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How to create income streams by owning Franchise businesses. With everything that has happened through this pandemic, there has never been a more important time to have multiple streams of income. Owning franchises is often overlooked opportunity. Everyone thinks about food service. But there are many other types that can be extremely profitable. You can even partner up and run some passively or from home. On this recent episode of the podcast I chat with Jon Ostenson who owns multiple franchises and represents over 400 different franchise business models for those who might have an interest.

Today, we're going to talk about how so much of investing in this country has really become corporate welfare. 75% of the S&P 500, are probably mediocre to poor performing companies, yet people are constantly rewarding them with all their investment capital through mutual funds and index funds. What happened to investing in good companies?  Isn't that what investing is supposed to be? Not the lazy approach that says we don't want to do all the hard work it takes to research companies so let's just tell everyone to buy the index and hope for the best. Show resources: wealthforlife.net

Today with talk with Robert Reaburn. Robert's runs the the tactical opportunity strategy we use for our clients. Last year the strategy was up over 40%. We all know past performance does not guarantee future results. But what can we learn for investing in 2020?  Robert share's some great insights.  

What's the point of having money if you are not happy? Today we talk with Sean Webb author of Mind Hacking Happiness. Over the last 20 years, Sean has become one of the world’s leading experts in how the human mind works, particularly in the area of human emotions, the driving force and motivation of all human actions globally. His work is used by universities and engineering firms to teach emotional intelligence, the foundations of artificial emotional intelligence, and his discoveries have proved so effective, that his work is currently being turned into programs to address addiction management and the mitigation of PTSD after early amazing successes within those applications. Get Mind Hacking Happiness on Amazon. (I love the audio version!) Visit Sean's website: Mind Hacking Happiness Some extra cool interviews with Sean here: Bonus Interviews with Sean Webb

Today we talk with attorney Ike Devji who is one of the top asset protection attorneys in the country helping to protect over 6 billion in assets. What is the difference between asset protection and estate planning? What are the top mistakes people make in asset protection? Great info for real estate investors, doctors, business owners and more. Learn more about the strategies: https://wealthforlife.net/2019/12/whats-the-difference-between-asset-protection-and-estate-planning/    

Staying healthy is a big retirement goal. What's the point of having all this money if you are to sick to spend it? Today I interview Tim Terrill of Arcpoint Labs in north Scottsdale. They have over 30,000 lab tests that can identify all kinds of surprising things that can sabotage health. The work with leading doctors, facilities or with you directly. People have been sick for years or even misdiagnosed only to find the root causes through good lab work. We cover a wide range of topic from poisoning to molds to types of cancer and more. Here is the website for Tim and his team: https://www.arcpointlabs.com/scottsdale-north/

Making good financial decisions is hard. Making the wrong financial move, choosing the wrong investments.  Sometimes you can't afford to make mistakes. In world full of different financial advice, this episode will give you a simple framework to make sure you are getting what you need to put yourself on the path to financial security and avoid costly mistakes. Here is the video "Reduce Stock Market Stress" mentioned in the podcast. Have questions? Click here to talk with us.

Is your retirement plan based on one thing happening? The one thing is the stock market going up. Even if you are decades away from retirement, wouldn't it be better to have strategies that work when the market is up down or flat? What if you are 40 years old and you have a market decade like 2000-2010 where the market was flat? Yes, you have time to recover but you lost 10 years of compounding!  What if you are 10 years or less from retirement and the market goes up and down constantly over the next decade? Can you afford to not have your money grow? How about in retirement? Do you have strategies to provide you with income when the markets are not performing? This is the "One Thing" retirement plan many people are stuck with. Market must go up! To be sure markets will go up but will the market timing match your life timing? Wouldn't it be better to have strategies working if the market is up, down or flat?  Strategies to always keep your money compounding even when markets are not performing.  When you do this, you can retire sooner and with more money than you thought. Learn how on this episode of Wealth For Life radio.  Bonus: Tax Bucket Worksheet

Does this sound familiar? You go in to invest and you tell the adviser you don’t want to lose too much and you are not greedy but you want some growth. You fill out a risk tolerance questionnaire. This is basically a form that asks you how much you are comfortable losing. Since you don’t want to lose much you score kinda moderate.You are then allocated into a moderate allocation based on your score and conversations. A year later the market is up 15% and you are only up 6% and you are wondering what went wrong and you are unhappy. You are a Victim of a “Risk Tolerance Questionnaire.” The problem is a risk tolerance is purely emotional. Is it a good idea to invest based on emotional decisions?  Of course not. Yet the industry promotes this model as a tool for investment decision making. I think it is safe to say we all don’t want to lose money right? From recent surveys, most high income investors tend to value safety over growth.   So how do we handle our fears of losing money with a more objective approach so we can get the long term outcomes we want? A better solution: Time Based Allocation focuses on your cash flow needs and getting the performance you desire. How long does it take a market to recover from a crash? 10% Drop - 1.61 years 20% Drop - 2.8 years 30% Drop - 3.6 years 40% Drop - 4.25 years Knowing this can allow for better allocation and the potential for better growth.  You look at your cash flow needs in blocks of time and match to an allocation. How much cash do you need: Cash flow needs in the next 1 to 2 years - allocate to capital preservation Cash flow needs years 2 through 4 - allocate to dividend and income strategies Cash flow needs years 4+ - allocate to opportunity and growth So instead of just automatically moving to lower yield, more conservative strategies based purely on emotion, you plan out your cash flow needs and allocate more based on market fundamentals and real investment strategy. With your cash flow needs covered and a safe foundation set up (including income streams, emergency funds, tax protection, etc.) you have a better framework to deal with the ups and downs  of the market. Volatility can become an opportunity rather than something that stresses you out. And you have a better chance to get the long term performance you are really looking for. If you would like to know how we incorporate this in an overall financial plan you can access the entire suite of Wealth For Life Planning Tools and to no cost for a limited time. ($995 value.) Click here for more info!  

What do you do for income if you lose your job or need to take a few months off? What if you want to retire early? How do you get income then? In this episode we discuss creating income streams from multiple sources and income you can access anytime. You can also download our free e-book "The Successful Professionals Guide To Wealth For Life" at https://wealthforlife.net/

If you're planning on retirement income over $100,000, taxes could be your biggest expense. In the episode we talk about the hidden tax threat facing the upper middle class and how to structure your wealth so you can save a literal fortune.    

What does it take to bulletproof your financial plan and finally feel secure in your retirement?  This podcasts has some answers for you!

We all know fees can add up to a huge amount over time. Should you always just buy low cost ETF portfolios for cheap?  In this episode we discuss the difference between an investment strategy and an income plan. Once you know this you can decide what strategies to use.  We also discuss sequence of returns risk. Here is the handout I mention in the show: http://appreciateothers.com/sequence-of-returns-risk/    Contact me with any questions at 602-326-3435 or denver@wealthforlife.net 

The keys to protecting and preserving your assets when faced with long term care expenses is to know the rules, use them to your advantage and do those things that are allowed.  Here’s one area to know: Prepositioning Couples planning often uses prepositioning to achieve benefits for the person in need while preserving assets for the healthy spouse. This can include things such as: Paying off the mortgage. Paying down or off a vehicle or replacing one. Home repairs and home modifications for care Medicaid friendly annuities Also, having the right tools is essential: Legal documents allow spouses and children to be able to act. Power of attorney - financial Power of attorney - medical Metal health power of attorney Children also need to be actively involved in the process: Know where documents are (including marriage license!) Know what documents will be needed should an application for assistance be necessary Know what the health issues are Know when not to assist in covering expenses Without knowing the rules, poor planning can result in complete liquidation of the marital estate. Experts can not only guide you in the rules but often assist in the process as well.   For more information contact Charles “Mike” Dyer at (602) 254-6008 or visit http://www.dyerferris.com/

When it comes to large expenses, buying a new or used truck can certainly fall into that category. Recently my wife and I bought a new truck and Rob Murray of Peoria Ford was able to help us save over $10,000 on a new truck for sale. He share his best truck buying money saving tips in this episode. You can view all the info here: http://wealthforlife.net/

The market has certainly recovered since the bottom of 2008. Unfortunately, some people missed out on the recovery because they were worried about losing. This is understandable given the roller-coaster of the last 10 years. But, cash sitting on the sidelines is losing potential interest. These are real losses just like market losses. Instead, look for strategies that protect profits and still have steady growth. Call us with any questions at 480-970-5663. For info on top wealth building strategies: download the free ebook we mentioned in the show here: http://wealthforlife.net/profit-protection-high-markets-part-2/

Over the last 14 years the markets have hit all time highs three times: March 2000, July 2007, and roughly where we are at now – June 2014.   What if you had turned 65 and decided to retire in the year 2000? As you’ll see in this video – the market ups and downs forced “Joe” – who had planned to work until age 65 – to work all the way to age 78. You can watch the video here: http://wealthforlife.net/how-the-stock-market-can-make-you-work-an-extra-13-years/ Learn strategies to take your gains off the table and protect what you have from losses. Call us with any questions or to schedule a meeting: 480-970-5663

We have compiled our top economic charts for the start of the second quarter. This should give you a brief over of what direction the economy should go. Check out the charts at http://wealthforlife.net/economy-april-2014-part-2   Or click on the extras section on your phone or ipad app.

Here are the top economic numbers from the first quarter of 2014   In case you missed the headlines, here is brief recap of what has happened with the economy so far in 2014. In the second segment we will go over the economic outlook for the next 12-18 months. 

We know the market operates the way it does. However, we can lose money by just sitting on the sidelines. There are certainly ways to grow your wealth and have protections. Click the link below to get the free eBook we mentioned on the show: “The Successful Professionals Guide to Wealth For Life” http://wealthforlife.net/spguide/ Low cost index funds will have less turnover and trading frequency than other options and will not be impacted as much by high frequency trading.   Insurance products such as indexed universal life and fixed index annuities will also use Index Crediting Strategies that will be insulated from high frequency trading and will also offer protections from market losses.  Watch this video to learn more: http://wealthforlife.net/growing-money-protecting-losses/   Call us any time with questions: 480-970-5663 Or contact us online: http://wealthforlife.net/consultation/ Learn more on a live webinar: http://wealthforlife.net/webinar/