Wisdom on Wealth


Everyone has money questions, whether it's what to do about retirement, or how to invest for the first time. Each week, Byron Moore offers practical, down-to-earth advice on handling money; and shows that even though money is important, paying attention to it can keep it from ruling your life.

Public Domain / wikimedia.com

Planning on making a change to your financial goals next year? Here are three suggestions that will resolve some old habits. Repeating counter productive behavior will not produce better results. Make a conscious commitment to your financial resolutions for 2016. 

The Credit Crunch hits the North Pole by James Nash / Flickr

Rudolph, with your nose so bright, won't you guide my sleigh tonight? Is your bank statement resembling Rudolph's red nose? Haste truly will make waste when flying blind without a net, no pun intended. However, with some common sense, putting into practice the practical, debt can be managed. 

FOMO- Fear of Missing Out
Gustave Courbet / wikimedia

The day's soup du jour seems to be fear mongering. Now, season that hot mess with a dash of digital distraction. Mmm, mmm, good... does it sound tasty or just plain nasty?

I can remember this fear with hesitations and reservations when I had to stay home for house chores instead of going to the game with friends. They always had to say that disappointing phrase, "Man, you should have been there!"

Committing to knowing you are exactly in the right time and space is one way of pushing aside the fear of missing out. 


     Are you young enough to remember Willie Nelson's IRS Tapes recordings? Not all of us are as lucky as Willie. His friends bought all of his belongings at the auction and gave it right back to him. Growing up in Hill County, Texas must have taught Willie Nelson how to sow seeds of friendships that would grow into to high yields. 

Not all rich and famous folks have produced such results. In case of emergency, break the glass menagerie, pick up the pieces and move forward in time. Are you thinking about your survivors? Safeguarding is the primer for avoiding calamity. 

courtesy / fastdolphin.com

Optimism and pessimism affect your confidence.  It plays a role not only in your professional life, but in your finances, too.  People often react by what is seen as an "emotional temperature."  However, keeping a check on your "emotional thermostat", or how you approach a situation, can have better end results.


Some individuals place more emphasis on dreams, rather than goals.  Goals can be challenging, but far more rewarding.  A first step is to apply some criteria to see if what you want to accomplish is a smart, that's S-M-A-R-T, goal.

serge beaudain / imanmi.com

There is great benefit to analyze not only what happens, but WHY.   It is often better to "prize" the proper process, than to punish the performance.  If put into practice, it is a principle that can reap better outcomes in many areas of life.  

Robert Benner / Flickr

Re-evaluating your business model will be easier to see with complete passion and complex sophistication. Taking into consideration the purpose, profile, product , process, and performance may yield a bird's eye view. Simplifying the routines will help foster the contentment of being a small business owner. 

Chris Potter www.stockmonkeys.com / Flickr

A man's castle may turn out to be a man's hassle. Avoid letting your small business end up owning you. When the logistics of a growing enterprise gets complex, it may be time to simplify matters. Looking for content simplicity doesn't have to be complicated. 

Chris Potter www.stockmonkeys.com / Flickr

Marriage helps our pocket books. Working together with singularity increases the odds for staying out of the red. Having the same goals in managing money is one facet of a successful marriage. These qualities carry over into other life's lessons.