Is Boredom a Big Obstacle to Future Wealth?

Friday, April 1st, 2011

Listeners could be forgiven for scratching their heads Friday, April 1, wondering if a report on public radio’s Marketplace Morning Report was true or an April Fools prank (See “France’s New Measure of Well-Being: Boredom.”)

It claimed that French President Nicolas Sarkozy has asked other countries to follow his example and measure levels of “ennui”—French for “boredom”—in their countries, as this has a big effect on economic success.

The report in fact was a joke. But is the idea really that foolish? (more…)

What It Takes to Be a Successful Leader

Sunday, March 27th, 2011

Whether you are the head of a large corporation, a small business or just your own family, leadership skills are crucial to your success. No doubt you’ve developed your own leadership style that has served you well. But leadership is a learned skill, and practically anyone can become an even better leader with practice.

Let’s start with some personal attributes that many successful leaders share. Developing these attributes in your own life will help you improve your leadership skills.

1. Personal integrity. The word “integrity” comes from the mathematics term “integer,” which means a “complete entity.” (more…)

Dave Says: Plan Retirement Before Saving for Kids’ College

Thursday, March 24th, 2011

Dear Dave: I noticed that your Baby Steps list puts saving for retirement before saving for your children’s college fund. Sending your kids to college would come first on the timeline, so why do you suggest this? —Jen

Dear Jen: I advise this approach because everyone is going to retire someday, unless, of course, they happen to die before reaching retirement age. Retiring and eating are necessities. College is a luxury. Lots of people succeed in life without going to college, and thousands have worked their way through college. I worked 40 to 60 hours a week in college, and I still graduated in four years. (more…)

New Pioneers in the New Economy

Wednesday, March 16th, 2011

Franny Brennan of Asheville, N.C., is a New Pioneer.

Brennan, 37, belongs to a new breed of people that emerged a few years ago as the Great Recession sunk in across the nation. They dwell in small towns as well as large cities.

These pioneers were born out of need.

Until about two years ago, the college-educated Brennan worked as the publicist for a nonprofit organization. “It was my favorite job ever, bar none,” she said.

But she lost her job when the charity had to shutter its doors due to the poor economy.

For a while Brennan collected unemployment checks and searched for similar work in North Carolina. When that proved futile, she expanded her job hunting first across the Southeast and then nationwide.

After months of not getting even a nibble on a job, and with her unemployment bankroll evaporating, she knew she had to embrace alternative solutions. (more…)

How to Make Money by SAVING!!

Wednesday, January 12th, 2011

Let’s discuss some tips that will help you save money right away, and all year long.

Everyone wants to save money, right? Unfortunately, most of the messages we receive about saving money actually involve SPENDING money — that is, advertisements that promise more for less, if only you buy something.

But there are plenty of ways to save money that DON’T involve purchasing something you don’t need, didn’t want and won’t likely use. (more…)

Build a Business–and Sell It for Millions!

Tuesday, January 4th, 2011

Can that really be done?

Well, you could ask the mega-wealthy founders of Netscape, GeoCities and Skype. Oh, sorry for that typo in the headline: Each of these businesses, which didn’t even exist 20 years ago, was sold for billions!

Of course, you say: Marc Andreessen, co-founder of Netscape Communications Corp., and his peers in the dot-com bonanza-fest were Internet geniuses and among those rare individuals who were able to conceive the right idea at exactly the right time, knew how to run with it and then sold their companies for rich profits. Then you ask, “But what about me?”  (more…)

Maximize Your Skills for Effective Leadership

Wednesday, November 17th, 2010

So you’ve risen through the ranks, and now you have a team to lead. Most new leaders get their position because they’ve shown skill as a worker.

But leadership is about much more than knowing how to do a task well. Leadership involves picking the right tasks and coaching others to do those tasks well.

So here are some tips for new business leaders:

One: Resist the urge to “do the job” that one of your employees should be doing. (more…)

Dave Says: Get out and Do Something

Wednesday, September 1st, 2010

Dear Dave: My husband was laid off three months ago, and I’m afraid we’re about to lose our home. I’ve been working three part-time jobs to help keep our heads above water, but he says the economy’s bad, and he’s waiting for the “right” job. The bills are piling up, and I don’t know what to do.  —Paula

Dear Paula: When a guy loses a job, it’s a devastating blow. Many guys are task-oriented, and define themselves by what they do rather than who they are. That’s not a good thing.

When I went broke several years ago, (more…)

How to Give Wisely to a Charity

Thursday, August 19th, 2010

Recent news that mega-billionaires Bill Gates and Warren Buffett persuaded 40 families on the Fortune 500 list to pledge a total of $125 billion to charity captured a lot of attention.

But the fact is, you don’t have to be a billionaire to give to charitable causes.

The vast majority of charitable giving in the United States comes from people who aren’t wealthy. (more…)

Get Past Discouragement: Set New Goals

Friday, January 8th, 2010

Setting goals is vital to getting to the “big picture” of your personal finances or any other area of life. If you’re discouraged about the economy and, in particular, your finances, it’s time to re-evaluate. What can you do for the rest of the year to set new goals and achieve them?

“The two hardest parts of achieving a goal [are] planning and follow-through,” says Greg Helmstetter, CEO of myGoals.com, a company that provides goal-management services for corporations and large organizations and offers a web-based goal-setting application for everyone. (more…)