One of the consequences of an aging population is that there will be increased pressure on an already overloaded public health system. Advances in technology will add to the pressure as new but often more costly procedures become available. Health care costs are 10 times higher in old age than in mid-life.
When it comes to business bankruptcies, the numbers seem to loom larger with every year. From 2005 through 2008, annual business bankruptcies increased by over 200%. In the years 2009 and 2010, business bankruptcies were more than double for the years 2006 and 2007.
I tell biz owners “Numbers is the language of business”, but also that numbers rarely tell the truth. Not because we did bad math, but because we look at pictures when we should be watching movies. Want to know how you’re doing? Grab the popcorn.
The velocity of the dollar. Macro capitalism has given micro-capitalism a bad name. The purpose of capitalism is to create the velocity of the dollar locally – everyone prospers. Big biz takes that dollar away to “headquarters”. Here’s one way to keep your dollar in your town.
International experts on financial literacy were beamed in from across the globe for the Retirement Commission’s recent summit on Financial Literacy. We know that financial illiteracy is a big problem in New Zealand, but we are by no means the only country in the world struggling to educate people on how to use their money […]
Two years ago, in March of 2009, I wrote this blog chuckb.me/xF about how I started my business 3 1/2 years ago in March of 2007. Four years after we started we’ll have a Mature Business, which is what we intended to do.
Wells Fargo is likely the “great bank” among the big ones, with the highest integrity and the lowest tolerance for bad banking practices among the bigs. But if my experience is typical as I believe it is, that should scare us all.
In these economically challenging times, parties are increasingly seeking ways to reduce the cost and conflict of divorce. Many attempt to streamline the process by retaining a joint expert/valuator to appraise the marital business and/or business interests.
I often tell of my first experience as an expert witness in a matrimonial matter. At that time there was not a plethora of literature that addressed the search for omitted income or hidden assets. Much of what we now call forensic accounting was performed intuitively by those of us with strong auditing backgrounds.
Very good information source on How to Save for Retirement from Mint.com.
The life and death of the $1 bill
Small business owners often find themselves pushed against the wall due to shortage of funds, and being unable to secure a loan for their business. This problem is even more pronounced in startup businesses which have yet to establish a credit record or show spiraling sales.