I recently started my own self-insurance “company”. Here are some details about my new company. Startup Costs: $0 Startup Time: 30 minutes Business Purpose: Take on an increased, although still small, part of the risk of driving a car, owning a home, and purchasing appliances and electronic equipment. Revenue: Modest but steady. Right now…
“I have listened to thousands of sermons on the urgent need to give. I find myself wondering why it is that preachers never talk about how much fun it is to give.” Jon M. Huntsman Sr. Businessman and philanthropist Jon. M. Huntsman Sr. is a world class giver. He has given away about 1.5 billion…
“Because the pleasure of consumption is purest without the experience of paying for it, anything we can do to separate payment from consumption can enhance the pleasure of the purchase. – Elizabeth Dunn and Michael Norton from the book Happy Money Close your eyes and reminisce seeing your favorite band in concert or watching…
“Place a substantial premium on the future.” That 7-word answer was given by Natalie Gochnour, associate dean of business at the University of Utah, in response to a question by the Deseret News about the most important financial advice she had ever received. Gochnour received this advice from her father, physician Merrit H. Egan. In…
“Wealth is like seawater: the more you drink, the thirstier you become.” – Arthur Schopenhauer, German philosopher John D. Rockefeller, widely considered to be the richest person in history, when asked how much more he needed to earn until he had enough famously replied, “Just a little bit more.” Author Mitch Anthony reports, “A friend…
Last week here in Utah we celebrated Pioneer Day, a commemoration of Brigham Young leading the first group of Mormon pioneers into the Salt Lake Valley. On July 24, 1847, after a journey of more than 1,000 miles over the Great Plains and Rocky Mountains, the pioneer company paused on the foothills overlooking the valley. …
