Feeds:
Posts
Comments

Posts Tagged ‘Invest’

balance, life, invest, john navin

Kailey and Julia at the pumpkin farm

It seems we all get “stuck” every so often.  Sometimes I think it is only me who has hit this ceiling of complexity or a glass roof I cannot shatter, but it happens to everyone.  Thumbing through a book I wrote a few years back, a story of life reminded me of the cycles of life…..and breaking through those ceilings!

You may have ceilings placed upon you that were never considered ceilings. But if you have gone through life and been stuck at a certain point, look closely at what is causing you to stay stuck. Someone once told me (and for the life of me I can’t remember who), you need to always be growing personally and spiritually. If not, God will put you in a spot to force you to grow. True for me… in looking back, I thought of an example of just that.

Ten years ago I found my family was not really growing as a unit. We were in a holding pattern so to speak, coasting. My youngest daughter was diagnosed 9 years ago with diabetes. A 4 year old diagnosed with diabetes… hard to take, SURE! Family togetherness, bonding, unity, seeing your daughter rise to the challenge, overcoming obstacles, great lesson and great wake up call. (She teaches me more everyday about winning and striving, than I ever could have received from any book I read. (You have examples in your life too, look for them.)

I also learned a valuable lesson from Tracy. I was somewhat crushed when I left the doctor and had the diagnosis, having grown up with a brother with diabetes, I knew the struggles that were to follow. She said to me “What are you going to do? We are going to deal with this, move on, and grow.” That we did.

We all have struggles and problems. Of course we do, we’re not dead. Work through them, build upon them, challenge your beliefs, raise your ceilings, and win!

How do you overcome your struggles?

Read Full Post »

Really John?

Reinforcing good behavior and replacing the ones that are not so good, a good goal.  Successful people practice certain behaviors and non-successful people also exercise certain behaviors.  Looking at which behaviors are exhibited determines which way the day, week, life goes.

Behaviors of Successful People– Self responsible, take control, positive, happy, smile, express gratitude, say thank you, give praise, give attention, listen actively.

Behaviors of Non-Successful People–make excuses, irresponsible, lack control, negative emotions, anger, fear, resentment, guilt, envy, jealousy, worry.

Note: Habits can not be eliminated! They can, however, be replaced. It takes 21 days to replace a habit. By changing an action, you modify a habit, by changing a habit you modify your behavior.

The steps to change:

  • Form a clear mental image
  • Put positive pressure on yourself
  • Set goals with tracking timelines – A goal without a date is a dream
  • Do it for 21 days, then it becomes a new good habit or a Ritual
  • Enjoy the process. A day without laughter and a day without love is a day without life!

 IF you were to change one habit, or behavior what would it be?

What would the impact of that change be?

Read Full Post »

Make decisions when you are comfortable

What a traumatic time, mourning the loss of a loved one.  Soon to follow will be the financial decisions make, often creating even more stress. 

It is critical that your options be thoroughly explained to you, seek help from a trusted advisor before making any decisions.

 
You have a few options:

  • You can Rollover the balance of the funds to an IRA without incurring a tax liability. You may continue the tax deferral on future growth until you reach age 70½. At that time you are required to begin taking regular annual withdrawals.
  • Depending on your age, you may want to take the distribution as an income stream based on your life expectancy.
  • Keep the account in deceased spouse’s name, allowing for stretch in the future.

Take your time in making decisions, rarely is there a critical time crunch to get this done.  Year end tax planning would possibly be one of the reasons to move a little quicker, but don’t be pressured into making decisions until YOU are comfortable.

Invest in Balance

Read Full Post »

Ben knew the value of $1 saved

In 1790 Benjamin Franklin left $4,000 jointly to the city of Philadelphia and the state of Pennsylvania. He left instructions that the money should be conservatively invested, but not withdrawn, until 200 years after his death.

In 1990 this fund had grown to $1,500,000. The Pennsylvania State Legislature distributed the assets of the fund to several charitable foundations, including a scholarship fund for the students of Penn College.

Because of his remarkable foresight and planning, Benjamin Franklin continues to benefit thousands of lives even though he has been dead for more than 200 years. Franklin understood the interrelationship between time, money and compound interest.

His lump sum investment of a mere $4000 earned a modest 3.00% return, yet his money increased to $1,500,000 – 375 times the original value.

The road to security and increased wealth is not a “get rich quick” concept, rather prudent wise decisions.

What can you do to increase your savings?

Invest in Balance

Read Full Post »

Get to the cake anyway you can!

 

The title of this blog may draw in some of my friends seeking weird pictures, a stupid story or crazy memories of birthdays past. Sorry to report this is not such a post, but rather important years we need to remember as we age (I will tell stupid stories of birthday’s past, just not today, even though they be more interesting to some than the content below).  A few birthdays in your future will have big impact on your financial life.  Beginning at age 59, there are several key birthdays that can affect your tax situation, health-care eligibility, and retirement benefits. 

59½ — You can start taking penalty-free withdrawals from IRAs and qualified retirement plans, provided certain conditions are met. Ordinary income taxes generally apply to these distributions. (Withdrawals taken prior to age 59½ are subject to a 10% federal income tax penalty.) 

62 — You are eligible to start collecting Social Security benefits, although your benefit will be reduced by up to 30%. To receive full benefits, you must wait until “full retirement age,” which ranges from 65 to 67, depending on the year you were born. 

65 — You are eligible to enroll in Medicare. Medicare Part A Hospital Insurance benefits are automatic for those eligible for Social Security. Part B Medical Insurance ­ben­efits are voluntary and have a monthly premium. To obtain ­coverage at the ­earliest possible date, you should generally enroll about two to three months before turning 65.1 

70½ — You must start taking minimum distributions from most tax-deferred retirement plans or face a 50% penalty on the amount that should have been withdrawn. Annual required minimum distributions are calculated according to life expectancies determined by the federal government. 

1) Social Security Manual, The National Underwriter Company 

A story of one of my unforgettable birthdays will surely follow, in the meantime these milestones may help keep your financial world up to dat.

Read Full Post »

 

After trying to process 60,000 thoughts each day

 

 I woke up this morning around 4 a.m. and was working through some struggles in my life.  Thinking about work, implementing new ideas, kids and their activities and are they adjusting to high school, relationships–and why are they so hard sometimes, and then I realized, I keep having the same thoughts go through my head.  I need to change this.  The way I talk to myself and what I think about comes true.

The whole concept reminded me of a book I read years ago “What do you say when you talk to yourself”, by Shad Helmstetter.  A great book on how we have all these thoughts and most of them are the same.  Our talk to ourselves is typically negative.  Time to change that.  So I did.  I started doing some positive mantras, mental visioning and changing the way I was talking. 

Todays Thought:

Find time each day or at least each week to sit and reflect, meditate, or be alone. There is power in quiet time. It allows you to remove some of those 60,000 thoughts that keep going through our heads, and tap into some new ones.

Often times your answers to all your problems are in your head and the power of the universe. Rarely do we take the time to step back from our current situation and look at the big picture. When you do, the answers will come to you. Some of you will think its magic, but it has been happening for thousands of years. I can’t explain it, not sure why it happens, but it does!

How do you say when you talk to yourself?

Read Full Post »

Being you isn't always easy

Too often we allow others opinions to alter the way we view ourselves. A friend could tell us “That look is not you!” What do we do? We never wear that outfit again.

A prospect says “Ya know, I heard a lot of bad things about annuities. They aren’t such a good investment. Why are you even selling them?” If we are in a state of viewing our self as inadequate, we start to question ourselves. “Yea, why am I offering this?”, “Maybe he is right! or “I am no good at this.”

We have tendencies to take all this as personal attacks, which change the way we view ourselves. It’s amazing how someone who we just met can have that kind of impact on our lives. More often than not when someone is telling you their opinion they are trying to make themselves feel better, by making you feel worse.

What do you do when you feel people are insulting or criticizing you?

It is tough to work through, but I try to remember that what other people think of me is none of my business.

Read Full Post »

Older Posts »

%d bloggers like this: