[VIEWER QUESTION] Does owning gold secure your financial well-being?

This week I answer another question, this time about personal wealth.

A viewer wants to know if I think owning gold will secure a person's financial well-being.

Of course precious metals are only one of the eight asset classes of the wealthy and to protect yourself, you want to have exposure to as many as you can.

To learn more about the eight asset classes of the wealthy, ready my book, Invest Local

Get Invest Local Now. $10.

The Invest Local Book blog is all about small business, franchises, local investing, home economics, small business systems and borrowing money for your business. It's full of great content and I look forward to seeing your feedback.  Sign up for my mailing list and don't miss a thing! [CLICK NOW]

[VIEWER QUESTION] What would I do with $65,000? Save, Invest? So many options...

Rick sends in a question this week about investing money.  What would I do with $65,000?  Well, lets apply the asset classes covered in my book, Invest Local, and see how we might allocate the funds.  Enjoy.

Buy Invest Local Now $10

The Invest Local Book blog is all about small business, franchises, local investing, home economics, small business systems and borrowing money for your business. It's full of great content and I look forward to seeing your feedback.  Sign up for my mailing list and don't miss a thing! [CLICK NOW]

[VIDEO] Dr. Goldfinger

I stopped by my local bullion dealer today to pick up an ounce of gold. I discuss asset diversification and the 8 asset classes from my book, Invest Local.

Enjoy



InvestLocalBook.com is the blogsite for Invest Local, a book about local investing deals such as loans, leases, inventory financing, receivables financing and more to small businesses and people.

The truth about eating out. You'll never accumulate wealth if you spend all your money... and erode your health.

I read a great article today on Zerohedge and the infographic presented sent such a powerful message about how we spend our money and what it means in the long run.  Prices are in USD but proportionately this would likely be true everywhere.

Read the original article here 

More fine tuning and a crazy coincidence with a huge diamond.

I submitted my text to Create Space for review and got back some warnings about low-resolution images in the book.

After going through it again, I realized that I also had some colour graphs in a book which is supposed to be black and white.  So I fixed those issues as well.

I went through things again and made a few slight changes.

Here's what I really want to talk about; today I had a totally serendipitous conversation with a building contractor.   I met him at his office and while I was there, a courier came to deliver a package.

He opened it in front of me and showed me a 2.5ct teardrop diamond.  He also showed me the appraisal certificate saying it was worth over $65,000.  I told him about the book project and how I had just written the section on collectibles in the asset class portion of the book.

I asked him how and why get got into gemstones and his answer could have been quoted from the book.  "As a contractor, people are always looking for personal guarantees on contracts for buildings and financing.  They're always trying to assess my property and see what I own that could stand as collateral.  Nobody I do business knows about these gems and if anything were ever to go wrong, I can move on with substantial wealth in my pocket."

He then went on to recount the first time he had purchased a stone, it was a ruby worth only $3,000.  He trades them in  and buys and sells them, he uses three different dealers.

He invests a lot of time expanding his knowledge of this particular type of collectible investment.

I'm hoping the book will help many readers realize the pros and cons of developing a truly diversified portfolio of assets.

I just sent the book off again for a final review by Aaron.  Let's see how much he highlights for review...

Thanks

No, I'm not a big JT fan...

Just to be clear, I am not a big Justin Timberlake fan.  It was a corporate event.  A business meeting, if you will.  It was also a fantastic show and he did a great job entertaining the crowd for about three hours.

Last night and this evening I've been doing research on CreateSpace, Lulu.com and other publishing platforms.  I've also learned about Kindle and Kobo and the different royalty systems that booksellers use.  My friend Rick finished reading the draft and says that I need to shorten the section on myself and add a section on the 7 asset classes and portfolio theory.

I tend to agree with him and will likely make these changes.  My buddy Aaron is expected to finish reading the book tonight and I'll see if his feedback is similar. If I take some of the personal stuff out, I can always publish it here on the blog.

I am beginning to see that the biggest hurdle in getting the book out there will likely be promoting it once its available.  I think this journey is going to be a lot of fun.

Also, I believe I've settled on a name for the book:

Invest Local:
A guide to superior investment returns in your local community.  

I even had a proposed cover made up by a guy I found online..