Category Archive: Life Lesson

What is the Fiscal Cliff?

By: Les Chatfield

In simple terms: 1. $110 Billion in spending cuts. 2. About $400 Billion in tax increases.   Lets break this down a bit more. The $110 Billion in cuts is the easy part to explain.   $55 Billion in Defense and $55 in non-defense. Current US budget is about $3.8 Trillion with only  $2.6 Trillion only in revenue. So that means $1.2 Trillion is borrowed. What …

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4 Things To Keep In Mind For 2013 And Beyond

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Now with the Elections over with the planning has to begin. There was a lot of uncertainty with the elections. With the 2 different philosophies of running the country. Which made it suck for business it was hard to forecast your business out past the end of the year. You can be unset or elated about the results. But you can’t change …

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Is Going to College Worth it

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I had a conversation this morning with a women about college. She is as close as you can be to family without being related by blood. Her stance it seemed to me to be, She has been successful due to her college education. So to her success = college education. While I sit on the other side I have …

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The 5 laws of Gold: 5th law of gold.

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 Fifth Law of Gold: Gold flees the man who would force it to impossible earnings or who followith the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desire of investments. What does it mean? Basically avoid scams who say they can turn your money to many more. The “Too good to be true” type of scams or the urgency investment cause it …

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When Will Your Business Fail?

Pivate sector biz by age

Finally this past weekend someone showed my some stats I can accept. What do I mean? Well there is a myth out there about business failures. And it goes a little like this “95% of business fail in the first year, and 95% of those fail by year 5, then of those 95% fail by year 10.” Does that …

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How to Stop the Government from Stealing Your Money

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On Thursday the Fed (Federal Reserve) announced QE3. What is QE3? It stands for Quantitative Easing (3) is the the Third time. OK now what does that mean? Wikipedia does a good job explaining it.  In simple terms the Federal Reserve printing money (inflation). They like to use bigger words makes it sound more intelligent. Other they saying ‘we are inflating the money supply.” Let me point of …

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I bargain with life for a penny

I bargain with life for a penny. And life would pay no more However I begged at evening When I counted my scanty store.   For life is a just employer He gives you what you ask. But once you have set the wages, Why you must bear the task.   I worked for a …

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