MONEY

Dealing with people’s money, like running a restaurant, provides a unique insight into human nature. I wrote about this for several years in a monthly column, NOTES FROM A FINANCIAL PLANNER, published by The Real Estate Magazine. In those years I was constrained by the legal requirements of my profession. Here you will get the unconstrained version. I hosted a financial talk show, MONEY TALKS, on KMFB, a Mendocino radio station. Some of those shows were taped and you might find a few clips posted on this site. Anything and everything having to do with money is fair game. Stay tuned!

The Greatest Heist in History

  [Click on BLUE links for sources and further information]   Better views of some of the charts and some of the analysis used in this post can be found HERE:  Wage Stagnation in Nine Charts     America can be divided into five income classes:  the hoity toitys, the...

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Do We Really Need This Tax Cut? Just Askin’

  [Click on Blue links for sources more information]   NOTE:  Treasury Secretary Steve Mnuchin and his wife celebrate the first batch of dollar bills with his signature in the Feature Picture above.  Mnuchin, who supports the current tax cut, made millions after his...

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Trompudo’s Revolution

  [Click on BLUE links for sources or more information]   Philosophers have hitherto only interpreted the world in various ways; the point is to change it.  Karl Marx, Theses on Feuerbach   Progress is not a straight line, there’s going to be moments in any given part...

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Death and Taxes

  [Click on BLUE link for sources and more information]   Nothing in this world can be said to be certain, except death and taxes. Benjamin Franklin   The only difference between death and taxes is that death doesn’t get worse every time Congress meets. Will Rogers  ...

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Inside the Hologram

[Click on the BLUE links for sources and further information]   The Vision of Christ that thou dost see Is my Vision’s Greatest Enemy. Thine has a great hook nose like thine; Mine has a snub nose like to mine. Thine is the friend of All Mankind; Mine speaks in...

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What is the Economic Impact of Natural Disasters?

  [Click on BLUE LINKS for further information and sources]   It depends on what the meaning of “is” is.  Bill Clinton   [Note: Make sure to read the last paragraph all the way to the bottom.]   Before I was a restaurateur, before I was a financial planner, before I...

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What About the Grandkids?

  I grew up in small town America and look back nostalgically at what I now know was a privileged and cherished childhood.  While I lived in a one-parent home and money was tight, I had everything I needed.  In spite of the rural agricultural landscape, I had...

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The Downside of Inheritance

  Matthew 16:26 For what is a man profited, if he shall gain the whole world, and lose his own soul?   Some people are born on third base and go through life thinking they hit a triple.  Barry Switzer   “Money isn’t everything,” said my mother, “but it beats whatever...

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Tough Love

  The stories I will tell now are true or mostly true.  I’ve changed the names and taken some liberty with the details.  There are things you need to know.  It isn’t easy to tell anyone that they are living in an illusion, that they have unrealistic expectations, and...

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Funny Money

  Financial advisors would have you believe they inhabit an arcane world of alphas and betas and that they and they alone can navigate the mysteries of modern portfolio theory.  The reality is a bit different.  Let me tell you about an average day in the life of the...

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Bonehead Economics: Things to Know in the Era of Trompudo

  [click on BLUE links for more details or information]     "Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient."  Lawrence Summers My brother was eight years older, and I idolized him.  When he went away to college, he had...

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Misery

[click on blue links for further information] Dickens Quotes courtesy of The Telegraph   "Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty...

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