New Book Offers Exceptional Advice on Finance and Investing

This book’s title “Wealth Is a Choice: How to Choose Wisely” says it all. Wealth is a choice. No one gets rich without making the decision to do so, whether it is deciding to buy a lottery ticket or pragmatically planning for retirement. The first thing people must do is make conscious decisions that they will have wealth and then set goals to achieve that wealth. Of course, the goals must be realistic, which rules out the lottery. In “Wealth Is a Choice” James Studinger provides valuable advice for setting realistic goals based on his own experiences and his many years of helping his clients increase their wealth.

Throughout “Wealth Is a Choice,” Studinger relates personal experiences-his childhood in Manistique, Michigan, his working for a firm that helped prison employees with managing their money in the Marquette Branch Prison, various firms he has worked for in Michigan, and examples of the clients he has helped to grow their wealth, as well as examples of clients who did not grow wealth and what held them back. He also tells his own story of personally learning how to handle his money so he was not in debt. He began writing “Wealth Is a Choice” because he wanted to leave his sons a money road map should anything happen to him. That idea grew into one of the best books on money management I have ever read.

“Wealth Is a Choice” stands out for many reasons. First of all, a lot I know about money I learned from Suze Orman. Her books and television show are fantastic about money management, but Orman and many others focus primarily on how to get out of debt, and how to save money by spending less. Studinger talks about debt briefly, but he notes that many good books already exist on the subject. His purpose is instead to help us learn how to grow our money, which is what I’ve most wanted to learn. I’m apparently one of the fortunate few in America not in debt who has always been good at saving money. My need has been trying to figure out what to do with the money I save-how to invest it, what to invest it in, how to know whether an investment will be good or bad.

I have read books about mutual funds and stocks and how to determine which ones are likely to grow. Most of it I quickly forget. What was missing from the equation, and Studinger is the only author I know who has made this clear, is that the ultimate goal is to figure out how much you need to retire, and then to track your progress regularly toward that goal.

One point Studinger covers extensively, which cannot be underestimated, is the importance of finding a reliable advisor. He warns us that many advisors try to sell clients products based on how much commission they will receive rather than what is best for the client. He tells us to ask advisors upfront what the benefit is to them, while reminding us just because one investment will pay off for the advisor more than another, it doesn’t mean we shouldn’t choose the investment that will help the advisor more, we just also should choose what makes most sense for our investment needs. After all, advisors deserve to make a good living off their work provided they are giving their clients good advice. Studinger tells us to ask three basic questions of advisors before we make an investment: What is the rate of return? What is the risk? What is the cost?

Beyond finding a good advisor, Studinger suggests we find a good software program that allows us to track our investments. I have tried to track my investments by paper statements, making spreadsheets etc., but it is tedious and I never keep up with it. A software program sounds like the way to go. Studinger’s own wealth management firm, JPStudinger Group, provides a wealth management solution tool that is web-based so clients can track their investments. A video of this tool can be viewed at

The only slight flaw I see in this book are the examples of wealthy clients Studinger uses. The majority of them have significant incomes ranging from $80,000 annually and upward. Most Americans do not have such incomes, so they might find such numbers intimidating. Unfortunately, it is people with such high incomes who will most likely be reading this book. However, the person who makes $30,000 a year will find the advice given just as useful. Don’t let the numbers intimidate you. A person’s current income does not have to determine whether someone has the choice to become wealthy. As Studinger points out, it’s about making good choices with the money you have that will make the difference.

“Wealth Is a Choice” is an easy to understand book. Unlike with many investment books, I never once felt lost or confused. Studinger writes in a straightforward style, and his honest advice leaves me with no doubt that he has the reader’s best interests at heart. He has great cartoons throughout the book to illustrate his discussion, and he uses effective analogies, including football offense and defense and archery anchor points to get his points across. I think male readers will especially be able to relate to his examples and find the advice practical.

Lots of people read about money or tell themselves someday they will get their finances together. This book will inspire people to do so. Many readers, after completing this book, will realize that wealth is a choice and be inspired to make that choice for themselves. I know “Wealth Is a Choice” has encouraged me to review my financial goals and plan better for retirement.

For more information about J.P. Studinger and “Wealth Is a Choice: How to Choose

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26 Secrets (A to Z) Of Winning in Your Finances and the Capital Market in 2009

A-ascertain your financial state

-Access the financial state for 2008, how much do you make from your investment in 2008.

-Acknowledge your mistakes in playing the market in 2008

B-believe you can make it big in the stocks market. Believe you can make 1000%retuns and more. Believe your can become wealthy by trading and holding stocks in the capital market. Believe that you can still pay all your debt and be make money.

C-cut away all unnecessary expenses in your finance and transfer to your investment like your stocks and shares.

Confess your lack of knowledge on some stocks to expert that can help you. Confess your financial diabetes to financial doctors

D- Desire and determine to make it big in the capital market in 2009. remember he that desire does not retire to acquire his desire.discipline your self to make money by reading money matters magazine and attending their seminars regularly to acquire skills to play market in 2009.defend your finance by protecting against Parkinson’s law which states expenses rises with income. The more you are able to fight and work against that law the richer you become in life. By force disobey Parkinson law because disobedience is the beginning of wealth accumulation.

E-expand your knowledge of finance and capital market consciously because the knowledge of how to be successful is more than n success itself.

F- Fight debt and all its family members in your finance. Fix all loopholes in your investment portfolio and find better alternatives which will better your investment. This can only be done by going for continual financial education development.

G-go for gold in 2009

H- Hire expert where necessary. if there is personal financial doctor or an investment analyst you can pay to analyze some few investment and stocks for you it will be better than just depending on heresy.

I- invest in asset in 2009 and not liabilities. By this I mean that asset is anything that brings you money while liability is anything that takes money away from you and even ask for more.

J-join by force at least one investment club that you know will move you forward financial in the investment club you will be taught about your finances and investment in capital market.

k-keep record of all your money you make and the one that flows out of your hand by 2009.keep a standard record of all your investment in stocks.make sure you get all contract notes, share certificate,dividend warrant and all necessary documents.

L- Learn from experts. The word KNOWLEDGE consist of two words mainly, that is KNOW L EDGE. Everything you know will always give you an edge over your counterparts. Pay any amount to learn what you need to succeed. Knowledge of how to succeed is more important than success itself. List your financial plans for 2009.list other legal sources of income which you can make money from which will boost your finance. You have learnt about four stream of income. List the stocks you will buy in 2009 at least 50 and screen it to 5 as your ability can carry you.

M-make up your mind to make it in 2009.if it takes determination to succeed then is ready to determine that determination.MAKE MONEY WHILE YOU STILL HAVE ENERGY, IN YOUR EARNING PERIOD, FOR YOUR RESTING PERIOD COMES WHEN NO MAN CAN MAKE MONEY. Do you know that our lives are divided into 3 stages? Learning period (age 0 to 25), earning period (age 25 to 50 or 60), resting period (age 65 till death separate you from the earth).

N- No to all friends that will not move you forward financial in all “office I OWE YOU”, BUY liability of what you don’t need and pay little by little.

O-obey the law of wealth accumulation by saving 10% of all your income in 2009.savings is first step in the temple of wealth. What you save will safe you and what you keep will keep you. Save in form of investment in stocks and shares

P- Purchase all MONEY WISE MAGAZINES FOR 2009 and other financial magazine.

Q-question the importance of every expense

R- Run your finance. Be the CEO of your investment

S-sell all the assets you don’t need but you bought them because you just want them and for about two years you have not touch it,in fact it is still in the rapper you bought it with.

T- Time your inflow of money and portfolios investment. Divide every thing into quarters.Time how much money you must make; in the first quarter, 2nd quarter and so on like a goal setting. Make use of quarter result to make your investment decisions in stocks.

U-use all available resources to reach your goal that is there should be no waste of resources.

W-wealth accumulation principles you apply in 2009 will make you a principal. Use them.

x-x-ray all your plans before the all mighty God as you approach the new year so that he can help you.

Y-yield to what God lay upon your mind after praying to him. God spoke to me about intercontinental bank when it was still N5 and I bought a lot of units and sell when it was N15.

Z- Zip up all your plans in a book. Research shows that only 3% of ad

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