financial planning: High net worth people are different - 11/14/11 02:55 PM
I scanned this article today and initially I thought it was obvious. However, if you don't know how to manage your money then having and maintaining a high net worth will be hard. That's why you see lots of celebrities broke after years of making millions and millions of dollars. "Calgary will and trust lawyer Coady Cormier has spent the past 13 years advising people who are worth more than $1 million on how to best protect that money. Along the way, he has noticed some trends in how that money is managed and the attitudes of the wealthy. Some of … (3 comments)
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financial planning: Rich Dad - Don't Take Loser Advice - 01/16/09 11:00 PM
Robert Kiyosaki sometimes writes for Yahoo! Finance. His articles are insightful and this week's couldn't have been more bang on.Taking advice in this economy that equates to doing the same thing you have always done will get you worse than the same results. It could lead to a very uncomfortable financial future.Who can say what will happen with the stock markets and economies around the world. Don't bet your future on a salesman's spiel. "So what is wrong with those giving the advice and those following it? Now that the markets have crashed and trillions have been lost, these so-called experts … (2 comments)
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financial planning: Do You Have 10 Years To Spare? - 10/29/08 12:05 AM
I'm signed up with Financial Partners for their email updates, although I don't know how much stock I put in their viewpoint today's email was interesting.The part that really hit home was the amount of time a needed to recoup losses after the ups and downs of the market recently: "A 50% capital loss requires a 100% gain to recover monies. In order to make 100% returns an investor targeting 7% p.a. needs more than 10 continuous years of 7% p.a. returns. Or over 16 years at 4.5% p.a." If your retirement fund is in stocks that means a minimum of … (0 comments)
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financial planning: That Is Exactly The Problem - 05/01/08 08:49 PM
If you're poor or relatively poor, it's possible to have many of the things the middle class has," "It's just that you have to pay for them for a longer period of time." Michael Haan, a sociology professor at the University of AlbertaFocusing on needs not wants puts a lot of people into financial debt, they have to stop digging the hole. Perhaps this is why we have Gen X and Y in so much debt. When graduates start work they are looking a minimum of $20k student loans and credit card debt. Mix that in with a poor understanding of … (2 comments)
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financial planning: This And That - 09/12/07 08:01 PM
Turn Alberta Into An Energy Superpower "I believe we now have an opportunity -- an opportunity unlike any other in our history,...A once-in-several-lifetimes opportunity to transform ourselves forever." Kevin Taft Alberta's Liberal Party Leader MoreYour 30's are a crucial make or break time financially "Your income is rising, but so are your expenses and debts. Most families in this age bracket have children, who, wonderful though they are, tend to boost living costs." Liz Pulliam Weston MoreOil Prices Hit Record High"Crude oil prices briefly rose to a record $80 a barrel in New York Wednesday before easing back down." More … (2 comments)
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