Hey everyone. Welcome to our show. If you’re following advice from a financial planner, you are literally screwed and without a financial model, you are also screwed. Stay tuned.
From Philadelphia, the home of the Liberty Bell, Financial Freedom Radio starts now. Here’s your host, Raymond Jewell.
So, it was a pretty crazy opening. Do you want to play by the rules of the financial institutions or play by the rules that are verified to be the best for you? That’s the question. We’re gonna explore that today. Good morning, Steve.
Good morning, Ray. How are you?
I’m great. You having a wonderful day? How was your weekend?
Good, we got a lot of outdoor stuff done. Delaware is still under quote/unquote lockdown for want of a better term. We had our first attempt to go to Lowe’s to get some things and the line was wrapped around the building. We’re like nope, we’ll come back later. They’re only letting a certain number of people into the store and everyone’s gotta wear masks. I don’t understand. If you want us to social distance, why do we have to wear a mask? It’s one or the other, not both, but we’re not gonna get into that today.
No, it’s all politics. So what we’re gonna talk about today, my voice is a little old manish, but have you ever played chess without a game board or have you ever played Monopoly without a game board? Impossible, isn’t it? Can you imagine the confusion, and in this day and age of misinformation, you must have a way to verify to see what you’re doing before you do it. The information as to whether what is right or wrong needs to be uncovered. You don’t shoot from the hip anymore in your financial world. You only have one exponential curve and that is a curve that goes upward. We only have one in life. We’re born and we die. We’re in the exploration phase. Down here, the growth and the retirement phase. So if you keep messing up, you’re not going to win because you only have one shot at it. So you want to use as much of the exponential curve as you can to create wealth and enjoy your life, but the financial planners aren’t going to let you do that because they have no game board. Can you imagine a builder of buildings trying to build a building with a model? Game boards and models are important in other areas of their life.
So why don’t we use the game board and a model in our financial life? We just don’t do it, but we think that these so-called experts are going to operate in our best interest and they don’t. Look at what just happened recently. Right now, this is May 4, 2020. Market’s dropped over the last month or so with no warning at all. We got caught up in this coronavirus and quarantine. Businesses and markets collapsed and now we’re digging back out of it. So what we want to do is make sure we insulate ourselves from these problems because, I assure you, they’re going to happen more and more now. I keep saying this over and over again on many shows. I try to give you proof and we try to talk about eroding factors and we’re gonna try to get into that today, but you need to understand that these people are not working in your best interest.
Just because they’ve got all these titles, and degrees in their name, and all the fancy marketing, and all these so-called actors that pop up and tell you to get reverse mortgages and all that kind of stuff, their goal is to get your money. I’ve talked about this over and over. Get your money, get it on a systematic and ongoing basis, hold on to it for as long as possible and give it back as little as possible. Sorry, I’m a little crazy this morning.
If they violate those rules, they’re out of business. These financial planners are very product driven. They’ve got to get you into funds, they’ve got to get you into products that are developed by the financial institutions. Go back and listen to the last couple shows, we’ve talked about it. No product is ever going to make you wealthy. What makes you wealthy is the process you follow. Without a process, you are screwed. We talked about the buildings that the architects build. They do it for efficiency. We have a way to build a model of your financial life and tell you what’s going to happen before it happens and make sure that you’re protected against it. So we do the what-if scenarios to look for the inefficiencies and make them efficient. I guarantee you that your financial planner, if you’re even talking to one and most people don’t, isn’t going to do this. They are very product driven, very micro driven. So when you’re building your financial world, you are the architect. Financial planners don’t understand how to look at your financial world from a macro view. They don’t get that part. They don’t know what they don’t know.
So that’s the tragedy of it. They don’t know what they don’t know. They must follow the four rules of the financial institutions or they don’t get paid. Financial institutions are important. They give us vehicles to put our money in, but we have to know whether those vehicles are right or not. If you go back and you look at wealthy people over the years, they understood this. Since the 60’s and 70’s the advent of financial planners came along because all the boomers were getting to the age where they needed to start saving money. I came through that period. I know. 40 years I’ve been doing this. So you’ve got to have a game board, you gotta have a rule book, and you’ve got to have a macro manager architect building that building, making sure that all the other products and services fit and are right.
So let’s look at the game board. We’ve got a slide here that kind of gives you a little bit of a game board view. It’s a model. It’s impossible to play a game without a game board. Your financial world is no different. We call it the PS & G model (Protection Savings and Growth). This model is so dynamic, it can actually show you where the inefficiencies are and how to correct them before they negatively impact you. You’ve got to understand your whole financial world. Ronald Reagan said trust, but verify. If you’re working with a financial planner, you could kind of trust what they say, but you need to verify whether what they’re saying is right or wrong or is it just their opinion? Too many times we base our financial decisions based on other people’s opinions and they bite us in the ass. I don’t know how much stronger I can say this. The financial people do not like me, now. They don’t like what I’m saying to you because I’m right. I can prove every bit of it. I’ve gone in behind financial planners where they’ve created these elaborate financial plans and they’ve left enormous inefficiencies on the table. If you get caught up in them, they blame you because you gave them your money. So the word, fiduciary responsibility doesn’t mean a whole lot when the markets go down. Oh well, we didn’t see it. You could do better than they could if that’s the case.
So we want to become totally efficient. We want to uncover eroding factors and how devastating they are. We make the eroding factors work for you instead of against you. The rulebook, that’s the slide that talks about the leap process. We’ve got the rulebook. Lifetime Economic Acceleration Process, that’s what leap stands for. We want to create multiples on your wealth, not just math, not just an arithmetic progression. We want to get velocities on your total financial picture. That means we keep moving that money and getting that thing to grow. Albert Einstein said anything in motion remains in motion until it explodes or something like that.
I think that’s Newton’s laws of third dynamic motion. An object in motion remains in motion unless acted upon by an unbalanced outside force.
It’s impossible to play a game without a rulebook. The financial planners have a rulebook. They’ve got to get your money, get it on a systematic and ongoing basis, hang on to it for as long as possible, and give it back as little as possible. That’s their rulebook. We want cost recovery, we want loss recovery, we want erosion recovery, and we want to get all of these negatives working for you in a positive fashion. I’ve gotta tell you, I’ve said this over and over, it doesn’t matter how much money you make, if you make $30,000 a year or you make a million dollars a year, it doesn’t matter. Everybody has inefficiencies. Most people are losing ten to twenty percent of their gross income or revenue to financial inefficiencies and they don’t know it. The more income you have, the greater the inefficiencies, but when somebody’s at a lower end, those inefficiencies can really hurt them badly. It’s our goal to make sure that you understand how to recover them. Can we get everybody to do it? No. Few people will watch these videos and maybe a few will act on them.
It’s how shocking I can be with our titles to get you to watch the video, to get you to understand that there’s a better way. So let’s look at the macro manager. This is very important because the macro manager is the conductor. I’ve used this before and you see it in the slide. The macro manager is the orchestra. Imagine if everybody came to work and sat in a different seat. You’d have a mess and that’s what happens to your financial world. Everybody needs to be playing the right instrument, sitting in the right seats, having the right sheet music. The conductor, the macro manager, is there to make sure all of that happens. We want to force everyone to work in your best interest. So, if you have a car insurance guy or an automobile insurance guy or a life insurance guy or a disability insurance guy or money market manager, whoever you’ve got, you want to make sure they’re all working in your best interest. They have to be coordinated and integrated together to make sure that they’re working in your best interest. You have to keep everyone honest because everyone has an agenda. The life insurance guys sell life insurance products. Sometimes they sell money markets and annuities. The car insurance guys sell car insurance. Homeowners, they all have their own agenda. That’s how they get paid, but you want to make sure that you’ve got a macro manager that keeps everybody honest. You want to see and fix the problems before they happen and that’s what we do. As a macro manager, we call it a personal economic coach. You can find it at personaleconomiccoach.com. We are the macro manager that keeps everything together. We’re macro-economists. Without that picture or without that model, it’s just not going to work. Can you imagine? Lumberyard sells lumber, right? They sell hammers, they sell nails.
Yeah, lumber, wood. Would you go to a lumberyard, Steve and ask them to design your house?
No I wouldn’t.
Right. It’s a loaded question, isn’t it?
That’s why I answered it that way.
In other words, leave you alone. It’s Monday. No, you wouldn’t. You go to an architect. So why would you go to a financial planner, a purveyor of products, to have them build your financial model when they don’t know how to do it? Models are bills. A fella once took me into a giant building in Michigan where they had a big tank of water. I said what is this? I said, this is the world’s largest swimming pool. He said no, it’s the ocean. I said what? He said it’s the ocean. This is where shipbuilders bring models, scale models, of ships in here and we throw everything at it that could possibly happen in the ocean to see if it will withstand it. It’s a model. They test it. In our financial world, we don’t do that. It’s like golfers going out. They buy the best clubs they can. They buy the best bag they can. They get the best balls they can and get the best tees they can. They get the best putter they can. Does it help their game? No, they’ve got it. It’s swing. It’s process, not the product. It’s the process that makes you wealthy. I thought we’d have time to do it today, but we’re going to have to go next week into eroding factors.
We’re going to dig into them in depth, but you’ve got to understand how serious this is for you. If you’re not taking your financial life seriously and you’re listening to all these big-name planners, let me tell you, they have biases. You listen to Dave Ramsey. He hates life insurance. He wants you in markets because that’s where they get to control your money. All these big-name financial people will not give you a complete model of your life. If you’re happy losing in this exponential curve you have called your life and you want to spend the remaining 20 years trying to scramble to build wealth to try to have a little bit left over, go for it. We can eliminate all that and make your life so much easier. So listen, if you want to get a free 30-minute meeting with me, go to RaymondJewell.com/meet and we’ll be glad to put you in there. You can actually schedule it yourself, whatever you want. I’ll be glad to sit down with you and talk to you. No obligation.
So anyway, I want to thank you all for downloading, watching, whatever it is. Please tell your friends and subscribe, watch, view, and all that kind of stuff. Take care. Have a great weekend. God Bless.
Thanks for listening! Please remember to subscribe to the podcast. If you want to learn how to create real sustainable wealth like the extremely rich people do, or maybe you just want to sustain the wealth you already have, you need to check out Dr. Ray’s new book “Why the Rich are Rich”. Ray’s been coaching clients for 35 years and has completely unlocked the secret strategies that rich people use day in and day out to grow and sustain their wealth, regardless of what’s going on in the economy. His book is completely free, and you can get it by going to https://whythericharerich.com and entering your email address. Again, that’s https://whythericharerich.com. Head over there now.