Hello! David J here again bringing you more of the steps on my journey toward financial independence.
This came up in the media recently. I hadn't really thought about it.
When I read it, though, it was an "Ah, HAH!" moment.
Y'know how you don't really have access to distributions from your retirement accounts until age 62 or so? Well, past age 70, certain accounts REQUIRE that you take a minimum distribution.
Ok, let's look at that for a moment. The Census bureau says that on average, 10,000 "booomers" a day reach mandatory distribution age. That means 10,000 more people are taking money out of Wall Street EVERYDAY!
Unless there are 10,000 new buyers available to pick up what the boomers' fund managers have to sell to give them those distributions, what will happen to the prices of stocks, mutual funds, etc.?
Just consider "supply and demand" as relates to prices. Where do prices (read: market values) go when there's an over-supply?
Anyone who is still years away from age 62 and has money tied up in Wall Street is about to lose what little is left after the last "crash".
So how can you protect your retirement savings?
We've already talked about self-directed retirement plans in previous posts, and we'll discuss them again in posts to come.
I just thought this important enough to get the word out to everyone by putting out a new blog post.
I'll do some more research and post the URLs I find along the way.
If you have any thoughts on this, feel free post them in the comments area. I'd like to know what you're thinking about this and what your thoughts might be on how we can plan ahead for this and be ready.
We'll talk again soon!
Take care - be well!
Much Success!
Sunday, July 08, 2012
Wednesday, July 04, 2012
What Is An Entrepreneur?
Hello! David J here again bringing you more of the steps on my journey toward financial independence.
I once saw "entrepreneur" defined as someone who undertakes a business goal without knowing how he's going to accomplish it, and without regard to the challenges which may arise.
Today, Corporate America is disaster of apocalyptic proportion. Companies are falling by the wayside like leaves in Autumn. Job losses for the past quarter are once again approaching 2009 levels - pink slips are again flying like confetti. It is reported that student loan debt in America now exceeds credit card debt at the same time that record numbers of jobs are evaporating, never to return.
The need for entrepreneurism is greater now than at any time so far in my lifetime, in my opinion.
Entrepreneurs do need education, but don't necessarily need formal degrees. We need only that knowledge which helps us attain our goals.
For example, ...
As mentioned earlier, recent counts of job losses hark back to the times when we were losing a half-million or more jobs a month. That's a disturbing turn of events at a time when we so desperately need economic recovery. Consumers losing their income and, hence, their ability to consume drags the economy down even further. Sales of just about everything, including necessities like food and clothing, are bound to be hurt.
Still, the current situation holds some odd paradoxes. This is potentially very valuable information:
We're now birthing more babies than we did during the post-World-War "baby boom".
At the same time, housing starts have not been as low as now since the early 1960s.
How can we bring new people into the world without providing places for them to live two or more decades from now? Some economists and market analysts believe that not only are we some 5+ million housing units behind where we need to be right now, we must also ramp up home starts from the current less than 500,000 per year to an average of 1.25 million new homes per year between now and 2050. Those figures even take into account retiring "boomers" and the backlog of foreclosures.
So how DO we do it?
What is the opportunity behind these portents?
How do we put foreclosed homes back into the active housing stock?
What can we do to provide new housing until the market recovers to where home building again becomes a profitable operation?
We'll consider those questions in future blog posts. In the meantime, feel free to enter your thoughts, ideas and comments below.
All feedback is welcome!
We'll talk again soon!
Take care - be well!
Much Success!
I once saw "entrepreneur" defined as someone who undertakes a business goal without knowing how he's going to accomplish it, and without regard to the challenges which may arise.
Today, Corporate America is disaster of apocalyptic proportion. Companies are falling by the wayside like leaves in Autumn. Job losses for the past quarter are once again approaching 2009 levels - pink slips are again flying like confetti. It is reported that student loan debt in America now exceeds credit card debt at the same time that record numbers of jobs are evaporating, never to return.
The need for entrepreneurism is greater now than at any time so far in my lifetime, in my opinion.
Entrepreneurs do need education, but don't necessarily need formal degrees. We need only that knowledge which helps us attain our goals.
For example, ...
As mentioned earlier, recent counts of job losses hark back to the times when we were losing a half-million or more jobs a month. That's a disturbing turn of events at a time when we so desperately need economic recovery. Consumers losing their income and, hence, their ability to consume drags the economy down even further. Sales of just about everything, including necessities like food and clothing, are bound to be hurt.
Still, the current situation holds some odd paradoxes. This is potentially very valuable information:
We're now birthing more babies than we did during the post-World-War "baby boom".
At the same time, housing starts have not been as low as now since the early 1960s.
How can we bring new people into the world without providing places for them to live two or more decades from now? Some economists and market analysts believe that not only are we some 5+ million housing units behind where we need to be right now, we must also ramp up home starts from the current less than 500,000 per year to an average of 1.25 million new homes per year between now and 2050. Those figures even take into account retiring "boomers" and the backlog of foreclosures.
So how DO we do it?
What is the opportunity behind these portents?
How do we put foreclosed homes back into the active housing stock?
What can we do to provide new housing until the market recovers to where home building again becomes a profitable operation?
We'll consider those questions in future blog posts. In the meantime, feel free to enter your thoughts, ideas and comments below.
All feedback is welcome!
We'll talk again soon!
Take care - be well!
Much Success!
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