Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719

These days there’s a great deal of positive talk about ‘the economy’. Moreover, the focus is on government and big companies. Not a lot of realistic talk about our ‘personal economy’. We’ll talk about it in Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719.

Unvarnished Observations Of Someone Who Knows

In Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719 we hear the unvarnished observations of an experienced corporate and personal financial advisor.

Forget Wall Street. How Is Our Personal Economy?

What are the pitfalls for small business owners? How are families and individuals doing when it comes to personal finance? How is our personal economy these days?

Living The Dream. I Mean Delusion

When it comes to day to day financial management, it’s especially relevant to learn it’s pretty easy to live in a delusion, apparently. That goes for personal finance and business finance. Especially small businesses. This is just one of the key takeaways from our talk about why small businesses fail.

Spartan Lifestyle

To be sure financial advisors love to talk about retirement and living your dreams and passions. Thing is, living the dream requires a spartan lifestyle. When you’re living high on the hog, spartan is not something you want to do. So, business owners sometimes find it easier to avoid accounting for all expenses.

Todd Rooker’s observations are important for younger adults and small businesses. One of the most useful is a detailed explanation of how to account for all spending. I was surprised to learn some of the most knowledgeable and self aware see only what they want to see, when it comes to expenses. Delusions. There’s that word again!

Psychology 101. Our Own Worst Enemy

Human psychology determines what we’ll admit when we start totaling up the monthly budgets. Effective planning means short circuiting our own biases.

Following Our Passion

People want to follow their passion. How do you do that? Why doesn’t it always work out? Lots of great suggestions in Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719 along these lines.

Day To Day

Truth is, most people are living day to day. Businesses started to serve a passion can fail. The root cause may be a surprise. Most noteworthy, is the idea it may be all about accounting for all the details and potential pitfalls when you first start out.

How do we plan and prevail?

Surviving and prospering is what it’s all about!

Sponsored by Reliafund Payment Processors and Ryan Plumbing and Heating of Saint Paul

Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719

 

 

Podcast 501 – Mark Korin

Podcast 501 – Mark Korin. Hear the story of a small town Minnesota Mayor’s battle with the mighty Met Council’s planning czars in Podcast 501 – Mark Korin. Oak Grove mayor Korin has had it with the overbearing manner and attitude of the Twin Cities’ premier regional planning agency; The Metropolitan Council, and he may have actually figured out how to beat them. Major cities all over the country have regional planning councils with varying degrees of authority, with issues related to central planning without the consent of residents in small towns, medium sized and large sized cities. The planning authority in Minneapolis and Saint Paul is something called the Metropolitan Council, a panel of regional ‘representatives’ appointed by the Governor, controlling urban planning, sewer and water, metropolitan airports and transportation including the Metro bus and train services. The Met council has a huge budget, its own police force, and holds sway over small town city councils such as Oak Grove and Lake Elmo and big city councils like Minneapolis and Saint Paul. Who wields this power? A panel of ‘representatives’ appointed, and not elected. This in a state that elects its Supreme Court Justices, and it could be argued, the Justices actually have less power than the Met Council. Over the years we’ve heard many people on all sides of the political spectrum complain about development issues in their towns and cities. Usually residents incorrectly blame these problems on elected officials on planning councils and city councils, all the way up to County Commissioners. In Oak Grove the issue is housing density and long term development plans. In Minneapolis the issue is the planned Southwest Light Rail, which will cut through one of the most pristine urban parks in the country — the Chain of Lakes Area — and one of the most wealthy (and politically liberal) neighborhoods in the city. Here we have citizens on completely different ends of the political spectrum dealing with overbearing – and unelected – government power. What these residents don’t know is, city councils and county councils cannot legally say no to the Met Council. The Minnesota Legislature just passed a bill ‘reforming’ the Met Council, which consists of some cosmetic changes to the terms of council members. Oak Grove and Minneapolis are represented by a collection of powerful politicians in the State House and Senate; Speaker of the House and representative to the residents of Oak Grove, Kurt Daudt, powerful State Senator from SD61 (The Senator representing those rich neighborhoods in Minneapolis up in arms about the light rail cutting through their backyards) Scott Dibble, and Oak Grove’s Senate District 31 Senator, Michelle Benson. How is it these politicians missed how to address the Met Council’s overbearing and unrepresentative power, and a small town Mayor may have figured it out? Sponsored by Ryan Plumbing and Heating of Saint Paul.

PODCAST 460

Travel Madness. When is a presidential campaign like traveling? When things don’t go as planned. Which is pretty much what travel is. Live coverage of the ‘Primary’ season in Election 2016 starts with a late trip to Iowa, arriving in Des Moines at midnight, on the eve of the presidential debate that was supposed to happen, except for Donald J. Trump throwing a wrench into the plans. At the same time, this wayfaring podcaster struggles to pull all the nifty new elements added to podcast command together. At the time I did this podcast — 1 in the morning — I had just learned by unlimited data plan did not allow for a hot spot, a system I plan to use to upload podcasts from wherever, whenever. Having purchased a brand new iPhone 6, and as excited as a kid playing with a new video game, I was very disappointed to say the least. Not being one of those people who throw company names around, and complain, I decided to wait until morning and call my friend at the store, which at the time of this writing I have done. Some adjustments later, and guess what? Houston, we have remote upload capability! The election, and all those working to bring this debate to Iowans tonight seems to be going through the same kind of process. You can plan forever, but when things start going wrong you have to just work through the problems. A theme in these podcasts is the fact that the media has gone off the rails covering this election. It seems like the Media has become the story, which may be one of the reasons Trump is pulling the plug. Or at least he says he is pulling the plug. Fox News said this morning they expect only about 1-2 million viewers for the debates here tonight if Trump doesn’t show up, and that’s what’s important right? Not the voters of Iowa, who tend to throw the established ‘prognosticators’ for a loop in every cycle, right? Not the issues, which is what the vaunted Fourth Estate is supposed to be reporting on, right? So, word to the wise. Plan, but prepare to change and adapt. Sponsored by Hydrus Performance, Pride of Homes and Luke Team Real Estate