วันพุธที่ 26 กันยายน พ.ศ. 2555

Suze Orman Shares Investing Common Sense With Women & Money

Women & Money ~ Owning the Power to Control Your Destiny

Money is a topic you either embrace or avoid. Orman's book delivers straight talk on investing for women and building individual wealth.

Personally I've always known just enough about investing to put some money away each month and I rely on financial advisers to steer me in the right direction.

Suze shares a candid look at her life and how she got to where she is now. Plus she offers a no nonsense approach to making sure women begin to really think about taking care of their own business.

With an uplifting vein of optimism about what is possible throughout the book, Orman successfully illustrates traits and tactics to help women thoughtfully approach investing.

Orman's 8 qualities of wealthy women have been shared on national talk shows and cannot be stressed enough.

Qualities 1 and 2 are harmony and balance. These are said to be the most important qualities because they are the foundation for all other qualities.

Quality 3 is courage. Orman writes that "Courage gives harmony expression. When your thoughts and feelings are one, courage helps you manifest them in the form of words and actions."

Quality 4 is generosity. Orman points out that women tap into this almost too quickly. We tend to be overly generous with our time, support, love and money. The true measure of generosity, according to Orman, is being able to allow money to come into your hands and out through your heart.

This was a concept I can relate to. Orman challenges women to look at why and what they give and how it makes them feel. She also offers six rules for giving (but, you'll have to grab a copy of the book to find out what these are).

Quality number 5 is happiness. According to Orman when you find the courage to live your life in harmony and balance, you understand and practice generosity, happiness will spontaneously appear.

And perhaps the most important point she shares about happiness is this; "Happiness is not a luxury. It is a necessity for true wealth."

Quality number 6 comes in the form of wisdom. Who doesn't want to be wiser?

According to Orman, wisdom is more than intellectual and not directly related to education. Wisdom is an express result of tapping into your core beliefs to make the right decisions for yourself.

The 7th quality is cleanliness and is all about the importance of order and organization. A laundry list of situations that subtract from your wealth status include;

- Not knowing where your money is
- Not having a systematized filing system for important documents
- Pulling crumpled bills and receipts out of your purse
- Maintaining a vehicle that looks like a garbage can
- Having closets that are filled with junk and clutter.

I am sure most of us can relate to at least one area we need to work on. I have to admit, as organized as I am, I could relate to a couple of those scenarios. Orman's philosophy really makes sense and I've corrected my personal problem areas. My first order of business was donating clothing I had not used or worn in the past year to charity.

The final quality is beauty. Orman ties all the qualities together by noting beauty is what you achieve when all the qualities are combined.

To some it may seem strange that the qualities of wealthy women are included in a book on investing. However, if you personally don't possess the qualities it will not be as easy for you to achieve your wealth potential.

In addition to the foundational building blocks Orman shares solid advice on choosing the right investor, the importance of having one personal savings account in your name only and discusses investment options in layman's terms so anyone can get started right way.

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วันพฤหัสบดีที่ 13 กันยายน พ.ศ. 2555

70 Million Baby Boomers, Eh? Sounds Like Opportunity to Me!

AppId is over the quota
AppId is over the quota

Folks have been talking about the paradigm shift coming to the United States as the Baby Boomers grow older and retire. Social Security will soon collapse, it was scheduled for 2042, but it will occur a decade sooner. When social security was really working well, 17 people were working for every 1 person in retirement, good stuff, no problems. But in a less than a decade there will be one retired person and only 1.9 people for each still working. Obviously, that is not going to work out mathematically.

Many have talked about what is to come, and it has already happened in Japan with their post economic boom. With an aging population, the workforce is having trouble holding up the economic expansion and with zero growth, it is tough to supply the needs of the civilization. Europe is next and then the US after that. Brilliant minds like Ken Dychwald have been discussing this for years.

There is also an interesting book out now called; Futurecast" by Robert Shapiro, which is a remake of all the previous studies, research and works on this subject. Having read all the data on demographics and this coming shift, I do recommend the folks above, but would also like to recommend another economic book on this topic:

"Boom, Bust & Echo; How to Profit from the Coming Demographic Shift" By David K. Foot with Daniel Stoffman; Macfarlane, Walter & Ross, Toronto, Canada; 1996.

He discusses real estate crisis, investing issues, social security problems, retail sales, manufacturing problems, retirees younger longer and how our retirement cities will grow and be so much different than the past. He discusses the crisis in Health Care, which we are now seeing over a decade later, all great predictions, he did not miss any and there are a few more to come too.

He speaks to the Canadian problems that mimic the US population and what it means to our Northern neighbors. The appendix is a lot of data that will scare the bejesus out of any leader or economists trying to figure out how to fix the problem. You need to read this book, it's a quick one, only 210 pages, but it will blow you away.

"Lance Winslow" - Lance Winslow's Bio. If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/.