Why you need a Personal System of Financial Growth
The why is easy, if you don?’t then you?’re screwed! Oops, are we supposed to say things like that? Well that?’s exactly what is being said by politicians and high ranking public officials to the American public; just not in those words. We don?’t normally use words like that but we wanted to catch your attention. The fact is if you don?’t implement a personal system of financial growth that will provide for your retirement and future health needs no one else is going to.
This nation?’s people have been educated to work for a living and save for the future. We have been taught to leave the investing of our savings to those who are more educated and can do better managing our money than we can. The Social Security System, corporate and government pension plans and of course Financial Planners are examples of this philosophy. We?’ve already addressed the failure of the Social Security System as well as corporate and government pension plans. Shortly we will explain why investing in stocks, bonds and mutual funds only and ignoring your additional alternatives is problematic at best. But for now let?’s take a moment to focus on the deficiencies of the financial planning industry and the solutions brought by the implementation of a personal system of financial growth based on and education in Alternative Economics?™.
According to most Financial Planning Association?’s (FPA?’s) the financial planning profession was officially born in 1969. This is how most financial planners and FPA?’s (Financial Planning Associations) would describe the industry:
?“Financial planning is the process of wisely managing one?’s finances to achieve certain goals and dreams, while at the same time helping negotiate the financial barriers that inevitably arise in every stage of life. The financial planning profession exists to help people make those financial decisions and achieve their life goals.?”
That sounds fantastic doesn?’t it? But let?’s take a deeper look at how the financial planning profession has veered from this lofty vow to help us achieve our goals and dreams.
Before we do we would like to make a short disclaimer. There are exceptions to every rule. Even though the information we are about to disclose to you is accurate there are some individuals in the financial planning industry who truly advise with their clients best interest in mind. Unfortunately the heredity of the industry education and training often limits the effectiveness of their recommended financial plans still leading to less than desired results despite good intensions.
The Deficiencies of the Financial Planning Industry
According to the National Strategic Investment Corporation, failure of the traditional financial planning industry to produce enduring economic results for the general public is caused by, but not limited to, five observed deficiencies:
1. Financial vehicles such as stocks, bonds, mutual funds, insurance policies and annuities suggested by professionals of the financial planning industry are often chosen more based on the benefit to the financial planner than anticipated gain to the investor. Investments that do not yield a profit to the financial planner are regularly ignored or even spoken against without accurate justification.
2. Special treatment and investment opportunities given to the more affluent (Accredited Investors) leading to an uneven playing field. The Securities and Exchange Commission (SEC) says that an accredited investor is someone who is knowledgeable and sophisticated. Then they proceed to say that you can only be considered knowledgeable and sophisticated if you make $300,000 per year income or have $1,500,000 in assets. (This standard serves only 3% of the nation?’s population). Shouldn?’t knowledge and sophistication be a function of education?
3. Traditional financial planning at the public level does not consider major changes or events that impact the activities of large sections of society. These changes or events often have huge effects on the economy that should be considered to determine asset allocation strategies but are typically left un-mentioned.
4. Most major financial growth principles known to be used by the wealthy, banks and other large companies are almost completely absent from financial planning for the general public. On going, applicable education programs offered to the public to teach financial growth principles using all available strategies are almost unheard of. This is evidence by the need for the Saver Act of 1997 mentioned in the introduction.
5. When known general down terns in the market are expected by financial planners, their clients are often not told to move their investments as they should. On the contrary, they are most often told to, ?“Just ride it out, it will come back up, remember this is a long term investment!?” Motive for this poor advice can be observed by recognizing that financial planners are compensated by moneys under their management despite the benefit to their clients, the investor (YOU).
Conventional wisdom is wrong because it is promoted by the people and businesses that profit greatly from our doing what is good for them ?– not for us.
Below you will learn that one of the elements of a personal system of financial growth is an education process that offers irrefutable alternatives to the traditions we have been brought up to believe. The same traditions that have and will continue to keep us from achieving all that we are capable if we don?’t learn and apply our economic alternatives. This education process is designed to infuse you with the knowledge and sophistication necessary to break our limiting thought process imposed by our social heredity allowing us to make decisions from Reality and not Perception.
Conclusion and reason for a Personal System of Financial Growth based on Alternative Economics?™?…
Alternative Economics?™ is the process of establishing and personally managing a personal system of financial growth to not only achieve desired life goals but achieve them in shorter time than previously thought possible without sacrificing lifestyle now nor taking high risks.
This is accomplished by:
1. Breaking the law of financial heredity through accurate insights and education that disrupt conventional thinking with the introduction of irrefutable alternatives.
2. Identifying and employing assets most Americans are unaware they possess making it possible for anyone to achieve what they desire despite social or economic status.
3. Learning to consciously and consistently apply asset acceleration and growth principles to maximize returns and minimize time necessary to achieve financial goals without taking unnecessary risks.
4. Using group strength of a large social network to negotiate discounted transactions and services from professionals who understand Alternative Economics?™ and the benefits of community strength through numeronics.
5. Reaching beyond the confines of traditional investment options, or what most would consider conventional investing, by engaging in alternative investment strategies.
6. Tapping into reliable economic change information resources to assist in determining proper asset allocation and regularly adjusting investment strategies accordingly.
7. Using creative, private and little known financing options that compliment and maximize results of alternative investment strategies.
Without a Personal system of Financial Growth we are sunk!!!