How to Reach Your Goals and Resolutions

“You are never too old to set another goal or to dream a new dream.”
- C.S. Lewis

3D Reach Goals Crossword on white backgroundIf you’re like most people, you’ve already broken your New Year’s Resolutions to exercise more, save more, or lose a bad habit. But don’t despair! No matter what time of year it is, it’s never  too late to make (and keep) a Million Dollar Resolution,  strengthen your Health and Wealth connection,   or make progress towards any achievement that’s important to you.

Setting goals and intentions is an important part of success, and reaching them is even more critical to your results! If you seem to be aiming for success but continuously falling short, there is likely a key step you are missing to help make your dreams a reality.

Today we share 5 steps that will make reaching your goals and creating wealth inevitable! W e are borrowing Kate Phillips’s “AMASS” formula (with her permission), and giving it our Partners4Prosperity spin to help you AMASS more Wealth and Prosperity! Continue reading

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Make a Million Dollar Resolution (Part 3) – Start Building Equity!

“Character is the ability to carry out a good resolution long after the excitement of the moment has passed.”
- Cavett Robert

Resolutions List


Last year we published Parts 1 and 2 of “Make a Million Dollar Resolution,” and today, we continue with Part 3.

The Power of Decisions

The decisions you make today, combined with actions and habits in alignment with your decisions, can add as much as a million dollars or more to your wealth over time. Whether the decision is a New Year’s resolution or made in June or August is irrelevant, but the beginning of a new year is the most popular time for setting new goals and intentions. As Oprah Winfrey says, “Cheers to a New Year and another chance to get it right.” Continue reading


Family Banking 101

“A Family Bank is a strategy to keep wealth in your family and keep it growingfrom generation to generation.”
- The Family Banking Book (forthcoming)

Piggy bank familyThis strategy has been called “Family Banking,” “Private Family Banking,” the “Private Reserve Strategy,” “Infinite Banking,” “Insurance Banking,” and probably a half-dozen other names too.

By whatever name, what we mean by Family Banking is a method of using permanent, high cash value life insurance policies to build a multi-generational “bank.” This Family Bank grows and safeguards dollars while providing opportunities for family members to participate in growing and/or borrowing against the policies. Continue reading


When to File for Social Security Income: How Soon is Too Soon?

“Retirement at sixty-five is ridiculous. When I was sixty-five I still had pimples.”  - George Burns

social security benefitsThe First Baby Boomer

Kathleen Casey-Kirschling was born one second after midnight on January 1, 1946. As such, this retired Maryland teacher has the honor of being our nation’s first symbolic baby boomer. According to a US News and World Report article from January, 2008, Casey-Kirschling was also one of the first boomers to apply for Social Security benefits upon turning 62.

She wasn’t alone! Almost a third of the 2.9 million boomers born in 1946 applied for early benefits in 2008, causing Social Security Commissioner Michael Astrue to dub it America’s “silver tsunami”.

And yet 38% of respondents to a Nationwide Financial Retirement Institute survey owned up to regretting their decision and wishing they had waited until they reached the full retirement age of 66. Why all the remorse? Continue reading

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The Gratitude Study: The Emotion that Raises Net Worth

“Acknowledging the good that you already have in your life is the foundation for all abundance.”
- Eckhart Tolle, A New Earth

New Study Shows How Gratitude Can Help People Save Money!

Saving MoneyIt may come as no surprise that Gratitude is the key to inner wealth… but what effect might it have on our financial wealth?

Glad you asked! According to a recent study published June 2014 in Psychological Science, when people feel grateful, they are more likely to have the patience to save for a higher return on their money.

Northeastern University’s David DeSteno led the inter-disciplinary research project, entitled “Gratitude: A Tool for Reducing Economic Impatience,”  assisted by a professor from Northeastern’s Psychology Department a team member from UC Riverside’s School of Business Administration and another from the Harvard Kennedy School.

In the study, participants were given a classic test of their ability to delay gratification, Continue reading

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Has Kiplinger’s Sold Out?  The Financial Media Bias (Part 2 – The Stock Market and Saving Money)

“Personal finance publications bias their recommendations—either consciously or subconsciously—to favor advertisers.”
– Jonathan Reuter and Eric Zitzewitz, Quarterly Journal of Economics

MisinformationTwo weeks ago, we started a rant inspired by a single issue of Kiplinger’s that I picked up to read on a plane. In Part 1, we exposed the fallacies of the “How Much You Really Need to Retire” article that warned people not to “over-save” for retirement (since surely they can live on 60% of their former income), and faulty advice on “The Best College Savings Plans.” In case you missed it, here’s Part 1 of this series on the financial media bias.

Today, we look at three other highly problematic articles from that one slim Personal Finance magazine.

Hot Stock Gambles – “Top Picks of the Top Pros”

I don’t know about you, but the last time I grabbed something “hot” – I dropped it! And frankly, the picks and even the comments made by some of the money managers are telling. Continue reading