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Spending and a NASCAR Limo

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The economy is looking better as we turn the corner to the end of the recession. GDP measures of the economy shrank at an annualized rate to 1%, as opposed to the past two quarters, ending June 2009, which had an average loss of 5% per quarter. So, with this improvement in GDP and the recent rally in the stock market, is the recession over? 

I recently went to the Coldplay concert at the Verizon Wireless Amphitheater. It was sold out and over 20,000 attended the small venue.  All these attendees helped contribute to the spending rate for July.

I was lucky enough to go to the concert in a NASCAR themed limo. This was the talk of the town! As we rode down the freeway, cars pulled up next to us to take pictures of the limo. The theme of the limo, inside and out, is checkered flags and race cars. The next time you need transportation for a group, try this!  Our driver was Tony (and the owner) and is a really great guy. www.CaRacingLimosLA.com. The kids really love the limo and the attention it gets!

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About the author

Sandra Field, MBA, CFP®

Sandra Field, MBA, CFP®

Sandra Field, founder, of Asset Planning Inc. (API), is a Certified Financial Planner and has been an active professional in the financial services industry for over 23 years. She is recently named as one of nation's leading wealth mangers by Bloomberg "Wealth Manager" magazine. 

A Southern California native, Sandra graduated from California State University Long Beach with a Bachelor of Science in Finance and from University of Southern California with a Masters in Business Administration.

Sandra is a member of NAPFA (National Association of Personal Financial Advisors) and the Financial Planning Association. Sandra has served on the board of directors for the Orange County Chapter of FPA. Well respected in the industry, she is a featured financial advisor for the LA Times "Money Makeovers" as well as for the "One On One" column in the Orange County Register. In addition, Sandra serves on the Mutual Fund Panel of Experts for the Orange County Register Newspaper. She is also an active member of the community, serving as past President of the Seal Beach Chamber of Commerce, past Vice President of Finance on the Board of Directors for the American Cancer Society, and past Business Advisor to the City of Seal Beach.

Last but not least, she is a featured speaker at many public and private functions such as AAII (American Association of Individual Investors), Cal State Univ. Long Beach, EWGA and USC. She recently spoke at the WISE (Women In Securities & Education) conference, conducting a live money makeover before 400 women.

Whether she is assisting clients to reach their retirement goals or selecting the right investments for clients, education is at the core of Sandra's philosophy. She emphasizes the importance of developing a relationship with and educating clients, placing the utmost importance on helping them reach their goals, whatever they may be.

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