Strategic Planning and Investing for Individuals

Every business, no matter how big or small, no matter the products/services it sells, no matter where it is located in the world, has five key systems that it must design, teach, implement, and continually refine if it hopes to be successful.

By the way, there are only two types of “property” under the law – real property, and personal property.

We are not going to discuss tax planning other than to say that you must build a relationship with a CPA who is well versed in working with investors, entrepreneurs, and high-income wage earners. Also, start reading books.

Commodities are actual things – they have intrinsic value in and of themselves. They do not derive their value based on the value of something else.

Leverage – what is it? At its simplest, leverage means amplification.

In the case of your incapacitation, although you haven’t passed and your estate (stuff) still belongs to you, your estate plan sets forth your desires regarding how and by whom your estate is to be managed during the period of your incapacitation. Although not technically part of your estate, your physical body is most clearly your most prized pers

We are equating ownership with rights, so let’s define those. It’s an interesting philosophical question, “What does it mean to own something? What does it mean to have rights”? Ownership and the extent of ownership in something is defined by what is known as the bundle of rights. This bundle of rights consists of five rights under the law: • Posse

We all know of people who have ruined their lives striving for the ownership and possession of things – houses, boats, career advancement – but do you know anyone who has ruined their life striving for “stewardship”? Ownership-thinking fixes the mind inward, whereas stewardship-thinking fixes the mind outwardly on others. Just think about it. That’

Operating Businesses Operating businesses are very interesting investment vehicles. In thinking about the substance of what constitutes an operating business, two words come to mind – systems and people. The products and/or services being sold are almost secondary to the systems and people being employed to run them.