[Whether you're planning a wedding or another big party,] you need to make a conscious choice about whether it's more important to you to spend tens of thousands on the event or save the money for some future financial need, ... There isn't necessarily a right or wrong answer, but the decision ought to be intentional. |
I think it's a lousy idea. |
It seems almost irresponsible to be managing money in an area where you think there's no opportunity, |
Often what makes the most sense, especially for people who've had home runs with their company stock, is to take enough off the table to live the life they want, no matter what happens. |
Real estate prices have somewhat moved in tandem with the stock market, and it's no coincidence real estate prices in Palo Alto (Calif.) have gone through the roof as technology stocks have gone through the roof, ... There's absolutely no doubt you can potentially make money if the market goes up. |
Rising interest rates would typically increase the costs of your home equity line and that's also one of the things that causes the market to implode. You've got borrowing costs that are increasing and secured by your most valuable resource potentially at a time when stocks aren't doing what they could do. |
Some of the bastions of corporate America are just images of themselves. People don't understand the level of risk they're taking. |
There are a whole bunch of ways to approach this, ... But the worst way is to say, 'Okay, I've got these two kids, and I'm automatically going to split things evenly because that's what most people do.' |
There's no reason to put your life on hold and not move into the right home because of a temporary situation, |
They buy second properties with the thought of renting it out and eventually converting it for a second home, ... A lot of people are buying ranches. |
They buy second properties with the thought of renting it out and eventually converting it for a second home. A lot of people are buying ranches. |
We live in this age of abundance. The problem is, even though people have a lot, they aren't any happier. So they're trying to find meaning in their lives, and one way to do that is by doing something for others. |
We're spooning money into the market now instead of dumping it in, |
We're spooning money into the market now instead of dumping it in. |