I love looking back at the prior year to find lessons I should have learned from the previous twelve months. Maybe it’s just my love of reminiscing, but even if you’re just starting out on your investing journey I think this is a good time to search for ideas to remember later. History often repeats itself, so you’ll be a better saver if you keep in mind some of the Continue reading this post >
When News Strikes How Does “The Smart Money” React?
I get incredibly excited when one of my clients decides to begin investing. The biggest eye opener for these new investors? People tell me over and over that they can’t believe investing doesn’t require nearly the skill or persistence that it takes to become great in the arts. It’s difficult to become a painter, a sculptor or an actor. An investor? Actually Continue reading this post >
No Money For Investing? Here’s The Simple Step To Begin
Artists know that there’s truth in projecting. We project thoughts onto a stage, a canvas, paper….and suddenly what was once in our head is a living work. We’re fascinated by it. We’ll work hard to bring these images into existence.
Saving money is also about projecting.
A reader last week wrote to me. She was frustrated with her financial situation, and mentioned that you had to “have money to make money.” She asked Continue reading this post >
How to Create an Investment Portfolio
Remember when you started the journey toward becoming an actor, singer, writer, painter, or whatever type of artist you may be? You probably didn’t know much about many of the technical aspects of your craft.
Well, it’s similar with investing.
The first question I’m often asked when someone is ready to begin his or her investing journey is, “Where do I start?” That’s always a difficult question to answer because it could mean a number of things:
Yesterday I was reading a piece about retirement planning. The author, a popular money guru, was making the case that before anything you should save toward retirement. I laughed when I read it because as an artist who also works with artists, I’ve learned to challenge assumptions. Most of the creative people I work with would like to retire, but they’re also into living a balanced life: they aren’t going to give up their art today to put a few Continue reading this post >
In the 1986 classic movie Wall Street, Bud Fox (played by Charlie Sheen) is a young up-and-coming stockbroker who’s trying to make his mark in the world of finance. As he’s adjusting his tie before a big meeting with the titan Gordon Gekko, he says, “Life is made up of a few big moments. This is one of them.”
Well believe it or not, if you expect to receive a tax Continue reading this post >
The Art of Stealing Good Financial Habits
I was recently drawn to a new book by Austin Kleon called Steal Like an Artist. As an artist, who also works with many artists, I thought it was an important book to read…especially since I don’t feel like I (or any of my clients, for that matter) are thieves.
Kleon says that in order to maximize creativity, you must realize that everything has already Continue reading this post >
Remember setting up domino chains when you were a kid?:
I think artistic people understand more than others what these falling dominoes can represent. One positive result leads to another: an artist is shown in a gallery in Los Angeles, and a dealer in New York sees the show. That leads to a second show in Manhattan. An actor scores a part in a play that’s attended by a big producer. The actor’s next role is Continue reading this post >
Sounds too good to be true, doesn’t it?
I realize I talk a lot in Abundance Bound workshops and this blog about avoiding “too good to be true”.
But there’s a good chance that you’ll be able to easily implement THE SAME strategy I used to pocket more money NOW.
How did I do it? Easy. I paid attention to taxes.
How can five little letters (t.a.x.e.s.) put people to sleep so easily? It’s the same for me. I can’t stand tax discussions. Continue reading this post >
In our last post I discussed (among other things) setting up an automatic savings plan. I’ve received some questions about why this works. If you’ve found that you have trouble starting your automatic savings plan, today’s piece is for you.
I’ve found something awful happens when a dollar appears in my wallet.
I spend it.
Maybe this doesn’t sound like a special revelation, but over the course of the last week I asked a few friends if money disappears from their wallets. It Continue reading this post >