[FREE Edition] May Visa Bulletin. Financial awareness month bonus. 'Unshakeable' - Book Review.
'Unshakeable' - Book Review. May Visa Bulletin. Financial awareness month bonus.
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Happy New Year!
Happy New Year to all those celebrating in April! Wishing joy and prosperity to followers of the Hindu, Sikh, Tamil, Telugu, Kannada, Malayalam, Thai, and Bengali calendars as you welcome new beginnings.
Book Review: "Unshakeable" by Tony Robbins
If you know someone moved to USA and aims for financial freedom, share this with them to help them benefit.
Tony Robbins has served as a life coach for numerous prominent individuals in business, sports, and entertainment. His clientele includes names like Bill Clinton, Serena Williams, and Oprah Winfrey.
His impactful initiatives have touched lives across the globe—from embedding empowering programs in over 1,500 schools to delivering the life-sustaining gift of clean water to 100,000 individuals daily in India. Closer to home, his unwavering support ensures that nuns in San Francisco can continue to offer warmth and sustenance through their soup kitchen.
In Tony Robbins' "Unshakeable," we are ushered into the realm of financial wisdom, a world where age-old principles intersect with Robbins' incisive guidance. This book emerges as a lighthouse in the tumultuous seas of financial planning, bringing to light the profound power of compound interest—described by Albert Einstein as the eighth wonder of the world.
This book is not merely a collection of financial advice but a comprehensive blueprint for achieving financial freedom in a new country. Robbins, a renowned life and business strategist, distills complex financial concepts into understandable strategies tailored for those who find themselves suddenly affluent upon their arrival in the USA.
Robbins makes a compelling case for the early and wise investment of our earnings, leveraging the snowballing might of compound interest. Yet, he also tempers this with a warning siren: the paramount importance of safeguarding against loss. Robbins illustrates with unerring clarity that a 50% loss requires a subsequent 100% gain to break even, not merely another 50% increase—a sobering reminder to handle our investments with prudence and care.
Dispelling the myth of high risk for high reward, Robbins introduces us to the strategy of low-risk, high-reward investments. He shares that true financial sagacity lies not in perilous ventures but in seeking undervalued assets that often reveal themselves in the aftermath of market downturns. The aftermath of the 2008 crisis underscores this approach, where the brave and the knowledgeable saw a market rise of approximately 118% following the collapse.
And yet, how does one armor oneself against the inevitable financial storms? Robbins suggests diversification as the shield—a tactical distribution of investments across various asset classes, markets, and currencies to mitigate the risks inherent in market volatility. A proposed strategy of equal parts stocks, bonds, gold, and cash serves as a starting point for those seeking to balance their portfolios against unpredictable fluctuations.
"Unshakeable" does more than instruct; it empowers. Robbins doesn't merely chart the course; he hands you the compass. With his guidance, readers are equipped to navigate the challenges of investment, making informed decisions that pave the way to financial independence and lasting wealth. Robbins’ words are a call to action: to become unshakeable in our financial convictions, to turn knowledge into power, and to take control of our financial destinies. For those yearning to transcend the cycle of fear and desire that so often dictates financial outcomes, "Unshakeable" offers not just strategies but a mindset—a manifesto for the investor seeking not just growth but genuine stability in a turbulent economic landscape.
Key Insights from "Unshakeable"
Avoiding Arrogance: Wealth can easily breed arrogance, which can alienate supportive relationships. Robbins advises maintaining humility to foster genuine connections.
Strategic Spending: The book cautions against the temptations of luxury for show, advocating for spending within means and investing wisely.
Investment Savvy: Robbins outlines how to navigate market fluctuations and avoid impulsive investments that could lead to substantial losses.
Educational Commitment: Emphasizing continuous education in financial matters is crucial, particularly in understanding the U.S. market and tax systems.
Navigating Fees and Expenses: Robbins highlights how hidden fees can erode savings and how low-cost index funds can be a more sustainable investment choice.
Psychological Strength: The psychological impact of financial stress is significant. Robbins provides strategies to manage stress and focus on long-term financial goals.
Seeking Professional Advice: The importance of finding a trustworthy financial advisor who understands an immigrant's unique needs is underscored as essential for sound financial planning.
Why Every Immigrant Should Read "Unshakeable"
"Unshakeable" offers more than just financial advice—it provides a psychological playbook for dealing with the stress and expectations that come with newfound wealth in a foreign land. Robbins empowers readers, to take control of their financial futures and steer clear of common traps that can lead to financial ruin.
For immigrants striving to solidify their economic standing and achieve financial independence, "Unshakeable" is an invaluable resource. Robbins’ expert insights encourage readers to cultivate a disciplined approach to finance that aligns with their long-term aspirations.
Take Action for Your Financial Future
"Unshakeable" is highly recommended to anyone who has moved to the USA and is navigating the complexities of building a prosperous life. This book will guide you through setting up a robust financial foundation that ensures you are well-prepared to face any economic climate.
May Visa Bulletin : No Change
The latest visa bulletin presents a rather stagnant picture, with virtually no progression in dates across the board. In a concise summation: no change. We understand how important these updates are to you, and it's with a heavy heart that we share there's been little to no movement in the visa bulletin this time around. It’s understandably disheartening when expectations for progress aren't met, especially when so much hinges on these developments. The sole exception to this standstill is observed within the category for religious workers, where availability has shifted from previously being unavailable to now being marked at November 1, 2020. The resemblance is striking, leading to a disappointing realization of the lack of advancement in visa processing times.
While this bulletin may not have brought the changes we were hoping for, we encourage you to remain steadfast and hopeful. Hang in there, and let's stay united in the anticipation of more favorable updates in the future.
Bonus - National Financial Literacy Month
In recognition of National Financial Literacy Month this April, SettleWise has decided to convert an essential resource—our previously paid article on Will &Trust —into a complimentary offering for all our subscribers. By granting complimentary access to this vital resource, we aim to contribute meaningfully to the financial education and preparedness of our community.
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If you know someone moved to USA and aims for financial freedom, share this with them to help them benefit.
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