New Book from Manager of Wealth Coming Soon!

New book cover coming soon

Just before the spring home buying season kicks in for 2014 , Manager of Wealth LLC is delivering a new book on Mortgage financing. This Dynamic book Your Mortgage as Your Financial Tool and not Your Financial Burden explains how mortgages work and how to pick the right mortgage and mortgage professional for your mortgage financing needs. Look out for special early promotional specials.

Get your hands on this home buying and refinancing guide at a special discounted price.

Wishing your Wealth Wellness and Wisdom

Manager of Wealth

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The Four Types of Wealth to Leave your Heirs – You are Richer than you Think

You may not consider yourself wealthy but if you are reading this chances are you have more true wealth than you can even imagine.  In addition, you have an opportunity few will ever know, the opportunity to pass on four types of limitless wealth to your heirs.  To pass on this wealth you must be purposeful in the legacy you leave, because if you are not you will pass on poverty and hardship to future generations, even if than is not your intention.

For the purposes of this article let us define wealth as a perpetual passive stream of income that meets all of your needs, most of your wants, and allows you to pass on a legacy of wealth for the next generation. 

Now that we have defined what wealth is let’s discuss the for different types of wealth and how to build them, enjoy them and leave them for the next generation.

The first type of wealth are your CORE Wealth or Human Wealth.

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Core assets are your Values, your Health, your Character, Family, Talents, Habits, Spirituality, and Heritage. It would be impossible for you to be where you are now with out these core assets. Teaching your children how to be happy, healthy, and loving human beings is essential to their prosperity. People who do not enjoy the benefits of being well endowed in these areas rarely find happiness because they are totally disconnected from any core values and family.

The next area of wealth is your Intellectual or Wisdom Assets.

library

This includes your knowledge, Education, Skills, Systems, Ideas, Methods, Experiences, Reputation and Traditions. It is important for the current generation to teach the next generation how they became successful. Most financial wealth comes from systems, methodology, and connections.  People often remark that people from certain families or members of certain groups seem to find success so easy, but that is intellectual wealth in action.  To build this wealth make sure the next generation knows what you know. Write it down and pass it on. Mentor the next generation so they can skip some of the struggle and build on a more firm foundation.  Do not send your heirs out into the world to start for scratch to prove a point. I have seen my community do this with its children and in the end it killed the wealth of the entire family because time, energy and money was wasted because there was no one to carry on the family legacy.

The next type of wealth is Financial Wealth or the Material wealth.

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This includes your Real Estate, Stocks, Bonds, Cash, and other possessions. It is important to note that this type of wealth is just the things not the means to acquire the things. It is because so much focus is placed on this area of wealth that it is said wealth never last more than three generations. Become a student of the wealthy and what they do with their money. Forget about the stock market and all the crazy risk that poor people take. The wealthy use simple income protected and insured method to preserve their well for centuries to come. There are billions of dollars in family trust that can never be squandered because it was built properly.

The last area of Wealth is your Contribution Wealth or Civic/Social Wealth.

oprah giving to charity

This wealth includes your Taxes, Charities, Time/Talents, Family Foundations, and donating your wisdom to others in need.  These good works and giving to the community at large keeps you connected to the wealth of the entire community which ultimately benefits you and your family. Not passing on a tradition of giving and contributing to the community lowers your standing in the community.  Make giving apart of your children’s lives. Attend and support charity events that align with your values. Feed the hungry and cloth the naked. Don’t wait until you have millions, do it right now.

Core wealth, Intellectual wealth, Financial wealth, and Civic wealth put together almost certainly assure a person will have a wealthy life and each area provides an ongoing passive stream of riches that will allow you to meet all of your needs, most of your wants and leave and even greater legacy to the next generation.

Look at the great families in your community and around the country and you will see them operating in all four of these areas. You will see that their wealth is never depleted because they have passed on much more than money.

If you had to give up one area of wealth and keep the other three, it would be wisest to give up the Financial Wealth because with the other three types of wealth you could get your money back in a very short time.

Wishing your Wealth, Wellness and Wisdom

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Mark Fuller Live at The Westin Wealth Breakfast

Mark Fuller lectures on Wealth Building

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Stefan Sagmeister : The Power of Time Off

This is an wonderful idea for recapturing your creativity and peace in your life.

Wishing you Wealth, Wellness and Wisdom

Manager of Wealth

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What Happens When You Begin to draw from your IRA, 401K,403B, or Thrift plan in Retirement

Tony Brayboy discusses the reality of retirement plans and the small amount of spendable income that comes from traditional plans. Mr. Brayboy makes a case for focusing on INCOME instead of Lump Sums.

If you want to understand how to create the income you are looking for start here. Purchase and study this simple $7.00 book.

Go here Now:
Tony Brayboy’s The Big Payback http://readthebigpayback.com/3-matrix/

Wishing you Wealth Wellness and Wisdom

Mark Fuller – Manager of Wealth

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Mark Fuller Live at Bowie State University

Mark Fuller Live at Bowie State University

Income is the Goal not simply Cash Accumulation.

Listen to the lecture below and learn just how important income is to a truly happy life and retirement. If you knew what was shared in this lecture when you were beginning your financial life, you would be well on your way to a more secure future.

Check it out Now:

https://dl.dropboxusercontent.com/u/40561422/Voice0008p.aac

On December 5 2013 Bowie State University invited Mark Fuller of Manager of Wealth LLC to speak to their Freshman students in their Freshman Seminar class. The topic was personal money management and financial responsibility. What grew out of this lecture was a historic conversation between a seasoned financial veteran and several hundred beautiful young Black Minds. Few people in America ever know the truth that was shared at this lecture before they ever make, spend, or invest their first dollar.

I hope this conversation will be both informative and instructive for you and your family. Please share this conversation with the young people in your life.

“Freedom is a road seldom traveled by the multitude” – Fredrick Douglass

Listen Now: https://dl.dropboxusercontent.com/u/40561422/Voice0008p.aac

 

Special Thanks to A. Johnson, and the Bowie State University Career Center and the incredible faculty and  students of BSU

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Watch This – PBS Frontine – The Retirement Gamble

the retirement gamble

http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/

We have built a retirement system that violates the golden rules of investing. For the last three decades people have been investing in nameless faceless companies with great marketing and poor returns. It is time you understand that’s it’s not at what age you retire but at what income.

Click on the link above and watch what’s really going on in America’s retirement system. Don’t worry we are going to talk solutions in the next blog post.

Wishing you Wealth, Wellness and Wisdom

Manager of Wealth

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