Thoughts From the Finance Factory

Should Bitcoin Survive?

Bitcoin and other cryptocurrencies have been on quite a run over the last year and it has brought out all of the skeptics in full force. Much like the early to mid-90s  when you could put a dot com after anything and investors poured money in. It seems that today the equivalent is putting a “coin” out and the “investors” flock to it. With the Chinese government’s recent crackdown on Initial Coin Offerings (ICOs) in the last week the skeptics for crypto currency have been given another arrow to shoot at the “price bubble”. (more…)


The Finance Factory Podcast – Episode 8 The Pickle Lady Interview

The story of Miss Jenny’s Pickles is an amazing small business story that includes Joe Biden, 7 countries, West Texas Investors, Matthew McCoughney, and tremendous hustle and good and bad luck.

Jenny Fulton’s small business journey will help many entrepreneurs and small business owners.

In this episode of the Finance Factory Podcast we discuss Miss Jenny’s adventure from being in the financial services business to selling millions of pickles across the United States.  She brought something new and exciting to pickles and ultimately the businesses success led to its demise.  This is one of my favorite interviews and can’t wait to have Miss Jenny back to share more business lessons. (more…)


Where were you?

9/11 will never just be another day.  Every year I think it will get a little easier to forget and move on and it doesn’t.  Every year I am reminded of what almost was.  I am not one to live a life full of regrets or fear.  But 9/11 is the one day every year that haunts me.

I was 6 years old the first time I saw the Twin Towers.  I was driving across the Tappen Zee bridge from Connecticut with my Mom when I saw them glistening in the sunlight overlooking the water.  They were a sight to behold especially to me.  Prior to that moment the tallest building I had seen was the 6 story section 8 apartment building I lived in with my newly divorced Mom.  I would see them hundreds of times as a kid growing up in Connecticut who would travel to Brooklyn or Jersey regularly to visit family or see Mets games.  They were a major part of my childhood and I appreciated them every time I came across the bridge. (more…)


Ways To Save Money On College

It is back to school time! That wonderful time of year when parents shell out hundreds of dollars for new clothes, school supplies or supplying a college dorm room.

Each year the College Board issues a Trend in College Pricing report, and each year the trend is upward. And every year the message from the Board is the same: don’t worry, there’s plenty of financial aid available. (more…)


The Finance Factory Podcast Episode 5

In this episode I interview Algenon Cash, managing director at Wharton Gladden.

Wharton Gladden is a boutique investment banking firm focused on small to middle market real estate deals, and equity and debt opportunities for private companies across a wide range of industries.

We discuss the founding of his company, what drives him and his company.  Interesting opportunities he sees in his industry and mistakes he has made along the way.  We discuss his favorite books and have a little fun in the lightning round.  I hope you enjoy this episode of The Finance Factory Podcast. (more…)


A Hitchhiker’s Guide to the Cryptocurrency Galaxy

Navigating the World of Cryptocurrency:

In The Hitchhiker’s Guide to the Galaxy the characters visit the planet Magrathea which is home to the planet building industry.  Bitcoin is much like Magrathea and the Alt-coins in the cryptocurrency universe are like the planets that get built.

What are Alt-coins?

Altcoins are cryptocurrencies other than Bitcoin. Altcoin is a combination of two words: “alt” and “coin”; alt is short for alternative and coin as to do with currency; together they imply a category of cryptocurrency that is alternative to Bitcoin itself.

The majority of altcoins are forks of Bitcoin and are slight changes to the underlying Blockchain. Altcoins are the later alternative cryptocurrencies launched after the immense success Bitcoin had after its release in 2009. After the Bitcoin became a success, many other peer-to-peer digital currencies have emerged in an attempt to imitate it.

In General, altcoins are alternatives to bitcoin because they tend to improve and solve the Bitcoin protocol’s limitations and features. Alternative currencies aim to be better substitutes to Bitcoin, or serve different niche markets. (more…)


Regret! What is it Good For?

“Regrets are idle; yet history is one long regret. Everything might have turned out so differently” – Charles Dudley Warner

Regrets we all have them. Many people think about the what could have been if only they had done this or that. Regrets can be very destructive to your financial life. I’m not saying that mistakes are bad. Quite the opposite, everyone makes mistakes the detrimental part is when you don’t learn from the mistake and let regret creep in.

The next time you begin to have a life regret or financial regret I want you to think about Ronald Gerald Wayne. Don’t know who Ronald Wayne is? That’s OK I will share a little bit about his story. Steve Wozniak and Steve Jobs are known as the founders of a little company called Apple. I know crazy right? Well what if I told you that Ronald Wayne was the third founder of Apple. How could you have never heard of a 10% co-founder of Apple? (more…)