Woods Financial Blog

A ‘Rising Tide’ Lifts Women

September 11, 2018

There’s an old saying: A rising tide lifts all boats. Applied to the economy, this means that general improvements could benefit all participants within the economy. The same appears to be true for women.1 As the U.S. economy continues to grow, there is an influx of money available for small business startups. This is great…

All About Bots

September 4, 2018

Even if you aren’t familiar with bots, you’ve likely come into contact with many of these forms of artificial intelligence, or AI. Bots are applications that perform automated tasks such as setting alarms, relaying weather forecasts or conducting online search for travel deals. Many smart phones come equipped with personal-service bots, such as the iPhone’s…

The Future of Transportation

August 28, 2018

China appears to be leading the charge in the future of transportation infrastructure — but it’s happening today. The government has constructed a test section of solar-panel comprised road, mapping sensors and electric-battery rechargers to create an “intelligent highway.” The design enables on-the-go recharging of electric-vehicle batteries as well for traffic updates and accurate mapping.…

Food for Health

August 21, 2018

We love our bacon. In recent years, this pork delicacy has seen a resurgence in popularity alongside new ways to enhance recipes ranging from bacon-infused macaroni and cheese1 to the not-quite traditional bacon-wrapped holiday turkey.2 But just because something is popular doesn’t mean it’s good for you. According to the World Cancer Research Fund, one…

Job Trends

August 14, 2018

For decades, young people were told college was the surest route to financial success as an adult. Get a degree, get a good job. However, this formula seems to be broken. During the recession, jobs for recent college graduates were scarce, causing many to continue their higher education and sink deeper into student loan debt.…

Long-Term Care Update

August 7, 2018

Long-term care continues to be a challenging issue in the U.S. It appears the second wave of baby boomers is even more determined to “age at home,” while at the same time, they are more likely to suffer from multiple chronic conditions, such as heart disease and diabetes.1 This confluence of factors makes it all…

Various Types of “Economies”

July 31, 2018

As recently as five years ago, few people had heard of emerging businesses like Airbnb and Uber that allow proprietors to share their personal residences and cars to generate income. This business model is now commonly referred to as the “sharing economy.” 1 However, just as capitalism morphs, so does the concept of sharing. For…

Family Business Considerations

July 24, 2018

  Family businesses that manage to survive generation after generation leave not only a family legacy, but also the potential for tremendous wealth. For example, Arkansas-based Walmart is presently the largest business in the world in terms of revenue, earning more than $485 billion in 2017. In 1992, founder Sam Walton passed away and left…

The Psychology of Economics

July 17, 2018

  Countries with a longstanding track record of economic stability and security tend to have the happiest citizens, reports journalist Dan Buettner, who has studied what makes people happy. Education and health care are two primary reasons why, combining to create an upwardly mobile lifecycle.1 Mothers with higher education levels tend to have fewer children,…

For Some Retirees, Home is Where the Debt is

July 10, 2018

Today’s pre-retirees and retirees tend to have far more debt than those in years past. In addition to factors like credit card payments and medical expenses, this generation is seeing the effects of higher home prices and easily obtained low down-payment mortgages in the early 2000s.1 Between 2003 and 2016, Americans 60 and older nearly…