Cheat Sheet Q & A:


The Question:  Traveling - I'm in my late 20's and am interested in doing some traveling, as I'm financially able to do so.  You've talked about traveling from time to time and I'm curious.  What is your favorite and least favorite trip you've taken?  Where wouldn't you go again?


Bottom Line:  This is fun subjective question.  Ashley and I do enjoy traveling and have only scratched the surface of everything and everywhere we’d like to go but I’m more than happy to answer.  I’ll give you my two favorites and two least favorites. 


Best:  Rome (Italy), Emerald Lake Lodge (on EmeraldLake) near Field B.C.


Worst:  Nassau, Just about any Mexican resort


Decent but wouldn’t go back:  Bermuda


Top of the list of places we haven’t been:  New Zealand


I’ll explain each of the aforementioned. 


Rome:  I was afraid of a letdown because of my enormous expectations…  Not to worry.  It exceeded my expectations and then some.  I feel like we could go back a couple of times and still not take everything in.  The history, the culture, the accommodations, etc.  All spectacular.


EmeraldLake:  Ashley and I love the outdoors.  You may not find a more beautiful place in the world. It’s deeply tucked into a national park (you have to fly into Calgary and drive a significant distance).  The closet town is 8 miles away (Field) and its residents and businesses are all cleared by the park service.  Some of the best hiking in the world is found in this area (including the #10 hike in the world – the Iceline – for serious hikers only).  This was the destination of our honeymoon and was the best overall trip either of us has ever taken.  And not just because of the honeymoon (and yes we did the Iceline among so others…  We were younger and in much better shape)


Nassau:  It’s like most of the other islands in the area, except busier because of Atlantis.  And that’s just it…  We aren’t gamblers and Atlantis doesn’t do it for us.  There are endless cruise ships pouring people onto the island which makes getting around and doing other things more of a hassle (and not so relaxing). 


Mexican Resorts:  As indicated above…  Ashley and I aren’t the type to park ourselves at a resort for a week and stay there.  While the resorts themselves can be terrific, once you step outside of the resorts…  Sketchy.  Whether its drugs, hookers or both.  They find you quickly.  The same can be said of many of the Jamaican resorts. That doesn’t make for an ideal trip from my perspective. 


Bermuda:  It’s beautiful and worth doing at least once (not to mention the best meal I’ve ever had was at the intimate restaurant at the lighthouse (that has a view of both sides of the island).  On the flip side, it’s a really nice island that’s extremely difficult to navigate.  Getting around Bermuda is chaotic for outsiders and potentially quite dangerous.  Outside of Hamilton you have only

two narrow lanes you can use (one going each direction).  Ferries are often better options but there just isn’t any easy way to get around.


If you have a topic or question you’d like me to address email me:


Audio Report:




Are you financially deceiving your wife?


Bottom Line:  The good news is that you most likely aren’t.  And she likely isn’t deceiving you either.  The practice of financial deceit is growing however. 


Harris Interactive with the National Endowment for Financial Education has been tracking financial deceit for years. 


  • In 2011 31% of married individuals hide at least some financial activity from their spouse
  • In 2013 33% did

Women are actually more likely to hide financial activity than men.


  • 40% of all married women do hide transactions

With divorce rates near 50%, this practice can explain some of the negativity in the marriage.  If financial deceit is discovered it would be natural to question what else maybe going on outside of their knowledge.  My recommendation is to set a certain amount of money aside every month for each of you to spend with no strings attached.  This takes the stress and arguments out of frivolous purchases and it’s completely transparent.


Audio Report:


The age of the entrepreneur:


Bottom Line:  These days entrepreneurs can become celebrities.  Whether it’s those of established business like the late Steve Jobs, Bill Gates, Jeff Bezos, Warren Buffet, etc. or those of today like Mark Zuckerburg.  The one thing all of these people have in common?  They were young when they started their future empires.  Times have been changing though…


  • 35% of all new businesses are started by those 50 and older
  • 20% by those in their 50’s
  • 15% by those 60+

So entrepreneurship is clearly not just for young upstarts any longer.  In fact my Dad is the example of this story.  He worked his entire adult life as a corporate businessman.  Within a year of “retiring” in his 50’s he started his first business.  Nearly 14 years later he and it are going strong (too strong if you ask my Mom).  This is more commonly occurring.  You have many older Americans that no longer want to work in the corporate world and/or for someone else and want to do their own thing (and often have the financial means to fund their business).  For some the income is needed, for others it aids a better lifestyle in semi-retirement.  It’s clear that age isn’t an issue when it comes to entrepreneurship. 


Audio Report:


Say it isn't so...  the top millennial investment account is a savings account:


Bottom Line:  The good news…  Millennial’s (18-34 year olds) want to save and do when given a chance.  The bad news…  How they’re doing it.  You likely know that the worst way to save money over the long term is to “put it under a mattress” or the next closest thing…  Put it in a savings account.  Well…  That’s unfortunately the most common “investment” choice.  Here are the findings from Civic Science:


  • 27% Savings account
  • 22% 401k
  • 19% combination of investment tools
  • 13% no savings
  • 8% Safe deposit box
  • 6% Stocks
  • 4% IRA
  • 1% Bonds

So…  Even if you added up the 401k, stock and IRA investment categories and assume 100% stock ownership it still doesn’t equal the savings & safe deposit categories.  Not good.  If this is you or your kids, a financial advisor may be a good idea.  


Audio Report:


The new trend of some of the unemployed - lie on resume:


Bottom Line:  If you lie on a resume how likely are you to be caught?  CareerBuilder has been studying this since 2008 and it’s:


  • 30% of resume lies are caught

What percentage of people are lying on their resumes?  


  • Just under 10% of all applicants are lying

What are the most likely to lie?  


  • The long term unemployed

It’s somewhat understandable that those who’ve been out of work the longest would be those most likely to resort to fudging the resume. It’s worth noting though that while just 30% of lies are caught.  The more involved career oriented positions are the most likely to vet and identify a lie.  And of course if you burn that bridge with a lie, it’s likely not to happen with that employer at any point in the future.  


Audio Report: