Kerry Lutz's--Financial Survival Network

The market has been going up and was heading towards overvaluation, but its recent pullback made things a bit more fairly valued. While this bull is getting long of tooth, that doesn't mean it can't continue to increase and reach new heights. Nobody knows what the future economy is going to look like next week, let alone next month next year. So what's an investor to do? Jeff says it all depends upon your timeframe. If you can stay in for 5 years or more, you have a 75% chance of recovering from any decline. Less time than that and you're taking a big risk. So let's see what happens next. 

Unemployment at all time lows, consumer confidence at all time highs, what could possibly go wrong, go wrong, go wrong? Well according to Charles Nenner, a lot. These are actually contrary indicators that show the economy is close to a peak. If he's right, and there's every reason to believe he is, then there's rough sledding ahead. We may be getting close to a recession. He sees the dollar heading higher shortly, the VIX Index bottoming and higher oil prices ahead. Gold/silver will be turning the corner after the summer. Check out his twitter feed @NennerResearch.

Business schools teach that the most important prerequisite for starting a business is a business plan. Nonsense, says Carl Schramm in Burn the Business Plan, who for a decade headed the most important foundation devoted to entrepreneurship in this country. Microsoft, Apple, Facebook, and Google are just a few of the companies that began without one.

Schramm explains that the importance of a business plan is only one of the many misconceptions about starting a company. Another is the myth of the kid genius—that all entrepreneurs are young software prodigies. In fact, the average entrepreneur is thirty-nine years old and has worked in corporate America for at least a decade. Schramm discusses why people with work experience in corporate America have an advantage as entrepreneurs. For one thing, they often have important contacts in the business world who may be customers for their new service or product. For another, they often have the opportunity to strategize with knowledgeable people and get valuable advice.

Burn the Business Plan tells stories of successful entrepreneurs in a variety of fields. It shows how knowledge, passion, determination, and a willingness to experiment and innovate are vastly more important than financial skill. This is an important, motivating look at true success that dispels the myths and offers invaluable real-world advice on how to achieve your dreams.