From the category archives:

Mortgage

More Foreclosures Ahead

March 16, 2010

Why They Wish They’d Known What They Didn’t Know

The nation’s economic crisis has affected people’s lives in countless ways – even threatening the roofs over their head.

While millions of families faced foreclosure last year, recent articles reveal that economic experts are predicting continued foreclosures this year:

“Experts fear that a new wave of foreclosures will hit this year as prolonged unemployment makes it difficult for millions of homeowners to pay their mortgages — and many of them aren’t likely to get much help from a federal program aimed at keeping them in their houses.” –The Los Angeles Times

“More than five million households are behind on their mortgages and risk foreclosure. The government’s $75 billion mortgage modification plan has helped only a small slice of them. Consumer advocates, economists and even some banking industry representatives say much more needs to be done.” –The New York Times

It’s true in life that often “we don’t know what we don’t know.” And it’s probably safe to assume many families facing foreclosure didn’t know successful equity optimization strategies that could have helped save them from foreclosure.

Do you know what you don’t know?

Do you know the best way to protect yourself from foreclosure is NOT necessarily to pay off your mortgage as quickly as possible?

Do you know how to take the idle equity in your home and put it to work so it can be safe, liquid and earn a rate of return?

Do you know how this could protect you in economic downturns?

Find out more, and find out now, so you can avoid future regrets.

Isn’t It Time You Became Wealthy?

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Global Warming is a Government Hoax to Steal Your Money

March 7, 2010

Podcast: Download (22.9MB)

This week Doug Andrew discussed the following:

Upcoming Complimentary Webinar

Attend our free 90-minute webinar live over the Internet this coming Tuesday, March 9th 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 “Choosing the Right Investments.” You’ll learn how to maintain liquidity and guarantee safety of principal while earning a healthy, tax-free rate of return that outpaces inflation.

Register now by calling 888-76-Radio (888-767-2346). If operators are busy, please call again.

All attendees receive a bonus hardcover copy of Last Chance Millionaire, Doug Andrew’s New York Times best-selling book.

Global Warming: Another Government Hoax that Threatens Your Finances

It’s becoming increasingly apparent that global warming is global criminal fraud by the government.

This is yet another force making your dollars worth less and your taxes go up.

Lawrence Solomon published an article in the Financial Post entitled “Enjoy the Warmth While it Lasts.” Contrary to what you’ll hear from mainstream media, he posits that global cooling is a much more likely scenario.

As he says:

“Thank your lucky stars to be alive on Earth at this time. Our planet is usually in a deep freeze. The last million years have cycled through Ice Ages that last about 100,000 years each, with warmer slivers of about 10,000 years in between.

“We are in-betweeners, and just barely — we live in (gasp!) year 10,000 or so after the end of the last ice age. But for our good fortune, we might have been born in the next Ice Age.

“…What a great time of technological and cultural advancement we’ve known, one of unprecedented prosperity, human longevity, and human comfort. For a brief period in the 1970s it appeared to some scientists that the climate that had abetted our prosperity had turned — this was the fear of global cooling that then made headlines. Though many now mock those fears of climate cooling, the scientists were eminent and the science was sound — after all, given Earth’s history through the eons, and the passage of 10,000 years since the last ice age, it was hardly outlandish to believe that time of warmth was up.”

Daniel Henninger, in Real Clear Politics, warns that the credibility of science is on the rocks:

“Surely there must have been serious men and women in the hard sciences who at some point worried that their colleagues in the global warming movement were putting at risk the credibility of everyone in science.”

He concludes with this chilling statement:

“If the new ethos is that ‘close-enough’ science is now sufficient to achieve political goals, serious scientists should be under no illusion that politicians will press-gang them into service for future agendas.”

In other words, we the people will pay dearly for the mistakes of “science.”

Protect Your Money

So what should you be doing? You should be protecting your money from taxes and inflation as much as possible.

And to help you choose the right investments, use the LSRR test:

Liquidity

Safety

Rate of Return

Most investments don’t pass these tests, which puts your hard-earned cash at risk.

Only one accumulation vehicle passes all three: maximum-funded, tax-advantaged life insurance contracts.

Meet with a Missed Fortune advisor to learn how to accumulate, access, and transfer your money tax-free.

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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The Power of OPM: How to Leverage Debt Safely & Wisely

January 10, 2010

Podcast: Download (23.0MB)

This week Doug Andrew discussed the following:

Upcoming Complimentary Webinar

Attend our free 90-minute webinar live over the Internet this coming Tuesday, January 12th 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 “Successful Equity Management.” You’ll learn how to maintain liquidity and safety of principal while earning a healthy, tax-free rate of return that outpaces inflation.

Register now by calling 888-76-Radio (888-767-2346). If operators are busy, please call again.

All attendees receive a bonus hardcover copy of Last Chance Millionaire, Doug Andrew’s New York Times best-selling book.

Investors Losing Big with Small Returns

The New York Times recently published an article entitled “At Tiny Rates, Saving Money Costs Investors,” which reports that “millions of Americans are paying a high price for a safe place to put their money: extremely low interest rates on savings accounts and certificates of deposit.”

This is particularly detrimental to the elderly and others on fixed incomes. As the article reports:

“Indeed, after fees are subtracted, inflation is accounted for and taxes are paid, many investors in C.D.’s, government bonds and savings and money market accounts are losing money.”

Of course, the traditional financial services industry will tell you that people need to take higher risks to get better returns.

As the article states, “People who rely on income from such investments for support, however, are being forced to consider new options.”

Unfortunately, most of the options people are considering are misguided and damaging.

Missed Fortune, however, provides the best option: Maximum-funded, tax-advantaged life insurance contracts which provide liquidity, guarantee safety of principle, while still producing a healthy rate of return that outpaces inflation.

Furthermore, with the right equity management strategies many elderly and Baby Boomers can discover financial security with their existing assets.

The Power of Equity Management

While people scramble to recover from the recession and explore new ways to build their retirement funds, many of them are sitting on the answer, but are completely unaware.

That answer is home equity.

Before the recession there was $19 trillion dollars of residential real estate, with about $10 trillion sitting as idle equity and no loans attached. After the recession that dropped to about $17 trillion, with at least $8 trillion unencumbered.

About 60% of this total belongs to Baby Boomers, which represents $4.8 trillion in lazy, idle equity.

However, many people are fearful to leverage equity because they think it increases their risk. While this can be true in certain circumstances, Missed Fortune provides a way for you to decrease your risk by leveraging your equity.

It’s exactly how banks operate. If we could educate more Americans to do this we could turn the economy around without federal stimulus spending.

Register now for our next webinar to learn how to become your own bank and borrow to conserve, not consume. You’ll learn how to safely leverage your home equity, maintain liquidity, and increase your rates of return.

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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How to Avoid Foreclosure with Missed Fortune Equity Management Strategies

November 29, 2009

Podcast: Download (23.0MB)

This week Doug Andrew discussed the following:

Upcoming Complimentary Webinar

Attend our free webinar live over the Internet this coming Tuesday, December 1st at 11:00 a.m. pacific (12:00 mountain, 1:00 central, 2:00 eastern), and again at 6:30 p.m. pacific (7:30 mountain, 8:30 central, 9:30 eastern).

The topic of this webinar is successful home equity management. Doug will show you the best way to get out of debt, pay off your mortage, and make an extra $2.3 million on a $150,000 house in a 30-year period.

Register now by calling 888-76-Radio (888-767-2346).

Just for registering you’ll receive a bonus e-book and audio book on the IRA/401(k) dilemma.

Furthermore, all attendees will receive a bonus hardcover copy of Last Chance Millionaire, Doug Andrew’s New York Times best-selling book.

Just How Safe is Your Fixed Mortgage?

The AARP recently published a story by Carole Fleck entitled “Foreclosure: I Didn’t Think it Could Happen to Me.”

The story reports on the growing foreclosure crisis. It reveals that the crisis is no longer limited to high-risk borrowers; it is now spreading to “middle-income Americans who had fixed-rate loans, among the safest on the market.”

Ms. Fleck reports:

“Widespread job losses and falling household income have changed the nature of the foreclosure explosion. The crisis began nearly two years ago with subprime mortgages offered to borrowers who were poor credit risks, but has now spread to prime fixed-rate loans…one in three mortgages in foreclosure in this year’s second quarter had a fixed rate. During the same period last year, it was one in five.

“In many cases, those homeowners in foreclosure are people who thought it could never happen to them. ‘These are not people living on the edge,’ says Michael Fratantoni, vice president of the MBA’s single-family research division. ‘These are your more conservative homeowners who’ve lost their ability to pay their loans because they’ve lost their jobs.’”

The story continues by sharing just how widespread this problem is and why it will continue through 2010.

Why Missed Fortune Clients Don’t Fear Foreclosure

Everyone who has followed the Missed Fortune strategies for the last 5-10 years hasn’t lost a dime in home equity — even if their home value has gone down. They have liquid cash and are protected from the risk of foreclosure.

This is because they understand how vital it is to secure the following benefits in all financial and investment strategies:

We call this the “LSR” test, and the innovative and secure Missed Fortune strategies help you achieve all three of these with your mortgage.

Riddle: What is this Investment, and Would You Invest in It?

Consider the following investment and ask yourself how much you would invest in it:

You determine the amount and length of time for monthly investments to continue.
You can pay more, but not less than the minimum monthly payment.
If you attempt to pay less, the financial institution keeps all the previous contributions.
The money deposited is not safe from loss of principal.
Each contribution results in less safety.
Your money is not liquid; you can’t get to it when you really need to.
The investment carries a zero percent rate of return.
Your income tax liability increases with every contribution.
When the plan is fully funded no income is paid out to you.

Can you guess what this investment is? It’s your mortgage. Home equity fails all three of the LSR tests — it’s not liquid, it doesn’t guarantee safety of principal, and homeowners rarely realize a rate of return.

Ready to learn how Missed Fortune can change this for your mortgage? Get started now.

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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The $25,000 – $100,000 Mortgage Mistake

November 19, 2009

Doug Andrew was once meeting with three finance professors at a university. The professors were teaching all of their students to get 15-year mortgages.

When Doug asked why they recommended that, their simplistic response was that it saves people money on interest. Then, they reasoned, when the home is paid off they can put the money that was going toward payments into investment vehicles.

Doug quickly showed them why that was a huge mistake. The Missed Fortune formula would actually pay off a home quicker, while saving homeowners anywhere from $25,000 to $100,000 over the long-term depending on the size of their mortgage.

Watch the video below to learn more about this formula and how to avoid the $25,000 mistake.

*If you are getting this feed in RSS or email and cannot see the video, please click on the header to view it on the blog.

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Stock Market Mysteries: Why the Economy’s Down but Stocks are Up

November 15, 2009

Podcast: Download (23.0MB)

This week Doug Andrew discussed the following:

Upcoming Complimentary Webinar

Attend our free webinar live over the Internet this coming Tuesday, November 17th at 11:00 a.m. pacific (12:00 mountain, 1:00 central, 2:00 eastern), and again at 6:30 p.m. pacific (7:30 mountain, 8:30 central, 9:30 eastern).

Don’t miss your chance to understand how to protect your money during this economic crisis and get competitive rates of return during the good years.

Register now by calling 888-76-Radio (888-767-2346).

Just for registering you’ll receive a bonus e-book and audio book on the IRA/401(k) dilemma.

Furthermore, all attendees will receive a bonus 60-page custom financial report, which identifies where you are financially, then illustrates where you could be 15-20 years from now if you implement the Missed Fortune strategies.

Stock Market Mysteries

On November 3rd, Daniel Gross with Newsweek published an article entitled “Stock Market Mysteries.” “If the economy’s stagnant, why are stocks up?” the article asks.

Mr. Gross points out that, although the “S&P 500 has risen 53 percent since the March bottom” and “the economy expanded at a 3.5 percent rate in the third quarter, unemployment is high, incomes are stagnant, and consumers are shaky.”

The article then explains the following reason behind this seeming contradiction:

“For much of the past two years, virtually all growth in economic activity has taken place outside America’s borders. As a result, U.S.-based companies are becoming even more reliant on non-U.S. customers and operations for sales.”

Furthermore, the issue isn’t that we’re exporting goods, but rather that we’re “making goods overseas and selling them overseas.”

So what does it mean for you? It means that we’re still in for hard times in America, regardless of a deceiving rise in the stock market.

It means that the government will continue printing money and raising taxes, which means your money will be worth less in the future and you’ll never be in a lower tax bracket than you’re in today.

So what can you do about it? Harness the power of the Missed Fortune strategies.

You Need a Private Retirement Planning Strategy

You can’t depend on big government to save you. You must act wisely to protect your money from inflation and taxation.

You need a strategy that will give you the following:

Tax-free growth.
Tax-free withdrawal.
Tax-free transfer to your heirs.
Penalty-free liquidity.
Guaranteed safety of principal.
The ability to earn a rate of return when the market goes up, while never losing money when it goes down.

There’s only one place under the IRS code to get all these things, and that’s in a maximum-funded, tax-advantaged cash value life insurance policy.

Get started now with your private retirement planning strategy to take advantage of these exclusive benefits.

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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Don’t Pay Down Your Mortgage?

November 5, 2009

There are a lot of programs to help you pay down your mortgage more quickly than the loan terms specify.

Unfortunately, most of these actually cost you money and time, rather than saving them.

In contrast, Doug Andrew advises clients to keep their mortgage as high as possible. Why? For many reasons, including the following:

It keeps your money liquid and accessible.
It helps you keep your principal safe by protecting you from depreciation.
You can earn a higher rate of return by putting the money that would have gone into extra mortgage payments into investment vehicles.
Most importantly, it gives you lucrative tax advantages.

Many people who have tried to pay down their mortgage principal are now losing their homes to foreclosure. They had no liquidity.

Doug outlines a strategy for paying down your mortgage even sooner, but much safer, than the typical programs.

*If you are getting this feed in RSS or email and cannot see the video, please click on the header to view it on the blog.

Tagged as: Liquidity, Mortgage, safety of principal

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The Quickest, Smartest, & Safest Way to Get Out of Debt

October 18, 2009

Podcast: Download (23.0MB)

Did you miss this week’s show? Doug Andrew discussed the following:

Upcoming Free Webinar

Attend our free webinar live over the Internet this coming Tuesday, October 20th. The event will be held at two times. The first will be at 11 a.m. pacific time (12 p.m. mountain, 1 p.m. central, 2 p.m. eastern), and the second at 6:30 p.m. pacific (7:30 p.m. mountain, 8:30 p.m. central, 9:30 p.m. eastern).

Don’t miss your chance to understand how to protect your money during this economic crisis and get competitive rates of return during the good years. This strategy is called indexing and you need to know all about it. To register call 888-76-Radio (888-767-2346).

Just for registering you’ll receive a free e-book and audio book on the IRA/401(k) dilemma. Admission is free for Missed Fortune Radio subscribers and listeners. All attendees will receive a free copy of Last Chance Millionaire, Doug’s New York Times best-selling book.

The Best Way to Get Out of Debt

Many financial “experts” teach people to pay off their homes as quickly as possible, often recommending a 15-year mortgage. Many programs exist for helping people pay extra mortgage principal.

There’s a much smarter way to do this that will pay off your mortgage quicker and safer. It helps you maintain liquidity and preserve your principal while earning a healthy rate of return.

Rather than pay extra on your mortgage, get the longest mortgage as possible. Pay what you would have paid in principal into a systematic account (attend our next webinar to find out what this account should be).

Based on a conservative rate of return, by doing this you’ll be able to pay off your home two and a half years earlier than the approach outlined by other advisors. Furthermore, on a $150,000 mortgage you’ll have $25,000 left over.

Current Events Commentary: The Dangers of Unionization

The Obama administration and the Democratic congress are pursuing two bills to beef up unions in America. The first is “card check” legislation, which would persuade employees to sign a card to join a union. The second would make health benefits taxable except those of union members.

If they succeed in their goals to strengthen unions and increase union membership, the cost to America will be deep and damaging. We’ll have less innovation and entrepreneurship and more bureaucracy and entitlement.

This adds to the financial storms brewing that you must prepare for.

Free Missed Fortune E-Book: Baby Boomer Blunders

The Problem? 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 free e-book now at www.babyboomerblunders.com.

Tagged as: Debt, Liquidity, Mortgage, safety of principal

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Avoid a $100,000 Loss, Start Optimizing Assets Now!

August 12, 2009

FACT: Every 90 days that go by without implementing the Missed Fortune Asset Optimization Strategies can result in a loss of $100,000 or more in future retirement resources for the average client when tax savings are calculated into the equation.

Why is that?

If you’re feeling a bit skeptical, that’s understandable. The average client who comes to implement the Missed Fortune Asset Optimization, Equity Management, and Wealth Empowerment strategies is skeptical at first, too.

New clients wonder how we can dramatically increase their retirement resources by repositioning assets (often those that have not been optimized) without increasing their outlay one dime.

The fact is, we do it all the time. That’s our unique specialty.

After people see the difference between the “darkness of the night” of their current retirement strategies, versus the “brightness of the day” of the Missed Fortune strategies, they are convinced to get in motion and get it done now.

Since it takes about 90 days on average to complete the True Wealth Transformation unique process, every month-every quarter-that slips by can result in a tremendous loss to precious future retirement resources, due to the time-value of money.

To illustrate, a typical client has some money accumulated in IRAs or 401(k)s that is not being optimized, and most will lose one-third of that value (due to taxes) when they retire and begin to withdraw money.

Many clients also have other non-performing assets such as CDs, money market accounts, and mutual funds that either have low yields, or may be volatile and unpredictable in growth. These accounts are often taxed-as-earned or tax-deferred, rather than being totally tax-free investments.

The average client also has a home worth about $250,000 – $300,000 with at least some equity in that home. Most people are anxious to get their house paid off and be “out of debt,” so they send extra principal payments on their mortgage, or they obtain a 15-year mortgage.

We show them a smarter, quicker way to get out of debt with successful equity management.

As you can see, most people are crawling, walking, or at best, jogging toward the finish line of financial independence, when they could be sprinting with Missed Fortune strategies.

With most clients, we reposition assets (between lump sums and monthly reallocation) during the first five years of their plan, which comes to a total of about $300,000 on average (some clients are substantially more, and some are less).

Over a 30-year period of a client’s life-for example, from age 35 to 65, age 45 to age 75, or age 55 to age 85-$300,000 has the potential of growing tax-free to a nest egg of about $4.4 million.

However, if clients delay starting their plan and that same money is put to work for only 357 months rather than 360 months, the account value at the same point in time down the road would be only about $4.3 million-a difference of $100,000! No big deal you say?

Well, an extra $100,000 can generate $666 a month of tax-free income for the rest of your life-or into perpetuity. And that doesn’t take into account the savings of unnecessary income tax you could realize by employing the Missed Fortune strategies sooner than later.

The greatest question is why wait? If you had a serious disease and could be cured if you saw a specialist sooner than later, would you rearrange your schedule and take off work to get treated?

Many people have a financial illness that we cancure and it’s far better to tend to it sooner than later.

If someone offered you an extra $100,000 if you would take a day off your regular job to work on something else, would you jump at the chance? Missed Fortune is giving you that chance.

Make getting started on your Missed Fortune True Wealth Asset Optimization plan an A-1 priority! It can pay you back with huge dividends in the future!

Tagged as: 401(k), 401(k)s, Asset Optimization, Doug Andrew, Equity Management, IRA, IRAs, Wealth Empowerment

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