When you walk into a bank, it is divided into two sections. Most people, that is what the bankers see as the "common folks," go into the line and wait for a teller. However, the people with money go to the other side and sit down with a financial strategist or money manager who personally... Continue Reading →
Developing a Financial Strategy Part 1
Here is a key thought to consider about financial planning. Wealthy people tend to make fast decisions and are also slow to change. That is if it is a good plan, better than they have, they change. If it is working and there is nothing better, they stay the course. In contrast, people who have... Continue Reading →
What Causes Inflation?
Are we in an Inflation now? YES! Update: August 2022. This past July, inflation in the US hit 8.6%, that is for that month NOT the year! Thus, we are in one of the highest inflation rates in US history and in the world now. Yes, we are in a “Stag Inflation” How did we... Continue Reading →
How Does the Housing Market Prices and Mortgages all Work?
This week, the Federal Reserve (Fed) cut the federal funds rate and the prime rate. How will this affect the mortgage rate and housing prices? How much influence does the Fed have? A lot, but that is not the whole story. There are many other facts that chime in for mortgages and housing prices. The... Continue Reading →