"Jay, can you explain how permanent insurance is used for estate planning? I've heard this argument before, but I don't understand the nuts and bolts of it (other than it may help heirs to cover possible estate taxes). Also, if someone is…"
How did you hear about 48Days.NET, and what do you hope to get out of being a part of this community?
Chuck Bowen. I hope to attain ideas and convictions necessary to generate a full time income by growing a financial coaching practice. I believe my biggest hurdle to overcome is that I have been someone elses employee for 20+ years and am struggling with the emotions of transitioning to the uncertainty of being self employed, even though I believe with every ounce of my spirit that it is what God is leading me to do.
What is your current work situation? Employee, self-employed, generating any income on your own?
Employed as an office assistant to a financial advisor for the last 6 years. I earn an extra $1000/year as a tax preparer working out of my home. I attended the Dave Ramsey counselor training in July/Aug 2008 and opened up for business on Oct 1st. I am only working out of that office one day a week. At this point I have zero clients, but doors seem to be opening, especially in the last week.
And then...what is your goal/dream for your work life?
To be able to coach full time. I'm good at my current job and I enjoy it to a large degree, but it is not my calling.
How about your personal life? Any specific goals or achievements or dreams you are pursuing (or want to pursue)?
To do some things that are beyond just meeting basic needs such as vacactions & travel, retirement & college savings. I have a pilot's license and would love to be able to fly again, but I haven't stepped into an airplane as the pilot since I got married 6 years ago. I would also like to find time to work out and keep in shape physically.
What would you say are your strongest talents? How are you 'wired' and what can you offer to the world (it's OK if you don't know yet, but knowing is key to pursuing your dreams!)?
I believe I am pretty detailed and analytical. I like to teach and read scripture. I'd like to find out if God has gifted me in other areas that I'm not aware of.
Comment Wall (11 comments)
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200 Investors from all over the world joined us last night to learn
5 keys ways to protect and grow wealth in today’s volatile environment. I talked in depth about the upcoming stock market crash and why I think it’s better to be safe than sorry. I gave overwhelming evidence for why I think your portfolio may be in danger if you don’t utilize prudent strategies in a time such as this. Do yourself a favor and take 60 minutes to listen to this very TIMELY webinar!
1.Place values and faith first in your finances
2.Asset Allocation: reduce US & International stocks
3. Risk management: use defensive strategies
4. Sell weaker positions, move some assets to fixed income
5. Focus on capital preservation strategies
Jeff, it was great to see you in Nashville at the 48 Days Facilitator Certification. We had some lively discussions and I’m excited to see everyone get their classes up and running. If I can do anything to help (even if it’s to answer a question), let me know.
PS Also, if you didn't get a chance to received the free e-resource I offered you earlier entitled Goal-Setting That Actually Works! by joining the REAL Success E-Zine community at www.liveitforward.com, be sure to check into it. I really think you'll get a ton out of these resources.
Hey Jeff! Welcome to the Group. I think we all struggle with that uncertainty. That's normal. I "fired" my boss almost a year ago and started my own business and I have never regretted it. That first year is hard, but I know in my heart that this is what I'm suppose to be doing. Trying to establish a good solid client base is challenging, but I have many irons in the fire and hopefully my hard work will pay off soon. Good luck to you!
Welcome to 48Days.net - glad you are a part of the community! If I can be of any assistance, please let me know. While you are looking around, there are a few groups that you might be interested in joining:
Jeff, thanks for joining Faith-Based Millionaires in the Making. Don't forget to go to www.jayperoni.com. Enter your email address and I will send you the entire version of The Faith-Based Millionaire (foreword by Dan Miller).
Welcome to the community!
Jay Peroni, CFP
Author of The Faith-Based Millionaire