Faith is not always enough to Save the Day: sometimes re-evaluating how we approach things is necessary.
There is a famous saying: if it’s not broke, don’t fix it. Sounds logical doesn’t it?! However, when applied to our finances or business success that point of view can sometimes lead to complacency. That, as anyone knows, can spell out a slow and painful death of all we have worked hard to achieve.
People are so busy that they don’t take time to look around them and really notice what is happening to their financial health, life, money, retirement, assets, and taxes!
Looking outside of our current list of advisors can sometimes yield unexpected results. In addition, if we begin to edge a little further out and explore some new ways of thinking or approaching an old subject something amazing can happen. We can find that what we needed was sitting here all along.
You want advisers that have a VESTED interested in your financial health and are in it to win it with a win / win playing field.
I have a long term friend of mine, whom I consider family, has elderly parents with failing health, the bills have been piling up, and their attorney has instructed them to keep their assets in their names, and let their children fight over the assets upon their death. Why do you think that is?? It is simply because the attorney will earn more money for himself by letting the assets go through probate upon their deaths, and then the heirs will be left with not only the pain of losing their parents, but the pain of paying the estate taxes, probate tax, and losing the things that they grew up with.
How to turn that corner is often the hardest step to make. It means acknowledging that what has worked so well in our wealth building journey for so long no longer has the horsepower to work. It means acknowledging that our financial education is a little rusty, and our long-held goal of financial independence is slowly slipping away,
In fact, financial freedom may have completely gone off the tracks. Avoidance of this fact is easy in the short term. Unfortunately in the long term, it will mean that our retirement has often been eaten up by shoring up our current situation or our hard won assets are now at risk. Not such a pretty picture is it.
However, there is a point of view – a skill set – available to everyone who believes their family, business, retirement, assets, tax planning and every other aspect of their lives is worth protecting. It is when you recognize that you need help and that help can come in the form of an advisor or wealth building coach. If you think of any successful sports person or team, wealthy person or business you know they have at least one top-notch coach they can depend upon. You can have the same level of commitment as well.
Try looking around for the coach (and their approach) that will work best for you. Look at their references, past track record and important information that backs up all their claims. For instance, if they talk about saving money on taxes: just how much have they saved and can they prove it? How do they protect assets? What is their proposal for long term financial health for you and your family? Is it customized to YOU personally? Is it able to be implemented? Will your advisers be able to support it, and does the IRC and laws of the nation we live in support it?! All of these things are very important when choosing the right wealth building coach for you.
And now I would like to invite you to claim your Free CD at www.masterywealthtips.com From Gabby Huguenin, – A Wealth Builder, Accredited Investor, in Northern Idaho
www.wealthbuildingdna.com
You can talk live with Gabby and Tim McGilberry CPA by calling 888-888-3612 or email: gabbysupport@gmail.com or support@wealthclasses.com
http://www.wealthbuildingdna.com/blog/building-financial-freedom/0/0/money-taxes-assets-what-are-we-doing-to-prepare-to-rely-on-ourselves-in-this-financial-climate
