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If what you thought to be true turned out not to be true, when would you want to know about it?
Most Americans scrape by paycheck to paycheck and never accumulate enough funds in retirement accounts to support themselves. They will end up relying on Government programs and may have to substantially cut back on their standard of living throughout retirement.
Is this what you want in your financial life? You’ve heard the saying, “those who fail to plan, plan to fail.” However, what if the PLAN that most people are using is incorrect or misguided? Then, even those who do some planning may not make it.
Only about 5% of Americans will accumulate a comfortable level of wealth. Why is that? It seems that the 5% know something that the other 95% do not. They know the rules of money! Do you?
If 95% of Americans are not accumulating wealth and 5% do, why do most of us listen to the 95% when they espouse “conventional wisdom”? Ever heard these?
None of us know everything. There are things that we know we know, things we know about, and things we have no idea are out there (knowledge that we are not aware of at this time). We call this the blind spot.
Did you know that the average person will lose more money unknowingly and unnecessarily through transfers of wealth than they will ever accumulate in a retirement account? Take a look at the Circle of Wealth video below to get a better understanding of this concept.
“If you only have a hammer, you tend to see every problem as a nail,”
Have you ever spoken with a financial advisor and gotten the feeling that he was trying to push you to buy a certain product? Maybe it was a life insurance salesperson, someone who specializes in annuities; or maybe it was even a fee-only financial planner who only recommends no load mutual funds (that he can charge a fee for managing). Wouldn’t you like to know what is best for you?
If I could send you to play a round of golf at the Masters, golf’s most prestigious event, and I gave you two choices:
Which would you choose? Of course, you would choose the ability. The swing is much more valuable than the club. Check out this next video on Club v/s Swing to help understand how you should approach your financial situation.
Your kids are ready for college, are you? Watch this video concerning the costs of college and funding. WATCH>>
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Do you want to know the full story about qualified plans (401(k), IRA, etc.)? Watch this video, and you will know more about 401(k)'s than most financial professionals. WATCH>>
Is life insurance a good place to put your money? How much do you need? After watching this video, you will know more about Life Insurance than most financial professionals. WATCH>>
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