• July 7, 2017

    What motivates a financial advisor?

    What motivates a financial advisor or anyone else? Dan Pink provides a great explanation. Hint – it is not always money. In some circumstances, offering incentive pay can DECREASE performance. Maybe brokerage firms do not need to pay commissions and bonuses to get financial advisors to perform at their best.

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  • July 7, 2017

    Charity Scams

    There should be a special place in hell for charity scammers — those people who take advantage of the best in human beings. According to the Federal Trade Commission, impostors “claiming to be with the FTC, or another agency like the fictitious “Consumer Protection Agency,” are calling to inform people they have won a huge sweepstakes from the Make-a-Wish Foundation, a well-known charity for very sick children. To get the money, the callers say, the “winner” must first pay thousands of dollars to cover taxes or insurance on the prize. The call may even come from a 202 (Washington, DC) area code to appear credible — since the headquarters for the FTC and most federal agencies are in DC.” https://www.consumer.ftc.gov/blog/scams-name-charity?utm_source=govdelivery

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  • July 5, 2017

    Want to know if your state has a false claims act?

    Want to know if your state has a false claims act?  Check out the map available at   http://taf.org/states-false-claims-acts Thanks to the Taxpayers Against Fraud Education Fund for publishing this summary.

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  • July 5, 2017

    The more you lie, the easier it gets

    We now have brain research showing how the more you lie, the easier it gets. The researchers (including Professor Dan Ariely) used functional MRI scans to show how self-serving dishonesty increases with repetition. The findings uncover a biological mechanism that supports a ‘slippery slope’: what begins as small acts of dishonesty can escalate into larger transgressions. https://scholars.duke.edu/display/pub1150337    

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