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MONEY matters

Mark Zaifman's thoughts on money, global economic trends and politics
Living Below Your Means is Key to a Successful Retirement
Mark Zaifman   |    Wed, Nov 30, 2011 @ 03:16 PM

Of all the many golden rules when it comes to managing money, one of the most classic and familiar is to “live within your means”. How many times have you heard that expression?

But how about “living below your means”? Suze Orman, (whose style is not my favorite, but whose message is clear and spot on) has a new series called The Money Class which is where I heard the phrase living below your means. I’ve watched some of her specials before, yet I think this is her best yet. From the intro I watched on PBS, I believe this Money Class series is going to really benefit many, many people in bad financial shape.

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Occupy Wall Street, Learning to Share the Wealth
Mark Zaifman   |    Mon, Nov 07, 2011 @ 12:00 PM

Last week Lemony Snicket's Daniel Handler wrote these 13 Observations on Occupy Wall Street. I caught him on Rachel Maddow's show last Friday where he shared the story of how these observations came about.

While taking a swim at his health club, he found he had to share a lane as it was a little more crowded than usual. The guy he was to share the swimming lane with wasn't too happy about it, and had no intentions of sharing his lane because, "I'm a major donor in this building, so I don't think I have to share a lane."

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Men Who Under-Earn and the Women Who Love Them
Mark Zaifman   |    Thu, Oct 27, 2011 @ 02:32 PM


I used to think it was mostly a west coast thing. What I’m referring to is the rapidly growing number of couples that are putting quality of life ahead of their standard of living - those who are downsizing and simplifying. In many cases, the men are encouraging and supporting their wife/life partner to be the breadwinner in the family, while they often stay at home to care for the kids and run the household, or work from home part-time.

Here in the San Francisco Bay Area, where the culture very much encourages self-empowerment, this trend is exploding. There are classes and workshops that focus and teach women how they can best cope and support the men in their lives that are (and this was the wonderfully delicious euphemistic term used to market an upcoming workshop), under-earners.

It’s a Leap of Faith


From my vantage point as a holistic financial planner, I often meet the men that have voluntarily simplified their lives. Many describe making the change as a leap of faith. And for full disclosure, when I meet with couples where this idea or concept is on the table, I do everything in my power to see how this can work and make it happen for them.

When I meet people that truly desire to reinvent themselves, but the only major obstacle standing in the way is money - I can’t wait to get started on a financial plan with them. Because my first priority is having my clients be successful, having a personal financial plan in place is the only way to proceed.

Transition to Success


Of course, talking about this type of personal transformation, I’d be remiss if I didn’t mention the book Your Money or Your Life which very often provides the catalyst and self-confidence necessary to make major life changes. It’s when you begin to challenge all the core assumptions in your life, especially the ones about how much you ‘should’ make or the type of work you ‘should’ be doing that life really gets interesting.

The vast majority of men I meet that are contemplating this downsizing and simplifying life choice are currently in high stress, high income careers or jobs that feel more like they’re making a ‘dying’ instead of making a ‘living’. Many guys are literally just burned out from striving and never arriving as every time they were close to reaching the finish line, someone moved the goalpost yet again. Men making this downshift in terms of career change risk the wrath of not only society, since this is still very much out of the norm, but often friends and extended family make their opinions of your choice that much more of a challenge.

Women Leading From the Heart


Swimming upstream is much more challenging than going with the flow. Men that begin reflecting on their life choices often notice the creative juices really start bubbling to the surface.  They may feel empowered and inspired to “quit their day job”, they might take personal mini sabbaticals in order to regroup or rest, they often reinvent themselves by taking a gig that’s low stress and easy on the mind and soul.

But we still live with sexism so with these unorthodox choices comes the dubious distinction of possibly being dubbed lazy, under-earner, girlie men, slacker or a poor provider for the family. But down the road, when the investment made in yourself and your family by taking some time off to just slow down enough so you could think clearly manifests into a happier, healthier and more prosperous you, it’s then that all the naysayers will tell you how smart a move that was back then to take some time off.

For all the men I have helped and encouraged to make this move, the X factor that has made the difference between a successful or unsuccessful reinvention is the unconditional love they have received from their wife/life partner during this transition.

It’s what teamwork is all about. A wife helps her partner to become a happier man, him becoming happier helps her love him even more. The more love, the more abundance they attract into their lives, and on and on it goes…

Mark Twain said it best: “Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. “Explore. Dream. Discover.”

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Photo by Mr.T in DC
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The Millennial Generation, America's Newest Civic Generation
Mark Zaifman   |    Thu, Sep 29, 2011 @ 03:18 PM

These are not happy days here in the U.S.  With a constant barrage of bad economic news and a stock market that has even the most earnest long-term investor rethinking their investment strategy, hope and optimism is in short supply.

That’s why this week, when the PBS News Hour did a segment on a new book titled: Millennial Momentum: How a New Generation Is Remaking America by Morley Winograd and Michael Hais,  I could barely contain my excitement and enthusiasm. Finally, finally, after drowning in a sea of gloomy news comes this inspiring book that can remind all of us intelligent optimists why we prefer to see the glass as half-way full.

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Semi-Retirement, The Un-Retirement that Refreshes
Mark Zaifman   |    Wed, Aug 31, 2011 @ 11:10 AM

Who remembers the 7-up ‘un-cola’ commercials? All these decades later I still remember that distinctive voice of actor Geoffrey Holder. If you want a flashback-here he is in a YouTube video that will bring you back in time: 7-up

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5 Essential Questions That Transform Your Relationship with Money
Mark Zaifman   |    Fri, Aug 05, 2011 @ 01:20 PM

How to Transform Your Relationship With Money

Transforming your relationship with money is mostly an inside job. Exploring your history, emotions and assumptions around money AND being willing to challenge and change outdated beliefs is easier said than done - yet it must be done.

1. What’s My Money History?

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A Major Roadblock to Financial Independence
Mark Zaifman   |    Tue, Jul 26, 2011 @ 07:39 AM

If you’re a fan of Dana Carvey and Mike Myers, you know their famous line as Garth and Wayne from Wayne’s World – I’m not worthy, I’m not worthy!

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7 Tips on Feeling Worthy of Achieving Financial Independence
Mark Zaifman   |    Mon, Jul 18, 2011 @ 11:57 AM

If you have struggled with your relationship with money, you may be having difficulty with the concept of feeling worthy of achieving financial independence and financial success. Here are 7 tips to get you thinking, and acting, like the winner that you are.

  • Watch your language. Make sure that what follows "I" or "I am" is what you want to manifest. If you say "I am poor," the Universe will answer you with its only response: yes!
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Sharpen Your Financial Saw
Mark Zaifman   |    Mon, Jan 17, 2011 @ 03:26 PM

Out of my many annual rituals that I engage in right after the New Year, one of my all time favorites is listening to the classic Stephen Covey book: The Seven Habits of Highly Effective People.  

In particular, Habit 7 has always been my favorite. Habit 7 is: Sharpening Your Saw. If you haven’t read or listened to the book, here’s a brief summary of what Covey means by this phrase.

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Robert Reich: The Big Economic Story, and Why Obama Isn’t Telling it
Mark Zaifman   |    Thu, Dec 02, 2010 @ 04:05 PM

Robert Reich, former Secretary of Labor during the Clinton Administration is someone that always speaks truth to power. He has a new book out called “After Shock” that is definitely worth a read. In my opinion, he truly understands the plight of the ever shrinking middle class in our country and is fighting back at every turn he can.

He just posted a new blog about the current drama playing out in DC. Please give it a read: http://robertreich.org/post/2060506381.


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