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HANGZHOU, CHINA - AUGUST 23: (CHINA OUT) An employee shows a golden panda ingot at a gold store on August 23, 2011 in Hangzhou, Zhejiang Province of China. Gold advanced to an all-time high above $1,910 as investors sought to protect their wealth against financial turmoil amid speculation that the global economy is slowing. (Photo by ChinaFotoPress/Getty Images)
HANGZHOU, CHINA - AUGUST 23: (CHINA OUT) An employee shows a golden panda ingot at a gold store on August 23, 2011 in Hangzhou, Zhejiang Province of China. Gold advanced to an all-time high above $1,910 as investors sought to protect their wealth against financial turmoil amid speculation that the global economy is slowing. (Photo by ChinaFotoPress/Getty Images)
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Tom’s Opinion: The Gold Standard — Still A Bad Idea

As my good friend Mike McCormick says, “I like a currency that’s backed by the US Navy.”

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JUNE 04: Normandy veteran Jack Griffiths, 92, (who was a glider pilot on D-Day) poses for a photograph on board the cross channel ferry leaving Portsmouth, England for Caen, France on June 4, 2013 in the English Channel. Across Normandy several hundred of the surviving veterans of the Normandy campaign are gathering to commemorate the 69th anniversary of the D-Day landings which eventually led to the Allied liberation of France in 1944. Next year, which will mark the 70th anniversary of the landings, is widely expected to be the last time that the veterans will gather in any great number. (Photo by Matt Cardy/Getty Images)
JUNE 04: Normandy veteran Jack Griffiths, 92, (who was a glider pilot on D-Day) poses for a photograph on board the cross channel ferry leaving Portsmouth, England for Caen, France on June 4, 2013 in the English Channel. Across Normandy several hundred of the surviving veterans of the Normandy campaign are gathering to commemorate the 69th anniversary of the D-Day landings which eventually led to the Allied liberation of France in 1944. Next year, which will mark the 70th anniversary of the landings, is widely expected to be the last time that the veterans will gather in any great number. (Photo by Matt Cardy/Getty Images)
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Baby Boomers: A Force for the Future?

Over the next ten years over 10,000 baby boomers will retire each and every day of the year.

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Warren Buffett (Photo by Alex Wong/Getty Images)
Warren Buffett (Photo by Alex Wong/Getty Images)
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Wealth vs. Income

There are many reading this that would consider the accumulation of wealth as greed. I would consider the accumulation of wealth as security.

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New Series 2001 One Dollar Bill Notes
Alex Wong/Getty Images
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Is a Dollar Really Worth a Dollar?

The bottom line is, not what the dollar is worth, but how valuable is what the dollar will buy, worth to you?

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(Photo by Chung Sung-Jun/Getty Images)
(Photo by Chung Sung-Jun/Getty Images)
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Reducing Debt Is Like Getting a Raise

Are you underwater? Spending more than you make? Then every dollar of debt you can retire is the same as getting a raise.

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(Photo by David McNew/Getty Images)
(Photo by David McNew/Getty Images)
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Hydraulic Fracturing: How It Works and Why It’s Safe

Shane and Pat Montalban joined Tom Egelhoff on his Open for Business Radio Show to talk about the Hydraulic Fracturing process used in oil drilling in Montana and South Dakota.

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(Photo by David Rogers/Getty Images)
(Photo by David Rogers/Getty Images)
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Where The Rich Stash Their Cash

The rich don’t become rich by being stupid. Contrary to popular belief most wealthy people were not always wealthy.

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Retail Sales Rise In April, Aided By Falling Gas Prices
Justin Sullivan/Getty Images
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Do You Invest In What You Know and Buy? – Wealth Talk [RADIO SHOW AUDIO]

Today’s Show Celebrates all things Americana.

The stock market is a forward indicator of economic conditions, and many projections are being revised upward.  As you enjoy your Memorial Weekend, remember that many great investment decisions are made simply by observing your own buying behavior

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(Photo by John Moore/Getty Images)
(Photo by John Moore/Getty Images)
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When The Time Comes to Retire Will You Be Ready?

For many people that’s a very tough question. Many people I talk to on Facebook or LinkedIn say they will never be able to survive without a job.

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(L-R) Warren Buffett, Jamie Dimon and Cathy Baron-Tamraz (Photo by Donald Bowers/Getty Images for FORTUNE)
(L-R) Warren Buffett, Jamie Dimon and Cathy Baron-Tamraz (Photo by Donald Bowers/Getty Images for FORTUNE)
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What The Rich Know That You Don’t

Is the gap between the rich and poor getting wider? Or, are more people getting smarter and moving out of the lower and middle classes?

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