A summary of things you should know about How Much Money Do I Need To Retire? according to Todd Tresidder: Introduction In this episode personal finance expert, Todd Tresidder takesRead More
The post A Preview of How Much Money Do I Need To Retire with Todd Tresidder appeared first on The Entrepreneurs Library.
]]>In this episode personal finance expert, Todd Tresidder takes a deep dive into his book, How Much Money Do I Need To Retire?, where he shows you how to start your retirement savings.
In his book Tresidder argues that the conventional approach to retirement planning is flawed and reveals a much more stable formula for calculating the amount you need to save for retirement. The goal of the book is to teach you ways to spend less while improving your life, how to reduce the amount you need to retire, 3 models for estimating your retirement needs, and how to not run out of money.
This book is perfect for entrepreneurs who are within 5 – 7 years of retiring and need help figuring out exactly what it will take to ensure they are financially safe for retirement.
Most books about this topic come at it from an assets approach. Although I think that’s important, that’s only a small portion of what’s to be learned.
It’s designed to be read from front to back because I start with the traditional model and then I explain alternative models.
I want the reader to understand that there is no magic number. You need to recognize that everything is an estimate and your retirement planning is an iterative process, it’s worth doing to get a generalized goal but understand that it’s a range of outcomes. There is no definitive number and you will work with your retirement number throughout your retirement as numbers come in.
The whole first half of the book is all about the traditional model but I take it a whole cut deeper. So you start with the traditional approach which is using the retirement calculator, you plug in all these assumptions, but then I take you through the assumptions one by one and explain why they can’t be made properly. For example one of the assumptions is life expectancy, nobody knows when they are going to die that’s an impossible assumption to make. Or an investment return, nobody has any idea what their investment return will be over the next 30 years, it’s a guess at best. So I go through these assumptions one by one and I help you create a range of viable values and help you to understand how to work with that assumption in a constructive way.
From there we build a confidence interval using a traditional approach called The Assets Base approach.
Then the book goes through what I call Lifestyle Planning for Retirement and this is where you can start having breakthrough results. And the whole premise here is that for every one thousand dollars per month you spend in retirement, it requires anywhere from three hundred to four hundred thousand dollars in assets to support it. You will find that there are a lot of different ways in which you can redesign your life so it can be every bit as fulfilling or more fulfilling at a fraction of the cost. This is what I call Lifestyle Planning around retirement and it’s a great way to make ends meet if they don’t already.
In the third part of the book we discuss what I call Cash Flow Base Retirement Planning. In this second I point out that really retirement or financial independence at any age is about cash flow exceeding expenses. So then we go into cash flow base models and it’s a complete turnaround in the approach to retirement planning.
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 06:28
“The only function of economic forecasting is to make astrology look respectable.” – John Kenneth Galbraith
I have a background in hedge fund investing. I came out of college and I had a crazy idea that I could make money from investing statistically or mathematically without actually knowing the investments themselves. My two icon investors were my professor and father and they both told me it wouldn’t work but despite their opinion I was sure it would and I was right. I was one of the early pioneers of the hedge fund business and so I was able to “retire” at age 35. After retirement I decided to take the knowledge that I had and share it with others. This led me to build a company called Financial Mentor which is an advanced education website that is geared around wealth building. This website is focused on people who are past the basics and ready for the next step.
The inspiration was my coaching clients. Since I was coaching people on how to build wealth the number one question was how much money do I need and so I wrote the book on this subject because nobody else had done a proper job at it.
The War of Art by Steven Pressfield
Buy How Much Money Do I Need to Retire by Todd Tresidder on Amazon today
Visit FinancialMentor.com to learn more about Todd and his work
Follow Todd Tresidder on Linkedin and Twitter
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books:
You Can Retire Sooner Than You Think by Wes Moss
The 5 Years Before You Retire by Emily Guy Birken
Get What’s Yours by Larry Kotlikoff
What did you like and not like about this episode? Fill out this one minute survey here.
The post A Preview of How Much Money Do I Need To Retire with Todd Tresidder appeared first on The Entrepreneurs Library.
]]>A summary of things you should know about Cash Flow Diary according to J. Massey: Introduction In this episode investment expert J. Massey takes a deep dive into his book,Read More
The post A Preview of Cash Flow Diary with J. Massey appeared first on The Entrepreneurs Library.
]]>In this episode investment expert J. Massey takes a deep dive into his book, Cash Flow Diary, where he discusses 10 steps to creating wealth in any economy.
In his book Massey provides a roadmap of successful investment strategies in real-estate while taking readers along his personal journey into becoming a super successful real estate investor. The goal of the book is to teach you the ups and downs of real-estate investing, how to negotiate with real-estate brokers, how to solve typical real-estate challenges, and how to build wealth with retirement plans.
This book is perfect for entrepreneurs who are interested in real-estate investing to build passive income and are looking for lessons from someone who succeeded from the ground up.
People tell me what makes my book different is the amount of quality information that they have heard is available for many thousands of dollars elsewhere. My book is not just the information it’s the actual instruction of what to do with it and how to interpret it.
You can skip around to the different chapters that pertain to you most however I always recommend you go through it completely first.
It’s not about you, wealth is a team sport.
One of the most important concepts in the book is literally how to fail and I believe that this is one of the things our education system fails to prepare us for. Most of us don’t know how and you’re going to experience failure, in fact if you haven’t experienced failure then you haven’t tried something that is challenging to you enough. And you must learn to do three things, fail forward, fail fast, and fail frequently. At failing to do that you rarely see success and I share with you some of the largest failures I’ve gone through. I want you to understand that they are normal and I give you the ways to get through them. Not only that but I also want you to understand that your business can have a mission and that’s one of the things that I get excited about. The number one skill that I see missing today are interpersonal skills and as entrepreneurs we must develop and get better at this skill. It starts with our team and then our customers. I literally put in the book the 10 steps required to create wealth in any economy. We have broken down the steps so that you can begin from reading the book, taking the action steps, and putting your vision out there into the marketplace and actually making it happen.
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 05:45
“Move at the speed of instruction.” – J. Massey
After facing some difficult situations in both my life and my wife’s I decided I needed to do something about it and wanted to provide more for my family. It was during that time that I decided to become a real estate investor and that was when self-employment failed for me. Today, through the service I offer, I am able to spend a majority of my time with my family which was my goal all along.
I was inspired to write it because I kept getting the same questions over and over again. I didn’t know how to keep answering them differently plus the book can be in more places than I can. Cash Flow Diary exists simply because I wanted to document this process for my kids.
Awaken the Giant Within by Tony Robbins
Buy Cash Flow Diary by J. Massey on Amazon today
Visit CashFlowDiary.com to learn more about J. Massey and his book
Follow J. Massey on Facebook and Twitter
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
What did you like and not like about this episode? Fill out this one minute survey here.
The post A Preview of Cash Flow Diary with J. Massey appeared first on The Entrepreneurs Library.
]]>A summary of things you should know about Sell Your Ideas With or Without a Patent according to Stephen Key: Introduction In this episode bestselling author Stephen Key reveals hisRead More
The post A Preview of Sell Your Ideas With or Without a Patent with Stephen Key appeared first on The Entrepreneurs Library.
]]>In this episode bestselling author Stephen Key reveals his insights on his book, Sell Your Ideas With or Without a Patent, where he shares his secrets to making profits of product ideas.
In his book Key reveals many stories, tactics, and tips on how to effectively protect an invention idea in order to earn royalties from it in the future. The goal of the book is to teach you how to fill out a patent application for the USPTO, save large amounts of money on the legal expenses that come with patenting, find an excellent patent attorney, and win over a licensing contract.
This book is perfect for entrepreneurs who have innovative mindsets and want to know the inside secrets of making money off new inventions with or without patents.
A book like this has never been written anywhere, ever because it’s from the business perspective, not the legal perspective.
This book is written in such a way that if you have a simple idea you can read a few chapters and be ready to start immediately. And then I go in from a different perspective if you have a big idea and show you what exactly you need to do.
You can do this and do it with confidence!
This book is for the listeners that have ideas but not sure what to do with it in fear that someone else might take it. If you dig into this book you will learn to understand how to use the tools provided and they are very inexpensive but you’ll learn how to write this information down that has value in that perceived ownership. This book is written in such a way that it gives you ownership.
You will find throughout this book that it is a very technical book but it’s very easy to read and understand. I took a topic that was complicated and
I brought it down to a level that anybody can understand and be able to use these tools that are provided for us. So this book strips away the fear, it shows you how to take a small idea for $65 and have that perceived ownership. It talks about how to structure a licensing agreement even if you don’t have any ownership. It’s time for us to take advantage of our size, to be quick, to be small, to be smart, and take these tools that the USPTO provide anyone in the world, to play the largest game in the world. But you have to understand how to leverage those tools and that’s why this book is very different.
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 09:11
“There is no such thing as ownership, it’s only perceived ownership.” – Stephen Key
I have been bringing my simple ideas to market and collecting royalties for each and every one that is sold. I am here to show you how to save money and protect those ideas when you bring them to market.
A few years ago I was in federal court suing a small toy company Legos which took three years and through that whole process I realized that we never really own anything, even if we have patents. We have this fear that we have to have patents to go forward with our ideas and that’s just not true. This book was written from a business perspective about how to take our ideas, bring them to market, and use the tools from the USPTO to our advantage.
The Obstacle Is The Way by Ryan Holiday
Buy Sell Your Ideas With or Without a Patent by Stephen Key on Amazon today
Visit InventRight.com to learn more about Stephen, his books, and YouTube channel
Visit Entrepreneur.com and Inc.com to read more articles by Stephen Key
Follow Stephen Key on Facebook and Twitter
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books:
One Simple Idea by Stephen Key
The Dream Cafe by Geoff Crook
The Maker Movement Manifesto by Mark Hatch
Related advice:
5 Lessons Entrepreneurs Can Learn From Stephen Key
What did you like and not like about this episode? Fill out this one minute survey here.
The post A Preview of Sell Your Ideas With or Without a Patent with Stephen Key appeared first on The Entrepreneurs Library.
]]>A summary of things you should know about Vibrational Money Immersion according to Ray Higdon: Introduction In this episode Ray Higdon takes a deep dive into his book, Vibrational MoneyRead More
The post A Preview of Vibrational Money Immersion with Ray Higdon appeared first on The Entrepreneurs Library.
]]>In this episode Ray Higdon takes a deep dive into his book, Vibrational Money Immersion, where shares a network marketing guide to better help you make a living from home.
In his book Higdon provides a roadmap filled with practical advice, assignments, and principles that are designed to show you how to become the best network marketer in the field of multi-level marketing. The goal of this book is the help you train your brain to craft your own success, master the art of networking, enhance your sales skills, and overcome multiple obstacles that get in the way.
This book is perfect for entrepreneurs who want to be able to work from home and are interested in multi-level marketing, but want a better understanding of the principles.
Some of the different things about my book are that I am not speaking from theory. I’m speaking exactly how I went from dead broke personal foreclosure to earning over a million dollars, becoming the number one income earner, and having over 85% of an entire network marketing company in my team.
Originally this was a weekly audio course with seventeen chapters. My suggestion would be to go through the book once quickly and then look back to see which one of the chapters jumped out at you and go back through those particular chapters in more detail.
Stop looking at what you think you know and look at your results. I don’t know how many times I’ve heard someone tell me, oh I’ve heard that before, but they are dead broke. If you do not have the results in your life that you wish you had then this book can help you understand why you are where you are at and how to get to that next level.
This book is all about mindset. It’s based on the original book of Think and Grow Rich but added with original stories on exactly how and why you have the type of results in your life that you do. So if you’ve been wondering why you’ve been working really, really hard but don’t have a whole lot of results to show for it, this book reveals that. This book will tell you exactly, in so many different scenarios, how your thinking is dictating your results.
I dive deep and talk about my divorce, my child abuse as a kid. I talk about how I got into foreclosure and what exactly got me there but also what exactly got me out of it. And so this is a guide to improving your mindset. Yes, it’s targeted for network marketers but I’ve had people in real estate, insurance, and car sales, go through it and tell me that it really helped them out because mindset is the major factor in anything you do.
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 06:11
“The ability to say woe is me shows the abundance of inactivity.” – Ray Higdon
I was in corporate America and I didn’t feel like I was living my highest and best purpose and also spending more time with picture of my kids than the real thing. I would go to work when they were asleep and come home to them already in bed and that just wasn’t the life that I wanted to work toward. And so I went out on my own and started a real estate business that didn’t work out and in 2009 I found myself dead broke. It was then when I reinvented myself and have since built a multimillion a year coaching and training business. I also have a very successful blog and social media presence and because of all this my lifestyle is a lot different.
A lot of entrepreneurs attribute some of their successes from the content that’s contained within Think and Grow Rich. What I did was I took the public domain version of Think and Grow Rich and I kind of translated it not just to today’s world but also for the actual network marketer. I’ve been in network marketing for over five years and there are a lot of people that appreciate that translation of how this actually and directly applies to their profession.
The War of Art by Steven Pressfield and Shawn Coyne
Buy Vibrational Money Immersion by Ray Higdon on Amazon today
Visit RayHigdon.com to learn more about Ray, his books, blog, and products
Follow Ray Higdon on Facebook and Twitter
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books:
Think and Grow Rich by Napoleon Hill
The Millionaire Fastlane by MJ DeMarco
6 Months to 6 Figures by Peter Voogd
What did you like and not like about this episode? Fill out this one minute survey here.
The post A Preview of Vibrational Money Immersion with Ray Higdon appeared first on The Entrepreneurs Library.
]]>A summary of things you should know about Build Your Money Muscles according to Joan Sotkin: Introduction In this episode Joan Sotkin takes a deep dive into her book, BuildRead More
The post A Preview of Build Your Money Muscles with Joan Sotkin appeared first on The Entrepreneurs Library.
]]>In this episode Joan Sotkin takes a deep dive into her book, Build Your Money Muscles, where she shares 9 simple exercises for improving your relationship with money.
In her book Sotkin provides a common sense, step-by-step guide that will create an achievable pathway to financial security and prosperity through personal growth rather than quick fixes. The goal of the book is to help you build a secure financial base, understand why you are struggling with money, manage money more healthfully, and climb out of any financial slump.
This book is perfect for entrepreneurs who have a hard time managing personal finances and want a natural approach to becoming financially happy with their money.
There is nothing quite like it because of the depth that I go in to about emotions and money. It’s very practically and really helps you get in touch with yourself and not just your money.
It’s good to read straight through and then go back as you feel needed.
I like the idea that your emotions are behind your behaviors and to understand that there are no good or bad emotions. They are just emotions and habits and whatever those habits are they can change.
If you read the book and do the exercises I can promise you that your ideas about money and yourself are going to change and improve because your money is really an extension of who you are. If you want to change your money there is an awful lot that has to change internally.
The book is structures in to two parts. The first is preparation for financial change and the second part is working towards a new financial identity. You can’t just dive in and expect to change your life very quickly and dramatically and not have resistance.
Exercise one is conditioning yourself for change and the idea is to be able to recognize the discomfort that comes with change so you don’t give up and walk backwards. Then there is developing financial awareness which is about overcoming financial vagueness syndrome. The idea is to become more financially aware and not to be afraid at looking at your numbers. Exercise three is identifying financial patterns and underlying emotional themes. There is a chart in that exercise which outlines what I call the five main feelings that people act out through their money. These five feelings are anger, shame, deprivation, aloneness, and a since of being trapped. So the chart shows you what you are probably feeling underneath the behaviors because the theory in the book is that you create your life stories with emotions as the creative force. So by understanding your emotions you can understand your behaviors and you don’t have to have a good emotional vocabulary in order to do what I talk about in the book. The fourth exercise is setting attainable goals. A lot of people will set goals that are so far beyond what the position they are in now and it paralyzes them and they wind up doing nothing.
In the second part, which is the healing part, exercise five is replacing unproductive financial thoughts. This helps you look at the voices you hear in your head and what you believe about money. Exercise six is adopting functional financial beliefs. There is a great chart in this chapter where it shows the beliefs that are holding you back and ones that are going to work instead. Exercise seven is cultivating healthy money feelings. Once you learn to recognize these feelings that are behind your money you need to learn what to do to change the programing in your brain. Exercise eight is establishing responsible behaviors and includes how you have to adapt to these behaviors. The final exercise is improving your relationship with yourself and others which is about connecting and learning to trust yourself.
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 03:56
“Money represents the energy of relationship and the way individuals handle money reflects how they deal with their relationships with themselves and others.” – Joan Sotkin
I started out in life on the lower end, I had two very successful brothers and I could barely make it. I was sick emotionally, financially, and it’s been a journey. I love to share what I’ve learned along the way and I’ve been on the internet since 1995 doing just that.
I really like sharing what I learned and I saw that a lot of financial books were either heavy on the mindset piece or they were very hardcore how to count your money and handle cash flow books. I wanted something that combined both because that’s what I saw had to be done.
Be Here Now by Ram Dass
The Power of Now by Eckhart Tolle
Buy Build Your Money Muscles by Joan Sotkin on Amazon today
Visit ProsperityPlace.com to learn more about Joan and her podcast
Follow Joan Sotkin on Facebook and Twitter
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books:
The Financially Savvy Entrepreneur by Emily Chase Smith
Live Richer Challenge by Tiffany Aliche
From Worry to Wealthy by Chellie Campbell
Relevant advice and tips:
5 Personal Wealth Management Tips For Financial Stability
What did you like and not like about this episode? Fill out this one minute survey here.
The post A Preview of Build Your Money Muscles with Joan Sotkin appeared first on The Entrepreneurs Library.
]]>A summary of things you should know about Get Rich with Dividends according to Marc Lichtenfeld: Introduction In this episode Marc Lichtenfeld takes a deep dive into his book GetRead More
The post A Preview of Get Rich With Dividends with Marc Lichtenfeld appeared first on The Entrepreneurs Library.
]]>In this episode Marc Lichtenfeld takes a deep dive into his book Get Rich with Dividends, where he shares his investing strategy for achieving double-digit returns.
In his book Lichtenfeld provides a systematic approach to finding stocks with high returns, structuring your investments for better financial security, and setting up your investments with little maintenance. The goal of the book is to help you achieve double-digit returns annually, become worry-free about your investments, and increase your returns even when the market is low.
This book is perfect for entrepreneurs who are interested in dividend investing, but are searching for low risk investments that require very little maintenance.
This book was really written for novice to medium level investors. If you are a very active investor and an expert in it, it will certainly open your eyes to some new ideas but it’s really written for the person that doesn’t have a lot of time. It gives you actionable items that people can take in order to setup portfolios that will keep up with and beat inflammation over the long-term.
If you have the basic understanding of what dividends are and why they are important than you can start in the middle of the book where I talk about how to go over a portfolio and how to setup the system. The first part of the book is a basic understanding of dividends, landscaping, and how it all works.
It would be that if you invest in these stocks for the long-term using this strategy you are going to get to where you want to be financially. It’s not just a theory but rather a system that works.
In the beginning of the book we start off talking about all you need to know about dividends. I talk about how much these stocks have outperformed over history. You are taking a long-term look at the stock market so it’s not just 10 to 15 years but really looking back over almost 100 years. I give example stories of companies that have raised their dividend every single year no matter what is going on.
I also talk about how boring dividends can be but how they do consistently outperform the market year after year because they are increasing the dividend.
I talk about the system and the portfolio, how to setup, the kinds of stocks we are looking for, what the variables are for these stocks. You will know how to look at the market and different variables and find out if that particular stock will qualify for that system.
Towards the end of the book I go into other topics like dividends reinvestment plans and how you can do it directly through the company, foreign stocks, and taxes.
I also have a glossary for anybody who isn’t too familiar with investing. But Like I said it’s written for novice to medium level investors so it’s not going to be too difficult even if you have very little experience in investing.
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 07:50
“A bear market can be your best friend.” – Marc Lichtenfeld
I am the Chief Income Strategist at The Oxford Club and the Editor of The Oxford Income Letter. I am a former Wall Street Analyst, left the dark side and came over to work with subscribers and individual investors rather than Wall Street.
There were a few; one of them was the great reception in 2008-2009 and seeing people get hurt so badly in the markets. They were getting out at the wrong time and not getting back in at the right time. I wanted to help investors find a way that they could sleep at night even during difficult market periods and continue to make money. I also wanted to create a system where not only could they invest well but also find a way to ensure that their lifestyle that they worked so hard for does not deteriorate due to inflation.
Contrarian Investment Strategies by David Dreman
Buy Get Rich with Dividends by Marc Lichtenfeld on Amazon today
Visit GetRichWithDividends.com to learn more about Marc and his book
Visit OxfordClub.com to read all about the Oxford newsletter
Follow Marc Lichtenfeld on Facebook and Twitter
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books:
The 3% Signal by Jason Kelly
Buy, Hold, and Sell by Ken Moraif
Get What’s Yours by Larry Kotlikoff
What did you like and not like about this episode? Fill out this one minute survey here.
The post A Preview of Get Rich With Dividends with Marc Lichtenfeld appeared first on The Entrepreneurs Library.
]]>A summary of things you should know about The 3% Signal according to Jason Kelly: Introduction In this episode Jason Kelly shares all the insights on his book, The 3%Read More
The post A Preview of The 3% Signal with Jason Kelly appeared first on The Entrepreneurs Library.
]]>In this episode Jason Kelly shares all the insights on his book, The 3% Signal, where he reveals a revolutionary investing strategy that will change your life.
In his book Kelly takes the stress out of investing by providing a simple formula that can be added to any type of financial account in order to help novice investors level the playing field. The goal of the book is to help you ensure a secure retirement plan, react intelligently to price changes, learn how to buy low and sell high, and understand the basic language that is utilized in the investing industry.
This book is perfect for entrepreneurs that are interested in increasing their personal wealth and are looking for a simple beginners guide into the world of financial investments.
It’s not a book that is trying to show you how to be smarter than everybody else. This system is based on history, based on a simple timeframe and it’s something somebody can manage with just 15 minutes of effort per quarter using only prices alone.
Reading the book front to back is the best way to go.
It’s that prices are all that matter. Ideas count for nothing and opinions are distractions. The only thing that matters is the price of an investment whether it’s below a level indicating a good time to buy or above a level indicating a good time to sell. We can know that level and this is a system that tells us.
The first chapter is called Why Markets Baffle Us and this is where I introduce a concept that comes throughout the book called Zero Validity Environment. This chapter looks at why it’s so hard for us to get financial markets right.
At the end of each chapter in the book I include an executive summary to review the key parts of the chapter the reader should obtain.
The next chapter is called Harnessing Fluctuation. Flat lines are not conducive to profit, we need rises and we need falls, and we need to use them intelligently. If we can’t predict them what can we do instead? All we want from a growth fund in our account is 3% per quarter and that’s what this chapter lays out.
Chapter three is titled Setting A Performance Goal and this shows the background on why I go with 3%. The reason it turns out to be a sweet spot is that annually it turns into 12.6% per year which is 26% more than the stock markets average 10% per year over the last 90 years or so.
Chapter four is titled What Investments to Use and this is where you find out why small companies are best for the growth side. This chapter also looks at why bonds are best to use for safety.
Chapter five is Managing Money in the Plan and this goes over some brass tacks of how to handle regular contributions to your funds.
Chapter six is called The Plan in Action and this looks at more brass tacks things such as what time of account you have, what types of funds are in there, and how to find the right ones.
The last chapter is called The Life of the Plan and this is where it all comes together in a look at three investors. These three investors are fictional people working at a fictional company but it’s a real life scenario that takes all three of them with identical incomes and 401k plans through a 50 quarter time period (12 and ½ years).
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 09:23
“The stock market is humanities money mind writ large. For many there is no greater distraction from life than the new cycle connected to financial markets. The more enlightened way to navigate the market is by letting it all go, reducing the chaos to a concise list of prices, visiting that list just four times a year, letting an unemotional formula tell you what the prices mean you should do, and then doing it. This higher state of investing not only performs better; it costs less and uses less of your limited time on earth.” – Jason Kelly
I started out writing for IBM at the Silicon Valley laboratory in San Jose California right out of college. I learned there to write about complex topics and I had a great editor there who really focused on surprising readers. Four years after working there I finally had enough income after writing books on my own about the stock market to leave IBM and become a fulltime freelance writer. So for the past two decades I have been writing about the stock market. I moved to Japan 13 years ago after being here on a book tour and falling in love with the place.
The inspiration was noticing friends and family that had been struggling with the stock market for years. Over the years for writing for people and helping them with their investments I came to realize that almost everything in the stock market is geared against the individual investor. This is hard for professional investors to get right much less the part-time investor. I wanted to give people a system that does work that doesn’t require any input from the media, beats the market in almost all pros over time, and is simple enough that anybody can do it. It’s the product of two decades of research and is the best practice I’ve been able to come up with.
The Interpretation of Dreams by Sigmund Freud
Buy The 3% Signal by Jason Kelly on Amazon today
Visit JasonKelly.com to learn more about Jason and his book
Follow Jason Kelly on Facebook and Twitter
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books:
Buy, Hold, and Sell! by Ken Moraif
The Millionaire Fastlane by MJ DeMarco
Get What’s Yours by Larry Kotlikoff
Relevant advice and tips:
5 Personal Wealth Management Tips For Financial Stability
What did you like and not like about this episode? Fill out this one minute survey here.
The post A Preview of The 3% Signal with Jason Kelly appeared first on The Entrepreneurs Library.
]]>A summary of things you should know about From Worry to Wealthy according to Chellie Campbell: Introduction In this episode Chellie Campbell takes a deep dive into her book, FromRead More
The post A Preview of From Worry to Wealthy with Chellie Campbell appeared first on The Entrepreneurs Library.
]]>In this episode Chellie Campbell takes a deep dive into her book, From Worry to Wealthy, where she provides a woman’s guide to financial success without the stress.
In her book Campbell gives you practical advice that lays out a simplistic roadmap for utilizing the right financial tools that will improve your financial security significantly. The goal of the book is to help you build your confidence when it comes to money, create a steady cash flow, learn relative lessons about business, and avoid the unnecessary consequences of bad personal finance.
This book is perfect for women entrepreneurs who have a working knowledge about business, but are having a hard time maintaining and developing a steady path to financial freedom.
Most financial books are targeted to the regular 9 to 5 worker bee and the advice you can give them is really pretty limited. I wanted to address everybody who had a dream and a calling that wants to help and those who didn’t want to be squished into the 9 to 5 work model.
The chapters are standalone chapters and you can jump in and out where needed.
Go for it! Every dream, goal, and desire can be yours if you just get started.
The first chapter is called Confidence, Charisma, Clients, Credentials, Competition, and Cash. A lot of it is about having to develop confidence in yourself and being able to be yourself. Charisma comes from the people who really love what they are doing and have such a good time doing it. From that you want to look for the clients that you want and credentials don’t matter, you can credential yourself. There is no competition, you are the only you on this planet and there are people who are attuned to your voice and what you have to share and they need you to show up. And then the cash flows from all those other things and you have to be able to ask for it.
Chapter two, The Real Money in Life You Lose is the Money You Fail to Earn, what this means is you have got to be figuring out what is important for you. The number one attitude that will kill your business faster than any other is the ‘I don’t care about the money’ attitude.
Chapter three, If You Don’t Count Your Money Pretty Soon You Won’t Have Any to Count, this chapter is all about making sure you are aware of what money you are making and how you’re spending it.
Chapter four is titled Selling is Serving Somebody Needs Your Help. This is one of the things that stop the seller, we don’t want to bother people or be aggressive, and we want people to like us. You have got to pick up the phone to talk to people but you are there to serve them. You don’t sell them your product or service just because you want to make a living, that’s part of it, but you need to look for the ideal person who really needs and wants what you have and help them.
Chapter five, it’s not Cold Calling It’s Gold Calling, this chapter is a step by step process of exactly how to make a warm call, how to be user friendly, how to ask about the other person first, and then turning it around to make a sell if you see them as needing what you have.
Chapter six, Growth Happens Outside Your Comfort Zone, this chapter is about taking risks.
Chapter seven is spousal support and this chapter is all about how men and women work together whether they are married or partners.
The last chapter in my book is called Creating a Life While Creating a Living. How do you put all the pieces together and take time off to play and be with your family? This is about enjoying life and seeking adventure while being successful.
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 06:15
“Living within your means is important but not as important as increasing your means.” – Chellie Campbell
I have been teaching financial stress reduction workshops for the past 25 years. I used to own a bookkeeping service and I saw that a lot of my clients couldn’t really read the reports that I give them. Most people don’t have a really good financial education so I started consulting with my clients and three of them in the same week said I should teach this. So I started and never looked back.
I have written two other books for the general public, The Wealthy Spirit and Zero to Zillionaire. What happened then is I took a long break and working with people but there has been a lot since the 2008 crash of the economy and a lot of discussion of income and equality still comes up. I wanted to talk about woman having it all and still be nice and having a good time.
When I Say No I Feel Guilty by Manuel J. Smith
Buy From Worry to Wealthy by Chellie Campbell on Amazon today
Visit Chellie.com to learn more about Chellie and her book
Follow Chellie Campbell on Facebook and Twitter
Contact Chellie through email here
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books:
Live Richer Challenge by Tiffany Aliche
The Financially Savvy Entrepreneur by Emily Chase Smith
PACE by Jesse Mecham
Relevant advice and tips:
5 Personal Wealth Management Tips For Financial Stability
What did you like and not like about this episode? Fill out this one minute survey here.
The post A Preview of From Worry to Wealthy with Chellie Campbell appeared first on The Entrepreneurs Library.
]]>A summary of things you should know about Buy, Hold, and Sell according to Ken Moraif: Introduction In this episode Ken Moraif reveals all his insights on Buy, Hold, andRead More
The post A Preview of Buy, Hold, and Sell with Ken Moraif appeared first on The Entrepreneurs Library.
]]>In this episode Ken Moraif reveals all his insights on Buy, Hold, and Sell where he shares his investment strategy that could save you from the next market crash.
In his book Moraif gives you very practical advice on the most effective investment strategies, the myths that surround stock investing, the benefits of diversified portfolios, and selling to protect your principle. The goal of the book is to help investors keep all their financial investments, know when to cash out, and prepare themselves for the consequences of a market crash.
This book is perfect for entrepreneurs who are seasoned business owners that are looking for an alternative financial system that will maximize their retirement funds.
There are very few other Financial Advisors that recommend that you actually sell. The vast majority believe in buy and hold. I spend a good part of the book talking about the myths that they propagate on the public about why you should buy and hold are actually myths.
I suggest the reader read it from front to back but if you want to get straight to the point you can just skip to the back and get my points on that.
The expression that I like is someone who is forewarned is worth two that aren’t. The concept that I want people to take from the book is that buy and hold are two legs of a three legged stool. You have to have a buy and hold strategy but more importantly you have to have a sell strategy because you haven’t made any money until you sell.
I believe that in order to capture the audience and keep their attention you need to be entertaining. The book is fun to read with humor and stories. Most importantly I go through all of the myths that people have heard and debunk them.
I go through four different investment selling strategies. For example one of them is Your Magic Number which is the amount of money you need so that you can now retire. In the book I have a worksheet that helps you to calculate what your magic number is and it’s so important that you defend that number. I also talk about how to use a trailing stop loss strategy, a trend analysis strategy. These strategies are mathematical and will work if you have the discipline and implement them.
I am a strong believer that you can’t just tell people what the problem is, educate them on why they should believe you, and then show them solutions, but you also have to give them the motivation and drive. So at the end of the book there is also a section that is basically a motivational talk to give you the courage to sell when the next Bear Market comes. And not to just sit there and buy and hold and watch half your money evaporate.
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 08:12
“You can be young without money but you can’t be old without it.” –Tennessee Williams
“The way you win the game of investing is by not losing.” – Ken Moraif
I am a certified Financial Planner; I’ve been practicing with clients for 27 years now. I run a firm that is one of the top 50 fastest growing financial advisor firms in the nation. And the last three years in a row I’ve been named one of the top 100 Financial Advisors in the nation by Barron’s Magazine.
The philosophy of buy and hold is one that has been around for a long time. My mom was an investor and we lived off of her investments and when I was a young boy I saw my mom win some and lose some depending on the market. So I never really believed in the philosophy of buy and hold and when I went into this business that’s what they teach you. And so I spent a lot of time trying to figure out how not to have my clients go through that experience and the strategy and philosophy that we developed is what this book is about.
The Secret by Rhonda Byrne
Buy Buy, Hold, and Sell by Ken Moraif on Amazon today
Visit MoneyMatters.net to learn more about the book and Ken’s videos
Follow Ken Moraif on Twitter and Facebook
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books:
Get What’s Yours by Larry Kotlikoff
You Can Retire Sooner Than You Think by Wes Moss
Make Money Live Wealthy by Austin Netzley
What did you like and not like about this episode? Fill out this one minute survey here.
The post A Preview of Buy, Hold, and Sell with Ken Moraif appeared first on The Entrepreneurs Library.
]]>A summary of things you should know about Live Richer Challenge according to Tiffany Aliche: Introduction In this episode Tiffany Aliche, also known as “The Budgetnista,” takes a deep diveRead More
The post A Preview of Live Richer Challenge with Tiffany Aliche appeared first on The Entrepreneurs Library.
]]>In this episode Tiffany Aliche, also known as “The Budgetnista,” takes a deep dive into the Live Richer Challenge where she reveals her proven system that will pave a path to financial freedom.
In her book Aliche provides a step-by-step personal finance system that walks you through daily financial tasks over a span of five weeks and is guaranteed to help you handle your finances better. The goal of the book is to show you how to budget your money properly, create a solid savings, make smart investments, get out of debt, and build your credit rating.
This book is perfect for entrepreneurs who are struggling with their personal finances and need help pulling themselves out of debt and onto a healthier path to financial freedom.
What makes my book different is that one, sometimes you read these financial books and you think to yourself you have to have a master’s degree in finance just to understand what they are saying. The fact that I have a teacher’s background I can take complex things and break them down to really simple easy to understand steps. With this book there is also a built in community. I have this online forum that I created to help the women help each other and when you get the book I direct you to all of these online resources.
As a teacher I am always thinking how everyone is a different type of learner so I made sure that if you read the book from beginning to end it totally builds on each other. But there might be sections of the book that don’t apply to you so you can skip over it and not feel like you skipped a major section.
I would want that to be to get started! To me that is the number one thing that keeps people from achieving anything in life.
The way the Live Richer Challenge works is this; I have broken down seven specific financial goals into five weeks. Week one is Money Mindset, week two is Budgeting and Savings, week three is Debt, week four is Credit, week five is Insurance and Investing, and then I add an extra day to talk about what Live Richer really means and how to take all of these lessons to live a richer life. You don’t have to know how anything works because the way the challenge works is that every day I give you one small easy financial task and collectively that task will help you accomplish that week’s goal. I really try to take away what keeps people from moving forward financially which is fear and shame. It’s a fun, easy read, I don’t try to talk over your head, I use basic language, and within 36 days you really can have a different money mindset, a budget that works, a savings plan where you are actually saving, a clear get-out-of-debt plan, a credit plan that will show you how to make your credit score jump like Jordan, and a basic investing plan. Even bigger than all of that, The Live Richer Day, talks about abundance and how to activate your more abundant life using all these things you learn as a tool. What is it that you want as a result of mastering your money?
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 05:49
“It’s more than money, it’s a movement.” – Tiffany Aliche
My name is Tiffany but I am much better known as The Budgetnista and I am a financial educator. I like to say that I am America’s favorite financial educator; at least I’m striving to be. I started The Budgetnista brand about four or five years ago and it has grown into this amazing movement, especially as it relates to women and empowering them to master their money.
The inspiration behind Live Richer Challenge was really the challenge itself. So outside of the book the Live Richer Challenge is a financial challenge that I started to help 10,000 women master their money in 36 days. About this time last year so many women were reaching out to me via social media and my inbox asking for financial help. I wanted to figure out a way that I could help the maximum amount of women in the most efficient way possible. I designed an online financial challenge that just started January 5th and as a result of the challenge I said I should make a corresponding book. We have over 10,000 women in 49 of the 50 states participating in this challenge and the book is a companion piece to that challenge.
The Alchemist by Paulo Coelho
Buy Live Richer Challenge by Tiffany Aliche on Amazon today
Visit TheBudgetnista.com to learn more about Tiffany and her books
Follow Tiffany Aliche on Twitter and Facebook
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books:
The Financially Savvy Entrepreneur by Emily Chase Smith
The Millionaire Master Plan by Roger Hamilton
6 Months to 6 Figures by Peter Voogd
Relevant advice and tips:
5 Personal Wealth Management Tips For Financial Stability
What did you like and not like about this episode? Fill out this one minute survey here.
The post A Preview of Live Richer Challenge with Tiffany Aliche appeared first on The Entrepreneurs Library.
]]>