Tag Archives: 401k

Admission of the week: I am not as financially prepared as I need to be

16 Feb

Admission of the week:

I am not as financially prepared as I need to be.

So no long story or fancy financial news or social media hacks today.

Today what I have for you is a stark admission- I am not financially prepared to a level I need to be or should be given the amount of financial intelligence I possess.

I know how to make money. I know how to save money. I know how to be resourceful. The problem is I haven’t put all these skills together. Now as my own lawyer I will say I left my home state and job career excetera to relocate with my family when it was only three people deep and now there’s four people deep cuz my next son is coming in 2 months. Now I can say that that was the reason I could not get ahead. But I’ll be honest and say that the impetus of having a family should have moved me before I had a family. I know that’s a lot to swallow it’s a simple fact and a basic truth. I did not commit when I should have. I was having making some money having some Investments and getting some stocks.

And yes I own some Tesla and some Sprint and some muscle farm and some other companies. But it is not enough. My family deserves so much more. And you know what, in all honesty my peace of mind deserves more. When we say we do it for our family or friends are Legacy excetera that’s all great oh, but you should be doing it for yourself. I should be dominating the world because I want to. And I want to. I just kind of quit when things got comfortable. The lesson tonight is simply don’t get comfortable build build build, sleep when you’re dead.

Not As Many Americans Saving For Retirement, Study Finds « CBS Los Angeles

4 Apr

It is never too late to improve your finances.

Looking for a plan?

A solution?

Or maybe just a second set of eyes?

Let’s chat.

tony@changeinadvance.com

Live Brolic!

 

———

Sailing off into the sunset may just be a dream for many who still need to work to save.

Source: Not As Many Americans Saving For Retirement, Study Finds « CBS Los Angeles

Economic Fundamentals Speak Volumes

21 Nov

#thriveorsurvive.

No one goes to the Olympics for silver.

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance

http://www.changeinadvance.com

Or simply reply to this article.

INFOGRAPHIC: The Dow Today Versus The Dow In 2007

12 Mar

dow jones infographic

 

#thriveorsurvive.

“Don’t wait. The time will never be just right” –Napoleon Hill

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance

http://changeinadvance.com

Or simply reply to this article.

 

The Mayans Were Wrong But The Fiscal Cliff was only postponed

5 Jan

The Mayans Were Wrong But The Fiscal Cliff was only Postponed

We went over the cliff- technically. Accept it. Don’t buy the news channel shenanigans. Everyone breathed relief for about 5 minutes then went back to their favorite tv show. Not to malign the masses but if we don’t look out for our well being who will. I don’t care if you are a dem, rep, con, gop, etc, etc. You can never trust anyone to make your life better than you can.
In the gym I won’t ask for a spot from a weaker guy/gal. Also I won’t ask for a spot if I’m not reasonably sure I can lift the weight.
Lesson here: you don’t go heavy if you can’t go heavy. Its that simple. The treasury, The Fed, everyone wielding power has a vested interest in winning. Don’t you too?
We ALL do.
However most people are concerned with the Kardashians and or the sports page.

So back to the cliff. We have about 2 months. Roughly 60 days to get to a place where we all win. But that won’t happen.
Does anyone realize that our taxes have gone up from obamacare?
Everyone’s, in every brackets.
Then the social security went up. Its been down for a few years but this was bad. We got a few hundred bucks per person every check- but that money wasn’t meant for now. It was meant to hold social security up. Now some people will sell social security as an entitlement but if you look it up- you paid into it. It is your money.. I’m not anti government- by no means.
I love our country. I love the last three presidents. But we have to be personally responsible. We have to vote and invest from that mindset. I don’t plan to rely on social security- but I know millions do.
That being said many are about to get hit every check. I won’t blame Obama. But I will challenge you to do more. To be more.
Knowing your expenditures are going up no matter what you cut- do you have a plan?
You should.
I do. I’ve cut expenses and even moved in the last year in anticipation of being ready for all the tax raises I might face. I own my own business but still want to maximize my deductions while increasing my income.
Do you see how that can help?
Spending less while making more will lead to a future you can embrace if not beat.
Meet me at the top my friends- we are all we have.

#thriveorsurvive.

“A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.” -Suze Orman

“Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.”
-Benjamin Franklin

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance
http://www.changeinadvance.com
Or simply reply to this article.

SAVE NOTHING!!!!

21 Sep

SAVE NOTHING!!!!

NO MORE SAVINGS ACCOUNTS!!!
Savings accounts are killing your dreams. Your fancy IRA and 414k are slaving you out! Stop saving your money.
Okay. Wait up folks. Let me get into all this.
There’s a lot you need to know and I only got a few of the pieces. Let’s get it in my friends.

Ok, go ahead and save.
Save something but you shouldn’t be betting it will save you. A lot of people work like dogs and sock away that glorious 20%. Great plan. I applaud you. However I don’t agree. At this stage of my life I’ve committed to paying down my debts. I need financial freedom now. And before the economy tanked this was my thought. I knew I’d make up for lost time with the extra dollars, but couldn’t do both. So saving money is a last goal not a first. I say save something. Get up to a grand and stop. Suze Orman says save 6 months- for me that’s 18,200 bucks. Sorry Suz, but before the economy took a crap in my wallet you had a different plan for me. Ill skip you and a few others.

Your job won’t save you.
This part corresponds to the last one. Your job won’t provide the income you need. If you aren’t a top level CEO with that golden parachute forget it. Move on. Now you don’t have to quit but reassign your drive.

Make money. Create cash flow.
This is the only way I think we can thrive and not just survive. A friend and I have committed to buying a small amounts of .999 pure silver to hold wealth and barter if necessary. Now yes, I know this is savings. However its not fiat currency in the bank. Its not devalued dollars and I can trade it in this economy and in the event of an economic collapse- global or local.
Now this may not fit with the part of the article I started but wait- as my silver appreciates I make money. As I buy volumes cheap now I will beat the rise I see coming. And as I cash in ounces over time I will have a consistent cash flow. See how that works? Disagree with my concept fine but I have a way that is fluid and set to the constraints I designed. I have a plan. I’m in control. And a savings account wouldn’t do this for me. Look at the interest rates from ’06 to ’12 and tell me what you think.

Let residual income save you.
This is the way most people hate. Or even outright malign and avoid. Residual income simply means money coming in the future from past efforts. That’s it. You don’t need an mlm but why not try one? Tax breaks, fiscal education, what do you lose? Its a good way to learn at the very least. If not what do you think dividends in mega-conglomerates are? Get it. Continuous income is a key strategy. Why do banks charge interest? Car loans, mortgages, school loans. These are residuals for a bank. Create your own my friends.

You can’t reach your full potential wit a safety net.
This might be the key to my article. The heart of existence too.
When we aim for safety first we lose first. Life is a quick trip some say. I’m in my thirties and I let fear get me a lot when I was young, heights, rock climbing- no more. Last time I hit a theme park I got on every ride and got the cam picks to prove it. I screamed like a little kid but loved it in the end. And in life there is a saying: go for broke. If you do nothing but play it safe nothing will change. There is no growth. There is no dream. There is no hope.
Now I refuse to be safe. I use the club in my car and have alarms in my apartment and a go bag. But I don’t wait for safety in finance. I don’t wait for safety in my blog or my ventures. I reach for the stars. I commit funds and worry later. I’m not foolish but prudent. And here’s why: I’m used to making safe and or smart decisions and so when I take risks they are calculated. And that is smart. I share my world in this blog. I share my mind and heart with anyone willing. And I follow the financial strategies most shun.
And for me that works. I take a lot of fiscal risks. And yes I’ve lost money. I bought fools stocks too. The learning I gained was priceless. The courage I found- more so. This is my life and I won’t follow talking heads. I’m moving forward with no qualms.
I will be rich. By my hand, my choices, and with no safety net. Sorry to my fiscally prudent fellows- I won’t save to fight fear when success trumps all.

#thriveorsurvive.

Playing it safe is the cousin of fear when its true rationale eludes us. -CEO, Change In Advance.

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance
http://www.changeinadvance.com
Or simply reply to this article.

%d bloggers like this: