There is a big misconception in the financial world and by normal consumers that all interest is the same. If you have a 6% mortgage that is the same as having a 6% line of credit. That is not true because just as important as the interest rate is “what kind” of interest are […]
There is an insurance product on the market that is touted by many financial advisors as the “holy grail” of all financial products. It is called Indexed Universal Life or (IUL) and it is a very specifically designed type of life insurance policy. The come on to buy this type of policy is very […]
WITH THE LARGE AGING POPULATION OF BABY BOOMERS CONTINUING DOWN THEIR LIFE’S PATH, LONG TERM CARE AND HOME HEALTH CARE CONTINUE TO BE HUGE CONCERNS
What I find when dealing with clients from all over the country is that very few of them have all their gears working together; this makes for a very unbalanced […]
Cash is an amazing thing and even the sound of the word evokes an all over body tingling to most people.
Cash is an essential part of a solid financial fortress and should be included in your long term financial plan. The old adage is true that “Cash is King” and this is especially true if […]
My last article spoke about the second of seven gears of riches; Investing. The third gear is your Guaranteed Income. Meaning, you need to be able to set your watch by how much money you will be collecting on a monthly basis. Planning for this early can help you avoid working to make up […]
Recently I shared about the 7 Gears of Wealth and focused on the first gear; which is cash flow. There is an old saying among investors that says, “Happiness is a positive cash flow”. If you missed the article, click here to view.
The second gear of wealth is investing. In its simplest form an investment […]
There are 7 essential areas to provide you long term and rock solid wealth. I refer to these 7 essentials as The 7 Gears of Wealth and when they operate in conjunction with each other a powerful stable wealth plan is in place.
These 7 essential area’s are:
Income – income stream from your job […]
The massive baby boomer generation is retiring and preparing to retire by the millions. According to The AARP 8,000 people turn 65 every day in this country. The biggest generation might be ready to retire physically, psychologically, and chronologically, but many are not financially.
I am not talking about the normal conversation of having enough […]
Since the early 1980s, 401(k)s and individual retirement accounts have become the dominant way that workers save for retirement. Yet many workers long for the days of traditional pensions when you could set your watch by how much income you could count on every month after your retired. Many people like that the pension […]
The emphasis put on the stock market can act like a giant magic show, leaving us oblivious to where most of our wealth is eaten up, systematically, month after month. This cannibalization of wealth happens no matter if the stock market is up or down. Let me share with you 4 ways your wealth […]