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Your Favourite Club

Every golfer has their favorite club. That one club you hit better than any other. From time to time we hit every club well but there is that one club we hit well consistently. When a golfer learns which club they hit best, it makes sense that they try to leave themselves in position to use it whenever possible. It is much the same way with financial products as well. Some people like real estate, others mutual funds, others stocks… Read More »Your Favourite Club

Cart or Caddie

There is a very unique relationship between a player and their caddie. Unfortunately the caddie for most of us non tour playing fanatics has been replaced with GPS systems that can only tell you how far you are from the pin. It can’t tell you which club would be best to hit given the elevation of the green and the direction of the wind. Have you ever noticed that not one professional on the tour carries their own bag? While… Read More »Cart or Caddie

Avoiding The Hazards

In 2005, Tiger Woods won his eleventh major, the British Open, and only used his driver once in the entire four rounds. While others were trying to capitalize on the roll they would get bombing it off the tee, Tiger was orchestrating a controlled trip around the course purposed on missing the bunkers. He knew that avoiding the hazards offered the best chance to win. Our financial course is covered with hazards, some you can’t even see from the tee… Read More »Avoiding The Hazards

Risk And Reward

Golf course design is a thing of beauty and the variety of holes is what keeps us wanting to play every course on the planet. There are some par 5’s that are long with little trouble and are often birdied while others are almost impossible to reach in three. There are short par 4’s that are reachable with a great drive but offer no consolation for a ball miss hit. Like a downhill, dogleg left, 279 yard par 4, with… Read More »Risk And Reward

You Drive For Show And Putt For Dough

There is no doubt that hitting your driver on the screws 300 yards down the middle of the fairway is exhilarating. We love the feel of the club head speed and the sound the driver makes as it makes contact with the ball. How much time do you spend working on your putting vs hitting your driver? On the tour the slogan is “putt for dough”. Ask any professional and they will quickly tell you that the most valuable club… Read More »You Drive For Show And Putt For Dough

Practice. Who Has Time For That?

If you are like most golfers you can’t wait to play. The anticipation of the next round dominates our thinking. We live such busy lives with work, kids, chores and trying to keep up that when we have any time we want to play not practice. We may hit a few balls on the range before starting our round but seldom take the time for serious practice. We hurry to the first tee and are off for yet another mediocre… Read More »Practice. Who Has Time For That?

Club vs. Swing

For those of us who play, there is nothing better than the game of golf. We watch it on TV, read about it in books and magazines, and hope to learn that new tip that can take our game to the next level. Statistics show there are over 60 million golfers in the world today. Of those:   ∙ less than half ever break 100,   ∙ only 33% break 90, and   ∙ less than 5% will ever break… Read More »Club vs. Swing

Average ROR vs. Real ROR

The following is for illustrative purposes only, the returns used are not possible and are only used to illustrate a concept. Average does not mean the exact same thing as real. I have a friend that says that he and his wife average about 50 miles a week riding their bikes. When you first hear this you would think that they both ride together about 50 miles. The real story is that she rides about 100 miles a week and… Read More »Average ROR vs. Real ROR

The Cost of Procrastination

When it comes to putting money away for our retirement it is easy to believe that you have plenty of time to take care of it. It is an interesting thing about life that it seems to creep along looking forward, but flies when you are looking back. Do you remember when you could not wait to be a teenager and thought that day would never come? Well where did the time go? Procrastination is something many of us wrestle… Read More »The Cost of Procrastination

Interest You Earn vs. Interest You Lose

Most of us are well aware of the interest we are earning or not earning in the money we have invested. What little time we spend thinking about how our money is doing is usually all spent on what is our rate of return, how much interest am I earning. There is another type of interest you may want to pay attention to and that is the interest you may be losing. There is interest paid when you finance a… Read More »Interest You Earn vs. Interest You Lose

Calculating Your Income And Wealth Potential

Over your lifetime you will earn a great deal of money. You may be surprised when you look at just how much you will earn over a lifetime. Your wealth and income potential is a combination of not only the amount you will earn over your lifetime, but what you would have if you could save and invest everything you make. Obviously that is not possible, but it does give you a different perspective. Here is a hypothetical example of… Read More »Calculating Your Income And Wealth Potential

Everything You Know You Think Is True

Most of us have an opinion about almost everything, especially those things we believe we know about. Unfortunately what we believe to be true may in fact not be true at all however we live our life believing that the things we know in fact are true. Obviously if you knew something was not true you would make adjustments immediately to your thought process. When it comes to understanding money and how it works it is quite easy to be… Read More »Everything You Know You Think Is True