Why Women Must Become Investors

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 »

Unemployment Rate Jumped to 5.5 Percent

This is the kind of negative news that the general public gets very nervous about reading. It also causes some people to freeze, become immobile, feel like a victim, and bottom line NOT TAKE ACTION to do something for themselves. To reference Trump and Kiyosaki again, they stress that we, as individuals MUST take responsibility for ourselves . In Kiyosaki’s quadrant example he explains why you won’t get rich by "playing it safe" as an employee, or as a self-employed individual because you can’t leverage yourself (and time). He recommends owning a business (current favorite - Network Marketing ), and becoming an active investor .

Here’s some sobering news quoted from an article today on MSN.
"The nation’s unemployment rate jumped to 5.5 percent in May — the biggest monthly rise since 1986.

A trio of crises — housing, credit and financial — have rocked the economy. That’s caused economic growth to slow to a crawl as businesses and consumers have tightened their belts. Spiraling energy costs are another negative force.

“For the average American there is not debate that the economy is in a recession,” said Mark Zandi, chief economist at Moody’s Economy.com. “That’s because their net worth is lower, their purchasing power is lower and it is tough to find a job. If you lose a job, it is tough to get back in,” he said." Go HERE to read more.

What better time than now, to do something for yourself and not rely on others. Find your passion and look for a business to support that. Not only could it be the best financial decision you’ve made in a long time, it could also provide you with the freedom and balance in your life you’ve been looking for as well. What do you have to lose?

I’d love to hear your comments about creating your own opportunities in today’s economy.

Until next time, J.

"Take control of your destiny or someone else will"

Three Types of Investors

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"