Be Wealthy & Smart

Learn the one thing NOT to do after accomplishing a big goal. Hit the subscribe button! Whether on TV or on the internet, there are people knocking the ball out of the park. They are creating new businesses, generating additional revenue streams and having success. If what I said frustrates you, then sit down and have a goal session and re-set your goals. You always want to stay in a positive frame of mind where you are happy to see other peoples' success because it doesn't take anything away from you (there is no scarcity) and it shows you what is possible. So cheer them on! Anyway, after the success, I see the same mistake being made. Can you guess what it is? Can you guess the first financial move they make after making it big? They just sold a business or made a million or had their best year ever. What do they do? Buy a brand spanking new expensive car! Lamborghini, Ferrari, Bentley or top of the line Mercedes, etc. A YouTuber had great success and was under 30 years old…bought a Lambo. It costs over $400k!!! Or the professional skier that bought a Lambo. Or the guy that bought the Aston Martin, or the girl on a reality show who bought a brand new Range Rover. We are talking $100k plus for a car that is guaranteed to be worth quite a bit less in a few years. Maybe the Lambos hold their value better, I don't know, but with insurance and maintenance, it's not cheap. They are trying so hard to impress us that they are "rich". Or maybe they are just trying to reward themselves with their fantasy car. In any case, it's such a huge mistake! Can you imagine investing $400k at 8% for 30 years? Do you have any idea what it would be worth? Take a guess - and this is the true "Opportunity Cost." $4,025,000! This one thing done differently had the potential to set them up for LIFE. And they blew it! The thought is, I'll make more. There's more where this came from. The reality is, a big payday is rare and they often don't have the success again. Don't make this mistake! Don't sacrifice a good time and looking rich, for the opportunity to actually set yourself up for life and be rich! Next time you're on Instagram and see the guys showing off their Lambos, just remember they could have been set for life. Instead, they have a depreciating car that's worth less every year. This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn how to use your health savings account (HSA) like an IRA. Hit the subscribe button! Here is the article: https://www.cnbc.com/2017/10/02/hack-your-hsa-its-not-just-for-medical-costs-anymore.html This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn how to change your money story with Money Confidence Coach Jen Hemphill. Hear how Jen was able to get a handle on her finances and change her money story. How you can too. Ready for financial freedom? Get "11 Quick Financial Tips to Boost Your Wealth" at http://lindapjones.com.

Learn what a positive message feels like and pass it on. I saw a post like this on InstaGram and it made me feel good, so I'm passing along a similar message to you today. It's short and sweet. This is different than usual today. Try it on for size. Here it is. "In case no one told you today: Hello You are wonderful You are beautiful You are amazing You are appreciated You are respected You are loved and I will add… Hang in there You are capable of amazing things Step forward in faith and Follow your dreams and… Henry Ford said, whether you think you can or think you can't, you're right. I like to say, whether you think you can be wealthy or think you can't be wealthy, you're right. You got this! You can do it!" We all need to hear these things. Take them in and pass them along. You can play this over and over if you like! Like Meryl Streep said in The Devil Wears Prada. "That is all."

Learn 7 investment strategies of centimillionaires. In this episode of Be Wealthy & Smart, I interview Richard C. Wilson from familyoffices.com. Here are the 7 Investment Strategies of Centimillionaires: 1. Own the game 2. Alpha-mail (instead of blackmail) 3. Niche monopoly 4. Work on building a full chess board portfolio 5. Leveraged resource strategy 6. Horse trading 7. Identify choke points Books mentioned: Mastering the Rockefeller Habits Zero to One Scaling Up The Single Family Office

Learn how to invest in a rising interest rate environment. Hit the subscribe button! ***I announced winners of the contest!*** The article is here: http://www.investors.com/etfs-and-funds/etfs/how-to-invest-in-a-rising-rate-environment/ Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn which large cap growth ETFs have performed the best year-to-date. Hit the subscribe button! The chart is posted on my website at www.lindapjones.com, podcast 324. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn what brands are the top 10 in the world and looking at them as a potential investment. Hit the subscribe button! This is from information in an article on Business Insider written by Ben Lovejoy. The full article is here: https://9to5mac.com/2017/09/27/worlds-most-valuable-brand-interbrand/ A company called Interbrand writes an annual report of the world's most valuable brands. "Interbrand assesses the all-in value of a brand by analyzing three factors … • The financial performance of the branded products and services • The role the brand plays in influencing customer choice • The strength the brand has to command a premium price or secure earnings for the company" Apple is #1 again. "It this year estimated that the value of the Apple brand had increased by 3%, relatively modest compared to the five fastest-growing brands. The five Top Growing Brands include Facebook (48 percent growth) who leads for the second year running, Amazon (29 percent), Adobe (19 percent), Adidas (17 percent), and Starbucks (16 percent)." But the top 5 growing brands are not the same as the 10 most valuable brands. Trees don't grow to the sky. At some point, large companies will have a slower growth rate. Think of a speed boat, small and able to go fast. Then think of an aircraft carrier, large and not able to go fast. Because some of the top companies are in technology, the ability to grow big is enormous. A virtual company like Facebook doesn't need a lot of real estate vs. a Toyota that needs to build factories. But the article notes: "tech firms make up 15 of the top 100 companies, just behind automotive at 16." Profitability models are completely different. Think like one of the sharks on Shark Tank. You want large margins, a lot of profits and big sales. It's pretty simple. Take a company like Coca Cola. It was flavored water with some color and caffeine added. Pretty big margins right? But they still had to buy cans and bottles, build bottling plants, deliver it to stores, etc. Now think of Facebook or Google being mostly virtual. They rely on some staff, but their "product" is virual in cyberspace. They don't have to deliver, manufacture or mail anything. They only need some office space and employees to manage it. That's why 6 of the top 10 are software or tech companies. 1. Apple 2. Google 3. Microsoft 4. Coca Cola 5. Amazon 6. Samsung 7. Toyota 8. Facebook 9. Mercedes Benz 10. IBM There's a difference between largest and growing fastest. As an investor for growth, you're looking for growth. Where is the growth going to come from? For Apple, it's a new phone. For Microsoft, it's a new software. For Mercedes it's their electric cars due by 2022. You want to be able to identify where the growth is. Maybe Coca Cola can continue to grow overseas, but with a health trend in the US are sales growing as fast? Have they diversified into healthier flavored waters, etc.? Study up before investing. Large companies don't always grow fast. They tend to move in cycles where they can outperform and then small companies outperform during the next cycle. Small companies are actually outperforming many large companies this year. Will that continue? If the economy slows, it just might. Your homework is to: 1. Research earnings of companies online and determine their growth rate for 1, 3, 5 and 10 years. Is it increasing, maintaining or declining? 2. Research how companies are going to grow faster in the future, or are their best days behind them? The stock market is littered with former tech darlings who are in the scrap pile from years ago RCA to AOL, NOKIA and others. 3. Pay attention to potential new companies online and investigate their growth rates. Companies like Shopify, Wix and Roku might be interesting to research. Again, you want increasing earnings! ********************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ lpjhome@gmail.com and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @lpjhome@gmail.com and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ lpjhome@gmail.com and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn why active management is outperforming index funds this year and what to do about it. Hit the subscribe button! The article is posted here: https://www.cnbc.com/2017/09/18/the-tide-has-turned-active-outpacing-passive-investing.html ********************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ lpjhome@gmail.com and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @lpjhome@gmail.com and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ lpjhome@gmail.com and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Interview with MyFICO.com expert Ethan Dornhelm about what makes up a FICO score and common myths. Hit the subscribe button to get the latest podcasts asap! I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ lpjhome@gmail.com and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @lpjhome@gmail.com and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ lpjhome@gmail.com and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.