This episode is actually out of the request from a couple of people, having to do with debt and finances. It turns out that in the United States, very few people really are prepared for retirement or getting themselves prepared for retirement. How important is that? Let me go backwards a little bit, because most people are well before the age of retirement, and they live paycheck to paycheck. Actually, 61% of the American public live paycheck to paycheck. 63% don’t have $500 for an emergency. … [Read more...] about 61 – What happens if your paycheck stops?
Today I’d like to talk about a different topic that I’ve actually never heard before. Everybody has heard, of course, about compound interest. You know how you put aside so much money at a certain age, say 25, $100 a month, and you’d have 1.5 to 2 million dollars by the time you’re older. I want to talk about compound interest in reverse. Think, instead, of the bank. When you have debt, the bank has loaned you money or put it into an account to gain interest, just like you’re supposed to put … [Read more...] about 56 – Reverse Compound Interest can Kill You
Today let’s talk about success. Success in the form of getting what you want, and I’m not talking about the children and stuff like this, but having the money, the investment, the resources that can take care of you and your family. That is: Do you really want to succeed? I know that sounds like a funny question, but how many people are really willing to put in the effort to get that house on the hill or on the waterfront? Every day I see something on TV or in the news that talks about the … [Read more...] about 53 – Do YOU Really Want Success?
Today we’re going to discuss: How are, or did you raise your kids? It sounds like I’m actually talking about raising kids. Wait, it’s really going to be about you and success, but it’s a great way to do it analogically (if that’s the right word). At times it is useful to reflect on how you educate your kids if you want to see how to have business success Remember a couple of episodes ago when I talked about immigrant mentality, and the strong desire to be better and succeed, and how … [Read more...] about 52 – Kids are Reflections on Your Future
Thank you, first of all, for all the input and everything I’ve gotten from folks, the support, the rankings and reviews that I’m getting on iTunes and Stitcher, particularly iTunes where I can see the rankings. We’re number seven. To me, that’s absolutely awesome to be ranked at number seven in “What’s Hot” on iTunes. Again, I just thank you all, to all my supporters; I really appreciate it. Those rankings help us get more coverage. Today what I want to discuss is just the opposite of what we … [Read more...] about 43 – Keep and Expand Business Advantage