5 Burst results for "Jim Rosetti"

"jim rosetti" Discussed on The American Dream Experience Podcast

The American Dream Experience Podcast

04:22 min | 1 year ago

"jim rosetti" Discussed on The American Dream Experience Podcast

"Okay jim rosetti sitting here today. With margie woodcut marci. How are you today great. You got the christmas spirit. If you're listening to this at any other time of the year just happens that we're we're taping this. Take charge of this right after thanksgiving getting ready for the holidays are right. Great there in locked into the building and you know my staff had already gotten. I said it's looking a lot like this. I keep hearing that song. I like it there. We go anyway i want. I got this little booklet. I picked up at one of the events that you've been doing. The american dream series and this thing is the investor awareness guide. It's put up my mats and money and it's a great little book. It's very simple. There's a section in here called the investors dilemma. And it's do you ever worry about. And then there's about ten or eleven things here that people do things we worry about. Well it's probably a pretty good list. I see what it says. It starts off with getting high enough returns on investments. That's such a good one. You know people tend to chase after the market. In what i mean by that. Is they chase the they see. Somebody got a better return right right. And they got. Oh i should have that Well lo and behold that is gone that is done gone when you see it and you don't know what it's going that market continues to move. It's not standing still an of the market. That's been up is probably going down if maybe not tomorrow but maybe very soon and so very bad idea to focus too hard on but there's an answer to that to you shouldn't focus only on immediate returns yes returns are important but what you want to know is. What is the expected. Rate of return. That i can get on a properly diversified portfolio. Oh that's up big mothra. Anyway he want things to have a really broad spectrum diversification right right well one of the and that was that was the lead one that they had in this little..

jim rosetti margie woodcut marci
"jim rosetti" Discussed on The American Dream Experience Podcast

The American Dream Experience Podcast

02:52 min | 1 year ago

"jim rosetti" Discussed on The American Dream Experience Podcast

"Okay jim rosetti sitting here with margie. Wicca once again. We are talking about money the lack of it. Or the overabundance of it or wherever you stand your world and one of the things we were discussing here is wishful thinking. How people. Sometimes if i had a million bucks if i just won the lottery i'd be happy. Yes my life would be. Oh so healed and how many lottery winners have you seen. That five years later are dead broke. Yeah that's true. Our habits don't change. There was an article written on that some years ago. I think it was. I forget what magazine did it big article and they tracked the people that had one fortunes were. You would think they'd never be broke again. We'll guess what they were broke in another way that this comes about her looks in real. Life is when people say well. You know when. I get that raise when i get to this position when i get this. Next level of management or my paycheck goes up where that darn boss would just pay race take a deep breath and say my future is right now. Your future is right now based in your decisions day by day. Don't wait for tomorrow or the powerball or lottery to come from free. Don't wait. I mean if you wanna play that may never come through marching this this idea. That only rich people can be investing only rich people. Whatever that means. You know who's rich sometimes. The problems that wealthy people by any measure people making six figures or better have are astronomical. Maybe they're much in debt you made accommodate earlier. You can make a million dollars right but if you spend a million one guess what. You're beer the that you make. I've seen many wealthy people that are over their heads thinking that Especially if you haven't figured on her manage a big chunk of wealth that came into your life later in life you haven't got any experience with how to handle it and it's easy to think it'll never run dry. The wells always going to be full and funny how and like i said the headaches or the risks that they take maybe they're wealthy because they own a business and all of a sudden that product that service is totally out of favour exact or it becomes obsolete obsolescence. Your family fortune just went up and smart because you know. And that's that's what we don't need a lot of buggy whips anymore right to be reality because we live in this day and age of technology. Look how fast our phones change and devices we use your future is.

jim rosetti margie headaches
"jim rosetti" Discussed on The American Dream Experience Podcast

The American Dream Experience Podcast

13:20 min | 1 year ago

"jim rosetti" Discussed on The American Dream Experience Podcast

"Okay Jim Rosetti sitting here with Margie whitcomb. Once again we are talking about money the lack of it or the overabundance of it or wherever you stand your world and one of the things we were discussing here is wishful well thinking how people sometimes if I had a million bucks. If I just won the lottery I'd be happy. Yes my life would be. Oh so healed and how many lottery winners have you seen. That five years later are dead. Broke our habits. Don't change there was an article written on that some years ago I think it was. I forget what magazine he did it big article and they tracked the people that had one fortunes were. You would think they'd never be broke again. We'll guess what they were broke in another way that this comes about her looks in real. Life is when people say well. You know when I get that raise when I get to this position when I get this next. Next level of management or my paycheck goes up where that darn boss which is maybe a pay raise take a deep breath and say my future is. He's right now on. Your future is right now based in your decisions day by day. Don't wait for tomorrow or or the powerball lottery to come from free. Don't wait I mean if you WanNa play me never come through marching this this idea that only Lee rich people can be investing only rich people. Whatever that means? You know who's rich sometimes. The problems that wealthy people all by any measure people making six figures or better have are astronomical. Maybe they're much in debt. You made a comment earlier. You can make a million dollars but if you spend a million one guess what. You're never ever think that you make and I've seen many wealthy people that are over their heads thinking that especially if you haven't figured on her manage a big chunk of wealth at came into your life later in life you haven't got any experience with how to handle it and it's easy to think it'll never run dry the wells always gonna be full. Aw and funny how and then like I said the headaches or the risks that they take maybe they're wealthy because they own a business. Yeah and all of a sudden that product that service is totally out of favour exact core goes on it becomes obsolete obsolescence. Your family fortune just just went up and smart because you know. And that's that's what we don't need a lot of buggy whips anymore right reality because we live in this this day and age of evolve technology. Look how fast our phones change and devices we use your future is now and the decisions as you make and so. I find a place of contentment not not complacency. I want you to be driver. Always improving yourself yourself. If you're in your twenties and thirties you should be going for that extra degree or that extra credential just keep going. That's great that's wonderful and maybe it will mean an I and ager some check. Today's world think about the trades. You know some people that the elections are making today and welders are starting starting at seventy eight hundred thousand dollar a year income. I was just go and get a degree in English lit. Ah To have a nice lifestyle sort of a position where you realize the blessings you have. You have a job the blessing you have a family. That's a blessing. Look at all the blessings you have now. Are you living within your means there. Are you always wanting wanting wanting and then you spend beyond their me right you know. Are you making decisions that entrap you rather than give you freedom rain. A good example would be cars. Shia you you know. There are people I know who are really clever about buying cars ours and they know how to find a good deal they find a really good used cars and run them for hundreds hundreds of thousands of miles. So there don't sit there in that trap of trading trading trader got it. Yeah and if that's where you're at that's great I mean don't be worried about it. Maybe some day you can afford that Porsche. That's right. Let let somebody else's suffered the depreciation on that vehicle and now you got it and you can I do. I don't buy new. Karzai bought I think one or two in my life. And if you're going to buy a new one and run it to ten years or till but if you take these seven in your loans out is a great book in it's called the millionaire next door. I recommend it to everyone. Anyone who wants to live a million the air lifestyle. Now we gotta put a beyond a billionaire but is the same concept and what it really shows you the lifestyles of of your every day million and these are you know not necessarily people who flash it or not you know. Were very wealthy nick or had that kind of wealth or comfort but they are people who live within their means they often drive older cars and run them like you. Yeah for. Hey Hey I don't need to get there in a Mercedes or a or a Rolls Royce. If I can get there that's the biggest part of one of the reasons. I think people do this. And this is a gut check for those who are listening to this podcast. If you're saying to yourself well well you know that Margie. She or Margaret She. She can say that because she's rich she's got to be rich because of well. Yes ask compared to who compared to some people. I'm like a popper in compared to others. I might have a little. You know so this irrelevant right. Do not compare yourself. There are a lot of people that would be considered middle class. But they're living within their means and they're enjoying life just as much as somebody that's living extravagantly and keep buying stuff thinking stuff will make your life better with envy or waiting until magic time when you win the powerball or get that raise or get that magic job. That pays you big big bucks. You're you're you're focusing missing on the wrong things. Certainly ambition is not wrong in writes good. It's a good thing keep going. We need your talent. We need your you know in the in in the work of creativity but right now you can be content and you can be building your American dream and not complacent recent the difference between complacency and being content where you are so be careful of those thoughts that derail you and here's what happens people and will not make a move they the either the cheat themselves. This is what happens. They cheat themselves in their future and what they can build by by wallowing in envy your crashing eating or. I can't try to figure out where that's coming wrong wrong. Try to look at that and say you know. Why do I feel that way right? was there a message somewhere in my past that somebody said that to me or my family said that to me. Because that's the the way you're supposed to kick those kinds of ideas out of your mind and then start being a saver and be a savior and then be an investor or you. You can do it to her. Yeah definitely I had my. My Dad was always an listen back back when I was first getting started in life and it was easy to whatever I made I spent I was living and never thinking I said. Well maybe when. I'm ten years older. I'll think about that. Yeah years older came and went and I didn't think about it. Yeah and and we've all been in there are moments you know I mean I'm talking from experience prices well so but isn't it wonderful that here you are at this point in your life and you're able to give to others your gifts of of talent and you're all that you do in in the world It's really phenomenal. And yet you live a really abundant life. Well I've been I look at you. No I've been blessed and and and I think it took a long time for me to take stock of what God gave me and I say hey I never thanked him for what I've got you know I'm always thinking about what but I don't have always concentrated on that and that is never ending and you'll never achieve it because it will never be enough there in lies Keith. And what you just said that key is thinking. I always focusing on what I don't have a lack. DOC can be depressing. No kidding and then you get it and you go wait a minute. You know not any happier I was before I had it. You know suddenly suddenly so. I think there's wakeup calls to that can come around. Sometimes it takes people on a lot longer in life to wake up but the we always wake up all of us Sir at some time. Hopefully it's law. Sooner than later. Sooner is better the earlier the better but it's too late. Yeah you you talking to each other's language. Don't wait until you win the powerball. Don't be graduates. You're you are earning sure. Look for the next race. Although go for it's not saying don't go for it go for it. But here's the key do with what you've got right when our builds your future now and it might beat a little step it might be just getting involved in your 401k. It might be just setting aside fifty bucks a paycheck until you get that nesting up so you don't have to run those credit cards play. We talk before so I think we need to go into place. We need to make a point. You know where this really relates back to that American dream subject that we've been talking about is You've set a goal a direction a guide. And if you're staying true to yourself and true to your commitment that you made your going to be on track you're gonNA feel a lot more secure inside inside and a lot more fun. Life is a lot more fun when you're living your news. Yes yeah if you're living on the edge all all the time it adds stress to your life and it will you look at people sometimes and they look a lot older than their years. Because you're so stressed out you know a So all those things can can Be Hindrances to keep your track today. We're just talking a little bit of common sense stuff you know. We're not talking about how to put together a part Foley or anything but this will apply for everybody out there. I don't care if you're a millionaire. Now Laura billionaire or even average everyday middle class person or even in the you know. Maybe you're not even middle class where you're still struggling. If you hear this message message you can move from that up you can do it. Think about a millionaire today as opposed to maybe thirty years ago forty You can be close to a millionaire just in the value of a home that you're living in a because of living. Well exactly I mean a half a million dollar home. Home isn't as extravagant as it was. Fifty years ago it was a matching then. All friend of ours called inflation. Yeah so being a millionaire leaner is a lot of average people are millionaires. I'd like to invite our listeners. Those who are listening to write US questions sure and I mean really specific questions and they don't. We won't identify them if they don't want you know we won't. We won't use names on the on our podcast but we would love to hear from you if they have have a question. We can tackle those questions and talk about so. Let's say this hits you. Let's say this subject like. Oh how dare you talk this way margie. You you know. I've got this problem problem problem thoroughly at at us. If we can't come up some some really good ideas and how you might tackle it you know sometimes just throwing it out there. You'll get some good responses and you know that's what we're all about building your American dream here. which is Your Life Dream Your mission your costs whatever it is so go out there and live it and be it absolutely and I I think yeah like you said a little common sense sometimes You don't have to give all the the magic answers on this or that but be people sometimes you that and they go. Yeah I knew that I needed to be reminded. Thank you Jim all right thanks for listening. And that's it for today..

Margie whitcomb Jim Rosetti US Margaret She Porsche Lee Karzai nick Laura billionaire Keith Foley
"jim rosetti" Discussed on The American Dream Experience Podcast

The American Dream Experience Podcast

12:23 min | 2 years ago

"jim rosetti" Discussed on The American Dream Experience Podcast

"Okay Jim Rosetti here I'm talking today with Margie wig up a PTAS financial services and we are talking the American dream experience we have we are promoting that and we're the upcoming one that will becoming people can still attune we'd love to have them so we have them on a regular basis so just look at our website or give the officer Jingle it will get you invitation out to you and you can join US exactly yeah Marci I wanted I want to draw attention on your twenty months to answer questions for your journey toward investing hold your thought if they would like a copy of these questions they can find him on the website they can call office they can get a you know we can get them a copy of it because even if they're working for with another brokerage firm another adviser just had knowing the right questions to ask will make you a better investor and make your investing life a lot forty if they're working with another investment counselor they could bring up some of these questions to see how they're answering exactly so but go back to your thought well the question we were I was going to zero in on today is number nineteen and because I'm I think I shared with you my other was one of those people that came out of the depression era and item to fax long-line out but twenty four she was just she had a terrible era of having gone through that that it would never touch her again in her life and some people have biases because of these fears from there ask yeah absolutely becoming culture rated in the family and within a social group that say for example what you bring coming up this idea you know when that Great Depression happened really came well a couple of different ways but one way was to become so conservative you know putting their money under a mattress trust in banks and almost try twenty Eliza around yeah right right but but what it does is it sets up this mindset that is is really detrimental to your own long wealth and your own well being in your own American dream exactly so we want to know what those biases are and then you could take a good look at him otherwise it kind of just living and you because you're a human being yet we all have oh yeah yeah as much as we'd like to avoid them sometimes they become something we we picked up on early in life and it sticks with us things too like I shared with you my mother you know this is years ago as a kid that I used to hear this from her but I know that it affected her and her thinking about money and yet mattress money was important in this and now you're hearing things like you know we got to buy gold because the whole world's GonNa crash or everything's going to go and that seems to be a new resonating thing that people are talking about you're at Yeah I've got a little are you can go I googled you investor biases investment biases and I can't this article says fifteen biases that make that make you a bad investor in the opening statement is investing shouldn't be hard by quality companies at good prices in hold them for the long time not much more to a simple pretty simple yeah we we have three let's you know own equities or stocks diversify couldn't fixed income to regulate the amount of volatility men re-balancing it just keep it ruins according to that mix so but many investors fail why do they fail he blame your brain you come hardwired with all kinds of biases that caused us to misinterpreted information and push us in a regrettable decisions so one of those biases is called hurting hurting biased I thought this was so funny GonNa find that here it says okay mostly are heard conformity conforming to whatever is going around you you know everybody's doing man's running over the side of a cliff I plan is he in some TV commercials along those lines can be a good thing though like when you're obeying traffic laws and there's times you say sidewalk if you're walking and you know not walking in the middle of the streets things like that but nevertheless this is a great statement remember this one shot what you step into when you follow the herd love that because this is true there's a lot of Doodoo out there and a lot of don't don't and and some of that herd behavior gets stuck in a Rut and we're not looking at what really we need to look at the proper mix of assets in some of these technical things we've talked about in past podcast so you know really careful I think the first thing we have to do is admit were human you know human beings hotshot guru hotshot stocks. picker don't try to be because it's it's foolish and it's almost an it impossible task I when the when the when the herd is charging in I'm I'm in fact many of the right moves in the investment in your investing life are exactly the opposite of what the her wants to do and when markets start to fall people start to feel like oh they gotta get out before I lose it all is one of the things you hear if you properly diversified you're not gonNA lose at all the portfolio the amount in the portfolio Mike have a temporary downturn you rebalance you give it some time it'll come back if you're taking money off of that portfolio on a regular basis you have to watch how much volatility you have it's really not rocket science you can do this Yeah you might need a third party person to do it for you because your gut your instincts are GonNa work against you and then when everybody's getting in and you feel safe right right you jump in one ear jumping in at the top it or near the top it's just crazy yeah you're isn't it we're in falls again and you say oh me I got such bad luck but it's not bad luck you're just you're just not wired for being a good investor going against counter to your your instinct now we just came off of extremely volatile week in the ah extremely down the next day was like a whole week zigzagging up and down and up at the end of the week it level back off and nothing had changed I just think if you had let your instincts takeover and you've got that fear and you just gotTa get out when did get out you know and then you sold and that was what the heard probably yeah that's why the market was doing that because the herd they were followed so okay so you get out and then you don't know when to get back in you can you can destroy a fortune in repeat a whimsical thing like that really really sad and your American dreams just go right down the tube you're lucky if you just manage it if you're going on your own instincts so managed to eek out a reasonable Not battery turn Yeah Yeah people don't need to lay awake nights worrying about all of that volatility they have this the three rules you talked about and a lot of the information that comes off of your events at you right we talked a lot optimism is hurting by his oh there's a whole slew in so framing how you frame same nation Jim here's it margie here's and yet we do totally opposite things because our minds because of our experiences in life because of what we've been told by our family and our answer uncles in our grandma's and GRANDPA's and you know people have been talking and whatever we take in that cultural message who really I guess they can't make a mistake because they're so smart right well you know they're human and once we accept our humanity and then we have these issues if you will we have these biases then we can be clear and then you steady they will keep you in the market appropriately now positioned in the right ways in yes you for those volatile sometimes you've got your chicken money as my good friend Gary savage calls it chicken money yeah she had an article in this big volatility it was really quite good achieve she and I go back and forth about how to handle these things and she has a very good comments as well and generally she and I are are in alignment about things in again here we are to she at the very end she says you know of course the market eventually bounds it always does it can take some time after the bear market of the nineteen seventies took more than a decade for the major averages is to recover if you're a regular investor continuing to contribute new money to a mutual fund during those years what stocks at bargain prices any eventually profited from a rebound bull market for it lasts longest one I think at much much shop in a couple of years not much down and we've had a couple of years that have been down but they're not down persisting is so what do we do want to go back to my example you simply have the proper structure to begin with.

Jim Rosetti officer Margie twenty months
"jim rosetti" Discussed on The American Dream Experience Podcast

The American Dream Experience Podcast

03:30 min | 2 years ago

"jim rosetti" Discussed on The American Dream Experience Podcast

"Jim Rosetti with March of WIT Cup and Veritas investing and marching today great good. You're upbeat. You're you're. You're ready to jump into action here. Yeah let's start off with a great question. I think we've covered a lot of questions in the recent podcast but there's a few out here that are that are really that we need to touch base in one of them. I'm wondering do you have customized lifelong game plan or a guy to all of your investing testing and you're spending decisions and then isn't that an intriguing question. It is daunting. Wouldn't it be some people blue heard this. Oh we don't have anything like that exactly we. We go into life helter skelter many times I do. I do you go into college. Figured out you know and the kind of take a little this little that right. It's kind of like going grocery shopping in grocery shopping and grow. Oh that looks good and then all I'm hungry. All that chocolate bar looks really glad to greet metaphor because yeah no discipline discipline disciplined never to shop when you're hungry right going to buy every cake and cookie all the bad stuff for you there right into you'll end up going home and you won't have anything to make you suffer have not known the ingredients you need. You ate everything you bought the way home exactly but a lot of us can identify with that. You know it would be nice life. We're just so easy that we could just skater scoot through it without having a plan but you know if we're going on a vacation think about it if you're going on a vacation let's say you're you're going to spend five thousand or even a thousand dollars. That's why it's hard for me to plan a vacation because you head out of town you think did I cover everything might run into out on this. If you get a flat tire on the way if you get a breakdown on your vehicle on the way Tripoli something but it's still going to interrupt your trip and and you still going to have to deal with maybe a repair job yeah well actually what you're referring to her or alluding to there in that. I was going a little different way but can come back to what I was thinking. But what you bring up is a really good reason why you WanNa life's long implant because if you're in the game plan let's see let's take that analogy of the vacation and something does go wrong here if you have a plan. If you know where you're going in from have it's sort of an agenda of some sort right right well then you can get back on track. If you don't have any plan at all and something comes up I it's much worse I there's no plan B. out there period to recall. I mean you feel much worse. That's why when people there's a detour in the road but you know where you're going then you can take the detour with confidence going to get back on the road. Get back on track track right absolutely as is you. Just where am I going and that's how many people go through their financial life. If you're living too close to the edge on things you're on on the very you're living paycheck like the paycheck. You're such a tight. You don't have room for an emergency emergency or even fun because you know they're common win win. It.

Jim Rosetti Veritas thousand dollars