Chanticleer Book Reviews

Tag: Budgeting & Money Management

  • THE MONEY MAP: A Spiritual Guide for Financial Success by Kasey J. Claytor – Business Motivation & Improvement, Spirituality Self-Help, Money Management

    “There is something magical about money—the way it appears and disappears, grows and shrinks, and, in a similar way of taming a hesitant wild horse, with calm assuredness and confidence, not only will you learn to control it, but you will find you can joyfully master it.” -Author Kasey J. Claytor 

    Claytor insists that every successful endeavor starts with an individual’s thinking and beliefs. She details this concept – and how to live with it in mind – in her new book, The Money Map: A Spiritual Guide for Financial Success. 

    From the onset of her business-oriented career, Claytor has drawn from her beliefs as she upholds financial success as a spiritual goal. In this volume, she takes the mystery out of money to show it as an extension of the mind, body, and spirit. Claytor ensures the beginning of an endearing journey toward clearer financial decision-making, investments, and goals by asking readers to identify the worries of their own ego and to eliminate unproductive ideas and actions.  

    Claytor offers insight on how one can change their thinking and behavior to allow the floodgates of abundance to open up, with solid advice for achieving undivided focus, intelligent poise, and a competent thought technique. 

    She asserts that everyone can step outside of themselves and hold the point of view of the observer. If one is mindful and aware of their present moment, they can move toward much-needed peace and confidence, allowing the growth of new ideas and productivity. 

    The route to monetary independence may appear too steep to ascend, but The Money Map will guide readers to the summit, one checkpoint at a time. 

    This book’s eye-opening revelations about the mindsets of affluent people and its secrets to what they carry inwardly, earn it must-read status in the business resources category.

    The Money Map: A Spiritual Guide for Financial Success will provide readers with invaluable advice, standing beside such works as Spiral Dynamics by Dr. Don Edward Beck Ph. D., Map of the Scale of Consciousness by Dr. David Hawkins M.D. Ph. D., and Integral Psychology by Ken Wilbur. The Money Map will aid anyone in discovering the most beneficial path to financial success, regardless of their current situation. 

    5 Star Best Book Chanticleer Reviews round silver sticker

  • PRIVATE MONEY LENDING: How to Consistently Generate a Passive Income Stream by Gustavo J. Gomez, Ph.D. – Budgeting & Money Management, Analysis & Strategy, Personal Finance

    PRIVATE MONEY LENDING: How to Consistently Generate a Passive Income Stream by Gustavo J. Gomez, Ph.D. – Budgeting & Money Management, Analysis & Strategy, Personal Finance

    Are you in retirement, or close to it, wondering how you’re going to make ends meet pulling from your portfolio? Well, you’re not alone if you’re staying up at night thinking about how low-interest rates are killing your investments.

    In a practical and easy to read format, Gomez explains to investors the particulars of a little known, yet potentially lucrative investment technique that can handle the ups and downs of the stock market. Unlike stocks, the underlying security of private money lending is a tangible asset – brick and mortar, so there is another layer of protection for you, the investor.

    But what is Private Money Lending? According to Gomez, it refers to a private individual or organization that lends money. Typically, when you’re looking for financing, you would go to a bank. With private funds, on the other hand, you’re going to an individual or organization that specializes in this type of lending. The upside of private money lending is that it’s less regulated, which means less red tape. The icing on the cake, he says, is that these investments have consistently generated 9 to 12 percent returns* – not bad considering stock market investments have averaged closer to 7 percent, and with much more fluctuations. We can’t forget the economic crash of 2008 when many stock market investments plummeted close to 40 percent.

    In a nutshell, amid the 2008 economic crash, the Federal Reserve lowered interest rates to help boost the US economy, the author explains in fluid and well-organized chapters. The general thinking was to reduce interest rates to encourage people to borrow money, who then would go on to buy more products – all good for the American economy. However, those same low-interest rates translated to less growth for those in retirement. Private money lending offers an alternative strategy that could generate a “predictable, safe, and consistent income stream that this low-interest rate environment does not currently permit,” Gomez says.

    No investment comes without risk, Gomez reminds his readers, so his bottom line advice for investors: do your homework (start with this book), find out who is offering the loan, and check they have a good track record.

    Even though the content derives from Gomez’s doctoral research and dissertation conducted at Florida Christian University in Orlando, it’s not academic in style. In fact, you will find it conversational and accessible, with a thorough glossary of terms (e.g., origination fee, negative amortization, and Private Mortgage Insurance) and recommended reading to further your knowledge.

    Whether you’re in your golden years relaxing on a sandy beach or fast approaching retirement, you will want to read Gustavo Gomez’s Private Money Lending: Learn How to Consistently Generate a Passive Income Stream.

    *as of the book’s publishing (2015)

     

    Private Money Lending Learn How to Consistently Generate a Passive Income Stream won First Place in the 2017 CIBAs for Instruction & Insight!