Could Some Debt Actually Create Wealth

Could Some Debt Actually Create Wealth

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 you paying and how is it calculated?Most mortgages in the United States are financed with fully … [Read more...]

The Life Insurance Policy That Is a Ticking Time Bomb!

The Life Insurance Policy That Is a Ticking Time Bomb!

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 slick and allures many people (especially high income people) fall prey to the … [Read more...]

Will Long Term Care Expenses Consume Your Estate?

Will Long Term Care Expenses Consume Your Estate?

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 effort to grow wealth.  Without these gears working conjointly your … [Read more...]

Cash is Still King for Chances at Big Earnings

Cash is Still King for Chances at Big Earnings

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 that cash is used to buy distressed assets at a huge discount.  The longer the sales … [Read more...]

Guaranteed Income – Planning Early Could Help You Avoid Working in Retirement

Guaranteed Income – Planning Early Could Help You Avoid Working in Retirement

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 an income gap while you are retired.When I study people with successful retirements … [Read more...]

Investing – One Gear in Your Financial Machine

Investing – One Gear in Your Financial Machine

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 is a place to put money where the money can grow, lose value, or … [Read more...]

7 Essentials to Long Term Solid Wealth

7 Essentials to Long Term Solid Wealth

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 and/or business Investments - this is considered any place you put … [Read more...]

For a Prosperous Retirement Master the 4 Phases of Wealth

For a Prosperous Retirement Master the 4 Phases of Wealth

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 money to retire and that … [Read more...]

How To Turn Your 401k or IRA Into a Paycheck Machine for Life

How To Turn Your 401k or IRA Into a Paycheck Machine for Life

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 fund (if it did as promised) would pay them and their … [Read more...]

4 Ways Your Wealth Is Hijacked

4 Ways Your Wealth Is Hijacked

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 is hijacked; and you might not even be aware. Almost Nothing Else Is So Certain The … [Read more...]

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