Is it really worth the risk?

Is it really worth the risk?

Would you agree with me if I said everything in life worth having involves taking some kind of risk?

Everything we decide to go after in our lives has some level of risk involved in order to achieve what we want.
Taking risks of course can be scary, but the risk of doing nothing is worse.
The outcome is never certain but the rewards can be great.
Without taking risks we could miss out on so many opportunities and dreams.
Life is a series of calculated risks with no guaranteed outcome.
Some risks that are worth taking include;
The risk of failing
The risk of failing is one of the hardest risks of all for us to take.  Think about it for a moment when we don’t fail we succeed and when we do fail we succeed because we will have to find another way to do it in order to succeed.  Emotions are often what hold’s us back from taking the calculated risk in order to succeed.
The risk of making a mistake
To succeed in life we need to be able to make and admit our mistakes.  If we are not making mistakes we are not trying enough new things in our lives.
The risk of never being good enough
We will either be good enough or we will not.  But without taking the risk we will never find out and the risk of not knowing is greater than the risk of making a mistake.
The risk of love
To risk saying I love you and not to be loved back.  Of course it will hurt if we tell someone we love them and they don’t say it in return but it is better to take the risk and say I love you than wait and miss out on the opportunity of love altogether.

Sometimes It Is Okay Not To Be In Control

Today was one of those days!

One of those days when you are just not in control!
You know the kind when nothing is going quite right, and things are not going the way you want them to go.
No matter how hard you try and turn it around you just can’t.
No matter what you just can’t seem to get through everything that needs to be done.
There are complaints…..
Big ones….ugh….unintentional mistakes but mistakes nonetheless.

The 5 Top Financial Mistakes That Women Often Make!

Women are working now more than ever before.

Juggling life as a professional business women, wife and mother.

Women are living longer than their male counterparts and therefore need to be more financially savvy about how their money is going to last them throughout their lifetime.

Unfortunately however women are still not allowing themselves the valuable time that they need, to get themselves educated when it comes to their finances.

For the Love of Money!

Do you love money?

What does it mean to love money?

Do you love to spend money?

Do you love to save money?

Maybe you even love to give it away.

Do you think there is even a difference between loving money and spending money?

I am not talking about having an obsession with money.

I am talking about the relationship that you have with your money.

I think it is important for you to understand the relationship that you have with money.  If you want to be successful with your money you need to come to terms with what it really means to love money.

You see along with money always comes the emotional feelings either positive or negative.

You will either love money or you will hate it.  When you think about money it will either bring you feelings of joy and excitement, making you happy and calm or it will bring you feelings of worry and fear, making you stressed and anxious.

I think for you to be able to reach your financial dreams and goals in life you need to be able to move away from the stress that your money brings you and be able to look at your money in a whole new way.   You need to know how to love your money and how to treat and manage your money in a way that is going to serve you better.  You need to have a better understanding of your finances in order to gain the positive outcome that you are looking for in your financial life.  For most this means you being able to partner with a specialist who will provide you with the right tools to enable you to manage your money better, which in turn will lead you to positive feelings towards your money, helping you let go of your negative experiences and lead you to a stress free financial relationship with your money.

If you feel like you need to partner with a specialist on how to love your money in a more positive way call my office today and schedule a free consultation appointment with me at 239 288 0977. 

Double Your Money - The Rule of 72

I don’t know about you but I like things explained to me in simple terms.

Do you know what I mean?

I like things explained to me in terms that are easy to understand.

Do you ever feel when someone is explaining something to you that they are talking to you in a foreign language.

Do you ever want to respond with “so basically what you are saying is..…”

Because I do (actually I really do!!).

Do you ever feel that financial strategies seem difficult to understand?

Have you ever thought to yourself, if things were easier to understand, maybe my investments would be making more money for me!

Well let me explain the rule of 72 to you and I will keep it simple.

To figure out the rule of 72 you take the number 72 and divide it by the annual rate of interest that your money is earning to determine how many years it is going to take for your money to double.

In other words if you are getting a 1% rate of return a year.  It is going to take you 72 years to double your money. 

So to a 30 year old who is thinking of investing $10,000 in a bank CD with a 1% rate of return, they will be 105 years old by the time their money has doubled and they have $20,000.

If we take that same person but this time they were to put their $10,000 into an investment that they were going to get a 4% rate of return on their money  now their money will double every 18 years, so by the time they reach the age of 65 they will have $40,000. 

Starting to look better isn’t it?

Well, how would it look if again we took that same person and we were able to get them  an 8% rate of return on that same $10,000, this would then double their investment every 9 years so by the time they reached 65 they would have $160,000.  Now that is a much better investment.  I am sure you will agree.

So I think you will see that it is vitally important to learn the basics in order for you to reach your financial goals, in other words you need to have your money invested wisley in order for it to do the best job for you and help you achieve that financial independence that we are all looking for in our retirement years.