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This Old House - Do-it-Yourself

MONEYMA$TERY - Taking Charge of Your Financial Destiny

Written by Posted On Thursday, 11 October 2018 06:00

I found this outline of a program I once offered. I think it is still pretty relevant and will continue to discuss these points here and in selected Facebook Groups.

I. Information - The value and the cost of information

II. The context of your personal finance

III. The business of your personal finance

IV. Threats to your financial success

A. The government is trying to kill you

B. Short term mentality

C. Attitude

D. Poor planning skills

V. The personal side of personal finance

A. Your financial needs

B. Your parent’s financial needs

C. Your children's financial needs

D. Healthcare

V. YOUR Plan - from where you are NOW

VI. The Magic of Compound Interest

A. The Cost of Waiting

VII. The Three Skills of personal financial management

A. Cash Flow Management

B. Investment Management

1. Loaning or Owning, that is the question

2. Income or Growth

C. Risk Management

VIII. The financial periods of your Life

A. Awareness, Accumulation, Preservation, Disposition

X. Types of Investments

A. Stocks and Bonds

B. Mutual Funds

C. Ginnie Maes

D. Real Estate

E. Trust Deeds

IX. Investment strategies

A. Diversification

B. Asset Allocation

C. Dollar Cost Averaging

X. Tax aspects

XI. Retirement planning

A. IRAs/Keoghs/SEPs/401(K)/Self-Directed Plans

XII. Estate planning

B. Living Trusts/Family Limited Partnerships/Gifts

XIII. Implementing your plan of action

XIV. Eight secrets of financial success

Read 1348 times Last modified on Friday, 05 October 2018 15:12
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Saul Klein

In 1948, doctors told my father that his life aboard submarines on war patrol in the South Pacific and the depth charging he experienced had rendered him sterile. Although controversial and not widely applied, he was treated with an Ayurvedic therapy called “shivambu.” If you are unfamiliar with this term, I recommend you Google it because against all odds, I came to exist.

That was a loony segue into my life but is a fitting precursor to a career that would be just as incredible.

Like my father, I joined the Navy. However, due to a medical inconvenience, I was honorably discharged after 6 years of commissioned service, all on Sea Duty. This was an opportune misfortune that led me down the path to a successful career in real estate. Both my father and grandfather flirted in real estate brokering and flipping part-time, and I followed suit but making a lifelong career out of it.

With over 40 years in real estate, it is impossible to talk about my experiences in this small window. But I can proudly say that I am well-recognized as an industry pioneer, especially in real estate syndication and education, and one of the few luminaries that paved the way for real estate’s transition to the online world.

Some highlights of my life’s work:
● Co-created ePRO, technology certification course that certified 70,000 students
● Created the first online communities for real estate professionals to network, learn, and sell
● Created "Opt Out" Listing Syndication, aggregating over 1.4 Million Listings in 18 months
● Built the #2 National Listing Syndication Service, Point2 Technologies, sold to Yardi in 2010
● Founder of the California Association of Buyer’s Agents
● Member of the first REALTOR.com Team, pre-IPO, responsible for obtaining first 500,000 listings
● Helped Zillow and Trulia build up their MLS data inventory

Today I continue to lead efforts that bring new technologies to the real estate industry. Feel free to reach out and learn more.

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