Strategist Falls In The Midst of Financial Turmoil

I want to welcome you to the inaugural edition of “Leon on Dollars, Sense & Other Stuff”. This first post is essentially a welcome message, an insight and glimpse into what I intend to bring to the community, an apology upfront to unintentional babbling, and of course my heart felt gratitude in advance for you taking part in what I hope becomes a stimulating dialogue on money, common sense about money, anything relating to money, and of course other stuff, And did I happen to mention money?

A couple of weeks ago I woke in a cold sweat and I use that term loosely as my wife turns off the cooling system when ”SHE” goes to bed. I woke with so many ideas popping into my head like a machine gun in an old Elliot Ness and the Untouchables movie, that I fell half way out of bed. What a Night! I was up the rest of the night blazing with excitement. Let me spill some of the juice by giving you a sample of some blog posting titles I came up with to share with you:

• How to leave an extra $2 to $4 million dollars for your family or favorite charity without spending a dime of your own money.
• Defer taxes indefinitely using 1031 exchanges for Real Estate.
• What is Asset Optimization and why does it matter?
• Avoiding long term capital gains using charitable remainder trusts.
• How to use your own under performing 401k or IRA to capitalize on this perfect Real Estate storm.
• Current Financial Markets preventing you from getting into the Real Estate game? How you can use Real Estate Syndication to get in, have maximum leverage, and minimize risk.
• The $100,000.00 Mistake.
• 5 Steps to a 720 FICO Score.

Of course, “As The World Turns”, and it always does, we will dialogue about what’s happening in the news and how it affects your bottom line. Now if I can just keep my Attention Deficit Disorder (ADD) under control I will actually sit down and write those blogs. However, I am excited enough about all the stuff I want to talk to you about that I just might be able to pull this off.. If you have already read the “About Me” page on this blog site you get where my passion comes from as I am on a mission. And that mission is to promote Financial Literacy throughout our country and the world. I truly believe that financial illiteracy is at the heart of most of the apparent ills in this country. Marriage and subsequent divorce, gang violence, hate crimes, road rage, intolerance etc. This is a cycle that repeats itself with each generation and with each generation it becomes more pronounced. When people feel financially empowered its amazing how much we can tolerate from the people around us. I once had a boss in the late 80’s that was 4 levels up in management and we got along great.  He said, I did, and I wouldn’t see him or talk to him for 2 weeks at a time until the next time he wanted a project completed. It wasn’t until he put a 3^rd level manager, then 2^nd level, then 1^st level manager who made just 5% more than I did, did I start to really dislike what I was doing and promptly quit to become self employed. That 5% was not much of a buffer zone to this 1^st level manager to allow himself to feel good about himself.

Let me say however, in as much as we will talk about money there are other assets that have nothing to do with money that are far more important. Assets that if we do not have we usually can not keep the money even after we have learned how to make it. I am talking about Human, Intellectual and Civic Assets. These assets are the ones that usually determine whether or not we are actually happy or not. I will talk more about these Core Assets in future posts.

In my next post I will begin the dialogue with Asset Optimization. What it is? Why is it important to you? And provide you with examples that will stimulate you enough to learn from. I promise that over the next few months I’ll provide you with information that will not only empower you to take control of your financial life, but have the knowledge for you to teach your children for generations to come.

Let’s break this cycle together.

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Tagged with: assets • defer taxes • total asset optimization • wealth accumulation

Filed under: Financial Services

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