Prosperity Trek by Prosperity Concierge

Become Resilient to Cope with Adversity and Improve Relationships

Prosperity Concierge — Sun, 21 Aug 2011 21:13:36 +0000

Resiliency helps you to cope with and bounce back from adversity. Building your resilience will help improve your relationships at work and at home.

There are four types of resiliency.

Physical Relience requires a healthy and balanced diet, regular physical activity, adequate sleep and self-care.

Cognitive or mental resilience describes attention, judgment and decision-making skills, during both good

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Being Grateful Helps Us to Be Happy

Prosperity Concierge — Sun, 21 Aug 2011 20:11:50 +0000

Genuinely appreciating the different aspects of your life can improve your well-being. In fact, people who regularly practice gratitude – by writing gratitude lists, for instance – report greater happiness and optimism, have lower levels of stress and depression, and even sleep better at night.Related Activities and Side Trips Asset Allocation and Diversification – Asset Classes Debt

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Have the Right Temperament for Investing

Prosperity Concierge — Wed, 17 Aug 2011 18:17:39 +0000

Warren Buffett, one of the world’s most successful investors, famously claimed that the most important quality for an investor is temperament, not intellect. To be successful, you need to stay calm and rational during the market’s boom and bust cycles and avoid falling victim to the market’s herd instincts.

Even during dull market days, it takes

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Special Situations: Live Within Your Means: Self-Employment Opportunities to Follow Your Passion

Prosperity Concierge — Thu, 04 Aug 2011 03:54:48 +0000

The activity: Explore opportunities to follow your passion through self-employment. The trek: Improve cash flow and use net worth to supplement income. The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth). This activity suitable for: People that have a passion and entrepreneurial spirit. Difficulty rating: Moderate

If you have a passion and an entrepreneurial spirit then you should

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Cash Flow: Live Within Your Means: Self-Employment Opportunities to Follow Your Passion

Prosperity Concierge — Thu, 04 Aug 2011 03:15:22 +0000

The activity: Explore opportunities to follow your passion through self-employment. The trek: Improve cash flow. The terrain: Prosperity Quadrant I (negative cash flow; negative net worth). This activity suitable for: People that have a passion and entrepreneurial spirit. Difficulty rating: Moderate

If you have a passion and an entrepreneurial spirit then you should consider the possibility of increasing your income

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Where to Find Cash to Reduce Debt, Invest or Other Financial Need

Prosperity Concierge — Wed, 03 Aug 2011 19:11:13 +0000

When you need cash to reduce debt or to invest you’ll have it if you’ve followed a disciplined financial security plan that gives you the cash to tap into your accumulated assets when needs or opportunities arise. If you want to advance your education, make a major purchase, invest in a business or take care

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Special Situations: Live Within Your Means: Cash From a Reverse Mortgage

Prosperity Concierge — Mon, 18 Jul 2011 02:26:52 +0000

The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth). The trek: To improve cash flow and use net worth to supplement income. This activity on the trek: Consider the advantages and disadvantages of a reverse mortgage. This activity suitable for: Families exploring options for cash to reduce debt. Difficulty rating: Moderate

What is a Reverse Mortgage?

From the AARP website

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Cash Flow: Live Within Your Means: Cash From a Reverse Mortgage

Prosperity Concierge — Mon, 18 Jul 2011 00:18:42 +0000

The activity: Consider the advantages and disadvantages of a reverse mortgage. The trek: Improve cash flow. The terrain: Prosperity Quadrant I (negative cash flow; negative net worth). This activity suitable for: Families exploring options for cash to reduce debt. Difficulty rating: Moderate

What is a Reverse Mortgage?

From the AARP website “A reverse mortgage is a special type of home loan that

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Special Situations: Live Within Your Means: Cash From a Life Settlement

Prosperity Concierge — Wed, 13 Jul 2011 02:52:26 +0000

The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth). The trek: To improve cash flow and use net worth to supplement income. This activity on the trek: Consider the advantages and disadvantages of a life settlement. This activity suitable for: Families exploring options for cash to reduce debt. Difficulty rating: Moderate

A life settlement, or senior settlement, as they

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Cash Flow: Live Within Your Means: Cash From a Life Settlement

Prosperity Concierge — Wed, 13 Jul 2011 02:34:45 +0000

The activity: Consider the advantages and disadvantages of a life settlement. The trek: Improve cash flow. The terrain: Prosperity Quadrant I (negative cash flow; negative net worth). This activity suitable for: Families exploring options for cash to reduce debt. Difficulty rating: Moderate

A life settlement, or senior settlement, as they are sometimes called, involves selling an existing life insurance policy to

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Where to Save for Retirement First – an IRA or 401(k)?

Prosperity Concierge — Tue, 12 Jul 2011 13:11:28 +0000

When it comes to saving for retirement should you fund your 401(k) or IRA first? Here are ten questions to ask that can help you make your decision.

1. Do you get an employer match?

The first question you want to ask is, does your employer match funds. It’s free money, so you don’t want to give

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Special Situations: Live Within Your Means: Cash From a 401(K) Loan

Prosperity Concierge — Tue, 12 Jul 2011 02:28:47 +0000

The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth). The trek: To improve cash flow and use net worth to supplement income. This activity on the trek: Consider the advantages and disadvantages of a 401(k) loan. This activity suitable for: Families exploring options for cash to reduce debt. Difficulty rating: Easy to Moderate

Sometimes the true lender of last

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Cash Flow: Live Within Your Means: Cash From a 401(K) Loan

Prosperity Concierge — Tue, 12 Jul 2011 02:11:38 +0000

The activity: Consider the advantages and disadvantages of a 401(k) loan. The trek: Improve cash flow. The terrain: Prosperity Quadrant I (negative cash flow; negative net worth). This activity suitable for: Families exploring options for cash to reduce debt. Difficulty rating: Easy to Moderate

Sometimes the true lender of last resort is ourselves. If you have a 401(k) or other retirement plan

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Special Situations: Live Within Your Means: Reduce College Education Costs

Prosperity Concierge — Mon, 11 Jul 2011 03:00:18 +0000

The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth). The trek: To improve cash flow and use net worth to supplement income. This activity on the trek: Reduce college education costs. This activity suitable for: Families that have someone in college or planning for future college expenses. Difficulty rating: Moderate to Difficult

College costs are rising,

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Cash Flow: Live Within Your Means: Reduce College Education Costs

Prosperity Concierge — Sun, 10 Jul 2011 21:11:28 +0000

The activity: Reduce college education costs. The trek: Improve cash flow. The terrain: Prosperity Quadrant I (negative cash flow; negative net worth). This activity suitable for: Families that have someone in college or planning for future college expenses. Difficulty rating: Moderate to Difficult

College costs are rising, student debt is mounting, and most Americans say college fails to

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Net Worth: Save From Income

Prosperity Concierge — Fri, 08 Jul 2011 22:08:37 +0000

The terrain: Prosperity Quadrant II (positive cash flow; negative net worth). The trek: To build net worth. This activity on the trek: Explore how to save from income. Difficulty rating: Easy

This portion of the trek has activities to save from income.

Activities to Save From Income get the 401(k) match from your employer

Related Activities and Side Trips Career Development Establish your Savings

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Money Does Not Guarantee Happiness – The Tendency to Want More

Prosperity Concierge — Wed, 06 Jul 2011 19:57:18 +0000

Having wealth doesn’t guarantee that you’ll be happy. You may still worry but what you worry about is different than what you’d worry about if you weren’t rich.

If you own your business – a dream of many – managing a large fortune composed of liquid and physical assets, scattered in various geographic locations, can be

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Pay Yourself First with Easy Dollar-Cost Averaging

Prosperity Concierge — Mon, 04 Jul 2011 23:16:27 +0000

Saving and investing isn’t hard, but to make it easy you need to treat it like a bill. When your paycheck comes in each month, you pay your bills, right? So treat investing like a bill. If you want to max out your Roth IRA, divide the maximum contribution by 12 and send that amount

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Cash Flow: Protect

Prosperity Concierge — Wed, 29 Jun 2011 03:08:50 +0000

The activity: Protect your income and assets. The trek: Improve cash flow. The terrain: Prosperity Quadrant I (negative cash flow; negative net worth). Difficulty rating: Easy

This portion of the trek has activities to protect your income and assets.

Activities to Protect Income disability insurance emergency fund Activities to Protect Assets health care insurance life insurance property insurance estate planning umbrella insurance long-term care insurance

Related Activities and Side Trips Charitable

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Ready to Retire? Let’s Do the Math!

Prosperity Concierge — Tue, 28 Jun 2011 14:39:59 +0000

To get started, you’ll need to choose the age at which you want to retire, taking into account your life expectancy and what you hope to do in retirement. You’ll also need to consider your spouse’s life expectancy, if you’re married.

Now it’s time to see how your projected income measures up to your projected expenses

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