Posted on | December 2, 2013
Just a Rock in the Road
We’ve all pondered whether we’re the type of person who sees the glass as half empty or half full. Sometimes we question whether we are optimistic or pessimistic. But what if there was more to this than simply positive or negative attitude?
What if the answer had to do with the ability to see what others don’t see? Those who recognize opportunities where others see only obstacles are the ones that ultimately succeed.
These are the people who can create meaningful change for themselves and for the world around them.
The story of the Malibu boulder offers a perfect object lesson. Read more
Posted on | November 25, 2013
Linear vs. Exponential Growth
Imagine that you have a piece of regular copy paper. Picture folding it in half and then folding in in half once more time. Now imagine that we could fold this sheet of paper in half another 48 times.
How thick do you suppose that piece of copy paper would be after being folded a grand total of 50 times?
The answer may surprise you as it often does even to people who work with numbers like CPAs and tax attorneys. Their answer will vary anywhere from a few inches thick to a couple hundred miles in thickness. If you were to fold a single sheet of copy paper 50 times, it would be 93 million miles in thickness. Read more
Posted on | November 18, 2013
Are We Building Debt or Retirement Savings?
A recent eye-opening article on Zero Hedge may come as a shocker for people who are nearing retirement. The article by Tyler Durden reveals that over the past couple of years, nearly 60% of individuals participating in 401(k)s have stacked up more personal debt than they have retirement savings.
This means that the average person is deferring over 8% of their annual income towards retirement through their plan and Social Security taxes. That’s a sizable chunk of income, in fact it’s now one of the largest household expenses. Hello Wallet has found that the average worker nearing retirement only has about 2 years of replacement income saved. That’s about 15 years short of their expected lifespan post-retirement.
This trend means that retirement readiness remains stubbornly low. Read more
Posted on | November 11, 2013
The Malibu Rock
We’ve all heard the questions of whether we’re an optimist or a pessimist. Sometimes we’re asked whether we see the glass as half full or half empty. But it’s possible that there’s more to this than simply positive or negative attitude.
What if the answer we give had more to do with seeing what others don’t see? Those who see possibilities where others see only impossibilities are the ones who ultimately succeed.
These are the kind of people who can create change for themselves and for the world around them. Read more
Posted on | November 4, 2013
Why We Should Redefine Ourselves
A recent article by Tyler Durden has some stunning news for people thinking about retirement. The article points out that over the past couple of years, roughly 60% of 401(k) participants have accumulated more personal debt than they have retirement savings.
What this means is that the average person defers over 8% of their annual income towards retirement savings through their plan and Social Security taxes. What’s interesting is that people are putting more into their 401(k)s than is being matched by their employer. That’s not a bad thing, but there are far better ways of getting tax advantages. Read morekeep looking »