Good leaders know when to delegate, and when to seek expert opinions. So as the leader of your personal finances, you shouldn’t be afraid to consult a financial planner–when appropriate. Here are ten scenarios to help you determine when it makes sense to hire a professional to provide investment and financial advice. Planners typically chargeContinue reading “Do you need a financial planner?”
Category Archives: self-employed
Crisis in Retirement Planning by Robert Merton
Corporate America really started to take notice of pensions in the wake of the dot-com crash, in 2000. Interest rates and stock prices both plummeted, which meant that the value of pension liabilities rose while the value of the assets held to meet them fell. A number of major firms in weak industries, notably steelContinue reading “Crisis in Retirement Planning by Robert Merton”
Building Rapport with others, handling objections in sales and acting with certainty
Successful people build rapport with others by: showing that they care about the person asking exceptional questions listening finding commonality with others using congruency from their body, actions, words in aligning how they convey their thoughts and ideas with conviction and certainty with others Sometimes, we do most of the above without our knowledge. WeContinue reading “Building Rapport with others, handling objections in sales and acting with certainty”
Rich people take small risks to control a big investment
They understand what they can afford, want to plan for their future, and want financial freedom at an early age. They know that paying 3% in admin fee to a mutual fund over 20 years will take away 60% from their accumulated money. They pay themselves first each month using a tax free savings planContinue reading “Rich people take small risks to control a big investment”
Sales Playbook
What Is a Playbook? A playbook is a collection of tactics or methods. When this definition is applied to business, we are essentially creating a document—the sales playbook—that characterizes the roles and responsibilities for each member of the selling organization, lays out clear objectives for each member of the team to support the business plan,Continue reading “Sales Playbook”
Tips for 50yr olds whose career got interrupted and wanted to earn $1M
What are your tips on how mid-career professionals (around age 50) who have had a career interruption (e.g., a layoff, time taken off to raise children,etc) can get to $1 million in wealth. Investing at 9% return can help but a business with no capital or experience, only courage and training in sales can help 50 yr oldContinue reading “Tips for 50yr olds whose career got interrupted and wanted to earn $1M”
Strategies of Top Sales Men
Know your outcome and plan a strategy
Know your outcome and plan a strategy, clarity is power. Know your reasons, why this is a must. Take massive action. Attach your nervous system to the outcome. You can create coincidences. Be prepared to reap the opportunity presented in front of you. Know what you are getting, review your results and change your approach.Continue reading “Know your outcome and plan a strategy”
Stem cells acts as anti-cancer, repairing/creating cells
No more market loses and taxes with index investing and Personal Finance 101 for rich and poor
Rich or poor you can still save for a lifetime retirement income/pension/savings plan or your own personal 801k. Your money does not participate when the market is down, keeps your gain and principal intact. Nor market loses or risks. You save your net income each month, $200 or $3k or even more, no income limitsContinue reading “No more market loses and taxes with index investing and Personal Finance 101 for rich and poor”
Real estate worries of generation X and Y
The most pain-yes, even marginally greater than that of former Enron employees and Bernie Madoff scam victims-has been felt by a younger generation, however, in America’s suburbs, far from Wall Street. Relinquishing its collective Abercrombie & Fitch flannel shirts for suits and ties, Generation X was buying its first homes just as the Farrelly brothers-directorsContinue reading “Real estate worries of generation X and Y”
What my parents thought me about finance
My father did not teach me how to leverage my money or assets to control another asset or make my money work for me by compounding and setting aside a long term savings plan with no market risk. He likes to take a risk and my mom cares for necessities and not investments. Like anyoneContinue reading “What my parents thought me about finance”
When to start receiving social security benefits?
when to start receiving social security benefits from ssa.gov My 65 yr old client who owns a beauty salon and lost $500k in the stock market is deciding whether to start receiving her social security benefits now or wait for two years. She then decided to wait for two years given her health condition andContinue reading “When to start receiving social security benefits?”
A recession is when your neighbor loses his job and a depression is when you lose your job
The difference between the two terms is not very well understood for one simple reason: There is not a universally agreed upon definition. If you ask 100 different economists to define the terms recession and depression, you would get at least 100 different answers. I will try to summarize both terms and explain the differencesContinue reading “A recession is when your neighbor loses his job and a depression is when you lose your job”