PiggyBankWritingPersonal Money Planning's

e-Newsletter for May 23, 2009

(to look at past issues, click here)
Also In This Issue
Observations (humor)
Of Cards and Life (reprint)
Long-Term Care (someone else's reprint)
parting thoughts: On Crabs and Leaders
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Observations
I started these a while back and got side-tracked. Here are some observations I've gotten from some humorous spam mailing on the web:  
 
6. How come it takes so little time for a child who is afraid of the dark to become a teenager who wants to stay out all night?

7. Business conventions are important because they demonstrate how many people a company can operate without.

8. Why is it that at class reunions you feel younger than everyone else looks?

9. Scratch a cat and you will have a permanent job.

10. No one has more driving ambition than the boy who wants to buy a car.  
 

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This newsletter is produced by Gary Silverman, dba Personal Money Planning, a registered investment advisor located in Wichita Falls, Texas.

Information in this newsletter is believed to provide accurate and authoritative information in regards to the subject matter covered. However, the accuracy, timeliness, or applicability of the information is not guaranteed and is provided with the understanding that we are not rendering legal, accounting, tax, or other professional advice or services.

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Personal Money Planning does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Personal Money Planning's web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

 
 Gary Silverman, CFP  
Videos
 
Last week I turned you onto some video interviews from T. Rowe Price.
 
Today I thought I'd turn you onto a video of me. I made an appearance a little while back on Good Neighbors with host Sametta Brown.
 
If you can't tire of listen to me droll on about money and life, you can get your fill of me on YouTube. There are three parts:
 
Enjoy.
 
Gary
 
Gary Silverman, CFP  
Of Cards and Life

I'm feeling a bit philosophical this month. I'm also thinking about cards. There's an old expression that a person needs to play the cards they are dealt. The idea is that there is no use getting mad at the dealer. Likewise, wishing that what has happened did not take place is equally pointless.
 
But there is another reality in cards. Many games allow you to change out your hand. So while in stud poker, you are relegated to playing the cards that are dealt to you; in draw poker, you can discard the ones you don't like and get some new ones in their place. My great philosophical insight: business is like draw poker.
 
There's one problem with draw poker. You don't know what new cards you are going to get. While by discarding, you are trying to improve your hand; yet it is also quite possible that you'll make it worse.
While this article was written with the business person in mind, I think you can easily apply its principals to life in general. Either way, read the rest of it by clicking here.
 
  


Long-Term Care

Long-term care is a growing issue in this and other countries. We're living longer, but sometimes we need a bit of help doing so.
 
One of the ways to pay for long-term care is to purchase insurance. Over the years I've written several articles on the subject. I've also read quite a few and forwarded them to my clients. But the other day I read one for the first time written from an attorney's point-of-view.
 
If you'd like to read it yourself, click through to the article here.
(The article is from Dan Campbell's March 2009 newsletter.)
 
parting thoughts 
On Crabs and Leaders
 
DeadliestCatchOne of my favorite shows on TV is Deadliest Catch. It's not a reality show--it's reality. Each week you follow along with the crab fishing fleet as they risk their lives to give you a nautical spider to feast on.
 
On the Harvard Business Review's Editor's Blog, Scott Berinato pulls from the show teaching points on being a leader.
 
If you find the show interesting, or if you are just interested, you can read his article by clicking here.
 
That's all for this week.
 
Gary Silverman caricature
 
 
 

Gary

 
Gary Silverman, CFP
Personal Money Planning  
 
 

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