Early in my career, I knew three gentlemen who had a reasonably successful 80-year-old business. But they weren’t content with its growth, so they started to diversify into real estate and didn’t pay attention to their core business. Nine months later, they had to slash their prices to a fraction of what they once were, and ended up selling their business for just 10 cents on the dollar. It’s a really sad story, but it shows how quickly creative destruction can take place in your business if you’re not careful.

Remember the early 1960s, when President Kennedy said we were going to send a man to the moon before the end of the decade and return him safely back to earth? The entire country rallied around that goal and by the end of the 1960s, Kennedy’s dream became a reality. It was a tremendous visionary pull-based goal.

Remember The Twilight Zone with Rod Serling and all those strange and sometimes disturbing episodes? Some of those episodes really made your skin crawl. I think sometimes virtual reality with that big headset on and some of the things you see, and augmented reality, which is a mixture of things, can be confusing and strange as well.

Key Takeaways Like some inventions, financial products that try to do too many things at once often don’t do any of them well. The words

There’s been a lot of questions out there about the Department of Labor and the fiduciary rule, so I want to address what this means and why it’s important.

Are Millennials lazy, entitled, and unloyal? I want to start with some quotes: