Posts by Bob Irish
Are You An Accident Waiting to Happen?
The Exxon Valdez oil spill. The Three Mile Island nuclear meltdown. The crash that severely injured comedian Tracy Morgan last year. They all have something in common. They were caused by sleep deprivation. The first mate of the Valdez had been awake for 18 hours before the accident. The Three Mile Island meltdown happened on…
Read MorePutting Purpose in Your Life
For most of my working life, this was how I imagined my retirement would be: 7:00 a.m. – Wake up slowly to birds chirping (no alarm clock). 8:00 a.m. – Meander around the garden, exercise a bit, read the papers. Noon – Lunch at the golf course with three golf buddies. 1:00 p.m. – Tee…
Read MoreHow to Steal Your Way to Wealth
I started stealing from myself a year ago. And so far I’ve taken in $6,500—the easiest money I’ve ever made. I didn’t do any additional work for that extra $6,500. I simply changed an unconscious behavior into a conscious one. My new awareness has made me richer not only in dollars but also in confidence…
Read MoreOne Step Program for a Better Life
A few years back, author and fitness guru Dr. Marcia Hootman was in a tailspin. She was headed for divorce, her health was suffering, and her teenage son had become increasingly distant. But in the midst of it all she discovered something—a simple technique that changed her life. It’s a technique that can change your…
Read MoreMore From Less: The Benefits of Downsizing
As your home becomes an empty nest, you may want to consider downsizing to a smaller location to save income and reduce stress.
Read MoreMy Biggest Retirement Fear
When she said, “twice the husband, half the income,” I had to laugh. I had just asked Jane, whose husband Phil had retired a few months ago, how retirement was going. Her answer underscored the two fundamental issues in retirement. One is psychological. The other is financial. We’ll be looking at both sides of retirement…
Read MoreBig Gains Ahead, Thanks to BP
Personally, I’m sick of BP. I don’t care if they survive. But I am interested in making money off of BP’s problems.
Read MoreThe Importance of GDP Growth Rates
What do the following major brands have in common? Budweiser Lysol Ben and Jerry’s ice cream 7-Eleven Gerber baby food Brooks Brothers Motel 6 American Idol Wild Turkey bourbon If you said that they are all owned by non-U.S. companies, go to the head of the class. The United States represents only 30% of world…
Read MoreWhy Is This Man Smiling?
Do you recognize this man? It’s Jamie Diamond, the CEO of JPMorgan Chase, and he’s got plenty of reasons to be smiling. His bank still exists because of the taxpayer bailout. So, thanks to you and me, his paycheck last year wasn’t bad. $16 million.
Read MoreWhat “Type” of Investor Are You?
In the world of pop psychology, people are often divided into Type A and Type B personalities. An oversimplification, of course. Still, your “type” label says a lot about your approach to life. And guess what? It also says a lot about the way you approach investing. Type A personalities tend to be aggressive and…
Read MoreThe Best Way to Make Money
Can you imagine turning a few hundred bucks into $900 in just three days? Or turning $360 into $720 in just seven days? Fantasy? Hardly. Some investors have found a way to book triple-digit gains without spending hours in front of a computer screen. Today, I’m going to show you how to be one of…
Read MoreDon’t Gamble
“Don’t gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.” Will Rogers’s observation on the stock market is as true today as it was over 70 years ago. It speaks to the type of investing most…
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