If money is emotional, then why do we persist in trying to manage our personal finances logically?We already know what it takes to become financially healthy: spend less than we make, pay down our debt, and save more money. Money management books, tools, and techniques abound, yet most of us don't utilize them. Maybe you've adopted the practice of ignoring money problems until they are barreling down on you like a tidal wave, as I once did. I know what it feels like to be drowning financially.
I'd like to propose a better alternative, one that doesn't require you to eat beans and rice or to spend hours updating budget spreadsheets. My approach to personal finance is called "Mindful Money Management." It is unique in that it harnesses the power of your emotions, so they can propel you forward like a rocket booster towards your Preferred Financial Destination. Yes, money is emotional, but you can prevent your heart from hijacking your wallet. Let me show you how.
"Christine Luken does a wonderful job taking complex financial topics and making them easy to understand. Reading Money is Emotional is like having a conversation with a knowledgeable friend." --Robert Pagliarini, CFP, EA, Author of The Sudden Wealth Solution
Money has tremendous power over us. Not having money limits our choices and restricts our ability to share in our society’s abundance. One of the biggest problems related to money is debt. Debt injects unnecessary stress in our lives that can affect our dreams, work, and our relationships with others. In this short read, Jennifer shares 5 simple steps that you can do right now to eliminate all of your debt, and faster than you may think is possible. In addition to eliminating your debt, the book will help your savings grow at the same time! All you need to change your current financial situation and get out of debt is the simple plan you will create with this book, plus your determination. It’s time to stop living paycheck to paycheck and start enjoying financial freedom. Remember, it’s not about how much you’re earning; it’s about the decisions you make with the money you have!
The SMART Investment Strategy for a Volatile World: Are your investments creating the wealth you desire, or are the ups and downs of an unpredictable market eating away at your earnings (and even your principal), while raising your stress level to the roof? Do you understand the world of investing well enough to know how to generate steadily reliable returns that enable you to have financial independence and a comfortable retirement?
The Journey to Wealth describes how you can create real wealth using a strategy that works in today s volatile, globalized financial world a proven strategy that increasingly builds returns without succumbing to catastrophic market crashes. The traditional Wall Street wisdom that follows modern portfolio theory of diversification and a buy and hold mindset is no longer effective in today’s highly chaotic, fast-paced markets. You cannot simply set it and forget it when buying stocks, hoping that market fluctuations will turn out in your favor. Nor can you find safety using mutual funds, index funds, and other managed assets whose fees eat away at your returns while carrying the same market risks as stocks. This approach is why most investors get below-average results out of their portfolio. What it takes to grow wealth in today s financial marketplace is a SMART philosophy of investing. You must understand the relationship between the business and market cycles, utilize stock sector investing timed to the cycles, and make use of valuable tools to mitigate the risks of unpredictable market declines. You must know how to identify the winning stocks while avoiding those that are already past their prime; how not to pay too much for a stock; and most of all, how to ride the bull markets and get out early when a bear market approaches.
James E. Demmert developed the SMART philosophy of investing over thirty years of experience as a wealth manager. His process of investing combines a sound knowledge of stock market history, its economic cycles and patterns of peaks and troughs, and the role that investor psychology plays in investing. He shows you how to perform your own critical research and use numerous Active Risk Management tools that can protect every investor from the ugly math of steep losses.
No matter your level of experience, The Journey to Wealth teaches you to invest using a clear, easy-to-follow sequence of concepts. In a four-step process, you will learn how to identify your lifestyle goals for building immediate and long-term wealth, as well as how to invest according to your risk tolerance and needs. Straight-forward detailed explanations, charts and graphs, inspiring citations about wealth creation, and artwork will keep you reading, learning, and creating a SMART investment plan for your future.
This book is an important and timely research study that explores a little known area of investing, which is that of private mortgage lending. The reason for undertaking the study was twofold; reason one is because for the past 15 years, retirement portfolios have been devastated by stock market fluctuations, resulting from a greater prevalence of boom and bust economic cycles. It is quite possible that currently another bust cycle might be unfolding, in spite of the apparent bull market. The second reason is because of the adopted Federal Reserve policy of creating an artificially low interest rate environment in an attempt to sustain the continued growth of the stock market and support of the currently real estate recovery efforts.These two economic conditions primarily affect income investors because of the low yields that are being offered by the typically available fixed-income investments, such as bonds, CD's and money-market accounts. The combination of a reduced interest rate environment and the increase stock market volatility has dramatically impacted the livelihood of the fixed income investor. Moreover, it has forced these investors to take greater levels of investment risk by incentivizing them to seek higher yields by investing in the stock market; in essence, the place that has created most of their financial problems.
Dave Ramsey and Rachel Cruze teach parents how to raise money-smart kids in a debt-filled world.
In Smart Money Smart Kids, financial expert and best-selling author Dave Ramsey and his daughter Rachel Cruze equip parents to teach their children how to win with money. Starting with the basics like working, spending, saving, and giving, and moving into more challenging issues like avoiding debt for life, paying cash for college, and battling discontentment, Dave and Rachel present a no-nonsense, common-sense approach for changing your family tree.