If you don’t have the wealth you want, look to the little things to explain why. Really. The hardest part of building wealth is usually Step 2: Saving a Nest Egg. Most Americans have a hard time saving money. We know we should, but it’s difficult to have any left at the end of the month. That’s why we’ve heard…
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Created Your Personal Wealth Bubble Yet?
The Jobs Report always gives an indication of where the economy is going. This has been called a “jobless recovery”, but that doesn’t exist. Jobs must increase for a recovery to occur. However, one place many unemployed, underemployed, and retired workers are going (under the radar) is to start their own businesses. I tell everyone who’s out of work to…
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Billionaire John Paulson’s Latest Move
As you know, I often cover gold in my writings. It’s not because I am a gold bug, but because that is where I see the MOST potential for the next few years. If you want to find another bubble, in my opinion, this is it. Even George Soros said recently that “gold is the ultimate bubble.” What he didn’t…
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What’s The Black Swan Saying Now?
Besides the volatility in the stock market due to the PIIGS’ (Portugal, Italy, Ireland, Greece, and Spain) teetering economies, we have a denial by Treasury Secretary, Tim Geithner, that the US will never lose it’s credit rating. Really? Since currently we have deficits of 30% of our annual GDP, it’s interesting he should say that. Congress has raised the debt…
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Future Interest Rate Trends
Last week I was in Las Vegas for an internet entrepreneurs conference. It has been years since I’ve been to Las Vegas and it was astounding to me how built up it is! The developers really went to town putting up high rises and casinos. It was interesting to see that the strip was crowded and amazingly busy. Although the…
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Be a Contrarian
One of the things I mentioned in our class is to look forward toward what the future is bringing and not in the rear-view mirror (like “past” investment performance). One set of indicators to look at are called “contrary” indicators. Contrary indicators are things that are actually the opposite of the consensus or majority. For example, back in 2006, when…
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What’s Your Purpose?
Over the years, I’ve read lots of articles about finding my purpose. None of them really helped me find my purpose. Mainly because, I think, they were asking the wrong question: “What is your passion?” One book said that if you found your passion, the money would follow. Ok, maybe I agree with that, but what’s my passion? I guess…
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Do You Have a Money Journal
One thing I’m recommending my students do is keep a “Money Journal”. A Money Journal is a place to keep your thoughts, fears, questions, affirmations, and progress with and about money. What we focus on, grows. Having a Money Journal will allow you to pay attention to your money and keep track of what you’re thinking and feeling. This is…
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Save Money, Build a Nest Egg
It’s not always easy to save money, and we hear all the time how awful Americans are at saving money. Is it that we’re not good at it, don’t have enough money, or don’t want to? It has been documented by Harry Dent, the demographer, that on average at age 46, we hit a peak and have the most debt…
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Creating a Wealth Mindset
The foundation of wealth is built upon how you think. Are you “feeling poor” or do you have an “attitude of gratitude?” Are you living in the moment or are you comparing with the past? What are you doing to take care of yourself and make sure you are ok, while the economy’s still suffering? How we think and what…
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