In the down state of the economy I wonder where jobs, growth, and economic development are going to come from. I cant help but get excited when I enter a completed rehab project and think about the full circle of solutions and economic benefits provided. Take the following scenario.An investor, maybe someone who lost their job, decides to buy and rehab a home. The home they buy is a foreclosed, vacant, vandalized, and some would say ugly house....more
As the Baby boomers continue moving towards retirement and the global economic volatility, investors are increasingly looking to annuities to secure retirement savings. Accountant, advisors, bankers, brokers, money managers, or planners could all benefit from taking annuity courses to better serve their clients. It is estimated that one-third of all annuities are incorrectly titled; an issue that can easily be solved by financial advisors...more
Im a big fan of the 80/20 Rule. Also known as Paretos Principle, it states that 80% of an outcome is usually determined by only 20% of the inputs. It holds true for a surprising number and variety of things. For example:* 82.7% of the world GDP comes from the richest 20% of the population (1);* In general, 80% of a companys profits come from about 20% of its customers;* 20% of church members are typically responsible for roughly 80% of church participation, according to a survey published in 28nineteen.com.It doesnt always work out to exactly 80% and 20%, but the principle is usually a good rule of thumb. In fact, the derivation of rule of thumb comes from the 80/20 rule: Your thumbs account for 20% of your fingers but do 80% of their work. So the principle is fairly universal.I like the 80/20 rule not just because it helps us understand things, but also because it can help us manage things more effectively. Things like our finances.Thats why we named the tool to measure and manage a households finances The 8020 Worksheet. The main part of the worksheet lists the high-impact assets and liabilities, and the cash flow associated with each. Numerous lower impact financial items are...more
The value of any type of currency is not set in stone. Yet the value of websites and priceless materials and elements on the world is consistently going up. This is why it is always a sensible selection to put in into gold stocks. Gold is a website on this planet that is going higher in demand as the years progress. The wonderful thing about...more
Choosing a financial planner can be one of the more important decisions you will ever have to make and these financial advisor interview questions can help you make the right choices. A financial advisor will help you manage your assets so that you can pursue your financial goals. We feel a good financial planner strives not to limit themselves to...more
Medical and legal specialists believe that hip replacement failures particularly one now subject to DePuy Hip lawsuit may take its toll on taxpayers, insurers, employers and others in coming years. The forecast is contributed by the soaring cost of health care. The financial breakdown is thought to be huge and complicated since the episode involves a class of products, not just DePuys.Take as an example the case of Thomas Dougherty. The case represents one particularly costly situation involving a hip replacement failure. It took Mr. Dougherty five months without a left hip while he was mostly confined in a recliner, his medical bills skyrocketing.Mr. Dougherty underwent an operation in August to replace a defective artificial hip. However, his pelvis fractured soon thereafter. The replacement hip was soon given up for good. What set in was a serious infection. Therapy bills include $400,776 in hospitalizations, and $28,081 in doctors fees.Im sitting here on a La-Z-Boy meant for someone who is 80 and Im 55, according to Mr. Dougherty, who now lives in Groveland, Ill. The poor man works at the heavy equipment manufacturer, Caterpillar. His bills, he added, are five times as much as...more
Have you been feeling like running away from your finances? If so, take a deep breath, slow down and read this article. You can turn almost any financial situation around in less time than you think, if you follow the time-tested tips for financial...more
You can be both rich and happy . It is outstanding to have a huge bank account and at the same time, love life with your close relatives . Money alone will never buy you happiness ; but money can point you enjoy life more, which raises your felicity....more
Many people in America are taught nothing about investing, financial planning, or even simple budgeting. This is a huge problem when these people who never took the time to educate themselves find that they are ready to retire, but have no money to...more
Financial solutions or financial services is defined as the economic help provide by different organizations including govt. sponsored companies, banks, credit card companies, insurance companies, consumer finance, etc. All these organizations...more
The biggest challenge that most people face today is that of planning their finances. Financial planning is a key ingredient of being successful. Irrespective of whether you are planning a holiday or paying bills, understanding financial planning is...more
The relationship between a financial advisor and a client is one that requires trust and a mutual understanding. The client and advisor need to construct realistic income and lifestyle goals in order to formulate the best plan for the client's needs....more