TIME TESTED MONEY PRINCIPLES FOR A RETIREMENT YOU CAN BANK ON
The 5 Money Myths
“The 5 Money Myths” program teaches clients unique wealth building strategies only known by few. These strategies are based on time tested financial principles used by the wealthy, including former U.S. presidents and industry icons.
It is one of the top, proven programs for protecting your retirement. These strategies ensure that our clients’ financial safety, liquidity and potential are secured.
MYTH #1: YOU WILL GET AROUND TO SAVING LATER
THE TRUTH: Parkingson’s Law rules, so we have to play the money game backwards by paying ourselves first and spending with a purpose. This means you must start saving, in the correct savings vehicle, as soon as you can!
MYTH #2: WE SHOULD WEATHER THE UPS AND DOWNS OF THE MARKET.
THE TRUTH: We need to understand the impact of loss to our investment accounts, we need to understand the Money Value of Time™ and we need to follow Warren Buffet’s number one rule of investing – “Never lose money”.
MYTH #3: WE SHOULD PAY FOR EVERYTHING WITH CASH.
THE TRUTH: Banks and large corporations have had this figured out for years. We need to learn how to bank on ourselves and win the interest game by earning rather than losing interest on all of our large purchases. For the majority of us the opportunity cost of not doing so is in the $100,000’s over our lifetimes.
MYTH #4: DEFER TAXES EVERY CHANCE YOU GET.
THE TRUTH: Sometimes it makes more sense to pay taxes now. We don’t know where taxes are going to be in the future, and we need at least one tax-free savings plan to mitigate this uncertainty.
MYTH #5: ONLY THE WEALTHY CAN ACHIEVE ALL OF THIS.
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5 Wealth Management
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding paying any local, state, or federal taxes. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.