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 HIGHLIGHTS on MONEY & SUCCESS                                                                                                           
Trick or Treat?  Dat's Up to You...
 
 
Glad to visit you again, with the fast approach of young visitors to our doorsteps; my older neighborhood is turning over, with newer younger families moving in, so there's still  plenty of children. It's as much fun to see the parents (usually the dads) that are escorting their charges from house to house.
 
With all the bad news in the markets that has us stumbling to keep our balance, I'm including some refreshing, positive news.  Stepping back to take the helicoptor view once in a while can keep you feeling on top of things, instead of buried under them.  Hence, my bold move to share another treat:
Words of refreshing wisdom from Roy Williams.  He's a fascinating fellow, and I recommend you subscribe to his memos at http://www.mondaymorningmemo.com to read new treats every week.

Let us hear from you, with comments or questions via the sites listed below, and I'll look forward to keeping in touch,

Happy Halloween!                                         

Alice Bryan  CFP® 


How To... 

See Tomorrow's America
Humility and Simplicity are the New Frontier

Americans have always treasured independence and achievement. We've seen ourselves as fighters who stood tall after every victory, chin up, chest out, shoulders back. And to the victor go the spoils, right? Big houses, big cars, lavish vacations; these were the American dream.

But we recently learned that America is not an only child. There is no American economy or American environment separate from the rest of the world. The wind blowing across Kansas today blew yesterday through Mongolia.

Take a breath of Mongolian air. Clear your thoughts. Smile into the light. This story has a happy ending:

We're about to discover the joys of humility and simplicity. Smaller houses, smaller cars, a simpler lifestyle. We may even become the "kinder, gentler nation" Ronald Reagan's vice president believed we could be. (From the Republican National Convention acceptance address of George H. W. Bush, August 18, 1988.)

I first presented Society's 40-year Pendulum in Stockholm, Sweden, in January, 2004. Since then, more than 100 trade associations and state governments have asked me to help them better understand the rumblings of societal change they feel beneath their feet. Perhaps you've felt it, too.

Ten completed social cycles - 400 years of history - seem to indicate that in the 6 years following a 40-year tipping point, the majority of older consumers will choose to follow the younger consumers' lead. Societal change during the next 34 years seems subtle and incremental when compared to the pace of change during the 6-year transition.

The last tipping point occurred in 2003. You may recall that I wrote to you about it in December of that year. The memo was titled 1963 All Over Again:

Forty years is how long a true 'generation' stays in power, during which time social change will be evolutionary, rather than revolutionary. But in the waning years of each generation, 'alpha voices' ring out as prophets in the wilderness, providing a glimpse of the new generation that will soon emerge like a baby chick struggling to break out of its shell.

Baby Boomer heroes were always bigger than life, perfect icons, brash and beautiful: Muhammad Ali... Elvis... James Bond. But the emerging generation holds a different view of what makes a hero.

Boomers rejected Conformity and their attitude swept the land, changing even the mindset of their fuddy-duddy parents. But today's teens are rejecting Pretense. Born into a world of hype, their internal BS-meters are highly sensitive and blisteringly accurate. Words like 'amazing', 'astounding' and 'spectacular' are translated as 'blah','blah', and 'blah.' Consequently, tried and true selling methods that worked as recently as a year ago are working far less well today. The world is again changing stripe and color. We're at another tipping point. Can you feel it?

Then, 4 years ago, (Nov. 1, 2004,) I wrote,

The Age of The Baby Boomer ended in 2003. The torch has been handed to a new generation with new ideas and values. Sure, we Boomers still hold the power at the top, but the prevailing worldview that drives our nation is completely other than the one we grew up with. Businesses that don't get in step are going to find it increasingly difficult to succeed...

Being a Baby Boomer isn't about when you were born. It's about how you see the world...

Baby Boomers were idealists who worshipped heroes, perfect icons of beauty and success. Today these icons are seen as phony, posed and laughable...

Baby Boomers believed in big dreams, reaching for the stars, personal freedom, "be all that you can be." Today's generation believes in small actions, getting your head out of the clouds, social obligation, 'do your part.'

The adoption curve of the new values by the mainstream of society began in 2003 and will be complete by mid-2008 or early 2009. You have plenty of time to get in step with tomorrow. But you need to get started today.

The 6-year transition from an Idealist outlook to a Civic mindset will be complete in December, 2008.

Purchases in the future will be less about impressing others, more about meaning and relationships.
Tomorrow has arrived, right on schedule. Humility and simplicity will be our new adventure. And frankly, I think we'll be better for it.

Roy H. Williams





3 Money Pitfalls to Avoid

There are times you may be considering changing your insurance products, but before you do, take heed of the following:
 
1.  You may be hit with a cancellation penalty if you drop your auto or homeowners insurance policy mid-term.
 
2. You may have to pay a surrender charge if you switch to another annuity (and may have to pay taxes and an early withdrawal penalty if you cash it out.)
 
3.  You could face higher premiums if you buy a new insurance policy--especially if you're substantially older than when you originally bought the insurance.
 
Have expert help when you need it. Join our "pack" through the members-only forums for essential feedback, when you purchase one of our toolkits.  Let us know what you need to stay on track  through our  website's "Contact Us" section or our blog as linked below.
 
To Your Success...
 

 

 Did You Know? 

34... Percentage of 18-to-34-year-olds living with their parents, up from 29 % in 1980

21... Percentage of 401(k) participants contributing to their accounts at a lower rate

78.1... Average US life expectancy in years for people born in 2006 (80.7 for women, 75.4 for men)

60... Percentage of Americans who underestimate US life expectancy
 
47... Percentage of managers of US stock funds who have no ownership in their funds


http://www.yourfinancialwatchdog.com  OR     http://www.yourfinancialwatchdogblog.com