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Michael Lewis
Michael R. Lewis is a retired corporate executive and entrepreneur. During his 40+ year career, Lewis created and sold ten different companies ranging from oil exploration to healthcare software. He has also been a Registered Investment Adviser with the SEC, a Principal of one of the larger management consulting firms in the country, and a Senior Vice President of the largest not-for-profit health insurer in the United States. Mike's articles on personal investments, business management, and the economy are available on several online publications. He's a father and grandfather, who also writes non-fiction and biographical pieces about growing up in the plains of West Texas - including The Storm.

How to Maximize Social Security Spousal Benefits – Rules & Eligibility

By Michael Lewis

coupleAmericans who pay Social Security taxes for at least 40 quarters of employment are entitled to retirement benefits. The amount you receive depends on the taxes you paid and your number of years of enrollment. In addition, spouses are entitled to Social Security payments, which are equal to one-half the benefit earned by a working spouse.

Many people are entitled to a benefit based upon their own earnings, as well as a spousal benefit based upon their partner’s earnings. However, only one benefit at a time can be claimed.

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Understanding Why Budgets Fail – 8 Steps to Fix a Broken Budget

By Michael Lewis

budgetA Pew poll from March 2015 reports that more than 80% of Americans are concerned about their savings, and seven out of ten worry whether they have enough money to cover their expenses. Yet since 1960, the personal saving rate in the United States has been inconsistent and generally trending downward, ranging from a high of 17.0% in May 1975 to a low of 1.9% in July 2005, according to the U.S. Bureau of Economic Analysis as reported by the Federal Reserve Bank of St. Louis. In April 2015, the rate clawed its way up to 5.6%.

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How to Become a Billionaire – 7 Characteristics of the Rich & Wealthy

By Michael Lewis

billionaireIn 1916, John D. Rockefeller, the father of the petroleum industry, became the world’s first billionaire. Nearly a century later in 2015, there were 536 American billionaires of a total 1,826 billionaires worldwide, according to Forbes. That number may in fact be low – the Wealth-X and UBS Billionaire Census estimates there were 2,325 billionaires globally in 2014, including 609 Americans.

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Country Wisdom & Investing – 6 Old-Time Sayings Relevant to Your Finances

By Michael Lewis

farm in the old westCountry wisdom is the collection of practical experiences gained by generations of pioneers, farmers, and ranchers as America transformed from a vast frontier to the world’s greatest economy. That experience – the result of constant trial and error – was passed from parent to child in plain language that left no room for misinterpretation. Living on a farm or ranch miles from the nearest neighbor meant solving problems on your own, making do with the materials around you, and accepting whatever happened and moving on.

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Do Intelligent Design & Creationism Belong in Public School Science Classes?

By Michael Lewis

classroomThe tension between science and religion has existed for centuries, the former dealing with the natural world and the latter with the supernatural or spiritual world. Many people may be familiar with the story of Galileo and his trial by the Inquisition in 1633. He was forced to recant his belief that the Sun, not Earth, was the center of the universe – that Earth moved around the Sun, and not vice versa, as the Church taught. More people may be familiar with Charles Darwin’s theory of evolution, which has been attacked by religious fundamentalists for more than 150 years.

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How to Find Antiques & Collectibles and Negotiate a Fair Price

By Michael Lewis

shoppingOwning a piece of the past has universal appeal. According to philosopher and antique dealer Leon Rosenstein, it’s the value, uniqueness, and beauty of older items that attracts us, along with their historical and cultural associations. For some, buying and selling tangible pieces of history is a business – for others, it is a calling. Mike Wolfe, one of the stars of the television show “American Pickers,” says that discovering and restoring old relics from the past to their former glory is akin to saving America’s history, one piece at a time.

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How to Create & Host a Webinar – Benefits for Marketing & Customer Service

By Michael Lewis

webinarAs the Internet becomes more and more ubiquitous in the workplace, webinars – or what some refer to as “online seminars” – have become increasingly popular. Educators and marketers have embraced webinars as a forum for spreading their message; sponsors find their effectiveness and long shelf-life appealing; and attendees are learning to take advantage of their low cost and convenience.

If you haven’t introduced webinars into your marketing, customer service, or employee training efforts – whether you’re running a Fortune 500 company or a one-person operation – you may be missing out on a significant opportunity.

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5 Problem Solving Steps – Process & Strategies for Success

By Michael Lewis

problem solvingModern humans are the greatest problem solvers the world has ever seen. While our predecessors developed primitive tools to better live in their environments, humans are the first to develop the mental acuity necessary to transform their living space. As a consequence, we thrive around the world, altering hostile, barren desert lands and freezing climates into hospitable habitats with growing populations.

Of course, problem-solving abilities vary considerably from one individual to another – some of us excel in resolving overarching dilemmas, while others are more adept at making basic day-to-day decisions. Researchers at the Center for Research on Learning and Teaching at the University of Michigan believe that difficulty solving problems tends to stem from the following two issues:

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The Rise of Virtual Financial Robo-Advisors for Your Investments – Types, Pros & Cons

By Michael Lewis

using automated online portfolio management servicesIn the past five years, a new type of financial advisor has emerged to compete with traditional investment advisory firms. Funded by venture capitalists, these new advisors exploit the latest technology to offer competent investment advice in exchange for drastically reduced fees.

Just as technology changed the full-service brokerage industry by lowering transaction costs and enabling online trading, it will also ultimately change the practice of investment advisors by automating portfolio management and investment advice. According to Grant Easterbrook, analyst at Corporate Insight, “These newcomers offer average Americans access to low-cost advice and investment solutions with fewer potential conflicts of interest and greater performance transparency.”

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The Future of Automobiles & Car Technology – Hybrid, Electric & Driverless Cars

By Michael Lewis

photo by Steve LagrecaIn a single century, the introduction of the automobile has spurred massive changes in American culture, the communities in which we live, the environment, the economy, and personal independence. Every aspect of daily life has changed, from the places we live, to the food that we eat.

Automobiles, increasingly available to anyone, have blurred social class distinctions, expanded markets, and stimulated the economy. The industry directly employs more than 2.6 million people and, according to Auto Alliance, accounts for 3% to 3.5% of the nation’s gross domestic product (GDP).

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How to Stop Cyber Bullying and Keep Your Kids Safe Online

By Michael Lewis

online harrassmentWhile constitutionalists and libertarians can argue about the rights of free speech on the Internet, it’s an entirely different matter when you’re the victim of sustained harassment or threats of physical violence. According to a Pew Research poll, 73% of adult Internet users have seen someone harassed online, and 40% have been victims.

Another Pew poll states that one in ten adult Internet users (10% male, 6% female) have been physically threatened or continually harassed for a sustained period. Pew also reports that teens are more likely than adults to experience hostile or cruel behavior online with real-world consequences. More than one-quarter of adult Internet users (29%) report experiences that resulted in face-to-face arguments, physical fights, or got them in trouble at work, and more than half of teenage Internet users (52%) report similar consequences.

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Vaccination Debate: Should Immunizations Be Mandatory for Children?

By Michael Lewis

vaccineChildhood immunizations have been controversial for centuries. To many, the idea that protection or immunity can be gained by deliberate exposure to a disease is counter-intuitive. That unease, coupled with the possibility that a child might have an allergic reaction to a vaccine’s ingredients, is enough to cause many parents to question the wisdom of inoculation.

Anti-vaccination sentiment began early, even prior to Dr. Edward Jenner’s creation of the first smallpox vaccine in 1796. In Boston in 1721, Reverend Edmund Massey published a paper titled “The Dangerous and Sinful Practice of Inoculation,” which argued that diseases were sent by God to punish evildoers and that attempts to prevent them, therefore, were sinful.

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How to Write and Update a Will – The Process You Need to Know

By Michael Lewis

willWhile you can’t take your property with you when you die, you can direct how your assets will be distributed by making a will. Unfortunately, some people never get around to the task, and instead die “intestate” – a legal term dictating how all property greater than the sum of your enforceable debts and funeral expenses, in the absence of a will, is distributed. Surprisingly, almost half of all adults die without a will, according to a 2012 Rocket Lawyer survey. In such cases, state law determines who gets what – including custody of minor children.

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How to Prepare to Sell Your Company or Business – Seller Objectivity & Buyer Mindset

By Michael Lewis

selling a businessNew job applicants get haircuts, shine their shoes, and practice their interview skills while preparing to hopefully land a position. Those seeking to sell a home often repaint inside and out, primp the landscaping, and clean from top to bottom before hosting an open house.

And a business owner who hopes to receive a fair price for his or her company would be wise to engage in such “dressing up” activities as well. While it may go without saying, putting your best foot forward is always the best strategy to maximize the value of any sale.

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7 Questions to Ask Before Selling Your Business – Steps to Take

By Michael Lewis

selling a businessEach year, thousands of small businesses change hands. Some owners decide to retire, others need new capital to exploit market opportunities, and some businesses fail and are liquidated.

According to the BizBuySell.com Fourth Quarter 2014 Insight Report, 7,494 small businesses traded hands during 2014, the largest number of transactions since BizBuySell starting tracking sales data in 2007. While higher than previous years, there are approximately 45,000 small businesses – ranging from restaurants and retail stores, to service and manufacturing companies – available for purchase at any given time.

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