Get Financially Fit!
Archive for September, 2006
Leading Your Wealth Team
Sep 20th
Reprint of original article posted on Liveoutloud.com
The foundations for your Wealth Cycle have been laid. Now what?
The last time, we looked at various investment options that are available to you, and the list is not exhausted with just those! It can seem confusing and overwhelming, and you may doubt your abilities to know what to do and when.
Your main focus is on your ultimate goals, and what a Wealth Cycle means to you. It will be up to you to keep your eyes on that focal point, as you lead others to help you achieve your vision.
What do I mean by leading others?
It’s actually pretty simple: no one that I and my team know has ever gotten wealthy by going it alone. That’s because when I am speaking about bringing to fruition your very dreams, it is a really big picture that we are looking at. Your vision will take work, from you, and a team that you create and lead.
The members of this team have expertise in their respective fields. No one expects you to be an accountant, financial planner, attorney, business coach, etc, all rolled into one and still have the time to achieve your goals. You’d quickly lose motivation if you had to wear that many hats! What those who have gained wealth realize early on is that they need the expertise of those professions, and the easiest way to bring that expertise into your corner is to invite it in.
Once you have decided on who you will need to help you achieve your goals, you will then select the individuals who mesh well with your personality, and are willing to be led by you to create the life that you want. This doesn’t mean that you are bossy or overbearing in order to get things done! It only means that only you know your vision, only you feel the true impact of the meaning of that vision for you, and you will want those who are helping you to understand that it is about you and your goals.
I believe so strongly in the establishment of a wealth team, that I have created this year, for the very first time, a national tour. I call it “Team Made Millionaire”, and it is a seminar that I offer to those who are truly interested in not just getting serious about their dreams, but are willing to invest the action it takes in order to live those dreams. I have had a couple of these seminars already, and I can’t tell you the overwhelming response of those who attend, and how willing they are to finally do that which up until that day, they had only entertained in their thoughts.
To finally stand up and say “Yes, this is what I want, and I want to find out what I need to do in order to accomplish it”, I can say is truly amazing. The energy that is brought to a person once they have decided to put their fears in the backseat and take the chance at the life they want is truly exhilirating – both for them, and for me and my team!
When you come to the realization that it will take a team to create your vision, you will bring yourself that much closer to your goal. How you create that team and implement your strategies will make the difference in the length of time it will take you to accomplish your vision.
One year from now, you will be so glad you started TODAY!
Loral Langemeier’s New Book Arriving in Oct. 2006!
Sep 15th
Maybe you own your home, have a few stocks or CDs, or contribute to a 401(k) plan that you barely pay attention to.
According to Loral Langemeier, that’s more than you need to tap into the wealth-building power of direct asset allocation.
What’s that?
It’s a proven system of financial strategies that the smartest (and richest) investors have been using for years. You don’t need tons of money. You don’t need special insider knowledge. All you need is The Millionaire Maker’s Guide to Wealth Cycle Investing.
5 ways to protect yourself against pretexting
Sep 13th
By Jeanne Sahadi, CNNMoney.com senior writer
That HP investigators got personal phone records of others without their consent shows how anyone pretending to be you can get access to your valuable personal information.
The Jet Set’s Shopping List Unmasked
Sep 4th
How do the very wealthy spend their money? You may not want to know.
Hannah Shaw Grove and Russ Alan Prince, two researchers, surveyed the group to find out who they are, what makes them tick, and perhaps most interestingly, what they spend their money on.
read more | digg story
Tips to Help Prevent Identity Theft
Sep 1st
by Brion Lau
On May 1st, Eric Heckman wrote a blog article called, http://www.financialfitnesspro.com/blog/?p=26“>Protect Yourself from Identity Theft.” Recently, I came across another article that was published by Consumer Reports back in Oct 2003. The key portion of the article I’d like to share with you are Consumer Report’s fourteen tips to reduce your chances of becoming a victim.
- Check your financial statements promptly and report potential errors immediately. This applies to your banking, brokerage, and credit card statements.
- Review your credit reports regularly. As I mentioned earlier, you are entitled to get a copy of your free credit report annually from http://www.annualcreditreport.com.
- Protect your personal information such as social security number, birth date, and mother’s maiden name.
- Opt out of all information sharing at your financial institution; check your company’s financial privacy notice, which is mailed annually and usually posted on their companhy website. Also opt out of pre-approved credit offers by calling the Credit Reporting Industry Pre-Screening Opt-Out Number at (888) 567-8688.
- Don’t carry ID that contains sensitive data when traveling unless absolutely necessary.
- Lock up your personal belongings in desks, cabinets, and safes at work and at home.
- Shred and destroy sensitive information with a cross-cut shredder. Also use hard-drive shredding software or remove and destroy your hard drive before discarding a computer since deleting files does not provide adequate protection.
- Guard your mail using a separate P.O. Box or install a locked mailbox at home.
- Always keep your eye on your credit card at retail locations to avoid “skimming”. Thieves can use a handheld card reader to copy the information from your card’s magnetic strip.
- Avoid using private or strange-looking automated teller machines (ATMs).
- Watch out for “shoulder surfers” when using pay phones or accessing the Internet in public. Also, don’t use cordless phones to conduct sensitive financial or medical business as your converation may be picked up on other phones (or by using eavesdropping equipment).
- Install firewall, virus-detection, and spyware programs on your personal and work computer.
- Quit your browser and log off after using the Internet in public locations. Don’t pay bills, bank, or conduct any financial transactions on public computers.
- Deal only with reputable websites and check their priavcy / security policies before making purchases, trading stocks, or banking online. Don’t respond to unsolicited emails requesting personal information.
- Create strong passwords with at least eight characters (alphanumeric).
- Finally, ask how your empoyer safeguards your records.
Although these tips were written almost three years ago, they still hold true and will help ensure your financial fitness!