September 2nd, 2008 -- Posted in Retirement, Wealth Strategies |
Here’s what is being said about the controversial movie….
On Agora Financials Website
"I.O.U.S.A. boldly examines the rapidly growing national debt and its consequences for the United States and its citizens. As the Baby Boomer generation prepares to retire, will there even be any Social Security benefits left to collect? Burdened with an ever-expanding government and military, increased international competition, overextended entitlement programs, and debts to foreign countries that are becoming impossible to honor, America must mend its spendthrift ways or face an economic disaster of epic proportions." Go to their site to read more…..
Thanks also to Jim Rohners for sharing this site with us for a review of the movie from the Sundance Film Festival.
Please leave a comment about whether this movie has changed your perspective on things 
Until next time, J.
"Take control of your destiny or someone else will"
July 9th, 2008 -- Posted in Carbon Copy Pro, Home Business Ideas, Retirement |
Did you know that surveys reflect that nearly half of the workforce currently thinks their employers and/or government are responsible for their retirement and all the costs associated with it? Wow - is that entitlement mentality or what? This isn’t our grandparents or even our parents generation any longer - where you stay and get the gold watch and pension. More people (75 million to be closer) are looking for alternatives such as owning their own business and working from home.
With life expectancy being longer and about 78 million baby boomers beginning to retire - things are about to change! 20 to 30 years from now there will be twice as many people eligible for Social Security, but many less paying into it. So do you think money will be there when you’re "ready to collect"? It’s only a matter of time before age eligibility is raised; benefits are cut, or both.
Be pro-active and take responsibility for your own financial welfare. Ladies - especially you! Your life expectancy is even longer than men’s. Find your passion and turn it into a business. You can start slow and part time even. Working from home can be incredibly lucrative and allow you to retire in comfort.
Leave a comment about what you plan to do for retiring in comfort , or are you expecting the government to take care of you….
Until next time, J.
"Take control of your destiny or someone else will"
June 24th, 2008 -- Posted in Home Business Ideas, Wealth Strategies |
I came across an article today that resonated with me to the bones, so I thought I’d share an excerpt with you….
Leave a comment with your thoughts about this (male or female)…. I’d love to hear from you
5 Reasons Why You Should Be Rich by Kim Kiyosaki
A young journalist approached me recently and said passionately, “We have to make women aware that they have to continue reading »
May 8th, 2008 -- Posted in Home Business Ideas, Wealth Strategies |
I’ve recently read there are three types of investors:
1. People who don’t invest at all
They may be the ones who feel they’re "entitled" to support from the government, or the companies they’ve worked for. Some might even expect their families to help out. Most certainly, this group has no desire to learn how to take care of themselves and their future.
2. People who invest to not lose
They are generally low risk takers. They want their money safe in CD’s or money market accounts. They might even allow their employers to choose for them where to place their 401K monies. This group usually does some research on their own, but it either intimidates them, or they just have absolutely no interest in managing their own money.
3. People who invest to win
This group doesn’t settle for "safe". They want higher returns and are willing to put forth the effort to learn more about various opportunities and investment vehicles available to them to participate in.
To quote Kiyosaki, "I realized the reason most people invest not to lose is because most people think investing is risky or that investing is gambling. Many also believe that to get higher returns means you have to take on more risk. Nothing could be further from the truth."
The key is to use "leverage", which is difficult to do if you’re an investor like #1 or #2. You need to create an asset base that will grow exponentially. Create multiple streams of income, so combined they work together, even when you’re not. As an "employee" you trade time for dollars and will only be able to earn as much as your hours worked. But leverage "yourself" by becoming a business owner (even part time to begin with), and an investor - and the entire scenario can change.
What would you do if you had more time and money? What is really important to you? I recently explored these questions with one of my clients. He attended a recent company event - had an "AHA" moment, and decided he wanted to be like investor #3. Of course, he heard from some of the best in the industry at that event, and his life will never be the same. Contact me if you’re interested in exploring those questions too…..
Until next time, J.
"Take control of your destiny or someone else will"
