Don’t be fooled: markets often rally right as a recession starts
The Correlation Between Late Market Rallies and the Start of Recessions The relationship between late market rallies and the onset of recessions has been a subject of interest and analysis among economists and investors. The stock market is often considered a leading indicator of economic health, and the occurrence of late market rallies just before […]
How Rich Guys protect their investments during a recession
As the old adage goes, “The only constant in life is change.” This holds true for the financial markets as well. Cycles of economic growth and recession are a natural part of any economy, and the savvy investor (whether that’s the Rich Guy or the asset manager the Rich Guy is smart enough to hire) […]
The Founding Four, Part 4 of 9: Debt
This is the fourth part of our new series about how to get your financial life in order by focusing first on the four most important parts of your financial life: saving, investing, protecting your income, and managing debt. We’ve discussed saving in detail in parts 2 and 3. Today, we’re going to delve into […]
The Founding Four, Part 2 of 9: Saving
This is Part 2 of a 9-part blog series called “The Founding Four”, about the four most important things you need to do to begin down the path to financial independence. You can read Part 1, in which we lay out the basics of all four, here. As we discussed last week, there are four […]
Motivation Monday 10-9-17
“God gave us the gift of life; it is up to us to give ourselves the gift of living well.” – Voltaire
10 quick “Pro Tips” for a Richer future
However much you make or save now doesn’t promise you a bright financial future. Life is unpredictable. Follow these 10 tips to prevent you and your family from money troubles. See a lawyer and make a will. If you have a will, make sure it is current and valid in your home state. You and […]
The Wisdom of Solomon: Give it all you’ve got.
As is true for many other aspects of our lives, the Bible has significant lessons about money, wealth and success. Many of these come from the life story and teachings of King Solomon, the son and successor of the Israel’s first king, David. Solomon is said to have been the wisest, and by no coincidence the […]
10 Money Resolutions you need to make for 2017
As the wild 2016 winds to a close and the holiday season approaches, many of us start making plans and resolutions for the coming year. Rich Guys plan their agendas and workflow for maximum impact, and you should, too. If you are one of the 45% of us who makes New Year’s resolutions, you know […]
Rich Guy Lesson: Give
Brownsville, Texas is one of the most economically challenged areas in the United States. So you’d think it would be a difficult place to start a financial practice. And you’d be right. Aside from the fact that I know very little Spanish (it eludes me fiercely, even after living in the Rio Grande Valley for […]
Motivation Monday
“All wealth is the product of labor” – John Locke