The Accumulation Trap: Why You Must Keep Your Money Moving!

“I want my money to be like a river, not like a pond.”
- Lisa Sasevich, Inc. 500 business owner

Money TrapWe said in our last article, we’re tired of “investing” being equated with the stock market/ mutual funds! Wall Street is NOT the only option!

We’re equally tired of “wealth” being equated with ACCUMULATION. Accumulation does NOT equal wealth and prosperity!

Financial planning teaches us to “Accumulate first, then Disburse.” Save and invest to accumulate ample assets – generally in a 401(k) and other assets based largely in stocks and mutual funds. Then someday, when you accumulate “enough” money in your accounts, you can stop working, begin the distribution phase, and live off of your assets (or the interest your assets produce.) Continue reading


Life Settlement Investments: Pros and Cons and Facts

“This might be the best investment you’ve never heard of.”
- Kevin Nichols, private equity fund manager

Are You an Investor Seeking Stock Market Alternatives?

Good InvestmentWe think that people are tired of the word “investment” meaning only the stock market. In broker-dealer circles, even “alternative” investments often refers to products within the mutual fund world, such as REITs (Real Estate Investment Trusts that are securities, not property) or mutual funds that invest in precious metals.

By contrast, life insurance is an entirely different beast, based on actuarial math rather than the rising and falling of stocks, funds, and indexes (though NOT classified as an “investment.”) However, there is a life-insurance based investment that has been gaining popularity with many corporate and sophisticated investors: life settlements.

Continue reading

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Tax Scams: Protecting Yourself from IRS Imposters 

“If someone calls you and tells you they are an IRS agent and tries to intimidate you… just be aware that is not what the IRS does, and you need to protect yourself.”
-Chris Anderson, Soulence Tax and Accounting 

Uncle Sam Want's YouChris and Kathy Anderson are accountants on a mission – not just to help clients save on their taxes, but to protect them from tax scams and people posing as the IRS.

Sound far-fetched? It’s not. Chris and Kathy themselves received fraudulent correspondence from “the IRS” three years ago, correspondence that even used the name of a real IRS employee. They dug further and found it was a scam, but a very convincing one.

While tax filing season is limited, tax scams can happen any time of year. And as technology allows scammers to become more sophisticated, it’s not hard to understand how even smart people can be duped into giving away their hard-earned dollars or sensitive information. Continue reading

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Financial Advice for Entrepreneurs:  AVOID Typical Financial Planning to Build Wealth!

“True financial security does not come from the government, corporations, benefits, and entitlements; it comes from within us. Taking responsibility for our wealth leads us to transcend false security to find both true security and freedom.”

- Garrett B. Gunderson, Killing Sacred Cows

Rise AboveWe don’t believe that typical retirement planning works well for anybody, but it’s especially disastrous for business owners and entrepreneurs. Why? A big reason is because typical financial planning focuses on locking up money in a (usually) tax-deductible qualified plan instead of enabling you to use that money to build your business.

Our friend Garrett Gunderson’s advice was recently featured in an excellent article, “The 13 Money Mistakes Most Business Owners Continue to Make.”  We encourage you to read the 13 mistakes in that article, and we wanted to offer our own short list of things that entrepreneurs and business owners SHOULD be doing. Continue reading


Suze Orman: Follow Her Example – Not Her Advice!

“…We place a lot of “stock” in the so-called “experts” and financial celebrities…. Unfortunately what they do and what they say are of two opposing philosophies.”

actions-vs-wordsActions Speak Louder Than Words

It seems that the best advice can be learned not from listening to financial corporations and so-called experts, but by watching what they DO.

Banks put billions of dollars into “BOLI” – bank-owned permanent life insurance  - while advising their customers to put their money into savings accounts and CD’s earning next to nothing. In a recent video from the Palm Beach Letter, a finance insider confessed that many financial gurus and professionals have none of their own dollars in the stock market.

In Suze Orman’s case, there is also a distinct gap between what she advises and the actions she takes – a gap is so wide that one blogger stated she must hate the financial advice she doles out through books and TV! Continue reading


5 Steps to Financial Stress Relief – in Any Circumstance

“Security is mostly a superstition.”
- Helen Keller

Businesswoman meditating on a mound of cashLast week. we published an Independence Day post about how to get free of a job that makes you miserable.

Today, we continue our “freedom” theme with a guest post from Kate Phillips of Total Wealth Coaching. Kate is a financial therapist (she likes to call it “Prosperity Therapy”) who is an expert on financial stress relief.

Five Steps to Free Yourself from Financial Stress NOW!

One of the reasons financial stress affects so many people is that we misunderstand what it IS. One of the myths of financial stress – and there are several – is that financial stress will go away just as soon as our circumstances change… i.e., “Just as soon as I have more money, I will no longer worry about money.”

Occasionally this is true. But more often than not, “enough” becomes a moving target.

When I started helping people conquer financial stress through workshops and coaching, I noticed something very striking… Continue reading

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Should You Work a Job You Hate “Just for the Money”?

In Celebration of True Independence: Finding the Freedom to Do What You Love! 

Get rid of that thoughtEspecially this time of year, there is a lot of talk about “Financial Freedom” and “Financial Independence.” But what do we mean by that?

What is usually meant by Financial Freedom or Independence is that we no longer “have” to work for a living; we are free from reliance on a job. No doubt it is the worthy goal of millions if not billions of people to put themselves in a position where they have enough money, assets, and (especially) cash flow so that they are financially secure for the rest of their lives.

But “freedom” and “independence” aren’t just an amount of money in a 401(k), or even a dollar amount of reliable cash flow. Freedom begins where all things begin – in our minds. Continue reading