Money Lessons For People

These are strong guidelines NOT rules.

First a question, Why do banks and insurance companies have the biggest buildings?

1. Don't take out short term loans (keep balances on credit cards at zero) and don't pay interest

2. Don't rent

3. Save 3 months living expenses and keep in a money market account

4. Invest

5. Use mutual funds and ETF's and be diversified. Check what your funds own to be sure they don't overlap too much. Also be balanced between large and small companies domestic and foreign. Think long view.

6. Own real estate beginning with your own home

7. If you don't want to be a landlord, use a real estate mutual fund

8. Be sure to watch your funds and see they are outperforming the averages and are in the top 20% in there category. Check 2 to 4 times a year

9. Only buy term life insurance and invest the difference

10. Plan for retirement. Don't expect Social Security to be enough. It won't be!

11. Separate your needs from your wants. Ask yourself "am I going to be happy about this purchase when I have to pay the credit card bill and beyond, or am I caught up in the excitement of the purchase?"

12. Pay yourself too. Enjoy each day! Control your money and don't let it control you

13. Dollar cost average. Buy some mutual fund shares every month (or whatever time period works for you) Don't expect to buy at the low or you will not succeed. Instead, look at it as when it goes down you get more shares. After all you are buying for the long term, not selling anytime soon

14. Don't jump around to try and catch what is hot. Your too late. Instead, what is cheap and going to be hot next? Here's a good rule of thumb about investing: When people who know nothing about an investment start buying it, that's a good time to start selling it. The reason is simple. The unknowledgeable ones are always the last people to buy. Once the amateurs are in, there is no one left to buy. That market can't go any higher.

15. Don't invest funds for the long term that you will need within 3 years. That is what the money market is for.

16. NEVER go without health insurance

17. Always carry car and home insurance

18. Live well, but below your means

19. Have a short term and a long term plan and write it down where you can review it often. This includes all your goals. If you don't write them down your chances of success in achieving your plan is greatly diminished.

20. Don't jump in and out of the market. Market timing does not work. Instead use a 50 and 200 day moving average to buy when things are not too expensive

21. Make these kinds of decisions prior to this happening and NOT when the market is open. I like to do these reviews on Sunday mornings, away from all the news and market "noise" where I can be objective and consider my long term goals.

22. When it comes to the markets, leave your emotions out of it!

23. Don't buy extended warranties

24. The problem with borrowing money, you have to pay it back, WITH INTEREST!

25. Avoid the bankers 4 D's Debt, Divorce, Disease, and Death (not necessarily in that order).

Regarding number 9 you want to know why buy term and invest the difference is better? Ask Dave Ramsey and Suze Orman and they will tell you. Let me mention they are on a national station channel so in order to be on a channel like that you need to know what your talking about. So yea many agents may not agree with them but in my own opinion they that don't agree don't have their own broadcast show time slot. Sometimes when you want to speak the truth you have to be controversial. All you can do is All you can do, but all you can do is enough. People think oh the market is bad your not going to get any good rates. Let me ask you are you listening to what it says about the market on tv, radio, or are you listening to what the investment companies like Leggmason, Blackrock, Invesco, etc are saying? Since inception its been averaging around 12% the market. Banks pay less than 1% for a savings, CDs, and money markets can be under 2% at the moment at the banks but what you don't realize if you have your money in the bank they can legally invest in the global economy and earn higher % rates and pay you the peanuts in your account. Sad but true. I might offend some people but you know what the truth hurts. I rather speak the truth than tell a lie. I'm no longer in the financial industry but I got to speak to representatives within Leggmason and pick their brains and find out how the market is really doing. My managed municipal money market through Leggmason my statement says the past year my money market has earned 5%. My Roth IRA that I have through Leggmason overall the past year has earned 10%. 5% and 10% tell me do you think I am complaining about the market? Nope! Now each person is different based on what they invest and what not but this is just my personal account statement. Now I want to mention that Leggmason they manage Bill Gates money. You know the Microsoft Billionaire Guy. Do you think I want to put my money in the bank where it pays less than 1% when you use the Rule of 72 where you take 72 and divide it by % rate and then it will tell you how many years your money will double because it would mean it would take 72 years for my money to double if I earned 1% in the bank account. I may not be fully contributing but I at least have the access to it so when I am ready to fully contribute it I will be investing more than anything. Some people might not like what I'm saying but hey I am not a people pleaser I only please my girlfriend, my better half, my queen. Winning means being controversial and hell if I got to win I got to win ;) 

My review of Kings Rosemont

Hey everyone,

It's Julio aka Richalatino here and I wanted to start giving out reviews for different places I've been to and let you know more about them and my star rating on them. For the first review I am going to be reviewing Kings Rosemont. It is a bowling, billiard, and restaurant in Rosemont IL. Actually fairly new it just had recently their 1 year anniversary not too long ago maybe a month or so ago. The address is 5505 Park Place, Rosemont, IL, 60018. Located off of Bryn Mawr and River Road right next to the Muvico Theater inside MB Financial Park. This location is actually one of my favorite bowling alleys to go to and gets Richlatino's 5 star rating and Two Thumbs up award. One the way it looks from the outside and inside really clean and professional. The people that work there are really friendly and offer 110% customer service. One of the managers I got to know and by far I believe should get promoted even higher because she knows how to excel at making sure customers are having a great time her name is Amber. I met her about 2 maybe 3 weeks ago and I tell you this girl can really make a customer feel great and she has such a great vibe that you definitely want to come back and enjoy a good time either bowling or playing billiards or even having some drinks and watching game on their TV's. Her and the whole team there really exceed at that. Especially if you want to have a birthday party there, corporate party, etc they have it all even a private area for bowling with huge TV's to watch sports and everything is just excel. I've been to other bowling alleys and I tell you this is by far the best one in IL no one can beat that. They have also a lot of specials throughout the week.

Monday's are industry nights for those that serve in the industry where they get tips they can bowl or play billiards for free with a pay stub or business card after 9pm 21 and older.

Tuesdays is $2 Tuesdays were its $2 bowling, $2 billiards, $2 pizzas, and $2 beers which is always great and thats in the evening from 8pm to close 21 and older.

Wednesdays is Wild Wednesdays every Wednesday at 9pm for just $10 all you can bowl. It;s a bowling buffet. (Minimum 4 bowlers per lane) 21 and older.

Every Thursdays is Ladies Night - Ladies bowl free after 9pm $4 champagne all day and 1/2 off on deserts. 21 and older but ladies you would love this especially if you want to have girls night out.

Kings Karaoke Idol - Sing like the stars - Auditions held every Friday at 9pm and 1st place prize is $500 so call ahead for table reservations 21 and older.

Of course just because its 21 and older in the evening the kids can have fun before 6pm each and every day. They would love it just for bowling. They do kid birthday parties as well.

So definitely check this place out if you have never been there.

www.kingsrosemont.com is their website their phone number is 847-233-0099

Follow them on Facebook look for KingsRosemont and on Twitter @Kingsrosmeont

Definitely one of the best places I've been to for bowling, billiards, food, and drinks, and watching the game. My number one spot for going out with friends is Kings Rosemont. Oh and also if you park in the garage park in the MB Financial Bank side and take your ticket inside and they will validate it so will be free parking.

You heard it first from Richlatino and Kings Rosemont gets Richlatino's Two Thumbs up award and 5 star rating.

My story

In the early 90's I was diagnosed with Tourette Syndrome and Depression - and not too soon after - Bipolar Disorder. When I was diagnosed with these disorders I was placed on prescription medicines and have been taking them every day since then. Last May my doctor announced that I was going to be on these meds for the rest of my life. This was not an option in my mind -  So I began my search for hope. 

In the summer of 2012, I was introduced to USANA and started the supplements. Within 3 months, I noticed a huge improvement in my health and I started reducing my prescription medicines on my own. I am now 28 years old and as of Christmas 2012 I can proudly say I am no longer on prescription medicines.  Can you imagine the gift this is to every organ in my body, and most importantly to my peace of mind.

I hope my story will inspire others to be in charge of their health and not give up hope for the solutions they are looking for.

 And then there is financial hope - the freedom to enjoy this new lease on life...to not get sucked into the vortex of working for 40 years....

We are in a new era, with new options and this direct selling model is absolutely brilliant for those of us with the vision and the passion and the work ethic to build teams and earn income by helping as many as possible, just like me ~ with their most important asset, their health.  

As for me, I'm bringing as many with me as I can....

So why am I here to not only share my story and offer people hope that if they want to take care of their own health they should be in charge of it and not a doctor but also because I do believe Usana has the perfect model that can let people achieve their dreams to become financially independent. I see the finish line and each day I am striving to get closer to it because I do know that working 40 years for the rest of your life and then you retire you're not going to be financially independent unless you start saving beforehand and having your own business along the way. You don’t want to be in the rat race going in circles and never reaching the finish line. You need to have your own business and not only do you need to grow that business as your growing that business and building residual income you have to start saving for your retirement when your young because the later you wait to save the harder it will be and then it will be just too late. For the younger generation you want to ask yourself work 40 years a job and enjoy 5 years of your life or work a business and do it 110% for 5 years and enjoy 40 years of your life. Success doesn't happen overnight and does take hard work. If you give it your all and some more you will get to the finish line and keep on going.

For people that think the world will end in 2012

For people that think the world will end in 2012 wake up and smell the coffee grounds because it ain't happening. The only thing that is happening this year is the Galactic Alignment when the sun aligns with the milky way. Happens every 20,000 or so years. That is the only thing happening. As far as the Mayan Calendar I think everyone is misinterpreting the meaning of it. Sure the calendar ends in 2012 but that does not mean the world ends. If you haven't noticed the media and filming industry is making huge profits off of the 2012 Mayan Calendar. Heck we seen it in the Chevy commercial at the Superbowl on this past Sunday. Its a money maker for sure on your fears. Remember Y2K? How did that turn out? Let's not forget the guy who says the world will end almost once every quarter and people still give him money which is crazy in my point of view. When the time comes for the world to end we will know but as for an exact date its not going to happen. Only god knows that date.

Twitter now lets governments decide what content is suitable for their citizens

Seen this on Yahoo news. Found it interesting. Can we say that Big Brother is now watching our Social Media?

http://news.yahoo.com/blogs/technology-blog/twitter-now-lets-governments-decide-content-suitable-citizens-185720735.html

Money Lessons for people

These are strong guidelines NOT rules.

First a question, Why do banks and insurance companies have the biggest buildings?

1. Don't take out short term loans (keep balances on credit cards at zero) and don't pay interest
2. Don't rent
3. Save 3 months living expenses and keep in a money market account
4. Invest
5. Use mutual funds and ETF's and be diversified. Check what your funds own to be sure they don't overlap too much. Also be balanced between large and small companies domestic and foreign. Think long view.
6. Own real estate beginning with your own home
7. If you don't want to be a landlord, use a real estate mutual fund
8. Be sure to watch your funds and see they are outperforming the averages and are in the top 20% in there category. Check 2 to 4 times a year
9. Only buy term life insurance and invest the difference
10. Plan for retirement. Don't expect Social Security to be enough. It won't be!
11. Separate your needs from your wants. Ask yourself "am I going to be happy about this purchase when I have to pay the credit card bill and beyond, or am I caught up in the excitement of the purchase?"
12. Pay yourself too. Enjoy each day! Control your money and don't let it control you
13. Dollar cost average. Buy some mutual fund shares every month (or whatever time period works for you) Don't expect to buy at the low or you will not succeed. Instead, look at it as when it goes down you get more shares. After all you are buying for the long term, not selling anytime soon
14. Don't jump around to try and catch what is hot. Your too late. Instead, what is cheap and going to be hot next? Here's a good rule of thumb about investing: When people who know nothing about an investment start buying it, that's a good time to start selling it. The reason is simple. The unknowledgeable ones are always the last people to buy. Once the amateurs are in, there is no one left to buy. That market can't go any higher.
15. Don't invest funds for the long term that you will need within 3 years. That is what the money market is for.
16. NEVER go without health insurance
17. Always carry car and home insurance
18. Live well, but below your means
19. Have a short term and a long term plan and write it down where you can review it often. This includes all your goals. If you don't write them down your chances of success in achieving your plan is greatly diminished.
20. Don't jump in and out of the market. Market timing does not work. Instead use a 50 and 200 day moving average to buy when things are not too expensive
21. Make these kinds of decisions prior to this happening and NOT when the market is open. I like to do these reviews on Sunday mornings, away from all the news and market "noise" where I can be objective and consider my long term goals.
22. When it comes to the markets, leave your emotions out of it!
23. Don't buy extended warranties
24. The problem with borrowing money, you have to pay it back, WITH INTEREST!
25. Avoid the bankers 4 D's Debt, Divorce, Disease, and Death (not necessarily in that order).

10 Tips for using Linkedin if your a beginner

Here are 10 Tips I recommend if you are a beginner for using Linkedin so if you are using it for business or professional you want to make your page be noticeable.

1. Add a picture of yourself on Linkedin. Reason being people that you add or that add you want to know who you are and without a picture you're not really getting a professional result from getting noticed. It makes you look mysterious.
2. Have your name in Caps like this JULIO CARRASCO it makes you stand out and people will want to look at your page if it stands out from the rest.
3. Have your resume imported to your page with your achievements and accomplishments. Having your resume is very important if your looking for work or trying to find business. If they see what your doing with your professional history they will be interested in contacting you.
4. Get recommendation from coworkers, family, and friends. The more recommendations you have the better chance you have at getting noticed as well if your trying to do business it will look even better.
5. If you can afford it I would recommend upgrading your Linkedin page to a monthly or yearly membership. One is you get to reach out to more people if its for business or even if its for finding a job. With a upgraded Linkedin page there is way more advantages than your free page.
6. Introduce yourself to people you add if they don't know you. Send a thank you message for them accepting your add and try to network with them. If you just add someone just to be a page collector your not really getting good results.
7. Meet many of the people you add over a cup of coffee if its convenient for both of you and get to know one another about what you both do professionally. You never know who will be the one you do business with or who will be the one who gets you a job opportunity unless you meet them in person.
8. Followup followup followup. One can only say that following up with someone you add or meet from Linkedin is a must. It shows that you are interested in what the other person is doing on Linkedin.
9. Give recommendation to the people in your connections that are on your page. Know about what they do and give your support for them. Helping another will benefit you in the long run.
10. Keep your status updates up to date. Let people know what is going on with you and what you got going on in your life. Don't be missing in action or M.I.A as I say. Communication is key to a good relationship.

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