Grace Groner lived nearly her entire life in Lake Forest, Illinois, about 45 minutes north of Chicago. After graduating from Lake Forest College in 1931, Grace was hired as a secretary at Abbott Laboratories, where she worked for more than forty years. Grace never earned a large salary as a secretary. According to the Los […]
Getting ahead financially is pretty simple. Just make sure your outgo is less than your income and voila, your net worth grows. Do that consistently and you’ll build wealth. Do that religiously and the following words may someday come out of your mouth: “I don’t have that pressure, you know what I mean. My wife […]
Northcote Parkinson termed the phrase Parkinson’s Law in the 1950’s. The law states that “as the supply of a resource increases, so does the demand for that resource”. Here are some common examples: Your computer’s data will expand to fill exactly the amount of storage it has available. The amount of time you have to […]
Americans plan to spend more on gifts this Christmas than in any holiday season in the past five years, according to a CNBC All-America Economic Survey. The average American plans to spend $765 this year, up 12 percent versus last year, and about 6.5 percent higher than the average across the survey’s nine-year history. Unfortunately, […]
The good news is that there are now more millionaires than ever. But when it comes to retirement, is a million dollars enough? That’s the million-dollar question. The million-dollar retirement goal gets a lot of attention, but a million dollars may not be enough. It depends on what you’ll need your retirement dollars to earn for you to […]
Pictured is the Fugio cent, the first coin ever minted by the United States following the Constitution. It is widely considered to be the first official coin of the U.S. What’s interesting is that the coin doesn’t say “E Pluribus Unum” on its front. Instead, it reads — surprisingly — “Mind Your Business.” Was the […]
Most people are on a treadmill. They make income at their jobs and then they spend it. There isn’t much left. Since their spending depends on their income, they are eager to increase their income at every opportunity. Here’s what successful people know – it’s capital that counts, not income. Successful people know that in […]
What if your spouse told you that they wanted to spend $7 million dollars on a couch? Warren Buffett is said to have had a disagreement with his late wife Suzy about her plan to spend $20,000 to renovate their home. Did he disagree with Suzy that their house needed some freshening-up? Probably not. Given […]
