As the first post in a series of several financial recommendations…
So How Much Cash Reserve Do You Need For An Emergency or Opportunity?
In personal finance, cash reserves are primarily short-term, highly liquid investments that earn a low rate of return that individuals want to have quick access to…for purposes of meeting short-term, emergency or opportunity funding needs. We will discuss how much is recommended, how to create your cash reserve, where it should be kept and why it is so very important to your financial well-being!
In times of crisis, you don’t want to be shaking pennies out of a piggy bank. Having a financial safety net in place can ensure that you’re protected when a financial emergency arises. One way to accomplish this is by setting up a cash reserve, a pool of readily available funds that can help you meet emergency or highly urgent short-term needs.
In my humble opinion, Cash Reserves are the cornerstone of the process of effective comprehensive financial planning. In order to know how much money you should allocate on a consistent savings plan for your cash reserve, it is necessary that you develop a budget which includes all of your income, expenses, payments, insurances, mortgage, fees…really everything that represents money incoming and outgoing…and then you will know what you will need per month so as to then calculate how you can save for your cash reserve. If your net outgo is $4000 per month then in order to save a cash reserve equivalent to six months of your living costs, then you will need a cash reserve of $24,000 to equal a six month cash reserve. Now that you know how much you need you can make determinations as to where that money will need to come from. A qualified financial advisor can be very helpful in achieving this.
Now I would like to again come back to my goal of establishing some good two-way communications between you and me. Recently I asked that you give me some feedback in the “Leave A Reply” section at the bottom of the page. I continue that request however let me give you a survey to choose from about those things that you may or may not like so that I can get an idea of what you enjoy most. If you would please select from the list below one or more of the topics that you like to read about and type each into the “Leave A Reply” box that would be very good…thank you in advance! Here are the topics….
Farewell to “JOBS”…Are You Ready To Market Yourself?
Do you believe that our entire economic job market is changing?
And there is good reason to recognize the reality and consider your options of how you could market yourself. The article below gives an excellent assessment of the current employment opportunity situation in the U.S. with both a short and long-term view. For those ready to face today’s real situation and the facts that there are no signs of it changing at least for the next three years, I am sharing many solutions with you in these posts that could be vital to your well-being, both now and in the future.
On 8/4 I posted “Blogging For My Readers” which is a sincere request for feedback from any of the 500 or so readers that visit this blog every day, thank you again, and look at an average 9 pages each, and stay an average of more than 20 minutes each…these are averages of course and not by everyone. As I state in the post above, I need to understand who my readers are, what you like to read, what you don’t like to read, what you want to read more about, and hopefully to begin some kind of dialogue with you that can benefit us all. A ship without a rudder will not get me where I want this Blog to go.
For this reason, I sincerely ask you to stop and say something in the “Leave A Reply” box at the bottom of the page. Even if you say any of the following…”I like the blog, I don’t like the blog, I just come here to kill time, I am too shy to say anything, my opinion does not count, why don’t you write about xxx, you have too many advertisements, it takes too long to read your posts, you have too many posts, you don’t have enough posts, this information is not important to me”… any constructive comment that you leave for me will be appreciated. I truly believe that very nice, interested people come here and read this blog and posts…and I am asking you to make the effort a 2-way street…if you like what you read great…and if not let me know please. I am not sure how else to ask you to give me your feedback…other than to say…call me on 407-951-7132 or email me on email@example.com.
By Dave Maney, an entrepreneur and former journalist
Given all the attention it’s getting in Washington, D.C., millions of Americans are no doubt wondering when our economy’s job-creation machine will crank up again. Brace yourself: It isn’t likely to happen — not in the way it worked before. In fact, the economic laws that undergird the system of jobs and employment as we have known them are wobbling from the torrents of information flowing through businesses from the Internet and related information processing technologies. We’re experiencing a Great Scouring Out, as we move through a painful streamlining and restructuring of our entire economy. Sounds awful, doesn’t it? But it’s not, at least in the long term. The demand for work isn’t going away, even though millions of jobs have. The economy, more efficient than ever, will catch the wind again, providing well- equipped Americans with bountiful opportunities to make a good living.
Chris Guillebeau is a writer, entrepreneur, and traveler. His latest book, The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future, is now a New York Times bestseller. During a lifetime of self-employment and ventures ranging from online publishing to volunteer work in West Africa, he has visited nearly every country on earth before the age of 35.
The biggest political problem faced by so-called “liberals” and so-called “progressives” in President Obama’s second term is how to prevent voters from holding them politically responsible as the public comes to realize how badly they were lied to during the first Obama term to win passage of Obamacare.
Naturally, many young entrepreneurs are fueled by ample helpings of passion and enthusiasm. But you know what they say about too much of a good thing, right?
While zeal will serve you immensely in multiple business arenas, too much enthusiasm can, among other things, sabotage a sales meeting in a blink. Here are four reasons why excitement is the enemy of sales success — and what you can do to channel your passion in a way that leads to better results:
If you would like to listen to “America The Beautiful” by Ray Charles while you read this post go to the bottom of the page and start it now….
I wonder how many Americans would start a new business today if they had 1) the money to start it and 2) they thought they have a good chance that they could succeed and 3) they could do it full-time or part-time while doing their present work?
Would it be important to you if I could help you solve these challenges? At no cost to you?
Would you? If you are one of those…here is a solution for you…
If you would go to my media sites at…
Google+ “Road To Financial Independence” and “Great Recommendations Now”
Facebook “Road To Financial Independence” and “Dan Norris in Longwood, FL”
LinkedIn Dan Norris
Twitter “@dannorris42” and “your_law” and “your_attorneys”
and let me know if you would like to start your business and you are wondering how to solve any of the (3) questions above.
Why would you do that? Well it could be that I could help you to start your business. How can I do that? By sharing how to solve each of these challenges! If you have questions about my qualifications I invite you to read information under the “About Dan” tab on this blog. And yes, there is no charge for this assistance for you! My assistance is free!
Dan, why will you help me to start a business for free? And here is my answer…First I know that building a trusting relationship with you will fill a void that you probably now have. You know a lot of people but very few who are truly qualified to help you do what you want to do. And more often than not you are not sure you can trust them.
The reasons for me that I will help are that you come to my blog and posts and you read my information and ever so often a few of you decide that the services and products that I have to offer in the ads on the side and bottom of each post are valuable to them. Really! Yes, Some of my readers actually like the value of what I offer on this site, and because they enjoy the free information and advice that I give, they return the favor by taking advantage of my products and services by ordering them online. This is the way I receive payment for my services. Zig Ziglar taught me some things…
Zig Ziglar- Memorial Video ( Some of Zig’s most Powerful )
As you think about starting your own business you will have many questions…which is great…I can be one of your professional staff to contact so that you can pick up the phone and say…Hey Dan…can you help me with this question? and I will say…if I can’t then most likely I will know who to refer you to so that you can get your answer at no cost…or to refer you to qualified professionals who will have a free consultation with you and let you know if any costs may be involved and what they are so that you can decide if you want those services.
The point is here to help you move forward so that you can be a real entrepreneur and take that giant leap to start your own business! This is the American Way my friend. More than 99% of the businesses in America are “small businesses” with less than 500 employees….and more than 50% of Americans (120 million individuals) work in a small business!
It would be a real pleasure and opportunity to help you start your business! Just contact me at any of the media addresses above or call me on 407-749-9395.
Just get started on your own Road To Financial Independence plan today!
No matter what responsibility we have in life we are expected to make good decisions. Our ability to make good, sound decisions is extremely important to the success of whatever activities in which we are involved.
Procrastination, Rationalization and Critical Thinking In Decision Making
To my surprise, with more than (200) posts that I have written for this Blog, the most popular topics read are those related to the subject of “Decision Making” and “Critical Thinking”. I commend my readers for strong interests in these very important topics that truly affect our lives.
Just think of all of the important decisions that we have to make today and soon that will change the course of our lives, that of our family and businesses, and this country! I can think of several decisions that are highly important in all time frames. Are we equipped and trained to make good decisions or are we just emotionally and ideologically linked to disastrous paths? The great influencers of my life always said…you are a product of your choices…and this turns out to be so true. If we allow people to manipulate our choices then we will probably suffer tremendously. So what else do we need to understand and how can we improve our critical thinking and decision-making process? Here are some more related options and influences that affect our lives…
Procrastination is the practice of carrying out less urgent tasks in preference to more urgent ones, or doing more pleasurable things in place of less pleasurable ones, and thus putting off impending tasks to a later time. According to Freud, the pleasure principle may be responsible for procrastination; one may prefer to avoid negative emotions, and to delay stressful tasks. The belief that one works best under pressure provides an additional incentive to postponement of tasks. Some psychologists cite such behavior as a mechanism for coping with the anxiety associated with starting or completing any task or decision. Other psychologists indicate that anxiety is just as likely to get people to start working early as late and the focus should be impulsiveness. That is, anxiety will cause people to delay only if they are impulsive.
In psychology and logic, rationalization (also known as making excuses) is a defense mechanism in which perceived controversial behaviors or feelings are logically justified and explained in a rational or logical manner in order to avoid any true explanation, and are made consciously tolerable – or even admirable and superior – by plausible means. Rationalization encourages irrational or unacceptable behavior, motives, or feelings and often involves ad hoc hypothesizing. This process ranges from fully conscious (e.g. to present an external defense against ridicule from others) to mostly subconscious (e.g. to create a block against internal feelings of guilt).
Critical thinking is a way of deciding whether a claim is true or false. Critical thinking is a process that leads to skills that can be learned, mastered and used. Critical thinking is a tool by which one can come about reasoned conclusions based on a reasoned process. This process incorporates passion and creativity, but guides it with discipline, practicality and common sense. It can be traced in the West to ancient Greece with its Socratic method and in the East to ancient India with the Buddhist Kalama sutta and abhidharma literature. Critical thinking is an important component of many fields such as education, politics, business, science and the arts.
Decision making can be regarded as the cognitive process resulting in the selection of a course of action among several alternative scenarios. Every decision-making process produces a final choice. The output can be an action or an opinion of choice.
Human performance in decision terms has been the subject of active research from several perspectives.
From a psychological perspective, it is necessary to examine individual decisions in the context of a set of needs, preferences an individual has and values they seek.
From a cognitive perspective, the decision-making process must be regarded as a continuous process integrated in the interaction with the environment.
Suggestion: Listen to ” America The Beautiful” by Ray Charles while you read this…start video at bottom of page.
This post tonight is about a critical subject being decided upon during the month of September…
Is ObamaCare Good For You And Your Business?
This country is attempting to implement an original 2700 page Bill that was never read nor debated in the House or the Senate nor read by the President. This was a political concept which was never properly discussed or debated.
Can you imagine the Constitution of the United States being passed in such a careless manner? Is this how a great country is supposed to represent it’s people? Is this how we express our exceptionalism? It used to be my friend…
Or does Washington know best for everyone…and we do not dare question their opinions, beliefs, or decisions??? Are we to be led by an ideological party and narcissistic leader to “total transformation of our country” like cattle to slaughter?
Sorry my friend, this is not the way that I do business, either personally, politically, or spiritually!
Only Democrats voted for the Bill. No Republicans voted for the Bill. This is extreme proof that this is a partisan Bill. The day before passing the Bill the Speaker of the House Nancy Pelosi when asked what was in the Bill said…”We have to pass this Bill so that we can find out what is in it.”
This is the President’s signature presidential accomplishment and his first priority for the country was to get this Bill passed. The employment issues and economic issues took a back seat to ObamaCare. Obviously he wants to preserve the Bill at all costs, especially since it would be a serious threat to his presidency.
The reasons for the Bill are clearly political as the major purposes are to take resources from some people and provide those same resources to other people with government controlling the collection and redistribution. And the government gives a 30-40% haircut for the process of redistribution. Even with the planned implementation we will continue to have 30 million people uninsured…which was supposedly the reason for the bill to start. This is decisively a wealth redistribution bill which gives the government much more control over our personal information, our lives, our money, and our freedoms.
When the ObamaCare Bill was taken to the Supreme Court, it was declared legal only as a “tax” by one vote by the Chief Justice of the Supreme Court. This was a very creative decision that none of the other justices even considered, which to me makes it suspect.
This Bill takes away from our independence and freedoms. This Bill is a precursor to what the Democrats really want which is a single payer insurance system, non-competitive across states or between companies, and totally controlled by the Federal Government. This would put the government in control of your health, your information and your livelihood. This would be a total destruction of what has been the greatest medical system in the world.
60%-70% of the American population today say they do not like what they know about ObamaCare.
CBO estimates of ObamaCare were $940 billion. CBO now estimates costs to be double at $1.8 Trillion.
Many, many organizations have been given waivers out of ObamaCare including the Government, and the Unions are asking for their waiver. Thousands of waivers have been granted…all favoritism to obtain votes.
Insurance costs were not supposed to increase. Since approval of the Bill insurance costs have increased 25% to 100% across the country. Insurers are withdrawing from states as they cannot maintain profitability.
Many doctors are withdrawing from the medical profession as they can no longer be profitable or practice medicine according to their ethical oaths. This will cause a decrease in the quality of medicine and increase costs even more.
The Federal Government is spending hundreds of millions of tax dollars on advertisement promoting ObamaCare. After all of the publicity given ObamaCare to date you would think that people would like it and not have to be convinced.
Employers are limiting growth of their businesses to no more than 50 employees so as to avoid the penalties of ObamaCare.
Employers are reducing employees working hours to 30 hours or week to avoid penalties of ObamaCare.
The Cleveland Clinic, largest employer in Ohio, announced today they are slashing $330 million in cost reductions because of ObamaCare and will implement employee layoffs to effect these cost-reductions. This is occurring at hospitals across the country.
Home Depot is announced that due to costs of ObamaCare that 20,000 employees would be transferred to the Federal pools for insurance to deal with the impact of ObamaCare. This is commonplace across the country.
Insurance companies are withdrawing from the insurance industry or markets due to non-profitability.
Many more issues are arising from ObamaCare implementation every day.
Do you like ObamaCare for you and your business and do you want it to be implemented?
As a small business owner and individual I strongly oppose the implementation of ObamaCare for many reasons. I have very little confidence in the policies of this Administration and consider this one a major failure.
This Bill impacts 1/6 of our total economy and appears to be seriously affecting a large number of people.
I continue to look for the advantages and disadvantages and the negatives seem to far outweigh the positives. If I could find a list of advantages of the program I would list them here now. I would welcome from you a list of the key advantages of ObamaCare to the American People.
I hear many people saying…I wish I could do something about stopping ObamaCare but I do not know what I can do.
I began a Blog called “The Conservative Blog” to have the opportunity to speak my political opinions about my concerns as to what is happening to our country. I much prefer to share my political opinions on that Blog, however, “The Road To Financial Independence Blog” is about business, our economy, how to be employed, how to get ahead, and tips and ideas on being more effective in business, and I consider that it is appropriate to write about this subject here.
To me the ObamaCare Bill is seriously impacting the economy, the growth of my business, the growth of individuals and businesses that I serve, as well as the overall welfare of our wonderful country, the United States of America.
I submit to you that as Americans, our rights to free speech are invaluable, and that it is in our best interests to let our voices be heard strongly in Washington during the coming days. I support you in your opinion whatever that may be…maybe not agree with it but will support the fact that you are entitled to your opinion.
If you were not pleased with our country’s recent imminent attacks on Syria, I hope that you will consider that the vote on ObamaCare is extremely important to you and I…especially during these days of September. Harry Reid and Barack Obama do not want to hear our opinions and protests.
The backroom joke in Washington now is that the only “red line” that the President will stick to is his refusal to negotiate on key issues with the Congress and the Senate. Tell me, are President Putin and President Assad more important than the people of the United States? I hope that we can determine this in the coming days. These are extremely important times for our country.
I believe that the American People are the only ones that can make a non-partisan, non-political, objective consideration of the facts and see the potential destructive looming damage of ObamaCare…and that each of us should speak up now with our own opinions, therefore fulfilling our duties as citizens in a timely fashion. Your forefathers would be proud of you for speaking your peace. Will you contact Washington and let them hear from you?
I plan to be a part of the 10 million+ petition I just received a call on to be sent to Washington requesting that we defund ObamaCare. Will you be a part of this Petition?
It is time that we let our voices be heard Americans!
Congressman Mike Rogers opening statement on Health Care reform
If you are thinking about or are already running your home based business I recommend that you read these recommendations and determine if they have been considered in your present or future business. My experiences say that these considerations are critical to achieving major success in your own business.
If you have followed my posts for the last few days you will remember that the latest data reveals that only about 3% of those working on the internet have broken even and made as much money as they have invested. Right now some 32 million people are working on the internet without making any profit and wondering why? This is supposed to be simple!
Next you would remember the 80/20 rule where some 20% of the U.S. population continues to educate and retrain themselves in order to be employed successfully. And because they take this action they typically wind up with the jobs.
There are at least three other major considerations regarding business success that I would like to share with you regarding your new or future home based business.
The first major consideration is that to make the 3% or the 20% categories of success above that it will be very important to associate yourself with a team of professionals that can and will give you ongoing guidance and advice as you work to make your business successful. A business is an ongoing process, not an isolated event, and advice, decisions, corrections and actions must be taken daily to assure success and avoid failure.
The second key consideration is for you to have a proven marketing system that will generate adequate prospects for your business so that buyers will generate the sales volume to produce the desired profits to sustain your business. How many buyers will you need at the price levels of your products and services to generate needed profitability? How many prospects will you need to have consider your products and services to produce the number of buyers that you will need? How many prospects will turn out to be buyers?
I have a very favorite saying that I repeat to myself from time-to-time and that is…”you don’t know what you don’t know” which means to me that you can either work with someone who does know or you can find these things out on your own by experience. It is a lot more fun to follow a successful, proven approach with someone who you can trust and have confidence in working alongside.
It would be a pleasure to work with you if these considerations make sense to you and you are ready to get started. Get in touch with me now to discuss what you want to accomplish! Contact me on email at firstname.lastname@example.org or call me on 407-749-9395.
One of my reasons for writing a post most every day is that I enjoy researching the day’s best content out there…to keep up with the pulse of what is going on…and to be able to share some interesting information with you that you may like as well. If you enjoy what you are reading I would really appreciate hearing from you some way…whether it is by phone across country…by email or in the “Comments” at the bottom of the post. I really enjoy hearing from you. I am a real person and I would like to understand what you are looking for…and might say…this is not for you…or the contrary…see the paragraph below.
And one of the real advantages of owning your own blog and domain is that you have the opportunity to write about that which is most important and relevant to yourself and to your audience. A key goal in writing a blog is to develop a following who enjoy what you have to say and benefit from those same things. So I will continue to define for you who I think I am writing for…and perhaps you will confirm or deny that with your comments. I mentioned recently that I am looking to find those of any age and circumstance who are capable of earning $30,000 to $100,000+ a year and have a sincere interest in doing something about it. I read a great blog post today where Robert Kiyosaki said that there are 3 kinds of people that are not suited for this kind of business…and it was highly interesting and right on. I will share that post with you soon.
No one talks about what color the success is, just how it smells.
When Amanda Palmer was busking on the streets of Harvard Square, she made enough to pay her rent. She supported herself, she made it work. She didn’t plan on busking, think about busking or get ready to busk. She did it and she succeeded. One person, ten people in the crowd… Didn’t matter, she was working, she was a pro.
I sold my first book project (I owned half of it) for $5,000. I didn’t worry about how big the advance was, I celebrated that I had a publisher. I followed that up a (very long) year later with another book (I owned half of that one, too) which I sold for even less. But now I had TWO publishers, and stories to go with each.
You will be labeled, like it or not. If you earn the label of, “person who builds things, ships them and sells them to someone who values them…” you’re way ahead of the pack. You’re going to be doing this for a long time. When you have the chance, engage with the market, declare victory, make the sale.
More chocolate chip cookies don’t smell that much better than just a few.
What I love most about working with people is finding better ways to help them get what
they want most. This takes a lot of creativity and ingenuity, especially if from the onset I know what they’re trying to do is going to take stamina and hard work. Perhaps this is what makes it so rewarding. To know from my coaching and mentoring I helped them reach their mountain top accomplishments. Read on to find out my 7 best strategies to do just that.
WordPress is currently working on a project to launch a website for WordPress Tutorials and more. Now there is good chance to learn WordPress right from its creators.
Whether you’re a first-time blogger or a seasoned developer, there’s always more to learn and do. We’re the people who make WordPress, and we’ll teach you.
Two years ago you could get your webpages ranked in the search engines if you followed a simple formula. You started with keyword research to find the right keywords, you then wrote content which the search engines loved, and finally you’d build some high-quality links to let Google and others know that people valued that content.march 6, 2013
Two years ago you could get your webpages ranked in the search engines if you followed a simple formula. You started with keyword research to find the right keywords, you then wrote content which the search engines loved, and finally you’d build some high-quality links to let Google and others know that people valued that content.
I can’t say enough about the tips Mari Smith gave me in this interview. Invaluable information about Facebook, Twitter, LinkedIn, and other social media networks. Tons of resources in here – be sure to have a pen!
Your marketing materials are so important for reaching out to prospective clients. The time and effort that goes into creating the perfect web site or brochure can be intense, but the simple choice of words can play a pretty significant role in the number of folks who make it through the front door. We live in a time when content gets stagnant pretty quickly, though, so don’t forget to revisit your content and give it some tweaking from time to time.
Competitive people want their professional team to win…no matter what their team is playing. The same applies to your own personal team of professionals! This post is about nine ways to build a professional team of your dreams! Since you may be unsure about how build an expert team here are some recommendations from experience.
My last two posts have focused on the “decision-making process” and the “decision-making process – critical thinking skills”. Much of where we are in our life is the results of the decisions that we make. I believe that a “team of professionals” is vital to your achieving financial independence. This team should consist of several professionals that are proficient in a critical lifestyle affecting subject…and how to deal with it more effectively than you! No offense intended…however the reality is that each of us develops ourselves to deal effectively with a given career field. We cannot be everything to everybody…which is why I am sharing my opinions on “9 Ways to Build A Professional Team of Your Dreams!”
Tax Preparation and Advice – Selection of a person or business for this task depends upon the complexity of your taxable circumstances. I prefer and recommend the services of a qualified, experienced CPA or firm with more than 10 years of experience and are well recommended. I also recommend interviewing at least (3) candidates and discussing ways that they work and their fees for first year and ongoing years.
Financial Advisor – In this case I recommend the services of a comprehensive financial advisor or planner that analyzes and makes recommendations for all facets of your financial and risk management life needs. You may meet brokers, stock brokers or traders that are called financial advisors, however typically they only buy, sell, or trade your assets. My recommendation is to interview at least (3) (CFP) Certified Financial Planners with more than 10 years of experience, perform comprehensive financial planning, and are well recommended. Discuss fees for first year and ongoing years.
Law Firm – Here you will need to select a firm that has attorneys that are competent in many fields of law..and are affordable. Simply hiring an attorney at the time of need may prove very costly and less effective. You can read more about why attorneys are so very important by purchasing a copy of the book describing The Law and Legal Service Plans available on this page.
Business Consultation – My 50+ years of individual performer, managerial, and executive experiences across five business fields gives me valuable insight into the start-up and management of businesses successfully. Please read “Work With Dan” tab for info.
Insurance Broker – a professional, well-trained and licensed insurance broker can be an excellent professional asset to your business. Your financial advisor will be trained in certain fields of personal insurance however an insurance broker focused on the insurance industry can offer excellent advice in most cases.
Attraction Marketing – This subject is also called Content Marketing and Attraction Marketing. I refer you to the leader in that field, Ann Sieg, for her insight and recommendations.
Blogging – The process of developing content and creating copy is an essential part of
Attraction Marketing. Ann Sieg has teamed with Ty Tribble, a #1 Blogger in the U.S. since 2003, to develop the art of blogging. Ty is considered a master of the art of blogging and I recommend him as the individual to train you in this important process.
Lorraine has a wealth of knowledge and is one of my several mentors.
Online Marketing Strategies – Edwin Cabrera is an outstanding consultant class educator
deeply involved in Attraction Marketing. Edwin continues to study with and participate in Ann Sieg’s tiered educational program and Edwin is in the Advanced Class of this program.
Edwin has been a main mentor to me in my beginning in Attraction Marketing and coming up to speed. A wealth of knowledge…and he can focus on the Educator Market when needed. You can contact Edwin at this link…
Tips on how to put “money makers’ ideas to work for your small business.
Topics For The Day!
To do something, however small, to make others happier and better, is the highest ambition, the most elevating hope, which can inspire a human being.
John Lubbock Biologist, Politician (1834-1913)
The value of competent mentors as well as talented team players are immeasurably valuable to successful accomplishment! The higher the competency levels and effectiveness of both the mentors and the players, the greater the level of achievement! Dan Norris 2013
Whatever the mind can conceive and believe, the mind can achieve.
While you may think success brings happiness, research shows it’s actually the other way around. Happy employees have shown to have higher levels of productivity, lower burnout and turnover and are more creative than unhappy employees.
Does Your Financial Plan Rely Upon Buying Lottery Tickets?
I was very pleased and pleasantly surprised to receive a response from Jerry Kalish, President of National Benefit Services, Inc., a Chicago-based retirement plan consulting, actuarial, and administration firm that helps employers get their retirement plans from where they are now to where they need to be. The firm’s clients include U.S. employers and multi-national employers with U.S. operations.
Published in LinkedIn and on The Retirement Plan Blog by The National Benefits Services…as follows…
Actually, a surprising large number of people believe that the most effective wealth building strategy is winning the lottery which I reported on in my 2006 blog post, http://tinyurl.com/GamlingOnRetirement .
A 2006 survey of about 1,000 Americans by Opinion Research Corporation conducted for the Consumer Federation of America and the Financial Planning Association found that one in five Americans (21%) survey thought playing the lottery was their most practical strategy for accumulating several hundred thousand dollars.
As I read the results of this study it causes me to think and ask…are people relying upon buying lottery tickets for their financial plan because…
They actually think this is a good option?
They have never been informed about developing a plan for retirement?
If they could see the value of having a retirement plan would they do it?
Have they just given up on developing a retirement plan for many reasons?
In any case 21% or more than 42 million people are gambling by throwing good money at bad opportunity. If the odds are 15 million to 1 to be able to win the lottery…you would need to play the lottery a lot in order to have decent odds…this is just gambling…not a plan at all… and it is true that if you use money to buy lottery tickets that money can’t go to your retirement savings plan.
Does this information raise any questions with any readers of this post? If so…I ask that you “Leave A Reply” below or give me a comment email@example.com.
About four years ago one of my fellow Christian Emmaus Brothers elected to move to another city to nearer to one of his best friends. My friend had received severe combat injuries while fighting for our country and in my opinion is a brave warrior for our country. I had the privilege of briefly meeting his lady friend during that moving process, and at that time I introduced myself as a financial advisor working with individuals and small businesses.
This week I learned that this lady had been searching for my telephone number to contact me as she has developed a terrific dream of providing lovely quilts for nursing home patients, and her dream is to first build an internet business of quilt providers and contributors and eventually to have a storefront business for the same purpose. Her idea is really non-profit as she wants to benefit the nursing home patients with lovely quilts, benefit many talented lady quilt makers with a way to market their quilts, and to hopefully gain charitable revenues for associated christian organizations through tithes and contributions.
Her reason for seeking me out was to gain my advice on how to get started in her business. I was delighted to talk with her on the phone for over an hour where we talked over her legal needs to get her business started, her need to develop a business plan to give her business direction, and then to talk about a marketing approach using attraction marketing methods to promote her new business, which is now only about one month old.
For me this entire conversation totally confirmed my reasoning for developing this blog that you are reading now. I know that there are thousands of people that need direction in starting a new business or adjusting the direction of their current business or lifestyle in some ways that would be very helpful. This is exactly what I am working to do with this blog and posts…to provide information and tips to help individuals manage their lives, be more secure and manage their small businesses better so as to make them more prosperous. I also know that it will take time for individuals to get to know me and trust me that I can help them in this process. References are available on request.
A business plan is a written description of your business’s future, a document that tells what you plan to do and how you plan to do it.
If you can relate to this information above and you have similiar interests in starting a new business or correcting the direction of your current business, then I invite you to contact me.
I am here to help you achieve what you want….and I would very much appreciate your looking at and understanding what I am proposing to you…and to call me on 407-749-9395 or email me on firstname.lastname@example.org.
Thank you and I look forward to talking with you soon.
Most Americans have been trained to think in terms of how much they can earn in a year, a month, a week or an hour! Think about it, when you begin placing yourself on the market for employment you must decide what you are worth to your employer in order to get them to employ you. And of course the job that you will do has a price tag as well which could be the deciding factor, at least for the wage range. Typically when you interview for a JOB you are faced with the decision…how much money can I have left at the end of the month? Suppose you had no limitation to what you can earn and so therefore you work to create wealth for all your goals. Working for unlimited wealth is much more appealing to most of us than to a given wage by the hour, week, month or year.
If you look at corporations very top levels of management, executives compensation is defined in terms of wealth measured by hundreds of thousands or millions of dollars with incentive bonuses for exceeding certain goals.
Have you ever said to yourself? ..I also am very smart and given the opportunity I would be worth millions! Wouldn’t it be a novel idea if you interviewed with an employer and they give you this question…How much wealth would you like to create with us during 1 year, 3 years, 5 years, 10 years, 20 years or more, and by the way you would you like to legally Will your residual income to your family members including your grandchildren? Wouldn’t this be fantastic? Well, that is what you can say as you interview yourself for your own business. Tell yourself that there is no limit on the amount of income you can earn or the amount of ongoing residual income that you can leave to your heirs.
The obvious answer for many who choose to do so is to create wealth by starting or continuing your own business. It is a fact that multiple income streams, that is, earning money from several sources or business lines, is the most lucrative and safe way to create wealth. All businesses are not always successful forever so having your earnings system designed for several options is very smart…typically called multiple income streams.
So if you decide to get ahead in your own business, the question is how confident are you that you can be a good leader for your own company? You will be your own CEO…and that is a very important position for a company!
A person with ambition, drive, commitment, intelligence and vision can change their life with the right opportunity. If you are interested in changing the direction of your life in terms of income, time and freedom then this video below is invaluable.
Robert Kiyosaki – Rich Dad Poor Dad – 10 Rules for Success – Audio Book
If you would like to discuss business opportunities with me on a complimentary and confidential basis please email me on email@example.com or call me on 407-749-9395.