April 19

El adiós a Gabriel García Márquez (autor)

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Escrito por:  Felix A. Montelara

Autor: Potencial Millonario

 

El Autor, Gabriel Gacia Marquéz recibió el premio Noble de literatura en 1982, Colombiano que disfruto su vida en México donde murió el miércoles.  Marquéz es uno de los autores mas leído en el mundo, por su novelas geniales. Felix A. Montelara extiende sus condolencia al familia de Gracia Marquéz y al mundo entero por la perdida del gran autor.

http://cnnespanol.cnn.com/2014/04/18/el-homenaje-a-gabriel-garcia-marquez-sera-en-todo-mexico/

April 19

Potencial Millonario Ep 25 / The Potential Millionaire Ep. 25

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Estamos en el mes de la educación financiera. En este episodio hablamos de los archivos mentales sobre la mente millonaria y la mentalidad pobre según Harv Eker, autor de los Secretos de la Mente Millonaria. También esta semana la secciones, “Lo que ustedes saber su dinero” y “Estirando su dolar”.

Espero que los disfrutes y tómese su café tranquilo y recuerde este es el mes para aprovecharnos de las venta de enseres electrónicos. Pero recuerde que todos tenemos Potencial Millonario.
Felix A. Montelara
Autor: Potencial Millonario

 

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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.”

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.

 

April 6

How to get your financial house in order by age 30 (USA Today- Money)

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Author: Anne Godlasky, @annieisi, USA TODAY5:38 p.m. EDT May 16, 2013

New wrinkles. Pressure to procreate. And what have you checked off your bucket list lately? Turning 30 can be stressful, even before thinking about personal financial goals and how to achieve them.

Adults 34 and younger grade themselves worse than any other age group in their personal finance knowledge, with 48% giving themselves a C or lower, according to a survey by the National Foundation for Credit Counseling. Financial planners say that needs to change. Millennials have a lot to do to get their house in order.

“I think every birthday you check your credit score and your weight, and one should be going up, and one should be coming down,” says Jean Chatzky, 48, a personal finance expert whose Money School webinars launched last month. “People around 30 are under more pressures than any prior generation,” she says, citing “tremendous” student loan debt, “stagnant” wages, the burst housing bubble and the burden of retirement and health care costs moving increasingly from employers to individuals.

In fact, the average net worth of those under 40 in 2010 was 7% below that of people in the same age range in 1983, the Urban Institute reported in March.

“Thirty today isn’t what 30 was a few decades ago. It could mean single and 30, or married with children,” says Megan Rindskopf, 26, a certified financial planner with ClearView Wealth Management in Charlotte. “I think the biggest issue for people in this age range is knowing how best to deal with competing priorities. A lot of people are living paycheck to paycheck. This is kind of the age where you feel you need to grow up.”

WHAT FINANCIAL GOALS SHOULD MILLENNIALS SET?

A good benchmark is to have one year’s salary saved in retirement accounts, such as a 401(k), by age 30, says David Weliver, 32, who created the financial advice websiteMoney Under 30 after recovering from his own problems with debt. Weliver calls the goal “income-based, so it’s not comparing a kindergarten teacher and a Wall Street banker.”

Financial experts recommend saving 10% to 15% of every paycheck to retirement and savings accounts.

However, saving newbies shouldn’t start with 10%, some advise.

“It’s like going on a crash diet — if you go too high, it’s too painful and too likely to fail,” Chatzky says. “Once you manage to set aside 2% for three to six months, then notch it up another 2%. … I’ve never seen a budget where I can’t find some wiggle room.”

As you save money, here are steps to take:

1. Meet obligations. Pay your rent and minimum loan amounts on time to avoid charges and fees.

2. Build an emergency fund. If you have nothing, start with $500-$1,500 to avoid overdrafting your checking account, says Weliver, then grow that buffer into a savings worth three to six months’ salary, to support you in case you lose your job.

3. Pay into 401(k) up to company match. If you don’t do this, “you’re missing out on free money,” Rindskopf says. If your company doesn’t match your 401(k) contributions, Weliver still recommends donating 3- to 5%.

4. Pay off credit card debt. “The biggest payoff is going to come from two things — capturing any matching [401(k)] dollars and paying back credit card debt,” because it is high interest, says Chatzky.

5. Increase savings. Once you’ve paid off debt, built an emergency fund and started saving for retirement, “look at shorter term goals and figure out how much you’ll need in two to five years,” such as paying for a wedding, car or down payment on a house, Weliver says. “You don’t want to put everything in retirement if you don’t have enough to pay for the things you’ll need.”

6. Buy life insurance. “I absolutely recommend it if you’re starting a family or if you have a spouse who depends on you to pay the bills,” says Rindskopf. “Do a little research before you jump in and buy a policy.”

7. Increase 401(k) contributions to 10%, even if it’s beyond company match, Weliver says.

8. Pay off student loans on schedule. Student loans are “tax-deductible and the interest rate is generally low,” says Chatzky.

9. Open tax-advantaged accounts. “If you’ve maxed out [other savings], but you still have money to put aside, look at other tax advantaged accounts you can open. If you have a child, look at the 529″ to save for their college education, Chatzky says.

10. Invest. If you’ve done all of this, increased your retirement and your savings and still have money to spare, you may consider investing in taxable brokerage accounts.

THE GENERATION OF ADJUSTED EXPECTATIONS

Chatzky, a mother of two teens, 18 and 16, says many young adults will need to “choose a smaller lifestyle than earlier generations.”

“It’s very demoralizing to think that the next generation won’t have a shot at doing as well as their parents did,” she says.

Weliver agrees that his generation has a different standard of living.

“We need to lower our expectations,” he says. “Retirement age may be 70. … That just may be the reality of our generation.”

With 32% of those 18-34 saying they put nothing toward retirement, according to the National Foundation for Credit Counseling, even a later retirement date requires getting serious about personal finances as soon as possible.

“When you turn 30, it’s a really good time to make a five-year plan for your finances. Your 20s are notoriously uncertain — you may be moving, in and out of relationships and different jobs — so it’s hard to stick to a five-year plan because things change so quickly,” Weliver says. “By the time you’re 30, things may slow down a bit and there may be a natural progression in terms of savings and salary.”

Follow Anne Godlasky on Twitter @annieisi

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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