How Do We Create Wealth?

How do we create wealth in today’s society?

Do you ever wonder how the rich get richer?

It is a very uncomfortable topic. Most people do not understand the concept of the vehicle that can work for anyone, not just the rich. This may be a surprise to you.

It’s called CASH VALUE LIFE INSURANCE!  You can deny it all you want but it is a fact. Just ask Warren Buffett, Bill Gates, and Ben Bernanke. Buffett put a billion and a half dollar policy into the Gates Foundation and nearly doubled his money, tax-free.

The media makes it look like it’s just a contribution of wealth to the Gates Foundation; however, this is how wealth breeds wealth in simple terms.

Not to fret. Most of us are under-educated in just how a plan like that works only because it’s not generally taught to us. While it is important to have a variety of investment type vehicles, why not utilize a plan that can give you growth, reduce your future taxes and allow you to use your money for the rest of your life? There is more. It gives you Liquidity and you can leave money tax-free to your family, charity or business.

Fact or Fiction:

Did you know insurance is one of the SAFEST places you can put your money?

Fact! If the government fails, insurance companies will still survive.

We are taught to put our money in the most volatile of situations including government plans or, even an extremely low growth plan like a cd, short-term bond, money market or bank account.

 Living in the “When I Have More” and “I Can’t Afford To” mentality doesn’t work. We actually CAN create a better future for ourselves financially. I’m here to help. Are you ready? Join me at Blend2Day.com

Your Financial Relationship 

Have you ever thought about your relationship to finances? Understanding why you either hang on or always need more can be circumstantial or situational from an event that created your relationship to the money. 

Mine comes from a circumstance of being financially victimized. This led me to help people understand that there is more to securing your financial future than “deferred tax income streams,” which can vanish. 

Emotion: Money is not about finances. It’s about emotions. Money is strongly connected to our emotions. An emotion can take you on a spending spree or an earning spree. It can make you decide to spend it all because you “deserve it” or to save everything and “sacrifice.” 

Situational: Look back at a time when you were forced to do something financially that you didn’t want to do. It can be anything good or bad. This can be a trigger that subconsciously leads you to financial success or destruction. 

Circumstantial: How we approach money, how we think about money and how we handle money can be directly attached to a family, adult or childhood circumstance. 

Elation: A large sum of money comes your way. You feel comfort and joy, and all is right again. Why is it that the first thing many of us do is to go purchase a new car that immediately loses value the second it leaves the lot? 

FEAR: Some believe that money is the cause of all of our problems. Don’t be afraid. Money creates CHOICE, FREEDOM, and SECURITY. 

The Truth: We all should take a look and find our trigger. Plan to have several buckets to dip into for your future. Tax-free guaranteed lifetime income is one that will provide for you in the event that you run out of money. You will never run out of INCOME! 

Building Financial Support Systems

As women, it is extremely important to build our personal financial support systems. There is an emphasis on making or saving money, but it’s important to understand other options that can provide your life with a system of financial support in joy, circumstance or an unexpected event.

Let’s look at these as examples:

Continue reading “Building Financial Support Systems”

Are You Your Own CFO?

Being a Chief Financial Officer for a business is one thing. But are you the CFO for your future?

We have to take a leadership role in our financial house. If you don’t do it, who will? As women business owners, we statistically put our needs last. Not to fret. Here are some ideas to get the ball rolling.

Continue reading “Are You Your Own CFO?”

What is Your Money Mode?

What is Your Money Mode?

You work hard for your money. You have plans and dreams for now and for your future. Sometimes we are so busy generating revenue that we do not think about how we can preserve it or use it to ensure we have a solid financial future. Let’s look at your money mode.  Continue reading “What is Your Money Mode?”

Crazy $exy Money 

Can money be sexy? This is all about the CRAZY, the SEXY and the MONEY.

Celebrate this, ladies! We can make it, save it, spend it, invest it and enjoy it. One of the greatest gifts today is the freedom to be as creative as we want and make money doing the things that we love. Isn’t that CRAZY?

The fact that we can do business in a home office and not have to live the traditional regimen of 8-5, 9-6 or 10-7 is fascinating. Think about it. Even if some of you have a traditional work lifestyle, there are options trending that are making it more lifestyle friendly. Having a business that is lifestyle friendly? I call that SEXY!

Now that we’re clear that we are all crazy and sexy let’s talk about the money. Times are changing and it is important now more than ever to start understanding the changes coming. There will be market adjustments. Your money is subject to losses and fees. Now is the time to at least look at creating that lower risk bucket. The key is looking at your future goals and plans.

In reality, more money will be needed at retirement. Would you rather live with less money or what you’re accustomed to? Many assume less. LIFE Happens. Think about it.

What if you could actually take 10 percent of your annual income today and invest in a 10-year plan that will reduce future taxes, provide protection in a health emergency and grow with compound interest, not subject to loss with lifetime income attached? Would you do it?

The wave of your financial future is here. Let me educate you on a system that could be life-changing for you. That’s Crazy $exy MONEY for you!

The Power of 10

With so much conversation about money and ideas on what and where to put it, do you ever just want to ask the question, can you HELP me?

Then we start talking about it to friends and now as a group, we are all the expert.  Sometimes with everyone acting as the expert sharing what they thought did or didn’t work, has now become more like the old game we played as kids called “Telephone.”  The words passed from ear-to-ear change and ultimately the information is incorrect. We may hear about someone’s unfortunate outcome with an annuity. When the person was actually put into a plan that wasn’t correct for them in the first place. They only know the pain of their particular experience. After hearing all of this you now become mentally paralyzed.  In reality, there are some great annuities that will pay you for the rest of your life and can be transferred to a beneficiary:  Win-Win.

Example: An income of $100,000

How about that saying of putting 10 percent of your money away annually for retirement?  Let’s put away $833 a month for the next ten years.  It almost seems unattainable. First reaction, “Oh my gosh, are you kidding me?”

Now if I say to you, let’s create a plan for ten years based on your income of $100,000 and fund it with $10,000 annually with guarantees that you will not only have growth capped, meaning that there will be a ceiling and a floor so that you never lose principle. Growth is compound and guaranteed; one that will offer you a larger amount to pull from in case of an emergency, will reduce future taxes and pay you a tax-free income for life. WHAT WOULD YOU SAY?

We need multiple streams of income going forward. Are you ready?

 

Your Financial Sandcastle

Your Financial Sandcastle

Is your financial sandcastle sturdy or is it washing away? I had the pleasure hearing Michael Bernard
Beckwith, founder of Agape, speak about goals using a sandcastle analogy. It made me think of how we as a population can be that way with our finances.

It is time to take innovative action with regard to our finances, especially this new year 2017. There are actions that were taken before the election that will be game changers as we, as a country, move forward.   Continue reading “Your Financial Sandcastle”

Winning or Losing?

By Lu Casillas

Are we as women winning or losing in our financial house? Realistically as women we are making more money than ever before. We have made strides over the decades creating our own businesses and surpassing that glass ceiling. One thing that is getting overlooked in most cases ( statistically)  is the FUTURE.

If you had a magical ball and could see your financial future what would it look like?

Those that follow me have heard me speak about women wearing several hats.

Examples;

parent,child,babysitter,at home doctor,therapist,healer,listener,shopper,chef,housekeeper,animal sitter,caregiver,chauffeur…

This refers to what we as women handle on a daily, weekly, monthly or yearly basis. What is happening to us as we age gracefully? We have increased our income. However our children & parents are aging.

Some of you are the “Sandwich Generation” taking care of aging parents and parenting children.

Some are taking early retirement and allowing someone referred by your company to put all of that money at risk because your company doesn’t want fiduciary liability for the outcome of potential losses.

Some may be dealing with a career as well as being the caregiver for a parent. How do we juggle this without financial help?

It has been written that women are actually at risk for future financial danger! Isn’t it time to alleviate this risk? Retirement healthcare costs average $130,000 per person! This could be devastating.

How do we WIN in this game of life? It is crucial these days to be open to what is working that you are not being told enough about.

I am an advocate for Living Benefits and not all are created equally. These products can be a financial life saver. Insured products are your safety net. Don’t be afraid, Be PROACTIVE. Today we have tools that provide what yesterday’s tools cannot provide.