Making Money Or Making Up Lost Ground?
Posted on | January 8, 2012 | 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, January 10th 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.
Making Money Safely
From October to January, Doug Andrews applied a formula he’d been given in order to not gain weight during the holiday season.
At the first of the year, Doug was happy to see that his weight had been maintained.
By understanding the ratios and portions and the effect of personal activity on his body’s ability to utilize the carbohydrates and fats, Doug followed the formula and got the desired results.
Moreover, he did this at a time when most people were justifying eating things that are fattening and unhealthy.
This can be likened to how many of us can either follow formulas or follow the crowd when it comes to setting aside money for our future.
When we follow the crowd, we put our money into 401(k)s or IRAs. We tell ourselves we’ll be in a lower tax bracket in the future. We tell ourselves to keep hanging in there with our money in the market, waiting for the average 12% rate of return we were promised.
The reality is that 401(k)s and IRAs deny us liquidity. Our tax liabilities can still increase due to rising taxes and disappearing deductions. And according to DELBAR, most people who put their money in the market have averaged just 3.83% rate of return over the past 2 decades.
But there are proven formulas that allows you to successfully and safely earn a conservative, predictable rate of return averaging 8% net cash on cash. Even during the worst 10-year period since the Great depression—2001 to 2011–this formula has allowed people to double their money, safely and tax-free.
By following a predictable system, they got the results they desired.
Of all the resolutions to make this year, choosing not to follow the crowd any longer, may be the most significant.
This means you don’t continue to put your money into investments that are vulnerable to taxes, inflation or economic uncertainty.
Instead, choose to take charge of your financial future by learning the formulas that allow your money to grow tax-free, to outpace inflation and to remain safe when the market declines.
Two Steps Forward-One Step Back
Many of us remember the childhood game of red-light/green-light. You’d take nine steps forward and then have to take 4 steps back. Your net gain was never as much as you’d have liked it to be.
That stopping and starting sensation is a familiar one to anyone who lost a third or more of their retirement nest egg over the past 10 years. Some years they’d make great gains only to lose spectacularly the next year.
After 10 years of market uncertainty, very few investors have even managed to break even with the amount of money they started out with. Once they were accustomed to earning 6-8%, but now they’re earning just 1-2%.
They’re struggling to make up lost ground and feeling frustrated and hopeless.
Whether you have $150,000 or $1.5 million in an IRA or 401(k), that money isn’t really all yours. Uncle Sam and the state in which you reside will likely claim about one third of that money through taxes when you retire.
When you consider the cost of taxes, fees and the effects of inflation, you’ve taken plenty of steps backwards financially.
Getting different results in the coming year is going to require doing something different than they’ve been doing up to this point.
This is a prime opportunity to get your financial house in order so that you can create predictability in your life and in your financial future. This is how to gain the confidence that you will not outlive your money.
The Missed Fortune strategies can teach you how to accumulate your nest egg, tax-free. That money will distribute tax-free at retirement or any other time you need to access it. And best of all, it transfers to your spouse or children tax-free when you pass.
The only step backward you’ll be taking is the actual cost of the vehicle in which you’re putting your serious money. But you’re still moving nine steps forward for a net of eight steps ahead of where you started.
This is only possible when you counter the three major threats of the next decade:
- Higher taxes
- Inflation
- Market volatility
Learn how to eliminate these dangers and safely and predictably grow your money without having to make up lost ground.
Learn how to make these principles work for you by contacting a Missed Fortune advisor today.
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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