Retirement – PowerPassionProsperity.Com

They Did NOT Do That Did They? by WJ Vincent II

WJ Vincent II — Wed, 11 Aug 2021 00:15:15 +0000

They Did Not Do That Did They? by WJ Vincent II

The Speakers At The Second Day Of Our Event…
After the action packed first day of the Financial Freedom Summit 2021 even an average day two would have been just fine. They did NOT do that though, instead the speakers of Day Two Absolutely ROCKED It!!!

Emily Williams Spoke First
Emily Williams shared some incredibly powerful information about Money Mindset. She talked about so many things that are vitally important to a person’s long-term financial success. She gave concrete examples, amazing quotes, and incredible nuggets of information throughout. This is a woman who built her own 7 figure business in 18 months. Her knowledge on the subject is unquestionable, and she did NOT disappoint!

Chris Koopman Was The Second Speaker
He did not just do his usual, instead he took the subject matter to another level. Chris Koopman was on fire. His specialty is taking complex topics, and making them simple to understand. He broke down a lifetime of financial advice in just one session. Anyone paying attention should understand what they need to be thinking about, and considering in order to be better off financially. Chris doesn’t just teach holistic finance, he lives it, and boy oh boy did it show!

Jerry Fetta Closed The Day
Jerry did what Jerry often does. He delivered a staggering amount of information in a short period of time. He talked about the myriad of ways he has utilized different strategies and techniques to be financially independent at THIRTY YEARS OF AGE! That’s right ladies and gentlemen…Jerry is financially independent at THIRTY! So you better listen up, because he teaches the same things that he uses in his business and life. He was a resounding powerhouse of a close to an all around unforgettable two days of training. Thanks to Jerry, and all the other speakers for pouring their hearts out to make everybody better!

Financial Freedom Summit 2021
It isn’t too late, anyone that registers will get access to a Recording of the event. Even though you didn’t attend the event live, you will still get access to the Free and Special Gifts. The price may not be here long, but if you want to see how amazing the speakers were, then click the link below!

This $297 event is discounted to only $97 right now. You can learn more about the event and get access to the Recording of the Event by clicking the link below:

FINANCIAL FREEDOM SUMMIT REGISTRATION

Here’s to Empowering your dreams, Igniting Your Passion, and Accelerating Your Prosperity!

Sincerely,

WJ Vincent II

www.PowerPassionProsperity.com

Podcast on iTunes

Podcast on Spotify (Android)

Please join our FREE FaceBook (PowerPassionProsperity or TriplePLife) Fan page and share with us how we are doing and what content you would like to learn more about. Also leave us a comment about what steps you are taking right now to achieve your own TRIPLEPLIFE. The show features one of our listeners each week. We would love to share your story about how the PPP is changing your life. Our team and Dr. Jay will work hard to personally respond to each one of your comments!

The post They Did NOT Do That Did They? by WJ Vincent II appeared first on PowerPassionProsperity.Com.

First Day Craziness by WJ Vincent II

WJ Vincent II — Wed, 04 Aug 2021 19:33:19 +0000

First Day Craziness by WJ Vincent II

What An Absolutely Crazy Day Yesterday Was
When Dr. Jay LaGuardia began talking about putting together a Financial Freedom Summit in 2021 it sounded good. All of us can use opportunities to expand our “Financial IQ” so to speak. Personally I had no idea how many brilliant speakers he was going to be able to put together. Yesterday was the first day of a two day event and the knowledge drop was virtually UNprecedented! On top of the amazing knowledge, both speakers we had offered up some incredible GIFTS Some of them FREE to all the attendees of the event.

Dr. Janice Spoke First
Dr. Janice spoke first, and she shared some powerful information. She talked about her firsthand experiences with helping a BioTech company raise money and grow into a Multi-Billion dollar massive success. She covered money mindset, visualization, and so many other powerful pieces of information. All attendees, will be getting access to her Ebook 50 Traits of success and a couple other amazing things.

Garrett Gunderson Closed The Day
Garrett Gunderson finished the day off and boy oh boy did he deliver. An action-packed, energy driven presentation chock full of incredible nuggets of wisdom non-stop until the end of the day. His knowledge is so deep, and he has such an amazing perspective. He talked a lot about figuring out what your core values are, because depending on what you value most, that determines what you should be doing with your money, and the financial decisions you should be making. Another powerful discussion was around the differences between Price, Value, and Cost. So much brilliant material, and Garrett gave out secret access to a new website that hasn’t even finished being developed yet, and a link to be able to get one of his New York Times Best Selling Books for just $2.95!

This $297 event is discounted to only $97 right now. You can learn more about the event and get access to the Recording of the Event by clicking the link below:

FINANCIAL FREEDOM SUMMIT REGISTRATION

Here’s to Empowering your dreams, Igniting Your Passion, and Accelerating Your Prosperity!

Sincerely,

WJ Vincent II

www.PowerPassionProsperity.com

Podcast on iTunes

Podcast on Spotify (Android)

The post First Day Craziness by WJ Vincent II appeared first on PowerPassionProsperity.Com.

From Millions To Billions by WJ Vincent II

WJ Vincent II — Wed, 28 Jul 2021 03:31:06 +0000

From Millions to Billions by WJ Vincent II

Imagine Taking A Company from Millions to Billions of Dollars
So, by now you must have heard we have a HUGE event coming up in August. The Financial Freedom Summit 2021 is going to be an absolutely incredible opportunity for people to “Upgrade” their “Money Mindset”! All of the guest speakers have brilliant backgrounds, and have been helping people to change their money mindsets for the better for years. This week’s special profile is on Dr. Janice Hughes.

She has been a guest on our podcast before, but her story is absolutely incredible! Rather than get too far off track, here is a bit of a bio of Dr. Janice Hughes, so you to see exactly why you don’t want to miss the upcoming Financial Freedom Summit on August 3rd and 4th from 2 PM to 4 PM (Central Standard Time)!

Meet Dr. Janice Hughes

Dr. Janice Hughes is an Executive Wealth Coach and Business Advisor. In her previous role as the Director of Investors for Curemark, a biotech startup company, she learned to apply the principles and strategies related to raising money and creating wealth, along the way being part of the team to increase the value of the company from 20 Million to a valuation of over 150 Billion. Dr. Janice now coaches individuals and companies to apply some of these same ‘money raising’ principles in their own lives and businesses.

Returning to healthcare coaching and consulting, Janice helps practitioners and business owners understand and embrace the ‘business’ side within healthcare. Many brilliant practitioners need strategies, tools and systems to become the CEO of their business, and their lives.

As an author, Dr. Janice shares her wisdom in both Inspired Wealth (now available as a free ebook version) as well as the new best selling Amazon books Codes of Longevity (with 20 other leaders in the healthcare industry).

Financial Freedom Summit 2021
Dr. Janice Hughes will be one of the featured guest speakers at this incredible event. Here are some of the topics she will be sharing:

Some of The Topics She Will Cover At The Summit

How to Get Your Business To Run Without You
A Critical Mindset Shift You Can Make NOW to Create Freedom and Flexibility
How To Gain Clarity and Understanding About True Wealth
Financial Mindset DNA
How to Implement Tools and Actions To Enhance the Value Of Your Business

Currently we have an Early Registration Sale going on. This $297 event is discounted to only $97 right now. You can learn more about the event and get your seat reserved by clicking the link below.

FINANCIAL FREEDOM SUMMIT REGISTRATION

Here’s to Empowering your dreams, Igniting Your Passion, and Accelerating Your Prosperity!

Sincerely,

WJ Vincent II

www.PowerPassionProsperity.com

Podcast on iTunes

Podcast on Spotify (Android)

The post From Millions To Billions by WJ Vincent II appeared first on PowerPassionProsperity.Com.

$442 to Seven Figures Plus by WJ Vincent II

WJ Vincent II — Wed, 14 Jul 2021 02:15:11 +0000

$442 to Seven Figures Plus by WJ Vincent II

Imagine Earning Just $442 In A Business & 18 Months Later Generating Over A Million Dollars
So, by now you must have heard we have a HUGE event coming up in August. The Financial Freedom Summit 2021 is going to be an absolutely incredible opportunity for people to “Upgrade” their “Money Mindset”! All of the guest speakers have brilliant backgrounds, and have been helping people to change their money mindsets for the better for years. This week’s special profile is on Emily Williams.

She has been a guest on our podcast before, but her story is just straight up Amazing! Rather than get too far off track, here is a bit of a bio of Emily Williams, so you to see exactly why you don’t want to miss the upcoming Financial Freedom Summit on August 3rd and 4th from 2 PM to 4 PM (Central Standard Time)!

Meet Emily Williams
Emily Williams is a success coach, entrepreneur, and author with a seven-figure business who, at one point, couldn’t get a job at Starbucks.

After experiencing a quarter life crisis, she moved from Ohio to London (where she knew no one!) and in 2014 launched her business, I Heart My Life. She made $442 in her first month—and then went on to hit six figures in six months, before her 30th birthday. She grew it to seven figures in under 18 months.

Today, she works with female entrepreneurs all over the world, helping them bust through the obstacles that hold their dreams and goals hostage so they can free themselves to live the lives they want. She is a Coach, Speaker, CEO, Podcast Host, Author, and so much more!

Money, Inc., Business Insider, Entrepreneur, Forbes, and Huffington Post are just Some of the places her work has been featured!

Financial Freedom Summit 2021
Emily Williams will be one of the featured guest speakers at this incredible event. Here are some of the topics she will be sharing:

Some of The Topics She Will Cover At The Summit

Get clear on your true desires and financial goals
Find out if you’re wired for under-earning or blocking money (if so — this will change on this training)
Identify the money beliefs that are keeping you broke or financially stuck
Get the tools to transform your money mindset and create financial abundance now
Learn why it’s essential for you to be rich
Learn the #1 thing that will help you generate more sales

Currently we have an Early Registration Sale going on. This $297 event is discounted to only $97 right now. You can learn more about the event and get your seat reserved by clicking the link below.

FINANCIAL FREEDOM SUMMIT REGISTRATION

Here’s to Empowering your dreams, Igniting Your Passion, and Accelerating Your Prosperity!

Sincerely,

WJ Vincent II

www.PowerPassionProsperity.com

Podcast on iTunes

Podcast on Spotify (Android)

The post $442 to Seven Figures Plus by WJ Vincent II appeared first on PowerPassionProsperity.Com.

NY Times Best Seller by WJ Vincent II

WJ Vincent II — Wed, 07 Jul 2021 04:55:24 +0000

NY Times Best Seller by WJ Vincent II

NY Times Best Selling Author, Featured on CNBC, ABC, FOX Business, The Wall Street Journal & More
Here at TriplePLife we always try to stay focused on the Four F’s….Fitness, Finances, Family, and Fun! Every once in a while somebody comes along that has just done incredible things in at least one of these areas. With the upcoming Financial Freedom Summit 2021 we wanted to formally introduce you to another one of our guest speakers.

He has been a guest on our podcast before, but his background, experience, and knowledge are simply incredible. Rather than get off track, here is a bit of a bio for you to see exactly why you don’t want to miss the upcoming Financial Freedom Summit on August 3rd and 4th from 2 PM to 4 PM (Central Standard Time)!

Meet Garrett B. Gunderson
Garrett Gunderson is Founder and Chief Wealth Architect of Wealth Factory. He also wrote the NY Times bestseller, Killing Sacred Cows. Garrett was featured in the Wall Street Journal and has appeared on CNBC, ABC, Fox Business and more.

He also writes regular online columns for Forbes and Entrepreneur magazines to spread this very important message:

Cash flow optimization is the key to building wealth

Of course Garrett has a “Wealth” of knowledge, but check below for some of the specific things he will be sharing at the upcoming Financial Freedom Summit!

Financial Freedom Summit 2021
Garrett B. Gunderson will be one of the featured guest speakers at this incredible event. Here are some of the topics he will be sharing:

Topic: “To Be Updated Later”

Special Information Just For The Summit

Currently we have an Early Registration Sale going on. This $297 event is discounted to only $97 right now. You can learn more about the event and get your seat reserved by clicking the link below.

FINANCIAL FREEDOM SUMMIT REGISTRATION

Here’s to Empowering your dreams, Igniting Your Passion, and Accelerating Your Prosperity!

Sincerely,

WJ Vincent II

www.PowerPassionProsperity.com

Podcast on iTunes

Podcast on Spotify (Android)

The post NY Times Best Seller by WJ Vincent II appeared first on PowerPassionProsperity.Com.

Fox, Forbes, & More by WJ Vincent II

WJ Vincent II — Wed, 30 Jun 2021 00:01:03 +0000

Fox, Forbes, and More by WJ Vincent II

Featured in Forbes, Yahoo Finance, Fox, Chicago Weekly News, New York Finance & More
Here at TriplePLife we always try to stay focused on the Four F’s….Fitness, Finances, Family, and Fun! Every once in a while somebody comes along that has just done incredible things in at least one of these areas. With the upcoming Financial Freedom Summit 2021 we wanted to formally introduce you to one of our guest speakers. He has been a guest on our podcast before, but his track record is absolutely amazing. Rather than get off track, here is a bit of a bio for you to see exactly why you don’t want to miss the upcoming Financial Freedom Summit on August 3rd and 4th from 2 PM to 4 PM (Central Standard Time)!

Meet Jerry Fetta
Jerry Fetta is the CEO and Founder of Wealth DynamX. He is a nationally recognized financial expert featured in Forbes, Yahoo Finance, Fox, Chicago Weekly News, New York Finance, interviewed on dozens of podcasts with world renowned experts, earning past endorsements and affiliations throughout his career with names like Grant Cardone, Dave Ramsey, and Pamela Yellen.

Having become a millionaire by age 26 and financially free before the age of 30, Jerry’s mission in life is to help create millions of financially educated and solvent families achieving greater financial freedom in their lives and sharing the truth about money with those around them.

Financial Freedom Summit 2021
Jerry Fetta will be one of the featured guest speakers at this incredible event. Here are some of the topics he will be sharing:

Topic: “Why & How To Build Wealth Like A Bank”

The most profitable business model amidst the 2020 pandemic
The 3 Tier Capital Banking Approach
How To Earn Truly Passive Income
How To Get “Deposits” of “Other People’s Money” Like A Bank
How To Avoid The Financial “Red Herring” Designed By Banks To Trick Us

Currently we have an Early Registration Sale going on. This $297 event is discounted to only $97 right now. You can learn more about the event and get your seat reserved by clicking the link below.

FINANCIAL FREEDOM SUMMIT REGISTRATION

Here’s to Empowering your dreams, Igniting Your Passion, and Accelerating Your Prosperity!

Sincerely,

WJ Vincent II

www.PowerPassionProsperity.com

Podcast on iTunes

Podcast on Spotify (Android)

The post Fox, Forbes, & More by WJ Vincent II appeared first on PowerPassionProsperity.Com.

The Six Fears by WJ Vincent II

WJ Vincent II — Wed, 07 Apr 2021 06:14:54 +0000

The Six Fears by WJ Vincent II

Ever Read “Think And Grow Rich” by Napoleon Hill?

It is one of the great books written on personal growth, self-development, and success. If you are not familiar with it, basically a long time ago…Andrew Carnegie one of the wealthiest men in world history, challenged Napoleon Hill to interview all the greatest successful people of the time, using a letter from him as an introduction. Napoleon took the challenge, and learned so much profound information, he extended the time he invested in it to many years. He studied everyone from Henry Ford, Thomas Edison, Wrigley, you name it. He also studied average people, and eventually he condensed it all down into a book that was then condensed down again into Think and Grow Rich. The information within this book is priceless, and life changing, and one of the central themes is that there are Six main Fears…

What Are The Six Fears Discussed by Napoleon Hill?

Fear Of Poverty
Fear of Criticism
Fear of Health Problems
Fear of Losing the Love of Someone
Fear of Old Age
Fear of Death

Understanding How They Affect Us

Many people who have had next level success elude them, sometimes for years, do not realize that it is probably the Fear of Poverty, or the Fear of Criticism that are most likely holding them back. The book “Think and Grow Rich” details these fears and how to overcome them. Right now because of Social Media…many people are afraid to say what they really think, or share how they really feel anymore. Peer Pressure, Gang Insulting, Trolling, have all become favorite pastimes of way too many people. We are working on releasing some powerful training material to help people to evaluate how much these fears are effecting them in their business and lives. The information we have learned over the years to overcome these fears is the type of information that can make all the difference in the world to anyone sincerely making a genuine effort to Do Better, Be Better, and Have Better in their life. Keep an eye out for when we start releasing this information, in particular if you are a TriplePLife Inner Circle VIP Member!

Here’s to Empowering your dreams, Igniting Your Passion, and Accelerating Your Prosperity!

Sincerely,

WJ Vincent II

www.PowerPassionProsperity.com

Podcast on iTunes

Podcast on Spotify (Android)

The post The Six Fears by WJ Vincent II appeared first on PowerPassionProsperity.Com.

Free Money? by WJ Vincent II

WJ Vincent II — Wed, 31 Mar 2021 04:41:22 +0000

Free Money? by WJ Vincent II

Are You Eligible?

Those of you who have been long-time listeners to the show, or regular attendees to Dr. Jay and TriplePLife Trainings, Seminars, Webinars, and More…already know we do our best to keep all of you up to date on what is the latest and greatest to help you in your businesses. It is certainly no secret that the Pandemic has effected many business owners incredibly hard. So making sure you can access any support that is available out there is incredibly important to us. So that is the topic of this week’s blog…

Kiplinger’s Take on PPP (The Finance Program)

Kiplinger is one of the better financial organizations out there that tries to help educate and support people with their financial know-how. Rather than try and interpret what they have to say, here is a direct link to all the latest information they have on who, what, where, and why you may or may not be eligible for funding through the government’s PPP program. Many of you participated at the beginning of the pandemic, now might be an even better time to participate if you can, in order to maximize your momentum as we turn the corner coming out of all this mess. Here is the link to the article:
Kiplinger PPP Loan Basics Article

Good Luck!

Hopefully you will find the information valuable, and possibly get access to some funds that could help you advance your business!

Here’s to Empowering your dreams, Igniting Your Passion, and Accelerating Your Prosperity!

Sincerely,

WJ Vincent II

www.PowerPassionProsperity.com

Podcast on iTunes

Podcast on Spotify (Android)

The post Free Money? by WJ Vincent II appeared first on PowerPassionProsperity.Com.

What If? by WJ Vincent II

WJ Vincent II — Wed, 24 Mar 2021 05:19:37 +0000

What If? by WJ Vincent II

What If You Lost Everything?

So a week ago or so…on St. Patrick’s Day…it was exactly 22 years since I went out on my first date with the mother of my children, and the love of my life….Natalia. Even after we were married, we always celebrated that first date as much more of an anniversary, than our wedding day. She was an immigrant to the United States from Russia. Her family had won the green card lottery to be able to come here, and when I met her she was working 3 jobs to help make ends meet for herself, her mom, stepfather (who spoke no English so couldn’t work), and a 3 year old little sister, and newborn little brother. She was a hard worker, always ready to self-sacrifice for the greater good. Few people if any I have ever met were more caring, loving, and generous with their love, money, and life as she was.

Ours was a love like those you read about in romance novels, watch on television, or see in the movies. It was amazing, and the 13 years we got to spend together went by in the blink of an eye. More than anything though, I was lucky, maybe one of the luckiest people to have ever lived. How can that be possible you might ask…when my beautiful wife died of a brain tumor at the age of 34 years old…with a 20 month old daughter, 4 year old son…13 year old brother and 16 year old sister whom we were raising as our own kids, and a handicapped mom (multiple sclerosis) all left behind?

Living Life With No Regrets!

So, how can I possibly be lucky…it is a fair question, but before I get into that, what about the first question of this article? What If You Lost Everything? The most interesting part of that question is that it means something different to almost everyone. Some people think about losing their money, some their health, others think about their loved ones…but by definition, “everything” really means “everything” doesn’t it? What if you lost your loved one? You Lost Your money, and your health, all at the same time? How would you handle it? What would be the first thing that would happen in your “mind”? I can share with you firsthand, the first thing you start thinking about in that situation is all the things you will never get to do with the person you love, who is now gone. You are filled with regret from the bottom of your soul, and it is the kind of gut wrenching, deep seeded, wreck you type of feeling that wakes you up in the middle of the night.

My wife Natalia and I had been incredibly blessed. We had been very successful, built a very successful business, had beautiful, happy, healthy children. We shared our blessings with our family, helping them any way we could. We travelled the world together…somewhere north of 20 different countries I think we spent time in together. Cruises, spas, resorts, cabins, mountains, oceans, jungles, deserts, you name it, we crawled, climbed, floated, swam, walked, hiked, soaked, and more across some of the most beautiful and mystifying places on earth. We wrote down our goals in all the most important areas of life (Financial, Spiritual, Social, Emotional, Mental, Physical, and Family) and set about accomplishing them “together”. We laughed, and loved, and inspired each other to be the best we could be, and in so many ways we did get better, and it was a golden age as golden as anyone could ever ask for….and that is the only reason why I am still here. That is the reason why I am so lucky…because despite losing “everything” and circumstances resulted in me not only losing the love of my life, but also my money, and my health too…and yet I had almost no regrets…which makes me so very lucky…

Beware of the “If Only” of life

I am so grateful that Natalia and I didn’t sit around talking about “One Day” or “Some day”. I am thankful beyond belief that we were not making excuses saying “If Only” this would happen we could take a trip. We made it happen, over and over again. We built the dream life we had always dreamed of, and so when cancer took her away from us so suddenly, and shockingly…of course we were devastated beyond words. There is a hole in my heart and soul that will never go away…and it was almost impossible to move on, and I still have days where things are difficult and challenging…but I have very, very few regrets.

I am not sitting here wondering what might have been…how we could have spent those 13 years together better. And that ladies and gentleman is the message and lesson for this week that I hope to share with each and every one of you. Life is happening every single day. Time is passing, it is moving forward, and there is no stopping it. TriplePLife is all about Empowering Dreams, Igniting Passion, and Accelerating Prosperity…TODAY! We want everyone to live their best life…don’t wait…get started today. Tell the people you love how much you love them….find time to spend with the people you KNOW you need to spend more time with. DO the things you dream of…don’t wait…cause that question “What If?” Sooner or later we will lose someone, or something we cherish….and the only thing that will make that loss palatable, the only thing that will make life bearable is the many memories you had with that loved one….all the moments you had together…all the time that you really LIVED. My wish for all of you is that you will have many, many years with the people you love…hopefully decades and more. And it is my deepest hope that you will spend those years wisely….because while it may be impossible to live a life of “no regrets”….it is definitively possible to live a life with “few regrets”….and that is the best way….to LIVE!

Here’s to Empowering your dreams, Igniting Your Passion, and Accelerating Your Prosperity!

Sincerely,

WJ Vincent II

www.PowerPassionProsperity.com

Podcast on iTunes

Podcast on Spotify (Android)

The post What If? by WJ Vincent II appeared first on PowerPassionProsperity.Com.

Cars With No Drivers by WJ Vincent II

WJ Vincent II — Wed, 03 Mar 2021 21:42:10 +0000

Cars With No Drivers by WJ Vincent II

Honda and Tesla Lead Major Progress in Autonomous Driving Technology?

We are going to see an increasing amount of progress made in autonomous driving technologies throughout 2021 and beyond. Many of the car companies are jumping in either through their own work, or by buying out other companies in order to fast track progress. The Honda car company announced they will be mass producing autonomous vehicles, which will not require any driver intervention under certain specific conditions. Tesla has been working on what they call “Autopilot” for some time now, which does not require any driver interaction under certain conditions. They continue to make progress with lane centering, automatic lane changes, and soon speed sign recognition and green light detection.

Ford, Mercedes, and GM Getting Involved!

Ford is getting ready to join the autonomous driving trend by launching a ridesharing service sometime in 2021. As they continue to test these vehicles, it is anticipated they may become available for purchase to some buyers as early as 2026. It looks like we will see Mercedes-Benz integrate some degree of autonomous driving tech into their new models from 2021 moving forward. General Motors is expecting to roll out its hands-free-driving Super Cruise feature to as many as 22 different vehicles as early as 2023.

Autonomous Driving Market has Fierce Competition

Growth has been accelerating due to a huge amount of competition in other companies as well. Companies like Lyft and Waymo in particular are involved in this advancement of technology. Billions of dollars are being spent in the acquisition of startups in particular. General Motors bought Cruise for $1 Billion….Uber acquired Otto for $680 million, Ford acquired Argo AI for $1 billion, and Intel acquired Mobileye for $15.3 Billion. These acquisitions and the further development of this technology will see more and more adoption of autonomous driving across the globe.

What Does It Mean?

Here at TriplePLife we try to keep everyone aware of trends that will effect business and life. This emerging technology will provide greater freedom and flexibility during mandatory work commutes, as many of us will no longer have to actually “drive” for part or all of our trips. We can use the time to Read, watch videos, conduct business and more, without the distraction of keeping our eyes on the road. This technology also provides some significant investment opportunities, although predicting the actual “winners” creates a great deal of risk. We look forward to keeping our eyes on this emerging technology, and seeing if we can stay ahead of the curve in both our investment opportunities, as well as how we can use this technology to improve the quality of our lives!

Here’s to Empowering your dreams, Igniting Your Passion, and Accelerating Your Prosperity!

Sincerely,

WJ Vincent II

www.PowerPassionProsperity.com

Podcast on iTunes

Podcast on Spotify (Android)

The post Cars With No Drivers by WJ Vincent II appeared first on PowerPassionProsperity.Com.

A Drunk Driver Changed Everything… by Chris Koopman

WJ Vincent II — Wed, 14 Oct 2020 10:20:58 +0000

A Drunk Driver Changed Everything

Christopher Koopman Contributor: PowerPassionProsperity

When I was in high school, I had all the hopes of going to a Division 1 college on full scholarship for lacrosse. I played lacrosse my entire life and was fortunate to make the varsity lacrosse team in my high school in 9th grade. I was pulled up from 8th grade to participate in the Long Island NY Division 1 high school playoffs, a kind of tradition for those who were expected to make varsity lacrosse as early as 9th grade.

It was a highly competitive environment, and I played for a team that had made the Long Island, NY lacrosse championships 26 years in a row. Unfortunately, those dreams were crushed when in 10th grade, I was riding home from lacrosse practice on my bike, and I was hit by a drunk driver crossing a 4-way intersection. I broke 4 ribs, had internal bleeding, lost 5 teeth, and busted my knee so bad, it prevented me from returning to lacrosse that season and for the rest of my high school career.

Of course, this was not the ideal scenario. I could remember painfully watching my friends continue on playing and reaching the highest level of college sports. Many were named All American. 10 of my teammates went on to receive full college scholarships. However, I did learn much about myself in those years I could not continue to play. I learned about determination, and I am happy to say I now have a fully functioning knee that has enabled me to become a pretty bad ass freeride skier. My knee is as strong as it ever has been, and I plan to continue using it until the day I die! That all being said, my high school lacrosse coach used to say something before each championship game that stuck with me. He would say “defense wins championships”. I still have the tee shirt with this saying on it!
How can this belief help us with our finances? It’s important to think about creating a financial game plan to help us achieve our goals.

As I have covered in a previous article, in my opinion, there are four rules to understand about banking institutions. Many would like you to:
1) Give them your money
2) Keep it with them for as long as possible
3) They give you back as little as possible
4) Keep your money standing still, like in a bank account

Let me be clear, we need the help of the financial institutions. They do develop the financial products we need. How you choose to use them and integrate them into your financial strategy can help you to build and protect your wealth. Here are some things to consider when developing your Financial Game Plan:
1) Have more control of your money
2) have your money working more efficiently
3) create more flexibility and liquidity with your money
4) have more enjoyment with your money

The relationship between you and your various financial institutions is vital to help you build wealth. In my opinion, one way to understand this would be to think of designing your dream backyard landscape. A nursery is needed to supply you with the trees, flowers, and shrubs you might need to build this dream backyard. However, you most likely would not hire the nursery to design the backyard. For that you need a landscape architect. They are the ones that can help with site work, elevation considerations, sunlight exposure, drainage management, design work, and cost analysis. If you think of the financial institutions as nursery’s, it can help you understand how to use them for your needs.

In my experience, a good way to approach designing your financial game plan is to work with a financial professional (like a “financial architect,”) who can help. When you work in this capacity, you can have a better understanding of what financial products to select for you. You can have a better idea of when and how to use those financial products and have the opportunity to get financially educated and organized. You will eliminate much of the “guess work” that most people incorporate into their financial planning. This level of thinking can help you design a well-balanced financial approach because the success of your design is not in the financial products alone. Rather the success of your plan is more in the harmonious use of how you position financial products and institutions in your plan. Your success is in the deep understanding of when and how to use such products and financial institutions and in what order. You can gain a better understanding that its not so much as to where you put your money, but rather how you use your money. Remember, just like my coach said, “defense wins championships”. A well-designed financial plan can lead you to a more confident financial future.

Christopher Koopman

I am the president and founder of Statera Wealth Solutions, Inc. We focus on sustainable wealth building solutions for those who want to grow and protect their wealth. Our modern perspective challenges outdated conventional financial wisdom, awarding our clients improved financial wellness and less financial stress.

Check the background of this investment professional on FINRA’s Broker Check

Material discussed is meant for general informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice.

REGISTERED REPRESENTATIVE AND FINANCIAL ADVISOR OF PARK AVENUE SECURITIES LLC (PAS). OSJ: 17 LUMBER RD. SUITE 11 ROSLYN, NY 11576/516-334-4900, EXT 226. SECURITIES PRODUCTS AND ADVISORY SERVICES OFFERED THROUGH PAS, MEMBER FINRA, SIPC. FINANCIAL REPRESENTATIVE OF THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA® (GUARDIAN), NEW YORK, NY. PAS IS A WHOLLY-OWNED SUBSIDIARY OF GUARDIAN. STATERA WEALTH SOLUTIONS, INC. AND POWER PASSION PROSPERITY ARE NOT AFFILIATES OR SUBSIDIARIES OF PAS OR GUARDIAN.

Guardian, its subsidiaries, agents and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. Remove: Trademarks of The Guardian Life Insurance Company of America (Guardian) are used with express permission. © 2020 Guardian.

*Guardian’s Living Confidently Survey, 2007

CA Insurance ID # 0G34651 AR Insurance ID # 7840472

2020-101191 exp. 05/2022

Hope everyone enjoyed this month’s special advice from Chris Koopman!

May all of you have an empowering week!

WJ Vincent II

EmPower Your Dreams, Ignite Your Passion, Accelerate Your Prosperity

Our Website www.PowerPassionProsperity.com

This Week’s Podcast on iTunes

This Week’s Podcast on Spotify (Android)

The post A Drunk Driver Changed Everything… by Chris Koopman appeared first on PowerPassionProsperity.Com.

Understanding Velocity Of Money by Chris Koopman

WJ Vincent II — Wed, 02 Sep 2020 01:54:35 +0000

Understanding Velocity Of Money

Christopher Koopman Contributor: PowerPassionProsperity

Understanding the velocity of money concept and how to apply it in your life can help you create a more efficient wealth creation process. The simple explanation of velocity of money concept is the rate at which currency is exchanged within an economy. For example, a high velocity of money factor is great if that “velocity” is moving your money into assets that appreciate and can be leveraged to further build wealth. If our capital is moving towards servicing debt and to pay bills, this would be a low velocity of money factor. Knowing how to apply velocity of money strategies to your financial life can help you accelerate your wealth creation process! You can learn to be a beneficiary of this concept rather than a slave to it.

For example, lets understand how banks work, and use the velocity of money strategy to benefit themselves. Banks have been around for a very long time and are experts at building wealth. How does a bank build wealth? Let’s look at a simple example that can easily be understood. If there was a giant bright green LED sign outside your local bank that said “savings account rates at this bank are 5%”, I would imaging you would take your money from your current savings account, and deposit at this institution. The reason is that our brains immediately think that the higher the rate of return, the faster our wealth can grow. However, banks themselves never chase rates of return or “yield” to build wealth for themselves. They want us to believe this is how WE should build wealth, when in reality, depositing money in a bank helps THEM to build wealth for themselves. The reason is they use our money on deposit and apply leverage to those dollars. They are constantly lending money to others. When you deposit money at your local bank, and let’s say that bank is so generous to give you my crazy pretend example of 5% interest on your money in a super savings account (which does not exist in the current interest rate environment), have you ever thought “what do they do with my money”? I can tell you it’s certainly not sitting in your bank account! Have you ever tried to close a bank account? The manager comes out and tries everything to ensure you don’t close that account. The reason is they are constantly lending money out to others, to charge others interest.

So now you have your money in a 5% savings account, and you feel good because you are earning way more than everyone else in their savings accounts. However, the bank is earning way more than your 5% in your bank account. How? Simply put, they loan that money out to others, and charge more interest than they are paying you. For example, someone needs a car loan, or a credit card, or a business loan, and let’s say that person doesn’t have good credit, they may charge that person 9% for their loan. Those payments go back to the bank, and the bank makes money out of thin air simply by loaning your money to others, at a higher rate! They do this multiple times over and over and over again, and the bank makes a ton of coin on your money held in “deposit”. This is an example of how banks apply the velocity of money concept.

But what about you? How can you apply this concept in your life? Is that even possible? Well, yes! First you must understand the 4 rules that banking institutions want you to do with your money:

Give them your money
Keep it with them for as long as possible
They give you back as little as possible
Keep your money standing still, like in a bank account

Most people follow the Banks rules. Yet, let’s think of another way to velocitize your money.

Perhaps the easiest example, is to consider how real estate appreciates. If you have a home worth $100,000 (just to make this example easy to understand, I realize most homes cost more than 100k) and it appreciates 5% in one year, that home has now increased in value to $105,000. It does not matter if you have a mortgage for $90,000 or no mortgage at all, the home still appreciates. What if that mortgage of 90k was used to purchase another house, that then generates rental income, possible tax deductions, and more appreciation? You are now using one asset class, to leverage, in order to acquire another asset class, with the anticipation that both assets will appreciate. This is the velocity of money. Money is in motion, and not standing still. Money is working “through” assets. Now I am not suggesting that you do this, it’s an example, but it illustrates the power of the velocity of money in an easy to understand concept.

What if you can apply velocity of money strategies to other financial instruments you may own already or might own in the future? If done correctly, you can increase your wealth by velocitizing it, rather than accumulating it. We can all agree that 3 + 3 = 6. What if you can learn to change the way in which you accumulate wealth, to turbocharge its response, so that your money works more like 3 x 3 = 9. This would be more effective, perhaps giving you a faster response on how your wealth accumulates.

To accomplish this, you MUST view your entire financial landscape in a holistic way, so that you can make more intelligent financial decisions. When planning to build more wealth in your life, having a Macroeconomic view of your entire financial world, rather than a microeconomic view, will only help you to create more efficiency. Understanding how money flows through your financial world, and what forces attack your wealth, will allow you to decrease the eroding factors of wealth. Remember, money that stands still gets attacked by its environment. Taxes, debt, lost opportunity costs, inflation, are some of the eroding factors of wealth that attack your wealth over time. Think of money like an apple. If you left an apple on a kitchen table for 3 years, that apple would have rotted, and eventually decayed to nothing. That’s because its environment attacked it. However, put an apple in alcohol, and it will last much longer. The “process” of how to preserve the apple is the important take away here.

So, let me ask you…what processes do you have in place to ensure your money is not eroding away?

Christopher Koopman

Check the background of this investment professional on FINRA’s Broker Check

*Guardian’s Living Confidently Survey, 2007

CA Insurance ID # 0G34651 AR Insurance ID # 7840472

2020-101191 exp. 05/2022

Hope everyone enjoyed this month’s special advice from Chris Koopman!

May all of you have an empowering week!

WJ Vincent II

EmPower Your Dreams, Ignite Your Passion, Accelerate Your Prosperity

Our Website www.PowerPassionProsperity.com

This Week’s Podcast on iTunes

This Week’s Podcast on Spotify (Android)

The post Understanding Velocity Of Money by Chris Koopman appeared first on PowerPassionProsperity.Com.

All Dogs Don’t Bark Up The Right Tree by Chris Koopman

WJ Vincent II — Wed, 15 Jul 2020 01:49:13 +0000

All Dogs Don’t Bark Up The Right Tree

Christopher Koopman Contributor: PowerPassionProsperity

I was watching one of my dogs chase a chipmunk last week. He is fairly good at hunting and is very in tune with our property. Specifically, the wildlife that lives around our home. Often, I see deer, coyotes, fisher cats, bald eagles, hawks, falcons, bobcats, and the occasional mountain lion or bear. He does not seem to interest in any of those animals, but love chasing chipmunks. This day, he was chasing this chipmunk at full throttle, running all over, through the gardens, across the pasture and finally to an area that has many trees. He zoomed in on one tree, and was circling it, even attempting to climb it. He was certain that chipmunk was up that tree. As my dog Smokey was going bonkers over this tree, the little chipmunk appeared 7 trees away, running down the tree, and I swear he laughed on his way down! Smokey did not even notice this and was circling the tree he thought was correct for almost an hour. In that moment, nothing would change his focus. He was so focused on that single tree, that he did not even notice the chipmunk wave at him as he exited the other tree. Finally, he gave up. It was a bit discouraging to see his efforts fail. So confident that he chose the right tree, but, wrong. He was tracking that chipmunk closely, even nearly caught him 3 times before he went up that tree. How did Smokey fail?

Coincidentally, I notice similarities in finance as most people think about their financial world with a “choosing the right tree” mentality. What I mean by that is, most people have an extremely strict view on what is the correct path in wealth building and retirement planning. For some, even talking about financial matters becomes a topic that can be as passionate as religion or politics! People are so certain, that what they are doing financially is correct, they either tune out others, or get angry if someone discusses an alternative path to financial wellness. Who likes to feel wrong?!?! I often ask myself is this behavior of being “right” based on opinion of others, or verifiable evidence? Most people at some point will seek the help of an advisor or advisors to handle the many different aspects of their financial lives. Some may even take their financial matters in their own hands and implement strategies learned by reading books, magazines, or from entertainers who host financial radio shows. Either path chosen, this typically results in the box of planning for your future is now checked, the planning is complete, and life can go on.

One of my mentors used to talk about “The Arrival Syndrome”. This is a condition where a person stops learning, growing, and turns off the ability to receive inspiration because they already know all there is to know. Sound familiar? We all have experienced the “arrival syndrome” at some point in our lives. However, those who want to continuously achieve more in life, often conquer this syndrome and have major breakthroughs as a result. What could my dog have learned about the chipmunk? Perhaps, if he took a moment to sniff out the other trees, he would have received a different result. Yet, he too was suffering from the arrival syndrome.

Frequently when I discuss finances with my clients, they seem to have a case of the arrival syndrome because they have chosen the correct tree! At least they think they have. It is difficult to know if what you are doing financially to improve your current and future financial position is correct without looking up the other trees! Having an open mind to the fact that financial guidance is NOT one size fits all, and that there is NOT only one path you can take to reach financial excellence will certainly create more clarity for you. Challenging conventional financial wisdom is what can lead to increased financial confidence. Do not be like Smokey, and just assume you are correct. Take a step back, open your willingness to learn, and do this with an optimistic mindset. Those that have the greatest financial success in life often walk another path. They have the courage to stand up to the mass prescribed financial guidance that most often is pushed on us. They have the audacity to say, why? They also have the bravery to say, no. These are key qualities that allow you to take more control of your financial life and overcome the arrival syndrome.

So, what action steps can you take to ensure you are not barking up the wrong tree? First, do not just assume that what you are doing is correct, even if you are working with an advisor currently. Unless you are working with a financial MODEL that can stress test your critical areas of Protection, Assets, Liabilities and Cash flow, and how those areas interact with each other, it will be challenging to make intelligent financial decisions. The reason is without a model, you are guessing. Do you know what the tax rate will be in the year 2037? Do you know what interest rates will be in the year 2041? Do you know when the stock market will correct again? Do you know if you will become sick and not be able to work due to that sickness? Do you know how long you will live? Do you know how much money you will need to live on if inflation rises? The answers to all these questions are a big fat NO, OF COURSE NOT! So, if we are planning for our future, but cannot answer these questions, how can we even plan?

When a new building in New York City, or Dubai is about to be built, what is the first thing that happens? An engineer will do a study to ensure the safety of that proposed building, how it should be constructed, and analyze the risks that could jeopardize the integrity of that structure. For example, how will it hold up to a hurricane, or an earthquake? These are considerations that MUST be examined BEFORE the building is constructed. Why would planning for our financial future be any different than this?

You see, having a proactive approach and stress testing financial strategies under all circumstances first, before we implement them, can allow us to plan effectively and efficiently. The stock market will crash again, but your money does not have to move backwards, because you could have a plan in place for that risk. If there is a premature death, your family’s lifestyle does not have to change due to loss of income, because there can be a plan in place for that. Income taxes can go up, but your retirement income does not have to decrease, because you could have a plan in place for that.

Are you barking up the wrong tree?

Christopher Koopman

Check the background of this investment professional on FINRA’s Broker Check

*Guardian’s Living Confidently Survey, 2007

CA Insurance ID # 0G34651 AR Insurance ID # 7840472

2020-101191 exp. 05/2022

Hope everyone enjoyed this month’s special advice from Chris Koopman!

May all of you have an empowering week!

WJ Vincent II

EmPower Your Dreams, Ignite Your Passion, Accelerate Your Prosperity

Our Website www.PowerPassionProsperity.com

This Week’s Podcast on iTunes

This Week’s Podcast on Spotify (Android)

The post All Dogs Don’t Bark Up The Right Tree by Chris Koopman appeared first on PowerPassionProsperity.Com.

Teaching Our Children Financial Responsibility by Chris Koopman

WJ Vincent II — Wed, 17 Jun 2020 00:46:27 +0000

Teaching Our Children Financial Responsibility

Christopher Koopman Contributor: PowerPassionProsperity

Financial responsibility is something that is taught, not innate. However, most people learn about financial responsibility by trial and error. I hope we can change that, by empowering our children, grandchildren, and future generations to learn financial responsibility and to take ownership for their financial wellbeing. This does not start when our youth turns 18 years old, in fact, it should start as early as age 4. Instilling good financial habits early in life can help increase financial confidence, knowledge and ultimately lead to more financial responsibility. However, in my opinion, we as a country have failed miserably in teaching our youth about finances.
Learning about financial responsibility can start early in life and it is relatively easy to do. There are simple action steps we can take in helping our children understand money, what its value is, and what it can be used for. These actions steps should be used in three phases of their life prior to age 18. Phase 1 should be implemented early, age 4-6. Phase 2 should be initiated from age 7-12. Lastly Phase 3 should be implemented from age 13-18. Notice, this is ongoing. It does not stop. Much like learning in school is K-12, and most often beyond high school, we should consider the same for financial responsibility learning.

Here are some examples that we can implement during the three phases of financial learning:

Phase 1: How to earn money

When my daughter Juliet was 4 years old, I would have her help clean her room. This would involve putting away her toys, making her bed, and organizing her clothes. I would split the room into 3 areas that needed attention so that she would begin to take notice to math. Not only did this help her room stay clean, it was teaching her that she had responsibility to keep these areas of her room organized. Each time she would clean an area of the room and complete the task, she would receive $1. When her bed was made, she would receive $1. When her toys were organized and put away, she would receive $1 and when her clothes were put in the drawers, she would receive $1. Now in this early phase, the value of a dollar is not what we are teaching, however what is being taught is the act of receiving something for completing a task. This is critical, as the value of money at this point is meaningless, however, engraving the act of receiving something for doing something is what is important. I would continue this until age 6. Sure enough, by age 6, Juliet was stuffing her piggy bank with dollar bills. She was beginning to ask what these dollar bills are, and what they do. This is what naturally leads to Phase 2

Phase 2: Curiosity

Juliet is now 7, and is very curious about money, because she has accumulated it. She already understands that money does not grow on trees, and that you must complete some form of work, to receive it. Now, our focus is about what money can be used for. In Phase 2 you begin to count money, as their math skills in school are expanding. We have begun to count the money in her piggy bank and total it up. When we travel, we allow Juliet to bring some of that money so that she can spend it and use it to purchase something of her choice. We would limit how much she can bring, typically $20. What is so interesting, is now in Phase 2 they begin to understand that there are limitations to money, and what it can purchase. This is CRITICAL, as beginning to accept that some items can cost MORE money than they might have, truly teaches about the limitations of money. In Phase 3 they begin to really think about value. I have always told my clients that cost is only an issue in the absence of value. Well, watching a 7-year-old decide about what they will or will not spend money on, is teaching the value proposition of money. This is a wonderful exercise that is not only fun to watch, but lets them feel the emotions of money, and how it can be used as a means of exchange. Because Phase 2 continues until age 12, these concepts of value will continue to grow. Their awareness to money as an exchange unit for goods and services becomes clearer to them, and they begin to choose what they value, and what they do not value. You will need to help coach them in this a bit, however, letting them fall a couple times is good to. For example, letting them purchase something that they are excited about at first, but becomes less interesting to them quickly, lets them understand that we must choose carefully what we spend our money on, because the piggy bank will become empty if we spend foolishly.

Phase 3: Responsibility

In Phase 3, this is where true financial responsibility is born. It is a combination of Phase 1 and 2. However, what is different in Phase 3 is that earning money must be done on their own. It needs to be voluntary. Meaning, teenagers should be working in some capacity. This could be a job, or chores at home. But the “money supply” should be cut off unless they proactively ask to work and earn it. Once they own the financial responsibility of proactively earning money, in Phase 3 we begin to teach about financing, and interest. In this phase money can move from the piggy bank to a bank account or cash value insurance policy. This creates more “ownership” of their finances, as well, they can begin to see the accumulation of money and compound interest build up. If we rush to investments that carry risk such as a stock, bond or mutual fund, this can jeopardize their hard earned money, and I would suggest adding correlated to stock market risk assets like these a bit later in life, perhaps after age 18. In teaching the story of compound interest its best to build further financial confidence in financial instruments they can see work, that are predictable and safe.

Self-financing is another great concept to teach in Phase 3. For example, when my daughter Juliet will need her first car, she will “borrow” her own capital, and pay herself back with interest. This engraves further financial responsibility by having a commitment of paying for something monthly. Thus, setting the stage for what it feels like to pay for a mortgage for example.

These are just some examples that can be used to help strengthen financial responsibility early in life. I encourage you to try some of these strategies out! Many of my clients have found these techniques not only useful, but critical. Imagine the impact this could make if all children practiced this. Our future generations would be more financially intelligent and make better financial decisions.

I have been fortunate enough to see the children of my early career clients grow up over the past 18 years in practice. They all are financially intelligent, and way ahead of their piers! They have a stronger foundation of financial knowledge and are very responsible with their money. They have financed automobiles, some have paid for their own college, and others have even purchased real estate by age 25!

Remember, Financial responsibility is also OUR responsibility to teach to others! I encourage you to pass this message along, and let us collectively work as a society to teach more responsible financial behavior.

Christopher Koopman

Check the background of this investment professional on FINRA’s Broker Check

*Guardian’s Living Confidently Survey, 2007

CA Insurance ID # 0G34651 AR Insurance ID # 7840472

2020-101191 exp. 05/2022

Hope everyone enjoyed this month’s special advice from Chris Koopman!

If you are a chiropractor, or work in the field, check out the free webinar Dr. Jay LaGuardia & Dr. Eddie Hall are putting on today Wednesday April 15th, 2020 at 1 PM central standard time. Here is the link:

The Coronavirus Survival Guide For Chiropractorss Free Webinar

May all of you have an empowering week!

WJ Vincent II

EmPower Your Dreams, Ignite Your Passion, Accelerate Your Prosperity

Our Website www.PowerPassionProsperity.com

This Week’s Podcast on iTunes

This Week’s Podcast on Spotify (Android)

The post Teaching Our Children Financial Responsibility by Chris Koopman appeared first on PowerPassionProsperity.Com.

Financial Secrets Only 20% Know… by Chris Koopman

WJ Vincent II — Wed, 20 May 2020 04:58:24 +0000

Action Steps to Achieve Financial Confidence

Christopher Koopman Contributor: PowerPassionProsperity

Are your financial habits in alignment with your financial goals? Do you know what your financial goals are? Are you prepared for the future financially? These are certainly fundamental questions that everyone should be asking themselves. Yet, according to a study on financial and emotional confidence*, only 20 percent of Americans know, and live the secrets to financial confidence.

What these 20% do differently, is they concentrate on improvement in financial education, efficient ongoing planning, finding the right financial coach, and having the best solutions to accomplish their goals. Notice I said solutions, not products! Most of us think that there is one magic financial product, or stock, or investment that will “cure” all financial distress. The truth is this does not exist. Rather, focusing on solutions, and having a process driven approach will help you achieve more financially. This can certainly sound intimidating for most. However, there are amazingly simple yet effective behaviors that we all can practice that will move us towards financial confidence.

Step 1: Defining Your Financial Goals. This is a simple step but extremely important. Ask yourself…what are your financial goals? Write these down! This might be to create more savings and liquidity. This might mean paying down debt or retiring early. Whatever they are, they are YOUR goals, and this becomes a great starting point for making more intelligent financial decisions.

Step 2: Set up a “Spend it”. What is a “spend it’? Most people use the word Budget, and I think this is an extremely negative word. It means restricting or limiting spending. Rather write down what you SPEND money on monthly. Then, identify if what is necessary and discretionary. Also, guess what…savings or paying yourself first is NECESSARY! This should be looked at in your “spend it” like a bill or a mortgage payment, meaning, it is non-negotiable, and must happen. Did you know that two thirds of American’s want to save more for long-term goals, but do not feel confident in their ability to live within their means?*

Step 3: Protect Yourself! This is a broad term, and most relate this to having health insurance, life insurance or disability insurance, and yes, those are all vitally important to own. You cannot live unless you are prepaired to die! However, going above and beyond that, protecting yourself can mean having an emergency fund for things like, a PANDEMIC! We are currently experiencing a pandemic in this country and this might affect your cash on hand due to a lost job for example. Having an emergency fund allows you to CONTINUE to keep your protection in place. Now is not the time to decrease protection and drop important insurance coverages. This all becomes possible when you have a well-balanced strategy, containing a emergency fund.

Step 4: Make Smarter Debt Reduction Decisions: Most are on a race to become debt free, and at first glance, this concept sounds obvious. However, is accelerating your debt payoffs costing you money? Is it costing you in other areas of your planning that are being sacrificed because you have to much money going to debt reduction? For example, if you can refinance and take advantage of the current historically low interest rate environment, this is a great time to restructure debt to free up monthly cash flows. Perhaps paying off another loan that is not tax deductible such as a credit card, by doing a mortgage refinance can lower your monthly payment to BOTH debts. This then frees up cash flow that would have otherwise gone to paying down your Credit Card, but now can be re-directed to build up more savings, wealth, and liquidity. Remember, CASH FLOW is KING! If you can manage your cash flow properly, you can accomplish more financially now and over the long term.

Step 5: Work with a Financial Coach! Even the best golfers in the world have a swing coach. When you think about it, there is no new golf club that is going to make a professional golfer better. What makes a golfer better is improving the swing. This is hard to do on their own because they cannot see the flaws in their swing! A coach can help them to improve the swing, so the existing clubs in the golf bag work more efficiently with less energy. This is no different in the world managing your personal economy. Who is helping you with your financial “swing”? Most people hire financial professionals to help them purchase more financial products. Yet does this really change your financial efficiency? Or would it be more effective to have a financial coach who can teach you how to use all the “financial clubs” or financial products in your world to produce better results?

As you can see, the action steps to achieve financial confidence are attainable! It is not a pipe dream. You can become more financially confident by practicing these 5 action steps. This will surely help you in your journey towards optimal financial wellness.

Christopher Koopman

Check the background of this investment professional on FINRA’s Broker Check

*Guardian’s Living Confidently Survey, 2007

CA Insurance ID # 0G34651 AR Insurance ID # 7840472

2020-101191 exp. 05/2022

Hope everyone enjoyed this month’s special advice from Chris Koopman!

The Coronavirus Survival Guide For Chiropractorss Free Webinar

May all of you have an empowering week!

WJ Vincent II

EmPower Your Dreams, Ignite Your Passion, Accelerate Your Prosperity

Our Website www.PowerPassionProsperity.com

This Week’s Podcast on iTunes

This Week’s Podcast on Spotify (Android)

The post Financial Secrets Only 20% Know… by Chris Koopman appeared first on PowerPassionProsperity.Com.

Managing Your Personal Economy During A Pandemic by Chris Koopman

WJ Vincent II — Wed, 15 Apr 2020 05:52:05 +0000

Managing Your Personal Economy During A Pandemic

Christopher Koopman Contributor: PowerPassionProsperity

Over the past month, our world has come to a complete halt. People have been forced to close businesses temporarily, work from home, and become teachers in a matter of weeks. Although this represents some challenges and stress, we can manage to this. What is more challenging however is becoming sick. Everything on tv is negative currently. People are feeling scared, anxiety or even depression, its sometimes hard to see beyond that. However, WE HAVE TO SEE BEYOND THAT!

Forest Gump was right when he said, “Life is like a box of chocolates, you never know you’re your going to get”. It’s no secret that we cannot predict what will happen in life, but we certainly can prepare for it. We can prepare by keeping a positive mindset. Training our brain to “tune out” negativity, only focus on what we desire, and the outcomes we want to happen. We can prepare our immune system to be strong, by eating healthy, working out daily, getting sunlight, increasing vitamin D levels and drinking lots of water. In other words, we can prepare by being proactive, not reactive.

Many today are feeling very reactive to the economic climate, and s stock market volatility. People almost feel helpless and at the mercy of things out of their control. For those who are retiring in 2020, a big market correction like the one we just had in March can wreak havoc on their portfolios and jeopardize future income streams. Having liabilities like mortgages, credit card debt, and other loans can become challenging to pay.

So, what can we learn from this? I have written many articles for Power Passion Prosperity. If you have read any of them, you should have picked up on a recurring message about being financially balanced and having a holistic approach to your personal economy. There is no better time to test these principles than now. When you are well positioned to weather economic storms, you are prepared, not scared.

Having financial balance does not mean a mix of stocks and bonds. It means that your entire financial landscape is coordinated together. It means your areas of Protection, Assets, Liabilities and Cash Flow are working in harmony, so that when a financial challenge comes your way, you and your family are well prepared. Having financial balance means having liquidity for emergencies or opportunities. It means that you are protected from every risk that can jeopardize your financial “flow”, such as a car accident, sickness, injury, death, lawsuit and final wishes. Having financial balance means that your assets are not all correlated to the stock market, so that when we experience a month like March 2020, you still can grow and protect your wealth even as the stock market is crashing. It means that your liabilities are funded with a contingency plan in case you need to fund those liabilities when cash flow stops suddenly. Having financial balance means that your wealth creation strategies are still funded, even if you become sick or injured. It means that your personal economy is still running, even when the world economy might not be. Simply put, having financial balance is critical to your financial success.

We all hope that this pandemic is short lived, and that life can go back to what we all classified as normal. In the next coming weeks, as over 90% of America is forced to stay home, it is a great time to begin thinking about your next move and implementing it! Improve your mental and physical health. Act, by saying positive affirmations and staying healthy. Exercise, move, run, walk, do a HIIT workout, anything to get your blood going. Take time to reflect on your personal habits. Ask yourself if these personal habits are moving you in a positive or negative direction. Reflect on your personal economy. Think about what you might have learned, what you can change, and act going forward! There is no better time than in 2020 to act on all area of our lives to work on self-improvement.

As the world rebounds, those who are hustling in the moments of chaos will be more productive, more prepared more proactive going forward than ever before.

Christopher Koopman

Check the background of this investment professional on FINRA’s Broker Check

CALIFORNIA INSURANCE ID # 0G34651

2020-98607 exp. 04/2022

Hope everyone enjoyed this month’s special advice from Chris Koopman!

The Coronavirus Survival Guide For Chiropractorss Free Webinar

May all of you have an empowering week!

WJ Vincent II

EmPower Your Dreams, Ignite Your Passion, Accelerate Your Prosperity

Our Website www.PowerPassionProsperity.com

This Week’s Podcast on iTunes

This Week’s Podcast on Spotify (Android)

The post Managing Your Personal Economy During A Pandemic by Chris Koopman appeared first on PowerPassionProsperity.Com.

Don’t Make This Mistake With Your Retirement! by Chris Koopman

WJ Vincent II — Tue, 10 Mar 2020 20:15:13 +0000

Don’t Make This Mistake With Your Retirement – Protection First

Christopher Koopman Contributor: PowerPassionProsperity

When engineering a sustainable wealth building financial strategy, there are many factors that one must consider, but for simplicity let’s break it down into two areas I identify as “Phase 1” and “Phase 2”. In Phase 1, the focus should be on building solid Protection, building liquidity, becoming a world class saver, and reducing debt. Notice the order…Protection first! That’s right, I said it, PROTECTION FIRST! In Phase 2, we focus on Exit Strategy. Let’s save Exit Strategy for another article. For now, let us zoom in on how to build an efficient Phase 1.

You can focus all you want on reducing debt, building wealth, investing in the stock market, buying houses, etc. However, if you have not given attention to maximizing your protection component first, it’s like driving a car without a seat-belt. Everyone wants to get to the destination of “retirement”, however the most common mistake I see in Phase 1 of anyone’s so called financial plan, is lack of proper protection.
In my strategy meetings with clients,

READ MORE BY CLICKING LINK BELOW

Don’t Make This Mistake With Retirement Article

Hope everyone enjoyed this month’s special advice from Chris Koopman!

May all of you have an empowering week!

WJ Vincent II

EmPower Your Dreams, Ignite Your Passion, Accelerate Your Prosperity

Our Website www.PowerPassionProsperity.com

This Week’s Podcast on iTunes

This Week’s Podcast on Spotify (Android)

The post Don’t Make This Mistake With Your Retirement! by Chris Koopman appeared first on PowerPassionProsperity.Com.