For years, I have campaigned against debt. I have always considered it the biggest enemy to wealth and I still do, but with a caveat. There is still no question that paying down credit card and unsecured debt is almost always the best use of extra cash, but with mortgage interest rates hovering around 3%,…
Speaking of reading….I’m a busy person, and while I love to read books, I don’t always have the time. On a recommendation, I purchased an app called Blinklist, and it’s the best app I’ve stumbled on this year. In a nutshell, Blinklist is CliffsNotes in an app. You can read or listen to a 15-minute…
For those of us who are missing sports, The Last Dance, has become a weekly sanctuary. The ESPN 10-part documentary takes a deep dive into the career of basketball legend, Michael Jordan. Jordan is widely considered the greatest basketball player of all time, but the film is a lot more than a collage of basketball…
Everyone is wondering what will happen in the next few months. Will things get back to normal? Will we still be in quarantine? Will there be a second wave of infection? Literally, nobody knows for sure, but I have my own opinion. I think there will be some breakthroughs in the next month or two…
Prior to the pandemic, NAHREP was building a world class lineup for the fall convention. I was convinced it was going to be our best ever. The goal was to create a program that would be rich with content and provided our members with an experience that would last a lifetime. While a live event…
While I believe the world will begin to normalize over the summer, large gatherings will probably have limitations for a lot longer, perhaps well into next year. This means that virtual events will remain the way people congregate for quite a while, and they probably will become a permanent fixture. However, the novelty of the…
In the face of the worst economic crisis since the Great Depression, the government launched the Paycheck Protection Program, a trillion-dollar effort to incentivize employers to retain their employees during the quarantine and maintain most of their compensation. The program was administered by the Small Business Association (SBA) and provided forgivable loans to eligible employers…
When this is all over, I will have fully replaced vodka martinis for red wine as my drink of choice. Wine is healthier and a lot more sophisticated. I downloaded an app called Vivino that has a feature where you can snap a picture with your phone of the label of a bottle of wine…
The stock market had a great week, at the same time a record six million people filed for unemployment benefits. It doesn’t take a genius to realize there is something incongruent with these two data points. Our economy succeeds when there is a healthy balance of buyers and sellers of goods and services. The cataclysmic…
Here are some things I have been thinking about that will likely be permanent changes to our way of living. Some will cause business and investment opportunities. Baby Boomers will move online. COVID-19 is forcing Boomers to buy everything online from groceries to prescription medications. America’s wealthiest generation, who has been notoriously slow to transition to…