August 8th, 2008 cate
From businessweek:
“Digging into retirement accounts before retiring is a big no-no. Americans should heed two methods to safeguard savings: set aside a liquid cushion and buy disability insurance.
Concerned about being laid off this year? Hey, it’s a legitimate worry. David Wyss, chief economist for Standard & Poor’s, believes as many as 750,000 Americans will lose their jobs in 2008. That’s why financial planners always advise keeping at least six months’ worth of expenses in a liquid account, like a money-market—advice astonishingly few Americans take. Have you ever worried about becoming disabled? Surprisingly, few Americans have disability insurance either, another huge concern.
Nearly 1 in 5 Americans will become disabled for one year or more before the age of 65, according to the Life Foundation, a nonprofit organization dedicated to helping consumers make smart financial decisions. The number of workers who become disabled has risen by 35% since 2000, according to the Social Security Administration.
Because more Americans know of someone who has been affected by a disability, there is increasing concern about this issue. In fact, a recent survey by Berkshire Life Insurance found that 25% of Americans are worried about losing their jobs within the next six to 12 months because of weakening economic conditions, while 28% are concerned about losing their income because of an accident or illness that would make them unable to work.
The study also revealed that 41% of employees with 401(k) or similar retirement accounts would be willing to borrow from such accounts to cover lost income.
“Taking money from your retirement accounts before you retire is like robbing yourself to pay yourself,” says Larry Hazzard, a senior vice-president at Berkshire Life. “It’s generally not a good idea to stop contributions to your retirement accounts because you….” RRead the rest
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August 7th, 2008 cate
By general consensus, Planet Earth
(The complete series) has been deemed quite simply the greatest nature/wildlife series ever produced. Following the success of The Blue Planet: Sea of Life, this astonishing 11-part BBC series is brilliantly narrated by Sir David Attenborough. Each 50-minute episode covers a specific geographical region and/or wildlife habitat (mountains, caves, deserts, shallow seas, seasonal forests, etc.) until the entire planet has been magnificently represented by the most astonishing sights and sounds you’ll ever experience from the comforts of your living room.
The premiere episode, “From Pole to Pole,” serves as a primer for things to come, placing the entire series in proper context and giving a general overview of what to expect from each individual episode. Without being overtly political, the series maintains a consistent and subtle emphasis on the urgent need for ongoing conservation, best illustrated by the plight of polar bears whose very behavior is changing (to accommodate life-threatening changes in their fast-melting habitat) in the wake of global warming–a phenomenon that this series appropriately presents as scientific fact.
With this harsh reality as subtext, the series proceeds to accentuate the positive, delivering a seemingly endless variety of natural wonders, from the spectacular mating displays of New Guinea’s various birds of paradise to a rare encounter with Siberia’s nearly-extinct Amur Leopards, of which only 30 remain in the wild.
With so many of Earth’s natural wonders on display, it’s only fitting that the final DVD in this 5-disc set is devoted to Planet Earth: The Future, a separate 3-part series in which a global array of experts is assembled to discuss issues of conservation, protection of delicate ecosystems, and the socio-economic benefits of understanding nature as a commodity that returns trillions of dollars in value at no cost to Earth’s human population.
At a time when the multiple threats of global warming should be obvious to all, let’s give Sir David the last word, from the closing of Planet Earth’s final episode: “We can now destroy or we can cherish–the choice is ours.”
Get Planet Earth now
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August 5th, 2008 cate
What is the difference between these millionaires and you? Not much. They are just like you except they have lots and lots of money. Can you, too? Answer: Yes.
From rd:
“When you think “millionaire,” what image comes to mind? For many of us, it’s a flashy Wall Street banker type who flies a private jet, collects cars and lives the kind of decadent lifestyle that would make Donald Trump proud.
But many modern millionaires live in middle-class neighborhoods, work full-time and shop in discount stores like the rest of us. What motivates them isn’t material possessions but the choices that money can bring: “For the rich, it’s not about getting more stuff. It’s about having the freedom to make almost any decision you want,” says T. Harv Eker, author of Secrets of the Millionaire Mind. Wealth means you can send your child to any school or quit a job you don’t like.
According to the Spectrem Wealth Study, an annual survey of America’s wealthy, there are more people living the good life than ever before—the number of millionaires nearly doubled in the last decade. And the rich are getting richer. To make it onto the Forbes 400 list of the richest Americans, a mere billionaire no longer makes the cut. This year you needed a net worth of at least $1.3 billion.
If more people are getting richer than ever, why shouldn’t you be one of them? Here, five people who have at least a million dollars in liquid assets share the secrets that helped them get there.
Set your sights on where you’re going
Twenty years ago, Jeff Harris hardly seemed on the road to wealth. He was a college dropout who struggled to support his wife, DeAnn, and three kids, working as a grocery store clerk and at a junkyard where he melted scrap metal alongside convicts. “At times we were so broke that we washed our clothes in the bathtub because we couldn’t afford the Laundromat.” Now he’s a 49-year-old investment advisor and multimillionaire in York, South Carolina.
There was one big reason Jeff pulled ahead of the pack: He always knew he’d be rich. The reality is that 80 percent of Americans worth at least $5 million grew up in middle-class or lesser households, just like Jeff.
Wanting to be wealthy is a crucial first step. Says Eker, “The biggest obstacle to wealth is fear. People are afraid to think big, but if you think small, you’ll only achieve small things.”
It all started for Jeff when he met a stockbroker at a Christmas party. “Talking to him, it felt like discovering fire,” he says. “I started reading books about investing during my breaks at the grocery store, and I began putting $25 a month in a mutual fund.” Next he taught a class at a local community college on investing. His students became his first clients, which led to his investment practice. “There were lots of struggles,” says Jeff, “but what got me through it was believing with all my heart that I would succeed.”
Educate yourself
When Steve Maxwell graduated from college, he had an engineering degree and a high-tech job—but he couldn’t balance his checkbook. “I took one finance class in college but dropped it to go on a ski trip,” says the 45-year-old father of three, who lives in Windsor, Colorado. “I actually had to go to my bank and ask them to teach me how to read my statement.”
One of the biggest obstacles to making money is not understanding it: Thousands of us avoid investing because we just don’t get it. But to make money, you must be financially literate. “It bothered me that I didn’t understand this stuff,” says Steve, “so I read books and magazines about money management and investing, and I asked every financial whiz I knew to explain things to me.”
He and his wife started applying the lessons: They made a point to live below their means. They never bought on impulse, always negotiated better deals (on their cars, cable bills, furniture) and stayed in their home long after they could afford a more expensive one. They also put 20 percent of their annual salary into investments.
Within ten years, they were millionaires, and people were coming to Steve for advice. “Someone would say, ‘I need to refinance my house—what should I do?’ A lot of times, I wouldn’t know the answer, but I’d go find it and learn something in the process,” he says.
In 2003, Steve quit his job to become part owner of a company that holds personal finance seminars for employees of corporations like Wal-Mart. He also started going to real estate investment seminars, and it’s paid off: He now owns $30 million worth of investment properties, including apartment complexes, a shopping mall and a quarry.
“I was an engineer who never thought this life was possible, but all it truly takes is a little self-education,” says Steve. “You can do anything once you understand the basics.”
Passion pays off
In 1995, Jill Blashack Strahan and her husband were barely making ends meet. Like so many of us, Jill was eager to discover her purpose, so she splurged on a session with a life coach. “When I told her my goal was to make $30,000 a year, she said I was setting the bar too low. I needed to focus on my passion, not on the paycheck.”
Jill, who lives with her son in Alexandria, Minnesota, owned a gift basket company and earned just $15,000 a year. She noticed when she let potential buyers taste the food items, the baskets sold like crazy. Jill thought, Why not sell the food directly to customers in a fun setting?
With $6,000 in savings, a bank loan and a friend’s investment, Jill started packaging gourmet foods in a backyard shed and selling them at taste-testing parties. It wasn’t easy. “I remember sitting outside one day, thinking we were three months behind on our house payment, I had two employees I couldn’t pay, and I ought to get a real job. But then I thought, No, this is your dream. Recommit and get to work.”
She stuck with it, even after her husband died three years later. “I live by the law of abundance, meaning that even when there are challenges in life, I look for the win-win,” she says.
The positive attitude worked: Jill’s backyard company, Tastefully Simple, is now a direct-sales business, with $120 million in sales last year. And Jill was named one of the top 25 female business owners in North America by Fast Company magazine.
According to research by Thomas J. Stanley, author of The Millionaire Mind, over 80 percent of millionaires say they never would have been successful if their vocation wasn’t something they cared about.
Grow your money
Most of us know the never-ending cycle of living paycheck to paycheck. “The fastest way to get out of that pattern is to make extra money for the specific purpose of reinvesting in yourself,” says Loral Langemeier, author of The Millionaire Maker. In other words, earmark some money for the sole purpose of investing it in a place where it will grow dramatically—like a business or real estate.
There are endless ways to make extra money for investing—you just have to be willing to do the work. “Everyone has a marketable skill,” says Langemeier. “When I started out, I had a tutoring business, seeing clients in the morning before work and on my lunch break.”
A little moonlighting cash really can grow into a million. Twenty-five years ago, Rick Sikorski dreamed of owning a personal training business. “I rented a tiny studio where I charged $15 an hour,” he says. When money started trickling in, he squirreled it away instead of spending it, putting it all back into the business. Rick’s 400-square-foot studio is now Fitness Together, a franchise based in Highlands Ranch, Colorado, with more than 360 locations worldwide. And he’s worth over $40 million.
When extra money rolls in, it’s easy to think, Now I can buy that new TV. But if you want to get rich, you need to pay yourself first, by putting money where it will work hard for you—whether that’s in your retirement fund, a side business or investments like real estate.
No guts, no glory
Last summer, Dave Lindahl footed the bill for 18 relatives at a fancy mansion in the Adirondacks. One night, his dad looked out at the scenery and joked, “I can’t believe we used to call you the black sheep!”
At 29, Dave was broke, living in a small apartment near Boston and wondering what to do after ten years in a local rock band. “I looked around and thought, If I don’t do something, I’ll be stuck here forever.”
He started a landscape company, buying his equipment on credit. When business literally froze over that winter, a banker friend asked if he’d like to renovate a foreclosed home. “I’m a terrible carpenter, but I needed the money, so I went to some free seminars at Home Depot and figured it out as I went,” he says.
After a few more renovations, it occurred to him: Why not buy the homes and sell them for profit? He took a risk and bought his first property. Using the proceeds, he bought another, and another. Twelve years later, he owns apartment buildings, worth $143 million, in eight states.
The Biggest Secret? Stop spending.
Every millionaire we spoke to has one thing in common: Not a single one spends needlessly. Real estate investor Dave Lindahl drives a Ford Explorer and says his middle-class neighbors would be shocked to learn how much he’s worth. Fitness mogul Rick Sikorski can’t fathom why anyone would buy bottled water. Steve Maxwell, the finance teacher, looked at a $1.5 million home but decided to buy one for half the price because “a house with double the cost wouldn’t give me double the enjoyment.”
It’s not a fluke: According to the 2007 Annual Survey of Affluence & Wealth in America, some of the richest people “spend their money with a middle-class mind-set.” They clip coupons, wait for sales and buy luxury items at a discount.
No kidding! Talk show host Tyra Banks calls herself the Queen of Cheap and keeps perfume samples from magazine ads in her purse for quick touch-ups.
Sara Blakely, founder of the $100 million shapewear company Spanx, gets her hair trimmed at Supercuts.
And Warren Buffett, the third richest person in the world, according to Forbes, lives in the same Omaha, Nebraska, home he bought four decades ago for $31,500.”
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August 2nd, 2008 cate
Do you find yourself sometimes in situations where you are in contact with a person who you call your friend, but in reality, deep down inside you, you wonder why that person IS a friend?
For example, you hang out with, lets call this friend Patrisha, and while she is smart and fun and everything, there have been just too many instances where she just pisses you off. This happens over and over during the course of your friendship. She upsets you because she does selfish things that just caters to her own needs. Say, you’re out at a park with her and you both meet some very sweet, cute guys. For some bizarre reason, she dominates the conversation always and she makes sure you don’t get to spend more time with the guy you’re interested in, and who’s trying to get to know you better. She basically sabotages your opportunity to explore this new friendship with him because…who knows why.
She is, in fact, not interested in him; she simply doesn’t want you to see him.
Say also, for instance, that she meets some people who have the same interests as you do. She talks incessantly about them and when you ask if you can contact them because they seem to be in “your world,” she ignores you and avoids subjects where you will get to have contact with them.
Each time she does something that upsets you, you fluff it off and try to forget about it, but without a doubt, it happens again and again. You want to like her but she makes it so difficult to feel positive about her.
Yes. We’ve all met people like this. They are simply SELFISH opportunists. I’m not going to get into why that type of person is the way they are; that is futile.
The question is: why do you want to hang out with this kind of person?
The ole cliche goes, “Life’s too short….” right? I agree. It is. While some people will find forgiveness in their hearts over and over again, I tend to prefer to walk away from that situation. That is perfectly OK to do. Really. Otherwise, it causes unnecessary hurt and stress. Why would you continually subject yourself to this destructive element in your life. It’s not worth it. It will only manifest in illness. Just walk away and learn from the situation.
You should surround yourself with loving, TRUE friends. You deserve to be around good people so don’t feel badly if you must say goodbye to this “friend.” Life IS too short to waste on serial selfish people.
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July 17th, 2008 cate
Angels In My Hair is the autobiography of a modern day mystic, an Irish woman with powers of the saints of old.
When she was a child, people thought Lorna was retarded because she did not seem to be focussing on the world around her. Lorna remembers seeing not just the world around her but seeing equally vividly angels and spirits. For many years she assumed everyone saw the same.
As Lorna tells the story of her life, growing up in a poor family, later working in Dublin, marrying and experiencing family tragedy, the reader meets, as she did, the creatures from the spirit worlds who also inhabit our own – mostly angels of an astonishing beauty and variety – including the prophet Elijah and an Archangel- but also the spirits of people who have died.
Today, it is not only the sick and troubled who come to visit Lorna, looking for healing and consolation, but theologians of different faiths and the head of a religious order in Rome are asking her for guidance too.
This remarkable document is the testimony of a woman who sees things at the far end of the spectrum, beyond the range of our everyday experience.
More about Angels in my Hair
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