Expert Interview: Cultivating an Attitude of Gratitude

Did you know there is scientific evidence that gratitude can lower your blood pressure, improve your digestion, reduce your stress and boost your immune system?

And it can have an amazing impact on how you respond to events, people and situations… and how they in turn respond to you.

The wonderful thing is that it can be cultivated and nurtured.  Result:  You bring out the very best in yourself and your life and the best in those whom you love, work and play with.

Buy Catherine Price's book, Gratitude: A NovelIn my 30-minute interview with best-selling author Catherine Price, you’ll discover some practical tips for cultivating an attitude of gratitude – and multiplying your blessings.

Catherine is the author of Gratitude: A Journal (available here on our Amazon store).  It’s a perennial best-seller that gives you a great way to keep a daily record of life’s little blessings, and it’s filled with a year’s worth of insights, prompts and inspiring quotes.

Listen to the interview here:  

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Download the audio of the interview here.

And tell us what you think in the comments box below!  What are you grateful for today?

30 Reasons Not To Worry
About A Market Crash

My favorite financial journalist is Brett Arends, a regular contributor to The Wall Street Journal and MarketWatch. He’s one of the very few who doesn’t have his head up his you-know-what.

Anyhow, Brett just published a tongue-in-cheek article about all the reasons the stock market is just going to keep going up and up. And I strongly encourage you to read it here.

Some of my favorites of Arend’s 30 reasons not to worry include…

  • Yes, stocks look expensive compared with annual sales, net asset values, gross domestic product, the replacement cost of company assets, and the average earnings of the past 10 years. But none of that matters because valuation measures are completely irrelevant.
  • You bears “just don’t get it.”30 Reasons not to worry about a Stock Market Crash
  • The S&P 500 is almost three times as high today as it was in 2009. Therefore it must be three times as good a deal!
  • People who aren’t bullish are losers and sissies.
  • Everybody on Wall Street says this is a great time to buy stocks, and if they don’t know, who does? [Read more…]

Beware the "Behavior Gap": Interview with Carl Richards

I’m delighted to share this fascinating interview with Carl Richards with you.  Carl writes a weekly essay for The New York Times “Your Money” section and has been a Certified Financial Planner for 15 years.  His witty sketches have appeared in numerous publications, including the Wall Street Journal, Morningstar and The New York Times.

Carl Richards

Carl Richards, the Behavior Gap™

Over the years, he noticed that the actual real-life returns the average investor gets are dramatically lower than the return of the average mutual fund.  He named this phenomenon the Behavior GapTM and began devoting his energy to explaining why the Behavior Gap exists and what constitutes smart investor behavior.

Carl recently shared his surprising insights, tips and strategies with me in an audio interview.  I hope you’ll listen to it today – I know you will find it very helpful!

You can listen to the interview by pressing the play button below, or you can download the entire interview as an Mp3 and listen on your own player or iPod…

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You can also download a transcript of the interview here.

Here’s what you’ll discover in this interview…

  • Why 80% of all actively managed mutual funds and investment advisors underperform the overall market
  • The #1 biggest mistake individual investors make over and over again… and why most will keep making it
  • The keys to being a smart investor
  • How to determine if you should be investing in equities at allfear-greed-cycle-high
  • The real key to happiness (it isn’t what you might think!)
  • How to practice “radical self-awareness” so you control your money rather than letting it controlling you
  • Why happiness is directly related to how much you focus on the things you can control
  • How to increase your wealth and happiness by focusing your energy on three things you do have control over!

You can listen to the interview by pressing the play button below, or you can download the entire interview as an MP3 and listen on your own player or iPod…

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

You can also download a transcript of the interview here.

Improve Your Financial Picture…

To find out how much your financial picture could improve if you added Bank On Yourself to your financial plan, request a free Analysis. If you’re wondering where you’ll find the funds to start your plan, the Bank On Yourself Authorized Advisors are masters at helping people restructure their finances and free up seed money to fund a plan that will help you reach as many of your goals as possible in the shortest time possible.

Six scary facts affecting your finances

A number of items have come across my desk recently that should spook the living daylights out of you…6 scary facts

Scary Fact #1:  40 percent of all workers plan to delay retirement

61% blamed the decline in their 401(k) for this.  And a majority said they’re prepared to spend less in retirement according to a new survey by Towers Watson.

scary fact 2

A recent study revealed Boomers and Generation X’ers are coming up frighteningly short on their retirement savings.

And when nursing home and home health care costs are added in, that shortfall doubles, according to a study released this month by the Employee Benefit Research Institute (EBRI).

Nearly half of both Baby Boomers and Gen X’ers won’t have enough funds to cover living expenses, according to an EBRI report released earlier this year.

Scary Fact #3:  New 401(k) disclosure rules don't put a lid on fees

New regulations announced this month by the Department of Labor will require better disclosure of all the hidden fees you’ve been paying in your 401(k), starting in January, 2012.scary bat

But, for all the noise on Capitol Hill about this horrifying issue, NO regulations have been proposed or even discussed to reduce the confiscatory fees you pay!

Even a one percent higher fee can cost an employee $64,000 or more in realized savings by age 65, according to the DOL’s own estimates.

The 401(k) situation is so bad that you will probably need to get an average annual return of 8% to 10% – just to break even!

Not convinced?  Check out the shocking exposé Pulitzer Prize-nominated journalist Dean Rotbart and I recently co-wrote on this.

Scary Fact #4:  Hope is not a strategy

We’re headed for a retirement train wreck, and it’s going to get really ugly over the next 15 years”

- Rob Arnott, a widely respected market strategist

In a well-researched article in this month’s Fundamentals Index Newsletter, the authors point out that the return assumptions built into pension and retirement plans today assume that “everything will go right.”  They’ve relied on unrealistic assumptions.  The authors also go on to demonstrate why returns are likely to be much lower in the future.

We’re relying on hope.  But hope is not a strategy; hope will not fund secure retirements.  We’re planning for the best and denying that worse can happen.  It makes far more sense to hope for the best, with plans for realistic outcomes – and contingency plans for worse ones.”1

 

Scary Fact #5:  40 percent of retirees were forced out of work early

Remember the scene from the 1983 movie classic, “The Big Chill,” where the character played by Jeff Goldblum asks…

“Have you ever gone a week without a rationalization?”

Well, many boomers today are trying to rationalize away the fact that they won’t be able to retire when and how they had planned by trying to convince themselves that retirement is overrated.  They now talk about continuing to work in some capacity as long as they can.

While there’s no question that this can give you more of a sense of purpose and fulfillment and keep you from dying of boredom, the reality is that many people are being forced to retire earlier than they can afford to.  Job layoffs and health issues are the primary reasons for this.

I love what I do, and I hope to be doing it for a long time.  But shouldn’t the decision to retire – or not – be a matter of choice, not necessity?

The reality is that you may not have a choice.  Nearly four in ten retirees say they were forced out of work earlier than they’d planned because of layoffs, poor health or the need to take care of a loved one, according to EBRI.

Scary Fact #6:  All Bank On Yourself policy owners received a guaranteed increase and a dividend - again

I was just checking to see if you were paying attention! That’s not a scary fact (unless you’ve been procrastinating on starting to Bank On Yourself).Halloween Cash

Whole life insurance is an asset class that has increased in value during every stock market decline and every period of economic boom and bust for more than a century.

A dividend-paying whole life policy grows by a guaranteed and pre-set amount every year.  In addition, the growth is exponential, meaning it gets better every single year with no luck, skill, or guesswork required to make that happen.

This gives you some protection against inflation and provides peak growth when you need it most (retirement).

A Bank On Yourself-type policy includes an option that turbo-charges the growth of your cash value in the policy.

You can know (rather than hope) the minimum guaranteed income you can take from the policy in retirement.

And, you can access the money in retirement with little or no tax consequences, under current tax law.

You can also have access to capital when you want it and for whatever you want.  No nosey credit apps or pledging your first born.

So, if you haven’t added Bank On Yourself to your financial plan yet, doesn’t it make sense to request a free Analysis and find out what your bottom-line numbers and results could be?

There’s no obligation, it’s not scary, and no one’s going to twist your arm!  If you haven’t already started to Bank On Yourself, please take the first step today and take back control of your financial future!
Request Your Analysis Button

1. “Hope is Not a Strategy,” Fundamentals Index Newsletter, October 2010 Issue

Wall Street Journal Exposes Stock Market Myths!

A very revealing article appeared in the Sunday, July 25 edition of the Wall Street Journal entitled, “Ten Stock-Market Myths that Just Won’t Die.”

Maybe you don’t quite believe what I’ve been saying for years.  This article confirms exactly what I’ve been trying to tell you…

WSJ 10 Stock-Market Myths That Just Won't Die

This article is must-reading for anyone who’s been scratching their head and wondering…

If what they say about the long-term returns you should be able to get in the stock market is true, how come I’m not rich?!?

Please pay particular attention to…

Myth #1: “This is a good time to invest in the stock market”

Myth #2: “Stocks on average make about 10% a year”

And the article author’s insight into Myth #10: “Stocks outperform over the long term” is priceless.

Request Your Analysis Button

I’ve quoted many sources confirming what this Wall Street Journal article says.  How many more sources do you need to hear it from, before you request a free Analysis that will show you how much your financial picture could improve if you added Bank On Yourself to your financial plan?gambling with your financial future and start knowing how good it could be!