Something You Should Know about the US Economy


Strategies Of The Wealthy

June 13, 2013

 

Interview with Jason Vanclef, author of the book The Wealth Code 2.0: How the Rich Stay Rich in Good Times and Bad

 

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Mike Carruthers:
How do rich people get rich?

 

Jason Vanclef:
They don’t put all their eggs in one basket – we’ve heard it before.  They build financial tables with many different legs on them. Stocks and bonds are just one leg and they understand that legs will break but other ones will support the table.
 


Jason Vanclef

Simple Answers To Financial Questions - Part 2

May 31, 2012

 

Interview with Jack Otter, author of the book Worth It ... Not Worth It?: Simple & Profitable Answers to Life's Tough Financial Questions

 

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Mike Carruthers:
When you rent a car should you buy the extra insurance just in case?

 

Jack Otter:
The fact is the vast majority of people don’t need that insurance it is redundant. If you own your own car then you’re insured for driving that rental car.
 


Jack Otter

Should You Rent Or Own Your Home?

April 17, 2012

 

Interview with Jane Hodges, author of the book Rent vs Own

 

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Mike Carruthers:
Conventional wisdom has always been that owning a home is better than renting but that’s not necessarily true anymore because home buyer behavior has changed.

 

Jane Hodges:
In the past people used to put really large down payments down on their home and pay them off quickly but as time has moved on people tend to put less down and they stay for a shorter amount of time.
 


Jane Hodges

How Businesses Succeed In Tough Times

December 8, 2011

 

Interview with Jim Collins, author of the book Great By Choice

 

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Mike Carruthers:
Some companies even in this economy are doing well, why is that?

 

Jim Collins:
Basically we found that you need 3 behaviors; fanatic discipline, empirical creativity, and productive paranoia.
 


Jim Collins

Will You Have The Same Job In 10 Years?

August 4, 2011

 

Interview with Dan Pink, author of the book  A Whole New Mind: Why Right-Brainers Will Rule the Future

 

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Mike Carruthers:
If you're worried about your current job or where your next job is coming from, you're in good company - no one really knows what the future holds.

 

Dan Pink:
Ten years from now, twenty years from now a lot of the work that people are going to be doing is going to be in professions that don't exist in industries that haven't been invented yet.
 


Dan Pink

Why Expert Predictions Are Usually Wrong - Part 2

March 22, 2011

 

Interview with Dan Gardner, author of the book Future Babble: Why Expert Predictions Are Next to Worthless, and You Can Do Better

 

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Mike Carruthers:
For years the talking heads on TV have been predicting the future of politics, the stock market and world events and up till now they’ve mostly been wrong.

 

Dan Gardner:
And so the question then is, “Well if the experts were failing to predict the future in the past are they any better now?”  And I think the answer is no.
 


Dan Gardner

Why Expert Predictions Are Usually Wrong

March 21, 2011

 

Interview with Dan Gardner, author of the book Future Babble: Why Expert Predictions Are Next to Worthless, and You Can Do Better

 

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Mike Carruthers:
When you watch television, news and business shows there’s no shortage of experts predicting the future of politics, world events and the stock market. Are they accurate?

 

Dan Gardner:
What you need of course to access expert prediction accuracy is a proper experiment unfortunately that experiment has been done.
 


Dan Gardner

If You Ever Get Fired

November 23, 2010
 
 
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Mike Carruthers:
I sure hope it never happens to you but if you do get fired or laid off remember that…
 
Steven Mitchell Sack:
Every firing is negotiable. If you’re laid off everyone should not accept the companies first offer.
 

Steven Mitchell Sack

What To Do With Your Money Now - Part 2

October 20, 2010

 

Interview with Ken Kamen, author of the book Reclaim Your Nest Egg: Take Control of Your Financial Future (Bloomberg)

 

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Mike Carruthers:
Now that the economy seems to be recovering, everyday investors want to know where to put their money. 
 

 

Ken Kamen:
Spending a lot of time picking through which individual companies to own is just not the best use of the casual investor's time.
 


Ken Kamen

What To Do With Your Money Now

 October 19, 2010

 

Interview with Ken Kamen, author of the book Reclaim Your Nest Egg: Take Control of Your Financial Future (Bloomberg)

 

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Mike Carruthers:
The tough economic times of the last few years has proven to be a hard lesson for many.

 

Ken Kamen:
The number 1 thing that’s happened since the market meltdown is that people have lost confidence more than they’ve lost money.
 


Ken Kamen

Something You Should Know - Blogged