My College Experience

by Bill Parrott on

I attended the University of San Diego, a gorgeous campus with sweeping views of the Pacific Ocean, Mission Bay, San Diego Bay, downtown San Diego, Coronado, and so on. US Navy jets routinely flew over our school from Miramar or Fighter Town, USA. The weather on campus was pegged at 75 degrees –...

Ready. Set. Go.

by Bill Parrott on

The Olympics are off and running and swimming and jumping and rowing and so on. The Olympics are extraordinary because it brings the world together. We have the opportunity to witness amazing feats from incredible athletes – young and old. I'm always astounded at how fast athletes run or how high...

Variants

by Bill Parrott on

The Delta Variant is throwing a wrench into the economic recovery as COVID cases spike. Companies like Microsoft, Wells Fargo, Blackrock, and Amazon are delaying returning to the office for their workers. Labor Day was a return date for some employers, but it won't occur until January 2022...

Friday the 13th

by Bill Parrott on

The Friday the 13th movie series has, so far, produced twelve scary movies. In 1984 it was Friday the 13th: The Final Chapter, followed by Friday the 13th: A New Beginning one year later. The Final Friday movie appeared in 1993, but three more films followed it, so I don't believe Jason will ever...

I Am the Greatest!

by Bill Parrott on

Muhammad Ali repeatedly let everyone know he was the greatest. And he was. Who is the greatest Olympian of all time? Allyson Felix. Other GOATs include Michael Jordan, Tom Brady, Cal Ripken, and Steffi Graff.

My friends and I played sports every day – football, baseball, basketball, golf...

Should You Buy Your Kids A Home?

by Bill Parrott on

Home affordability is no longer affordable for most, especially for kids graduating from college. According to Zillow, the average home price is $293,349, up 15% from last year. In Austin, it's $600,000. My daughter will graduate with her Master of Social Work degree next May, and she wants to buy a...

Should You Own Bonds?

by Bill Parrott on

Long-term interest rates are near historic lows. In 1981, rates peaked at 15.32%; today, they're 1.37% - a drop of 91%. The yield on the US 10-Year Treasury Note is currently 1.3%, and the inflation rate is 4.99%, so if you bought a bond today, your real rate of return is negative 3.69%. Negative...

I'll Do It Tomorrow

by Bill Parrott on

Why do it today when you can do it tomorrow? Have you ever delayed starting a diet? An exercise program? Yardwork? House cleaning? The list goes on and on; we have all procrastinated about something. As Wimpy says, "I'll gladly pay you Tuesday for a hamburger today."

According to Merriam-Webster...

A friend once told me you could fix anything with the right tool. Tom was a chain-smoking retired Air Force pilot frustrated with people who tried to fix everything with a screwdriver or a hammer. He often ranted that your project will turn out looking horrible if you don't have the proper tools.

...

What's Your Life Worth?

by Bill Parrott on

I hate hearing stories about people dying young like Chadwick Boseman, John Candy, Gilda Radner, Pat Tilman, or Kobe Bryant. I could list hundreds of people who died early, including close friends and relatives. Of course, we will all die at some point, hopefully after a long, healthy life.

A...

As we approach Independence Day, I pondered what it means to be financially independent. Warren Buffett and Charlie Munger are still working; are they financially independent? What about Whitney Wolfe Herd or Robert Johnson or Jeff Bezos? If billionaires are still working, does it mean we need...