True Wealth Concepts doesn’t attempt to correct a flawed strategy; instead, it applies a total paradigm shift when it comes to wealth building. Rather than accepting the financial assumptions we've come to accept, we offer alternative methods, based on proven economic principles, like custom designed Whole Life Insurance accounts.
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The chart below gives an overview of True Wealth Concepts as contrasted with typical financial planning:
True Wealth Concepts
Financial Planning
VS
Meets needs and goals only
Based on limited ideas of "what you can afford."
Pursues wants and dreams
Based on unlimited ideas of "what is possible?"
Minimizes requirements
"How much do I have to save?"
Product-oriented (what you buy)
Focus is primarily on buying certain products.
Focused on rate-of-return
"How much is this earning me?"
Institutions control your money
Put your assets "under management," (and/give control to government.)
Micro (vacuum) based
Focus is on your "portfolio."
Net worth is measurement
A bigger portfolio is the goal.
Retirement oriented
Your reward for work is not working.
Lives only on interest
At mercy of interest rates, with fingers crossed you won't need to use principle.
Money stays still
Assets are accumulated in accounts where they sit, financially "stagnant."
Dollars do only one job
Save separately for emergencies, education, retirement, major purchases. Spend each dollar for one purpose only.
Professional planner is the expert
Finances are represented as something confusing that should be delegated.
Optimizes opportunities
"How else can I build wealth?" mindset.
Strategy-oriented (what you do)
Based on time-tested principle and financial philosophies used to build wealth.
Focused on recovering opportunity cost
Keep more money working for you
You control your money
Maintain responsibility for and access to your assets and funds.
Macro (big picture) based
View your whole personal economy.
Cash flow is measurement
The goal is more money to enjoy each month.
Abundant/Freedom oriented
Enjoy your work and your life - all life long.
Spends and replaces principles
A flexible, sustainable way to live.
Macro (big picture) based
View your whole personal economy.
Money moves
Your personal economy is alive and well; money flows in and out of accounts.
Cash flow is measurement
The goal is more money to enjoy each month.
Dollars do many jobs
Dollars are used for flexible and
multiple purposed
Abundant/Freedom oriented
Enjoy your work and your life - all life long.
Clients are empowered
Money is demystified. Education-based approach builds financial confidence.
True Wealth Concepts: An alternative to "Typical" Financial Planning
True Wealth Concepts is a member of the Prosperity Economics Movement
Did you know the 2016 Dalbar QAIB report shows the average equity mutual fund investor only earned 3.66% over the previous thirty years, while the S&P 500 earned 10.35% ?
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The reason why typical financial planning consistently comes up short, is because it fails to accurately account for several eroding factors, like taxes, trading costs, fees, and human emotion. Along with eroding factors, market indexes, like the S&P 500, have internal factors like share buybacks, substitutions, and market-cap valuations, which inflate the index, but do not result in growth of the investor's portfolio.
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Typical financial planning seems to run on the premise that high risk equals high returns. The definition of risk is "the possibility of loss". So how does higher risk (possibility of loss) equal higher returns?
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In order to maximize one's long term wealth, they must minimize their loss.
Warren Buffet's rule #1: Never lose money.
Warren Buffet's rule #2: Don't forget rule #1.
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True Wealth Concetps offers an alternative path.
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