The Last Lever to Pull
Amnesty should be the last lever pulled. The first should be the wholesale restructuring of the $1.7 trillion student loan portfolio so that repayment durations are extended to a more appropriate term.
The Problem With Student Loan Amnesty
Student loan amnesty is a political expedient. An ineffective remedy that does not take into account several important considerations.
Genius or Grifter?
Willfully shortchanging lenders, investors, suppliers and employees, and swindling customers does not make a business owner smart. Just a deadbeat.
Thoughts at a Hypertense Time
The election is fast approaching. And when I’m not preoccupied with wearing a mask, washing my hands, maintaining a safe distance and disinfecting everything, my thoughts turn to other matters that concern me every bit as much, particularly at this fraught time.
A Hard Lesson
Mitchell D. Weiss shares a story on the importance of business ethics and personal conduct during a transaction.
When You Point A Finger…
Some time ago, I accepted a challenging consulting engagement with a national bank. The chairman and CEO of one of its multibillion subsidiaries abruptly resigned and I was to crisis manage the company as interim CEO until a permanent replacement could be recruited.
Over the course of that assignment, I […]
Financial First Aid: Episode 5 – Budgeting Using the 25% Strategy
Organizing personal budgets in a way that yields good flexibility, particularly during uncertain times.
Financial First Aid: Episode 4 – Freelancing Your Way to Financial Stability
Important planning and financial considerations for students contemplating supplemental and full-time endeavors.
Financial First Aid: Episode 3 – Student Loans & C.A.R.E.S
Addressing confusion over the student loan payment deferral feature of the CARES act, and advice on alternative payment plans.
Financial First Aid: Episode 2 – Managing a Stack of Problems
Taking a risk management approach to dealing with a multitude of problems occurring all at once.