Archive for April, 2011

Survive at work without selling your soul – this week on Your Financial Editor.

Thursday, April 28th, 2011

Healthy compromise and having an open mind it important when accomplishing goals with other people.  But you should never have to betray your word, principles, or values in your professional or personal life.  Join me this week and I’ll be talking with Elizabeth Doty, author of The Compromise Trap.

Tune in this Saturday morning at 8am on AM 930 WFMD, or listen from your pc by logging onto WFMD and click the listen live button.

About this week’s guest:

Elizabeth Doty is a manager, consultant, and educator in the field of organizational learning.  Her firm, WorkLore, helps leaders and teams increase the alignment, integrity, and engagement that allow them to generate extraordinary value.

Let’s send OPEC packing!

Friday, April 22nd, 2011

We send hundreds of billions of dollars out of America every year to purchase foreign oil.  Think about that…billions every year!  I was at a luncheon this week with Ted Turner and T. Boone Pickens (can anyone say ego?) to discuss how we can get off foreign oil and become self sufficient.

Turner strayed from message occasionally to get digs in on social issues, but did make some good points about solar energy power, of which he has huge investments in.  T. Boone was much more to the point and concise about what America can and should do to power ourselves.  One of the oddest things about T. Boone is the fact that he made his billions as a big oil man.  However, now he has made millions in investment in the wind and natural gas sectors and has a well thought out plan to get us energy independent.  I know Pickens stands to make huge profits if we harvest and use our own resources, but that’s capitalism.  Hey, I’d rather give it to him rather than the people who hate us and our way of life.  Check out  Pickensplan.com .

So long Social Security!

Friday, April 22nd, 2011

Social Security, it’s got to go.  I know that sounds harsh, but we’re already way past the point of dealing with this issue.  Here are some of the facts: 

  • The program was created in 1935.
  • It’s a social insurance program.
  • It’s funded by payroll taxes.
  • The social security fund pays out hundreds of millions each year. 
  • It’s the largest government program in the world.
  • It was created when the average life expectency was far short of age 65.

The Congressional Budget Office said the system will pay out more in benefits than it receives in payroll taxes in 2016.  Whoops!  The CBO probably didn’t plan on the financial crisis, recession, and poor government policies causing millions of American’s (who lost thier jobs and watched their networth take a dive), apply for benefits sooner.

Heads up…if you are 50 years or younger, I wouldn’t be including Social Security benefits in your retirement projections.

Recap for businesses – Maryland’s General Assembly 2011

Wednesday, April 20th, 2011

Kathy Snyder, President of the Maryland Chamber of Commerce, joins me this week to give an overview of this year’s Maryland General Assembly Session.  The chamber took positions on 132 of the 2, 370 bills and resolutions that were in session.  We’ll talk about what was passed and it will affect businesses!

Join us this Saturday morning at 8am on AM 930 WFMD, or listen from your pc by logging onto WFMD and click the listen live button.

About this week’s guest:

Kathy Snyder has served as a chamber executive for nearly 24 years, including 11 1/2 years as President and CEO of the Maryland State Chamber of Commerce.  She was named Chamber Executive of the Year in May 2007 by the Maryland Association of Chamber of Commerce Executives.

Prior to her service at the Maryland Chamber, Kathy was President/CEO of the Alexandria, Va Chamber and has also held executive positions at the Prince George’s County Chamber as well as working for the MD public school system. 

This past year, Kathy was named one of the Baltimore Business Journal’s Power 20 and The Gazette’s Maryland Business Champions. She also won the Brava Award from Smart CEO Magazine in Baltimore.  She was presented the Outstanding CEO Award by the Greater Prince George’s Business Roundtable in May 2009, and is a member of the Maryland Daily Record’s Circle of Excellence, having been named one of the state’s Top 100 Women in 2001, 2003 and 2006.  She was appointed to the Business Advisory Council of Governor’s Economic Development Commission’s in November 2009.

Kathy is one of only 500 chamber executives throughout the country to have earned her CCE (certified chamber executive) designation.  

Kathy is a lifelong Marylander and holds an undergraduate degree in journalism from the University of Maryland – College Park.  She earned a master’s degree in public relations from The American University in Washington, D.C.  She has three grown children and two grandchildren.

Governor Gary Johnson set to make a major announcement in New Hampshire – this week on Your Financial Editor.

Saturday, April 16th, 2011

Gary Johnson, former Republican Governor of New Mexico will hold a news conference on Thursday, April 21st at 9:00am EDT at the New Hampshire State Capitol Building in Concord (location: Capitol front steps: 107 North Main Street, Concord), to discuss his plans for the 2012 election.

He joins me this week to talk about his views on the hot-button issues in our nation – national debt, illegal immigration, our involvement in Libya and even legalizing marijuana. 

Join us this Saturday morning at 8am on AM 930 WFMD, or listen from your pc by logging onto WFMD’s website and click the listen live button.

About this week’s guest:

Governor Johnson, who has been referred to as the ‘most fiscally conservative Governor’ in the country, believes the highest priority for America is a balanced federal budget. He calls the national debt  ‘the greatest threat to our national security.’

 Since launching the OUR America Initiative in late 2009, Governor Johnson has traveled to 38 states, participated in hundreds of media interviews and addressed a wide range of organizations all across the nation. He is vocal in his opposition to U.S. involvement in Libya, and has called for an end to American military involvement in both Afghanistan and Iraq. He supports marijuana legalization and advocates common-sense immigration reform.

Money is Love…

Friday, April 15th, 2011

Estate planning, death planning, wealth transfer, etc.  There are many names for giving what’s yours to others when you eventually move on to bigger and better things (die).  There are dozens of ways to “skin the cat” when it comes to avoiding or eliminating taxes, fees, and administrative costs.

However, often the problem with estate planning discussions is that the main objectives are lost.  Good, hardworking people want to accomplish 2 main things when they focus on this necessary planning:

1.) They want to make their family stronger by empowering their beneficiaries with their assets when they are gone.

2.) The want to prevent as many outsiders (government, attorney’s etc.) as possible from eroding the value of those assets.

You see, for many money is love.  It is another way to enrich the lives of the people (or institutions) that matter most to them.  They can provide the resources for a grandchild to attend college, then medical school, and perhaps find a cure for a terrible disease one day.  The institution they may leave assets to may feed the hungry or offer a hand-up to those who need it.  So, when you engage in this important planning process, always keep in mind the huge difference you may be making.  With careful and considerate estate planning, your footprint on this earth can be a very good one.  View video of 10 Simple Estate Planning Tips.

Also  – a good story on retirement planning – 6 ways to Retirement Planning Pitfalls.