Do You Have the Discipline to Invest?

by

Do You Have the Discipline to Invest?

I’m guessing that you wouldn’t try to walk a tightrope across Niagra Falls if you weren’t extremely disciplined.  Although it’s not always as life threatening, investing, too, requires a great deal of discipline.  Here’s an article on investing advice that I was recently quoted in where I discuss this topic:

Top 50 Tips on How to Invest in the Stock Market

There is so much advice on stock market investing that makes it sound simple. “Buy Low, Sell High” is one of the most often heard, but also the most useless. Of all the books that I’ve read on how to invest in the stock market, at least half of them didn’t give one piece of concrete, useful information (you can see my list of favorite books on investing here). This is why I surveyed dozens of market pros to uncover some concrete stock market tips that you can actually use. The following insights are the result of this project.

…

#39 “In periods of uncertainty, the only thing that can save you is your discipline. you must determine how much you are willing to lose before selling, and you MUST stick to it. Those that didn’t adhere to a discipline in 2008 and even during the dot com era lost a lot of money. You can protect yourself on the downside, using strategies such as stop loss orders, by sicking to your discipline. Discipline is important on the up side as well. You can’t get too greedy when you have a winner. You must be able to decide when it’s time to take money off the table.”
~~~
Rob Wilson
RobWilson.TV

You can check out the other top 49 tips over at Investing IQ by clicking HERE.

How to Handle Your Finances in a Crisis

by

How to Handle Your Finances in a Crisis

Here’s an article that I was quoted in with regards to using credit cards during a crisis like Superstorm Sandy:

A superstorm leaves a long-lasting impact on affected areas. Well after the news cycle slows and business begins to normalize, remnants of an event like Hurricane Sandy continue to reverberate in households and businesses.

According to the Chicago Tribune, the East Coast hurricane is estimated to be the fourth most expensive catastrophe in the U.S. behind Hurricane Katrina, the September 11th attacks and Hurricane Andrew. Totaling a predicted $70 billion in losses, Sandy will not soon be forgotten.

But as politically and economically charged as this weather phenomenon has been, few have begun to measure the personal cost. In terms of individual finances, the struggle that follows a storm of this magnitude can be incalculable in a time of grief and loss. However, the decisions made in the first few days following the crisis can determine whether survivors experience a swift recovery or a sluggish climb to stability.

From insurance claims, to purchasing the basic essentials for survival, costs can escalate quickly. In an ideal situation, Rob Wilson of RobWilson.tv recommends having three to six months of take-home pay to “lessen the blow of an event like this,” but admits that this isn’t always the reality of people’s savings balances.

Check out the full article at CreditCardSelect.com by clicking HERE.

My ESPN 30 for 30 Rebuttal: How NOT to Go ‘Broke’

by

Here’s my interview with Mia Jackson from the podcast Game Ready Moms, a show which helps parents of potential and current professional athletes navigate the process.

In this segment, we discuss the ESPN 30 for 30 documentary ‘Broke’ and I reveal so very practical strategies that pro athletes can use to avoid starring in the sequel.

Like this video? Let’s Connect!
FACEBOOK: http://www.facebook.com/robwilsontv
TWITTER: http://www.twitter.com/robwilsontv

MoneyMonday – Top 10 Myths of Personal Finance

by

Just because something is widely believed, it doesn’t mean that it’s true. Today, we’re debunking 10 of the top myths in personal finance.

Do you have a myth you’re trying to get to the bottom of? Hit me up and I’ll help you get the truth about it!

Enjoyed this video? Let’s Connect!
WEBSITE: https://robwilson.tv
FACEBOOK: http://www.facebook.com/robwilsontv
TWITTER: http://www.twitter.com/robwilsontv

MoneyMonday – Why Should Olympians Have All the Fun?

by

All eyes, and tweets, are on the Summer Olympics in London. Sure, if you could win one of those “gold” medals over there, that would be sweet. But what if your talents include things other than running fast or jumping high?

There are many other ways to be just as successful as those top athletes. Here are tips on how to “go for the gold” in your own field of endeavor.

Enjoyed this video? Let’s Connect!
WEBSITE: https://robwilson.tv
FACEBOOK: http://www.facebook.com/robwilsontv
TWITTER: http://www.twitter.com/robwilsontv

Why Should Rappers Have All the Fun?

by

So, you guys already know that I work as a financial advisor to professional athletes and entertainers.  I really enjoy what I do, but sometimes, it has unintended consequences.

I speak to lots of kids, and when they find out what I do, all of their concern and attention shifts to “Wow, how much money does [that celebrity] make?” or “What kind of car do they drive?” or “I bet [that celebrity] has a HUGE crib, right?” Now, all of those things are valid questions, especially given that TV has conditioned us to be enamored with the “lifestyles of the rich and famous.” But, focusing on the lives of prominent athletes and entertainers can give our kids an incomplete perception of what success really looks like.  Even worse, it may lead them to believe that if they can’t rap, act, sing, dance, or shoot a basketball, then they may not be able to live the type of life that they desperately want to live.

I mean, these kids can’t really think that “Love and Hip Hop: Atlanta”, “UnReal Housewives of Blah Blah Blah” or “Kim and Kourtney Take Acting Lessons” really tells the entire story…do they???

That’s when I had my epiphany.  I realized that as a financial advisor, I have also come into contact with, and have as clients, a plethora of doctors, lawyers, accountants, architects, business people and entrepreneurs that are living fabulous lives.  In fact, many of these individuals live lives that are far more enriching than a number of these celebrities, because of the fact that, due to their inability to manage their money, the average celebrity’s “high life” is short lived.  However, the stories of these wildly successful “non-celebrities” has largely gone untold…until now.

Enter “The Best Kept Secret.”  I’ve developed this online show to expose viewers to individuals that have become very successful in fields other than sports and entertainment.  And I mean REAL success.  Not the sort of “I’m on a reality show, so I will make it look like I’m rich, but my home is getting foreclosed on next week” type of (fake) success.  In the coming months, I’ll introduce you to and tell the stories of people that look like you, sound like you, came from where you came from and found a way to make it big.  I’ll also give you the blueprint so that you can do it to.

Check out the video above which sets the stage for why I decided to put this project together.  When you see the looks on the student’s faces, you’ll know why.  I’m also certain that you too, will enjoy learning how to get closer to living the life of your wildest dreams.

Because after all, why should rappers have all the fun?

Enjoyed this video? Let’s Connect!
WEBSITE: https://robwilson.tv
FACEBOOK: http://www.facebook.com/robwilsontv
TWITTER: http://www.twitter.com/robwilsontv

P.S.

Do you know someone that should be featured on “The Best Kept Secret?” Email me at rob@robwilson.tv!

Special shoutout to @Emmai_Alaquiva, PNC Bank, the Heinz Endowments and Urban Pathways Charter School for getting this project off the ground!!!

MoneyMonday – Visa Settles, Wells Fargo Discriminates & More Reasons You Hate Banks

by

People often wonder what the Occupy Wall Street Movement was about. Although the organizers weren’t that articulate about expressing their views, the “Bad News Banks” themselves keep giving us reasons to hate them. Learn a few of the recent ones in this week’s #MoneyMonday.

Let’s Connect!
FACEBOOK: http://www.facebook.com/robwilsontv
TWITTER: http://www.twitter.com/robwilsontv