Archive for category wealth

No Retirement Plan can Out Perform a Solid Marketing Plan

pexels-photo-164652.jpegThe name of the game is Income. It will always be Income. And for those who really understand living the life you dream of it will always be income.

These silly commercials on TV have people thinking all I need to be is a millionaire and their retirement issues are solved. Try retiring with 1 million dollars after leaving a six figure job. If you want to retain the principal and not get crushed by inflation you can’t draw down more than $40,000.00 a year in Income. That’s $40,000.00 before taxes.

The object of the game is to have the same or better income after you retire, and as close to tax-free as possible. Even the excellent savers are going to have a hard time meeting those goals because the mindset, education, and financial instruments being used can’t get you there.

That’s the not so good news but not to worry. I have nothing to sell you.   Right now you need to stop and think about what I’m about to share.

What you need is Income. Stable, abundant, consistent Income.

How do you know that you have enough Income?  It will meet all of your needs, most of your wants, and allows you to leave a tax-free financial legacy for your heirs.

How do you create this income?

You develop a system through testing that allows you to turn 1 dollar into 10 and then 10 into 100, and then scale up.

Let me give you an example. When I first started as a mortgage broker in 2001 I used to cold call everyday and hate it. It was not just the only type mortgage marketing I knew but it was the only type of marketing I could afford. Did I mention I hated it?

Luckily I discovered a better system called direct mail that allowed me to target the right customers with the right marketing piece and best of all I only had to talk to people who were interested.

I tested a mailing campaign with a $1000.00 in direct mail. I closed three loans that generated a net $5000.00 return. I scaled up and started sending out $4,000.00 in direct mail monthly and then $8000.00. That $4,000.00 averaged over $25,000 in revenue and that 8k returned over $60,000.00 per month. In the first 9 years as a mortgage banker we averaged 1 closing every 3 days. This was a system and the system was easy to scale.

Financial advisers are incredible if they can get you a 10 percent return of capital. I can’t give an adviser a thousand dollars and expect a five thousand dollar return consistently. Only business and marketing pays that type of return. The hard part is it requires you to put in whatever time, effort, and money needed to find the right business opportunity to turn into a system.

Everyday people operate in and around systems that can be scaled if only that mindset was present.  Once you have the system and you begin to scale it, you should keep your extra capital in tax-free instruments that stay liquid. Don’t play games in the market with your capital.

Many people think not having enough money is their issue. The truth is not having a solid system to invest and scale their money is the real issue. investing $1000.00 in a great system allowed me to flourish. I have friends with hundreds of thousands who feel stuck on well-paying jobs because they don’t know how to turn those thousands into millions.

 

I see business owners everyday who suffer because they can’t make a business that does 2 million in sales grow to 5 million in sales because they haven’t invested their capital in marketing and customer acquisition, instead they repeat the same performance year after year. At the end of the year they gather their profits and run to their brokers who promptly gets them pitiful profits or losses.

Three Questions to ask:

1. What business do I have insight into that can yield a 5 to 1 or 10 to 1 return?

2. If I don’t have a business and don’t want one , who has a business that yields these types of returns and can I partner with them.

3. Can this system once successful be scaled to be 5 or 10 times greater?

4. What is the amount of Residual Income I need to have in place to be wealthy?

 

Wishing you Wealth, Wellness and Wisdom

Mark

 

 

 

 

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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 that 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 four different types of wealth and how to build them, enjoy them, and leave them for the next generation.

 

CORE Wealth or Human Wealth.

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 without 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.

Holding family meetings around the issues of health and happiness within the family is essential. It should be required attendance that all members of the family attend it the want present and future access to family wealth. If you are not passing along good health then you are passing along sickness. If you are not passing along happiness, then you are passing along imbalance and misery. Leaving money to unhealthy and imbalanced heirs is a waste because they will not have the tools and time to grow  the wealth.

 

Intellectual or Wisdom Assets.

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.   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 from scratch, to prove a point. Starting from scratch on proves what a poor teacher they had. I have seen my community do this with it’s children and in the end it killed the wealth of the entire family. Time, energy and money gets wasted because there is no one trained to carry on the family legacy.

Journaling and manual writing is critical. Recording information on video can also be critical. Share your truth and history. What are the decisions that changed your life for  the better? What poor decisions did you make and recover from?

What systems did you use of invent to create grow? Write it all down and pass it along.

 

Financial Wealth or the Material wealth.

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. 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  methods to preserve their wealth for centuries to come.c

There are billions of dollars in family trust that can never be squandered because it was built properly. You have access to the same tools but you have to put in the time to understand the process. You can’t teach what you  Contribution

 

Contribution Wealth or Civic/Social Wealth.

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. This 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 a part 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.

Studies have found that the number one leisure activity is meeting with tax planners to reduce or eliminate tax burdens. Do you know the difference between a tax deduction and a tax credit? You need to know this to build wealth.

How can serving others help you to become wealthy? Learn and teach.

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 an 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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The Fruits and Vegetables of Proper Personal Finance

A grocery store is a complicated place to shop if you want to truly be healthy and live a long life. More Americans are seeking to preserve their QUALITY of life through better eating and are now coming to understand that their choices in the grocery store must change.  The world of personal finance, wealth building, and retirement planning has the same challenges as shopping in the grocery store. There are lots of good-looking investment and savings options but very few that are actually good for you.  Few will give you the desired outcome which is a long happy life with enough passive income to enjoy your retirement and leave wealth to your heirs.

Below are a few simple rules that will help you be a better consumer of both food and financial products.

Rule 1 for Food

90% of your groceries should be real food from the produce aisle. The more raw food and living food you eat the more real nutrients you will absorb and the better your health will be. 90% of what is in a grocery store is not Food. It is a chemical compound that is packaged in an attractive wrapper but it is not food. Oreos, Twinkies, frosted flakes, spaghetti sauce etc, is not food. Apples ,Oranges, Carrots, Kale, and Bananas are food. If it comes in a package it’s probably not food.

Rule 1 for Finance

90% of all investment produces are prepackaged nightmares that come with too much risk. Avoid as much as possible IRA, 401k, 403b, Thrift savings plans, and mutual funds. These plans are mostly prepackaged garbage with very high hidden fees and lots of market risk. These products can only perform in a raising market but get hit hard every time the market falls. These products are the junk food of the finance world and American baby boomers over consumption of these products produced the greatest bull market in history that took the market to 10000 and beyond. Wipe away all the sales and marketing nonsense and realize that the stock market took off from 1982 to 1999 because baby boomers put all their money in their companies 401k,403b, and thrift savings plans and bought mutual funds. Did I mention that this group has 70% of all of the savings in the country? Over the next decade they will walk away from these products and kill the market for the rest of your lifetime. Avoid these plans and stick to safe products with guaranteed income and favorable tax treatment. You should be investing to create a pension or even multiple pensions. A focus on income and tax reduction is really all you need to understand about planning for retirement. Focus on INCOME!

Rule 2 For Food

Rarely do grocery stores market things that are good for you because they are not sexy. The sexy stuff comes in a fancy package and has a marketing slogan. There is a marketing campaign for every cookie, every toxic chemical in the cleaning aisle, every low sodium TV dinner. If it has a commercial or a mascot and people are buying it avoid it like the plague. When is the last time you saw a commercial for a grape or Kale. You body struggles to break down the things you see commercials for but it absorbs the nutrients out of the real food items.

 

Rule 2 For Finance

If it has a commercial in finance it probably has little to no financial use and too much risk. People are buying their insurance from lizards and Geckos, and dancing bears. They are being sold on the lowest monthly cost without considering what type of coverage they get for that money. That improper coverage leaves them exposed to many risk. They are walking around carrying big Orange Numbers asking “what’s you number.”  The question has never been at what age you retire but at what Income. That big orange number doesn’t tell you how much money you can spend a month and what your tax burden will be.

The best financial products are not marketed on TV. The wealthy use another group  products that are they are safe and unsexy. The wealthy look for income and products with low or no tax.  In addition, they look for companies that have a track record of paying for 100 years or more. It’s hard to make that sexy, but that’s why the wealthy are wealthy.

Rule 3 For Food

Drink lots of Water but not bottled Water

 

About a decade ago the country finally got to the point that it agreed that water is very good for the body. This was a good thing. From that discovery the industry of bottled water took off. People stopped trusting water out of the tap and started carrying water everywhere they went. Grocery stores began to stack bottled water as high as they could and a trend began that shows no sign of slowing down, ever. In fact ,the worst public water gets the more bottled water will be sold. There is just one problem with this and that is that the bottle that holds the water is poisoning the water and that poison can cause cancer. In addition , fresh water loses its’ real value after three days so all the water in a grocery store is dead water, not fresh spring water like the package claims. Great idea but poor execution.

The proper water filters and a system that gives you alkaline water in PBA Free bottles is a simple solution. This truth represents a loss in sales of billions to the bottled water industry and the grocery store so don’t expect to see this anytime soon.

Rule 3 for Finance

Save as much money as you can for retirement but not in retirement plans

Americans have one of the lowest savings rates in the world. That may be because people have seen their savings wiped out over and over again since they started investing in the stock market in the 80s. The S & L crisis, the crash of 1987, the tech bubble 0f 1999, the real estate bubble of 2008, at least once a decade people are getting hit hard and that makes them not want to save. When America was a pension society they saved a lot more. It’s not that saving is wrong but like bottled water it’s the package you wrap your savings in. Why put your savings in the stock market? Why tie your life insurance policy to the stock market? Why play hunches and trends?

We can save in solid tax advantaged , non market exposed products that state the return before we invest. We can use produces that have no exposure to the up and down of the market.  We always move forward no matter what is happening on Wall Street. Three simple questions to ask are, Can I lose Money, What is the guaranteed return, and What is the tax consequence. The answer should be favorable for all three before you invest.

 

Grocery stores and investment firms are big shining beautiful places with options and products laid out all over the place. Knowing which to choose is a matter of a proper education that develops into a sound philosophy. If you haven’t invested in that education then you simply put yourself at risk every time you enter either of these institutions. If you need a place to start try reading a simple text written by author Tony Brayboy called The Big Payback, it’s a short instructional book that’s worth a million dollars .

Here is the link: http://readthebigpayback.com/3-matrix/

Wishing you Wealth, Wellness, and Wisdom

Mark Fuller

Manager of Wealth

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How to Get Revenge on the Stock Market for Stealing your Wealth

 

The pure truth is that you have a 5% chance of retiring with enough money to live well after retirement. To join this 5% of people who are as rear as white elephants you will need a lot of information, great habits, and advice from an exceptionally informed advisor. My advisor in this regard is Tony Brayboy of Matrix Wealth Management and he can help you as he has helped so many wealth seeking people in the past. Get his new book The Big Payback.

Feel free to check out two chapters for free but get this book into your collection now.

Learn what you need to know to become as successful and you dream of being.

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WARNING – There is a New Visa and Mastercard Scam sweeping the Nation

 

 

I just received this message from the C.E.O of one of Maryland’s top lenders. Please take a moment to read and understand this credit card scheme so that you and your family are protected.

Visa / MasterCard FRAUD

 

Verified with Snopes:http://www.snopes.com/crime/warnings/creditcard.asp

 

This is a heads up for everyone regarding the latest in Visa fraud. Royal Bank received this communication about the newest scam. This is happening in the Midwest right now and moving across the country.
This one is pretty slick, since they provide YOU with all the information, except the one piece they want.
Note, the callers do not ask for your card number; they already have it.
This information is worth reading. By understanding how the VISA & MasterCard telephone Credit Card Scam works, you’ll be better prepared to protect yourself. One of our employees was called on Wednesday from ‘VISA’, and I was called on Thursday from ‘MasterCard’.
The scam works like this:
Person calling says – ‘This is (name) and I’m calling from the Security and Fraud Department at VISA. My Badge number is 12460, your card has been flagged for an unusual purchase pattern, and I’m calling to verify. This would be on your VISA card which was issued by (name of bank). Did you purchase an Anti-Telemarketing Device for $497.99 from a marketing company based in Arizona?’ When you say ‘No’, the caller continues with, ‘Then we will be issuing a credit to your account. This is a company we have been watching, and the charges range from $297 to $497, just under the $500 purchase pattern that flags most cards. Before your next statement, the credit will be sent to (gives you your address). Is that correct?’ You say ‘yes’.
The caller continues – ‘I will be starting a Fraud Investigation. If you have any questions, you should call the 1- 800 number listed on the back of your card (1-800-VISA) and ask for Security. You will need to refer to this Control Number. The caller then gives you a 6 digit number. ‘Do you need me to read it again?’
Here’s the IMPORTANT part on how the scam works – The caller then says, ‘I need to verify you are in possession of your card’. He’ll ask you to ‘turn your card over and look for some numbers’. There are 7 numbers; the first 4 are part of your card number, the last 3 are the Security Numbers that verify you are the possessor of the card. These are the numbers you sometimes use to make Internet purchases to prove you have the card. The caller will ask you to read the last 3 numbers to him.After you tell the caller the 3 numbers, he’ll say, ‘That is correct, I just needed to verify that the card has not been lost or stolen, and that you still have your card. Do you have any other questions?’
After you say no, the caller then thanks you and states, ‘Don’t hesitate to call back if you do’, and hangs up. You actually say very little, and they never ask for or tell you the card number. But after we were called on Wednesday, we called back within 20 minutes to ask a question. We were glad we did! The REAL VISA Security Department told us it was a scam and in the last 15 minutes a new purchase of $497.99 was charged to our card. We made a real fraud report and closed the VISA account. VISA is reissuing us a new number. 
What the Scammer wants is the 3-digit PIN number on the back of the card. Don’t give it to them. Instead, tell them you’ll call VISA or Master Card directly for verification of their conversation.
The real VISA told us that they will never ask for anything on the card, as they already know the information, since they issued the card! If you give the Scammer your 3 Digit PIN Number, you think you’re receiving a credit. However, by the time you get your statement you’ll see charges for purchases you didn’t make, and by then it’s almost too late and/or more difficult to actually file a fraud report.
What makes this more remarkable is that on Thursday, I got a call from a ‘Jason Richardson of MasterCard’ with a word-for-word repeat of the VISA Scam.. This time I didn’t let him finish. I hung up! We filed a police report, as instructed by VISA. The police said they are taking several of these reports daily! They also urged us to tell everybody we know that this scam is happening. I dealt with a similar situation this morning, with the caller telling me that $3,097 had been charged to my account for plane tickets to Spain, and so on through the above routine..
It appears that this Is a very active scam, and evidently quite successful…
Pass this on to all your family and friends.

 Wishing you Wealth, Wellness, and Wisdom

Mark Fuller – Manager of Wealth

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Eddie Obeng: Smart failure for a fast-changing world

http://www.ted.com/talks/eddie_obeng_smart_failure_for_a_fast_changing_world.html?source=facebook#.UMb9rFpZR-x.facebook

Enjoy this highly energetic lecture about smart failure and how the world has changed. It will make you question what set of rules are governing your decisions.

Think it’s not against the law ,Yet!

Wishing you Wealth Wellness and Wisdom

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Mark Fuller, Manager of Wealth

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Larry Smith: Why you will fail to have a great career

When I say I love this Ted Talk I am not overstating. If I ever think of not pursuing the life I want I get myself together by watching this video and focusing on my goals. Save this video you will need it in days to come.
Become what you were meant to become or live with the regret. It’s easier to be what you were put here to be!

Wishing you Wealth, Wellness, and Wisdom

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Mark Fuller – Manager of Wealth

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