My Heart to Heart Conversation with Arianna Huffington…

Default player for video on RE.com


Last week, I was invited to the Huffington Post offices in NYC to sit down and chat with founder Arianna Huffington. In addition to running a media empire, Arianna is the author of the #1 New York Times bestseller, Thrive (now in paperback.)

Thrive is the kind of book that can truly impact your life—I know it impacted mine in a really big way. I’ve already shared it with so many of my friends and family members and now I’m happy to be sharing it with you.

I invite you watch this heart-to-heart conversation I had with Arianna. It will only take a few minutes. We talked about:

* How burnout is often the price of success (yet, it doesn’t have to be…)
* The critical importance of sleep, meditation and renewal
* What Arianna’s motto, “Onward, upward and inward” really means…
* Transformation can begin by changing just one keystone habit
* What it means to have your own “thrive tribe”

Arianna also touched upon her own story, where in a moment of personal crisis she was able to gain the perspective she needed to make life saving changes. She’s one of the most honest, open and present individuals I’ve ever had the pleasure of meeting—and I’m honored I had the opportunity to interview her.

Thrive paperbackSo do yourself a favor, watch the video and pick up a copy of Thrive in paperback. Then give yourself the gift of reading it. Click here to purchase it.

Oh, one more thing—during the interview, Arianna mentions her new six-week Thrive eCourse with Oprah. It will help you go from knowing what you need to do in order to thrive to actually doing it. You can check it out at Oprah.com/Thrive.

Thanks for reading—and enjoy Thrive. I know you will.

Live rich!

David Bach

P.S. When we were done shooting this, Arianna interviewed me about my upcoming tour, Smart Couples Finish Rich: The Retirement Seminar. We’ll share that video very soon but registration for this brand new seminar just opened. Get all the details and reserve your seat by clicking here.

 

 


How to Stop Fighting with Your Partner Over Money

TODAYLogoDavid Bach on The Today Show

It’s said that the #1 cause of divorce is fighting over money, but the good news is it’s a fixable problem. Watch my video clip from The Today Show for my strategies on how to stop fighting over money with your partner and instead start working as a team.

DavidBachTodayShow

David Bach on Today Show Radio on SiriusXM 

After my Today Show segment this morning, I spoke with Today Show Radio on SiriusXM todaysiriusxmto share a little more on the topic of couples and money. If you and your partner fight about money, it’s important for you to know that you can fix it. Find out why I recommend focusing on saving and not spending as an important strategy. And…I also announced that I’ll be presenting Smart Couples Finish Rich: The Retirement Seminar live and in person this April and May. Sign up for your invitation at the top of my website here. You won’t want to miss this!

 

What Do 500,000 Women Know that You Should Know Too?

swfr_hi-resI’m thrilled to share with you that our Smart Women Finish Rich® seminar is back! We just announced our 2015 locations and registration is now live!I wanted you to be among the first to know, so consider this my personal invitation to experience this popular 90-minute seminar, based on my New York Times bestselling book. If you’re a member of the FinishRich community, it’s possible you’ve taken one of my classes in the past. And if you haven’t, this is a great opportunity.Over half a million smart women have already attended – now it’s your turn to join the ranks and discover the 9 Steps to Living and Finishing Rich, including how to:• Align your investing strategy with your values• Avoid the 5 biggest investment mistakes women make• Take steps toward achieving financial security in good times and bad

• Protect yourself and your family from the costs of long-term care

• Help your parents pass their assets to the next generation – and you to yours

• Teach the young ones in your life about money

And much, much more! 

When you attend you’ll also receive a copy of Smart Women Finish Rich plus an interactive workbook containing the tools you need to plan for financial security and fund your dreams. 

Classes are taught by our Smart Women Financial Education Team, all personally trained by me, and are packed with valuable strategies to help you achieve financial security. Chances are, you’ll want to bring along other smart women who you care about, so they can benefit as well. We’ll be presenting 160 seminars in 40 cities across the country throughout February and March. Tuition is $15 and because you’re a member of the FinishRich community, I’m extending you a special offer to bring a friend for FREE. Just use the code ‘DAVIDVIP’ on the registration page.

Thanks again for being a part of this community! And guys, don’t worry. Soon we’ll have an announcement for seminars that you can come to. Until then, please consider sharing this with a smart woman in your life who you think could benefit from the course.

Live and Finish Rich,

David Bach

P.S. Don’t forget to bring a friend for FREE when you use the code ‘DavidVIP’. Click here to reserve your seat today. These classes are fun, the learning can be life changing and it’s all done in less than two hours.

 

Understanding the 2014 Economy and Outlook for 2015

As you’ve seen in the past year I have taken on a new role as Vice Chairman of Edelman Financial Services.

We just sent our clients our annual Year in Review letter and outlook for the new year. This letter is packed with valuable information and insights so I wanted to share it with you, too. Now’s your chance to see exactly what we told our clients as we get underway in 2015, including the remarkable thing that happened over the last two weeks of 2014, our take on the outlook for 2015 (including some reasons to be concerned) and the best approach for your portfolio in the new year.

It’s a long letter so I’m providing a summary below, but please, do yourself a favor and take a few minutes to read it in its entirety here.

  • 2014 was good for big company stocks, but most other stock sectors fared far worse. Energy, commodities, foreign stocks, natural resources and emerging markets all fell in 2014.
  • While a diversified portfolio earned less, its goal is to manage risk, not maximize returns.
  • Amazingly, all the sectors that were down for the year displayed remarkable gains in the final two weeks of the year — demonstrating the importance of being patient and maintaining your globally diversified portfolio.
  • 2015 is looking good, but there are some worries: If interest rates rise, as many expect, bond prices could fall, some of them sharply. Regulators are also warning consumers about variable annuities and non-traded REITs, two products that produce big commissions for sales reps.
  • The best approach for the new year is to maintain cash reserves, stay diversified, remain focused on your long-term goals and recognize that 2015 may see higher levels of volatility than we experienced last year. Let our diversification and rebalancing strategies do their job for you!

Read the entire Year in Review letter here.

At Edelman Financial Services, we’re here for you!

If you have financial questions, need to speak with a financial advisor or want a second opinion on your current portfolio, our team at Edelman Financial Services is here to help. At Edelman Financial Services, we manage $14.4 billion for more than 26,000 clients1 – people just like you. And as you can likely gather from our Year in Review letter, we’re devoted to taking great care of our clients and helping each and every one enjoy financial and personal success.

To reach us right now, click here or simply call (855) 215-7171 – and tell my colleagues that I sent you!

Live Rich,

David Bach
Vice Chairman, Edelman Financial Services 
Founder, FinishRich.com

P.S. Calling all smart couples! I’ll be sharing an exciting announcement with you in the coming weeks involving several special events we’re planning on the topic of couples and retirement — and I’m asking for your help!

What are the burning questions you’d like answered when it comes to planning a happy, secure retirement with your partner? Click here to get more details and to ask your question. I value your input and it will help me to create content that focuses on solving your challenges, answering your questions and helping you achieve financial freedom with your partner. So, ask away! I look forward to hearing from you…and stay tuned for more event details coming soon.

1 As of December 31, 2014

Why It’s Still Important to Have a Financial Plan

FinancialPlanCoupleResized

It’s hard to believe it’s been seven years since the 2008 credit crisis.

Events certainly got people to focus on their personal finances and the good news is that focus seems to be continuing.

According to an annual survey by Allianz Life, more Americans plan on getting help this year with nearly a quarter (23%) of respondents saying they are more likely to seek the advice of a financial professional in 2015, up from 19% in 2013.

In addition, The Harris Poll just posted survey results showing that Americans have enjoyed a respectable follow through ratio for their 2014 financial resolutions. Forty three percent planned and followed through on cuts to household spending, 37% planned and followed through on paying down their debt, 35% planned and followed through on saving more in 2014, 26% planned and followed through on saving more for retirement and 15% planned and followed through on getting rid of one credit card.

That’s Great News, But These Statistics Are Still Too Low

Too many people are still doing a bad job at managing their finances. And reducing spending isn’t the same as creating and abiding by a complete financial plan.

What prevents so many people from forming a plan? About a third of those polled (30%) in a past Allianz Life survey said they “don’t make enough money to worry about it.” But that’s crazy: The less money you have, the more important it is that you make the most of what you have! And a plan can help you do this.

Perhaps people don’t plan because they are unaware of the importance of doing so. Or perhaps they question the value.

If that’s you, try this: Prove your theory. Come meet with one of our advisors and let us show you the value. Call us so you can see just how valuable financial planning can be for you, your family and your future.

It’s Time To Take Action In 2015

I joined Edelman Financial Services as Vice Chairman last year. For more than 14 years I’ve been focused on financial education – and Ric Edelman has, too. People often ask me, “David can you refer me to a financial advisor that you personally recommend?” And I’m so thrilled to be able to say, “Yes, absolutely. Talk to an advisor at Edelman Financial Services!”

At Edelman Financial Services, we manage $14 billion for more than 26,000 clients 1 — people just like you. Our youngest client is 18 and our oldest is 94. Some of our clients have come to us with as little as $5,000, while many others have invested millions of dollars with us. I want to encourage you to click or call today for your no-stress, no obligation complimentary review of your investments. Contact us today or simply call (855) 215-7171–and tell my colleagues that I sent you!

P.S. What’s holding you back from making the decision to call today? It’s time to take that first step into your future! Contact us today.

1 As of September 30, 2014

What’s Your Financial IQ?

concernedcouplemedJust last week, results were revealed from a recent RICP® Retirement Income Literacy Survey designed to determine whether people who are nearing or already in retirement have the knowledge they need to successfully plan for a financially secure retirement.

I wasn’t entirely shocked by the results and I feel it’s important to share them with you because the insight to be gained is critically important to your own financial success.

The results were this: Out of 1,019 Americans, aged 60-75 with at least $100,000 in investable assets who took this basic 38-question quiz, a staggering 80% failed.

Why the high failure rate?

It’s actually pretty simple. It’s a matter of financial education. Many people just don’t know what they don’t know. And it’s really not their fault. Financial literacy has never been taught in schools and it’s barely taught in the workplace. To make matters more complicated, the government is constantly changing the tax laws. (If you’ve read any of my books you already know, I’ve been on my soapbox about this for my entire career.) Lastly, the financial services industry has a history of using fear and confusion to market rather than providing solid financial education. Although, I’m happy to say that this is finally changing.

Americans lack basic retirement planning education and this must be fixed or it will have dire consequences — not only for individuals — but for our economy and society.

I don’t say this to scare you. It simply is what it is. Eight thousand baby boomers are going to turn 65 every day for the next 18 years. They’ve got to seek and be provided with simpler tools and financial education that empowers them.

Financial education is the foundation necessary to build a secure financial future.

What I have learned over the many years as a financial educator is that people want to be responsible for their own financial futures. The problem is most of them just don’t know how to get started. Or, if they’ve taken steps in certain areas, they’ve neglected others.

Where do you stand when it comes to your own financial literacy? If you’re reading this newsletter, chances are you’ve read one or more of my books or attended one of my seminars and that’s a great start. If you haven’t, I’d recommend reading Smart Women Finish Rich, Smart Couples Finish Rich, The Truth about Retirement Plans and IRAs, or The Truth about Money for starters. Tune in to Ric Edelman’s radio show or visit either of our sites, FinishRich.com and EdelmanFinancial.com, for lots of free content and resources. And while you’re there, check out the seminars we offer as well. The resources are all there for you — right at your fingertips.

When you know better, you do better.

The survey identifies that to increase retirement income literacy, having a written retirement plan has been found to not only be effective in leading to better planning and financial decisions, but it’s also an effective vehicle for education.

The good news is that the results showed that 63% of those surveyed have a financial planner.

But here’s what’s important to note: Only 27% of that group actually have a formal, comprehensive, written retirement plan. What that really means is that a lot of these people think they have a financial planner but in reality they have a sales person who sold them something, rather than a fiduciary based financial planner.

Financial education plays a huge role here because when you are informed enough to know what questions to ask and know what to look for, you can protect yourself against bad planners and sales people. An educated client is the best type of client for a good financial planner with the fiduciary duty to work in your best interests (as opposed to his own best interests or those of his employer.)

So, my next question for you is — do you have a formal, comprehensive written retirement plan?

If you don’t, my hope is that these survey results are enough to show you that you need one. On the other hand, if you are working with a good financial planner and you have a retirement plan in place, excellent! And keep in mind that just as you go to the doctor each year to assess your health, you must revisit your retirement plan to ensure you’re staying financially fit. I like to think of it as a “financial check-up.”

You’ve got to create a plan, work a plan, then re-evaluate the plan annually, and if needed, start all over again. It’s simply not a once and done process. It’s just like going to the doctor or dentist, you need to meet with your planner annually and review EVERYTHING.

This retirement income literacy survey certainly sheds some light on the work that needs to be done, and I’m confident it can be done. Financial education is the key and where it all begins.

If you need help with planning your retirement, reach out to us at Edelman Financial Services, where our core belief is that everyone deserves great financial advice.

We manage $13.7 billion dollars for more than 26,000 clients1 and have been helping people just like you for more than 25 years. Contact us today for your free, no obligation retirement portfolio review or simply call (855) 215-7171 and tell them David sent you.

1As of September 30, 2014

Are You Taking Control of Your Financial Future?

DavidFITWe wrapped up our 2014 Smart Women Finish Rich® seminar tour just last week, where over 3,000 smart women signed up to attend events in 14 markets over the last 30 days. Our team of instructors had the honor and pleasure of meeting so many of you who took time from your busy personal and professional lives to make it a priority to join us.

The response we received from women across the country only confirmed what we already know — women are stepping up in a big way to take control of their own financial futures and that of their families.

Thank You for Joining Us

If you attended one of the 75 seminars offered, congratulations. If you missed it, take heart! Based on demand and the feedback we received, Edelman Financial Services will be bringing the Smart Women Finish Rich seminars back for 2015. Stay tuned as we’ll be announcing cities and dates very soon. Once we do, clear your schedule, mark your calendar and make the commitment to be there. Why? Read on!

(Men, bear with me here. We have seminars being planned for you, too.)

Ladies, You are an Economic Powerhouse

You can’t pick up a newspaper or magazine lately without reading about the huge breakthroughs and advances women are making when it comes to wealth creation, business and education. The numbers say it all — women are on track to earn $18 trillion this year in America. Women own 10 million businesses and are opening them at a rate of 2:1 vs. men. Women control over $14 trillion in assets and 83% of all purchasing decisions as well. Women are graduating from college at a faster rate than men and now make up over 50% of undergraduates and earn nearly 60% of all graduate degrees. Women even make better investors, consistently outperforming their male counterparts.

What’s the Driving Force?

According to a recent Women, Power and Money study (conducted by Fleishman Hillard and Hearst media), women are motivated by the desire to achieve financial security for themselves and their families.

When I look back over the many years that I’ve been teaching values-based financial planning through my Smart Women Finish Rich books and seminars, security as a value is almost always on the top of everyone’s list. It’s one of several values that can be the driving force behind making smart financial decisions. The key here is to identify what your own personal values are when it comes to money.

What’s Important about Money to You?

Pinpointing exactly what’s important about money to you not only makes it possible to plan your future intelligently, it also makes it easier to stick to your plan. Once you identify what your values are, you will do more to protect them than just about anything else in the world. Values are not tasks or resolutions, like “spend less,” “save more” or “keep the house clean.” Values are not things we get bored with. Values are what we believe in. They are what motivate and shape us — and are the foundation of the holistic approach we take toward financial planning at Edelman Financial Services and in our Smart Women Finish Rich seminars.

So, What (if Anything) is Holding Women Back?

It’s being called “The Confidence Gap.” What we’re seeing happening is that even though women are experiencing huge breakthroughs when it comes to their finances and careers and overall are influencing today’s economy (and our future economy) in a major way, there’s a hesitation to fully step into their power and take complete control of their financial destiny.

Research conducted by Fidelity revealed that 52% of women still think their husband or male partner does a better job overseeing the family finances. An astounding 80% of affluent females consider themselves “beginner investors,” compared to 50% of men. And only one in eight members of Gen Y calls herself the primary decision-maker when it comes to personal finance. It’s time for all that to change.

Through our Smart Women Finish Rich seminars, our goal is to be a catalyst for eliminating “The Confidence Gap” — through education, empowerment and support.

The Time to Take Action is Now

I know from experience that when it comes to financial education, women tend to take action when they are experiencing a life changing event like a divorce, death of a spouse or job loss — because they’re forced to. But consider this. According to the National Center for Women and Retirement Research, there’s a 90% chance that a woman will be the sole decision maker for family finances at some point in her life.

And with an estimated $22 trillion in assets projected to shift to women by 2020, I urge you to be proactive instead of reactive. You can do this — and we’d like to show you how.

If you missed our Smart Women Finish Rich seminar, no problem. Contact us today to have one of our advisors reach out to you or simply call (855) 215-7171. At Edelman Financial Services, we will get you started with a plan to help you take full control of your financial future. We’re here for you!

Have a great weekend everyone!

How to Cut Back on Your Double Latte Factor

Stop being ripped off by what I call the Double Latte Factor. What’s the Double Latte Factor? It’s the stuff we sign up for monthly with a “subscription fee.” You know the stuff…like your phone that you’re on right now, the cable TV that’s playing in the background, the gym membership you’re probably not using anyway. Right now go fix and renegotiate just one thing. It could save you hundreds, if not thousands annually. I called my phone and cable provider this week and in five minutes got a new package that saved me $800 over two years. Pick a monthly fee that drives you crazy and try to renegotiate it now.