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Money 101:
Personal Money Planning's Newsletter
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Money 101 OCTOBER 15, 2011 |
Howdy!
Last week, we lost an inspiring visionary and business leader in Steve Jobs. No matter what you thought of him or his products, he was a shining example of moving forward. One of Gary's recent articles expresses how all of us, no matter what, can choose to make changes in our lives and work. We only need to start moving. |
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Gary's Soapbox
Gender Bias In Sports Prize Money 
Money and sports often go together. While Olympic curlers still need to keep their day jobs, in the world of golf, baseball, tennis, and the like, top players need do nothing else to make ends meet.
In tennis, it used to be that the men got more prize money than the women. Admittedly, while the guys are better (nothing personal, it's a physiological thing), they don't bring in any better ratings (and hence money) than the gals. Folks would turn on the television for Navratilova/Evert as quickly as for Agassi/Connors. Because of this, in 2007 all four of the Grand Slam tournaments finally leveled out the prize money for the male and female players.
Yet I have to say that this is not fair, either. Now we have gender bias in the other direction. In those same Grand Slams, the men play best 3-out-of-5 sets while the women only play best 2-out-of-3. That's right, the men have to play over 50% more games than the women for the same payday.
It's rather simple to end this egregious case of gender discrimination: either have the guys play less or the women more. It's time for equal work for those million dollar paydays!
Not that anybody really cares.
--Gary |
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Gary's Latest Articles
from The Times Record News
 Take The First Step
There are ways to turn your dreams into reality, but reality takes real, concrete action. Staying true to your goals means dealing with the obstacles, not turning back at first sight of them. Read More...
Keep Your Eye on The Ball
I've noticed that while people love to watch their investments hourly, when it comes to insurance they buy it and forget about it. This is unfortunate, because your insurance needs tend to change more often than your investment needs. Read More.... |
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Small Business 101:
Baked Goods From Home
 A new Texas state law went into effect on September 1, 2011, making it legal to sell baked goods from home without a permit. There are still specific guidelines that must be followed, such as selling only "non-potentially hazardous baked items" (see this website for more info), and labeling the goods in a way that informs consumers that the products are not inspected by the Health Department. For small businesses that will generate less than $50,000 and sell products directly from their homes, this is good news.
Thanks to the MSU Small Business Development newsletter for sharing this information!
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Thanks to those of you who attended our recent seminar about Mutual Fund Investing. The next seminar will be in December (it's coming up sooner than you think!) and will focus on end of year tax issues. See our website for more information.
Sincerely,
Gary Silverman, CFP®
Personal Money Planning |
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©2011 Personal Money Planning . All rights reserved by Personal Money Planning and content may not be reproduced, disseminated, or transferred in any form or by any means, except with the prior written permission of Personal Money Planning unless specifically noted. (Permission is not difficult to obtain.) The one exception is for downloading and printing information from this newsletter for general education by the original recipient.
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DISCLOSURE
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.
This publication should not be construed by any consumer and/or prospective client as Personal Money Planning's solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Nor should links provided to other sites be construed as the recommendation of the services or products mentioned on those sites. If such services are required, the help of a competent professional should be sought.Remember that past performance may not be indicative of future results. Therefore, you should not assume that the future performance of any specific investment, investment strategy, or product made reference to (directly or indirectly) on this Website will be profitable or equal to indicated performance levels. Different types of investment involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for your investment portfolio.
Historical performance results for investment indexes and categories generally do not reflect the deduction of transaction or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results.
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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. |
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