Money Talks

[Butch Hamilton-The Wildcat SEO Master]

Financial Planning Simply Does Not Work!

 

Have you ever heard of “Cognitive Dissonance”? This is where the individual has to make a choice between something attractive and something that is not. Marketers understand this and create programs and marketing plans that satisfy this dilemma in people’s minds.

 

If you knowingly promise something that you can’t deliver, just to persuade someone to choose you over another, you are nothing short of a conman. So many times people are given bad information, and are persuaded to leave something that they thought to be good for another program that is really not good but promises to be better than their original selection. They are being persuaded to switch their thinking through cognitive dissonance to what they think is better.

 

The financial sales people do this all the time, knowing that what they are promising is not exact or truthful. The information that they share with their clients is not verifiable for truth, as we have just seen in the recent economic downturn when people lost huge sums of money. Had people had verifiable information they would not have lost money, and would had realized that what they were being promised would not happen.

 

Wealth creation is different than cash creation and demands verification as to truthfulness. It requires that a process be the main focal point and not a product. It demands that the client understand fully what the pros and cons are in what they are doing.

 

All of this is achieved through economic simulation, which means being able to see everything through an economic simulator. Being able to see the future before it happens and understanding where the flaws are. Looking at the financial world through a whole different paradigm and fixing the problems before they happen. If people used an economic simulator they would have exposed the Madoff ponzie scheme, but instead they ended up listening to information that was opinion driven and not factual.

 

Listening to bad information is not relegated to just lower income people, we saw it happen to wealthy people because greed over rode the ‘cognitive dissonance” selection process. Now you might be saying that “This does not apply to me, to which I would reply, ok you might be right.” But if you don’t want to lose you will want to see it first before you do it. This is the only logical position to take and if you follow your gut feeling you will see that I am right.

 

If you want to learn more come to our tele seminar at www.MoneyTeleSeminars.com and sign up for a 2-hour TeleSeminar where you can learn all about looking at the financial world in an economic light. You will be glad you came.

 

Thanks for reading

 

Dr. Raymond Jewell, Senior Economist
www.FinancialFreedomRadio.info

 

 

[Butch Hamilton-The Wildcat SEO Master]

Market Scan

 

U.S. Jobless Rate Soars To 8.5%
Maurna Desmond, 04.03.09, 09:30 AM EDT

 

More than 660,000 jobs were shed in March as unemployment figures hit 25-year high.

 

There was no spring thaw for jobs in March. The deepening recession has left 13.2 million Americans unemployed as weakness in the labor market further bruises the battered economy.

 

The government reported Friday that the U.S. economy shed 663,000 nonagricultural jobs in March, pushing the national unemployment rate to 8.5%, the highest level in 25 years, from 8.1% in February. The losses were in line with expectations, and average hourly earnings rose by 3.4% year over year.

 

Yahoo! BuzzThe Labor Department also revised the January payrolls figure to -741,000, from 655,000 jobs lost, while February was left unchanged at 651,000. A toxic mix of falling home prices, tanking stock portfolios and soured bets on Wall Street has left the U.S. and global economies in tatters.

 

The Obama administration has tried to stem the bleeding on several fronts, using trillions of taxpayer dollars to clean up the mortgage mess and unchoke seized-up credit markets. The $787.0 billion economic stimulus bill passed in February will not bolster business before summer but ultimately is seeking to create or salvage up to 4.0 million jobs.

 

Thrifty consumers have cut back on spending, particularly on large purchases over the last year. This in turn is forcing businesses to pare down, adding to job troubles. Meanwhile, the financial sector continues to reel from the subprime mortgage crisis it helped fuel as Treasury’s efforts to fix the banks stall. Attempts by the Federal Reserve to stoke a slowing economy by bringing its borrowing rate down to virtually zero have yet to prove fruitful. However, different government-backed lending programs seem to be loosening constricted flows of credit.

 

Stock futures moved higher in spite of the bleak jobs data, while the yield on the benchmark 10-year U.S. Treasury note fell slightly, to 2.81%, from 2.75% Thursday.

 

News of doom and gloom over the condition of the economy.  Dr. Raymond Jewell offers his suggestion for overriding the current conditions and protecting yourself from being affected by the current finanical trends.  Become part of the awareness movement of Money Talks.

 

http://www.moneyteleseminars.com