assets
GET RICH QUICK SCHEMES AND YOU
What’s the #1 thing that will protect you from get-rich-quick schemes? Principles. Here are 3 that will lead to a richer life: Patience: Vital for organic growth. Time: Invaluable for experiencing the compound effect. Consistent Action: Daily commitment turns philosophy into results. No magic product trumps these principles. No shiny object shortcuts success. Which timeless…
Read More LACK OF UNDERSTANDING LEADS TO EMOTIONAL RESPONSES
Why do people have such emotional responses to whole life insurance and the Infinite Banking Concept (IBC)? Here’s the #1 reason: A lack of understanding Whole Life Insurance: Misunderstanding the asset IBC: Misunderstanding what it truly is Isn’t it fascinating how a lack of understanding can lead to overly emotional responses? What’s informing my thoughts?…
Read More DECISION-MAKING FRAMEWORKS FOR ASSET PURCHASES
What are some of the biggest challenges you face when making asset purchase decisions? As a real estate investor, using a decision-making framework has helped me navigate numerous investment opportunities. Here’s how I set mine up: 1. I start with the core principles of: Risk mitigation Access to liquidity The amount of control I have…
Read More 6 Financial Asset Principles I Wish I Focused On 20 Years Ago
6 Financial Asset Principles I Wish I Focused On 20 Years Ago If I could go back in time, I would immediately focus on these six principles of financial assets. (I would have kept much more of what I earned if I did). 1. Risk Specifically, I would ask about two aspects of risk when choosing…
Read More