Blog Entries tagged 'financial strategies'

Why Are Retirement Plans Failing?

cmiles — Mon, 26 Oct 2009 02:00:00 +0100

After doing my "Fire Your Financial Adviser" workshop and our Producer Power Hour podcast, I wanted to address a topic that I feel is grossly misunderstood. When I was a traditional financial adviser, I would rattle off some assumed 2000 Bureau of Labor Statistics that came out with a longitudinal report that studied where 25 yr olds in 1960 were in 2000. It showed 29% of 65 year olds deceased, 66% totally dependent on others or still working, 4% financially independent, [...]

One Hidden Danger of a 401(k)

cmiles — Thu, 02 Jul 2009 02:00:00 +0100

By Chris Miles

I have often heard many well-intentioned Americans tell me that they feel they are on track to their retirement goals merely because they have been saving a good amount in their 401(k)'s or similar qualified plans. Many believe this is their only option.

My purpose is to shed light on a critical factor that is one of the causes for dramatic disappointment to our 76 million Baby Boomers now entering retirement. This covert killer can leave one with LESS THAN HA [...]

Tips for Increasing Cash Flow Productively

cmiles — Tue, 30 Jun 2009 02:00:00 +0100

The following are tips that one can do to increase cash flow and identify resources more productively to be applied towards your economic well-being and/or Soul Purpose. Remember, that one's perspective is more important than just going through the motions. The key is discipline to be productive with the money freed up rather than spending it on consumptive or destructive items. Each of these points can be utilized to recapture lost dollars, but can also be abused in a way that coul [...]

Garrett on KTLA

garrettgunderson — Tue, 02 Sep 2008 02:00:00 +0100

Garrett had a great opportunity to be on the KTLA Morning News. Watch the video.

Book Review Response #3: What You Should Do With Your 401(k)

causeofliberty — Fri, 15 Aug 2008 02:00:00 +0100

| Book Review | Response #1 | Response #2 |

This is the continuation of a series of responses to a review of Killing Sacred Cows by Helen Huntley, personal finance editor for the St. Petersburg Times. While she does her best to give a synopsis of the book without reading it entirely, at one point she says, “…the main purpose of the book seems to be to convince you to cash you’re your 401(k) -- [Garrett] doesn’t mind that you have to pay income tax and [...]

Book Review Response #2: The Main Purpose & Primary Focus of Killing Sacred Cows

causeofliberty — Sat, 09 Aug 2008 02:00:00 +0100

| Book Review | Response #1 |

In a recent review in the St. Petersburg Times, personal finance editor Helen Huntley writes, "[Killing Sacred Cows] makes some good points. I agree that you need to take responsibility for your own financial success and you should invest in yourself and your money-making potential. However, the main purpose of the book seems to be to convince you to cash out your 401(k) -- he doesn't mind that you have to pay income tax and possibly a 10% penal [...]

A Great Review of Killing Sacred Cows...And An Opportunity To Respond

causeofliberty — Thu, 07 Aug 2008 02:00:00 +0100

Helen Huntley, the personal finance editor for the St. Petersburg Times in Florida, recently gave a great review of Killing Sacred Cows that gives us an excellent opportunity to clarify the message of the book.

While she admits only reading parts of the book—and the review must therefore be understood in that context—she does make some good points that we’d like to respond to in the next series of blog posts.

The following is her review of the parts of the book [...]

Pg. 244 - 401(k) Part 2

garrettgunderson — Wed, 06 Aug 2008 02:00:00 +0100

Pg. 70 - Average vs. Actual

garrettgunderson — Thu, 31 Jul 2008 02:00:00 +0100

Pg. 75 - Tax Brackets

garrettgunderson — Thu, 10 Jul 2008 02:00:00 +0100

Pg. 196 - Balance Sheet

garrettgunderson — Wed, 09 Jul 2008 02:00:00 +0100

Download the Production Continuum Exercise Worksheet Here

Download the Production Continuum Exercise Worksheet Here

Pg. 152 - Questions to Consider When Investing

garrettgunderson — Tue, 08 Jul 2008 02:00:00 +0100

Pg. 181 - What Should I Insure?

garrettgunderson — Mon, 07 Jul 2008 02:00:00 +0100

Pg. 65 - The Broke Millionaire Part 2

garrettgunderson — Thu, 03 Jul 2008 02:00:00 +0100

Pg. 65 - The Broke Millionaire Part 1

garrettgunderson — Wed, 02 Jul 2008 02:00:00 +0100

Pg. 52 - The Velocity of Money

garrettgunderson — Tue, 01 Jul 2008 02:00:00 +0100

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Click Here to See the Building Walkthrough Garrett Mentions in the Video

Pg. 48 - 401K Part 1

garrettgunderson — Tue, 01 Jul 2008 02:00:00 +0100

The Financial Optimizer

garrettgunderson — Tue, 10 Jun 2008 02:00:00 +0100

Questions: (Score 1 - 10) (Watch the video as I walk you through the exercise)

How often do you worry about money?
Do you feel like your finances are perfectly organized?
Are you being paid for living your soul purpose?
Do you have enough money coming in from your portfolio income to cover your expenses?
What percentage of your income comes from you working in your Soul Purpose?
If you were to lose the ability to generate income today, would [...]

What is Debt?

garrettgunderson — Mon, 09 Jun 2008 02:00:00 +0100

High Risk = High Returns?

causeofliberty — Sun, 01 Jun 2008 02:00:00 +0100

“Over the years, an investor’s financial objectives and tolerance for risk may change. An investor with a longer time horizon may be willing to take more risk for potentially greater reward than one with a shorter time horizon…Generally, the riskier the investment, the greater its possible reward.”

-Taken from a marketing piece of a leading financial institution

How can you increase your investment returns? Is it by increasing your risk, as so many fi [...]