If you seek liberty and are in the Dallas area this weekend, please join Jerry Robinson LIVE at the Liberty Mastermind Symposium, along with 15 other expert speakers from alternative media.
On this week’s program, Jerry Robinson opens up about his latest online business and shows you a case study of how to be successful in creating extra income on the web. If you are looking to start an online business, or if you have an online business, you won’t want to miss this information!
By Jerry Robinson | FTMDaily.com Editor-in-Chief
It has been a rough ride in the global economy as of late. If you are an investor, you know that great financial perils exist right now… but so do great opportunities. It is this ability to recognize those opportunities that separate those who are financially successful from those who are not.
Most of the financially successful people I know are doing extremely well right now. Many of them have confided in me that the last two or three years have been some of their best years ever. I would have to agree.
To understand why, consider that my definition of financial success is our Five Levels of Financial Freedom. Sure, not every successful person that I know has used our wealth building system. However, their financial lives are structured very similarly to those who have.
One common trait that nearly all financially successful people share is that they have a well diversified investment portfolio with exposure to several different asset classes, including stocks, real estate, and precious metals. Instead of getting hung up on which financial product to buy, they focus on their overall financial goals, which then leads to the creation of a financial strategy.
This really is a major difference that sets the wealthy apart. Unfortunately, most people do this backwards. They listen to the financial media and think in terms of which financial product is “best.” This is the typical approach to financial planning by most Americans.
In contrast, the wealthy person asks “What are my financial goals?” Then they create a financial strategy to meet those goals. The financial products they buy are determined by their financial strategy.
When I speak around the country, I am often asked by the audience where they should put their money. That’s the wrong question. That’s the question that will lead you to the poor house. The right question is: “What are my financial goals?” Until you can answer that question, you cannot create a solid financial strategy. And until you have a financial strategy, you cannot possibly know where to put your money.
Once after speaking at a conference in Washington, a woman who was in her 60’s came up to me to ask where I thought she should put her money. When I asked what her financial goals were, she replied, “My nest egg is all I have and I just don’t want to lose it. I want to receive an ongoing income from my investments without having to worry if I will outlive it.”
When I asked her if she had ever considered an annuity, she cringed and said, “Oh no. I hear those are bad.”
“Who says that annuities are bad?“, I asked. Her reply was telling. “That’s what I have heard on the radio,” she stated. I asked her if she always did her financial planning on AM radio. She chuckled and then continued to ask if I knew anything about an exotic currency (the Iraqi currency) and whether it was a “good” investment!
Bless this woman’s heart. Friends, this is exactly how the poor stay poor. They actually believe that the way to wealth is by picking the right financial products. Those who are wealthy, however, think strategy first, and products second.
Now I do not know if an annuity would have been right for her. That would have to be determined by her and her trusted financial advisor. But I can tell you that based upon her stated goals of creating a lifetime income stream from her nest egg, it should have at least been a consideration.
To further illustrate this point, consider this: I am a decent golfer and have a nice set of golf clubs. However, put me on the golf course with Tiger Woods and it does not matter how nice my clubs are. I could have the most expensive set of clubs on the planet and he could have the cheapest. It would not matter. Why? Because Tiger’s power is in his “swing”, not in his golf club. Its strategy, not product, that the wealthy consider first.
Your takeaway: Stop listening to the financial product pushers and instead focus on writing down your financial goals. Then, create a financial strategy for achieving those goals. Finally, consider which financial product would be best for reaching your goals. Don’t fall for the simple thinking that some products are good and some are bad. When you think this way, you fall into the financial salesman’s trap. Instead, some financial products are right for your particular goals while some are not right for your specific goals.
On this week’s program, Jerry Robinson and Tom Cloud discuss diamond investing at length. The possibility of a new diamond-backed ETF could signal a great buying opportunity. Also, the demand and supply conditions are lining up to make 2012 a tremendous year for diamond prices. Here to weigh in is veteran precious metals advisor, and diamond expert, Tom Cloud.
As the price of natural gas has been beaten down to under $2 this year, host Jerry Robinson sees this commodity going up in response to growing demand and decreasing supply. Jerry shares his analysis, as well as provides 5 long-term investment ideas for profiting from the eventual rise in natural gas.
Today, Jerry and Jay will reveal all the stocks and ETFs in the portfolio, as well as how you can invest in the portfolio! This is a brand new service offered by Jay Peroni, and he is here to tell you all about it. You do not want to miss today’s conference call!
Now is the time to begin building multiple streams of income! On this week’s show, Jerry Robinson shares 5 income streams that you can create now
Stephen Kinzer shares his insights on the impending threat of war in Iran, Operation Ajax, and the Blowback from Iran Since 1953
FTM (Jerry Robinson): Alright, well, joining me on the program today is Stephen Kinzer. He is an award-winning foreign correspondent who has worked in more than 50 countries. He has been a New York Times Bureau Chief in Istanbul, Berlin, and Nicaragua. He’s the author of many books, including the best-selling book All the Shah’s Men: An American Coup and the Roots of Middle East Terror. He’s also a professor of international relations at Boston University. My guest today is Stephen Kinzer. Stephen, thank you so much for joining me on “Follow the Money Weekly Radio.”
Should You Buy Facebook Stock?
Then in the second half of the show, Jay examines the upcoming Facebook Initial Public Offering (IPO). Is this a stock you should consider for your portfolio? Jay looks at the potential risks and rewards.
We called CCJ a buy at a trigger price of $18.90. It reached $23.03 on Jan. 19. (21.85% increase in 12 trading days!) Join now!
Although Rep. Ron Paul (R-Texas) is the GOP candidate currently polling around third in New Hampshire and second in Iowa, he has not been invited to a presidential-candidates forum hosted by the Republican Jewish Coalition on Wednesday, December 7th.
On this week’s edition of Follow the Money Weekly radio, Jerry Robinson takes the entire hour to discuss the global economic events that impacting the markets with precious metals advisor, Tom Cloud. Topics include: Europe, China, and the U.S., as well as gold, silver, palladium, and platinum prices.
HOUSTON – All current FTM Insiders are encouraged to tune in to our exclusive Weekly Conference Call with FTMDaily.com Editor-in-Chief, Jerry Robinson every Wednesday at 12:00pm CST.
On this week’s program, we begin with a brief update on the financial markets followed by this week’s Precious Metals Market Update with Precious Metals Advisor, Tom Cloud.
Then, in Segment Two, Jerry be joined in a special interview with best-selling author, Greg Autry who has co-authored a provocative new book, with Dr. Peter Navarro, detailing the darker side of the rise of China. The book is entitled Death by China.
And finally, in Segment Three, we’ll be joined by Retirement Specialist, John Bearss, in a special extended interview. Jerry will discuss with John the current state of retirement. Our discussion will include some key ideas and strategies for those nearing retirement to consider.
There will be no FTMWeekly Radio show this week as Jerry will be out of the office this weekend. In lieu of our regular weekly program, enjoy this recent interview with Jerry Robinson on Financial Survival Radio.
In 2010, the Russian MICEX Index has returned over 22%. And now in 2011, the index is already up 15%.
(In contrast, China is up only 5% so far this year. Brazil is down around 2% for the year while India has lost 10% so this year.)
So what’s behind Russia’s recent and dramatic rise?
When my daughter was younger, I used to offer her 25 cents for every item that she could find in our local Wal-Mart store that was not “made in China,” or some other Asian nation. Needless to say, she rarely walked out of the store with any money.
Over the last few episodes of financial strategies I have been talking about why cash value life insurance should be considered when developing a person’s overall retirement planning strategy. So today, I want to continue by talking about different ways of taking the money out of your cash value life insurance policy and the rules to each.
Will the Euro survive? Or will the Euro collapse? There are a lot of questions swirling around the debt-ridden Eurozone. Before I tell you my thoughts, let’s take a brief look at how all of this mess got started.
On Monday, the Dow Jones Industrial Average climbed back above the 12,000 level in intra-day trading, for the first time in a week, on news that AT&T would buy T-Mobile for $39 billion. The merger would make AT&T the nation’s largest wireless carrier.
Over the last few episodes of financial strategies I have been talking about why cash value life insurance should be considered when developing a persons overall retirement planning strategy. So today, I want to continue by talking about different ways of taking the money out of your cash value life insurance policy and the rules to e