Archive for Miscellaneous

WHAT THE RISE OF ROBO–CARS MEANS FOR EVERYTHING ELSE Recommended by Paul Ferraresi

Adam Smith wrote about the “Invisible Hand” in 1776 explaining about the free market economy.

Later in 1942 Joseph Schumpeter wrote about “creative destruction” as free market’s way of delivering progress.

Both of these economic principles were presented beautifully in a May 20, 2017 article in Barron’s. The title, What the Rise of Robo–Cars Means for Everything Else.

http://www.barrons.com/articles/how-robo-cars-will-impact-everything-else-1495858783

SAVINGS TRICKS THAT WORK recommended by Paul Ferraresi

THE NICKEL BUILDER

Begin saving 5 cents on the first day, and increase the amount you set aside by a nickel each day: a dime, then 15 cents and so on for a year. The most you’ll put aside is $18.25 on day 365. By then your pot will have grown to $3,339.75.

THE LINCOLN LOGGER

Set aside every $5 bill you receive as change in an envelope stashed away at home. Raye Scott, a real estate agent in San Diego, says she saves about $1,400 a year that way – then spends it on something like artwork or jewelry.

Some of my favorite quotes on ambition by Paul Ferraresi

“Success is not a destination, it’s a journey.”
- Zig Ziglar –

“The real opportunity for success lies within the person and not in the job.”
- Zig Ziglar –

“Obviously, there is little you can learn from doing nothing.”
- Zig Ziglar –

Treasuring Treasure by Paul Ferraresi

Check to make sure those valuables are covered by insurance.

Is your jewelry under protected? In cases of theft or damage, most homeowner policies cover only up to $1,500.

Get an appraisal, and buy a separate jewelry policy or rider.

Cost: about $10 to $25 per $1,000 of coverage each year.

ARE YOU A WILD SPENDER OR PENNY PINCHER by Paul Ferraresi

How to handle money is a topic that leads to battles between couples and family members.

Here is a great quiz that will tell you if you are a wild spender or penny pincher.

No cheating. Answer the questions honestly, then, look at the answer key.

Good Luck!

SPEND THRIFT QUIZ