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Paul Interviewes best selling author Emron Andrew. They discuss practices found in his book “Millionaire by 30.” Don’t let the name fool you. Everyone can use this information.
Index To Wealth Management Content
Wealth management, isn't this why we all get up and do what we do every day? Hopefully to create and manage enough wealth for our long term for financial security. Regardless of your earning potential, we all need to learn how to manage our wealth. Many of the articles below will give you a springboard to concepts and ideas. Start thinking about how you need to manage your wealth. What areas do you need to learn about?
Wealth Management – Why Pay Off Your Mortgage?
01/30/2009 by
From the desk of Paul Nichols: President of Financial Abundance Inc.
Most homeowners have the misconception that the wisest method to accelerate the payoff of their home is to simply pay extra principle payments on their mortgages. Other homeowners are lured into thinking that bi-weekly mortgage payment plans are the answer. Still other homeowners utilize a 15-year mortgage rather than a 30-year mortgage amortization. In actuality, none of these methods usually prove to be the wisest method to accomplish a “free and clear” home.
Withdraw Cash From Your IRA or 401(k) Annually With No Tax Consequence
01/08/2009 by
Most Americans are lured into saving for retirement with traditional qualified retirement plans, such as IRA’s and 401(k)s. They are convinced by financial advisors to contribute pre-tax dollars to 401(k) plans or place tax-deductible contributions into IRAs because of the tax advantages during the contribution and accumulation phases of their retirement planning. They seem to ignore the two most important phases – when withdraw your money for retirement income, and when you pass away and transfer any remaining funds to your heirs.
Parkinson’s Law
01/05/2009 by
From the desk of Paul Nichols: President of Financial Abundance Inc.
C. Northcote Parkinson is probably most recognized for his book entitled Parkinson’s Law. It states that “work expands to meet the time envelope allowed.” Give it a shot- give someone a task with a deadline of 2 days, and it will be done near the end of the 2nd day. Give the same task to another person and give them a week to complete it. You can bet that the task won’t be completed until the waning hours of the 7th day.
What’s Buffett Buying?
12/23/2008 by
From the desk of Paul Nichols: President of Financial Abundance Inc.
In a recent article Warren Buffett wrote:
“THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
So… I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.
Portfolio Management: Should You Switch to Cash?
12/22/2008 by
From the desk of Paul Nichols: President of Financial Abundance Inc.
I’m sure the thought has crossed your mind, especially with the roller coaster stock market we are currently experiencing. “Why not just put all of my investments in cash, just until the market stabilizes?” Many investors are acting on that thought. Through the first six days of October, $19 billion was pulled out of mutual funds that invest in United States stocks. That’s equal to the ENTIRE MONTH of September 2008 according to TrimTabs Investment Research.
How Do You Manage Your Equity?
12/17/2008 by
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This week Paul interviews best selling author Doug Andrew. They discuss common mistakes people make when working with equity, and how to make it work for you.
The Pirates of Manhattan
10/17/2008 by
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Paul interviews best selling author Barry James Dyke. They discuss the behind the scenes actions in modern finance, and discuss that one of the best places to invest is… yourself!
Portfolio Construction Investor Quiz
06/05/2008 by
Must Answer Questions for Confident Investing
Successful people learn from the mistakes of others, yet the investment world is littered with people making the same missteps over and over again. What are they and how can we avoid them? Let’s take a look at some of the more universal strategies that investors use that cause financial heartache.
Financial Planner: Initial Consultation
05/13/2008 by
How we can help you:
If you’ve been concerned about your investments, it may be time to meet with us at Financial Abundance. Unlike other advisors, we are not affiliated with any firms that are paid through commissions or product sales.
Our Mission
05/13/2008 by
Our goal at Financial Abundance is to save the world one investor at a time. We want to play our part in the solution to create peace of mind for individuals, families and businesses about their investments. This can be accomplished, through education and understanding with research and studies from Nobel laureates and professors at leading universities around the country. We want to show people that they can, for the first time in their lives, have peace of mind about how they invest; that sleepless nights of doubt can be converted into confidence about their direction regardless of the current economic conditions. Regardless if you’re from Penn State or the state pen you can learn how to be a prudent and educated investor.
Philosophy
05/13/2008 by
Financial Abundance operates under the core belief that education plus understanding leads to clarity and confidence; resulting in peace of mind. This is extremely rare to find with traditional financial planning today.
People have at their disposal unlimited resources and information regarding their personal finances. From 24-hour news channels to the World Wide Web, we are bombarded with messages that are often confusing, conflicting, and sometimes simply inaccurate.
While some may think this technology has made it easier for people to plan for their retirement, for many it has not. In fact, people are more confused than ever and are jeopardizing their financial future by following various fads and strategies promoted in the main stream press.
Through our Investor Education Programs, we help people cut through the rhetoric. In order to improve the likelihood of success, we teach our clients to implement a method of portfolio management used by most corporate pension plans today. We shun common myths of investing like stock picking, market timing, past performance and the use of fund managers. Instead, we guide each client through a program that not only educates, but ensures the necessary steps are taken toward reaching your investment goals.
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Common Sense Videos
It’s Your Money
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