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

 

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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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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J.P Morgan to pay 13 Billion dollar fine with Stolen Money

 

Twenty years from now business schools will be teaching a course on How to steal big like J.P Morgan. While news organizations run stories for the largest fine ever paid by a U.S. corporation they are missing out one glaring fact. The U.S taxpayer is about to be paid back with their own money. J.P Morgan defrauded the markets for almost a decade and made hundreds of Billions in Profits and now they are being asked to give a tiny portion of the ill-gotten gain back.

It may be relevant to the issue that Bernie Madoff got 150 years for creating 18 Billion in loses. No one will ever go to jail for the hundreds of Billions J.P Morgan lost because they are better thieves with better lawyers.

Look at what has happened in the last five years and tell me if this isn’t a great lesson in stealing BIG:

1. JPMorgan’s $12 Billion Bailout

By DEALBOOK

http://dealbook.nytimes.com/2008/03/18/jpmorgans-12-billion-bailout/?_r=0

2. Bailed out banks

The Treasury Department has invested about $200 billion in hundreds of banks through its Capital Purchase Program in an effort to prop up capital and support new lending. Here’s a list of the banks that got bailed out.

http://money.cnn.com/news/specials/storysupplement/bankbailout/

3.  Profit Solid, J.P. Morgan Aims to Repay TARP Funds

Robin Sidel    Updated April 17, 2009 12:01 a.m. ET

http://online.wsj.com/news/articles/SB123986615199224399

June 17, 2009, 4:17 pm <!– — Updated: 3:55 pm –>

4.  JPMorgan and 9 Other Banks Repay TARP Money

By DEALBOOK

http://dealbook.nytimes.com/2009/06/17/jpmorgan-repays-treasury-as-tarp-exits-continue/

9. J.P. Morgan Chase & Co. 2009
Rank: 9 (Previous rank: 16) CEO: James Dimon Compare tool: J.P. Morgan Chase & Co. vs. Top 10

http://money.cnn.com/magazines/fortune/fortune500/2010/snapshots/2608.html

5.  5 Highlights From JPMorgan’s 2010 Earnings

Jan 14 2011, 2:19 PM ET

http://www.theatlantic.com/business/archive/2011/01/5-highlights-from-jpmorgans-2010-earnings/69593/

Wall Street Earnings January 13, 2012, 7:21 am  <!– — Updated: 1:00 pm –>

6.  Weak Quarter Weighs on JPMorgan’s 2011 Profit

By BEN PROTESS

http://dealbook.nytimes.com/2012/01/13/jpmorgans-2011-profit-rises-9/

7.  Goldman & JP Are Still Tops—But Dimon Takes a Pay Cut

Jan 16, 2013 12:07 PM EST

http://www.thedailybeast.com/articles/2013/01/16/goldman-sachs-and-jp-morgan-see-profits-surge-in-2012.html

8.  JPMorgan’s $7 Billion In Penalty Payouts Dwarfed By Monstrous Profits (CHARTS)

http://www.huffingtonpost.com/2013/07/31/jpmorgan-7-billion-settlements-fines_n_3683519.html

9.  JPMorgan’s $13 Billion Settlement: Jamie Dimon Is a Colossus No More

By October 24, 2013

http://www.businessweek.com/articles/2013-10-24/jpmorgans-13-billion-settlement-jamie-dimon-is-a-colossus-no-more

If you understand these 10 articles you will understand that this fine will not cost J.P Morgan a dime. When the U.S. tax payers gave J.P Morgan 25 Billion for the bailout we gave them the a five year head start for all of the fines they would later have to pay. These last five years have been the best in J.P Morgan history and 13 Billion is a drop in the bucket.

If more fortune 500 companies took the approach of stealing Billions and paying fines five years later I’m sure they would be more profitable. This is why I know this example will be taught in law schools and business schools around the world.

Wishing Wealth Wellness and Wisdom

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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