THE UNSETTLING ECONOMIC HISTORY BEHIND OUR BAD NEIGHBORHOODS

Rough American Neighborhood

I’ve done my fair share of traveling around this country. Indiana, Florida, Hawaii, Oregon, Nevada, Virginia, Arizona, Washington, Ohio, California, Texas, etc… And one of the things I’ve noticed is that financially challenged communities are prevalent in nearly every major metropolitan area.  In fact, I can say with confidence that practically every big city has a “rough” part of town.  In the more extreme cases, drugs and gangs emerge, which can often lead to violent crimes.  It’s really quite tragic, and I know we’ve all seen it. What accompanies these struggling parts of American cities is an equally disturbing economic Continue reading

HOW TO BEAT THE 1% AT THEIR OWN GAME (LEGALLY AND ETHICALLY)

The One Percent

Is it just me, or is vilifying affluent members of society really in style right now?  The media would have us believe that the economy is a finite pie and if one person has a bit more, then that means someone else has to settle for less.  I’m sorry, but that’s economically backward. If Larry Ellison (founder of Oracle and multi-billionaire) moves into your town, is your town in better shape or worse shape?  It’s in better shape by a long shot.  Just the drippings from his proverbial plate would greatly benefit numerous aspects of your community’s economy.  It could Continue reading

INVESTING IS A LEVEL PLAYING FIELD

Technology has lowered the barrier for investors

If you were a woman or a minority in 1950s America, you faced some serious adversity in your pursuit of a paycheck.  Heck, that’s still the case in some parts of the country.  It’s an unfortunate reality that some folks occasionally encounter. But as investors, we get to operate under a different set of rules. You see, as an investor, you don’t have to concern yourself with age, race, or gender discrimination.  As an investor, it doesn’t matter if you’re male or female, black or white, fat or skinny, young or old.  It doesn’t matter what side of the tracks Continue reading