Sometimes I encounter challenges in my Road Warrior travels. Recently, canceled flights moved a group of us toward another form of transportation, reminiscent of the movie Planes, Trains and Automobiles. During the ride between cities, everyone in the vehicle shared their occupation, family information, etc. When it was my turn, I wondered, should I admit I am an economist, or should the line be that I am a traveling serial killer? Well, of course, in the company of strangers, I divulged that I was an economist by occupation. Then the group challenged me to be a one-sentence financial and economic advisor. Here is the advice I shared.
What are your best pieces of financial advice?
Well, this is the end of the journey, as we are pulling in to the Teepee, i.e. Denver international Airport, at 4:45 a.m.
Editor’s note: Dave Kohl, Corn & Soybean Digest trends editor, is an ag economist specializing in business management and ag finance. He recently retired from Virginia Tech, but continues to conduct applied research and travel extensively in the U.S. and Canada, teaching ag and banking seminars and speaking to producer and agribusiness groups. He can be reached at firstname.lastname@example.org.