Z3-29, 1989 MICHIGAN CI'l1ZEN 19 Finances/Money steps By J ad Robert tions tend to multiply strengths. . because the single greatest N. Taylor If you are not sure how to go obstacle to most people achiev- In order to make your life a about. getting more positive, , ing financial success is "proaas­ more financiaIJy rewarding one, �ss-oriented people into tination" - the failure to take we have compiled the following life, write us. We provide a action, Further, you should al- "Sucee Steps." We promise guide on how to locate and ys remember the line from a you that if these steps are fol- an association with such popular movie: "As we get older lowed you will find yourself a p -time money-making ac- and look back over our lives, happier, more emotinally-ful- tivities: Scucess News Newslet- what we tend to regret most are filled and wealthier person in ter. This information is yours not the things we did but the the year ahead simply by writting Law- Tay, things we didn't do." It is the op- - DEVELOP A POS� Inc., P.O. Box 54041, portunity not taken that will EN'l1IUSIASTIC APPROACH Washington, D.C. 20032. The cause us the greatest regret A TO LIFE.. Your attitude is your key point here is that one of your mistake can virtually always be most important tool in the strug- 1989 goals must be to identify an corrected but 'a missed oppor­ gl to build a happy, financiaIJy additional source of income. . tunity is often gone forever. rewarding life. Your attitude - SAVE 1()t1, OF EVERY- Again, DOSOMETHINQ! must be one of expecting tosuc- THING YOU EAltN BY - STRUCTURE YOUR eeed and your enthusiasm must ADOPTING THE FOLLOW- TIME AND· ACTIONS 'IN propel you to take actions which ING PRAcnCE: PAY YOUR- ORDER TO BENEFIT FROM will make that expectation a SELF FlRST. There is no other THE PAST, ENJOY THE reality. Remember this; You way for the average person to PRESENT AND PREPARE tend to g ut of life whatever save on a consistent basis. And FOR THE FUnJRE. Remem- tYou will a pt. If you accept the in order for any savings plan to ber, you can neither'live in the avtrage and the ordinary, that's be meaningful, it must be done past nor the future. You can what you tend to get. A positive on a consistent basis. Note, we only live one day at a time. attitude and enthusiastic ac- . have not yet raised the issue of Ho ver, you must use part of tions will ge you tever you setting financial goals. The th present to learn from the want reason is simple: Regardless of p t and to prepare for the fu- - ASSOCIATE WITH your financial goals you should ture. As a rule of thumb, we BRIGHT, SUCCESS- be consistently Saving 10% of make the following recqmmen­ ORIENTED PEOPLE. Too every dqllar you receive from dation: You should spend (I)% many of us spend our lives lock- your job or business. of your current time and actions ed in draining relationships in - DO SOMETHING. •• working in and enjoying the ich we constantly give more EVEN I F YOU ARE �OT present; 25% preparing for the than we receive. Overtime, such SURE IT'S THE RIGHT future and 15% learning from relationships take their toll by THINGWOO. This is obvious- the past . robbmgus of our creative cner- Iy 0 t most controvers'ial gies. ext to a positive attitude, recommendation. Of course, associating with other success- you should carefully consider oriented people is the most im- your actions to make sure you portant step you can take are dbing the right thing. toward fmanciaI freedom and However, there must always happiness in 1989. Five success- come a time when "thinking, oriented people are worth 2S or- about it" must end and action dinarj- people. Such associa- must begin. We give this advice Investment dvice for the , se -emp oyedperso Q. I reee tly tarted y own b si e in y ho. at Ii aI servica 0 d I iato? J. Wuliams, Louisville, KY. A. It is good that you are con­ cerned about this phase of your business. I would make these suggestions, 6 st, open a money mar fund for ur business' excess cash. The money market . fund wiD give you immediate ac­ cess to your money and pay cur­ rent market interest rates (8.75% to 9%). Secondly, inves­ tigate health insurance and dis­ ability insurance, Now that you are your own. boss it is your responsibility to provide these benefits. Lastly, inquire about retirement planning. An IRA .- SET CLEAR, SPECIFIC GOALS WITH DEADLINES. These goals and deadlines for accomplishing them will give all your actions direction and pur­ pose. would provide you with a tax deduction 0 aU contributions and solid retirement savings for the future. When your business progresses further a 401 (K) or corporate pensi n plan will be your next step. It is advisable to keep things simple at the tart of your business. operations. Q. I ru a not-(or-proDt orgnaizatio . CaD my OI'J m­ lion·u a money markd fUDd? G. Manky, Detroit, ML A. Yes, tax-exempt organiza­ tions (non-profit organizations) can use money markets for their cash management. This will allow your money to obtain market interest rates (8.5% to 9.250/00 as weD as having ready access (check and wire redemp­ tion features) for convenience. joseph D. Phoenix; Jr. is a registered presentative with the investment firm of Phoenix and Associates. 3121842-3067, P.O. Box 496-442, Chicago, Illinois 60649. . Gladys ht Laun _ UDe�or Hair Care PrOducts: &B Super-star G1:= Knight is trying her hand in busi­ with the laun . this month of Knight Nutritional air Care S plements. Thus far, the new venture is com­ ised of 17 hair products,' inc1� shampoo, curl ac­ . tor, aild styling gel A skin-care' and makeup line are t to come. Said Knight's 27-year old daughter Kenya, o handles much of her business, the all-natural base line is "not geared toward the black hair, but we did have the b clc hair in mind when we formulated the product. We Use it." Ironically enough manufacturing for the product is done in Canada (Toronto wbile the main distributor is b in Las Vegas, where . t makes her home, Ac- rding to her daughter, ight has always dreamed of ing her own hair care line, and is aC\Ually a licensed cos- tologist . j ) I Bla Woma Sues Calirornia Lottery And Hi The J pot: A California black woman, Doris Barnett, was � crceived inequi- ties and at the sa time stre gthens GM's existing systems plo k For Redraft or 3 MiUio ing themselves the "Concerned Black yees", a g oup representing everal black workers at General ors, has a petition opposing iiiillion settI�- ment of their ative acti n lawsuit. Calling the terms of the agree-me t "evasive" d not relative to their con­ ce , the group hoping a f eral court judge will grant their petition f a redr . of the original settlement General Motors standing � the settlement, stating that it g:t them the ance to "redresS some perceived inequi­ ties d at the sa time strengtliens G�s existing systems to ure all recei equitable treatment." A hearing on the I matter is �t to set � eight Loss? Wel� former comedian Dick Gregory charges $1,000 per week us weight loss program. The program, en by Gregory, is available at the e purchased in florida's gulf-coast for liars last fa I. Meanwhile, Gregorys's Slim afe Baba- liq .. id diet formula reported sales of abou $2:; million] 1988. usi Brie: The nation's first talking black doll hit the ail-order ketplace last month: The Shining Star Doll which was create\! by Vousette Miller of Fort Washington, MD, stands 25 inches tall and comes with reco ded message that recite poetry as. well as historical profi es of eight p minen black women., ext �eek: A black sculptor ba, les in the Supre�e Court-over rights to life-s d sculptur of homeless family. ... t· I I -I .�