A Million Dollar Ski Boat Mistake

Forums and Facebook groups abound with a frequently asked question that sounds something like this: “Should we sell our positive cash flow rental to buy (insert fun new toy) so we don’t have to attain a loan?”  When someone wants to buy a new car, boat, or motorhome but they have learned that buying toys … Read more

No Chicken Little, the Sky is Not Falling

I recently was part of a conversation on social media in which the following question was posed: Watching the past couple days of red in the S&P 500 is a little scary, and I am wondering what percent of people have sold vs. staying the course? Of course, many people chimed in with their comments, … Read more

Was the Recent Stock Market Drop Abnormal?

Whenever the stock market drops, even a tiny bit, everyone goes crazy. The news headlines always state a reason for the drop, whether their reason was the culprit or not. They imply one specific thing that happened in the world is responsible for the downturn. “Crisis on Wall Street as Lehman Totters,” “Worry about oil … Read more