40 million working Americans haven't saved a penny for retirement
Thursday, March 19, 2015
Saturday, February 14, 2015
Know Anyone Over 50?
"Were you aware that the so-called "Seniors" are greatly outpacing those between 20 and 34 when it comes to starting a new business? This article touches on the reasons behind that fact."
'Seniorpreneurs:' A Booming Market For Boomers
SIOUX FALLS, SD -
What are you going to do when you retire? Millions of baby boomers ask themselves that every day and the answer is "start their own businesses."
People over the age of 50 make up the fastest growing group of entrepreneurs in the country.
62-year-old Lisa Rinaldo was an educator in Los Angeles for 30 years. She recently retired in Sioux Falls near her son and grandchildren.
"I'm going to sit in my rocking chair and read all the books I brought with me and play with the grand babies," Rinaldo said.
But Rinaldo's retirement didn't last long. In a 360 career switch, she started a tech company producing and selling electrically conductive pastes.
"Our company name is Prohm-tect because an ohm is a measure of resistance in electricity and we protect against ohms," Rinaldo said.
Her product was invented by her father.
"I didn't want to see these formulas lost when my dad is gone one of these days. I felt he had developed excellent products and I wanted to carry this forward for him and our family because they do have so much potential," Rinaldo said.
Is 60 the new 50? There are actually more entrepreneurs between the ages of 50 and 65 than there are between the ages of 20 and 34 and there are three important reasons for that.
Thursday, February 5, 2015
Why is Pharmanex 6S Necessary?
New York Attorney General Targets Supplements at Major Retailers
The New York State attorney general’s office accused four major retailers on Monday of selling fraudulent and potentially dangerous herbal supplements and demanded that they remove the products from their shelves.
The authorities said they had conducted tests on top-selling store brands of herbal supplements at four national retailers — GNC, Target, Walgreens and Walmart — and found that four out of five of the products did not contain any of the herbs on their labels. The tests showed that pills labeled medicinal herbs often contained little more than cheap fillers like powdered rice, asparagus and houseplants, and in some cases substances that could be dangerous to those with allergies.
The investigation came as a welcome surprise to health experts who have long complained about the quality and safety of dietary supplements, which are exempt from the strict regulatory oversight applied to prescription drugs.
The Food and Drug Administration has targeted individual supplements found to contain dangerous ingredients. But the announcement Monday was the first time that a law enforcement agency had threatened the biggest retail and drugstore chains with legal action for selling what it said were deliberately misleading herbal products.
Among the attorney general’s findings was a popular store brand of ginseng pills at Walgreens, promoted for “physical endurance and vitality,” that contained only powdered garlic and rice. At Walmart, the authorities found that its ginkgo biloba, a Chinese plant promoted as a memory enhancer, contained little more than powdered radish, houseplants and wheat — despite a claim on the label that the product was wheat- and gluten-free.
Three out of six herbal products at Target — ginkgo biloba, St. John’s wort and valerian root, a sleep aid — tested negative for the herbs on their labels. But they did contain powdered rice, beans, peas and wild carrots. And at GNC, the agency said, it found pills with unlisted ingredients used as fillers, like powdered legumes, the class of plants that includes peanuts and soybeans, a hazard for people with allergies.
Sunday, February 1, 2015
Is the Economy Getting Better?
This from the Chicago Tribune, a devastating blow to those who are proclaiming that "everything is doing just fine" in the US economy. Dennis
Almost half of US households exhaust their salaries
The Federal Reserve has declared economic growth "solid." But several new reports show most Americans are treading along a dangerous financial tightrope, where one slip could be devastating.
Nearly half of U.S. households — 47 percent — say they spend all of their income, go into debt or dip into savings to meet their annual expenses, according to an analysis of Fed survey data released Thursday by the Pew Charitable Trusts.
They could not withstand a serious financial emergency," said Diana Elliott, a Pew research manager who co-wrote the analysis. "That really is the contrast to the macroeconomic story" of a recovering economy. "Macro indicators tell us a lot, but they don't tell us what is specifically happening within families," she said.
If a typical middle-class household had to weather a period of joblessness without any income, they would exhaust their available savings within 21 days, the analysis found. If that same family also cashed in all their retirement investments to get by...
Almost half of US households exhaust their salaries
Tuesday, December 16, 2014
THE Biggest Challenge of Next Decade? – Human vs A.I.
From flying a plane to selling advertising, the FUTURE of American Workers is HERE...and it's NOT Good. In the competition between "artificial intelligence" and a "human" workforce, would you care to wager on which "commodity" is going to win out over the other? Talk about this with everyone you know who is NOT an owner of their own business. From the New York Times...Dennis
As Robots Grow Smarter, American Workers Struggle to Keep Up
A machine that administers sedatives recently began treating patients at a Seattle hospital. At a Silicon Valley hotel, a bellhop robot delivers items to people’s rooms. Last spring, a software algorithm wrote a breaking news article about an earthquake that The Los Angeles Times published.
Although fears that technology will displace jobs are at least as old as the Luddites, there are signs that this time may really be different. The technological breakthroughs of recent years — allowing machines to mimic the human mind — are enabling machines to do knowledge jobs and service jobs, in addition to factory and clerical work.
And over the same 15-year period that digital technology has inserted itself into nearly every aspect of life, the job market has fallen into a long malaise. Even with the economy’s recent improvement, the share of working-age adults who are working is substantially lower than a decade ago — and lower than any point in the 1990s.
Economists long argued that, just as buggy-makers gave way to car factories, technology would create as many jobs as it destroyed. Now many are not so sure.
Lawrence H. Summers, the former Treasury secretary, recently saidthat he no longer believed that automation would always create new jobs. “This isn’t some hypothetical future possibility,” he said. “This is something that’s emerging before us right now.”
Erik Brynjolfsson, an economist at M.I.T., said, “This is the biggest challenge of our society for the next decade.”
Monday, December 15, 2014
Who Can Afford to Rent?
I ran across an article this morning on the rent prices in Denver and how they've gone up (again) and will continue to go up.
I've got some advice for anyone in the Denver area who is living on a fixed income – YOU had better get yourself a financial survival plan!
How is it in your area? Think about it... Dennis
Wednesday, December 10, 2014
More Americans Living Paycheck-to-Paycheck Today (than 2 years ago)...
Do you still believe that there's an "economic recovery" going on? Not according to the latest research. Do you find that these FACTS hurt your efforts to build a business, or are you USING them to build? See my comments in article below on how to USE this news, and then feel free to add your own ideas. Dennis
Welcome to the Recovery – McKinsey Survey Shows 40% of Americans Living Paycheck to Paycheck, Up From 31% in 2012
Nothing screams economic recovery like 2 out of every 5 Americans living paycheck to paycheck. Especially when that number has reportedly increased by 33% since 2012.
Perhaps someone should inform these destitute plebs that the stock market is up nearly 45% over the past two years, and after all, nothing says economic success like the 0.01% enriching themselves via fraud and financial engineering.
Here are two of the most sobering findings from the survery:
- 40 percent of the consumers we surveyed said they are coping with the challenge of living paycheck to paycheck, up from 31 percent in 2012.
- Today just 23 percent say they are optimistic about the economy, down from 27 percent at the beginning of the recession in 2009.
If that’s not enough for you, check out these additional excerpts from the summary:
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