Words of Wisdom – “What Would Michael Say?”

Don’t Get Whipsawed

Posted by on Aug 22, 2017 in blog | Comments Off on Don’t Get Whipsawed

By Fritz Schafer, with contributions by Chris Schafer. August, 2017.   The definition of whipsawed, as Michael used it, is:  To be defeated in two ways at once. Something like being whipsawed happened to me this summer when I attempted to run a very difficult 16 mile loop on trails at Great Seal State park.  I love to run on the trails and I felt that I had the stamina to make it, but after 11 miles I was totally wiped out.  I continued to run, and that is when I tripped and met the trail up close and personal.  I landed so hard...

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Shoulda Woulda Coulda

Posted by on Jun 30, 2017 in blog | Comments Off on Shoulda Woulda Coulda

By Fritz Schafer, with contributions by Chris Schafer. June 29, 2017.   Michael would say this sometimes when someone was bemoaning that they did not begin doing something years ago.  The expression is meant to say it is no use talking about it now, the chance has passed. A funny thing that happens about a week before a marathon is a tendency to start doubting your training as the race closes in.  This is especially true if you are trying to achieve a specific goal.  It also may happen if you recently struggled with a practice run...

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Everything In Moderation

Posted by on Jun 6, 2017 in blog | Comments Off on Everything In Moderation

By Fritz Schafer, with contributions by Chris Schafer. May 31, 2017. I recently read an article on Ohio State’s quarterback, JT Barrett, and how he is a natural pre-game motivator.  Even as a redshirt freshmen, he had the ability to stand up in front of his team and whip up their emotions into such a frenzy, that he often needs to put on headphones afterwards so he can calm himself down before kickoff.  I can’t imagine him looking into his teammates eyes and saying, “hey guys, just remember, ‘everything in moderation.’”  But...

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Don’t Ask Don’t Get

Posted by on Apr 19, 2017 in blog | Comments Off on Don’t Ask Don’t Get

By Fritz Schafer, with contributions by Chris Schafer. January 5, 2017.   “Don’t Ask, Don’t Get” – This was one of Michael’s favorite sayings.  What did he mean by this? Michael had a way of finding out what exactly he could get that was above and beyond the norm.  One fun example is when he went to a restaurant he would normally be able to substitute a side that he wanted for the one that was on the menu.  But there are several much more important examples with clients, here are a couple: We recently recommended...

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Would You Ever Consider Betting Against Yourself?

Posted by on Mar 31, 2017 in blog | Comments Off on Would You Ever Consider Betting Against Yourself?

By Fritz Schafer, with contributions by Chris Schafer. March 25, 2017.   When you sign up for a most marathons you have the option of taking out race insurance.  Basically, if you get injured or have health issues and you can’t run, then the race will refund your money or put it towards a future race.  I never take this option, as I look at it as betting against myself.  Also, if I end up not running, I take solace that the proceeds from these events go to good causes. Anyone who has spent time in Cincinnati knows all about Pete...

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Don’t Kill the Goose That Lays the Golden Egg

Posted by on Jan 18, 2017 in blog | Comments Off on Don’t Kill the Goose That Lays the Golden Egg

By Fritz Schafer, with contributions by Chris Schafer   “Don’t kill the goose that lays the golden egg!”   The first time I heard my mentor, Michael Brooke, say this to a client I was wondering what he meant.  He explained that he was advising a retired couple who wanted to give quite a bit of their retirement nest egg to their children.  Michael was explaining to them that although it seems that they have enough money now to last forever, if they withdrew more from their account than their financial plan called for, they...

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Introducing Words of Wisdom

Posted by on Jan 5, 2017 in blog | Comments Off on Introducing Words of Wisdom

By Fritz Schafer, with contributions by Chris Schafer. January 5, 2017. At Brooke & Schafer, we have made the commitment to begin and maintain a BLOG on our website.  For this first entry, we will try to outline what we hope to accomplish with this endeavor.   The focus of the blog is to help you with your financial well-being.   We hope to deliver to the readers sage words of wisdom, as well as timely updates and news regarding all things financial, in an entertaining interesting manner.   We will coordinate this from time to...

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