Powerful Advice for Financial Success From Two Experts

Tony Robbins, intervention strategist, businessman and author, when discussing his book, “Money: Master the Game: 7 Simple Steps to Financial Freedom” said that when he was interviewing Warren Buffett for his book, he asked — “what are the secrets to your wealth? And he said it’s three things. No. 1, it’s being born in America. No. 2 is good genes, so I live long enough, and No. 3, is compound interest. Compound interest — people have no idea the power that it really has.” (USA Today, 2014)

woman saving jars

This is exactly the point I was making  in my article “Who Wants to be a Millionaire?” People generally underestimate the power of compound interest and never get started!  Remember, even if you’re saving less than you’d like, you ARE saving! And that’s better than putting it off and doing nothing.

Robbins also recounted a story about “Theodore Johnson, a UPS employee who never made more than $14,000 a year, but set aside 20% of every paycheck and put it into company stock. The man saw the value of his investments soar to more than $70 million by the time he was 90 years old.” A woman I personally know, who retired a millionaire, confided in me when I asked her about her success, that basically she’s “just been a good saver” as she put it. She always lived below her means, always saved, and only bought things she truly needed allowing her to save even more over her lifetime. The power of time and compounding interest did the rest.

The best advice I can give as a life/wellness coach echoes the words of these role models in finance.  START NOW…however you can…make a commitment to set aside 5-10% of your paycheck in a long-term investment account. If you’ve already begun, but you’re not happy with how your investments are doing, have an independent investment advisor like Anthony J. Mancini Investments take a look for you (at no charge, just mention my name) and see what can be done to improve them.

savings is key
Saving is the KEY to financial freedom.

Let me hear from you. If you’re a woman, are you already investing for your future like an empowered woman would? Tell me how. If you’re a man or woman, does investing intimidate you? What trips you up with creating a savings habit and being comfortable with an investing lifestyle? Answer at least one of the three questions in the comments. Look forward to hearing from you.

Source cited:
Hellmich, N. Tony Robbins’ 7 steps to financial freedom in retirement. USA Today. December 9, 2014. Accessed April 24, 2018. URL: https://www.usatoday.com/story/money/personalfinance/2014/12/09/tony-robbins-money-book/19278963/

Why do women need to get super excited about financial independence?

Are you a woman? Are you a millennial? Are you in a minority? There are a number of reasons why thinking about financial independence is critical to success in your life. And, more importantly, to your well-being in life. Listen to this quick 14-minute talk from a Lacey Filipich, a woman who began saving and creating a passive income at 19, which allowed her to take mini-retirements when she needed them in her life, and who describes herself as “time-rich.” Listen for the tips she shares which you can begin to practice in your life.


 


If you would like to take your net worth and wealth building to the next level, partner with professionals. An accountant for your business finances. An attorney for your legal needs. And an investment advisor for growing your savings.  I’ve been interested in investing since my early 20s. Since working with an investment advisor, I’ve learned that investing can be more secure that most people realize.  In fact, there’s a great statistic that if you invested in the index since the beginning of the stock market, the average return would have been 7% – that’s including all the lows and financial disasters over 202 years! That’s an incredible track record!

(The Sales Pitch Paragraph) The advisors at Mancini Investments (founded by Anthony J. Mancini) will help you grow your net worth over time, safely and soundly. For a lot less than you think it costs. In fact, research shows that having a professional invest your money yields at least 3% more than when you do it yourself. Let’s talk. And answer your questions. And get you on the right track. http://www.manciniinvestments.com

Women-Are You Making This Critical Mistake With Your Money?

prof women sofa

Ladies, money management and the world of finance & investing may not always be the easiest to understand. However, it is critical for our well-being and the ability to have options later in our lives. Money is like a tool. Learn how to use it well.

Enjoy my latest blog for managing your money:

https://www.manciniinvestments.com/women-are-you-making-this-critical-mistake-with-your-money

Powerful Advice for Financial Success From Two Experts

Tony Robbins, intervention strategist, businessman and author, when discussing his book, “Money: Master the Game: 7 Simple Steps to Financial Freedom” said that when he was interviewing Warren Buffett for his book, he asked — “what are the secrets to your wealth? And he said it’s three things. No. 1, it’s being born in America. No. 2 is good genes, so I live long enough, and No. 3, is compound interest. Compound interest — people have no idea the power that it really has.” (USA Today, 2014)

woman saving jars

This is exactly the point I was making  in my article “Who Wants to be a Millionaire?” People generally underestimate the power of compound interest and never get started!  Remember, even if you’re saving less than you’d like, you ARE saving! And that’s better than putting it off and doing nothing.

Robbins also recounted a story about “Theodore Johnson, a UPS employee who never made more than $14,000 a year, but set aside 20% of every paycheck and put it into company stock. The man saw the value of his investments soar to more than $70 million by the time he was 90 years old.” A woman I personally know, who retired a millionaire, confided in me when I asked her about her success, that basically she’s “just been a good saver” as she put it. She always lived below her means, always saved, and only bought things she truly needed allowing her to save even more over her lifetime. The power of time and compounding interest did the rest.

The best advice I can give as a life/wellness coach echoes the words of these role models in finance.  START NOW…however you can…make a commitment to set aside 5-10% of your paycheck in a long-term investment account. If you’ve already begun, but you’re not happy with how your investments are doing, have an independent investment advisor like Anthony J. Mancini Investments take a look for you (at no charge, just mention my name) and see what can be done to improve them.

savings is key
Saving is the KEY to financial freedom.

Let me hear from you. If you’re a woman, are you already investing for your future like an empowered woman would? Tell me how. If you’re a man or woman, does investing intimidate you? What trips you up with creating a savings habit and being comfortable with an investing lifestyle? Answer at least one of the three questions in the comments. Look forward to hearing from you.

Source cited:
Hellmich, N. Tony Robbins’ 7 steps to financial freedom in retirement. USA Today. December 9, 2014. Accessed April 24, 2018. URL: https://www.usatoday.com/story/money/personalfinance/2014/12/09/tony-robbins-money-book/19278963/