“Happiness is a by-product. You cannot pursue it by itself“
As we approach retirement, much time is spent daydreaming about a life of leisure when we have no one to answer to but ourselves. Happiness seems inevitable when we are in charge of our own destiny. It is common to spend the years approaching retirement creating a plan so your financial house is in order, but less common to create a mission statement describing the purpose for the next stage of your life.
In business, a mission statement is created … [read more]
The Boomer generation
is a demographic term for the Americans born somewhere in between 1946-1964. Based on a 2000 United States census, the Baby boomer generation is a population of roughly 83 million. To date, baby boomers range from 42 to 60 years of age. This means that the baby boomer generation is on its way to leave the labor force of the country.
Baby boomers are offsprings of a healthy, erudite and bounty living. Because of this, they have changed the perspective of growing old by reinventing themselves to pursue a new passion.
Because… [read more]
The specter of the Great Depression
has been raised repeatedly since our current recession began. After hearing all the comparisons I decided to do some research of my own.
Amity Shlae’s book, The Forgotten Man – A New History of the Great Depression, does an excellent job of reviewing what the US went through from 1929 – 1940 with balanced and well-documented facts. After reading the book I am amazed that we came out of that time in history without becoming a socialist country or carrying permanent financial scars.
My first major take-away from the… [read more]
While as a rule I prefer not to forecast, an undeniable attempt by the markets at a recovery has begun, with some asset classes enjoying historic gains since early March. Even with this news, Warren Buffett
, the Oracle of Omaha, has appeared in the media quite a bit with some downright depressing comments about the future of the economy. While I certainly believe that a return to “normal” will include some potentially significant bumps along the way and that a quick and easy ride back to where we were in 2007 (which was not,… [read more]