Praise for Career Asset Management: Getting Ahead, Staying Ahead and Using your Head to Maximize your Career Value

Read what others have to say about Michael Haubrich’s new book!

9781599325095-Perfect.indd“This book helped me to think about my career , how I am managing this very important asset and how I might do even more to be intentional. I like the real-world examples, featuring the career asset as primary with the key support of financial assets (the necessary planning).” — Deborah L. Ford, PhD, Chancellor University of Wisconsin-Parkside

“This book is a terrific inter-disciplinary resource.  Mike Haubrich brings his innovative thinking , spirit of collaboration and passion for providing exceptional client service to life in the publication of this hands-on gem.” — Jane Schroeder, MS Momentum Partners

“In this ground-breaking book, Mike Haubrich transforms how we each think about and manage our careers.  Its appealing mix of theory, story and actionable steps will make it the go-to classic resource for individuals rethinking career issues and for financial advisors who want to stay current with fundamental best practices.” — Paula Hogan, CFP, CFA Financial Planning Advisor and author Wealthinking blog and Trust Quarterly

“Imagine treating your career as your most valuable workplace asset, and learning how to maximize it for greatest financial reward and life satisfaction. Career Asset Management, clearly explains this brilliant framework, why it matters to you and those whose careers you guide, and how to apply it step-by-step. It will change how you think about your work and your career, and more importantly, what you do about it.” — Edward Jacobson, PhD, MBA author of Appreciative Moments: Stories and Practices for Living and Working Appreciatively

“This is the clearest guidebook we have to one of the next frontiers of personal finance and financial planning: managing and monitoring the valuable career asset with the same care and diligence as you would tend an investment portfolio.” — Bob Veres Inside Information and past-editor of Financial Planning Magazine

“Mike Haubrich has done an excellent job of putting together a concise book that will change the way you view your career. It is engaging, easy to read, and filled with stories that illustrate how you go about putting a value on your career – and not just in terms of money. He discusses the impact intentional career management can have on your overall well-being – and after you read it you think, “Of course. That makes sense. Why didn’t I think of it that way before?” You are bound to learn something that will improve your own career decisions, and if you are in management, it will help you see the careers of those who work for you in a new light.” — Dana Anspach, CFP, RMA and author of the blog Money Over 55

An abundant Thanksgiving week

This chapter excerpted from Appreciative Moments: Stories and Practices for Living and Working Appreciatively. iUniverse, 2008.  With permission of the author, Ed Jacobson

Chapter 32:  An Abundant Thanksgiving Week

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My mind’s been cooking lately about the rapidly-approaching Thanksgiving holiday and the piece I’ve wanted to write about having An Appreciative Thanksgiving Day. Then a new notion arose: Why not think about an Abundant Thanksgiving Day? I love the concept of abundance. It can refer to financial or material abundance, but it embraces much more than that. I conceive of it as a sense of fullness, ripeness, brimming with life, in various sectors of our lives: financial, familial, spiritual, religious, community, work, health, psychological …the list of abundance areas goes on and on. Continue reading

November 2014

ToYourWealth Update Nov 2014

  • Retirement income for surviving spouses – Justus’s November article as published in the Racine Journal Times
  • Mike’s book review of Younger Next Year by Chris Crowley
  • Holiday hours schedule

October 2014

ToYourWealth Update Oct 2014

  • My first prediction in writing – Justus’s October article as published in the Racine Journal Times
  • November 12 Workshop: Investing 101
  • Mike Haubrich’s review of “David & Goliath” by Malcolm Gladwell

Volatility is up. So what?

Professional investors know something that most people find impossible to believe: that the threat of scary ups and downs in the markets is by far the best friend of the long-term investor.  Why?  Because over the long term, stocks have provided returns far higher than bonds or cash.  If it weren’t for the occasional dizzying gyrations, any rational investor would put his or her money where the highest returns have been.  Right?

This appears to be one of those times–a time when non-professional investors are reminded of the reasons why they have this lingering fear of the stock market.  Since the end of September, the S&P 500 index has done something regularly that it normally does infrequently: moved more than a full percent up or down in a single day.  Consider the recent pattern this month:

  • Oct. 1   -1.3%
  • Oct. 4  +0.05%
  • Oct. 5   +1.1%
  • Oct. 6   -0.2%
  • Oct. 7   -1.5%
  • Oct. 8   +1.8%
  • Oct. 9    -2.1%
  • Oct. 10  -1.1%
  • Oct. 13  -1.65%

Contrast this to the calm before the storm: earlier this year, the markets experienced 42 consecutive days without a single 1% price move, and the accompanying chart shows that this is far from the record.

1 percent gain.loss

 

The question we should be asking ourselves is: why are we paying such close attention to daily market movements?  Why are we allowing ourselves to fall for the trap of getting anxious over short-term swings in stock prices?

This next chart shows the growth of a dollar invested in the S&P 500 at the beginning of 1950, with dividends reinvested, compared with a variety of alternative investments which have not provided the same returns.  (Note that small cap stocks, which are more volatile, have done even better.)  The chart also shows all the scary headlines that the markets managed to sail through on the way to their current levels–all of which are scarier than the things we’re reading about today.

one dollar

 

This is not to say that the markets won’t go lower in the coming days, weeks or months; in fact, we are still awaiting that correction of at least 10% which the markets delivery with some regularity on their way to new highs, which has been long-delayed in this current bull market.  The thing to remember is that the daily price of your stock holdings are determined by mood swings of skittish investors whose fears are stoked by pundits and commentators in the press, who know that the best way to get and hold your attention is to scare the heck out of you.  What they don’t say, because it’s boring, is that the value of your stock holdings are determined by the effectiveness of millions of workers who go to work every day in offices and factories, farms, warehouses, power plants and research facilities, who slowly, incrementally, with their daily labor, build up the value of the businesses they work for.

The last time we checked, that incremental progress hasn’t stopped.  The economy is still growing.  You won’t get a daily report on the value of the stocks you own; only the daily, changing opinions of skittish investors.  But if you take a second look at the growth of an investment in stocks over the long-term, you get a better idea of how that value is built over time, no matter what the markets will do tomorrow.

Sources:  http://www.bespokeinvest.com/thinkbig/2014/6/17/1-moves.htmlhttps://www.jpmorganfunds.com/blobcontent/377/965/1323354460291_II-GROWTH2014.pdf

reprinted with permission of Bob Veres, Inside Information

Investing 101 – November 12

[vc_row][vc_column width=”1/1″][vc_column_text disable_pattern=”true” align=”left” margin_bottom=”0″]Are you frustrated by financial jargon? Do you know the difference between a stock and a bond? How much are you really paying for your investments?

Whether you are retired or preparing for retirement, we encourage you to attend our presentation on Thursday, April 16, at 6:30 PM.

Please join Justus Morgan and Justin Moilanen for an evening of learning and discussion. You’ll leave feeling more comfortable about asking questions about your portfolio and have a better understanding of investing basics. Think of it as “Investing 101.”

To reserve your seat, please call Lori at (262) 554-4500 ext. 105 or use our registration form below. Seating is limited.[/vc_column_text][mk_content_box heading=”Register for the Workshop”][vc_column_text disable_pattern=”false” align=”left” margin_bottom=”0″]Investing 101

Date: April 16, 2015

Time: 6:30 p.m. – 8 p.m.

Location: Financial Service Group[/vc_column_text][/mk_content_box]

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Medicare webinar with Allen Hamm – October 14, 2014

[vc_row][vc_column width=”1/1″][vc_column_text disable_pattern=”true” align=”left” margin_bottom=”0″]At age 65, there’s a series of decisions that need to be made regarding healthcare coverage, specifically Medicare. Health care costs rise with age and it’s imperative that the right choices be made because there’s a small window of opportunity to “get it right.”

Our long-term care resource, Allen Hamm, has created a process which objectively guides clients through the Medicare maze.Continue reading