I was recently with a friend of mine from upstate Connecticut. My friend plays a lot of golf. He believes in leisure. He does not admire my work ethic. He had been receiving my e-letters and concluded that I spend too much time reading and writing. He felt the need to give me advice. "Randel, you spend too much time indoors ... you need
Credit cards are in the news of late. Defaults and charge-offs (when card company treats debt as uncollectible) are at record highs. Card companies are responding by raising interest rates, cutting limits and increasing fees. Politicians are responding to that by drafting legislation to keep the card companies in check. Card companies
Last week I was the business "expert" on a television program. One of the other guests was Kathy Ireland, former supermodel and Sports Illustrated cover girl. After her modeling career, Ireland decided to start a home furnishings business. Like many entrepreneurs, she was told she was crazy and had no chance competing against the likes of
In last week's blog post and e-letter I wrote about the need for each of us to think and act like an entrepreneur, the point being that one's only safety net is the value proposition he or she offers to the marketplace. More on that next week. But today, given the growth in the number of people following my e-letter (which makes me happy),
Yesterday my daughter and three of her friends were visiting our home. All four had graduated college last June and all are fortunate to have jobs. These young adults were all concerned about the economy, and asked me what I thought they should be doing by way of saving or investing. They had all heard the usual advice. But, they were smart
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