April 13

Nuevo estudio de MassMutual revela que la educación financiera y la planificación son clave para los hispanos alcanzar el sueño americano

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Les persento la importancia de enseñarle sobre el Potencial Millonario que tenemos para lograr obtener el sueño Americano en nuestra familia. Es posible vivir aquí en los EE.UU y no tener deudas de crédito, vehículo, o hipoteca. Yo, Felix A. Montelara lo he logrado y es pero que usted haga lo mismo y pronto.Amonzon Book cover  Espero que disfrutes de la información de estudio por MassMutal y veas que todos tenemos Potencial Millonario.
Felix A. Montelara
Autor & Protagonista: Potencial Millonario

Nuevo estudio de MassMutual revela que la educación financiera y la planificación son clave para los hispanos alcanzar el sueño americano (via PR Newswire)

La encuesta también identifica la desconexión entre lo que los hispanos dicen y hacen cuando se trata de la planificación financiera SPRINGFIELD, PRNewswire-HISPANIC PR WIRE/ — Para los hispanos parece que la…

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April 12

Boxing Legend Felix “Tito” Trinidad Brought To His Knees By A 68 Million Investment Loss

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Posted By Felix A. Montelara

Author: Potencial Millonario

Boxing  legend Felix “Tito” Trinidad is brought to his knees by a 68 million investment loss.  However, the knockout blow may be the reported debt of approximately nine million dollars.

Felix Trinidad, in an attempt to be responsible with his assets obtained a brokerage firm, “Popular Securities,” to manage his well-earned fortune. Now I’m going to explain how it is possible to lose an estimated 68 million dollars even if it is invested by a third party and you (or in this case Trinidad) are not monitoring the account. According to reports, José ‘Pepe’ Ramos was assigned by Popular Securities to handle Trinidad’s account. Ramos invested most if not all the money in bonds, according to news reports in Puerto Rico.  The truth is that until September 2013, this type of investment was not risky on face value. The problem began in September 2013 when the markets (Moody’s and the S&P 500) downgraded Puerto Rico’s bonds to junk bond status, hence reducing Trinidad’s wealth (fortune). It is said that Trinidad began to see losses in his statement. Really? Red flag, anyone?

The second problem is that if it is true that Ramos invested 100% of Trinidad’s money in bonds only, we can all see an issue with assets allocation. In lay man words, Ramos placed all the eggs in one basket (Puerto Rico bonds). The right thing to do was to diversify into many assets across the market and invest in several different market sectors, as I would say, “A little of this and a little of that.” Truth be said it is unknown at this time if Trinidad asked to be conservative with his investments, or even if Ramos was authorized to invest without Trinidad’s consent.   No one knows why Ramos decided to place everything into bonds. It is true that before September 2013, Puerto Rico bonds had good ratings in the market and benefited from a triple tax exemption and could be enticing- or as I would say it would have been “sexy” to invest in them for any portfolio at that time; however, never at 100% of any portfolio.

One must understand that Trinidad is a former professional athlete and a marvelous boxing World Champion. He is not a finance expert. He took prudent steps to preserve his fortune but that was not enough.  The last blow brings Trinidad to his knees by a man without gloves in a suit. The lack of basic personal finance education hurt Trinidad as much as it hurts everyone else. Trinidad would have most likely have avoided this type of situation if he was well trained in personals finances. Its like training for a championship bout and not knowing the opponent.  It is alleged that Trinidad noticed losses on his statement.  In the boxing world that is like telegraphing a cross punch. With personal finance training Trinidad may have seen the knee dropping blow coming his way.   When Trinidad

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received his earning statement reports with some personal finance training he could have determined that all the eggs were in one basket and we all know in personal finances that is not a good thing.

Also with a good personal financial education a millionaire worth 68 plus may have not carried with an estimated nine million in debts. Why would Trinidad? Anyone trained or educated in the basics of personal finance knows that the debt is the most powerful opponent, who most likely provides the knock out blow when you are already down on your knees. But as they say in my neighborhood: “to late,” the money was invested and lost. The only controversy is whether Ramos was authorized by Trinidad to place the eggs in one basket.  Ramos, along with Popular Securities, will defend themselves as if they were in a championship bout and the truth will be known in court.

If you were in Trinidad’s shoes, would you have the know-how to foresee that ultimately it is your responsibility to watch over your money?

Finally, we are celebrating Financial Literacy month in April.  Wise up!   Get educated in personal finance and do not allow yourself to be victimized due to financial ignorance. Remember, we all have “The Potential Millionaire.”

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April 12

Potencial Millonario Ep. 24 / The Potential Millionaire Ep. 24

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En este episodio hablamos de la mentalidad millonario según T. Harv Eker autor del libro Secrets of the Millionare Mind. Explico paso a paso el secreto de como piensan los ricos versus la persona con la mentalidad pobre. banner-SOMM.jpg

También tenemos la sección “cuidando su dinero” donde tomamos preguntas de que ustedes envían mediante Facebook, Twitter, y Potencialmillonario.com. Escuche especialmente si contestamos su preguntas, o la de  alguien quien usted conoce. Espero que disfrutes del programa, pero sobre todo que aprenda algo, porque todos tenemos Potencial Millonario.
Sinceramente,
Felix A. Montelara
Autor: Potencial Millonario

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April 12

Los millonarios estadounidenses tienden una mano firme a sus herederos: Te ayudamos, pero abre tu propio camino

Potencial Millonario
Los millonarios estadounidenses tienden una mano firme a sus herederos: Te ayudamos, pero abre tu propio camino (via PR Newswire)

Dejan un legado que incluye dinero, pero se trata de mucho más que eso, según la encuesta de PNC – FILADELFIA, PRNewswire-HISPANIC PR WIRE/ — Más de cuatro de cada cinco millonarios estadounidenses (el 82 por ciento) coinciden…

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April 11

Felix Tito Trinidad es traído a la rodias por un hombre sin guantes…

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Escrito Por Felix A. Montelara
Autor: Potencial Millonario

El tocayo y compatriota Felix Tito Trinidad, asido responsable con su patrimonio. Tito incluso busco un agencia de corretaje, Popular Securities para manejar su fortuna bien ganada. Ahora les voy a explicar como es posible perder un estimado 68 millones de dolares. Según los reportes José ‘Pepe’ Ramos asignado por Popular Securities a manejar la cuenta de Tito, compro o invirtió en Bonos de acciones de Puerto Rico. Lo cierto es que hasta Septiembre 2013, este tipo de inversión no ere arriesgada por si sola. El problema comienza en Setiembre Cuando El mercado (Moody’s & S&P500) declaran los bonos de puerto rico como chatarra haciendo que el patrimonio (fortuna) de tito reduzca. Tito comienza a ver perdidas en su estado de cuenta.

El segundo problema es que según reportado Pepe invirtió todo o la mayoría en solo los bonos. El cual indica que Pepe por alguna razón puso todos los huevos en una canasta (bonos de Puerto Rico) y la canasta cayo. Lo correcto era diversificar el patrimonio de Tito. Osea invertir en diferente sectores del mercado, un poco de esto y poco de aquello. Pero no se sabe porque? Pepe, decidió poner todo en bonos es cierto que antes de Septiembre los bono contaban con una buena calificación del mercado y todavía son exentos (triple) de impuesto y veo entonces lo sexy (atractivo) que eran para cualquier porfolio pero nunca un 100% del porfolio.

Potential Millionaire (Nick)

Potential Millionaire (Nick)

Tenemos que entender que mi tocayo (Tito) es Atleta profesional y como todos nuestro campeo mundial de Boxeo y no es experto en finanzas y tomo pasos prudentes para preservar su patrimonio (fortuna). Y este es el tercer error donde Felix (Tito) Trinidad es traído a la rodias por un hombre sin guantes y con corbata. La educación básica en finanzas personales le hubiera de Tito obtenerla lo mas probable evitaría este tipo de situación. Porque al Tito recibir sus reportes de estado de cuenta hubiera podido determinar que todo sus huevos estaban destinado una canasta y ese es momento de hacerle presuntas a Pepe sobre lo que Pepe estaba haciendo con su dinero.

También con educación financiera personal un millonario con 68 millones invertido no estuviese cargando con un estimado 9 millones en deudas. Porque? el educado en finanzas personales sabe que la deuda es el oponente mayor, el invisible y que te noquean cuando el de la corbata te lleva a las rodillas.

Pero como dicen en mi barrio “to late” el dinero fue invertido y la inversión perdió. La única polémica es si Pepe estaba autorizado por mi tocayo (Tito) a poner todos los huevos en la misma canasta, la verdad saldrá en la corte. Y Popular Securites tendrá defenderse en una campana campal con los abogado de nuestro campeón.

Por si no sabias estamos en el mes de la educación financiera, no seas victima de la ignorancia financiara. Y recuerde que todos tenemos Potencial Millonario.

 

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April 7

Mujer independiente

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Yo, soy fiel creyente que las mujeres deben a ser entrenadas ser autosuficiente. Este entrenamiento tiene que venir desde los padres. Nosotros le enseñamos a nuestro hijos especialmente a nuestras hijas ser dependiente de nosotros. Eso luego se transfiere a la vida de las mujeres. La realidad es que, si puede se fuerte, independiente, y autosuficiente. Es mejor ser autosuficiente en el matrimonio porque nunca se sabe cuando la pareja va a faltar. No importa si hay un divorcio o muerte de la pareja.

Yo he tenido el beneficio y la buena dicha de conocer a muchas mujeres independiente en mi vida pero sobre todo en mi familia.

Aqui les dejo con Consuelo Mar-Justiniano ( mujer indenpendiente)

Espero que disfruten de la entrevista, recuerde todos tenemos Potencial Millonario.

Felix A. Montelara
Autor: Potencial Millonario

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April 5

Potencial Millonario Ep. 23 / The Potential Millionaire Ep. 23

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En este episodio hablamos de los problemas entra la pareja en cuanto el asunto del dinero y como resolverlos para mejorar tu relación. También incluyo un resumen del libro Secretos de la mente millonaria por T. Harv Eker quien ha ayudado a mas de 1.5 millones de personas con el asunto de la mentalidad millonaria.

” Money Will Only Make You More of What You Already Are ” - T.  Harv EkerHoy finalmente contesto preguntas que me han llegado vía Facebook, Twitter, Google+, y Potencialmillonario.com.  Espero que disfrutes del programa de esta semana. Déjeme un comentario por su red social favorita o dele like  en itunes o solo deje un comentario al 334 357 6410 .

  
Pero sobre todo recuerde que todos tenemos Potencial Millonario .
Felix A. Montelara
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March 31

Aumenta a 215 los Millonarios en Honduras

Potencial Millonario

http://www.laprensa.hn/

Redacción: redaccion@laprensa.hn
World Ultra Wealth realizó el reporte publicado por Wealth X.

Tegucigalpa. De los 8.5 millones de habitantes del país, 215 son millonarios.

La cifra fue revelada en el informe World ultra wealth report 2013 (Reporte mundial de ultrarricos 2013), publicado

Mis Islas de la Bahía Mónica Elwin Gouhg se coronó Miss Mundo Honduras 2013.

Mis Islas de la Bahía Mónica Elwin Gouhg se coronó Miss Mundo Honduras 2013.

por la firma Wealth X, que se dedica a estudios de inteligencia sobre millonarios en los cinco continentes, basándose en ingresos, pasiones, intereses filantrópicos, afiliaciones, política, asesores, familias y biografías. Dicho estudio indica que Latinoamérica es la única región del planeta donde la cantidad de multimillonarios se ha reducido.
En el área, Honduras ocupa el undécimo lugar de países con mayor cantidad de millonarios, superado solo por Guatemala en Centroamérica. Según el reporte de Wealth X, en Honduras hay 215 millonarios (10 más que en 2012), cuya fortuna alcanza los 30 billones de dólares estadounidenses.

El año pasado, el reporte daba cuenta de una población de 205 millonarios en Honduras, con una fortuna total de 27 billones, lo que indica que, si bien la cantidad de millonarios ha aumentado, su patrimonio no se ha incrementado notablemente.

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March 29

Have You Considered [the Cost of] Adoption?

Montelara-Demick Family

Speaking from my experience, adopting was frustrating and expensive; but taking care of our children in this world is the best feeling ever. The Potencial Millionaire mindset can make anything possible. Why? Adopting is the right thing to do.

Felix A. Montelara

Author & Host of:

Potencialmillonario.com

 

Article By  (Via PTMoney.com)

Having children is an expensive prospect. A recent USDA study calculated that it will cost new parents $235,000 to raise children from birth to age 18—and that figure does not include college costs.Unfortunately, that number will be even higher for those who become parents through adoption. Prospective parents may realize that there is a cost associated with adopting a child, but it may shock them to discover just how much they will need to have budgeted before they are able to bring their new family member home.In honor of National Adoption Month, here is a break down of the costs associated with adopting a child:

Three Types of Adoption

According to the Child Welfare Information Gateway, there are three ways to bring an adopted child home: public agency adoption, which generally works to place foster children into forever homes, private adoption, and inter-country adoption. Each of these adoption methods have their own particular costs, although there are some costs you can expect to pay no matter what route you take to adoption. Those universal adoption costs include home study expenses and legal fees.

Home Study Expenses

All prospective parents must go through a home evaluation or study before they can be put on the waiting list for a child. These home studies help the adoption facilitator or social worker to determine if the prospective parents are qualified to take a child into their home. Though completely necessary, this can be a frustrating process for adoptive parents—and an expensive one.

Home studies can cost parents between $1000 and $3000 for private and inter-country adoption. If you are adopting through a public agency, the home study fee can be lower—around $500—or waived, since public agencies are generally trying to find homes for older foster children or kids with special needs.

Some private and inter-country adoption agencies will include the cost of the home study in the overall fees for the adoption.

Legal Fees

Nearly all adoptions must be finalized in court, and inter-country adoptions can have some legal requirements on the foreign end as well. While some jurisdictions in America will allow adoptions to be finalized without an attorney, most adoptive parents will have to hire a lawyer for their legal needs. The Child Welfare Information Gateway estimates legal fees will cost between $500 and $6000:

“The cost for court document preparation can range from $500 to $2,000, while the cost for representing adoptive parents in an uncontested adoption can range from $2,500 to $6,000.”

However, those parents who are adopting foster kids through public agencies will usually find that their state makes cost allowances for their legal fees. These cost allowances should cover most or all of their attorney fees.

Public Agency Adoption Costs

These adoption agencies are usually working to place foster children, older children, or children with special needs, although some infants do get adopted through public agencies. Since these agencies are working to find the best home for children who may be more difficult to find parents for, the costs associated with this type of adoption tend to be low or waived. Public agencies do not want to put any obstacles in the way of these children finding homes.

However, there are still costs associated with this type of adoption, including travel expenses and lawyer’s fees. Altogether, parents adopting through a public agency can expect to spend $2500 or less, including the home study expense and legal fees.

Private Adoption Costs

There are two ways to go through a private adoption: through a private agency or independently. If you use a private agency to adopt, you can expect that agency will charge a fee of anywhere from about $5,000 to $40,000, which will cover the costs of the home study, counseling for the birth parent, adoptive parent training, and social work services. Private agencies will sometimes offer a sliding scale of fees, dependent on the adoptive parents’ income.

Independent adoption is when adoptive parents locate a birth parent on their own, and use an adoption lawyer to facilitate all of the necessary paperwork. Costs for an independent private adoption can include everything from advertising (to find a birth parent) to allowable medical expenses for the birth mother to legal fees. The laws of your state may prohibit or cap some of these expenses, as laws differ from state to state. Independent adoptions can cost between $8,000 and $40,000, although the average cost is between $10,000 and $15,000.

Independent adoption costs can fluctuate much more than those through a private agency, and adoptive parents may not have their costs reimbursed in the case of a birth mother changing her mind.

Inter-Country Adoption Costs

Adopting a child from another country adds more complexity to the paperwork you need to do in order to bring your child home. International adoption agencies generally charge fees of approximately $15,000 to $30,000, although many international agencies also offer sliding fee scales.

Related podcast: “I started a freelance photography business to help fund my international adoption.”

The costs of inter-country adoptions can include immigration processing and court costs, a required donation to the foreign orphanage, parent travel expenses, translation fees, foreign legal fees, foreign agency fees, passport fees, and sometimes medical and foster care of the child.

The Bottom Line

There are several programs available for adoptive parents to help defray these costs, but any parent looking into adoption should expect to write some fairly big checks before the adoption process is complete.

It’s a frustrating fact of life that adoption is expensive. But every parent I know would say that holding their child for the first time was a priceless experience.


About Emily Guy Birken
Emily Guy Birken is a former English teacher, and an excellent freelance writer. She’s also a stay-at-home-mom. She resides in Lafayette, IN, with her engineer husband and son. Emily’s thoughts on parenting and life in general are found at The SAHMnambulist.
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