Are You Achieving Your Financial Expectations in Life?

It has become painfully obvious that the recovery from the Market Crash in 08/09, one of the worst recessions in our country’s history, is still lingering and has left many Americans in its dust. I am specifically speaking to the many dedicated Stylists and Aestheticians, who have seen their industry go through its own transformation with the giant corporations now in industry leadership positions and ownership of the top four family owned companies: Redken Labs., Matrix Essentials, Sebastian, and Nexus. In addition to a sea change in the way salons and spas are managed, where Independents basically rent space from the owner or landlord, where education is a bygone word, and where loyalty to the everyday Stylists / Aesthetician has now transferred to the bottom line and its stock holders, the future looks dimmer and dimmer.

As someone that started out working in salons in the late sixties, it is easy to observe the many changes that have taken place over the past four to five decades to the detriment of the front line of workers – stylists and aestheticians, who are now scrambling to make ends meet with a completely different model than what they were used to. Bottom line, everyone is on their own today with few exceptions. The salon owner is no longer the one with a vision and the passion necessary to excite their staff, as they are worried about their own financial situation and ensuring that all of their chairs are filled with Independents, who come and go at their will.

Is there a way out of this mess? Time will tell, but from my vantage point and tenure in the industry, I had to find my own way forward, as I could not wait for what could take years to get back on track, if that is even feasible in today’s market.

The foundation for my current career path aligning with the industry that I have known intimately for forty nine years is helping the average Stylist or Aesthetician prepare for the next market crash by utilizing basic principles of “How money works”, and how simple financial principles can build and protect their wealth.

Unfortunately many of us did not receive this type of training or education as we were growing up and are left to market dynamics to help or hinder our future planning. I literally sit with “professional” people that are clueless about how money works and in the process miss out on the ability to properly prepare for their life path, including their retirement. Understand that 38% of Americans have No insurance to cover their basic needs.

 Most Americans don’t have enough life insurance. Many Americans have no life insurance at all. Why? According to research, the most common reason given is that they have competing financial priorities. The second most common reason? They think they can’t afford it.

Here, we take a look at the shocking numbers behind the coverage gap in America and some of the misconceptions that might be causing it to persist.

70 percent of U.S. households with children under 18 would have trouble meeting everyday living expenses within a few months if a primary wage earner were to die today. 4 in 10 households with children under 18 say they would immediately have trouble meeting everyday living expenses.

It is a certain probability that another market crash is coming anywhere from one to three years from now and unless we are fully prepared, can expect to be subjected to whatever the market dictates. In most cases, as was evident from the market crash in 08/09, the average American came out the proverbial loser. We lost our 401(k)’s, IRA’s, and other retirement vehicles, as well as investments and many times, our homes.

In following the financial experts and their expertise, it is chilling to know that something as drastic as the last crash could happen again. The saddest thing is that many of us have not properly educated ourselves on what preventions can be taken to prepare ourselves and family members for such a life threatening catastrophe.

One of the key reasons I am still working at my age, is that the Market Crash of 08/09 wiped out my 401(k), as well as my wife’s. I am blessed in being extremely healthy and able to continue working, but I feel badly for the many Americans that do not have that luxury and the reason many of us continue to plod our way forward, hoping for the best.

One of my articles, “The Death of the Professional Beauty Industry”, found at, supports why I had to find another way to generate income. With a thirty seven year career of managing companies and their sales, marketing, and education departments, I at least had a strong background in managing business. This led me to a shift in mindset and an entry into the financial services arena, where I am now licensed and working for a world class financial services company, whose Mission is to help individuals and their families with financial expertise that lays the foundation for all the things that we plan for in our growth in life: kids, college for the kids, large purchases such as a home, and ultimately retirement.

Unfortunately, without proper planning, it is the old cliché in action – “Fail To Plan, Plan To Fail”, that undermines our success in setting up the finances to meet life head on.

As someone facing the challenge of retirement in today’s economy, using outdated models and methods that made sense at one time, forces a serious discussion for the millions of Americans that have been caught in the market’s cross hairs, as to what to do now, and how planning is critical to avoid the triangulation that the “three leg stool” promises.

The “three-legged stool” is a retirement term from the past that many financial consultants used to describe the three most common sources of retirement income for the average person.  These were: 1) Social Security, 2) Company pensions, and 3) Personal savings.

Times have changed though and so has the three-legged stool. For younger workers, one could say that there still is a three-legged stool, but the legs have changed. In place of company pension programs, most employers have moved towards 401K plans which require workers to defer a portion of their own paycheck into the 401K retirement account. Some employers will match the employee contribution up to a certain percentage, but many current employers are even eliminating the matching program.

So let’s be clear. The old three legged stool model is Broken and does not work as originally intended, as the market dynamics have shifted in major sea changes that are affecting the 99%.

It is obvious that if we evaluate the three legs, starting with Company pensions, this leg is almost gone from the current scene. Today it is up to the Individual to sort out their financial world and to make sense of the complex financial structure that favors the wealthy.

The second leg, Personal savings, doesn’t’ give us much hope as disposable income continues to deteriorate, taking savings out of the equation. People are literally surviving, going check to check in many cases. I recently posted two articles to Face book and Linked In, by reputable news agencies that describe how 2/3’s of Americans cannot come up with either $500 or $ 1,000 to cover an emergency. So personal savings are out the window, as money is used for living expenses primarily. As the world’s largest consumer society, it is evident that the days of spend, spend, spend are gone. What has transpired in the process since the 08/09 downturn is that consumers are now using their credit cards to buy the additional purchases beyond their “salary”, and getting in deeper and deeper debt.

The giant corporations are not getting the message that we cannot purchase all of their production as we once did and they continue to fuel the fire with their bottom line mentality.

The third leg, Social Security, which makes complete sense as a fallback position, is also in trouble, as we now have 78 million Baby Boomers retiring and expecting their SS check. From my research, this widely popular source of retirement income is almost broke, as when it was set up, there were 43 workers for every one retiring. Today there are only 3 for each retiree, causing a massive shift in payments that unless secured by some investment vehicle to populate the fund, will in time run out.

As readers of my Blog articles know, I had a great run in my career path, spanning the past forty eight years, with what I thought was a “bullet proof” retirement plan, utilizing the Three legged stool concept. As we all know from personal experience, the 08/09 Market Crash changed all of that for many of us.

Fortunately, we live in the greatest country on the face of the earth, and I state that point literally, having travelled all over the earth several times over. As an Optimist and a believer in my own ability to continue working, I have tossed out the old three legged stool and replaced it with a whole new paradigm.

Now that I have transitioned into the financial services industry, I feel that my Mission, which is helping the average Stylist or Aesthetician prepare for the next market crash by understanding “How Money works” and how simple financial principles can build and protect their wealth.

My objective in disseminating this information is to alert the average Stylist / Aesthetician on the possibility and probability of another catastrophic event actually happening sometime soon. The information is designed to scare you and wake you up to what is happening to all of us, while we sleep. As individuals, we never had control of this situation and always depended on our elected politicians to make the right decisions. I think it has become more evident as we move forward that our elected officials are more interested in their ideology and personal gain than in our future.

The greatest thing supporting my belief and support of my financial services company is their philosophy and mission to work with the 99% of the population that cannot or do not think of financial planning for their families and future. Financial planning has been typically regulated to the 1% that are wealthy enough to afford a team of financial experts to make their money not only work for them, but also to use the power of these principles for their long term growth, stability and security.

Bottom line, we all need financial direction and guidance, especially in these volatile times. The icing on the cake is that we do not charge service fees for our services. It all starts out with a ten minute presentation that allows you to quickly access if the information presented makes enough sense to take you to the next step in the process. Our second visit is more personal where we meet you at your home or business and overview who we are, what we do and how the benefits of our services can help you short and long term. If there is interest in continuing, we set up a third visit where we dig deeper into the financial information shared with us to start formulating a plan for your future, as well as your families.

My immediate recommendation is to think about the information shared with you and to contact me or someone that can help you formulate a game plan for the rest of your life. It is never too late or too early to start planning for the future, but the earlier in your life you start, your costs and expectations will be a lot less.

PLEASE…… Do Not hesitate on this. NOW is the time to make the necessary adjustments to your lifestyle and finances. Good luck and God Bless the United States of America.

Here is my Call to Action. Contact me for a short conversation to see if our services can make a difference in your financial life. You have nothing to Lose, and everything to Gain.

The Author, James Hobart, has a fifty nine year career behind him, ten in the U.S. Military and forty nine in the Professional Beauty Industry as an industry executive at every level, with certification in hypnotherapy and a Life and Health license. His insight and experience has helped many companies and individuals with their growth and development over the years. His books, Happiness Is Your Birthright, and Salon / Spa Retail – The Lost Revenue Stream, and his Blog:, support his philosophy on life and are practical sources to create positive change throughout one’s life.

His support of the global Wellness movement and its eight dimensional model is defined by a focus on three income streams, Financial Consulting with a world class financial services company, a Certified Hypnotherapist with a practice in Ventura, CA, and a Wellness Coach with the largest Consumer Direct Wellness Marketing Company in North America. More information is available at or





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