It was 1940 when Maurice and Richard McDonald opened their fast food restaurant in San Bernardino, CA. Fifteen years later they’re doing great in their single-location restaurant when a funny thing happened. At age 52, all-purpose salesman Ray Kroc was selling the...
I just read an excellent article on this topic, compliments of Bob Kelly of Capital Group’s Private Client Services. I wanted to share it with you, via this link: https://www.capitalgroup.com/pcs/latest-perspectives/why-inflation-low-despite-rate-cuts.html No...
Mark Olson, one of our seasoned CFO contractors and an experienced CPA, had a horrible experience recently when his ID was duplicated and used to defraud him out of thousands of dollars. How his long-time bank, Wells Fargo, dealt with it was so wrong and so...
True Story: A company mailed a check to one of its suppliers in payment for services. The check never arrived. The company placed a stop payment order on the check and issued a new one, which was cashed by the supplier in the normal course. All good? Not quite. Seven...
A few years ago I wrote a book on financial mastery for teachers at the request of a client of our firm that publishes textbooks and learning materials for teachers. One of the chapters dealt with wise use of 401(k) plans for retirement savings and investing, the...
