Thoughts From the Finance Factory

Who Are You Listening To?

On August 26, 2014 the S&P 500 closed about 2000 for the first time at 2000.02. We have now seen 28 new all-time high days on the S&P 500 in 2014. Whether the markets are going up or down, there are voices in the markets calling for it to go down.


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Worried About Being Matt Foley?

Saturday Night Live first aired on NBC on October 11, 1975, and when I was kid we only had 13 channels. so one way or another, I become a fan of Saturday Night Live. Then, as a 12 year old and sneaking back to the living room after everyone was in bed, I became a fan of the late 80s and early 90s cast of SNL, specifically; Kevin Nealon anchoring the weekend update, Adam Sandler doing the skits that led to his movie career, Dana Carvey, Phil Hartman, and really early Chris Rock.


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Protect Your Digital Backside!

The celebrity icloud scandal really had my wheels spinning about a number of things the other day. When are people going to learn that taking naked pictures of yourself never ends well. Also that privacy as we all knew and loved prior to the digital revolution is probably dead. This got me thinking about what happens to our digital footprint when we die.


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Financial Lessons From Walter White

I would like to thank Netflix for introducing me to binge watching TV. Without it, I would have never been introduced to AMC’s Breaking Bad and come across all of these wonderful financial lessons to share with you courtesy of Walter White and Jesse Pinkman.


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My Baby Will Cost Me What?

Since 1960 the US Department of Agriculture (USDA) has released a number for the estimated costs associated with raising a child until they reach 18. The costs include food, housing, childcare, education (not college costs), and other expenses. The full report is linked at the bottom of this post. So if you or a loved one has recently had a baby it is going to cost $245,340 on average to raise him or her to age 18.


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Financial Planning in the Shark Tank

I really like to watch the TV show Shark Tank. It is amazing to watch the “American Dream” on display in every episode. For the few of you out there that haven’t seen the show 6 successful entrepreneurs (Mark Cuban, Kevin O’Leary, Barbara Corcoran, Daymond John, Lori Griener and Robert Herjavec) listen to small business people pitch their companies or ideas so the Sharks (the entrepreneurs) might consider investing in them. I was watching the other day and thought there were some interesting similarities between successfully convincing the Sharks to invest and clients having a successful financial planning experience.


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Lessons Learned The Hard Way!

There is an old adage that there are no mistakes only lessons to learn. I can say that is only partially true. I think it is a mistake to not share lessons that you have learned along the way especially if it could help keep someone from making the same mistakes. So at the risk of embarrassing myself I will share the 5 financial lessons I learned the hard way.


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What The Heck Is Thorium?

Thorium is a naturally occurring radioactive chemical element with the symbol Th and atomic number 90. It was discovered in 1828 by the Norwegian mineralogist Morten Thrane Esmark and identified by the Swedish chemist Jöns Jakob Berzelius, who named it after Thor, the Norse god of thunder.


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