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April 14, 2021

The math of SYNERGY

(thx to Egan and Shandler ‘Vroom! Turbo charged team building’) Synergy is group energy, MULTIPLIED by itself. Note here that it is the function between the numbers- that makes the difference! 3-3 = 0 3/3 = 1 3+3 = 6 3×3 = 9 So is the synergy positive or negative? The lowest output comes from subtraction and division. The highest output comes from addition and multiplication. Isn’t that something? Hmm…
April 1, 2021

Make Money Rules!

Create a list of money rules, including how you will handle unexpected income. For example, if you receive a bonus or tax refund, where will the money go? I recommend spending 50% and saving 50%. Then, set a time in your calendar to review the rules every six months. -Ramit Sethi, author and founder of Earnable in New York
March 25, 2021

BRING YOUR LUNCH

Pack a lunch for yourself one or two days a week and put at least $5 per meal into your emergency savings. -Andrew Crowell, Vice Chairman of Wealth Management at D.A. Davidson, Los Angeles
March 18, 2021

INCREASE DEDUCTIBLES

Look at the deductibles on your auto and homeowners insurance policies. Many people have deductibles that are much too low given their claims history and could save hundreds or even thousands of dollars annually on premiums if they increased their deductibles. Also, consider eliminating collision insurance if your car is older. Your insurer may issue a prorated premium refund. Redirect that money (and the additional premiums you would have paid in the future) into your emergency fund. -Evelyn Zohlen, President of Inspired Financial, Huntington Beach, Calif.
March 8, 2021

Think Small!

Create shorter-term goals. If $3,000 is one month of expenses, set a goal to save 5% to 10% of that monthly or break it up into weekly deposits. -Jeff Donham, Wealth Adviser, the Colony Group, Richmond, VA.
Give The Gift That Keeps On Growing

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