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

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

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Podcast 613-Rising Tide? Trump's Minimal Economic Impact

Podcast 613-Rising Tide? Trump’s Minimal Economic Impact

We’re Growing Again Right?

Trump ballyhoos new numbers. Seems like the new president is turning our economy around. A rising tide? What does an improving economy look like? Are there actions that cause real economic growth? Do you think new leaders are taking those actions?

Republicans Know How To Fix The Economy Right?

Deregulation. Tax cuts and reform. Infrastructure construction. Campaign Pledges were made. Pledges spurred optimism. Furthermore promises can be kept because republicans are in charge and republicans understand business. So the story goes.

Trump Has Already Started Making Things Better Right?

Trump claims credit for the new numbers. Can a new president have an economic impact after less than 90 days?

What’s Better?

How do you define economic success for the United States? Better job? More money? Saving a job? Getting a loan for business or housing? Seeing your 401K account fatten because of stock performance? Cheaper gas? GDP? Productivity? Improved employment? Interest Rates? Jobs coming back to America? Consequently how do you know when it’s working?

What Has Been Done?

Because of the new numbers coverage exploded. However, what have Trump and the new Congress actually done? Executive orders on regulation. Business and the environment. Pipelines. Budget cuts. Trade and the budget. In conclusion, is there an impact on the economy overall?

How Do You Know?

Who are the people that put these reports together and what methodology do they use? How do economists and traders judge these numbers? Seems like people accept them at face value. Should you place confidence in these reports?

What Actually Works?

Are there specific actions that can be taken to grow our economy? If business and economic philosophy is important, what do our leaders believe? Do you think there is a standard approach to economics and government in Washington? More importantly, we know ideas counter to the current approach exist. Will the new congress and president embrace them?

Back To The ’50’s

Let’s face it. We have a sclerotic, 1950’s style government. People are developing and using new technological tools developed for the 21st Century. Moving fast toward building a new world. Block Chain Currencies. Improved Communication tools. Robotic manufacturing. Higher productivity. Government might be out of step with those developments.

Sponsored by Ryan Plumbing and Heating of Saint Paul.

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Podcast 332 – Congressman Tom Emmer

Congressman Tom Emmer. Tom Emmer joins the Bob Davis Podcast to talk about his recent vote for the DHS funding bill, which has generated so much controversy with some constituents in Minnesota’s 6th District. Tom talks about the original budget bill known as ‘CROMNIBUS’, and the bill defunding DHS the House was asked to vote on recently. Also discussed is the need for an overall strategy to address presidential executive orders and memoranda, by President Obama. Problem is, since it is President Obama issuing the orders, he picks the time and ‘place’ of battle, forcing Congress to react, rather than act. Emmer also talks about the controversy on his vote for the Speaker, and disagreements with some leaders and members of the North Metro Tea Party recently. It was recently suggested that Minnesota’s 6th District is one of the most republican in the United States (Editor’s note: I made the suggestion.) In reality, while Minnesota’s 6th district is one of the most republican in Minnesota, with a +6 generic republican vote, there are districts in some states in the range of +20 for the generic republican vote. So no, Minnesota’s 6th district is not ‘like Texas’. Emmer says he understands people are angry and frustrated. Those who are angry and frustrated don’t want to talk about the complexities surrounding votes like the recent DHS vote, they’re just angry. The Congressman suggests conservatives need to lead with logic and not emotion on these issues, and the right needs a strategy for the next 18 or so months, and 2016. He says it will be different when the Senate has a 60+ majority of republicans, a wider republican majority in the House and a republican President. Tom says he has been talking with constituents pretty much non-stop since the vote. This podcast did not represent an opportunity to argue with Congressman Emmer, but an opportunity for him to respond, and to give listeners an idea what it might be like to have a conversation with the Congressman on the phone. Emmer and Davis also talk about the Authorization for Military Action the President is asking for, and whether he thinks arming the Ukraine is a good idea, given the fact that a group of Republicans and Democrats in the House and Senate are asking the President to do so. Also discussed is trade policy, and the recent ‘Snowmageddon’ that has hit the Capitol. Sponsored by Baklund R&D. 

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