The Uphill Climb

For this status post I had to pass on a segment of Peter Schiff’s recent podcast where he discusses the relationship between your employer, government regulations, and you as an employee.

Who Pays for Government Programs?

Continue reading “The Uphill Climb”

In Uncle Sam We Trust

Slowly but Certainly, Social Security Is Failing.

I see this routinely as I assist clients in preparing for retirement and other financial goals.  This statement is directly from the Social Security Administration’s web page that assists people with estimating their expected benefits at retirement:

“The law governing benefit amounts may change because, by 2034, the combined trust fund reserves are projected to become depleted – the same as projected last year. Payroll taxes collected will be enough to pay only about 79 cents for each dollar of scheduled benefits.”
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What Client Fees?

 

In my daily perusal of my own social media marketing efforts, I often see how other businesses approach their use of social media.  Yesterday I saw a post that read on the order of, “Discussing advisory fees with clients can be a challenge.”  I thought, I find it rather easy in that a single sentence makes both the client and me very, very happy: “Clients don’t pay me for my Wealth Strategies Services.” Continue reading “What Client Fees?”

Testimonial Videos Premiere!

I have been wanting to include some of my best clients in video testimonials for prospective clients and for new clients to review and also share.  When you find something good, something exceptional, it’s natural to want to share it with people close to you whom you care about. Continue reading “Testimonial Videos Premiere!”

Motive, and Opportunity…

Yes, the market’s numbers have been higher and setting records, but why?

Many companies have borrowed money at near zero interest rates and are buying back their own stock. This reduces the amount of profit paid out to shareholders, and with the company buying more (generally not caring what share prices are paid), the demand rises, so prices climb. Continue reading “Motive, and Opportunity…”

“A False Sense of Security” – Jim Rickards

As I speak with prospects, clients, and participate in chats and conversation, I find that people are having three main issues indirectly related to their financial well-being:

1) Work and family keeps them busy so they have difficulty keeping up with information that can help them.
2) Most don’t have a good source of information: main stream media has become more and more slanted to the extremes and doesn’t “report the events”, but promotes an agenda.
3) Many believe the information presented, which is largely inaccurate, can be misleading, and have become complacent thinking “everything’s fine”.
Continue reading ““A False Sense of Security” – Jim Rickards”

Time will tell… But don’t wait that long!

Although it’s my birthday today, I’m building a business and working on marketing that will attract new clients, so I don’t see that I’ll be taking much time to “celebrate”. I meet with friends regularly, and even had coffee with a friend planned this morning, but that got moved. In my opinion, true friendships aren’t like batteries, they don’t lose their value because you haven’t charged them recently. At least they shouldn’t be like batteries. If I liked and respected you last year, I don’t see a reason that I wouldn’t like and respect you this year, or next decade; despite us not finding time in our busy lives for one another. Continue reading “Time will tell… But don’t wait that long!”

Thick as a Brick Award – June 2018

I first introduced this idea back when I saw someone whose work I admire, Dave Ramsey, tout some rather uninformed financial advice on “buy term insurance and invest the rest” to his huddled masses.  This time I take a look at a long list of shallow financial advice published for the sole purpose of “looking useful”, rather than being effective.  On the surface the suggestions might sound good to the casual reader, but without discussing related information and situations, can be misleading and financially riddled with hazard.  So, let’s dispel some poor financial advice. Continue reading “Thick as a Brick Award – June 2018”

Guilt-Free Spending (part 2)

Part II

When you keep a budget, you should know where your money is, where it went, what it’s being used for, and how much you have reserved for your personal use.  The reason that many people don’t have money is that they don’t plan to have money.  Really, that’s not a flippant statement.  People who have money have made a plan to have money; meaning they’ve made a decision and a plan to not spend everything they makeContinue reading “Guilt-Free Spending (part 2)”

Guilt-Free Spending (part 1)

 

Part I

‘Why do I feel guilty spending my own money?’ is a question that many people struggle with.

The seeds of this article stem from that question I saw posted in an online forum that I really had the desire to address.  When I tried to access the answer page to submit an answer, the user had retracted their question, likely thinking that it wasn’t a valid concern.  I thought it was a very valid concern and I had thought, “I know exactly why she feels guilty” and wanted to help.  So, since I didn’t get to answer the girl’s question, I’ll address it here and hope that she and others who have that same very common concern find it someday. Continue reading “Guilt-Free Spending (part 1)”