You are here: Home » Blog » Reviews » Financial Gurus

From the category archives:

Financial Gurus

Many Popular Financial Advisors Don’t Have Kids

February 4, 2010

I am curious if life is made up of Either / Or choices or if it is truly possible to have a life full of ANDs. I’d like to believe it is possible to keep adding ANDs to your life, yet I know that at some point your plate gets full and you have to take things off.

So, what do I mean by leading an AND life versus an OR life?

Do you agree with this statement?:
In life, you can either have a fulfilling career or a great marriage or you can have children.

Or do you agree with this statement?:
In life, you can have a fulfilling career and a great marriage and you can have children.

There are only so many ANDs you can add to your list. Yet how do you know when enough is enough? Is it possible to just get more and more efficient with your time to the point where you can have all the ANDs that you want?

Here’s some of the financial top gurus family status:

Suze Orman – No Kids

Robert Kiyosaki – No Kids

David Bach – Unknown (Please let me know)

Dave Ramsey – 3 Kids

Okay. Point conveyed. Is it possible to reach any sort of financial freedom when you have the responsibilities, be it financial, time, energy, love, that you have to devote to your little ones? I’m not sure. I hope so. However, it does bother me a bit that many of the top advisers on financial education and wealth don’t have a family. Suze Orman recommends investing in your retirement before sinking too much to save for your child’s college, but that is a very difficult choice to make in my opinion. As parents, you often have the instinct to take care of your children as much as if not more than you take care of yourself.

Its difficult for me to listen to some of these gurus talk about how to get rich because I feel they are already too far removed from me and my life. Not to mention my age group. I prefer to read many of the blogs out there at the moment.

I have a little toddler and the question that has entered my mind lately is just that: can I have this AND that, and to what degree. Can I truly find balance? Right now, it seems that all that I am doing is adding to my plate, with out enough focus, and I am not taking enough away.

What do you think? Is it possible?

{ 0 comments }

Review of Conspiracy of the Rich Book by Robert Kiyosaki

January 1, 2010

I am reading a lot of financial books right now, and I plan to provide the key take aways that I get from the books, not necessarily a full review of each chapter. In fact, I’m not even going to outline the full “8 New Rules of Money” from Conspiracy of the Rich, instead, simply the main points that I found of value and how I’m going to apply them to my life. I have seen a lot of controversial blog post about whether Kiyosaki offers sound advice or just fluff, whether he has a legitimate story for his background or not, etc. My feeling is that he offers some good big picture suggestions that you then have to spend time researching on your own and deciding what will work for yourself.

Read the full article →

Advice for the Young, Fabulous and Broke from Suze Orman

November 13, 2009

The point that I found most interesting is her recommendation to make absolutely sure that you are choosing a career that is what you want to spend the next 30 – 40 years doing. If you’ve picked a job just for the money, then why not use the time you have now, when the economy is down and out, to better your education. Not necessarily grad school or that type of pricey education either. The education that you can get from networking, exploring what truly interests you in your free time, and giving real thought and dedication to ensuring you have chosen a career and not a job.

Read the full article →

Financial Ignorance and Conspiracy of the Rich

November 11, 2009

“‘Is the love of money the root of all evil?’ I say no. I believe it is evil to keep people in the dark, ignorant about the subject of money. Evil occurs when people are ignorant of how money works, and financial ignorance is an essential component of the conspiracy of the rich.”

Read the full article →

Eker’s Jars and the Millionaire Mind Philosophy

November 9, 2009

I’ve found that most advisers recommend reducing your debt as the number 1 best way to be financially well off. It’s not that I don’t want less debt, because I do. But I tend to agree with Eker that its better to focus your energy on creating good financial habits, such as allocating amounts of your income regularly, rather than only focusing negative energy on paying off your debt.

Read the full article →