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Business Ownership and Wealth Management

Dana Barfield

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Top Stories by Dana Barfield

This time of year is a favorite for children of all ages – I happen to be one of these kids – in part because of the television programs that are shown around Christmas. A Charlie Brown Christmas, Santa Claus is Coming to Town, Rudolph the Red Nose Reindeer, and How the Grinch Stole Christmas, have been favorites of mine since TV went from exclusively black and white to poor quality color. This is no coincidence as these programs were made in the mid 1960’s. As I was watching this year, it occurred to me that if at this time in history Christmas had not yet been established, if somehow Christmas needed to be “started” in 2009, it wouldn’t stand a chance. Christmas would be doomed before it ever got started. First of all, the only time you can say Jesus Christ anymore is when you hit your thumb with a hammer. You can’t mention Him at City Hall, you can’t display a crè... (more)

Housing Crisis and Lower Income Home Owners

Finally the other shoe drops. On the front page of Monday’s USA Today, research done by Harvard University’s Joint Center for Housing Studies discovered “Homes that cost less hit the hardest.” The article details the fact the lowest price homes in markets all across the US have experienced price drops greater than homes which cost more. This is no surprise and it is the natural consequence of artificial incentives instilled into the housing market by the Community Reinvestment Act originally signed by Jimmy Carter, and subsequently updated in the Gramm Leach Bliley Act signed by ... (more)

S & P Downgrade of the U.S

Let’s make clear what is happening today, what relationship this bears to the Standard & Poor’s downgrade of the U.S. financial system, and how it affects your plan for retirement. There is some legitimacy to the concern over the debt rating reduction. For as long as anyone can remember the United States of American has been the gilt-edged standard of financial wherewithal and responsibility (70 years to be exact). To be downgraded, though somewhat symbolic, is a shock to the system. S&P’s concern is the amount of debt we now have; in excess of $14.5 trillion today, which is $ 4 ... (more)

A Little Encouragement...

I am not sure the origination of this quote, but it certainly is timely: "Hard work: All hard work brings profit; but mere talk leads only to poverty. Earnings: Never depend on a single source of income. Spending: If you buy things you don’t need, you’ll soon sell things you need. Savings: Don’t save what is left after spending; Spend what is left after saving. Borrowings: The borrower becomes the lender’s slave. Accounting: It’s no use carrying an umbrella, if your shoes are leaking. Auditing: Beware of little expenses; a small leak can sink a large ship. Risk-taking: Never test the dept... (more)

Just in Time to Do Your Taxes...

Then there is this somewhat political, but no less humorous submission from a friend: ... (more)