never run out of money -- life income mandates
DESCRIPTION
Without your wealth you can't sustain the life you want - and you're not free to enjoy the lifestyle you would choose. From savings, business, pension, inheritance, even winning, the Life you want depends on overcoming many risks. Greatest reward will be creating a bigger future -- for yourself and the ones you love. Here are questions to ask, and resources to enjoy and share while protecting your wealth, your future, and those dearest to you. >>> See more also at Amazon, "A Lifetime Of Wealth -- And How Not To Lose It"TRANSCRIPT
Never Run Out of Money <>
Power of Life Income Mandates
Brian Weatherdon MA, CFP, CLU, CPCAAuthor, Speaker, Financial Planner.
Aligning your Wealth & Life to overcome fears andsecure your income, lifestyle, & comfort to age 105
Main sources of financial wealth:
• Family business: sale or succession• Pension from an extended career • Significant family inheritance• Surprise windfall / lottery winnings• Strong steady life-long savings
• But what are the risks?
Risks of losing wealth & income:
• Afraid of risk: invested poorly at 2 - 4%.
• Afraid of “missing action”: lost 30 - 90%.
• Spent too much too soon: money’s gone.
• Frivolous spending: money is gone.
• No plan for life or money: now it’s gone.
• Lack of guidance: pressures of guilt or fear.
“My best day was when ...”
• Best day was in the past? If your past is bigger than your future, this is a risk.
• A problem with winnings (cannot beat the day you won a million!) a similar problem occurs with other major wealth events too.
• You can’t go back and re-build that pension, re-inherit that bequest, build the same business value again. But looking forward . . .
“Really looking forward to ...”
• Life-dreams & income from sale of a business can be as satisfying as your business ever was.
•
• Fulfilling your lifestyle dreams via pension or savings can be highly satisfying too.
• Connecting with the “values” that created an inheritance and with which you carry its trust for the future, can secure this wealth both for your lifetime and for family who follow you.
What future would you like?
• If we had ways to sustain income through life’s journey, and enjoy the life we choose along the way, would this be valuable?
• If you can sustain your life & fulfill dreams while giving and sharing even more than you gained, would that also be awesome?
• Asking such questions can unlock some simple yet powerful answers.
Resources for life-long income:
• Exit Strategies from a Business to get the life you want: http://www.guaranteedincome4life.ca/blog/exit-strategies-for-business/
• Exit Strategies from a Pension to get the life you choose: http://www.guaranteedincome4life.ca/blog/exit-strategies-from-a-pension/
• Life Income Mandates – for perpetual and increasing income: http://www.guaranteedincome4life.ca/blog/life-income-mandates/
More resources for the life you want
• Experience this website to help focus on your future: www.GuaranteedIncome4Life.ca
• Get 5-star book, Amazon/Kindle/bookstores: “A Lifetime Of Wealth – And How Not To Lose It” http://www.amazon.com/Lifetime-Wealth-how-not-lose/dp/1489579540/ref=sr_1_1?
ie=UTF8&qid=1380311791&sr=8-1&keywords=a+lifetime+of+wealth+--+and+how+not+to+lose+it
• Visit www.ALifetimeOfWealth.info