A colleague and friend of mine regularly espouses that the United States should have open borders. That sentiment extends not just to the United States, but to all countries of the world. Why you might ask? Is he crazy? No, he is not crazy. He is professor of economics, holds a PhD, is a well-regarded …
Why the Economic Theory of the Free Movement of Labor Doesn’t Work Read More »
Dr. Guido Gianasso, Professor of Leadership at HEC Paris in Qatar, wrote a post on LinkedIn titled “Emma Raducanu and the Illusion of Nations.” In it he notes that the up-and-coming tennis star Emma Raducanu has a Rumanian father, a Chinese mother, was born in Canada, and lived in the UK. As a result, Emma …
In Response to Dr. Guido Gianasso’s Post “Emma Raducanu and the Illusion of Nations” Read More »
Recently the financial website moneygeek.com asked me to comment on mistakes consumers make when managing their personal credit. Below are my responses: What do you see as the most common credit mistakes people make? The most common mistake people make with credit cards is to use those credit cards for non-essential purchases such as clothes, …
Quoted on Moneygeek.com on Biggest Mistakes in Managing Personal Credit Read More »
I already posted a story about attending the Long Beach Home and Backyard Show, and how much I enjoyed it. However, there was an “after show” situation that has really annoyed me. Let me tell you about it. While I was at the show, I stopped by a construction company booth. The company name was …
AAA Green Builders or the Telemarketers from Hell Read More »
At some point in an interview the interviewer may ask you, “Do you have any questions for me?” Here is how you should answer that question. First, DO NOT ask about pay, hours, benefits, vacation, or anything that has to do with your compensation and employment package. My colleague Dr. Norman calls these “me, me, …
What to Say in an Interview When Asked, “Do You Have Any Questions For Me?” Read More »
With the current debate over government spending and government control, I thought it would be useful to revisit a few basic economic concepts. The first one if how wealth is created. Wealth is created by saving more of your income than you spend. Now, in the short term, you can spend more than you make, …
Prosperity – The Direct Result of the Creation of Value and the Accumulation of Wealth Read More »
What is the American Dream, and can it still be achieved? This is an important question. Dan Sheeks, a personal finance expert, explains what he believes to be the American Dream in part influenced by his survey of students. His list of what constitutes the America Dream includes the following: go to college, get a …
Recently I did something that many of you have done – I remortgaged my home. The whole process of getting a mortgage approved to me is crazy, but my critique of that process is for another article. This article is about the closing. After my mortgage was approved, the lender contacted a mobile notary public …
Recently the personal finance site Motley Fool asked me to answer some questions related to choosing a mortgage lender and the effect of interest rate changes on mortgages. Following are my responses. How can homebuyers feel more confident when choosing a mortgage lender? The first thing to understand about home lenders is that many of …
Okay. I screwed up. Normally I am very careful with my bank accounts. I typically check all of my accounts every day to see what the balance is, and to look at any payments that may be scheduled to come out of my bank accounts. I do that for both my personal accounts and my …
13,000% Interest – The Secret to Bank of America’s Profits Read More »
Michael Manahan is an author, financial strategist, consultant, and professor. He has been featured and quoted on the financial websites Yahoo Finance, WalletHub, MoneyGeek and The Motley Fool for his advice on personal finance his work with the Polk Institute, and he is the host of Biz Rap podcast. He is the co-founder of the Polk Institute Foundation. His publications include “The Secrets to Raising Capital,” “The Key to Landing a Job – The Interview” and “The Secrets to Job Success.” Mr. Manahan served as chief financial officer for three publicly traded companies, has started and owned seven small businesses, and as an advisor has worked with more than 150 management teams. As a teacher of finance and accounting at California State University Dominguez Hills, Mr. Manahan is educating the CEOs and CFOs of the future.
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