About · Press · Contact · Write For Us · Top Personal Finance Blogs
Featured In:
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.

Are Annuities a Good Investment? – 7 Things to Consider

By Michael Lewis

annuitySome financial advisors assert that annuities are expensive, contrived insurance/investment combinations promoted by brokers who, according to The Motley Fool, “are getting rich with big commissions.” The site continues to bluntly state that “investors can generally do far better for themselves elsewhere.”

Suze Orman, financial advisor and television host, says that “not very many of us should be investing in annuities at all,” and that “there are reasons why they sometimes make sense, but there are even more reasons why they mostly do not.” However, even the most critical do recognize that annuities provide real benefits for some investors with unique needs.

Click to continue reading...

Are American Schools Failing? – How to Improve the U.S. Education System

By Michael Lewis

students classroomA headline in the December 2013 issue of The Atlantic claimed that American schools compared to the rest of the world – the members of the Organization for Economic Co-operation and Development (OECD) – were “expensive, unequal, bad at math.” Their conclusion was based upon American student performance in the Programme for International Student Assessment in 2012. Far East countries such as China, Korea, and Japan were top performers, while most European and Scandinavian countries ranked higher than the U.S. as well. Even the country’s former Cold War competitor, the Russian Federation, ranked higher than the United States in the assessment.

Click to continue reading...

6 Stock Market Investing Tips & Guide for Beginners – Checklist

By Michael Lewis

stock market chartBernard Baruch, known as “The Lone Wolf of Wall Street,” owned his own seat on the New York Stock Exchange by age 30 and became of the country’s best known financiers by 1910. Mr. Baruch, while a master of his profession, had no illusions about the difficulties of successful stock market investing, saying, “The main purpose of the stock market is to make fools of as many men as possible.” According to Ken Little, author of 15 books on investing and personal finance topics, “If you are an individual investor in the stock market, you should know that the system stacks the deck in its favor.”

Click to continue reading...

What Is Nanotechnology – Examples, Future Applications & Risks

By Michael Lewis

nanotechnologyIn 1959, physicist Richard Feynman predicted a future in which scientists would, by manipulating atoms and molecules, be able to build materials and structures of higher strength, lighter weight, increased control of the light spectrum, and greater chemical reactivity.

Everything of a physical nature – human beings, plants, minerals, air – is composed of combinations of atoms and molecules bound together either by shape or electronic charge. Manipulating atoms on a nano-scale would theoretically allow humans to reproduce everything from diamonds to food.

Click to continue reading...

What Is Your Investment Risk Tolerance – Definition & Questionnaire

By Michael Lewis

risk toleranceThe consequences of “financial risk” became apparent to many investors during the a two-year period from 2007 to 2009. The stock market (as measured by the Standard & Poor 500) plummeted from 1562.47 on October 10, 2007 to 752.44 on November 20, 2009. As a consequence, more than one-half of the retirement savings of many people were lost.

Many investors had saved money for years in order to enjoy a comfortable retirement – but as a result of the decline in stock values in that two-year period, workers were forced to delay retirement or accept a significant decrease in their expected standard of living. The S&P 500 did not regain its previous high level until the first week of April 2013.

Click to continue reading...

How to Find & Choose a Financial Advisor – 7 Things to Consider

By Michael Lewis

financial advisorChoosing a financial advisor is one of the more difficult tasks that a person will make. If the choice is made correctly, the benefits are incalculable. But if the choice proves to be wrong, the results can be disastrous for you and your family.

The following tips are intended to help you identify, evaluate, and choose a financial advisor that is familiar with the problems you face as an investor and can help you achieve your financial goals. With his or her knowledge of your personality and risk profile, your advisor can guide you safely through the morass of choices to those most likely to lead to success.

Click to continue reading...

6 Best Low-Risk Investments as You Near Retirement

By Michael Lewis

retirementWith age comes wisdom – or, at least, so those of us who are approaching the age of retirement hope. For many people, wisdom includes the recognition that prices of assets can go down as well as up, especially in the short-term. In addition, experience shows that markets do not always reflect underlying values, driven in the short-term more by emotion and psychology than by logic. History is full of companies who have gone public and enjoyed soaring stock prices, only to go bankrupt in the harsh light of economic reality.

Click to continue reading...

12 Ways to Volunteer Your Time and Give Back to the Community

By Michael Lewis

volunteering at a hospitalDo you feel a personal responsibility to help others? Randy Lewis, author of “No Greatness Without Goodness,” claims that all people, including businesses, have the responsibility to make the world a better place. In his case, he spearheaded a Walgreens initiative to hire the disabled. In the five years following his initiative, similar programs were sparked across America and Europe.

In June 2014, Starbucks, the ubiquitous coffee cafe, announced a free online college program through Arizona State University for any employee working 20 or more hours per week. Duncan Campbell, an Oregon entrepreneur, started Friends of the Children to provide emotional and educational support to at-risk children, starting with kids in kindergarten and progressing with them through college. Of the kids involved, 83% graduate high school and 93% avoid juvenile hall for breaking the law.

Click to continue reading...

3 Benefits of Downsizing Your Life and Living Lean

By Michael Lewis

live leanAmericans born after World War II have grown up in a culture that seems to promise them everything. The greatest economy in history was built, in part, by creating an insatiable demand for “more.” Unfortunately, however, its consequences can be measured in part by an unmanageable national debt, the approaching scarcity of many natural resources, increasing class conflict, and the high degree of stress and unhappiness of society at large.

Many retirees, as well as those who hope to retire within the next decade, are discovering that their resources may not be able to provide the lifestyle they’d anticipated. For some, there is little alternative except to severely cut back expenditures and lower expectations. For those who have not yet reached those years, there is another option: living lean.

Click to continue reading...

Is Dental Insurance Worth It? – Affordable Plans, Types & Alternatives

By Michael Lewis

dental insuranceParents spend thousands of dollars on orthodontics to ensure their children have what’s arguably the clearest physical indication of prosperity: a straight, white smile. George Washington was certainly prosperous, but he also endured the agony of poorly fitted wooden dentures for much of his life. And James Brown, the Godfather of Soul, claimed that if a man had his hair and teeth, he had it all.

It’s not surprising then that an entire industry is devoted to keeping our teeth healthy, clean, and attractive. Aside from a big boost in self-confidence, the condition of your teeth plays a major role in your overall health. As with many things, many people are willing to pay for those benefits. But is purchasing dental insurance the best way to go about doing it?

Click to continue reading...

How Technology Is Effecting Society and Ushering In a New Era of Manufacturing

By Michael Lewis

technologyTechnology has been both a boon and a curse throughout history, upsetting the apple cart of the established order with new opportunities for some and great losses for others.

Consider the impact of the automobile, first on the horse and buggy industries, then on railroads. Television almost destroyed the movie business until the more creative people adapted. eBooks currently threaten longstanding bookstores and traditional publishers. The pace of technological advance has accelerated during the last half-century, challenging cultures, societies, and individuals to adapt to the new environment.

Click to continue reading...

How to Choose the Best Investments for Your 401k Plan

By Michael Lewis

investment planningEmployer-sponsored 401k plans are one of the best benefits available to employees. Because the money you contribute is deducted from your gross income before taxes are incurred, you’re not taxed on the money you put in. The principal within the fund continues to grow on a tax-deferred basis until you receive distributions, and many employers contribute extra funds to your contribution, what some term “free money.”

Click to continue reading...

6 Tips to Start a Business Overseas in a Foreign Country Outside the US

By Michael Lewis

starting business in foreign countryStarting a business in another country can be financially and emotionally rewarding if you do your homework, have realistic expectations for success, and avoid or compensate for the potential obstacles that inevitably accompany a new venture. All new businesses are inherently risky. In the United States, perhaps one of the most friendly climes in the world for entrepreneurship, almost one-half of new business operations fail by the end of the fourth year, and one in four fail by the end of the first year.

Click to continue reading...

“United States of Texas” – What America Would Be Like Under Conservative Tea Party Influence

By Michael Lewis

texasFew people are aware that, in 2008, Igor Panarin, dean of the Russian Foreign Ministry’s academy for future diplomats, predicted that the United States would break into four separate countries in 2010.

He believed that the national and regional effects of the recent recession, and the people’s dissatisfaction with the status quo and the Federal Government, would result in the creation of five distinct, autonomous, political regions.

Panarin divided the U.S. into these new republics:

Click to continue reading...

  • Californian Republic. Idaho, Utah, Arizona, and all continental states west of them. Panarin predicted this group would fall under Chinese influence.

How to Maintain Civil Discourse – Understanding Political Division

By Michael Lewis

argument“Let your conversation be without malice or envy, for it is a sign of a tractable and commendable nature: and in all causes of passion admit reason to govern,” thus proclaimed George Washington in his “Rules of Civility & Decent Behaviour in Company and Conversation,” written sometime before the age of 16. In the heated, often rancorous season of political contest, we Americans often forget that our fellow citizens are more similar to each other than dissimilar, our goals and ambitions more analogous than antagonistic. As a consequence, our public and private discourse has become intensely personal, focused on differences rather than consonance, so that friend, family, and work relationships are frequently in peril.

Click to continue reading...

The content on MoneyCrashers.com is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors.

Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which MoneyCrashers.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, U.S. Bank, and Barclaycard, among others.