The odds are against you to be successful. 78% of NFL players end up broke! How many people can even say they were a professional athlete? The odds are against you to make it to that level. The odds are against you to be an Olympic athlete too. The median United States household income is $46,326. Half of the families are living on incomes less and ...
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Are You Sabotaging Yourself?
Are you sabotaging yourself? It may be your friends, colleagues or family, someone is sabotaging your plans. It may be you! You have goals or list of things you need to do, but somehow something or someone stops you from achieving them. You tend to blame others for your failure, but it starts with you. We all make mistakes unless it is a habit! Do ...
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Personal Finance Education Is the Key to Happiness
Learning about personal finance is the basis for success! If you are looking for a class at your local high school or community college, you will probably be disappointed. Online classes are somewhat limited although there are many books written about the subject. You can find such diverse subjects online as accounting, corporate finance or other ...
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Cash is not an investment
If you have an expectation of growth in your investment, forget cash! I am referring to cash investments such as money market accounts, interest bearing checking accounts, savings and certificates of deposits. It is merely a parking space for short term savings! Investing is expending money with the expectation of achieving a profit or material ...
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The Best Financial Adviser is You
Do you really need a financial adviser? What do you expect a financial adviser to do for you anyway? You can get a fee only adviser to prepare a financial plan and still fail! A financial plan is just a set of financial goals based on your information! It is just a matter of setting goals and monitoring your progress. Some may call it child's play. ...
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Don’t Envy the Rich!
The rich are different from you and me. (F. Scott Fitzgerald) Yes, they have more money. (Ernest Hemingway) “They possess and enjoy early, and it does something to them, it makes them soft where we are hard and cynical where we are trustful in a way that unless you were born rich, it is very difficult to understand.” (F. Scott Fitzgerald) Yes, the ...
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How to Cope with Change
Change is inevitable! Recently, my wife and I went to New York for my sister in law's birthday party. Since we live in Los Angeles, we had to get airline tickets, make arrangements for the dog and find a way to the airport. No big deal, we cashed in miles, our children watched the dog and we drove to the airport. If it were only that easy! You have ...
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CAMP Is the New Acronym for Retirement Readiness!
CAMP is not a place with temporary accommodations of huts, tents, or other structures, typically used by soldiers, refugees, prisoners or travelers. When I was a child, I went to camp to escape the New York summers. CAMP is not a destination! If you do not know what CAMP is, you should! CAMP is a way of realistically measuring your retirement ...
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How Do You Measure Your Progress?
I measure my progress daily, weekly, monthly and annually. I set goals and monitor them periodically. I learned these skills very early and applied them in everything I want to accomplish. If you want to achieve financial or other goals, you need to monitor your progress. How you measure your progress is important for success ! Here is the secret ...
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My 2014 New Year’s Resolutions – Half Year Update
It is time to update my 2014 New Year’s Resolutions! Many people believe that making resolutions public will hold you more accountable. I do not believe that because I always hold myself accountable for my actions. This year, I made my resolutions more persona and more important to me. Now it is time to show my progress and see how I am ...
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