Author: Patrick Blair I recently met a sophisticated, 45-year-old* salesman who said he’d just come out of retirement, because he lost 90% of his net worth in the FTX bankruptcy. As a result, his wife was seriously considering divorcing him and taking their young son with her.
Author: Patrick Blair I recently read Douglas Jacoby’s newsletter where he wrote a very thought-provoking article entitled: The Widow is Heroic, but Also a Victim . Douglas provided key support for me in writing Faith and Finances , especially in the area of church giving.
Book Reviewed by Patrick Blair on August 12, 2022 First Impression Versus Lasting Impression: The book title accurately describes the book, which is a solid, spiritual treatise on the biblical perspectives about money. The book also provides ample practicals and personal examples. &
Author: Patrick Blair I can calculate the motion of heavenly bodies, but not the madness of men. –Sir Isaac Newton The great physicist Sir Isaac Newton was credited with this quote while caught up investing in the infamous South Sea Stock bubble circa 1720. He was sa
Famed bond investor Ray Dalio recently said, “Cash is trash!” He warned that the growing U.S. dollar money supply will lead to its devaluation. In the interview, Dalio advocated having a diversified portfolio, including gold. In somewhat of a contrast, Warren Buffet recently sold large portions of Berkshire Hathaway investments so it can have a … Continued
When we feel unhealthy, we reconsider our eating and fitness habits. When spiritually depleted, we pray and read the Bible. When our houses are dirty, we clean them. How about when our finances need attention? I suggest having financial focus times. Take a few hours every few months to review, organize, plan, and make decisions. … Continued
Dave Ramsey teaches his “7 Baby Steps”: 1. Save $1,000 for your starter emergency fund. 2. Pay off all debt (except the house) with the debt snowball. 3. Save 3-6 months of expenses in a fully funded emergency fund. 4. Invest 15% of your household income in retirement. 5. Save for your children’s college fund. … Continued
Author: Patrick Blair Inflation is like toothpaste. Once it’s out, you can hardly get it back in again. –Carl Otto Pohl There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages
Author: Patrick Blair I loved watching the Suze Orman Show and her “Can I Afford It?” segment. She would analyze if someone could afford something based on their financial situation and other emotional factors. It helped give me clarity about my purchases, personalit
