Blog

Dear Friends,

TV, Internet, and newspapers are filled with bad news. Horrific headlines scream at us everywhere we turn. How can we invest in a world falling constantly falling apart?? Here are some tips to remember:

Not too long ago that was the message given to a well known and highly respected football coach. During his tenure, his teams had won 73.7% of their games. That’s impressive!! Not many coaches achieve such a fine record. The problem? What have you done for us lately?? His team had not won a championship in recent years and that was not acceptable.

I remember saying that to my mother one time. She minced no words with her reply “Son – you best get rid of that thinking because life is not fair.” My parents had done something for my brother they didn’t also do for me. Were they loving me less? Did they think less of me? Absolutely not. What they were doing was in my best interest.

Let’s first look at an example of an emergency, then let’s tackle some quick takeaways.

“Baseball is a lot like life. It’s a day-to-day existence, full of ups and downs.” 
Ernie Harwell, the voice of the Detroit Tigers

Much is required. Have you ever heard someone say they wish they had that problem? For 27 years now I have offered counsel in this area of family finances. Many clients have expressed how challenging it is to decide what is best for an adult child or grandchild beneficiary who does not make the best financial decisions.