.3 Ways to Start Anticipating Your Financial Needs

Posted by Daniel Azzoli

Managing your finances can sometimes feel like an overwhelming task. You’ve got bills to worry about, maybe a family to support, and plenty of other financial responsibilities on your plate. If you’re trying to keep your financial life in order, one of the most important things you can do is learn how to anticipate your financial needs. This can help you to start preparing for these expenses ahead of time and hopefully ease the impact they have down the line.

If you’re not used to thinking ahead when it comes to your finances, this may be a tricky thing to wrap your head around. For example, when you run out of groceries, maybe you just run over to the grocery store, browse through the aisles and pick out a few items to make meals for the next few days. Or maybe you’re used to getting bills in the mail that you hadn’t expected.

Inheriting a house? Read this before you make any rash decisions

Alessandra Malito Mon, May 23, 2022

There are tax implications to whatever decision you make.

Beneficiaries must juggle many considerations when they inherit a home, especially if they’re sharing that gift with siblings or others. There are tax implications whether they keep or sell the home, emotional attachments to the house and the items within the house, as well as other potential estate planning issues. In some cases, the property can become a source of rental income, whereas in other situations, it could be another source of cash after it’s sold — especially when the real-estate market is doing well.

Leaving behind a home for a loved one to inherit is a huge gift, but without the right planning, it could be an equally large headache.

.The Rise After the Fall

May 16, 2022 by Ted Lamade

Guest post by Ted Lamade, Managing Director at The Carnegie Institution for Science

Two weeks ago, I was scheduled to attend an annual meeting in Chicago. I caught an early morning flight into O’Hare and arrived at my hotel on Michigan Avenue shortly before noon. Knowing I had a few hours to kill before my first meeting, I decided to walk around the city to see how much it had (or had not) emerged from the Covid-19 lockdowns.

As I walked along the city’s Riverwalk, I shielded myself from the wind on a day that was unseasonably cold, even for the spring in The Windy City. Dodging people along Wacker Drive, I noticed a bookstore around the corner from The Wrigley Building. In order to warm up, but also in an effort to embrace Barton Biggs’ bookstore philosophy, I ducked into the store (Biggs’ bookstore philosophy was simply that whenever he traveled to a new city as Morgan Stanley chief investment strategist, he would visit bookstores due to his belief that which books were selling and how they were positioned on the shelves provided a good indicator of a city’s or country’s current mood/sentiment).

.Quiet Wealth: An Asset Protection Strategy

Time is Money: An Asset Protection Strategy

Diversified Investments

I’ve never worn a watch. I flatter myself that’s because of a high school Latin teacher/lacrosse coach named Thurber who, when asked why he didn’t, responded that “a man who wears a watch worries too much about time.”

That quote has always stuck with me. Its philosophical brevity is almost Hellenic.

My real reason for going watch-less is simpler, however. I have a hard enough time keeping track of my keys, wallet, eyeglasses and anything else I need during my daily journey to worry about a watch as well.

.·5 Important Lessons From Squirrels For A Better Life

Raymond Marlborough Sep 15, 2021

Love them or loathe them, these furry acrobats have lessons to teach.

Squirrels divide opinion, you either love their acrobatics and furry antics or are tearing your hair out as they evade your latest defenses to devour all the seed that you have left out for the birds.

While I was living in England our house backed onto a wood which had a lively squirrel population in addition to birds of all types, foxes and even deer on occasion. My wife and I got to observe squirrel behavior up close and were also trying and failing mostly in stopping them getting to the seeds that we left out for the birds.

.Brain Meets Money

Richard Quinn February 20, 2020

HOW OFTEN DO you think about money? Hey, you just did. Seriously, we think about money every day and sometimes every hour. Some studies say we ponder financial matters even more often than the old standby: sex.

We’ve been thinking about the stuff for a long time. Money goes back about 3,000 years. Paper currency can be traced to China in 700 BC. They didn’t fool around: Their currency stated that all counterfeiters would be decapitated. I’m guessing counterfeiting was rare.

Today, it costs two cents to manufacture a penny and almost eight cents to make a nickel. Result? Each year, we taxpayers lose about $85.4 million on the production of pennies and $33.5 million on nickels.