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Aquí Comenzó el Podcast de Potencial Millonario

Aquí Comenzó el Podcast de Potencial Millonario

Aquí esta el primer episodio de potencial millonario.

Amonzon Book cover

Wow, déjeme saber cual es su opinión sobre como ayudar a otras persona a llegar a estar libre de deudas, y llegar a tener mas dinero.  Le doy las gracia a Luis Gierbolini por ser uno de los primero en hablar sobre su experiencia después de haber leído el libro Potencial Millonario

Aquí Comenzó el Podcast de Potencial Millonario

Aquí Comenzó el Podcast de Potencial Millonario

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2014-11-08 11.59.27

Financial Infidelity, Really?

By: The Potential Millionaire.net / LEO Edition

Source: USAA Magazinelra logo  blue

Do you know someone that has committed Financial Infidelity?
Well here is the most important thing to do when avoiding falling into financial infidelaty. “Share information.” for the rest of the story.

Read this article by clicking on photo.

Courtesy of USAA

 

 

 

 

Do you know Someone that has committed Financial Infidelity?  For more articles that can help your financial life visit; www.potentialmillionaire.net

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How Can I Create an Emergency Fund?

By:  Felix A. Montelara

Author of Bulletproof Fiances

Cash Emergency Fund
Cash Emergency Fund

I will discuss the importance of  creating and having an emergency fund, which is a separate savings account that is only used for emergencies.

law enforcement officers can greatly reduce stress, minimize  ethical matters, obtain security clearances, by creating an emergency fund.  It is reported that  the national salary estimate of police and sheriff’s officer is $58,720.  this is a gross estimate and those not include automatic deductions like, taxes, and health insurance costs.

Having an Emergency makes good personal financial sense specially if you have a family that depends on you.  It advise that is found in the Bible  as well.  Proverbs 13:11 states “Dishonest money dwindles away, but whoever gathers money little by little makes it grow.”  This passage deals with two aspects of money management: how you earn your money and how you save it.

First, how is your money earned?  Do you work an extra part time job or several part time jobs?  lra logo  blueYou must know that when you do this you are trading your time for money. The trade may not be a bad choice f you balance it.  Times is one thing in this world you can’t get back.  Treading your time for money is a means of paying for material things: utilities, homes, clothing, etc.  It will not make a person happy by itself and can affect your life forever. Especially if you are missing out on lifetime events.

Creating an emergency fund can  be interpreted as working and saving a portion of your income more diligently, or it could mean carefully making a budget so you can stop wasting your money on unnecessary things.

Many families with money problems actually earn enough- they are just unaware of how they are wasting their money.  For example, do you know how much you spend on coffee, vending machine snacks, or personal appearance products each month?  Could some of that money be saved instead? And you can participate of the lifetime events you would have missed.   You would be surprised how much money you waste.  This is why it is so important to make an honest budget and to really be aware of all of your expenditures each month.  It is likely help you create an emergency fund and you could end richer each month if we chose to save rather than waste.

As Proverbs tells us- those who strive to use money carefully and wisely will be rewarded.

Felix Montelara Lifetime In Event
Felix Montelara at Lifetime In Event with Daughter and Father.

The reward for the careful gatherer of money is that it will grow.  When you begin your savings account, it may seem painfully small.  But the Bible encourages us to keep working at it.  With time, the savings will grow.  God may reward your diligence and care with other positive outcomes as well- but you will never reap those benefits unless you begin the correct way.

I encourage every law enforcement  officer to take a look at how you earn your money and how you save it.  You can’t begin an emergency fund or savings account until you understand where your money comes from and where it goes.

Keep in mind that as Proverbs says, “whoever gathers money little by little makes it grow.”  There is no shame in saving a dollar here or there, if that is all you can afford.  Be proud of yourself for gathering that dollar, caring for it, and storing it away.  This is how your money will grow, and this is how Scripture instructs us to act.

I have spent my share of money on “STUFF,”

My POV 1974 Scamp
My POV 1974 Scamp, Stuff , I still own.

I did not need but rather really wanted. Yes I needed some “R&R” and a reward once in while but you can go to far wasting money that you can save for your emergency fund that will reduce your stress and provide you with peace of mind.

Please leave me your comments and tell me that you how you are not wasting your time…

HOW TO CREATE AN EMERGENCY FUND?

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VETERANS DAY FREEBIES & HISTORY OF VETERANS DAY 2014

VETERANS DAY FREEBIES

I was not able to find the original source of this document.

I got the information via a professional contact but the list has been posted on many sites. However, while researching the source of this list  I found a great blog with a lot more information for veterans. So here is that link: http://veteransdaydeals.blogspot.com/ After the list I have the history of Veteran’s Day

Felix A. Montelara (1983)
Felix A. Montelara (1983)

Enjoy,

Felix A. Montelara

Author: Bulletproof Finance

Check these out for Veterans Day, November 11, 2014. Identification of some type required for most. See highlighted note below.

Two notes before jumping in:

  • Participation: Always call ahead to verify locations, dates, times, and participation. Many of the companies listed are franchises, and may have different policies.
  • Proof of Military Service: Most companies require some form of military ID. These include: a Military ID Card(active/reserve/retired), Current Leave and Earnings Statement (LES), Drivers License with Veterans Designation, Photograph in uniform, wearing your uniform (if your service permits), Veterans Organization Card (e.g., American Legion and VFW), DD214, discharge paperwork, or other form of identification. Other restaurants and companies may go by the honor system.

7 – Eleven: Veterans, active members of the US military and their immediate families can stop by 7-Eleven on Veterans Day and get a free small Slurpee drink. Just bring proof of current or former US military service to participating 7-11 stores.

Applebee Restaurants: The will again provide a meal at no cost for all military active, retired and veterans. Proof of service is required in the form of a Service Retired I.D. card or other such proof. For a restaurant near you go to www.applebees.com.

Bar Louie, Free meal on Veterans Day, Nov. 11. Active duty military members and veterans can receive a free meal, up to $10 in value, and a free non-alcoholic beverage. Available at all locations, military ID or proof of service is required (source). Find a location near you.

BD’s Mongolian Grill, Nov. 5-11,. 1/2 off Stir-fry with valid military ID. Only at participating locations. Find the location nearest you.

BED BATH & BEYOND November 9, 10 & 11th, 20% off your entire purchase. In-store only. US Military ID required at time of purchase.

Big Lots – 10% off your entire purchase. Offer available to active duty, Guard/Reserve, veterans, retirees and their immediate family members, with valid ID. Call ahead to verify.

BJ’s Restaurant: Free Lunch Entree or Free 1 Topping Mini Pizza at Dinner

buybuyBaby November 9, 10 & 11th, 20% off your entire purchase. In-store only. US Military ID required at time of purchase.

Cabela’s. Cabela’s is giving their standard employee discount to all US military veterans, active duty military, Guard/Reserves, law enforcement, fire and EMS personnel. Discount varies from 5% to 20%, depending on the item.

California Pizza Kitchen. Free meal and non-alcoholic beverage for veterans and active military with valid ID or proof of service. Find a location near you.

Chammps. On Veterans Day – All Veterans & Active Duty Military will receive a free burger (excluding the Pepperjack Bacon Stack Burger and The Kobe Burger). Please visit Champps Facebook page for more information.

Cheeseburger in Paradise. Free meal from select menu with military ID or proof of service. Beverages and gratuity not included. Find a location near you.

Christmas Tree Shops November 9, 10 & 11th, 20% off your entire purchase. In-store only. US Military ID required at time of purchase.

Chilis. Free entree to Veterans and active duty military from 11am -5pm.

DELTA SONIC TO HONOR VETERANS WITH FREE SUPER KISS CAR WASHES AND FREE OIL CHANGES ON TUESDAY, NOVEMBER 11:  BUFFALO, ROCHESTER, SYRACUSE , NY; ERIE, PA; and CHICAGO, IL – Delta Sonic Car Wash, in an effort to honor the men and women who serve our country, is offering free Super Kiss Car Washes and free oil changes to all military veterans and active service men and women on Tuesday, November 11.  Customers simply need to tell the car wash cashier or oil change technician that they are active or a veteran of the armed forces.

Denny’s: Get free all you can eat pancakes at Denny’s. Call your local Denny’s.

Dollar General. 10% discount on entire purchase on Veterans Day. Offer good for all active-duty military, retirees, veterans, Guard/Reserve, & immediate family members. The coupon can be found in the store circular, or by asking an employe. Also good online, use Coupon Code VETERANSDAY. More info.

Face Values Discount Health & Beauty November 9, 10 & 11th, 20% off your entire purchase. In-store only. US Military ID required at time of purchase.

Famous Dave’s. Participating locations (see their website), are offering different meal deals for current or retired military on Veterans Day.

Food Lion. 12% off all groceries (some exclusions) for Active & Retired Military Personnel with military ID and MVP card.  More info.

Fox & Hound and Bailey’s Sports Bar. Veterans and Active Duty Military will receive a free item from the 7 under $7 menu. Active military ID, retiree card, or other proof of service required. Fox and Hound Bar & Grill | Locations | Find A Location Near You

Free Car wash. Thousands of car washes around the country are offering vets a free car wash on Veterans Day,. Find a list at Grace for Veterans, which helped veterans receive 101,537 FREE Washes.

Golden Corral (Hours vary by location!):  Military Appreciation – Golden Corral restaurants will host their Military Appreciation with a meal at no cost for all military active, retired and veterans. No proof is required to enjoy this buffet meal. Guests of veterans will have to pay the regular meal price. No take outs. For more information refer to http://goldencorral.com/military/faq.asp. If you have questions, can contact their Corporate Headquarters at Golden Corral Corporation, 5151 Glenwood Ave., Raleigh, NC 27612 919-781-9310. Headquarters says “You will need to contact the location you are planning to attend to find out their specific hours as some of the locations are making adjustments to accommodate the veterans.”

Grace for Vets: Offers Free Carwash. The Grace for Vets Program honors all veterans and military personnel by giving them a free carwash. The program has carwashes participating in all 50 states and includes 467 carwash companies representing 1,181 carwash locations. For more information and to find participating carwashes, visit the Grace for Vets website.cropped-lra-logo-blue.jpg

Great Clips: On Monday, Nov. 11, customers who come in for a service can get a free haircut card to give to their favorite veteran. Veterans can also receive a free haircut or get the free haircut card. Haircuts are redeemable until Dec. 31.

Home Depot Military Discount: The Home Depot(R) is offering all active duty personnel, reservists, retired military, veterans and their families a 10 percent discount off their purchases in honor of Veteran’s Day. The offer is valid on purchases of up to $2,000 for a maximum of $200 and is available at The Home Depot stores, The Home Depot Design Center locations, Yardbirds and EXPO Design Center(R) locations. The 10% military discount is available everyday for active duty and retirees, but not all veterans. Home Depot makes this offer available to all veterans on most military holidays. You can also find Home Depot discounts online.

Hooters: Free Meal. Hooter’s is serving 10 Free Hot wings to military veterans all day on Veterans Day. Offer good for all veterans and active duty military personnel. Offer valid at participating Hooters only; open to all active duty and military veterans with valid military ID or proof of military service. Drink purchase required. For more information, visit,www.HootersVeteransDay.com.

Hy-Vee, Free Breakfast. Free Veterans Day breakfast from 7am – 11am at all Hy-Vee supermarkets with in-store dining. Please call ahead to verify participation, and bring proof of service.

JCPenny: Veterans, active duty and family members receive an extra 20% off in stores Nov. 6-11 with coupon.

Jos. A. Bank Specials: Veterans Day Sale- 1 Day Only! JoS. A. Bank Veterans Day Sale Orders.

Knott’s Berry Farms: Annual tribute to the Military, past and present. FREE admission for Veterans or current serving military personnel and one guest with proper I.D. presented at turnstile. The eligible person must be present. Dependent I.D.s will not be accepted. Plus purchase up to six additional tickets for just $19.00 each! Tickets can be purchased at Knott’s. Check out Knott’s Berry Farms Website: http://www.knotts.com/public/admission/prices/deals.cfm

Krispy Kreme: Free doughnut and small coffee. Available only at participating Krispy Kreme stores. Offer available to all active-duty, retirees & veterans on. Be sure to call ahead to verify your local Krispy Kreme is participating.

Little Caesars Pizza. US Military and vets get a free order of Crazy Bread, with proof of military status/service. Call your local Little Caesars to make sure they are participating in this deal.

Lone Star Steakhouse. (update): All veterans and active duty military will receive a FREE entrée from the Stars & Stripes Menu. ID required, please call ahead for verification.

Long Horn Steakhouse. Complimentary Texas Tonion and non-alcoholic beverage for Veterans and active-duty military members. Visit their site to find a location near you.

Lowe’s Military Discount: Lowe’s Companies, Inc. will offer all active, reserve, honorably discharged, retired military personnel and their immediate family members a 10 percent discount on in-store U.S. purchases made during the Veterans Day holiday. The discount is available on in-stock and special order purchases up to $5,000. To qualify, individuals must present a valid military ID or other proof of service. Excluded from the discount are sales via Lowes.com, previous sales, and purchases of services or gift cards. Like Home Depot, Lowes offers this discount daily to active duty military members, but not to veterans. However, they extend the offer to military veterans on military holidays. You can also find exclusive discounts at Lowe’s.com.

Max & Erma’s. Participating Max & Erma’s locations are offering military members and veterans a free Best Cheeseburger in America Combo, which includes tortilla soup or side Caesar salad, seasoned fries, and chocolate chip cookies. Locations.

McCormick & Schmick’s: Complimentary Lunch or Dinner. The McCormick & Schmick’s Veterans Appreciation Event on, is offered at participating restaurants to veterans defined as a person who served in the Army, Air Force, Marines, Navy or Coast Guard. Verification of service is required (retired ID card or DD214). McCormick & Schmick’s highly encourage reservations for the Veterans Appreciation Event as tables fill up quickly for this event each year. You can easily make their reservations online through the restaurant’s website at www.McCormickandSchmicks.com.

Massage Envy: Participating Massage Envy locations in the Washington DC, Maryland, and northern Virginia region are offering a complimentary 1-hour massage to active military, veterans and spouses on Monday, Nov. 11.

Menchie’s Free Frozen Yogurt On Veterans Day, Veterans and active duty personnel get a free 6 oz. frozen yogurt. Show a valid ID or be in uniform to receive.

National Parks: National Parks will offer fee-free days to ALL visitors at more than 100 national parks that usually charge entrance fees. Visit one of your national parks on Veterans Day, and you won’t be charged an entrance fee. And making the fun even more affordable, many national park concessioners are joining the National Park Service in welcoming visitors with their own special offers.

Olive Garden: Veterans and active duty military get a free meal on Veterans Day. With proof of service, choose from a special menu with breadsticks and a choice of soup or salad.

On The Border. “Sizzling Salute to Veterans” promotion. Mention this special, and On the Border will donate 15% of your purchase to Carry the Load, a non-profit military organization. Veterans and Service members with ID who dine at On The Border will receive a certificate for a free entree (up to $10) valid at corporate locations only. Find a location near you.

Outback Steakhouse: As an expression of Outback Steakhouse’s appreciation to our Country’s veterans and active duty military*, a free Bloomin’ Onion and Coca Cola will be available to them at every Outback in the country. Learn more. Please visit www.outback.com for locations.

Paciugo Gelato Caffe Paciugo will thank our nation’s veterans and troops on Veterans Day with a free 12 oz Gelatte. Military guests will need to provide proof of military service.

Red Lobster. Free Appetizer on Veterans Day with military ID or proof of service. Vets may choose from a select list of appetizers. Find a location near you.

Red Robin. Free Red’s Tavern Double and Bottomless Steak Fries for all Red Robin guests with a military ID or proof of service. Red Robin is also partnering with Heinz for Veterans Day to benefit the Wounded Warrior Project. Red Robin will also donate $10,000 to the Wounded Warrior Project. Find a location near you.

Pirate’s Dinner Adventure: November 8th-11th, Veterans and Active Military are free. One free admission per paid admission. Valid at CA locations only. Call 866 439-2469 to make reservation, and mention “Veterans Free”.

Shoney’s Offers Free All-American Burger Shoney’s says ‘Thank You’ to America’s heroes by bffering Shoney’s All-American Burger to All Veterans and Active Duty Military Members on Veterans Day.

Sizzler: Veterans and Military can show proof of service get a free 6oz Steak Entree with the purchase of a second one.

Sports Authority – 15% off all purchases. All Veterans and Military personnel please stop by your local Sports Authority store to receive 15% OFF YOUR ENTIER PURCHASE!

Sport Clips – Veterans Day. Sport Clips offers a Heroes discount which includes active and retired military. Please call ahead to verify participation. Find a location near you.

Steve Madden. We’d like to salute our heroes by doubling our everyday military discount of 15% to 30% OFF for Veteran’s Day ONLY. Valid with a form of Military identification (past or present) in Steve Madden stores only (not valid online). *Full priced merchandise only. Find a store near you.

Subway (not all stores participate – call ahead):  Free Six Inch Sub – Select Subway locations offer a FREE six inch sub to military veterans on Veteran’s Day. However, Subway restaurants are franchises, so this offer may not be available everywhere. Please call ahead.

Texas Corral. Free entrée (dine-in only). Offer available to all active duty members and veterans with ID. Note: All Texas Corral locations also regularly offer a 50% discount to active duty police officers, firemen and military personnel dining in.

Texas Roadhouse: Free lunch. Offer varies by location; our local Texas Roadhouse is offering a free meal from opening until 4pm. Other locations may vary in offer, hours, or availability. Call ahead to your local restaurant for more information.

T.G.I. Friday’s – Free Lunch: Valid for all US Military personnel and veterans. Must wear uniform (if permitted by your service) or present military ID or other proof of service. Only valid at participating locations for anyone with an old or current military ID. More details on TGIFridays.com.

The Olive Garden, Free entrée. Offer good for veterans and active duty military, during regular business hours. Chose from a special menu; all entrées include freshly baked garlic sticks and choice of soup or salad. Off er good in US and Canada, proof of service required. More info.

LEA logoTravel Centers of America Free Meal On Veterans Day, all CDL drivers who are Military Veterans eat FREE at participating full-service restaurants with proof of service. Must present valid ID.

Tucanos Brazilian Grill All active duty, reserve and retired military and veterans receive a complimentary Churrasco meal. Also, get 10-percent off the entire bill for veterans and troops who dine with their families, from Friday, Nov. 8 through Veteran’s Day.

Twin Peaks Free entrée for service men and women (up to $10). Good for veterans and active service personnel with valid ID or proof of service. Dine in only; gratuity not included. Locations

Uno Chicago Grill. Free individual pizza or entrée with the purchase of a pizza or entrée of equal or greater value. Available for all active duty and veterans. No coupon necessary; proof of service required. Find a location near you.

Veterans Day in Virginia: A list of Veterans Day Events and Memorials in the state of Virginia is available on the Vacation in Virginia website. Hotels, bed-and-breakfasts, and inns across Virginia are offering special rates, reductions and promotions for Veterans Day. National Parks and National Park Service sites are also free to all visitors on Veterans Day in Virginia.

Cost Plus World Market November 9, 10 & 11th, 20% off your entire purchase. In-store only. US Military ID required at time of purchase.

 

History of Veterans Day

Source: Department of Veteran affairs

World War I – known at the time as “The Great War” – officially ended when the Treaty of Versailles was signed on June 28, 1919, in the Palace of Versailles outside the town of Versailles, France. However, fighting ceased seven months earlier when an armistice, or temporary cessation of hostilities, between the Allied nations and Germany went into effect on the eleventh hour of the eleventh day of the eleventh month. For that reason, November 11, 1918, is generally regarded as the end of “the war to end all wars.”

Soldiers of the 353rd Infantry near a church at Stenay, Meuse in France.

Soldiers of the 353rd Infantry near a church at Stenay, Meuse in France, wait for the end of hostilities.  This photo was taken at 10:58 a.m., on November 11, 1918, two minutes before the armistice ending World War I went into effect

In November 1919, President Wilson proclaimed November 11 as the first commemoration of Armistice Day with the following words: “To us in America, the reflections of Armistice Day will be filled with solemn pride in the heroism of those who died in the country’s service and with gratitude for the victory, both because of the thing from which it has freed us and because of the opportunity it has given America to show her sympathy with peace and justice in the councils of the nations…”

The original concept for the celebration was for a day observed with parades and public meetings and a brief suspension of business beginning at 11:00 a.m.

The United States Congress officially recognized the end of World War I when it passed a concurrent resolution on June 4, 1926, with these words:

Whereas the 11th of November 1918, marked the cessation of the most destructive, sanguinary, and far reaching war in human annals and the resumption by the people of the United States of peaceful relations with other nations, which we hope may never again be severed, and

Whereas it is fitting that the recurring anniversary of this date should be commemorated with thanksgiving and prayer and exercises designed to perpetuate peace through good will and mutual understanding between nations; and

Whereas the legislatures of twenty-seven of our States have already declared November 11 to be a legal holiday: Therefore be it Resolved by the Senate (the House of Representatives concurring), that the President of the United States is requested to issue a proclamation calling upon the officials to display the flag of the United States on all Government buildings on November 11 and inviting the people of the United States to observe the day in schools and churches, or other suitable places, with appropriate ceremonies of friendly relations with all other peoples.

An Act (52 Stat. 351; 5 U. S. Code, Sec. 87a) approved May 13, 1938, made the 11th of November in each year a legal holiday—a day to be dedicated to the cause of world peace and to be thereafter celebrated and known as “Armistice Day.” Armistice Day was primarily a day set aside to honor veterans of World War I, but in 1954, after World War II had required the greatest mobilization of soldiers, sailors, Marines and airmen in the Nation’s history; after American forces had fought aggression in Korea, the 83rd Congress, at the urging of the veterans service organizations, amended the Act of 1938 by striking out the word “Armistice” and inserting in its place the word “Veterans.” With the approval of this legislation (Public Law 380) on June 1, 1954, November 11th became a day to honor American veterans of all wars.

Later that same year, on October 8th, President Dwight D. Eisenhower issued the first “Veterans Day Proclamation”which stated: “In order to insure proper and widespread observance of this anniversary, all veterans, all veterans’ organizations, and the entire citizenry will wish to join hands in the common purpose. Toward this end, I am designating the Administrator of Veterans’ Affairs as Chairman of a Veterans Day National Committee, which shall include such other persons as the Chairman may select, and which will coordinate at the national level necessary planning for the observance. I am also requesting the heads of all departments and agencies of the Executive branch of the Government to assist the National Committee in every way possible.”

President Eisenhower signing HR7786, changing Armistice Day to Veterans Day.

President Eisenhower signing HR7786, changing Armistice Day to Veterans Day. From left: Alvin J. King, Wayne Richards, Arthur J. Connell, John T. Nation, Edward Rees, Richard L. Trombla, Howard W. Watts

On that same day, President Eisenhower sent a letter to the Honorable Harvey V. Higley, Administrator of Veterans’ Affairs (VA), designating him as Chairman of the Veterans Day National Committee.

In 1958, the White House advised VA’s General Counsel that the 1954 designation of the VA Administrator as Chairman of the Veterans Day National Committee applied to all subsequent VA Administrators. Since March 1989 when VA was elevated to a cabinet level department, the Secretary of Veterans Affairs has served as the committee’s chairman.

The Uniform Holiday Bill (Public Law 90-363 (82 Stat. 250)) was signed on June 28, 1968, and was intended to ensure three-day weekends for Federal employees by celebrating four national holidays on Mondays: Washington’s Birthday, Memorial Day, Veterans Day, and Columbus Day. It was thought that these extended weekends would encourage travel, recreational and cultural activities and stimulate greater industrial and commercial production. Many states did not agree with this decision and continued to celebrate the holidays on their original dates.

The first Veterans Day under the new law was observed with much confusion on October 25, 1971. It was quite apparent that the commemoration of this day was a matter of historic and patriotic significance to a great number of our citizens, and so on September 20th, 1975, President Gerald R. Ford signed Public Law 94-97 (89 Stat. 479), which returned the annual observance of Veterans Day to its original date of November 11, beginning in 1978. This action supported the desires of the overwhelming majority of state legislatures, all major veterans service organizations and the American people.

Veterans Day continues to be observed on November 11, regardless of what day of the week on which it falls. The restoration of the observance of Veterans Day to November 11 not only preserves the historical significance of the date, but helps focus attention on the important purpose of Veterans Day: A celebration to honor America’s veterans for their patriotism, love of country, and willingness to serve and sacrifice for the common good.

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JOIN THE GOVERNMENT AND BECOME A MILLIONAIRE LEO?

Source: FederalNewsradio.com

Over the past several years, the number of federal workers with million-dollar Thrift Savings Plan accounts has jumped dramatically. And the surge is neither scandalous nor illegal. (This statement does not cover Congress).

JOIN THE GOVERNMENT AND BECOME A MILLIONAIRE?

In April, 2010 there were 75 federal workers with $1 million accounts. By August of this year, that number had jumped to 2,675. It is probably higher today because of the surging stock market.

cropped-lra-logo-blue.jpgBy mid 2014, there were 102,910 active and retired feds whose TSP balances were worth more than $500,000. The TSP has a total of 4.6 account holders.

Why the big jump in TSP millionaires? It defnitely wasn’t pay raises! Feds got a 1 percent pay raise in January after three years of federal pay freezes. They are currently in line to get another 1 percent in January 2015. Even with the miracle of compounding, a 1 percent per year pay raise is not the route to millionaire status.

felix mic indoorsFinancial experts say the boomlet in federal millionaires (outside of Congress) is the result of the post-recession rebound in the stock market and rollovers into the TSP from some high-income appointees who have joined the government. That includes people appointed to diplomatic posts and as federal judges.

To become U.S. Ambassador to some prestigious post, you don’t have to be a millionaire who donated to the winner’s political campaign. But it helps! If you doubt it, ask any career Foreign Service Officer. Some of them have seen some real losers, including a few disasters, appointed not for their knowledge of diplomacy and foreign affairs, but rather because of their ability to write big checks.

A growing number of feds became TSP millionaires the hard way. They invested in the C, S and I stock funds, never flinched when the markets plummeted and continued to buy shares at — as it turns out — bargain prices in 2007, 2008 and as the markets made their slow recovery.

In 2010, the Board that runs the TSP processed 2,700 checks of funds being moved into the TSP from outside retirement accounts. They were worth $66.4 million.

logo_emisora blanco R BamaOn Wednesday’s Your Turn radio show, we talked with financial planner and writer Allan Roth. (The show is archived on our home page, so you can listen anytime). He said the TSP is attractive for rollovers because of its low-fees and the super-safe Treasury securities G-fund option.

Despite the surge in rollovers into the TSP, nearly half the people leaving government (retirement, other jobs, etc.) in 2012 withdrew all their money from the TSP within a year. We’ve been asking people why they did it, and hope to have a report soon. Some of the reasons may surprise you.

Meantime, think seven figures!

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Military Wallet Podcast for Veteran, Reservist & National Guard LEO’s

By: Felix A. Montelara

Source: The PotentialMillionaire.net

Check out this podcast the Military Wallet. I am an U.S. Army Veteran and have used the VA lra logo  blueCertificate of Eligibility to purchase several homes. When I completed my obligation with the Army, I went back to my LEO job based on the VA military re-employment right.  This  podcast and its companion website is very helpful and full of information. I highly recommend you visit and listen.

I hope you enjoy this post but most importantly you put in practice what you have learned.

Military wallet
Click to see all Episodes

The Military Wallet Podcast by Ryan Guina a weekly podcast that was created to bring you the latest news and information in military and veterans benefits.  The blog has a wide range of topics covering benefits programs for active duty members, retirees, members of the Guard and Reserves, veterans, and their family members.  Some of the topics we cover include military pay and benefits, military retirement pensions, VA Disability claims, VA Loans, GI Bill, Thrift Savings Plan, and much more.

If you are a veteran or serve in the Reserves or National Guard this podcast is for you. Here is the website if you are like me and love to read.

The Military Wallet

Go to Website
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policia

Why You Will Fail To Have A Great Career

Law enforcement officer are you pursuing your passion while doing your job. cropped-lra-logo-blue.jpgI surely have enjoyed my 32 years career in law enforcement. Is law enforcement your destiny? Is it your dream job? Are you afraid? Watch the video below, it will make think about your career. Go for it, just like I did. Do not be afraid to fail and you will have a great career.
Love it,
Felix A. Montelara
LEO, Author, Speaker, podcast and Radio Host

In this funny and blunt talk, Larry Smith pulls no punches when he calls out the absurd excuses people invent when they fail to pursue their passions. (Filmed at TEDxUW.)

Larry Smith, Professor of Economics, University of Waterloo
A professor of economics at the University of Waterloo in Canada, Larry Smith coaches his students to find the careers that they will truly love.

0:16I want to discuss with you this afternoon why you’re going to fail to have a great career. (Laughter)

0:25I’m an economist. I do dismal. End of the day, it’s ready for dismal remarks. I only want to talk to those of you who want a great career. I know some of you have already decided you want a good career.You’re going to fail, too — (Laughter) — because — Goodness, you’re all cheery about failing. (Laughter) Canadian group, undoubtedly. (Laughter) Those trying to have good careers are going to fail,because, really, good jobs are now disappearing. There are great jobs and great careers, and then there are the high-workload, high-stress, bloodsucking, soul-destroying kinds of jobs, and practically nothing in between.

1:11So the people looking for good jobs are going to fail. I’m going to talk about those looking for great jobs, great careers, and why you’re going to, why you’re going to fail. First reason is that no matter how many times people tell you, “If you want a great career, you have to pursue your passion, you have to pursue your dreams, you have to pursue, the greatest fascination in your life,” you hear it again and again and then you decide not to do it. It doesn’t matter how many times you download Steven J.’s Stanford commencement address, you still look at it and decide not to do it.

1:50I’m not quite sure why you decide not to do it. You’re too lazy to do it. It’s too hard. You’re afraid if you look for your passion and don’t find it, you’ll feel like you’re an idiot, so then you make excuses about why you’re not going to look for your passion. And they are excuses, ladies and gentlemen. We’re going to go through a whole long list, your creativity, and thinking of excuses not to do what you reallyneed to do if you want to have a great career.

2:13So, for example, one of your great excuses is, “Well, great careers are really and truly, for most people,just a matter of luck, so I’m going to stand around, I’m going to try to be lucky, and if I’m lucky, I’ll have a great career. If not, I’ll have a good career.” But a good career is an impossibility, so that’s not going to work.

2:37Then, your other excuse is, “Yes, there are special people who pursue their passions, but they are geniuses. They are Steven J. I’m not a genius. When I was five, I thought I was a genius, but my professors have beaten that idea out of my head long since.” (Laughter) Mm? “And now I know I am completely competent.” Now, you see, if this was 1950, being completely competent, that would have given you a great career. But guess what? This is almost 2012, and saying to the world, “I am totally, completely competent,” is damning yourself with the faintest of praise.

3:20And then, of course, another excuse: “Well, I would do this, I would do this, but, but, well, after all, I’m not weird. Everybody knows that people who pursue their passions are somewhat obsessive. A little strange? Mm? Mm? Okay? You know, a fine line between madness and genius. I’m not weird. I’ve read Steven J.’s biography. Oh my goodness. I am not that person. I am nice. I am normal. I’m a nice, normal person, and nice, normal people don’t have passion. Ah. But I still want a great career. I’m not prepared to pursue my passion, so I know what I’m going to do, because I have, I have a solution, I have a strategy. It’s the one Mommy and Daddy told me about. Mommy and Daddy told me that if I worked hard, I’d have a good career. So, if you work hard and have a good career, if you work really, really, really hard, you’ll have a great career. Doesn’t that, like, mathematically make sense?” Hmm. Not. (Laughter) But you’ve managed to talk yourself into that.

4:28You know what? Here’s a little secret. You want to work? You want to work really, really, really hard?You know what? You’ll succeed. The world will give you the opportunity to work really, really, really, really hard, but are you so sure that that’s going to give you a great career when all the evidence is to the contrary?

4:49So let’s assume, let’s deal with those of you who are trying to find your passion. You actually understand that you really had better do it, never mind the excuses. You’re trying to find your passion,and you’re so happy. You found something you’re interested in.

5:07I have an interest! I have an interest! You tell me. You say, “I have an interest!” I say, “That’s wonderful!And what, what are you trying to tell me? That you — ” “Well, I have an interest.” I say, “Do you have passion?” “I have an interest,” you say. Your interest is compared to what? “Well, I’m interested in this.”And what about the rest of humanity’s activities? “I’m not interested in them.” You’ve looked at them all, have you? “No. Not exactly.”

5:35Passion is your greatest love. Passion is the thing that will help you create the highest expression of your talent. Passion, interest — it’s not the same thing. Are you really going to go to your sweetie and say, “Marry me! You’re interesting.” (Laughter) Won’t happen. Won’t happen, and you will die alone. (Laughter)

6:02What you want, what you want, what you want, is passion. It is beyond interest. You need 20 interests, and then one of them, one of them might grab you, one of them might engage you more than anything else, and then you may have found your greatest love in comparison to all the other things that interest you, and that’s what passion is.

6:25I have a friend, proposed to his sweetie. He was an economically rational person. He said to his sweetie, “Let us marry. Let us merge our interests.”

6:38(Laughter)

6:40Yes he did. “I love you truly,” he said. “I love you deeply. I love you more than any other woman I’ve ever encountered. I love you more than Mary, Jane, Susie, Penelope, Ingrid, Gertrude, Gretel — I was on a German exchange program then.” (Laughter) “I love you more than — ” All right! She left the room halfway through his enumeration of his love for her. After he got over his surprise at being, you know,turned down, he concluded he’d had a narrow escape from marrying an irrational person, although he did make a note to himself that the next time he proposed, it was perhaps not necessary to enumerateall of the women he had auditioned for the part. (Laughter)

7:34But the point stands. You must look for alternatives so that you find your destiny, or are you afraid of the word “destiny”? Does the word “destiny” scare you? That’s what we’re talking about, and if you don’t find the highest expression of your talent, if you settle for “interesting,” what the hell ever that means, do you know what will happen at the end of your long life? Your friends and family will be gathered in the cemetery, and there, beside your gravesite will be a tombstone, and inscribed on that tombstone, it will say, “Here lies a distinguished engineer who invented Velcro.” But what that tombstone should have said, in an alternative lifetime, what it should have said if it was your highest expression of talent, was, “Here lies the last Nobel Laureate in Physics, who formulated the Grand Unified Field Theory and demonstrated the practicality of warp drive.”

8:36(Laughter) Velcro, indeed. (Laughter)

8:42One was a great career. One was a missed opportunity. But then, there are some of you, in spite of all these excuses, you will find, you will find your passion, and you’ll still fail.

9:03You’re going to fail, because, because you’re not going to do it, because you will have invented a new excuse, any excuse to fail to take action, and this excuse I’ve heard so many times. “Yes, I would pursue a great career, but I value human relationships more than accomplishment. I want to be a great friend. I want to be a great spouse. I want to be a great parent, and I will not sacrifice them on the altar of great accomplishment.”

9:50(Laughter)

9:52What do you want me to say? Now, do you really want me to say now, tell you, “Really, I swear I don’t kick children.” (Laughter) Hmm? Look at the worldview you’ve given yourself. You’re a hero no matter what, and I, by suggesting, ever so delicately, that you might want a great career, must hate children. I don’t hate children. I don’t kick them. Yes, there was a little kid wandering through this building when I came here, and no, I didn’t kick him. (Laughter)

10:23Course, I had to tell him that the building was for adults only and to get out. He mumbled something about his mother, and I told him she’d probably find him outside anyway. Last time I saw him, he was on the stairs crying. (Laughter) What a wimp. (Laughter)

10:39But what do you mean? That’s what you expect me to say. You really think, you really think it’s appropriate that you should actually take children and use them as a shield? You know what will happen someday, you, you ideal parent, you? The kid will come to you someday and say, “I know what I want to be. I know what I’m going to do with my life.” You are so happy. It’s the conversation a parent wants to hear, because your kid’s good in math, and you know you’re going to like what comes next.Says your kid, “I have decided I want to be a magician. I want to perform magic tricks on the stage.”(Laughter)

11:23And what do you say? You say, you say, “Umm … that’s risky, kid. Might fail, kid. Don’t make a lot of money at that, kid. You know, I don’t know, kid, you should think about that again, kid, you’re so good at math, why don’t you — ”

11:39And the kid interrupts you, and says, “But it is my dream. It is my dream to do this.” And what are you going to say? You know what you’re going to say? “Look kid. I had a dream once, too, but — but.” So how are you going to finish the sentence with your “but”? “… But. I had a dream too, once, kid, but I was afraid to pursue it.” Or, are you going to tell him this? “I had a dream once, kid. But then you were born.” (Laughter)

12:14(Laughter) (Applause)

12:16Do you, do you really want to use your family, do you really ever want to look at your spouse and your kid and see your jailers? There was something you could have said to your kid when he or she said, “I have a dream.” You could have said, looked the kid in the face, and said, “Go for it, kid, just like I did.”But you won’t be able to say that because you didn’t. So you can’t. (Laughter)

12:59And so the sins of the parents are visited on the poor children. Why will you seek refuge in human relationships as your excuse not to find and pursue your passion? You know why. In your heart of hearts, you know why, and I’m being deadly serious. You know why you would get all warm and fuzzyand wrap yourself up in human relationships. It is because you are — You know what you are.

13:37You’re afraid to pursue your passion. You’re afraid to look ridiculous. You’re afraid to try. You’re afraid you may fail. Great friend, great spouse, great parent, great career. Is that not a package? Is that not who you are? How can you be one without the other? But you’re afraid.

14:07And that’s why you’re not going to have a great career, unless — unless, that most evocative of all English words — unless. But the unless word is also attached to that other, most terrifying phrase, “If only I had … ” “If only I had … ” If you ever have that thought ricocheting in your brain, it will hurt a lot.

14:48So, those are the many reasons why you are going to fail to have a great career, unless …

15:00Unless.

15:04Thank you. (Applause)

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Do you Know The Millionaire Next Door?

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Felix A. Montelara

LEO, Radio Host, Speaker,& Author

Bulletproof Finances (Release Spring Summer 2015)

Source: http://www.thomasjstanley.com/

Book Synopsis:

In this New York Times best-selling book, The Millionaire Next Door: The Surprising Secrets of America’s Wealthy, Dr. Thomas J. Stanley uses over two decades worth of surveys, personal interviews with millionaires, and data to reveal the secrets for building wealth in America.Amonzon Book cover

In The Millionaire Next Door, Dr. Stanley shattered the contemporary held beliefs about America’s rich – and how they got that way. It is seldom inheritance or advanced degrees or even intelligence that builds fortunes in this country. Wealth in America is more often the result of hard work, diligent savings, and living below your means. The Millionaire Next Door reveals the common denominators that show up again and again among those who have accumulated wealth.

Over 2 million copies of The Millionaire Next Door have been sold. And the book appeared on The New York Times best seller list for over three years. Based on interviews with Dr. Stanley, numerous articles about The Millionaire Next Door appeared in such publications as Fortune, Forbes, Money, U.S. News and World Report, The Limbaugh Letter, The New York Times Magazine, The Wall Street Journal, USA Today, and People Magazine. Dr. Stanley also profiled the typical millionaire next door while he was a featured guest on ABC’s 20/20, The Today Show, and The Opray Winfrey Show.

 

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