The paradox of choice

Source: http://www.ted.com
By: Psychologist Barry Schwartz

Barry Schwartz takes aim at a central tenet of western societies: freedom of choice. In Schwartz’s estimation, choice has made us not freer but more paralyzed, not happier but more dissatisfied.
THE PARADOX OF CHOICE

I would like for you to consider if having more choices in your life makes it easier for you. Especially with money decisions. Today we are asked to make decisions on financial issues, but we have limited skills in this area- if any. We are asked to choose where we are going to place our hard earn money: in a 401k, 457 , TSP or 403b retirement system. What mutual fund is best for us is left up to us to decide. Most of us LEOs do not have the background or knowledge to make an educated decision and later we fail to reach our financial goals. Were we set up for failure as LEOs, or have we gotten to the point where no one wants to make a decision? Well folks, listen to Dr. Schwartz, share with other LEO/Military and let me know what you think.

Thanks,
THE PARADOX OF CHOICE
Commentary by: Felix A. Montelara
Author: Potencial Millonario

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Are You Feeling Rejected? If so, Never Give Up

By: Felix A. Montelara, Author: Bulletproof Finances & Potencial Millonario

Never Give Up!

IMG_4420
My Daughter Anya

I want to talk to you about rejection.  All of us have felt rejection before.  It can come into our lives in many different forms, such as when you don’t get the grade you want, the job you want, or even the girlfriend or boyfriend you want.  Many of the clients I talk to feel rejection with respect to money.  They feel that rejection when they try to get a loan, a mortgage, a credit report.  They feel rejection when they don’t have money for their bills, or when they can’t buy the things they want.  Rejection can often lead people to feel depressed, sad, or even hopeless.  I want to tell you about a few people who have been rejected in their lives.  Abraham Lincoln was one of the great presidents of the United States.  He actually ran for public office and was defeated seven times before he was elected president.   Think about the rejection he must have felt in each of those elections, after all the time and effort put into campaigning- just to lose again.  But Lincoln didn’t quit.  He was defeated, he was rejected, but he didn’t give up.  He kept going and he finally one.  Let me tell you about a person who was a reject from society. Abhram Lincoln  Let’s see if you can guess his name.  This guy was a teacher and preacher, but he was poor and never made much of a living at his work.  He had a small following and a group of close friends, but many of them abandoned him and rejected him when he needed them the most.  And then, worst of all, he was sent to help a nation of people, but they rejected him and called for him to be executed.  The very people he was trying to save chose to free a convicted criminal rather than him when they had the chance to free him.  After disparaging him, lying about him, selling his belongings, scattering his friends, and humiliating him, they finally watched him be killed when a court of law admitted that he had done no wrong.  Talk about the ultimate in rejection, the ultimate injustice.  Who was this man?  My friends, it was Jesus.  But even after all of this, even after being crucified on the cross, even after all of his suffering- did he give up?  Did he quit his mission?  Did he abandon all hope?  No, my friends, he didn’t.  He came back.  He was resurrected and came back victorious.  He finished teaching his disciples; he empowered them and sent them into the world to teach others.  And now we think of him as being the most influential man who ever lived.

So friends, when we are feeling rejected, let’s be rejects the way Abraham Lincoln and Jesus Christ were rejects.  Let’s be rejects who never give up.  Let’s be rejects who persevere and emerge victorious.

Are You Feeling Rejected? If so, Never Give Up

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How A USAA Customer Went From -$42,000 Debt to a +$25,000

By Felix A. Montelara
Source: USAA Magazine

As a member of USAA,  I am proud to say that this is a company dedicated to those who have served.  USAA does a great good at protecting our family through many of their products without taking us  toward bankruptcy. USAA Jones I saw an article in the USAA Magazine that caught my eye and I wanted to pay it forward. Here is the story of Angelo Jones who not only got out of $42,000 in debt (disaster) but managed to save $25,000 allowing Jones to participate of the “American Dream” of purchasing a home.

For the rest of the story click on the following link (Logo):

Note: I am a USAA happy customer and I am not being paid. Best regards, Felix A. Montelara, Author: Potencial MillonarioAmonzon Book cover  

 

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Financial Infidelity, Really?

By: The Potential Millionaire.net / LEO Edition

Source: USAA Magazine

Do you know someone who has committed Financial Infidelity?
Well here is the most important thing to do when avoiding falling into financial infidelity. “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

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?  You 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.

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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