Sunday, May 31, 2009

Suze Orman Now Says What???

If you pay any attention to the financial gurus teaching about investing in the stock market so you can “live your dream retirement,” you should be able to recite this mantra or something like it: Invest in the stock market for the long term, and you’ll come out great. Generally, long-term is defined by these advisors as 10 or more years.Of course, the recent turn of events has decimated the

Thursday, May 28, 2009

The Miracle of Compunding

The greatest minds in the world have marveled over the simple and yet extraordinary concept the power of compounding. Einstein called it “the greatest mathematical discovery of all times” and the “eight wonder of the world”. There is a good reason for such an importance to something so simple. See many fortunes have been built on this simple concept.For example, Ben Franklin used the power of

Sunday, May 24, 2009

Looky There - Obama Proposes New Insurance Tax to Fund Health Care Initiatives

On Monday, May 11, President Obama’s administration outlined eight new tax proposals.Don’t worry – I’m not going to list them all here. You can read the details and technicalities elsewhere, like the LA Times, Bloomberg News, The Wall Street Journal – or you can just Google it.Now, please don’t get confused. This is an entirely new proposal from the one issued Monday, May 4 – what is it with

Saturday, May 23, 2009

Tips to Help You Remember to Get Things Done

Tips to Help You Remember and Stay OrganizedStaying organized is a critical aspect of our lives. One of the challenges many encountered is how to remember the tasks we have set ourselves to accomplish today. All effective planning system must have a reminder system. If you don’t develop a system of reminders you won’t accomplish your goals and the results are frustration, lower self-esteem, and

Sunday, May 17, 2009

As the thought, so the mind.

In order to fulfill your set goals and your dreams, it is necessary to practice thought patterns geared toward wealth building and success. The habitual inclination of our thought patterns is ultimately the deciding factor, which determines our abilities, talents and our personal characteristics. Based on this critical and vital piece of knowledge, one assumes that those lucky few have been born

Converting to a Roth IRA Right Now is a Very BAD Idea

Financial "experts" are bombarding the American public with advice about how to salvage their depreciating wealth - courtesy of the stock market's freefall. One very popular - but TOXIC - piece of advice is that now is a great time to convert qualified funds (pre-tax dollar accounts) to Roth IRAs.Just so we are on the same page, this is NOT a discussion about Roth conversions, in general - we'll

Friday, May 15, 2009

How to choose the right goals to focus on

Today I want to address an question that many times we are asked, How to choose the right goals to focus on? Sometimes setting goals alone is not the only problem that you must face. Sometimes, choosing the right goals to begin with is harder. Basically, you can choose to work any goal that you feel is necessary for your health, stability and happiness.Goal setting is nothing more than a formal

Sunday, May 10, 2009

White House to Target Tax Loopholes: Are YOU Affected?

The Obama administration announced last Monday that it intends to close supposed tax loopholes currently being utilized by companies and individuals alike. OK, to prevent you from wondering, yes. This is not a political blog. However, this proposal may have a direct impact on your financial future, if you live and accumulate your retirement wealth in the United

Saturday, May 9, 2009

Formula to Success

What you think and how you then act is the deciding factor that will help you discover the goal of success. These two attributes are important together with a set of consistent principles, which you follow through. Thoughts based on reason are a powerful catalyst to start any reaction, and once you set off, you will soon realize that courage is the simple virtue needed for a human being to

Friday, May 1, 2009

Remember Stewart vs. Cramer? Someone Was Left Out

Whoa! On the March 12, 2009, episode of "The Daily Show," Jon Stewart - for lack of a better word - hammered Jim Cramer of CNBC's "Mad Money." My regular readers can probably guess my reaction. For those of you with short memories (or who somehow missed the brouhaha), this statement sums up Stewart's entire point:"I understand that you want to make financeentertaining, but it's not a ... game."I