Tag: finance
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Happy 2023!
As we move into a new year we might consider this an opportunity to review our behavior from last year, identify where there is room for improvement and either adjust or set new goals for the coming year. Be honest with yourself and total the dollars you spent dining out, on alcohol and cannabis. Don’t…
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Getting to the top…
Over the past two months we have taken a look at Liquid Net Worth and Net Worth and Income in the United States. A couple of key takeaways are that attaining at least a bachelors degree has positive indications for upward mobility and getting married is a good thing according to household income and wealth…
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Income in the U.S.
The median income of some 131mm households in America is $70,784. The median for married couples sits at $106,921, the median for single male households is $70,525, while single female households is just $51,168. Looking at the data by race, half of 102mm white HHs earn more than $74k, while that number for 17mm black…
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Wealth: Net Worth and Liquid Net Worth
Assets – Liabilities = Net Worth (or Wealth) Use our Financial Position Worksheet to calculate your net worth. Liquid Assets – Liabilities = Liquid Net Worth Liquid assets are those which you can easily convert to cash, usually within a week, without much change in their value. That excludes your house and car from the…
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Happy Labor Day!
The first Labor Day holiday was celebrated on Tuesday, September 5, 1882, in New York City, in accordance with the plans of the Central Labor Union. The Central Labor Union held its second Labor Day holiday just a year later, on September 5, 1883. By 1894, 23 more states had adopted the holiday, and on…
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Four Concepts Wealthy Children May Know
We believe experiential learning is most effective in teaching financial concepts, though we accept each child learns differently. Here are four concepts to introduce to your children or loved ones: Counting coins and dollars to learn their value and how more units or heavier weight, does not mean more money. Exchange of goods and services.…
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Financial Repression
In their 2011 paper Former Senior Vice President and World Bank Group Chief Economist Carmen Reinhart, and International Monetary Fund Economist Maria Belen Sbrancia brilliantly explain the “pillars” or economic conditions of financial repression and demonstrate how it is effective in the liquidation of government debt. A term introduced in the 1970’s, financial repression is…
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9
Welcome to 2022. Today we are celebrating nine years in business and much has changed since my last post. We should first take this opportunity to express gratitude for life, and all that we have and have achieved. Survival isn’t guaranteed, though beating the odds gives us a chance it does not guarantee success. Though we…
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Capital, Access & Influence
Exploring and gaining experience in the many areas of business and finance continues to inspire my appetite for change. Since childhood I have pursued meritocratic environments. My athletic career has disappointed deeply in that area. Though I continue to find marginal success in different areas, the returns have not matched the investment or risk taken.…
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Coroebus’ First Olympiad
Coroebus’ first olympiad is complete. We have been operating for four years and continue to meet challenges as they come. Performance has been competitive, though scaling continues to be an area of focus as I continue to develop PythiaSM. In the area of portfolio management or investment management there is a continuing debate as to…