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Tom's Blog
Investment vs. Strategy
I am frequently asked about specific investments. For example, recently, I received the following questions from one of our teleseminar participants.
Focus AND Multiple Streams of Income
Multiple Streams of Income has become the catch phrase of the new century. This can be a terrific idea, since it means that we are receiving income from multiple sources and should mean that if one stream dies, then we will still be okay financially.
Not Wealthy Enough for a Wealth Strategy?
This is the question I received yesterday from one of our participants. Here is the exact scenario she ran into in her words:
If Not Mutual Funds, What?
I want to thank all those who commented on my recent entry, "Why the Lottery is a Better Investment than Mutual Funds." This entry is a follow up to several of those commentators, many of whom were asking the question, "If mutual funds are not a good risk, what is."
Why the Lottery is a Better Investment than Mutual Funds
Even though I am not an investment advisor and never hold myself out as one, clients continue to ask me what to do to prepare for retirement. Should I max out my 401(k) contribution? Should I do an IRA? Should I put more in my profit sharing plan or pension plan?
Tax Returns – Are they really all created equal?
Is a tax return prepared by the tax service in the mall of the same quality as that prepared by a major CPA firm? What does it mean to have a "quality" tax return? In fact, can a tax return be prepared in such a way as to reduce income taxes?
Rich or Wealthy?
I have often thought over the past couple of years about the difference between being rich and being wealthy. Is there a difference? If so, what is it? And how do we become wealthy?
Scarcity vs. Abundance
It's Thanksgiving day, 2006 and this is my first blog entry. It seemed appropriate to me on this day that I should talk about the concepts of scarcity and abundance.