Category: finance

  • Monk Says… Market timing is like jumping double dutch

    Monk Says… Market timing is like jumping double dutch

    Just like jumping in double dutch, there is a rhythm & a timing to investing. The current market meltdown is painful. I am not saying that flippantly. There are real world consequences to your finances because of the actions of others.  This may be of little consolation, but on average there is an economic/market pullback…

  • Monk Says… Assets/Liabilities

    Monk Says… Assets/Liabilities

    An asset is anything that produces or increases in value: inventory, intellectual property (IP), cash, or investment instruments just to name a few.  A liability put simply, is anything you owe: mortgages, rent, loan payments on equipment. The gentlemen at Earn Your Leisure had a masterful campaign to illustrate which is more desirable – assets…

  • Monk Says…What I learned from winning the lottery 

    Monk Says…What I learned from winning the lottery 

    First, let me be clear, I have never won more than $20 from the lottery. That’s $20 over my entire lifetime. But as a wise person once said, learn from other people’s mistakes because you won’t live long enough to make them all yourself. The lottery winner who was my guide was a man named…

  • Monk Says…NIL, AAU, 8U, High School, NCAA, NBA, and NFL coaches, it’s not your fault 

    Monk Says…NIL, AAU, 8U, High School, NCAA, NBA, and NFL coaches, it’s not your fault 

    You are about to learn one of the strangest sports facts ever… One of my nephews makes more money from Nike than 80% of all athletes. Pause for a moment, and I’ll say it again: since his 1st birthday, one of my nephews has been making more money from Nike than 80% of all professional…

  • Monk Says… Think, Act, Get 

    Monk Says… Think, Act, Get 

    If you THINK differently, you will act different. If you Act differently, you will Get different results.    Dame Dash, one third of the Roc-A- Fella Records founders triad (Dame Dash, Jay-Z, Kareem Burke) famously spoke about how hip hop artists go broke. Dame called it the hip hop starter kit.  Dame outlined how a…

  • Monk Says… Investment took a Loss? Pivot, don’t quit 

    Monk Says… Investment took a Loss? Pivot, don’t quit 

    Bouncing back from a loss is THE hardest lesson to learn in financial literacy (even though losses are inevitable).  It is going to happen.  But what you do after that loss will define how high you will ever go. Kareem Abdul-Jabbar was the most dominant player in college basketball at one time. At 7’2” he…

  • Monk Says… Start the year with a Financial Checkup

    Monk Says… Start the year with a Financial Checkup

    Start the new year with a different approach. We usually start the new year with resolutions (that fall by the wayside in less than 30 days). How about starting the new year picking low hanging fruit? Start by checking in with your financial advisor. Check on the progress of your 401(k) (IRA or Keogh) and…

  • Monk Says…Lesson Learned: Price vs Value

    Monk Says…Lesson Learned: Price vs Value

    As we take this day to acknowledge the sacrifices that military veterans have made and continue to make, I can’t help but reflect on the lessons I learned while being in the military-both in the field and in the markets. I graduated high school with the goal of going to college. But after growing up…