Money Secrets Of The Amish by Lorilee Craker – Personal Finance Book Review – Bartering and Gifting

Challenging economic times inspire people universally to make wise financial decisions. Whether it's choosing to repair a vehicle instead of purchasing a new one, or investing in simple pleasures vs. opulent outings, such behaviors are proliferating. One culture that has always lived austere, yet meaningful lives is the Amish. Increasingly, people are intrigued by their lifestyle; and wonder what aspects of their living they could comfortably imitate.

Lorilee Craker is the author of the new book, "Money Secrets Of The Amish-Finding True Abundance in Simplicity, Sharing and Saving." She examines their lifestyle, which is extravagant in peace, family and community closeness. For them, thrift is a muscle that is exercised regularly.

Craker interviewed Amish folk in Michigan and Pennsylvania, including an Amish banker whose clientele is 95 percent Amish. During the Great Recession in 2008, his bank had its best year ever. Amish experts and Englishers' (Amish reference to anyone non-Amish), financial perspectives accentuate the book too. Here, two of their money-saving habits, bartering and rethinking gifts, are discussed.

Bartering. Bartering was a popular social behavior from the 1880s to the Great Depression. It's common again today. The Amish, who have a long history of living outside a cash economy, love to swap goods for goods, goods for services or services for services. In regards to bartering, ask yourself, "What are you good at and what could you negotiate for something of worth?"

Unfortunately, Americans can be too proud to barter, but it's popular in foreign countries. Barter, and you will:

  • Build relationships and community.
  • Engage on a deeper level when you must express your needs.
  • Think of your assets first before your needs.

If you're uncomfortable bartering, start with your friends and acquaintances; and seek bartering opportunities. Post what you need on social media sites.

Rethink Gift Giving . The Amish give one gift per child for birthdays and christmas. Gifts are often useful, need-based and hand-made, regardless of the recipient's age. The first step in rethinking gift giving is to scale back. Consider giving gifts that are either: a. experiential or charitable, or b. homegrown in some way.

Experiential gifts. Give the gift of a single experience, shared or not, of know-how, skill, and most importantly, memorable. Examples include sporting events tickets, museum memberships, or Horseback riding lessons. Experiential gifts can be expensive or cheap, as it's more about investing in the relationship.

  • Un-wrappable gifts. They can be fun, frugal, yet meaningful. Give coupons for services including babysitting, housecleaning or yard work.
  • Coupon-gifting. Consider giving the gift of time, allowing you to create memories, which are priceless. Coupon gifts are also something to anticipate using.
  • Make a donation in the recipient's name to an endeared charitable cause.

Homegrown. Examples include painted pottery, made candles, garden stones, and soap.

  • Cook, Can, Bake. "Somehow there's something about a kitchen gift that's infused with so much more than the cost of ingredients," says Craker.

Secondhand. Aim for 20 percent of your gifts to come from resale, consignment or thrift shops, suggests …

Personal Finance Book Review – How To Give Your Kids $ 1Million Each

By: Ashley Ormond

ISBN 978-0-73037-548-7

Book Price: $ 29.95

Senior executive in the finance industry

Ashley Ormond has worked in the finance industry for over 25 years. In this time, he has served as a senior executive in major international banking and finance groups. He has also been a director of several companies including listed, private, charitable and not-for-profit organizations. He has degrees in economic history, law and finance.

A plan to release wealth to our kids

Mr. Ormond reveals a plan to release wealth to our kids. In 9 chapters, he shares, how to find $ 1 per day (Ch. 2) to invest using investment basics (Ch. 4). He also delves deeper into company shares (Ch. 5), property investments (Ch. 6), growing funds over time (Ch. 7), helping your kids to implement his plan (Ch. 8), & other ideas.

Investing $ 1 a day adds up over time to $ 1,000,000

Ashley Ormond shares with a personal tone to educate readers through simple analogies and scenarios. He is an organized and relational writer who discusses his "aim" openly to validate the purpose of his book. Ashley states, "The aim of the $ 1 million is to enable them to do what they really want to do … rather than what they have to."

Mr. Ormond establishes foundations for readers to apply his ideas. His willingness to guide them through the process leads him to share 4 ground rules for building wealth as, "Make regular contributions … Invest the money in growth assets … reinvest all investment earnings in the fund … never spend it. " Powerful clues towards increase!

Readers are confronted with their responsibilities, as in Ashley's advice to invest $ 1 a day, he challenges readers, "Close your eyes, take a deep breath and say to yourself, 'My child's financial future deserves $ 1 per day …'"

Ashley believes in practical application of ideas, hence his provocation towards involving our kids in wealth building, saying, "The earlier they learn good financial habits, the better … the age of 10 is a good time to begin …"

Ormond employs bullet points to quickly connect readers to key information. He does this in the case of keys for gaining wealth, stating, "Wealth comes from: learning some basic rules … having a plan and setting some goals … sticking to the plan." His ideas are clear, simple, and aimed towards provoking readers towards action.

A plan to give our kids $ 1 million that works

Ashley Ormond guides readers through a simple and practical plan to give our kids $ 1 million each. It works!

Success Step: Phone your local bank and set up an appointment with their investment advisor, discuss this review.

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New Book Advocates Declaring Your Own Personal Championship Season

In Becoming Your Own Champion, Duane Martinz teaches readers how to achieve success by creating their own rules to play by. His energetic cry is to declare your own championship season and then do whatever works for you to become a champion.

Early in the book, Duane talks about how too many people sarcastically say when asked how they are, that they are "living the dream." They act like life is a sentence they are serving rather than a gift they can enjoy, and they fail to seek out opportunities to improve their situations and live life on their own terms.

Duane knows the reason that holds most people back is a negative attitude and a failure to believe they can succeed. Rather than focusing on the bad things that happen and using those as our excuses for not moving forward, he suggests: "How about claiming that everything that happens to you is for a great reason-to move you forward and closer and closer to your goal and the person you want to be. Think like W. Clement Stone. Everyone is out to help you and do you good. "

Duane knows it is hard to believe that success and personal fulfillment are possible. We all have fears, but we need to have enough faith in ourselves to take the first step. We don't have to succeed overnight. We just have to say yes to the opportunity. As he states, "That's how we all start-scared, nervous, but finally we say yes! We say yes to success, and then we stress."

Yes, all this advice is easier said than done, but Duane has taken his own advice many times. He has repeatedly overcome the obstacles, fears, and negative thinking that have held him back. What I love about this book is that he also uses very realistic examples we can all relate to. He's not a professional athlete or a multimillionaire, but a guy just like most of us. Because he has not let fear stop him, he has become a successful public speaker, husband, and parent. Nor did he have the easiest upbringing. He came from a large family that did not have a lot of money. Some of his family members tended to party or get in trouble, which made people think less of him by association. He did do great in school, and yet, he decided one day he would be the first in his family to go to college.

One of Duane's practical examples concerns his college experience. He had previously always told himself he was good at math. It was like a refrain running through his head, "I'm not good at math." But when he got to college, he had to take math. Fortunately, he was determined to succeed, and as hard as math was for him, he found a mentor who helped him to change his thinking and he also started reading positive thinking self-help books. Once he started to think, "I can do math," …

Money Secrets Of The Amish by Lorilee Craker, Personal Finance Book Review – Buying Bulk and Foodies

Challenging economic times inspire people universally to make wise financial decisions while still enjoying life. One culture that has always lived an austere, yet meaningful existence is the Amish. Increasingly, people are inspired by their lifestyle; and seek ways to simplify their own lives.

Lorilee Craker is the author of the new book, "Money Secrets of the Amish-Finding True Abundance in Simplicity, Sharing and Saving." She examines their practices, extravagant in peace, family and community closeness. For them, thrift is a muscle that is exercised regularly.

Craker interviewed Amish folk in Indiana, Michigan and Pennsylvania, including an Amish banker whose clientele is 95 percent Amish. During the Great Recession in 2008, his bank had its best year ever. Amish experts and Englishers' (Amish reference to anyone non-Amish), financial perspectives accentuate the book too. Here, two money-saving habits of the Amish are highlighted: buying in bulk and being authentic foodies.

Amish Foodies (aka Feinschmeckers). Feinschmeckers are Amish foodies-people who eat well and plenty. The Amish love to stick to cheap ingredients, easily accessible in their gardens, root cellars or barns.

Gardening . Gardening is frugal and the epitome of wholesomeness. It's cheaper to buy seeds than it is to purchase vegetables. Gardening can be fun, allowing for time in the sunshine. Its biggest challenge is its time-consuming nature.

Canning. Canning is once again hip in these tough economic times (The inaugural National Can-It-Forward Day was celebrated Saturday, August 13, 2011).

Farm To Table. Buy directly from the farmer and you'll save considerably. Beef and milk from grass-fed livestock, and eggs from land-grazing chickens taste better than their mass-produced counterparts. They're also rich in Omega-3 fatty acids and vitamins A and E. Meat is less fatty than confined cows that eat soybean and corn instead of grass. Farm-to-table businesses promote a slower, kinder, gentler type of food consumption with a shortened food chain.

Community Supported Agriculture. A farmer offers a certain number of "shares" to the public. The shares typically consist of a box (or basket) of vegetables, but may include other farm products too. As a consumer, you purchase a share (aka a "membership" or "subscription"). Each week in return, you receive a box of seasonal produce.

Farmers Markets. Farmers markets are commonplace today. They unite country folk who produce healthy foods in an earth-friendly way and townspeople who pay a little more. When patronizing your local farmers market, keep these tips in mind:

  • Learn what's produced regionally and ask growers about future market offerings. Buy in season.
  • Arrive early and reap the market's best selections.
  • Arrive later in the day and benefit from lowered prices, in exchange for farmers not lugging their wares back home.
  • Be adventurous-buy ethnic, heirloom or rare vegetables. Google recipes.
  • Pre-plan meals and purchase accordingly at the market.
  • Bring durable canvas bags or backpacks for transport and small change to expedite transactions.

Buying In Bulk. The Amish buy in bulk monthly at dry good stores or damaged goods outlets (damaged or expired dated products are still …

Dot Money, By: Eric Majors – Book Review

Author: Eric Majors
ISBN: 978-0986291708
Pages: 245
Genre: Finance / Economics
This book is about a new currency.

Dot Money is a revolutionary look at the way America deals with money. Eric Majors, a financial markets expert, details a provocative new way to change the American economy that will benefit the rich and the poor alike.

Majors explains how the American economy has not benefited everyone, and how that can be changed with his new economic system. The poor and middle-class have stagnant wages while inflation increases. Even the wealthy are disadvantaged by being at the mercy of an unpredictable stock market.

Majors' solutions to the problems of the economy are varied and unique new ways to reinvent the economy. Majors proposes that Dot Money could be used as a virtual currency similar to Bitcoin that can help stabilize the global economy. He proposes a mix of conservative and liberal economic theories to help the economy. Majors wants the United States to produce more money to stop borrowing from other countries to reduce debt. The author advocates ending the income tax to help spur economic growth. Majors also hypothesizes about issuing a monthly stipend to low-income Americans to help revitalize the economy.

Dot Money is a book that will undoubtedly spark conversation about the state of the American economy. Majors presents a cohesive plan that is as spiritual as it is financially sound. The spiritual aspects of the book makes Dot Money a perfect book for people who want financial advice with a spiritual side, similar to the books by money expert Dave Ramsey.

This book is also a rare financial book that does not have a political agenda. Fans of conservative economist Adam Smith and followers of liberal economist John Maynard Keynes will both find aspects of Dot Money that they will agree with wholeheartedly. Majors makes complex economic issues easy to understand with his uncomplicated, real-world examples about the global economy in his book. Even readers who are not financial experts will be educated by Dot Money.

This book would be an excellent addition to any reader's finance or economics book collection. Fans of economist writers like Paul Krugman will want to read Dot Money. Majors also has created a timely book that will further the conversation about virtual currency in a global economy. For anyone trying to understand our modern economy and its globalized structure, this book is a must read!

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New Book Teaches Freedom From the Money Messages That Hold Us Back

In Money Messages: Get Out of the Red and Into the Green, Emotional and Financial Freedom to Transform Your Life, Jody Robinson and Karen Putz come together to create a powerful book that teaches people how to look at their relationships with money and then transforms them into emotional and financial freedom. Robinson is a wealth manager who has been involved in all aspects of financial planning, from wealth management and portfolio construction to tax and insurance planning. When Jody put out the call for co-writers, Karen Putz approached her to co-write this book because Karen's mission to help people find their personal passion complemented Jody's desire to help people live better quality financial lives. Putz is a deaf water skier and the author of several books, including Unwrapping Your Passion. Together, they have created this insightful, thought-provoking look at how we can all improve our relationships with money.

The book, which weaves together interviews and personal stories with practical exercises and reflections, is divided into three sections: Understanding Money Messages, Rewriting Your Money Messages, and Investing in You. Robinson clarifies that before we can have a positive relationship with money, we need to understand what messages we received about money while growing up, such as "Money doesn't grow on trees," and also the spending or saving habits we saw others emulate and which we may now be practicing, consciously or not.

In the book's first section, Robinson takes readers on a journey to understand money. She looks at money's true purpose, but more importantly, she asks readers to ask themselves to examine their belief systems about wealth and lifestyle. She provides tips on how to take charge of your own destiny and how to determine what money decisions you need to make for your dreams to come true.

Once the reader is clear on what they want and which Money Messages are holding them back, Robinson dives into section two where she provides insight into and exercises for rewriting Money Messages. These messages relate to all aspects of our lives, even love. She encourages us to be brave and take a leap if we realize we have to do something differently. She then walks us through how to "flip the script" to change our Money Messages.

The final section of the book is the most practical one. Here, now aware of what we want, we learn the tools to determine how to make that happen. With a new understanding of money, we are now ready to make our money work for us. Robinson addresses different investing behaviors and helps us figure out healthy behaviors for moving forward. Important behaviors include purposeful spending and saving and figuring out how to get out of debt. She then discusses various investment strategies, how to create a Plan B if our Plan A does not work, and finally, how to prepare for our golden years, be prepared for any healthcare needs we may have, and maybe even leave a legacy to our children …

New Book Offers Practical Tips for Achieving Financial Security

In Your Money and You: How to Increase Your Chances of Achieving Financial Security, Deborah Ellis, a longtime Certified Financial Planner (CFP), offers readers a plethora of information about stocks, bonds, saving, investing, allocating your investments, and even individual advice for people in different industries. While the book is full of information, it's also written in a highly accessible manner. Ellis shares her personal stories of how she began saving money as a child and young woman, how her aunt taught her how to invest and buy stocks, and how things have changed in the decades since she began saving. Her personal experiences then branch into her professional experiences with clients and with years of investing in the market.

I know investing can be scary and confusing, but that's usually due to a lack of information or the fear that we won't understand the information. As Ellis shows us, investing is really not that difficult. In fact, anyone who passed middle school math classes can figure it out. What is harder is to learn to save and to break some negative beliefs we may have about money so that we can quit solely working for money and learn to make it work for us. The book opens with a quote from Napoleon Hill, author of the classic book Think and Grow Rich, that states, "If you let it, you will be surprised at how money attracts money." Nothing could be truer, and Ellis shows us how it can be true for all of us. She states, "I believe that today the stock market is a gateway to opportunity in America. I believe it is a way for almost anyone from any walk of life to build wealth and partake in the American Dream." Your Money and You shows you just how to pass through that gate.

The book's opening chapters teach us how to take on a leadership role with our money. Ellis helps us learn how to plan for retirement and what to expect. She walks us through the elements of a financial plan. Then she has us take a financial inventory of where we currently are so we know what we have to work with and what is required to reach our goals. She teaches us how to develop a saving and a spending plan, and finally, how to assemble a team to help us, a team that may include an accountant, a financial advisor, maybe a lawyer, etc. We do not hand over our financial affairs to these people, but rather, we learn to lead them so they can help us achieve our goals. Ellis warns us "if one of your team members has different matters, a bias, or wants you to go in a direction you don't agree with, you need to find another team member!" That's just one example of how Ellis tells it like it is. Another example I love and know is very true is that "If you want to charge something you …

The Smart Woman's Guide to Planning for Retirement by Mary Hunt – Personal Finance Book Review

Money maven, Mary Hunt, returns with a new book, "The Smart Woman's Guide to Planning for Retirement," to help women prosper financially in the New Year and beyond. While geared toward females, men can also benefit from Hunt's money knowledge, honed after she amassed over $ 100,000 in debt earlier in life; and took 13 years to erase.

"Have you had a retirement wake-up call?" Hunt asks early in the book. "I can promise you they intensify with age."

Hunt sites a 2012 survey that found that 92 percent of women of all ages do not feel educated enough to reach their retirement savings goals.

Saving for retirement requires determination and hard work; and Hunt believes women can succeed. "If we lack confidence, it's because we lack knowledge and desire, certainly not because we lack intelligence and ability," Hunt says.

Time trumps all factors when saving for retirement. The sooner you start, the better. But, Hunt emphasizes, regardless of what stage you are in life, you must begin now. "It's only too late if you don't start now. No matter where you are or how little you think you have, start now. Today. Start. Saving." Take baby steps to produce long-term results.

Hunt's teachings feature:

Retirement Savings Plan . Hunt promotes a six-step Retirement Savings Plan, which includes:

Build an emergency fund. Also known as a Contingency Fund. Save money for life's unexpected expenses (car repairs, home repairs, etc.) This money needs to be liquid (easily accessible within two or three days), safe from erosion (build in a risk-free savings account) and able to fund at least six months of living expenses should a job loss or other compromised income event occur.

Get out of debt. Eliminate all unsecured debt (credit card debt, student loans, personal loans). Hunt says they're like cancer stealing your future. Incorporate Hunt's Rapid Debt-Repayment Plan (RDRP) to abolish the debt.

Own your home outright . Buy half as much house as your mortgage approval. Make monthly mortgage payments equal to the full approval amount to own your residence in half the time. Fiercely protect your home equity (the difference between your home's market value and mortgage balance). Avoid taking a home equity loan or line of credit, which resets the clock on a thirty-year mortgage.

Consider hiring a financial planner once debt is eradicated or managed, a respectable amount in savings is amassed, retirement funds are growing, or an IRA inheritance or other cash windfall appears.

Hunt describes three types of financial planners:

  1. Commission-based. This planner does not charge based on time, but by selling investment products. He or she earns commissions on those sales.
  2. Fee-based. This planner works on a fixed fee or charges by the hour. Fees are stated up front and the planner is a registered investment advisor (RIA). They're required by law to meet fiduciary standards, making them responsible for putting the best interests of their clients first.
  3. Combo. This planner is a combination of the first two. Clients pay a

Authors: Your Book Is Your Business

Start where you are with what you have. You've heard it hundreds of times. But what does that mean? You've published the book and you got it on up Amazon. Congratulations!

Now what? Now the fun and frenzy begins.

You push people to buy it. You share the link from Amazon. You do "free download" days with the eBook. You run Facebook ads. You blog about it. You send out eblasts. You get creative and do a book trailer and a few blog tours. You write a press release. You pitch yourself to the media. You book yourself on podcasts or run a teleseminar or start podcast all around the subject of the book.

Hoping people buy the book, talk about the book and then have more people BUY the book. Whew!

Book sales are soaring – for at least three months. Then you know what happens after about 90 days?

Nothing.

You're worn out and tired of pushing your book. You stop pushing it and your sales tank. All that hard work and you are now at a stand still.

That's why being an author is not enough. You have to become an authorpreneur. You must have a strategy to turn your book into a business.

You are the expert and the authority on whatever the topic of your book. You should not limit yourself to just being a sales person for a book. You are the CEO of your information product business.

An authorpreneur creates courses, workbooks, audio books, home study courses, lecture series – and even "branded" products like T-shirts, journals, backpacks or phone cases. This is what we call "product line extension."

Think like an entrepreneur – not like an author. Sure, you can go speak and sell books in the back of the room. But you're not leveraging the entire business model of what is possible with a book.

  • You can hold a yearly conference or convention around the subject of your book.
  • You could create a whole sales funnel and launch video / audio lessons for different levels of learning. Think about launching a series for those who are beginning, then intermediate and finally advanced.
  • You could coach individuals and consult with businesses.
  • You could sell your book in bulk to organizations.
  • You could become a paid spokesperson, columnist or a regular contributor to media organization as the expert.
  • You could get sponsors and provide them with content for their blogs.

The opportunities are endless. There are hundreds of products or streams of income you can pull out of your book, but you've got to think like an authorpreneur. It's really about leveraging your resources, expertise and business savvy to get to the next level.

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