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I once knew a man who worked for a major oil company. He managed a large wholesale territory that sold fuel and oil products to airlines and other big accounts. Some years ago, the company decided to pull out of his territory. They offered him the opportunity to buy the wholesale business “for a song,” which he readily accepted. He worked diligently and set specific financial goals for his company. He committed these goals to writing on 3x5 cards and kept them in his shirt pocket so he could frequently review them. Everything he did with that business was aimed at fulfilling these goals.
At age ten, Kent Andersen set his sights on being a doctor. He never once doubted his future in medicine—that is, until he submitted his medical school application. To the shock of friends and family, Andersen decided being a doctor wasn’t what he wanted to spend his life doing after all.
With the exterior complete and the interior finish work picking up pace, the Tanner Building Addition is quickly coming to life.
The retirement question often surrounds how much money you’re making, saving, and spending. It’s all about the time when work ends and, presumably, fun begins. You’ve either been stashing cash away, buying stocks, or even building a family business with the possible goal of selling it and enjoying retirement. Yet once retiree life begins, the financial work doesn’t suddenly end. The question now becomes: How will you make your savings last so you don’t run out of money before you run out of life?
If you think about the decisions you make between the ages of eighteen and thirty, you’ll realize they have a fundamental impact on where your life actually ends up.
Understanding Inflation
Adrenaline pumping, Brandon Barnes, an accounting student from San Antonio, jumped into action as the race car squealed to a stop. As classmates worked to quickly remove a tire, he stood ready with the replacement.
Last year, Kim Clark, then dean of Harvard Business School, talked about how he learned to ride the high country with his father when he was a boy in Southern Utah. He emphasized how being on the tops of the mountains allowed a person to see the broad vistas of life.
THIS IS THE FIRST OF A THREE-PART SERIES FOCUSING ON ECONOMIC SELF-RELIANCE. THE NEXT ARTICLE, IN THE SUMMER 2007 ISSUE, WILL HIGHLIGHT MICROFRANCHISING.
How the Marriott School Gives Future Professors a Head Start
Born in Salt Lake City, young Kay Whitmore spent his teenage years working away from home—at a fish cannery in Alaska, a dude ranch in Arizona, and a slaughterhouse in Utah. Little did those close to him know he would rise to lead Kodak, one of the world’s largest multinational corporations.
If you ask Jesse Crisler what he remembers most from a recent morning news program, you may be surprised. It wasn’t the celebrity guests, popular host, or sports beat. What stands out in his mind is a question the host asked his guest. It went something like this: “In lieu of this situation, what would be your take on the issue?”
When Tyler Craig, a Wichita, Kansas, native, began the Marriott School application process, he hadn’t heard much about the school itself, but he’d heard plenty about its accounting program—and he was nervous.
Lessons from Joseph Smith, Lehi, and the Recent Accounting Scandals
Who’s Putting Their Money Where Their Mouse Is?