Best Financial Tips for the Worst Year
2008 has been a challenging year for everyone. How you position yourself at your job or business and how you position your finances will be crucial for attaining wealth and keeping it. Here are 3 quick planning tips that you can use before year end:
1. Certificate of Deposits currently have higher rates than money market funds. A nice trick is to “ladder” different CDs with different maturity dates so you have access to funds at any time.
2. Pat yourself on the back if you have 30% or less in losses on your investments. That’s right- give yourself a reward. Currently the Dow, and the Nasdaq are down a lot more than that so you would have accomplished what 95% of all active fund managers couldn’t do ---beat the market.
3. If you do own actively managed mutual funds, you probably will have some large capital gain distributions at year end coming (if they are outside of a retirement plan). Sell some shares at a loss to offset those capital gain distributions so your taxes don’t go up in April.
Remember that part of being wealthy is having the right mindset. My clients have had huge gains in their businesses and in their lives this year because they had me- their Wealth Coach to help them keep their focus on what they really want to achieve and specific action to get there. Don’t let another year go by wondering if you are doing all you can with your money and if you will ever live the life you always wanted.
I am still taking on new clients so keep those referrals coming.
Can’t afford my services? Now you can! I am offering group coaching. Working with a buddy can help hold you accountable to your goals and support you. Click here for more info. Email me (email@example.com for the package you want to sign up for.
I have a special offer for you that ends on midnight December 31. Renew your coaching contract for the next year with a signed agreement and deposit and receive a 10% discount. See here for packages.
I will be sending a 6 question survey for you to fill out. Anyone who takes the time to fill it out by January 12th will get my most popular pdf report-6 Secrets of the Wealthy, free of charge.
For all you Twitter fans, you can follow me at http://twitter.com/wholeheartedway
May your days be merry and bright
Fern Alix LaRocca CFP® EA
Work Less and Play More in the Second Half of Your Life
Follow me on Twitter at
Follow me on facebook at
News Flash! - I will be holding FREE teleclasses:
PLEASE FORWARD THIS PUBLICATION to your friends and colleagues, and
invite them to subscribe as well at
Fern respects your privacy and DOES NOT give out or sell subscribers' names and/or e-mail addresses.
November 2008-- this column is produced by Whole-Hearted-Way and provided by Fern Alix LaRocca CFP® EA
P.O. Box 4067
Mountain View, CA
© Copyright 2009, Whole-Hearted-Way, All Rights Reserved.