Your Personal Economic Model

Your Personal Economic Model

One tool we use when discussing the best course of action to secure your financial future is the Personal Economic Model®. Just as a medical doctor would use an anatomical model to convey medical concepts, we use the following model to convey financial concepts.This...
Zero Line

Zero Line

Spender, Saver, Wealth CreatorYour financial personality type determines your financial position in life.  Let’s say there is a zero financial line that represents a position where you owe nothing and have nothing.  Perhaps you can remember those days getting started...
Collateral Capacity or Net Worth?

Collateral Capacity or Net Worth?

If young Bill Gates had knocked on your door asking you to invest $10,000 in his new company, Microsoft, could you get your hands on the money? Collateral capacity is access to capital. Your net worth is irrelevant if you can’t access any of the money. Collateral...
My Future Self

My Future Self

My future self and I become closer and closer as time goes by. I must admit that I neglected and ignored her until she punched me in the gut, grabbed me by the hair and turned my butt around to introduce herself. Well, at least that’s what it felt like every time I...
Tax-Deferred does not mean Tax-Free

Tax-Deferred does not mean Tax-Free

It never ceases to amaze me when I meet with people who do not know that tax-deferred does not mean tax-free.  You mean I have to pay taxes when I take this money!?  This is not all mine!?  These are common remarks I hear as we are looking at their most recent...