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Missed Fortune Education

Missed Fortune RadioHard Questions and Solid Answers

Did you miss this week’s show? Doug Andrew answered the following questions on the show:

1) How do you deal with consumer and credit card debt when you are behind?

2) How do you handle creditors?

3) How do you determine between wants and needs?

4) Should I still be charitable during these economic times?

5) When is filing bankruptcy o.k.?

6) At what point is it time to talk to a credit counselor?

7) How do we tell our children about our dire circumstances?

8 ) Is it too late to prepare for economic storms?

9) Should we pay off our debts or mortgage or put our money in savings?

10) What kind of advice should we give our children about careers?

Attend our huge event live or over the internet on June 6th: Don’t miss your chance to understand how to protect your money during this economic crisis but get competitive rate of returns during the good years. This strategy is called indexing and you need to know all about it. Call 888-76-Radio (888-767-2346) to register for our June 6th event in Los Angeles, CA from 11am to 2pm Pacific.  Attend live or over the internet.

New 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 at www.babyboomerblunders.com

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Missed Fortune Radio

We want to welcome new stations to Missed Fortune Radio: KLO1430 in Salt Lake City, Utah, KLVI 560 in Beaumont, Texas,  KJRB 790 in Spokane Washington.

On this week’s show Doug Andrew discussed the following:

Gain perspective on the Trillion dollar bailout and how it effects you.  Two highly predictable facts 1) Your money will never be worth more than it is today 2) Your current tax bracket is probably the lowest tax bracket you will likely ever be in.

How many of you believe taxes will be going up in the future?  You only have three options for retirement.  Get a free book and education kit when you attend an upcoming seminar on the web.  During the last couple of years those following the Missed Fortune strategies did not suffer a loss from their retirement assets.  You can take ownership of your future.

Free consultation and analysis with Missed Fortune. Call 888-76-Radio. Get a free 60 page customized report and experience clarity and new direction. Call for your free copy of Millionaire by Thirty or Last Chance Millionaire.

New 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 at www.babyboomerblunders.com

See Doug Live: Tuesday, May 12 in Salt Lake City, Utah 2009, 6:30 PM - 9:30 PM (Click here to register)

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We began our day with Emron & Harmony’s devotional on family communication and cultivating relationships.

We filled out our worksheets on which relationships we would like to make stronger and how we can do that.

Then we moved on to “communication” and each took turns sharing how and when we best communicate and how we least like to communicate (which inevitably caused us all to pipe up about certain “people” or “situations” within the family communication that are less than savory to us….all in good fun of course ).

After we all got a few good laughs in, the discussion got a bit more focused and we all benefited (as usual) from the discussion.

Most of the clan headed to Fleming beach (the favorite beach for boogie boarding) while Doug and Heather went to scope out Honolua Bay for snorkeling conditions.  It looked pretty good aside from the surf break out on the mouth of the bay so we hiked down and gave it a whirl.

Despite the beautiful weather and the seemingly clear water, the water was actually super murky and we saw only a couple turtles and a few fish.

So we headed back to Flemings Beach to meet up with the rest of the family to catch some waves…which were sooooo big and most people were just being tossed around and gulping salt water!  But the weather was beautiful so we sun bathed and chatted a while.

That evening, we went to Roy’s for dinner (our absolute favorite place) and enjoyed a wonderful dinner followed by the absolutely decadent chocolate soufflé that only Roy’s can whip up!!!  We dive into those so fast it gets brutal.

Aaron & Heather discussed the chapter from The Intentional Family: Simple Rituals to Strengthen Family Ties Andrew Family Retreat w/ a Purpose Day #4, titled “Going Out, and Going Away”  in which we led a discussion on the importance of creating family rituals in going out for little treats or dinner on a somewhat regular basis to create traditions or rituals that members of the family all look forward to, and is a time to come together and bond/ strengthen our relationships with each other.

The Andrew family has several established family rituals of “Going Away” or going on a family trip where much time is devoted to spending time with the family, and strengthening family ties.

This book, The Intentional Family: Simple Rituals to Strengthen Family Ties Andrew Family Retreat w/ a Purpose Day #4, is great and continually discusses the importance of creating rituals within the family, which are meant solely to bring the family closer together rather than further apart as is more often the case as children and family are distracted with sports, clubs, friends, obligations, and interests outside the home that do not involve the whole family.

I have enjoyed reading and discussing the book, and value the importance of these rituals, and would recommend this book to anyone!

Mahalo,

Aaron and Heather

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Aloha from Hawaii! We have enjoyed a wonderful day together as a family. As we do at home, we attended our church service in the morning and then had a wonderful brunch together.

As always, it has been a beautiful day. After brunch we started our morning devotional led by Doug and Sharee. The topic was appreciating your heritage. We discussed the importance of our heritage and lessons and values we have been blessed with through the many generations. We were able to reflect and share our experiences with grandparents and great-grandparents. Our positive focus for the morning was about developing leadership, relationships and creativity. Doug has taught the family many things about taking negative experiences and finding the opportunity in it. We grow through our trials often times much greater than when times are peaceful and at ease.

To keep the kids involved we play a match game. They had to match a spiritual leader to a quote. It helped the kids learn about each of the people.

Today is a day we reserve for spiritual growth and family time. Instead of heading to the beach or swimming in the pool we held a meeting to set our new goals through the clarity experience. Many TEAM members and others are very familiar with this ritual. It helps each family member give more focus for the next two years on what we would like to accomplish. I love it because it is the time I actually get to write down my goals and give them serious thought.

We shared some of our family memories (Remember Whens) and we were able to prepare dinner for everyone.

We hope you enjoy our thoughts!

Emron and Harmony

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Andrew Family Empowered Retreat - Maui, Hawaii - 2009

Aloha! My wife, Sharee, along with our family of six children with spouses, started a tradition several years ago of having a family retreat with a specific purpose (or theme) every six months. Sometimes these retreats are just held in Salt Lake City at our home and other times we meet in Park City, Utah, at our cabin or one of our favorite camping sites.

About 10 years ago, the children voted to hold every fourth retreat (the odd years) during February (to coincide with Sharee our wedding anniversary) in Maui, Hawaii.

The children immediately assumed the responsibility to put the date in their calendars two years in advance and arrange to be off work or miss school so they could attend. They are also accountable to save up (or accumulate air miles or points) to get themselves to Maui each retreat.

Everyone also pitched in and bought three fixed-week time shares at Kahana Falls resort (in additional to the one Sharee and I had purchased more than twenty years ago) for the odd years during the last week of February.

We were able to get the time shares on the resale market inexpensively after conducting a discussion on an earlier retreat about how to purchase time shares on the resale market.  Anyway, we are here in Maui right now with all of our children and grandchildren (except Mindy and Brian and their just-born-baby, Chloe) enjoying our fourth bi-annual Maui Andrew Family Retreat with a Purpose at Kahana Falls.

Inasmuch as many of you have wanted to know what we do on such a retreat, we assigned a member of the family to make a blog entry each day during this week-long excursion. The primary purpose for this retreat is, “To learn how to become an intentional family and lift where you stand.”  The secondary purpose is to, “Learn how to transform disappointing situations in life to positive outcomes and cultivate worthy goals and future vision.”

Our theme this year is: “Faith, hope, charity and love, with an eye single to the glory of God, qualify us for the work we need to do.” In order to help us with these purposes, we selected the following books for reading and study: The Intentional Family: Simple Rituals to Strengthen Family Ties Andrew Family Retreat w/ a Purpose Day #1 by William J. Doherty, and The Majesty of Calmness Andrew Family Retreat w/ a Purpose Day #1 by William George Jordan.

Daily activities include: Snorkeling, zip-lining, biking, hiking, walking/running, body surfing, golfing, activities on the beach, swimming, touring and shopping, sun bathing, racquetball, wally ball (volleyball played in a racquet-ball court), and as always: loving, learning, giving and earning.

Our health goal this year is for everyone to wear Walk-O-Meters (pedometers) and work on increasing our motion to at least 10,000 steps a day, and reducing our calorie intake.

Anyone interested in exercising together gathers together between 6:30 and 7:00 am. Breakfast is eaten by 9:00 am. Then we gather together at 9:00 am for an hour or so for a morning devotional. After family prayer, we spend about 20 minutes discussing one of the core assets in the human quadrant (the northwest quadrant under quadrant living as explained in all of the Missed Fortune books).

Then I (Doug) take about 20 minutes and teach a principle or concept. This year I am taking my family through the 7-Step Process that I call the “Negative Experience Transformer”-how to turn disappointing situations we experience in life into positive outcomes-in other words-turning sad situations into glad situations. Because we have five grandchildren attending this year (ages 9, 8, 5, 18 months, and 12 months), we also spend about 20 minutes doing a children’s game during the family devotional.

We play all day long-usually coordinated together-and then meet at 5:30 for dinner. This year each couple was assigned a dinner to prepare and we decided this year to only eat out one evening.

One of the traditions we started 8 years ago is for each family member to bring three “I Remember When” memories on a jump drive and share them verbally on “their day” at dinnertime. We are compiling these treasured memories (that we always have talked about, but heretofore did not take the time to write down) in our family record of memories. After dinner from 7:00 to 8:00 PM we meet again for an hour for a “family home evening”.  For twenty minutes I teach a segment on family vision and goal cultivation. Then each couple in the family was assigned to teach concepts from a particular chapter in the book, The Intentional Family: Simple Rituals to Strengthen Family Ties Andrew Family Retreat w/ a Purpose Day #1. And we end the meeting with a story for the small children and some dessert.

Sharee and I, and Ashley and her boyfriend, Justin, flew to Maui a day early and had the chance to get some things organized. The remaining family, Mailee and her daughter, Aspen and her friend, Dan; Adrea and Scott and their three children, Avalee, Sadie and Boede; Emron and Harmony and their little boy, Ethan; and Aaron and Heather all arrived last night.

Today was our first “official” full day on Maui. At morning devotional we had some great discussions led by Justin and Ashley about maintaining good health. I took about 30 minutes and talked about the importance of having an attitude of gratitude even when things may go wrong at times. We all took a few minutes and wrote down five positive accomplishments in different areas of our lives that have occurred during the last two years since we last met in Maui. We then orally reported on these positive accomplishments and what we intended to do further with these goals. We then played a great game with the kids and got ready to play for the day. Some went body surfing on Fleming Beach with some unusually large swells, while the rest stayed and relaxed at the pool, exercised and did some turtle and whale watching.

For dinner, Scott and Adrea barbequed some wonderful filet mignon, chicken and fish for and prepared some tasty veggies. After dinner from 7:00 to 8:00 PM we met again and talked about how to become an intentional family by cultivating family rituals and traditions. Mailee and Dan conducted a great discussion on how single parents can create intentional family rituals amid the challenges that face a divorced or widowed parent. We also talked about why goals are more than just a destination and everyone took a few minutes to write down five of their goals for the next two years and then shared them verbally with everyone. It was very enlightening and inspiring to hear what everyone was going to work on during the next year. Mailee and Dan ended the evening with a “story round” involving the children where one person starts a story, builds it to a point and then passes it to the next person. Each person puts their own twist on the story however they wish. With seventeen of us, the story took some pretty wild turns. Day one ended at about 10:00 pm and we were all pretty tuckered out-I think everyone was still on Utah time, so it seemed like 1:00 am. It’s pretty tough trying to doze off with the ocean breeze blowing through the condo and palm trees rustling outside the window, but we managed to lull ourselves to sleep within minutes.

From our Family to yours,

Doug and Sharee

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Thursday we will be sharing a very special presentation with you about something we do regularly as a family.

I was lucky enough to marry into the Andrew family and be a part of “Family Retreats with a Purpose.” And next week we will give you a taste of that so you can duplicate it with your family as you gather together this Christmas Season! One of our favorite parts is sharing our “I Remember When” experiences. Before each trip we all have the responsibility to write down three things we remember most within the family. Here is a sample of one I wrote down a few years ago as we gathered in Hawaii, even now I laugh as I read it. Please enjoy and I encourage you all to do something similar in just a few short weeks! Reserve your Webinar seat now at: https://www1.gotomeeting.com/register/454828174

I remember when I first experienced the Andrew Family Christmas tree extravaganza. Most families that I know dig out a few boxes from the basement and take the sheet off of the Christmas Tree. Not the Andrew family! Putting the tree in its place is a full 42-step process.

By the time most families are done decorating the tree, putting up a garland and hanging up a few wall decorations the Andrew family would still be debating the best angle to get the oversized tree out of the coat closet, a closet which normally would be a prime piece of property in most homes. But since the tree is to fragile to even sneeze around it must only be moved a short distance, thus making a prime closet’s life reduced to only being opened twice a year. After the tree’s angle has been agreed upon, by way of default, six to eight people gather round as if to perform surgery. One person crawls under the tree like a car service repairman.  Two others grab the tree in various grips and locations, making sure that they grab a spot that will not fall apart on them as the tree is relocated. Yet another person is assigned the task, or better yet promoted to “Chief Cloth Scooter.” His objective is to make sure that the over weight tree doesn’t scoot off of the cloth that it has been stored on, preventing any scratches on the wood floor. The other one to three people are in charge of catching the miscellaneous animals, heads and other body parts that fling off the tree as it is literally ripped from the closet. The last person in this laborious tree removal is not just any generic person. This person has to be MaMa Andew! It is essential that MaMa Andrew be involved because no one can shout out phrases of paranoia like her. These phrases consist of “watch out,” “you’re gonna break…,” “slow down,” “my tree!” And she does this all while hopping around and flapping her arms. Once the tree finally pops out it is then quickly hefted over to the only spot it has ever known. At this spot it is then leveled with the right books so that its lopsidedness doesn’t make it tip over. Then “Voila” you’re done with the tree which is 5% of the whole Andrew Family Christmas experience.

Merry Remembering!!!

Scott Reynolds

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What if there were a better way?

What if rather than being left to panic when the market goes south, you could know that you are earning at least a 1, 2, or 3 percent guaranteed rate on your money when the market goes down — this way you don’t lose? And then when the market rebounds, you can immediately make money on the upside?

Let me share a personal story to show you how this is possible.

A couple of years ago, I separated an additional $200,000 of equity from my home through a mortgage. Even though market conditions have caused my house to go down in value by about $200,000 in the last year or so, I feel calm and in control.

Why? Because my equity is not trapped in my house. The $200,000 that I separated is safely earning an average return of about 8 percent, while the mortgage is only costing me 6 percent, and because the mortgage interest is tax-deductible, my net cost is only 4 percent in my tax bracket.

Hence, I am making twice as much in interest (8 percent) as the net interest I’m paying (4 percent) on $200,000 that would no longer be represented as equity if it still were trapped in my house (because of the market downturn).

I place my serious cash (home equity, retirement savings, children’s college funds, etc.) in maximum-funded tax-advantaged insurance contracts in order to maintain liquidity, safety of principal and earn a tax-favored rate of return.

I link the return (that the insurance company is contractually obligated to pay me) to an index, such as the S&P 500 index.

When the S&P goes up, I make money and lock in the gain. Then when the market goes down, I don’t lose — I still receive a 1, 2 or 3 percent guaranteed return.

Then after the market bottoms out and starts to go up again, my beginning point has been reset, so I can start making money again as the market starts to recover.

I don’t have to wait to arrive at a break even point.

To learn how this works and how to choose the safest place for your money, check my blog next week, and I’ll explain this incredible system of indexing in more detail.

Once you learn this, I assure you — you will sleep better at night, even during turbulent times.

Doug Andrew

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Having trouble sleeping these days? You’re not alone.

The week of October 6 – 10 proved to be one of the worst downturns in the stock market in American history. The following Monday, October 13, the market bounced back, realizing a more than 11 percent increase in one single day!

What volatile times we live in, and everyone is talking about it!

During the last few weeks of market turmoil, I was speaking to audiences in Chicago, Illinois; and Miami, Florida; and the Los Angeles, California, area.

I could see it for myself: People across America were feeling confused, isolated and powerless about their finances — especially if they had money invested in the market.

I heard many people exclaim they and/or their friends had panicked during the horrible downturn and had sold their stocks and mutual fund shares — thus locking in their losses.

When the market rebounded on Monday, they were left out and missed an 11 percent one-day upsurge. When things like this happen, remember two things: 1) Don’t follow the herd, and 2) Don’t pay attention to media reports on the herd, because the media is part of the herd.

I am grateful to feel calm during turbulent times. How can anyone feel calm at a time like this, you might ask?! Because of what I know, and what I can share, which gives others:

  1. Direction, so they don’t have to feel confused
  2. Confidence, so they don’t have to feel isolated in their circumstances
  3. Capability, so they don’t have to feel so powerless

Most people don’t know that investing directly in the market isn’t necessarily the best way to create and preserve wealth.

Many people don’t understand that when you have money in the market, a 25 percent loss needs to be followed by a 33 percent gain to come back to a break-even point ($100,000 dropping by 25 percent to $75,000 needs to then experience a 33 percent gain on $75,000 to come back to $100,000).

Likewise, a 50 percent loss needs to be followed by a 100 percent gain to come back to a break-even point.

Both the real estate and stock market are like a person with a yo-yo walking up stairs—the overall market will generally go up over the long-run, but it will experience many ups and downs in the short-run.

What if there were a better way? Please check in next week for the final piece of this blog.

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