Money Talk

 

Money Talk

Lets have more Money Talk in our Lives

What if we all talked more about money on a daily basis? Is it truly that awful to discuss money or is it another underlining reason people shy away from it. I can clearly say I don’t know the answer, but it is a way of life here in the U.S. to avoid awkward money talks especially around people’s personal monetary status.

Well I want to provide you with some simple, easy to discuss money talk topics and I hope you can get some value out of it. The topics today will all be random little tidbits to get you to talk more about finances.

Imagine a world where a husband and wife could sit down weekly to talk freely about money and not have fun arguments.

How about if the basics behind money management is implemented into the US school system as mandatory curriculum for all kids before graduating High School. Imagine the impact this could have on future generations. It could possibly bring about the collapse of pay day lenders, and other predatory loan facilities.

Let’s dream for a second if 2 times a year families with older kids sat down at the dinner table to devise a plan to increase income and or investing for the entire family.

Think of big picture planning like the Johnson & Johnson family does as televised in the film “The 1 Percent”. They are forced to sit down to discuss strategies by the financial advisors, and the heads of the Johnson family trust. Why can’t we all have our own meetings on a small scale?

If you feel overwhelmed to discuss things, just find someone to help you smooth out any anxiety or issues you may have around money and that is not trying to sell you something. Believe me they exist and they will teach you first and foremost just like a good mentor.

Continue reading

The Dividend Challenge

 

the dividend challenge

Make sure you get those Benjamin’s to work for you ASAP!

I am obsessed with growing dividends and seeing them compound every year. Well now I am doing a crush the dividend challenge. (#dividendchallenge) The purpose is to well increase the dividends in 2015 and surpass what was received in 2014.

If you make the gap bigger between last year and this year you will experience year over year growth. The benefit of dividends will not only give you a greater sense of return on your money, but it will also provide the opportunity to get even more shares going forward. If you do this, you will invest on purpose for increasing dividends aka icing on the cake in my opinion.

Imagine getting 10K a year from dividends in 2015 and letting things compound. By the year 2020 can you imagine how much you will get from dividends? Its safe to say it will be more than 15 thousand dollars of free money just for holding an asset.

What in life gives you free money for holding it? Nothing does and only investments do. Now are you ready to crush the dividend challenge?

Continue reading

The Best Financial Scenario

The Best Financial Scenario

Do you want to know what is the best financial scenario for your money? We all have our wants, needs and goals in life. The optimal route for the average person, is a road not heavily traveled and hopefully that route can skip over all the money trials and tribulations. For many folks including yourself the desire should always be to travel down the less friction induced monetary highway on the path to ultimate  wealth prosperity.

If you agree with the thought provoking message above, it will be to your advantage to continue reading. Once you begin to implement the financial scenarios within this intricately worded post, the scenery will appear as if you are traveling on a Japanese bullet train going over 300 miles per hour, thanks to the financially supercharged decisions you will make. It will feel this way only when it comes to building wealth as the primary objective, as far as life goes. The rest of the time you can slowly enjoy the other pleasures of life one day at a time at the preferred pace.

The ultimate tactic any modern human can do is to begin the supersonic compounding as early as feasible. If your still in the cave man status I predict investing is not in your vocabulary, for the mere fact of fear or maybe ineptitude towards investing.

Continue reading

Being a Rich Imposter

Being a Rich Imposter

This Fake Badge was found in the street, I imagine off the car of a Rich Imposter

 

The other day I was in the supermarket and I noticed a dude, who looked like he was about to attend a fashion show sporting an upscale leather coat, fancy shoes and clothes. If you’re going on a hot date with one of the Victoria secret models then you might need to dress like that to show a higher standard than the norm. Because if you don’t amaze you will not get a second date most likely. But just to get tomatoes, milk, and some eggs really doesn’t make sense to me to dress like a Valentino model.

Do you feel like stuff defines you? If you always look for stuff to solidify your status, then guess what your being a rich imposter. If the title makes you feel some type of way aka mad, then you’re really being a rich imposter times 2.0. IF all you own is fancy name brand stuff, then you are either rich or a rich imposter. The trick is not to be a rich imposter because then you will actually never reach being fundamentally rich. Wow did I just blow your mind Mr. Imposter?

Continue reading

Why I want to be Free of Debt Forever

Why I want to be Free of Debt Forever

I could give a thousand reasons why I want to be debt free, but for today’s post I will share with all of you just 1 reason. Debt freedom is truly the way to live I believe. Because when you are you feel a sense of power over finances. Owning others is a straight path to having less cash flow month after month. In addition to having mounds of added stress.

Now lets discuss my reason why Debt will be out of my life soon. But before I do lets look at this awesome quote:

Eliminating debt is not only important its everything – Rich Uncle EL

 

Continue reading

Don’t Invest all Money into Index Funds

Don't invest all money into index funds

Index funds are great because of the simplicity behind them and how dirt cheap (Fee Wise) they are compared to other mutual funds. But please don’t invest all money into index funds.

I will let you in on a little secret why I will always invest part of my money away from index funds. Index funds are considered a passive investing strategy as you can place your money, forget it and realize on average a 4-8% return on your money. Index funds usually mirror the broad based market like the S&P 500, NASDAQ or a plethora of other indices.

The main issue I have is that the returns of Exxon, Apple, IBM, Johnson & Johnson is by far greater in a 20 year time span compared to that of long running Index funds. If you find a calculator that can go back in time and give you what a 10,000 dollar investment over 20 years made in any of the companies I referenced above. You will be amazed to find the amount will be staggering. The returns I’m talking about should be in the hundreds of thousands of dollars. If you compare the same 10 grand into an average index fund investment, it will not even come close.

Now why is the figure so drastically different from the individual big blue chip stocks to an average index fund? I will attempt to be an investing guru, and provide you with the details as to why.

Continue reading

Financial Ponderings

 

financial ponderings

ITs Fun to Think about this Pondering.

I want to give you a few of the financial ponderings I was thinking of during lunch yesterday. These will never change as Americans are fully integrated into a system that is not beneficial for the average person. I hope many of you will learn a few things from reading these tidbits and just stop to think that maybe there is a better way to live life.

Granted we all take risks in life for instance if a stock you owned dropped a few dollars, and you cashed out. But if you are constantly signing on the dotted line for loan applications year after year, then you are destined to live a life of less abundance. By overspending on products and getting services above means is a lifestyle that is never good financial sense.

By discussing the financial ponderings and then acting responsibly by your money any reader will transform into a super informed financial mastermind. Who can decipher any financial pitfalls like a spelunker for the money life we all lead. If done right The ups will be tremendous highs, and the downs will be easily stress free as we can cover any emergency due to the financial smarts and cash hoard we have stashed by not being victims to these interest rate trickery by the banking institutions.

Continue reading