It has been over three years since I provided an update on the investments that I hold. Anyone who has attended a Financial Learning Experience has heard me say that it is important to INVEST money and to do so every single time you are paid money.
At the end of our live events, I am regularly asked or emailed the following question:
“What mutual funds do you recommend?”
My answer is always, “I don’t recommend mutual funds. I can only tell you the investments I own. In general, they have worked well for me. The investments you choose are up to you.”
So today, for those inquring minds who want to know … I am publishing some of the mutual funds/investments that I own. Click the image to see a larger version.
I have went even further in my analysis this time to indicate my portfolio diversification. Over the past several months, I have been writing and speaking to the fact that I am diversifying my investment portfolio to include land and real estate. The portfolio below indicates some of those decisions.
- As you may have noticed during the latest recession, a rising tide will lift all ships and a lowering tide lowers all ships. If you have market funds, you saw this happen. There were many great companies that retained profitability throughout the market downturn, but their stock value was pummeled due to the overall market conditions. While I have been greatly diversified in my investment choices, I was diversified WITHIN the stock market. This is one of the reasons that I have made a focused effort to diversify my holdings beyond the open market.
- I believe it is important to maintain margin. Cash on hand is essential to the long-term success of any effort – personal, small business, or large business.
- Some of these funds are not open to the general market, which is why they do not have a “Ticker Symbol”, but I am able to invest in them through my previous employer’s 401(k) plan.
- One reason I hold so many mutual funds is because of a variety of 401(k), 403(b), Roth IRA, and 529 holdings – each plan has different mutual fund selections available.
- I do not “eat, sleep, and breathe” the stock market on a daily basis. I update my net worth once per month, but rarely jump in and out of funds. Day trading is definitely not for me.
Investment Junkies: What are your thoughts on my portfolio? What are some key funds that you really like that have worked well for you?
This month the US National Debt has increased by $98,640,261,756 since our last update on February 18, 2011. This is actually around a 36% smaller increase compared to the increase between January to February.
National Debt as of 3/28/2011
If you divide the national debt by the 308.8 million people in the US, each individual’s portion of the debt is over $46,100.
If you were told today that you would have to repay your portion of this debt, could you? Or are you living paycheck to paycheck, and a debt like this would cripple you financially?
Let me ask you question:
Do you know more about American Idol (or insert your other favorite TV show) than you do about personal finances?
If you do, how messed up is that?
Here’s the news flash – American Idol, Survivor, The Amazing Race, Glee, Your Favorite Sports Team, Cake Boss, and Pawn Stars are not going to change your life. Managing your personal finances well CAN affect your life in a HUGE way.
If this is you, TODAY is the day that you make “managing your money well” your TOP PRIORITY.
If this is you, I would love for you to email me HERE and tell me what your next big financial step is!
One of the biggest reasons the crusade is able to help people accomplish far more than they ever thought possible is because we have trained Financial Coaches all over the country. When we partner with a church or organization for a live event, we teach valuable principles and tools that equip people and provide them with hope and inspiration. But at the end of the day, we have to travel back home.
It is the Financial Coaches we train that provide the ongoing 1-on-1 help and assistance people need for their individual financial situations. Helping people put together a plan and showing them HOW they can win with their money is the most important thing, and Financial Coaches make it possible.
You might be interested in becoming a financial coach as well, but haven’t had the opportunity to go through our live training. The reason is usually we either haven’t been to your area or your church hasn’t launched a financial ministry yet. It might be that your church has been waiting for someone like you to step up and start the financial ministry!
Do you want to be a vital part of this crusade to help others win with their money? Are you winning with the management of your own personal finances, and are passionate about helping others accomplish the same? We are PUMPED to introduce you to possibly the most life-giving and joy-filled opportunity you may ever find:
Become trained to be a financial coach!
For only the second time EVER, we are making it possible for the right people to become a part of the crusade no matter where they live! The Financial Coaching Experience will be taught LIVE ONLINE on SATURDAY, April 9th, from 9AM to 3PM Eastern Time!
On-Line Financial Coaching Experience
DATE: Saturday, April 9, 2011
TIME: 9AM – 3PM
COST: $295 – includes all materials
- Passionate about helping others win with money
- Winning with your own money
- Committed to providing financial coaching to those in your community
- Step by step process for launching your own financial coaching
- Hands-on application of the tools with real-world scenarios
- Access to the I Was Broke. Now I’m Not. Team
- Access to the tools and documents that can be revised to suit your organization’s needs
- All necessary materials
- The opportunity to network with others who are becoming financial coaches
- A Certificate of Completion
Get fired up and click HERE to register for the class!
I was speaking with Pastor Eddie Foster (Family Life Assembly of God – Katy, TX) recently, and he said something that was INCREDIBLE!
He said, “We need to understand the difference between what is IDEAL and what is REAL.”
This is an absolute truth for so many people when it comes to their finances. Let’s explore this for a moment.
- IDEAL You want to save $500/month
- REAL You want to save $100/month
- IDEAL Your spouse would love the budgeting process (and the math) as much as you
- REAL Your spouse believes Satan L. Lucifer himself invented math
- IDEAL You want to go to a 7-day Caribbean cruise that costs $4,000
- REAL You have $1,000
- IDEAL You make $100,000 per year
- REAL You make $40,000 per year
I have seen many people become paralyzed because they do not have the “ideal” situation – so instead of doing what the CAN DO, they choose to do NOTHING.
Are you focusing too much on the “IDEAL” and allowing it to distract you from acknowledging what is “REAL”?