Hope for your financial life and beyond

This Smith and Wesson Stock Chart Reveals Our Biggest Fear

Smith and Wesson stock is reaching heights never seen before in the history of the company. The stock price closed at $29.07 on Friday, just 30 cents shy of it’s all time high. However, that alone doesn’t tell the whole story.

Smith and Wesson stock has been tracing higher for the last five years. As you can see from the stock chart below, on Sept. 26, 2011, it traded at $2.52. If you would have bought then, you’d be looking at a 1,053 percent increase. Not bad for a five-year investment.

smith and wesson stock

Chart courtesy of Morningstar.com

The bulk of the rise in the stock price has occurred since January of 2015. Since that time Smith and Wesson stock has risen from around $10 per share to what we see today. Again, not a bad return for a year and a half investment.

So what’s driving the stock price? Well, in the most basic of investment world terms, it’s company sales. Just a few weeks ago the company announced fourth quarter sales of $221.1 million. That figure was an increase of 22.2% over the fourth quarter of last year.

So the company is growing by selling more of its product. Those sales are leading to increased profits and a healthier company balance sheet. Investors are taking notice and more are purchasing the stock for their portfolios (hence the rise in Smith and Wesson stock price).

“But what’s driving sales?” you might be asking. Well, in case you don’t know Smith and Wesson manufactures and sells firearm products and accessories. That’s right…it’s a gun company.

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The Most Important Reason You Do Not Worry About Tomorrow

You’ve probably heard it said at some point, “Hey, do not worry about tomorrow. Focus on today and let the future take care of itself.” That’s not bad advice really. The older I get the more I’m realizing why.

do not worry about tomorrowWe all have things that affect our daily actions. Things we’ve done in the past affect us in the present. Things we are doing in the present affect us in the present. And believe it or not, things that we will do in the future affect us in the present even though they haven’t happened yet.

You may be thinking, “How could that possibly be if those events have yet to occur?” Well, it’s not the event per se that affects us. It’s how we think about those yet-to-happen events and how they lead us to worry about them.

Of those three time lines – past, present and future – I think the future one has the greatest potential to stop us in our tracks. Here’s how.

Why You Do Not Worry About Tomorrow

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Fighting the Battle of the Bulge, the Bustle and the Bling in 2016

I’ve come to realize there are three big battles I fight like the plague. They are tenacious, hounding me like the Bumpuses’ dogs after a Christmas turkey. There’s no way around them. Inevitably I’ll continue to fight the battle of the bulge, the battle of the bustle and the battle of the bling again this year.

battle of the bulgeI don’t think I’m alone either. I do enough surfing around the net to know better. So I draw a little comfort in knowing I’m not alone when I see other people lamenting about what has become my ongoing battles with:

  1. A healthy lifestyle,
  2. A hectic lifestyle, and
  3. A materialistic lifestyle.

I doubt I’ll ever gain total victory over these three relentless monsters. But I have to keep fighting. Otherwise they will overtake me and I’ll be completely undone.

The Battle of the Bulge

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How to Eat, Drink and Be Merry the Right Way (Luke 12:13-21)

Hidden Nuggets Series #98 – “And I will say to my soul, ‘Soul, you have many goods laid up for many years; take your ease; eat, drink and be merry.” – Luke 12:19

eat drink and be merry“Eat, drink and be merry for tomorrow we die” is a popular refrain you may have felt or expressed at some point in your life. If you are like me maybe you said it as a joke when you were downing a pint of ice cream swirled with chocolate sauce. As some in recent years have expressed, “You only live once, right?”

Truth is there is great seriousness in the statement and the consequences of adopting this attitude are serious.

There are two basic elements to the “eat, drink and be merry” philosophy towards life:

1) we are all going to die, sooner rather than later and…

2) since #1 is true, then we should live for the moment, enjoying whatever pleasures we can.

But the issue goes even deeper than those two concepts. When we opt for the eat, drink and be merry philosophy we are choosing laziness, neglect of our responsibilities and a forfeiture of the future. We are resting on what we have accomplished and counting on that to sustain us indefinitely.

You may not know the phrase has its origins in the Bible, taken from a story Jesus told of a rich fool.

The Parable of the Rich Fool

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With God All Things Are Possible – Even Saving Rich People

Hidden Nuggets Series #96 – “But Jesus looked at them and said to them, ‘With men this is impossible, but with God all things are possible.” – Matthew 19:26

On one occasion in the Bible a rich young ruler approached Jesus with a very serious question. The man asked Jesus what he must do to inherit eternal life. After a brief back and forth exchange Jesus had this final answer for him:

“If you want to be perfect, go, sell what you have and give to the poor, and you will have treasure in heaven; and come follow me.” (Matthew 19:21)

with god all things are possibleIt’s easy to misinterpret what Jesus was saying to the young man. He was not saying that owning possessions in and of itself is bad. Nor was he saying that a person can buy their way into heaven.

He also wasn’t saying that we all have to give up our wealth to enter heaven. And he certainly was not saying that God favors the poor over the rich. God looks upon all people with equal value regardless of their financial status.

Jesus knew something about this particular man though…something that was keeping him from inheriting eternal life. The man’s reaction to Jesus’ final instruction reveals exactly what it was.

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7 Popular Work at Home Schemes and How to Spot Them

You open your email one morning and there it is ­– the most enticing, perfect job offer you’ve ever seen.“Be part of one of America’s fastest growing industries. Earn thousands of dollars a month…and you can work at home!” the ad reads.

The best part is the job will require very little work.

Work at home scamsIt sounds too good to be true.

Well, you might actually want to slow down for just a minute. How do you really know that job offer is legit? There are many work-at-home schemes that entice people with huge promises. In fact, some work-at-home offers are illegal and could land you in potential trouble should you participate.

Since that is the case, it would be wise for you to know the most popular work-at-home schemes and how to identify if that job offer really is a scam.

Popular Work At Home Schemes

According to the Federal Trade Commission (FTC) and the Federal Bureau of Investigation (FBI), these job offers have been identified as the most common work-at-home schemes:

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What to Do If Your Wallet or Purse Is Stolen

“My wallet’s gone!”

thief stealing purseAren’t those words horrifying to even think about. There have been several instances in my life when I truly thought my wallet had been stolen. Those moments filled me with such fear and anxiety I could hardly think straight.

Of course the initial reaction is to panic as your mind starts ticking off all the items that might leave you financially vulnerable. Information like credit card numbers, social security card, driver’s license and home address could be exposed and make you at risk to identity theft.

What I realized is that I needed to keep my head…panicking didn’t help. I thought through where I had been and retraced my steps. In each of my situations I eventually found my wallet and life returned to normal.

However, if you are able to confirm that your wallet or purse has indeed been stolen, take these steps immediately to protect your financial assets and limit your exposure to identity theft.

Your Wallet/Purse is Gone…Now What?

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How to Protect Your Child From Identity Theft

Most adults realize the dangers of identity theft and take reasonable steps to protect themselves. However, did you know that child identity theft is a growing problem? In fact, The Center for Identity at the University of Texas at Austin estimates that a child is 35 times more likely to have their information stolen than an adult.

So why is a child’s identity so attractive to a thief?

3 Reasons Children Are Targets For Identity Theft

identity theft cartoonFor starters ­a child’s Social Security Number (SSN) is clean. The chance to obtain an untainted SSN that has no credit history or credit problems is very attractive. It is significantly easier for a thief to combine a child’s unused SSN with a new name and address.

Another issue is that securing a child’s SSN is also much easier. In many circumstances the culprit ends up being a family member or another person known by the family.

Social security numbers can be found in public spaces such as a doctor’s office, school, and on forms at athletic recreational leagues, clubs or other organizations. We’d like to trust the workers at those locations who set eyes on the forms that contain our kid’s information but some have used their position to gain access to SSNs.

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4 Big Mistakes of My 20s That Affected My Net Worth

What if?

We all ask that at some point. It’s a reflective question about the past. What might have been if the events or actions in our rear view mirror had proceeded in a different fashion? Just cue the Back to the Future trilogy to see how that turned out for Marty and George McFly.

net worthIn the absence of a time machine we can’t change what has happened. So it does little good to dwell on it to the point of regret. However, our past is the best teacher for the future. The victories we achieved and the mistakes we endured help us to make thoughtful and wise decisions going forward.

We make mistakes all the time but more so in our youth. This happens for many reasons but mostly because we lack experience, have a difficult time envisioning the future and have a limited sense of our own vulnerability. Arrogance, self-promotion and a live-for-the-moment mentality are all more characteristic of the young than they are the old.

As I reflect on the decade of my 20s I see many mistakes in all facets of life. These are the four that set me back financially and contributed negatively to the growth of my net worth.

Discontinuing Skill Development

All I could see after four years of high school, four years of college and three plus years of graduate work was that the end of school had come. I was sick of school and was done with learning.

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6 Shocking Things Your Broke Friends Need to Hear You Say

If you’ve ever gotten into conversations with broke friends about money, you know how hard it is to determine if they actually want your help. There are ways to figure that out and perhaps lead your discussion to deeper levels. If that happens, you’ll learn more about your friend’s financial struggles and perhaps be able to offer some counsel.

The counsel part is when it gets really tough. If you’ve had success with money, you know what has to be done…

broke friendsChange your habits.

Spend less.

Save more.

Follow a budget.

Get out of debt.

Invest, invest, and invest some more.

But your broke friends might not want to listen or hear any of that.

When someone is in a heap of financial trouble there are reasons for that trouble. Those reasons could be diverse. However, more than likely they result from lack of knowledge and poor behaviors/decisions.

When our way of life becomes ingrained – in other words, normal and acceptable to us – we really don’t want to hear ways to live differently. We have your set routines and way of thinking. The more we practice the same things over and over the less likely it will be for use to break out of the mold and see things differently.

Even in the realm of money.

In order to break through and see outside the box, we either have to experience severe pain, be faced with a crisis or be shocked by someone or something. We don’t simply wake up one morning and say “I think I’ll change all my habits today.”

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Why You Should Never Discount Success When Others Praise You

Have you ever received praise from someone because of a great personal success and then downplayed why that success came? In other words, do you discount or make excuses for personal achievements when people applaud you? I find myself continually tempted to do this even though I know it’s damaging.

woman receiving an award Last month I had my most successful day and month ever on this blog…more page views and revenue than I realistically thought possible considering what I’m doing. When my wife complimented me on a job well done I assumed my best Floyd Mayweather stance and went into defensive mode.

“Well, if it hadn’t been for this and this and this then…”

“It really wasn’t anything I did, it was because…”

“It was just one month…I don’t think it will carry over.”

I sucked her praise right out of the air.

I didn’t accept it.

I didn’t acknowledge it.

Instead I downplayed it and swatted away her alley-oop praise pass.

Why Do We Act This Way?

You’d think we would relish the chance to be recognized for worthy achievements. I love awards and a pat on the back as much as the next guy. But why do we become a downer in the moments immediately after receiving praise for a success?

Perhaps it’s because…

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