These big blunders will leave you in a cash crunch. But money management doesn't have to be difficult

hen Susan Rohac assesses the creditworthiness of a prospective corporate borrower, it’s not uncommon for her to see an unpaid bill or two from four months ago. It’s usually from an untidy payable account. But not always. This time it was a 120-day-old receivable and the client on the hook was the owner’s friend.

“Oh, I know him very well,” the entrepreneur told Rohac, the senior vice president of financing and consulting at BDC in Ontario. “He’s going to pay.”

In our discussion on the basics of building an angel portfolio, we shared our thinking on some key questions related to how many investments you need in your portfolio of startup companies. That leads next to a great discussion -- “How much money are we talking about allocating to angel investing?”.   

Since Ham is the finance guy at Launchpad (he was a Computer Scientist and I was an English major, so I let him do the math), it’s my turn to ask the questions.

Why the best tools to help you achieve your objectives might be a pen and paper

Remember when Oprah wanted everyone to read The Secret, the 2006 self-help book that extolled the power of positive thinking? And how everyone imagined they already owned six convertibles and a closet full of Manolo Blahniks and it magically just came true? Yep, still total bunk.

TORONTO, ONTARIO--(Marketwired - Jul 20, 2015) - Mettrum Health Corp. ("Mettrum" or the "Company") TSX VENTURE:MT)(TSX VENTURE:MT.WT), a vertically integrated agri-pharmaceutical company focused on research, development, production and distribution of medical cannabis products, is pleased to announce that Health Canada has approved the amendment to increase production capacity from 12 to 45 rooms at its Agripharm ("Mettrum Creemore") facility, representing an increase in production capacity of nearly 300%, effective immediately.

The LSU and Southern University Agricultural Centers have been granted first crack at being the sole growers and producers of medical marijuana in Louisiana.

Under a new law the Legislature approved earlier this year, the AgCenters were granted the first right of refusal to hold a state-sanctioned monopoly on production of legal medical marijuana. The monopoly would go by public bid to a single provider if the universities refuse.

People who lost their homes when a tornado roared through their central Illinois town last week received help from a new neighbor: the top executive of a medical marijuana-growing company.

Delavan Mayor Liz Skinner said Sunday that Revolution Enterprises CEO Tim McGraw is paying for hotel rooms for residents displaced by Thursday night's tornado.

More than 50 homes were damaged as the tornado, which reached wind speeds of 120 mph, tore a 1-mile path through the community of 1,700 residents. "Nine homes were declared uninhabitable," Skinner said.

MURFREESBORO – Farmers from across Tennessee gathered Friday afternoon in Murfreesboro to learn about the ins and outs of growing industrial hemp.

A capacity crowd squeezed into a conference room at the Embassy Suites to hear speakers discuss the budding industry.

One farmer, Christian Grantham of Woodbury, explained he became a licensed hemp farmer, so he can help future hemp farmers by experimenting with varieties and conditions.

“I’m here to learn what we can do legally and what we can produce,” Grantham said about growing about an acre of Canda hemp on his Cannon County farm.

It’s not often that I support new legislation in Washington.

Truth is, I’d rather see less new legislation and more gutting of current legislation.

But that’s a philosophical issue that serves few purposes on these pages.

Instead, I want to tell you about a piece of legislation that was just introduced by a bipartisan group of senators. Because if this particular piece of legislation were to ultimately make it to Obama’s desk — and he signs it into law — we could see two wonderful things happen…

First, a huge score for liberty, and second, a huge opportunity to make a boatload of cash.

The Schedule 1 Blues

Using sunlight instead of electric lights could cut the price of pot in half.

It's scientifically proven that marijuana increases users' consumption of (or at least desire for) junk food.

On the supply side, pot cultivation also increases consumption—of electricity. Growing pot indoors requires power-sucking lights and climate-control systems. In Denver, almost half of the city's year-over-year increase in electricity use has come from its hundreds of new indoor pot farms.