Creating Certainty in An Uncertain Economy
Posted on | August 21, 2011 | No Comments
Podcast: Download (22.9MB)
This week Doug Andrew discussed the following:
Upcoming Free Webinar
Attend our free 90-minute webinar live over the Internet this coming Tuesday, August 23rd at 11:00 a.m. pacific (12:00 p.m. mountain, 1:00 p.m. central, 2:00 p.m. eastern), and again at 6:30 p.m. pacific (7:30 mountain, 8:30 central, 9:30 eastern). The topic is “True Asset and Wealth Optimization.” You’ll learn how to choose the right investments for liquidity, safety, rate of return and tax benefits.
All attendees receive a bonus hardcover copy of Last Chance Millionaire, Doug Andrew’s New York Times best-selling book.
A Crisis of Confidence
The Rasmussen Report recently stated that 9% of Americans rate the economy as good or excellent while 67% say it’s in poor shape. It’s not exactly surprising.
But just 37% of those surveyed by Rasmussen say they have confidence in the stability of the U.S. banking system. That’s down from nearly 68% in the summer of 2008 and is the lowest measure of confidence recorded yet.
At a time when economists and others wonder if the U.S is about to enter another recession, most American believe the recession never ended. Only 13% believe the jobs market is better than it was a year ago while 50% say it’s worse.
It bears repeating that amidst all the talk of the debt ceiling and deficits and economic uncertainty, America does not have a revenue problem. We have a spending problem.
This means we need to aggressively go after ways to raise the revenue that’s being taxed and not raise the taxes.
The Bureau of Labor Statistics recently released data about the state of Wisconsin that shows that during the month of June nearly 18,000 jobs were created. Of those, nearly half of them were in the state of Wisconsin.
In fact, in the last 6 months, nearly 39,000 new jobs were created in the private sector in Wisconsin with nearly 14,100 jobs created in manufacturing. Wisconsin’s non-farm growth is nearly 2 times the national average.
Governor Scott Walker was interviewed by Fox News and asked what the secret is to how he’s turned things around in Wisconsin since he took office in January.
His response:
“We changed the business climate. When we said that Wisconsin is open for business back in January, we meant it. We passed major tort reform and regulatory relief. We reduced the tax burden of job creators, pulled away the state tax on health savings accounts, even created a new economic development corporation to show that when we said Wisconsin is open for business–it wasn’t just a slogan.”
“We didn’t wait 6 months or a year, we did it right away. On top of that, I think the fiscal reforms we put in place: taking a $3.6 billion deficit and turning it into a surplus, those are the things job creators are looking for. They want stability. They want certainty. They’re certainly not seeing it at the federal level, but they’re seeing it in Wisconsin.”
There are two key things that Governor Walker did to stimulate that turnaround.
- He changed the business climate by empowering businesses to create jobs.
- He reduced the tax burden on job creators.
He got government out of the way and that’s why Wisconsin is having success.
When asked what he recommended we do on a national level, Walker suggested the federal government get its fiscal house in order and get out of the way.
The Antidote to Uncertainty: Predictable Systems
If you wish to eliminate the uncertainty in your financial future, you need to learn Missed Fortune strategies that put you solidly in control.
If you’re feeling confused, isolated and powerless because of the economy, you need to learn how to create certainty in your life. Our confidence grows with our certainty.
Imagine knowing how to protect yourself from the danger of taxes going up by using sections of the IRS code that have been around for decades which enable you to accumulate your money safely, predictably and tax free.
Visualize the peace of mind that comes from linking the return on your money to those things that inflate when we experience inflation. It’s no secret that the federal government is printing money to help pay its obligations like Social Security, Medicaid and Medicare.
Even during times of inflation, you’ll still enjoy a rate of return that keeps up with or even outpaces the rate of inflation. But you’ll need to understand the Missed Fortune strategies that make it possible to do so.
When you’re positioned to beat the tax and inflation power curve, your money will be safely hedged against inflation and will remain tax free now and in the future when you need it.
With Missed Fortune strategies, you’ll also learn how to overcome the uncertainty and volatility of the stock markets so you don’t lose when the economy goes down and your money grows when it goes up. It’s called indexing and it’s a way to create the kind of certainty that makes all the difference.
Learn more by meeting with a Missed Fortune advisor.
Bonus Missed Fortune E-Book: Baby Boomer Blunders The average Baby Boomer has less than $50,000 accumulated for retirement (which means many have less than that), primarily due to bad habits and having money invested in the wrong places where economic downturns can diminish their nest egg. Download this e-book now at www.babyboomerblunders.com.
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