Archives For October 2005


October 28, 2005

We are fast approaching the end of the year and the Holidays that come with it. So, there is no better time than the present to start planning your expenditures. One of those expenditures is the tipping of those in the service sector. Ironman at PoliticalCalculations has put together a nice chart with suggestions for tipping that is definitely worth checking out.

Importing Posts From Blogger

October 28, 2005

Well, since I can’t figure out how to import my posts from Blogger, I’m going to copy those articles that I think are good enough and forget about the rest. I was really hoping to be able to import the posts but when I follow the directions I get the same result: NOTHING! I’m going to leave the old AllThingsFinancial blog as is.

If you are a blogger who is linked to my old blog, would you please update your link to my new URL (

Living in a Flat World

October 28, 2005

With my internet service out, I was able to do a lot more reading. One book that I have almost finished is Thomas Friedman’s The World is Flat. I think EVERYONE needs to read this book! In fact, this book should be required reading of all middle school, high school, and college students. If you aren’t familiar with this book, you need to check it out (ELYM has already been writing about this book).

What I like about the book is that Friedman is a realist. He realizes (although he never comes out and mentions it, I get the feeling that Friedman is a Democrat) that when it comes to outsourcing, we can’t just bury our heads in the sand and pretend nothing is happening. He also realizes that we can’t put up borders to keep jobs here – something the unions would love to do.

I wish this book would have been out last year during the Presidential election so that these ideas could have been discussed in an intelligent manner instead of all the stupid finger-pointing we had to put up with. Politicians love to use fear in order to get people to the polls. I feel sorry for those people who only get their information from politicians. I hope this book is a wake up call for America. As a nation we have got to get serious about education or we are going to find ourselves in a very tough position in 10 – 15 years.

I would like to use this blog to start a dialogue regarding these issues. Perhaps we could start a book club. Maybe myself and several other bloggers could “host” a chapter each week and we could all discuss these issues. Folks, we have got to start doing something NOW. Our future depends on it. The first step is to READ THIS BOOK!

The Great Retirement Ripoff

October 27, 2005

Time magazine has an interesting cover story in their October 31, 2005 issue called the Great Retirement Ripoff. No effort was spared in trying to make this article as sad as humanly possible. Read this excerpt and you’ll see what I mean:
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Yesterday, I began a new series called “Financial Planning Basics” and started with a post about the net worth statement. Today, I’ll take the net worth statement a little further and show some various transactions and their effect on the net worth statement. While studying these examples, keep in mind the net worth equation:
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Congrats to the White Sox

October 26, 2005

I was pulling for the Astros, but oh well. My team won it all last year so I really didn’t care what happened this year. It is kind of weird that the Red Sox won last year, having not won a World Series since 1918 and the White Sox won this year, having not won since 1917! Kind of strange isn’t it?

As most of you probably already know, I am a fee-only financial planner. I don’t really care for traditional commission-based advice because Continue Reading…