The Wealthy Spirit Insider

    Son of Jaws

    Posted on August 31st, 2011 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    243-August 31

    “A pessimist, confronted with two bad choices, chooses both.”—Jewish Proverb

    “Trouble, my friend, you got trouble. That begins with a ‘T’ and that rhymes with ‘P’ and that stands for…prospect,” I thought to myself, paraphrasing the words and music from The Music Man. I watched the prospective client pace in front of me as he ranted and raved about his last bookkeeper. He complained vociferously about what a bad accounting job had been done and told how he had fired the bookkeeper and was looking for a new one. He hoped I would be better.


    Alarm bells were clanging in my head. I asked him what exactly had been done that was so terrible? He showed me a check stub in his company checkbook. In the memo portion, the stub said “Insurance.” The prospect angrily told me that the bookkeeper had posted the check to the company insurance account. I was confused. “Well, it says insurance in the memo portion,” I said. “Why would it say that if it wasn’t insurance?” The man then explained that he had written the check to his employee to get cash, and his bookkeeper should have known that that’s what it was. After all, he had already paid his insurance premiums.

    Since I didn’t have my degree in mind reading, I knew this client and I weren’t going to get along well. I told him I didn’t think I would be able to do a better job for him than the last bookkeeper did and left.
    When I operated from a position of scarcity, I used to work with people like this. I sat with one new client while he showed me all the money he owed to people. He then gave me instructions to pay small amounts to some of them, and for others, he just said, “I’m never going to pay them.” But I actually sat there thinking he was going to pay me for the work I was doing for him. That little life lesson cost me $800. Wish I could say that was the only one, but apparently it was a lesson I had to repeat a few times before I got it.

    Sometimes, the ship that comes in is the Black Ship, and the captain has a big “T” for trouble written on his cap, along with the skull and crossbones. You can see it very plainly if you look closely. See the red flag go up, hear the “Do, do, do, do” music from Jaws and get out of the water. Sink those ships in the harbor that have bad clients in it. Otherwise, you’re going to end up a tuna sandwich.

    Today’s Affirmation: “All the people I work with are easy-going, honest, and fun!”

    Oprah used to say, “When people show you who they are – believe them.”

    There’s a wonderful story from an old Ann Landers column that I saved:

    A young girl was trudging along a mountain path, trying to reach her grandmother’s house. It was bitter cold, and the wind cut like a knife. When she was within sight of her destination, she heard a ruslte at her feet.

    Looking down, she saw a snake. Before she could move, the snake spoke to her. He said, “I am about to die. It is too cold for me up here, and I am freezing. There is not food in these mountains, and I am starving. Please put me under your coat and take me with you.”

    “No,” replied the girl. “I know your kind. You are a rattlesnake. If I pick you up, you will bite me, and you bit is poisonous.”

    “No, no” said the snake. “If you help me, You will be my best friend. I will treat you differently.”

    The little girl sat down on a rock for a moment to ret and think things over. She looked at the beautiful markings on the snake and had to admit that it was the most beautiful snake she had ever seen.

    Suddenly, she said, “I believe you. I will save you. All living things deserve to be treated with kindness.”
    Oprah used to say, “When people show you who they are – believe them.”

    There’s a wonderful story from an old Ann Landers column that I saved:

    A young girl was trudging along a mountain path, trying to reach her grandmother’s house. It was bitter cold, and the wind cut like a knife. When she was within sight of her destination, she heard a ruslte at her feet.

    Looking down, she saw a snake. Before she could move, the snake spoke to her. He said, “I am about to die. It is too cold for me up here, and I am freezing. There is not food in these mountains, and I am starving. Please put me under your coat and take me with you.”

    “No,” replied the girl. “I know your kind. You are a rattlesnake. If I pick you up, you will bite me, and you bit is poisonous.”

    “No, no” said the snake. “If you help me, You will be my best friend. I will treat you differently.”

    The little girl sat down on a rock for a moment to ret and think things over. She looked at the beautiful markings on the snake and had to admit that it was the most beautiful snake she had ever seen.

    Suddenly, she said, “I believe you. I will save you. All living things deserve to be treated with kindness.”

    The little girl reached over, put the snake gently under her coat and proceeded toward her grandmother’s house. Within a moment, she felt a sharp pain in her side. The snake had bitten her.

    “How could you do this to me?” she cried. “You promised that you would not bite me if I would protect you from the bitter cold.”

    The snake hissed, “You knew what I was when you picked me up,” and slithered away.

    Integrity

    Posted on August 30th, 2011 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    242-August 30

    “The art of acceptance is the art of making someone who has just done you a small favor wish that he might have done you a greater one.”—Russell Lynes

    It is a universal principle of money that whatever money you obtain dishonestly, by lying, cheating, swindling, or in any way taking money that isn’t rightfully yours, will be taken back from you tenfold. At least. The reverse is also true. Whatever money you gain by serving others with love and joy, will be given back to you tenfold. Wealth, riches, joy and abundance, pressed down, overflowing.


    It doesn’t always appear that this is so. Resentful people are often fond of pointing out rich people with ill-gotten gains that seem to have come from deceptive practices, exploitation, or out-and-out thievery. It won’t serve you to think like that. The belief that someone else has become rich through exploiting others will only keep you from attempting to make your own fortune for fear of becoming a bad person. You can’t be worried about what other people are doing about their integrity. Just worry about your own. As you start to see your positive efforts from a center of personal integrity produce financial rewards, and whatever cheating you do result in a reduction in your wealth, you will see that financial integrity is one of your most important assets.

    (Continued on page 242 of The Wealthy Spirit)

    Today’s Affirmation: “All my friends are successful and happily making large sums of money!”

    When you have integrity, sometimes you’re going to get yourself in trouble.

    Since I’m a recognized self-help author with a following, I am often approached by other speaker/author/seminar leaders who would like me to give them a testimonial or “blurb” for their book. I’m happy to help them, not only because I just feel good helping others (I am in a “helping profession” after all) but also because I so appreciated the generosity of the people who read my book and gave me a testimonial.

    But what do I do when I agree to read their book and then when I do, I don’t like it or something about it offends me or they take a philosophical position that I don’t agree with? Do I give them a testimonial anyway to keep them happy and avoid an awkward conversation? It’s tempting because my inner people-pleaser Tuna self wants to make everybody happy. But I know I can’t because my first responsibility is to tell the truth and my second is to my readers who rely on me to tell the truth.

    Several years ago, I agreed to blurb a book from a man who came highly recommended from some impeccable sources, and also said that I would help promote it. Then he sent me the book and when I read it I was horrified. He offered up several pieces of advice to get ahead by gaming the system or actually out-and-out lie to others in order to get your way. He bragged about having won a sporting competition by dehydrating himself for the weigh-in so he’d be put in a class with smaller men and could overpower them.

    Well, there was no way I could recommend that, and I told him so in no uncertain terms. He tried to wiggle around it and said his publisher and PR person said he needed to create controversy for marketing purposes. Yeah, I said, so now you’re telling me you compromised your ethics in order to sell books? No thanks.

    More recently, a well-respected woman in business asked me to help promote her book and I eagerly looked forward to getting my copy. When I received it, it was 44 pages (but that was counting the cover of the book, testimonials, title page, etc. so it was really only 37 pages) and in the epilogue she explained that this was the first four chapters in what will be a longer book. Nothing in our conversation or in her advertising suggested that this “book” was a sneak preview and not a complete book.

    I told her that I liked her writing and philosophy, but I would need to wait to promote her until the complete work was ready. She didn’t understand my reluctance and said her little book had been nominated for three book awards!

    How could that be? Am I crazy to have standards? You know, sometimes you start to doubt yourself. So when I had my my inner circle of Dolphins over for our monthly Money Mastery Network meeting, I showed them the book and asked what they’d think if they received it and found out at the end that it was just the first four chapters of a book. 100% of them said they’d feel ripped off.
    My friend and fabulous life coach Rhonda Britten says, “If you don’t have a ‘no’, your ‘yes’ means nothing.” That’s so true.

    I have a “no”. Just so you know.

    Penny Wise, Pound Foolish

    Posted on August 29th, 2011 in The Wealthy Spirit by chellie

    Herculaneum

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    241-August 29

    “It was said of old Sarah, Duchess of Marlborough, that she never put dots over her ‘i’s to save ink.”—Horace Walpole

    One of my dream vacations was to go on a Mediterranean cruise. I had always had an interest in archaeology, having read about Howard Carter’s discovery of King Tut’s tomb and Henreich Schliemann’s excavation of Troy. (I even thought seriously about pursuing it as a career until I realized that these men spent a lot of years digging in the dirt without finding anything before their major discoveries. I really just wanted to show up on the day they hit pay dirt and see all the golden treasure.) But I yearned to walk through the ruins of the Roman city of Pompeii, buried by volcanic ash in 79 A.D. I wanted to tour the Vatican, climb the hill to the Acropolis in Athens, and roam the sandy beaches of the Greek Islands. I had been doing my friend Paris’ affirmation—“I now receive free first class travel and accommodations all around the world”—when I received an inheritance that completely paid for the trip.

    The trip was everything I had hoped for and more. The ship was terrific, the company delightful, I won a jackpot in a slot machine in Monte Carlo (if this surprises you, you haven’t been paying attention to all I’ve been saying in this book), our room was beautiful, the food was delicious and the sea was so flat no one got seasick.

    At each port, we were in a different country with different currency, and we had to visit the currency exchange dealers when we disembarked in order to have cash to spend that day. It made me laugh to see several of the passengers run from exchange dealer to exchange dealer, looking for the best exchange rate for their money. I’m sure they thought they were being careful with their money, but to me they were wasting the only time they had to be visiting this exotic locale in trying to pinch pennies! The trip cost $3,000—what’s another dollar or two in exchange rate savings? When we visited the palace at Monaco, the tour guide told us we needed to give a franc (about twenty-five cents) to the restroom attendant when we visited the facilities. I saw a woman who only had a dollar bill trying desperately to find someone to give her change so she didn’t have to give the whole dollar to the attendant.

    Lighten up. Share the wealth. We’re not talking big money here. You’re on vacation—the goal isn’t to come back with money saved, it’s to have a great time experiencing new places. Keep in mind the relative values at all times. Give up spending ten dollars on gas and an hour of your time driving from supermarket to supermarket to save ten cents on a box of cereal.

    Don’t blow dollars saving pennies.

    Today’s Affirmation: “I am an expert at spending money wisely.”

    have a great online group of dolphins in my Dolphin Club. (The Dolphin Club is an exclusive club for wonderful dolphins everywhere who believe in the principles of The Wealthy Spirit and the Financial Stress Reduction® Workshops. For information, click here: http://www.chellie.com/member_benefits.html )

    All dolphins have access to me through our Forums and private Facebook group. A recent question from a psychotherapist addresses a universal problem for business owners:

    “My goal when taking Chellie’s course was to ditch all insurance companies and go entirely private pay. Over the last few months I have achieved my goal — in fact, for about three months I was almost doubling my income without taking insurance clients.

    “So far so good, right? Well, over the past few weeks I had a bunch of private pay clients leave counseling for one reason or another (mostly moving out of town), and all of a sudden business had plummeted and I’m having a bit of a freak out. I don’t want to go back to taking insurance, but I’m fearful of not being able to pay my bills. I know it’s possible because it was HAPPENING — any advice about what to do? (Besides freaking out, of course!). Thanks in advance for your encouraging words :-)

    P.S. Yes, I’m still saying my affirmations every day!”

    My response is this:

    Freaking out is a natural response to change when it appears negative. Actually, the up and down swings in business are just a manifestation of the standard deviation. Meaning that if you flip a coin 100 times it will land heads 50% of the time and tails the other 50%.

    But you can flip 20 times in a row and always land heads – it doesn’t mean anything. It isn’t because you did an affirmation before flipping, or you used a different thumb action, or Mercury is in Retrograde. It’s just the standard deviation.

    The important thing in managing the standard deviation in business is to always be sending out your ships – even in good times, when you have all the business you need. What usually happens is that when we have a full practice, we stop sending ships because we’re filled up and we don’t need them now.

    But stuff always happens, there’s a natural attrition, some clients always leave. We have to remember the old sales adage “A-B-C” “Always Be Closing. You always need to be working to fill the pipeline with new prospects. If you built your practice up with private pay once, you can do it again. Your skill hasn’t changed and the marketplace hasn’t changed either. Being in business for yourself means consistently sending out ships so that one day your ship will come in. Going back to insurance pays might be easier, but then the pay is less, eh? Just like getting a job. The lesser pay you earn represents the fee you pay to the entity that does the marketing and selling so you don’t have to. The upside is greater if you own your own business, but the price you pay is that you have to do the marketing and selling.

    Pick your poison.

    Save Your Singles

    Posted on August 28th, 2011 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    240-August 28

    “Penny and penny, laid up will be many.”—Anonymous

    Many people have saved extra money just by saving their loose change at the end of the day. Over time, all that change mounts up and can added to savings accounts, vacation spending, holiday gifts, etc.
    Suzanne Miller, who creates wonderful designer jewelry, started saving dollar bills instead of change. At the end of each day, she just took all the singles out of her wallet and put them away in a cookie jar in her closet. It became a habit, and she never missed the money.

    Her business was booming. She hired people to help her and added more jewels and precious stones to her inventory. Much of her income was invested in expanding her business. The holidays were approaching and she wanted to travel to see family and take a vacation. Remembering her singles savings, she looked to see if there was enough to help with her plans.

    This is what she was able to do with the money she found in her closet:

    1. She bought a round trip ticket to Tucson from Los Angeles.

    2. She bought a round trip ticket to Seattle from Los Angeles.

    3. She put a 50% deposit on a vacation package to Jamaica.

    Just from saving singles at the end of the day!

    Today’s Affirmation: “All the money in my possession increases every day!”

    My sister Jane and her husband Dick (yes, Dick and Jane hee) were looking forward to their 2-week trip to the East Coast, planning sight-seeing, athletic contests, theatre, and a long drive up the coast from New York to Maine. They left Los Angeles on Thursday, landing in New York in the evening.

    Just in time for Hurricane Irene.

    Jane texted the family, alerting us to the news that everything in New York was closed: “Hi, guys! Subways, museums, shops, theaters all to be closed for the weekend! No athletic events either. We are safe in Manhattan. Bought deck of cards and jigsaw puzzle. Hotel has cafes and bars. We’ll keep you posted!”

    I wrote her back that at least she was having a new experience – living all her life in California, she had never been through a hurricane.

    Her daughter Marissa later posted this picture she received from them:

    “Keeping calm before the storm!”

    I wonder if this drink is a “Manhattan” or a “Hurricane”?

    Retirement Planning

    Posted on August 27th, 2011 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    239-August 27

    “It isn’t necessary to be rich and famous to be happy. It’s only necessary to be rich.”—Alan Alda

    She was fifty-five years old and worked on an assembly line for a major corporation. It was time to retire, she told Dianne, the certified financial planner. Other people she knew didn’t have much money and were retiring, and she felt she should, too.

    “How much money do you have in your 401K plan?” the financial planner asked.

    “Around $20,000,” she replied.

    “And do you have additional savings?”

    “No.”

    “Investments in real estate?”

    “No.”

    “Alimony? Expectation of inheritance? Other sources of income?”

    “No.”

    The financial planner shook her head sadly, and explained that $20,000 wasn’t going to be enough money to allow her to retire.

    When Dianne told me this story, she told me how frustrated she felt when people didn’t understand, until too late, just how important it was to have a financial plan for the future. Even if you save money on a regular basis, that doesn’t mean that you’ll have enough to live in a castle on a hilltop in Europe when you decide to retire. Another client, who had a million dollars saved for retirement, thought he was going to be able to spend $20,000 a month. Spending $240,000 per year would eat up a million dollars rather quickly.

    You have to have a budget worked out for tomorrow just like you have to have a budget worked out for today. Money doesn’t magically appear just because you turned fifty-five or sixty-five. Furthermore, you can’t assume that just because you save money on a regular basis that you are saving enough to allow you to live without working. You have to do the math.

    (Continued on page 239 of The Wealthy Spirit)

    How much money can you reasonably expect to save each year? How much money will your investments likely produce in interest income? How many years do you have in which to accumulate savings until your projected retirement date? What kind of lifestyle do you want to maintain when you are retired? Will you work part-time? Will you need less money than you do now because you won’t have work related-expenses such as the cost of commuting, networking, business attired, etc.? What amount of social security will you receive in addition to your personal savings?

    You probably need help with these questions. Make an appointment with a financial planner. Get some help figuring out your retirement needs. Get a plan together, then take the actions that are on the plan every month. Over time, you will accumulate assets, money, retirement funds.

    Or be willing to keep on working.

    Today’s Affirmation: “I accumulate wealth daily for my abundant future!”

    A great friend and fellow WRS (www.worthwhilereferralsources.com) member, Financial Planner Marc Weiss sent me this very informative article about Social Security. As my senior years approach, I have to decide when to start collecting my benefits. My CPA, Barbara Barschak, advises to start collecting money as soon as you are eligible for some…but we all want to collect as much as we can, eh? Start earlier and collect a lesser amount over a longer period of time, or wait and collect a larger amount over a possibly shorter period of time – that is the question.

    I did the math. It really all depends on how long you expect to live…gulp. If I live to 80, I collect the most if I start collecting at 66. If I live to 90, I collect the most if I start at 70. My dad is nearly 92 and still going strong, but mom passed away at 67 – the average of their two ages is 80.

    This is just like playing poker – making value-based decisions based on incomplete information. In other words, it’s a gamble!

    WHAT YOU NEED TO KNOW ABOUT MAXIMIZING YOUR RETIREMENT INCOME
    By Marc H. Weiss
    Archer Weiss Insurance & Financial Services, Inc.
    http://archerweiss.com/retire-safe-and-tax-free.cfm
    Baby Boomers in particular want to know whether Social Security will be there for them and how much they can expect to receive. Most Baby Boomers do not know when they should apply for their Social Security benefits and how to maximize that benefit. Most importantly, many Baby Boomers are concerned that their Social Security benefit will not be enough for them to live on during their retirement.

    Before strategies can be discussed, it is crucial to understand the value of Social Security and what it can mean for you. Social Security basically offers a stream of income that you cannot outlive and it offers annual inflation adjustments, familiarly known as COLAs. For example, if your monthly Social Security income today is $2,000 and the annual COLAs are 2.8%, in 20 years your monthly Social Security benefit will be $3,474.

    Besides the monthly benefit you may be entitled to based on your own work records, Social Security also offers survivor benefits. To illustrate, if a married woman receiving a monthly benefit of $2,000 dies, her surviving husband, who only had a monthly benefit of $1,200, can now step up and begin receiving his deceased wife’s $2,000 monthly benefit rather than his own.

    WILL BENEFITS BE AVAILABLE WHEN I NEED THEM?
    A growing concern in the forefront of most Baby Boomers’ minds is whether or not Social Security will be there for them to collect when they need it. With so many Americans approaching or beginning their retirement years, the concern is based on the fact that not enough money is being paid into the Social Security trust fund. In response to this concern, reform proposals are currently being studied to arrive at a solution to this potential disaster.

    To restore solvency to the Social Security system, there is talk about increasing the “normal” retirement age, which is currently 66, and lowering the Social Security benefit for future retirees. Reducing the COLAs is also something to consider as well as increasing the maximum earnings that are subject to Social Security taxation, currently $106,800. That said, Baby Boomers are not likely to be impacted by Social Security reforms as they would not likely be applied retroactively.

    HOW MUCH WILL I GET?
    The amount of Social Security each Baby Boomer is entitled to depends upon their individual earnings over their respective working careers. Your monthly benefit will also be affected by the age at which you choose to apply for your benefits. Social Security is calculated by looking at your highest 35 years of earnings. Any “missing” years count as zeros. Your earnings are then indexed for inflation and averaged, referred to as AIME. A formula is applied to your AIME to calculate your individual primary insurance amount (your PIA). The PIA is the amount that you will receive at your full retirement age, which is 66 for Baby Boomers. Your monthly benefit is then increased each year based on COLAs. Of course, if you apply for your Social Security benefits early, your monthly benefit will be lower. If you chose to apply for your Social Security benefits after your full retirement age, then you will earn delayed credits. For example, if you choose to apply at age 66 and your PIA is $2,230, your will receive 100% of that PIA benefit. If you wait to apply until your turn 70 (assuming the same $2,230 PIA) you will receive 132% of your PIA benefit without factoring in any COLAs.

    SPOUSAL BENEFITS
    There are rules regarding Social Security spousal benefits that some Baby Boomers may not be aware of. A spouse will receive the higher of his or her own benefit or their spousal benefit. The spousal benefit is ½ of the higher earning spouse’s benefit. To claim the spousal benefit, however, the higher earning spouse must have applied for his or her benefits and the lower earning spouse must be at least 62 years old for a reduced benefit or 66 to receive a full benefit. There are no delayed credits on spousal benefits after age 66. To illustrate, if Harry’s benefit is $2,000 and Callista’s benefit is $800, Callista’s spousal benefit is $1,000 so she can receive her spousal benefit rather than her own because it is higher than her individual benefit.

    WHEN IS THE BEST TIME FOR ME TO APPLY?
    There is no catchall “best” age for Baby Boomers to apply for Social Security benefits because this will vary based on individual circumstances. Some factors to consider are your individual health status, your life expectancy based on that health status, your need for income during your retirement, whether or not you intend to work during your retirement years and whether or not there are or you anticipate any survivor needs. The most obvious perk of delaying your benefit is that you will have an opportunity to collect more money. If you apply early, your benefit not only starts lower but it will stay lower for the rest of your life, it does not increase when you turn 66. Remember, COLAs will increase your benefit and the longer you expect to live, the more beneficial it is for you to delay your Social Security benefits. Also keep in mind that your decision will impact survivor benefits so it is an important consideration in planning your strategy as a delay will increase survivor benefits as well.

    WILL MY SOCIAL SECURITY BENEFIT BE ENOUGH FOR ME TO LIVE ON?
    The real challenge is in determining whether or not your anticipated Social Security income stream will be enough for you. If you are still able to work, you can maximize your benefits by improving your earnings record. If you are unsure what to expect, take a look at your last Social Security statement and see what your estimated benefit is, whether it is accurate, if there any years missing and whether you will be able to improve that benefit by working longer and delaying retirement. If you are married, be sure to coordinate spousal benefits so that both you and your spouse can maximize your collective benefits. There is also a “file and suspend” strategy that you and your spouse may elect to implement. At full retirement age, a higher earning spouse can apply for Social Security benefits and later ask that the claim be suspended. The lower earning spouse in the meantime applies for a spousal benefit. The higher earning spouse then re-claims the benefit at age 70. This creates an opportunity for a lower earning spouse to receive higher benefits while the higher earning spouse continues to earn delayed credits, thereby increasing the higher earning spouse’s benefit after it is “switched” back on at age 70.

    The precise application language for this strategy is to say that the higher earning spouse is “restricting” his or her application to his or her spousal benefit. Also, only one spouse may do this, both spouses are not permitted to use a spousal benefit on each other. Beware that you cannot implement a file and suspend strategy before full retirement age!

    MINIMIZE THE TAXATION OF YOUR BENEFIT
    Social Security benefits are not tax free. There are ways to minimize taxation of your benefits such as reducing other income with tax advantaged investments. It is important to emphasize that municipal bonds will not result in minimizing taxes on Social Security benefits, other tax advantaged investments must be used to help reduce other income. If you have an IRA, you need to take into consideration your RMDs and how they may increase your tax bracket.

    KEY POINTS TO KEEP IN MIND
    When you are deciding when you should begin your Social Security benefit based on your personal circumstance, there are some important things to keep in mind. When you are developing your overall retirement income plan, you should consider your life expectancy/health, projected income needs, whether or not you plan to work and survivor needs.

    If you apply for your Social Security benefit early, your benefit will not only start lower but it will stay lower for the rest of your life. Contrary to a myth circulating out there, your Social Security benefit does not go up when you reach age 66. COLAs will magnify the impact of your early or delayed retirement and the longer you expect to live, the more beneficial it is to delay your benefits. If married, you need to coordinate your spousal benefits to maximize your benefits.

    Your decision to start your Social Security benefit impacts survivor benefits as well and delaying your own benefits may give survivors more income. If you do not think your Social Security benefits will be enough to live on, consider other strategies that you may need to explore to supplement your projected benefit.

    A spousal planning analysis can help you and your spouse determine which of the various Social Security strategies may work best for you in your particular circumstance. Your overall retirement income plan should take into consideration Social Security in the context of pensions, IRAs and 401(k)s, your investment portfolio and work related issues to maximize your retirement income. Let us help you protect your nest egg and maximize your retirement income!

    The Lessons of The Richest Man in Babylon

    Posted on August 26th, 2011 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    238-August 26

    “Albert Einstein, when asked what he considered the most powerful force in the Universe, answered: ‘Compound interest!’”—Mignon McLaughlin

    George Clason wrote a wonderful little book entitled The Richest Man in Babylon. It is the story of a group of trades people in ancient times in the city of Babylon. The butcher, the blacksmith, the shopkeeper, and others are talking together about money. They marvel how one of them became the richest man in town, when he started out as just the potter down the street from them. How did he do it? they wonder. They are all still struggling day to day to get by. They decide that they will all go together to ask him to share with them the secret of becoming wealthy.

    The richest man smiles when he hears their request. “A part of all you earn is yours to keep,” he says. That is the magic formula he imparts to his old friends. Out of every portion you are paid, reserve 10 percent for yourself. This money you never spend, but invest and get the money working for you. The money will multiply itself through wise investing, and work for you even when you are not working.
    His formula for budgeting was also simple: Save 10 percent for investments, use 20 percent to pay off debts, and the other 70 percent is for living expenses. Once all debts are paid in full, you have 90 percent for living expenses.

    These simple lessons still work well today. Save 10 percent of your income in retirement accounts—see a financial planner or investment advisor to set up a plan of action for you now. Make a list of all your debts and devote yourself to a “PDQ” program—20 percent of your income until all debts are paid in full. The rest is yours to play with, to create your home and lifestyle.

    Who knows? You could be the next Millionaire Next Door or Millionairess Across the Street.

    Today’s Affirmation: “I work smart, I work easy, and I work rich.”

    There’s so much to know these days – in order to market your business on the internet, you have to have more than a website and a newsletter. You have to know Social Media – how to use Facebook, Twitter, LinkedIn, Google+, and every other group ad infinitum. When you master teleclasses, then they want you to learn and invest in webinars, then video marketing, then video conferencing. It all takes some much time, money, and brain space!

    So yesterday, I posted this on Facebook:

    “Just had a friend explain to me how to create a Facebook URL, only to discover that I already did that. There’s so much to know and remember these days that I forget to remember what I know. Sigh. Anyone else have that problem??”

    I must have hit a nerve, because dozens of people chimed in to share. Here’s a sampling:

    “Me, I’m always thinking of the hereafter. I’ll be in the office and I’ll go to the kitchen and think…….what am I here after?”

    “OMG – I can relate…you have no idea! ;) And to take the time to re-read what I now know so I can better remember it…sigh. Good thing life is full of wonderful surprises so we can keep cramming more stuff into our “remember this” buffet.”

    “I think I have that problem, but I can’t remember…”

    “You have no idea how good your post made me feel. I go crazy everyday with this social media networking.”

    Sometimes it just feels so good to have company in your whining and know you’re not alone!

    Making Money While You Sleep

    Posted on August 25th, 2011 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    237-August 25

    “Each of us has the choice—we must make money work for us, or we must work for money.”—Conrad Leslie

    A doctor and his wife who had heard me speak flew me to Oklahoma to speak to their staff on customer service. It was a nice group of about fifteen people, and we had a great meeting over dinner as I coached them on Office Etiquette.

    After dinner, Dr. John, his wife, Mary, and I sat quietly discussing money and business. He told me that one night, he was lying awake in bed and thought, “I make a lot of money working as a cosmetic surgeon, but if I don’t show up for work, I don’t make anything. My money is totally dependent on my working hours.” He turned to me and said, “But I want to make money while I’m sleeping! I want to make money whether I show up for work or not.”

    So he bought an oil well. And that oil well is pumping oil twenty-four hours a day, making him money, whether or not he works. This is called “passive income.”

    How can you make money while you’re sleeping? Can you invent a product that stores can sell and people can buy whether or not you’re there? Can you receive a commission on sales that other people make? Years ago, I appeared in a Dove soap television commercial. Although I only worked one day filming the commercial, it was shown on television across the country for two years—and I made money every time it aired. A woman I knew made up a creative company name, registered it as a trademark, and another company paid her an annual licensing fee to use it. When you invest in a growing company that prospers and pays you dividends—that’s making money while you sleep.

    If you set up enough passive income, your only job will be managing it. And you can phone that in from Tahiti!

    Today’s Affirmation: “Every day when I wake up in the morning, I’m richer than I was when I went to sleep!”

    With all the rumblings of the economy today, it’s critically important that all Dolphins who believe in the power of positive thinking stay focused on prosperity and happiness now more than ever.

    One of the daily messages that helps remind me of all the good in the world is from Mike Dooley at www.tut.com. Here’s one of the recent messages that put a smile on my face:

    Quickie Happiness Workshop for Increasing Profits at Times of Seeming Peril:

    Think as much, if not more, about growing your income as you do of trimming your expenses.

    And for extra credit, Chellie, focus on customers more than vendors; smiles more than frowns; possibilities more than risks; options more than commitments; vacations more than overtime; detours more than setbacks; opportunities more than obstacles; and Goldilocks more than the bears.

    End of Workshop –
    The Universe

    The Real Black Limo

    Posted on August 24th, 2011 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    236-August 24

    “Chance is always powerful. Let your hook be always cast; in the pool where you least expect it, there will be fish.”—Ovid

    The Black Limo Fantasy actually came true for me once. A friend of my sister’s worked for a market research company, and was looking for women to test Dove soap. My sister, Jane, called me one afternoon to invite me down to their office for an interview, so, on a lark, I went. A friendly woman interviewed us, one by one, on videotape.

    A week later, I got a call from the marketing company telling me that they had selected a group of women to do a seven-day trial use of the soap and inviting me to participate. I had them send me the sample bar of soap. You know what? I really liked it! “It’s one-quarter cleansing cream” and it made my skin feel really soft. So it was easy for me to praise the soap when I went back in for my follow-up interview.

    I knew that the makers of Dove used “real people” as opposed to professional actors in their commercials. I wondered if this was an audition in disguise? When I got there, I could tell that it was: I saw several people behind a camera in a small room, and others in another room with see-through glass walls. The lighting was professional and there was an excitement and energy in the room. I said every good thing I could think of to say about the soap and they all smiled and beamed at me. Ten years after giving up my acting career I was actually about to get a national commercial. Of all the fleet of ships I had launched during my acting days, most of which had sunk or sailed into someone else’s harbor, this one staunch, lone survivor was about to sail home.

    They hired me! They called and asked me if I’d like to go to New York to film a television commercial and I said, “You betcha!” They flew me to New York, put me up at the Grand Hyatt Hotel, and gave me a check for $1,000 for expenses while I was there. I was getting paid standard Screen Actors Guild rates (there was a moment’s hesitation when they discovered I already belonged to SAG—maybe I wasn’t a real person after all—but since I hadn’t done anything in so long, they said it was okay). Over the next two years, I made about $15,000. Residuals are glorious: You work a couple of days and get paid for it over and over and over. Checks just keep showing up in your mailbox—truly “Magic Money.”

    But for me, the best part was waiting for me at New York’s JFK airport: The “Real Black Limo” had arrived to whisk me away.

    Good energy is never completely lost. Whenever you reach out to accomplish something, that positive energy will manifest somewhere, sometime, in unexpected ways. You still have some hardy little ships clinging to the waves out there. Check the horizon.

    Today’s Affirmation: “All my ships are sailing into my harbor loaded with treasure for me!”

    This morning’s news included a notice that Paul McCartney has finally gotten a record deal with Decca for his new ballet composition “Ocean’s Kingdom” which will have its world premieres at the New York City Ballet on September 22nd. This deal has been struck nearly 50 years after they famously rejected the Beatles for their record label in what has been called one of the music industry’s biggest blunders.

    Decca famously snubbed the Fab Four early in 1962, reportedly saying at the time that “guitar groups are on the way out” and “the Beatles have no future in show business.” So EMI signed them and the rest was history.

    Don’t you love it?

    I have a book called “Rotten Reviews and Rejections” which is a compendium of rejection notices for books that later became famous and revered. It really helped me when I was trying to get a publisher for “The Wealthy Spirit” and getting a lot of rejections, largely because it was felt that a page-a-day book about money wouldn’t work. It hadn’t been done before. It’s funny now, because the thing most readers like about the book is that it’s a daily positive message about money that keeps them on track on a daily basis.

    So thanks again, Sourcebooks, for being my publisher and help spread “The Wealthy Spirit” word all over the world!

    Fantasies

    Posted on August 23rd, 2011 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    235-August 23

    “Turning it over in your mind won’t plow the field.”—Irish Proverb

    In response to fans’ complaints about plot developments on the television show La Femme Nikita, the producer said, “They should get a life.” The fans swarmed like angry bees on the Internet web sites devoted to the series, in response to his statement. I chuckled over the following message board post:

    Fan #1: “This girl will get a life when she’s darn good and ready to!”

    Fan #2: “Life? We don’t need no stinkin’ life!”

    Fan #3: “I have a life. What I want is a good fantasy!”

    Fantasies are fun. We all indulge in them. Sometimes we turn our fantasies into goals and our goals into reality through planning and action. But all achievements begin through the dream—the delicious vision of a possible reality; something we imagine will be fun, exciting, thrilling, surprising, swooning, ecstatic.

    Theater, movies, television, and books give us vicarious thrills of exciting adventures we may never actualize in our real lives. Perhaps we will never really be a spy, never hold a gun (let alone shoot one), never be super-model gorgeous, never wear a fabled diamond necklace, never fly a plane, never cut our way through the Amazon jungle. But we can hitch a ride on someone else’s dream: Our bodies and minds can ride an emotional roller coaster for an hour or two, and experience much the same feelings we would if we were actually having the experience. I celebrate living in this rich world where these things are possible. I thank the dream merchants who invite me to enter their worlds and forget reality for a time. Through them I live many lifetimes beyond my own.

    But fantasies of a fire will not keep us warm and fantasies of rich food will not feed us. Enjoying other people’s dreams will not give us what we seek in real life. From the dream-time we must pluck out those things that we feel most strongly about and actualize them. When we work for someone else we are helping them to actualize their dream. It takes less attention, focus, and energy to assist someone else than to carve your own dream on the mountain.

    But then don’t complain that it’s not your face on Mount Rushmore.

    Today’s Affirmation: “My dreams become goals and my goals become reality!”

    When fantasties become realities and dreams come true, it is such an exciting, emotional experience that it’s fun to even watch it happen to someone else.

    I’ve been watching “The Glee Project” on Oxygen, as the writers and producers of the hit TV show “Glee”, led by Ryan Murphy, search for young new musical stars for parts on their continuing series about high school misfits. The winner will be written into the show in a 7-episode guest-starring role. It has been a wonderful series, filled with drama, great singing, emotional highs and lows, but most of all, great heart and lots of soul.

    I fell in love with the show almost immediately when I happened across an early episode when I was channel surfing. The casting director, Robert Ulrich, and his team were holding auditions and looking at videos of aspiring singer/actors from across the country. Robert cared so much about these young performers that he watched some of their videos dozens of times, and he was always so kind and loving towards each of them. I loved watching him because he loved what he was doing so much.

    In typical reality show contest format, one contestant was voted off each week by Ryan Murphy and his team (including musical director Nikki Anders, and choreographer Zack Woodlee) after the bottom three gave a last chance performance. All were given compliments on what they did that was good, and tips for improvement. It felt almost like you were watching acting classes at Juilliard where the good of the students was the highest priority; that is was a learning environment and the teachers were dedicated to helping exceptional students grow and improve. There was virtually nothing catty, or rude, or humiliating, or demeaning about anything in this show. What a relief! What a pleasure!

    And in keeping with the heart and soul of the show thus established, the finale was spectacular. I loved all 12 of the performers who made the cut from 40,000 and were part of the show each week. The final four who competed on the finale were all adorable and extremely talented: beautiful leading ingenue Lindsay Pearce with the gorgeous voice, huggable Alex singing big songs in cross-gender styles, Irish cutie Damien McGinty who might not have had the best voice but certainly the most charm, and Samuel Larsen, handsome in dreadlocks, whose smoldering passion illuminated every song.

    Who would win?

    They all sang their hearts out to standing ovations from the cast of “Glee” who had made guest appearances as mentors throughout the series and the previously eliminated eight participants who were brought back for the finale. Lindsay was thanked and told she did not win, as was Alex.

    Damien and Samuel stood alone in the spotlight. Both were praised for their talent, dedication, and spirit. Then Ryan Murphy said to Samuel, “You are the winner of ‘The Glee Project’” and the cheers and tears erupted in the room as this young man’s dream came true.

    After a pause, Ryan turned to Damien saying, “And Damien, you, too, are the winner of ‘The Glee Project’!” and the room went crazy with everyone jumping up and down and screaming! When things calmed a little bit, he said, “And Lindsay and Alex, you two are so special you’re going to get something too – you will both receive a 2-episode arc in “Glee” written especially for you” and pandemonium erupted again.

    Ah, winning all around!! Four winners, not just one – fabulous!! I loved it. A fitting, triumphal end to a wonderful show. But then, it isn’t over, because I can’t wait to see these kids in their parts on the next season of “Glee”…

    Creating Your Life

    Posted on August 22nd, 2011 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    234-August 22

    “Man cannot discover new oceans unless he has the courage to lose sight of the shore.”—Andre Gide

    No one who has ever written a story, painted a picture or improvised music will tell you that it came out exactly as envisioned before the moment of creation. Our lives are like paintings that take on a different energy with a single unplanned brush stroke; colors merge and blend, the eyes see form beneath the paint, the arm arcs with power, and a surprising new line is drawn. Novelists speak of their characters as having a life of their own; they whisper to them in dreams in the night, and the plot flows through fingers in tune with a metaphysical channel of energy. Music flows from rhythm and beat; whirling notes cascading from mouths, fingers, horns, and strings. It is the gift of being in what psychologist Mihaly Csikszentmihalyi terms “flow,” in touch with being; what athletes, artists, salespeople, teachers, all who have experienced being completely focused in a moment of creation know as being in “The Zone.”
    Buddha by Gayle Etcheverry

    Our lives are like that. We tune and strengthen our instrument, we gather our paints and canvases, we read and write and perfect our gift of language, and set out upon the road of the world. We cannot see what is around the bend, what lies beyond the next hill, what notes will carry gaily on the air, what musicians will travel in our band. But we have goals, wishes, wants, dreams, plans. We create in our minds what we’d like to see up ahead, and set out in search of the prize. And we always get a prize—just not always the one we were expecting.

    That you set a goal and get something different does not negate the goal setting process. Indeed, without a goal to set your life in motion, you wander aimlessly, a pawn to be used for other people’s goals. Without a goal, there is no action; without action, there are no accomplishments.

    Prizes don’t drop in on you unannounced, while you sip your morning coffee in your bathrobe.

    Today’s Affirmation: “I have what it takes to go out and get what I want!”

    You just never know when a big ship is going to come in. You market and advertise, blog, tweet, post on Facebook, your web site, emails, newsletters, etc. and then one day, AOL News calls and says they want to do an article with a positive slant on the financial situation. They came to the right person, didn’t they?


    Stay Positive Even While Market Swings, Brentwood Financial Adviser Urges
    by Nima Maghame

    As the stock market continues its roller coaster ride, people are on edge when it comes to their wallet.

    Brentwood native Chellie Campbell knows all about the frustration and fear that comes with a bear market recession. She has been working out of her home office in West LA since the early ;90s consulting with locals on what she brands as financial stress reduction®.

    “All we hear in the news is that we should be afraid and most people are driven by fear, which simply makes everything worse…(The media) should reinforce that America is fine and that we go through cycles of booms and busts. During times of recession we shouldn’t be trying to sell everything. If anything, we should be spending more,” Campbell said.

    Campbell urges her clients to take a positive perspective on daily finances. She suggests having three budgets – low, middle, and high – and picking one at the beginning of every month. This will let you save when they need to, she says, and spend when you want.

    “When people hear the word budget, they often hear the word ‘can’t',” she said.

    Campbell argues that finances change and by creating three different budgets instead of only one, spending freedom can be worked in when cash flow increases…

    For the rest of the article, please click on the link below

    http://brentwood.patch.com/articles/brentwood-resident-advises-optimism-in-light-of-volatile-stock-market