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Living in a post-fact world? September 21, 2008

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There have been much commentary and books written about how easy people find it to ignore inconvenient facts. “True Enough: Learning to Live in a Post-Fact Society” by Farhad Manjoo is a great account of this phenomenon.  Many, including this author, point their fingers at the web as starting this process.  However, I think it goes back much farther than this.  After all, scientists have always had their critics, long after their discoveries had moved from theory to established fact (Think Darwin!).

Currently, much of the critique is centered on politicians and voters.  Politicians lie and we don’t care seems to be the refrain.  OK, tell us something we don’t know!  But even more insidious is the constant bombardments of lies coming to us on a daily basis from industry.  I think if I have to look at another commercial from an oil company or domestic car manufacturer telling me they are really environmental friendly I will barf! 

So when I tell you that Wall Street is lying to you, many people will sluff that off as “tell me something I didn’t know!”  But, the point is that the lies of Wall Street are going to impoverish you when you can least afford it.  If I sound strident at times, it is because I know that you can do better with your finances.  It is because I know you can learn to differentiate financial fact from fiction.  On this Sunday morning before I take my son to Sunday School, I am going to repeat a chart from yesterday to drive home the point.  Once again, I am not a brilliant stock picker, nor lucky, only made a decision to look at facts instead of fictions!


For the last year, HCN up 25% (+6% dividends), Berkshire Hathaway up 10%, S & P 500 down 18%.

My portfolio up around 15% mutual funds down around 20%, a 35% difference!

What is the most important aspect for wealth creation? August 21, 2008

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The simplest and simultaneously the most complicated aspect of wealth creation is your attitude.  Every author that has looked at the wealthy, every academic that studies wealth, and every wealthy person will tell you the same thing.  Yet, few folks fully understand that key point and if they do have no clue how to create the required attitude in themselves.

First, the reality.  The required attitude is opposite what most people have, therefore oppposite how people think and behave.   We are socialized first by our parents (family), then by school, and finally by chosen peers.  Without going into my whole problems with school structure (maybe a post for another day) lets just say schools are not designed to teach folks how to get wealthy but are designed to convince folks to become a working part of the middle class.  Most parents aren’t wealthy and so can’t pass on this wealth attitude.  Rarely do we surround ourselves with wealthy folks even if we could gain access to them.  So all these primary socialization factors are not only working against us gaining the correct attitude for wealth building, but actually create the opposite attitude.  This is why it is incredibly difficult to change our attitudes into alignment with wealth building.  Daily, minute by minute, the opposite attitude drips into both our unconscious and conscious brain.  Does anyone think they can turn around this damaging environment which rains down on them by simply reading a few books or going to a weekend seminar?

We know that a particular attitude is required to become a wealth builder, this attitude is opposite what we are taught.  We know that the opposite attitude drips down on us from everywhere on a daily basis.  We know that to change one’s attitude takes purposeful action over time, consistent encouragement, strong belief and tangible results resulting from the changed attitude.

That in a nutshell is what we do at the Shafer Wealth Academy.  The strategies are based on what social psychology tells us works.  Its that simple.  Its that hard!

Shafer Financial Philosophy? July 22, 2008

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Its been a while since I have outlined my philosophy, so I thought I would go over it for new readers.  I am a refugee from the standard financial planning community, undoing its damage to my personal finances, as well as offering an alternative opportunity to building wealth.

I practice what I call evidence based financial planning, a hyper-dose of reality for most people.  Not willing to cheerlead failure, I constantly research what works and what fails with wealth building.  This is not to say that any particular strategy couldn’t work for somebody, but figure the odds are against most folks in general, so why apply strategies that the masses of folks (I call the herd) have failed at over the last couple generations?  I eschew all those “retirement calculators” that require crazy assumptions like monthly inputs for decades and a never ending time horizon.  Having said this, I don’t believe you can get “rich quick,” but the get “rich slow” crowd also gets it wrong. 

Here is a quick hit list for what my research found out:

1.  You must have an in depth plan;

2. You must change what you are doing now;

3. You must want to become rich, not average, but rich;

4. Your mind is the most important financial tool you have;

5. It is not easy, simple or automatic; and

6. Copy what the rich do, not what the average or even mass affluent do.

If you internalize those six points, and operationalize them, you will become rich.

Now here is the final point, ironically our society is designed to get people to do the exact opposite of the above six points.  Our society, through the use of schools, creates mass consumers, with their independent thought processes disabled.  Fortunately, this can be a temporary situation.  I will give you one example of this in action.  Most people understand that only a few people become independently wealthy, in other words capable of living off of their finances without being employed or helped by the government.  Knowing that the vast majority of people fail at this basic task, people continue to do the exact same things the majority of people did to fail, just because that is what they are told to do by the mass media.  This is how the schools work; substitute the masses of people for the students,  the mass media for the all knowing teachers, and Wall Street agents for the school bureaucrats (administrators) and you have the system for financial planning.  It is designed to be self-serving, just like the schools.

Here is what I found out about creating wealth:

1.  You need to get double digit returns in order to build it and that requires learning to invest yourself, not be dependent on others who will suck the returns away from you;

2. You need to use leverage, either financial, labor or value leverage;

3. You need to either own or be a primary investor in a small business where you can apply labor leverage and/or value leverage (this can be concurrent with being an employee);

4. You need to learn to legally avoid taxes, the biggest drain on your finances; and perhaps most importantly

5. You need to change the way you think about yourself developing the thought patterns of the wealthy.

Hopefully, everything I post is about one of those five items.  I know the Shafer Wealth Academy adheres to those points.

I also point out that everything I suggest above, I personally do.  I blame that for my ever increasing net worth.

Taking on the Herd! July 15, 2008

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Once a month I go out into cyberspace to see what is out there of interest.  You get a real good understanding of how the herd is created, maintained, and led to slaughter doing this.  So I thought I would post today about the underlying assumptions that engender the herd creation.  Of course the uniformity of opinion on the net/blogs is truly amazing given the supposed openness of the medium.

The first assumption is the hatred of debt.  Now, all these assumptions have an strong emotional component to them, but debt has perhaps the strongest emotional tug to it.  Mainly aimed at those folks who carry large credit card debts and have no self control over purchasing consumer items, “financial experts” have created careers by telling people how bad debt is and making them feel really bad about themselves for having it and paying interest.  There is very little discussion on how debt functions, other than as a way for banks to make money off of people.  It is usually the first thing these experts say to do, get rid of credit card debt and then start paying down that mortgage.

Here is what the experts don’t tell you.  Rarely does a person build any substantial wealth without the use of debt.  Mortgage debt has produced more wealth for folks than mutual funds, bonds, or any other financial instrument.  In fact, the more wealth a person accumulates, the more debt, at least in the accumulation stage.  Debt is pretty simple to understand.  If the cost of the debt is less than the appreciation or value created by incurring that debt then the debt creates positive net worth.  The trick of course is to make sure you can service your debt while this appreciation or value is created.  Without the use of debt there is few if any folks who could create wealth.  So by creating a fear/dislike of debt, these experts are conditioning folks to fail and to fall into the next assumption.

You can create wealth by making small monthly inputs into mutual funds.  Sold as a risk-free way of building wealth, mutual funds have a soiled history and data indicates that again rare is the person who builds real wealth through mutual funds.  The latest permutations are the low expense index funds and exchange traded funds (ETFs).  Taking on one of worst abuses of the mutual fund industry (high expenses and fees) these folks encourage the concentration on fees and expenses correctly arguing that by limiting these and foregoing active trading one can decrease risk (variability) and approximate the market return.  This view is especially popular among the young.  Not surprising, because its hard to imagine the challenges of keeping dropping money into an account that come later with children, lay offs,  sickness, etc.  Its pretty easy to drop a little money into a 401K when you are young even if this means being a little more frugal than your peers, but wait to the kids need new shoes for school or that latest computer game, or you need to fly across country to take care of an ailing parent!  History has demonstrated how hard it is to have 35 years of uninterrupted inputs into a retirement account.  And if you have some interruptions, then that 8% rate of return you thought was adequate, disappears into smoke.  The fact remains that people who acquire wealth, need to gain double digit rates of returns because of intervening life events.  And if you start late in life, forget about creating wealth or even a decent retirement getting only 8% on your investments.  And if you retire into a poor return environment you are doubly screwed.  Simply put, that risk free investment has demonstrated to be almost a guarantee of a poor retirement.

The final assumption, and probably the hardest one for people to get over is that you can create a decent retirement by being an employee.  This is demonstratably false under today’s environment, but was at least partially true in the last three generations.  When defined benefit pensions were the norm, companies honored a pact with their workers for mutual advancement, lay offs were unheard of and social security and medicare were solvent into the foreseeable future people retired comfortable if they were willing to work hard at a job.  But that is not the environment now, unless you work for the government.  And even local governments are starting to balk at the defined benefit retirement plans that are driving them into bankruptcy. In essence we are all free agents now, dependent on ourselves to produce, save, and invest.  So why be an life-time employee, if you are really a free agent, only of temporary use to your employer?  Now I am not saying quit your job.  But you have to start thinking like an employer at all times.  Usually, this ends up with making plans and implementing a strategy that includes running your own business during periods of your life and using your built up capital to leverage into creating value of some sort.

I conclude with some words from conservative commentator Paul Poirot, writing in 1950.  Not that I ascribe to all his words, but believe that he describes the world we now live in:

“The only security any person can have lies within himself.  Unless he is free to act as an individual, free to be productive, free to determine what part of the production he will consume now, and what part he will save, and free to protect his savings, there is no chance he can find security anywhere….In an industrial societey of specialist, who exchange products, the process of saving involves the investment of money in productive tools which will return income to their owner to whatever extent those savings might be useful to a new generation of productive and thrifty men….Government gifts to the aged [pensions] cultivate a robber instinct among men who are in search of security.  In a society of free men the aged will find protection, have always found it, by their own efforts or by those younger men and women who look to their elders for instruction and guidance in the ways of truth.”

There is none so blind as those who will not see! June 27, 2008

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Study after study has documented the difference between those that build wealth and the majority that don’t is based on attitude and how one thinks.  But that fact doesn’t change anything for the readers.  So you know that in order to build wealth you need to change the way you think.  But how?  That is the problem that I have been dealing with both personally and professionally for twenty years.  It finally clicked for me about 10 years ago, but it took 5 years to fully implement.  The results were wonderful and allowed me to build the life I wanted.  Part of the implementation was sharing with others what I had done for myself so I created the Shafer Wealth Academy  (www.shaferwealthacademy.com).  Now it is my privilege to help clients build the mind-set to create wealth in their lives.  Frankly, I talk to many people who choose not to become clients and that is frustrating to me.  Why, I wonder?  They are obviously in need of help as they are uniformly not wealthy. 

I have come to believe it is that word “security.”  It is ironic that in an environment where the majority of folks are constantly in danger of losing a job, losing a home,  retiring poor, losing money in investments, etc. that they consider the way they are currently living a safe and secure environment, something to cling to, but that is the way it is.  I guess I have to be the bearer of bad news and tell people that the security they feel because they get that paycheck every month or because they throw a little money at a mutual fund every month or they are paying off their mortgage every month is not security but blindness.  The only security in our current economic environment is the security of being able to be independent.  To not need an employer, to not need an financial planner, to not need any financial expert, to not be dependent on anyone else for your livelihood.  Once you have THAT feeling, you are truly secure.  Once you are secure you might choose to work for someone else, or you might choose to work with a financial expert, but that is a choice not a requirement for you.  Now I use a particular kind of “shock therapy” to help people get to that point, called net worth analysis.  If you figure out your current net worth and working net worth you get the real picture of where you are financially.  That to most people is a shock. 

We have been taught the way to react to that reality is to become more frugal.  There are a multitude of folks out there that will tell you by getting out of debt, becoming more frugal, etc. you will solve your financial issues.  But does that make sense?  After all you haven’t really changed anything other than impoverished yourself more by cutting your spending on things.  Does that make you feel more secure?  Does that change the way you think?  Does that make you feel better about your life?

The truth is it is better to not be in credit card debt, to not spend more than you make.  But I fail to see how this fact makes you feel better, more secure.  No, its just saving so you can spend later in life when you are no longer economically valuable enough to anyone that would pay you to work.  And the results of this thinking most of the time, ends up with folks who are dependent on the government. 

Are we starting to see the theme.  That security folks feel is really dependency.  Just as a child eventually gets thrown out of their parents home and has to make it on there own, folks need to step up and throw off their security blankets.  That is what we teach at the Shafer Wealth Academy.  How to step by step throw off that security blanket and become financially independent.  And that is why many folks don’t join.  That security blanket feels so good!  There is an old proverb that sums it up: There is none so blind as those who will not see! 

Review of Marketopoly re: Real Estate Investing June 18, 2008

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The mass media can usually be counted on to bark up the wrong tree when it comes to anything having to do with finance.  Real Estate Investing continues the mass media’s totally clueless act!  If you listened to the media you would think that only a fool would invest in real estate because everyone that owns real estate is going into foreclosure and has lost their shirt due to price devaluations.  Of course this is bunk and many folks continue to build massive amounts of wealth through real estate.  If anything the recent foreclosure activity and credit crunch has increased the demand for rentals, therefore increasing the value of investment property.  As I have said before “fear” is what the mass media sells, not rational or factual discussion.

The real question is how does one keep from making mistakes when investing in anything, including real estate?  The answer is first educate yourself, then find a mentor/professional to help guide you.  Enter a new book into the marketplace, called Marketopoly.  Mark Mackenzie decided to write the book after getting tired of the constant negative information being put out there by the mass media.  Mark designed the book as a primer to becoming a real estate investor instead of a speculator.  Consider it an antidote to the years of seminars and books designed to turn innocent folks into real estate speculators that resulted in most of them losing their shirts and their credit.

You want to learn how to invest in real estate.  Read this book first.  Divided up into easy to read sections it parses the most important subjects for real estate investors; inventory, market demand, market timing, and analytical metrics.  The reader will learn how to think about investment real estate, why real estate appreciation is only the icing on the cake for investors, and how to calculate cap rates, return on investment, and cash flow.  Mark Mackenzie is among the few real estate brokers that has taken a national view of real estate.  He insists the real estate investor must invest in markets where the fundamentals are strong, regardless of where the investor actually lives.  This is sage advice.  I wish Mr. Mackenzie would have added more depth when talking about taxation, but since he is a real estate broker and not a CPA, I think he made a decision to keep with what he knows best. 

You can order his book here:  http://themarketopolybook.com/

By now most folks know that I really love the wealth building capability of real estate. By becoming a real estate investor you can separate yourself from the herd. If you want to build a wealth creation plan based on what works, not what Wall Street wants you to think works, then click here:  http://www.shaferwealthacademy.com

Life Insurance; Who Owns It and Why? May 27, 2008

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Last week I spoke about my dislike of mutual funds as folks primary investment.  This week I am talking about Life Insurance.  Now let me be clear, like mutual funds, life insurance will not make you wealthy.  However, it will provide a hedge against inflation and will protect you from the tax man.

Interestingly, most of the mass media “financial experts” tell people to buy term insurance and invest the difference at best, while some tell you how bad insurance is as an investment.  Well, as usual, their advice runs contrary to what the wealthy actually do. 

First off, as a financial product permanent life insurance is one of the few that has performed as it is advertised, with the exception of variable universal life insurance.  So right off the bat, I am telling you to not buy that product.  You see life insurance is not an investment, at least not the way some people try to sell it.  Variable life insurance allows you to invest your cash value in mutual funds (any bells going off for you?).  But the inherent costs of the product as well as the ability for folks to try to “time” the stock market makes it an inferior product in my opinion.  But for variable universal life, permanent life insurance is a great product.

First, what it allows you to do.

1. Create a pool of money that YOU own and can be accessed without penalty (as long as you don’t end the contract), and without tax issues for whatever reason you want without government interference;

2.  Create a pool of money that your heirs can receive tax free (with the exception of the inheritance tax);

3.  Create a pool of money that has guaranteed principal and minimum guaranteed rate of returns;

4.  Create a pool of money that is protected from lawsuits (except divorce);

5.  Protect your family from loss of your income if you die prematurely; and

6.  Create a pool of money that can sustain you in your retirement years.

This money is protected by the insurance company you write the contract with.  Life insurance companies rarely fail, unlike banks which fail by the thousands every decade or so.

Perhaps the most telling point is to look at what corporate executives use for their compensation packages.  Here is a very small slice of companies that pay for life insurance as a form of compensation for their top executives:

American Express/Anheuser-Busch/Bank of America/Dow Chemical/Fannie Mae/General Electric/Johnson & Johnson/Harley Davidson/Pfizer/PNC Bank/SunTrust Bank/ TD BankNorth/Wachovia/Verizon/Lockheed Martin

The king is apparently William Ryan of TD BankNorth whose annual premium of $1,260,000 is paid for by the corporation.

Interestingly, banks along with purchasing life insurance on their key executives also buy what is called “Bank Owned Life Insurance.”  They own a tremendous amount of life insurance because it is considered “TIER ONE” capital, which is there to protect the bank in times of adversity.  Other Tier One capital includes cash, gold, funds borrowed from the federal goverment and the federal reserve.  Just so we understand, banks buy cash value life insurance for safety and as a reserve requirement.  How much?  Over  110 BILLION dollars of it. Corporations also own quite a bit of it.

So financially astute executives own it, banks own it, corporations own it, why do the so called experts tell you not to own it?  Even some of the corporations that own alot of it (GE), have their employees giving out advice not to own permanent life insurance!!  Are you ready to throw out all those financial advice books into the nearest trash can yet?  You should!

Here is the final story I would like to tell you.  It might make your blood boil as it tells the story of how a corporate criminal kept millions away from those that he harmed.  Remember Enron and its main man Kenneth Lay?  About 10 years before his death, Enron purchased a $11.9M life insurance policy for him.  In bankruptcy the trustees was able to collect the $1.25 M in premiums from his estate.  Of course that left over $10M for his family.  That came in handy as the rest of his estate was valued at $0.  So after his death his wife collected over $10M that was paid for by Enron and no one could sue to get that money.


How do I BEST set up my children for a financially sound future? May 21, 2008

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This question has been proposed to me by several clients.  So I decided to spend a little time discussing this important topic for parents.

First,  is education of course.  As soon as they start understanding the concept of money, you should introduce the theory of saving.  Create a savings account for them at a early age.  When they get to an appropriate age then let them handle the details.  Games like CASH FLOW can help too.  But beyond early education there are some realities that need to be dealt with.  So I want to concentrate on strategies parents can employ to deal with the reality of young adults psychological makeup.  Now, you are always going to have some children that from an early age are financially astute.  However, these kids are the minority.  The reality is, despite being correctly raised, most will spend their teens and twenties behaving with other priorities.  Part of this is the result of the slow maturation of a human brain where neurons that are actually created in the early teens are not wholly linked up to the rest of the brain until the twenties.  Environmental influences encourage reckless behavior that coincides with this lack of a fully mature brain.

So, although education is important, it will likely not take hold until later in life for most.  Combine this with the fact that most young adults make moderate salaries, including college educated ones, and you see why the evidence points out to the age of 40 where concerns for retirement and their financial future really emerge.

So, I have developed two strategies that parents with some disposable income can employ to really give their children a great start.

But first the rules:

1.  First, make sure you have a reasonable plan for acquiring wealth in place.  The best thing you can do for your children is not be a drain on their finances during your senior days.

2.  Second, don’t listen to those “experts” who think you should fund a tax deferred investment for your kids.  This makes little sense, the amount of time young adults have to retirement will assure a huge tax bill coming due when they take the money out of the 401K/IRA/Annuity.  Since they make moderate incomes, their current taxation is not the problem.

3.  Finally,  help them in their twenties and thirties (or even earlier if you can afford it), when they are least likely to help themselves or be able to help themselves.

4.  Set up the following accounts with the thought that you want to keep them from having full access at least to age 25.  Talk to a good lawyer to help you figure out how to do this!

So here is a plan for a $12,000/year budget, but you can change the amounts for any budget:

Set up a money market or savings account for the child or young adult.  Every month put automatically a deposit of $500 into the account.  Do this for at least 10 years.

Have the adult open a brokerage account or you open one under the child’s name.  Whenever there is enough money in the savings account buy one share of Berkshire Hathaway B’s (current cost $4400).

Buy a Equity Indexed Universal Life Insurance Policy for the child.  Fund it with $500/month for at least 10 years.  Make sure to have it set up to minimize the insurance face value under IRS codes.  You will need to have a fixed amount of time you plan on making premiums to set this up right.  

So let’s take a look into the future.  Let’s say you made a 15 year commitment to your child’s financial future, starting at his 20th birthday and going to he is 35 years old.  Now, Berkshire Hathaway has returned over 21% for the last 43 years and over 18% for the last 10 years, but lets be conservative and use 15% for the next 15 years.  For the EIUL I use a ultra conservative 6.5% rate of return and use the 15 year commitment.

When he is 35 years old he will have a brokerage account worth around $335,000.  His cash value  (I used a male for this example) would be $104,000 with a face value of $760,195. 

Now remember this is about the age where we find adults starting to take their future finances seriously.  But let’s say he does nothing else but maintain these two accounts.  What does it look like at age 65?  Well his brokerage account is worth about $29,000,000.  Yes, that’s right.  And his insurance account is worth $711,000.  Now, remember the brokerage account number is very speculative assuming that 15% rate of return for 45 years.  But I just wanted to give some perspective to this.  I don’t really believe that Berkshire Hathaway can continue its return for 45 years, but I do believe if can for the next 15 years.

Now you might be asking why fund an insurance account when the money will create so much more wealth in Berkshire Hathaway.  Two reasons, one we don’t want any temptation to spend from that brokerage account, so we have the cash value inside the EIUL that can be accessed for things like a down payment for a home/investment property or a wedding, or a temporary job loss, etc.  Remember it can be accessed tax free.  Learning to borrow and pay back from your insurance cash value is a valuable lesson as well as a cheap way to borrow.  Secondly,  a sound financial strategy for dealing with wealth are these EIUL’s which he will already have experience with.

So there it is.  An easy way to set up your children for an abundant future.  Dial the numbers up or down as your budget allows, but stick to it for at least 10 years and your children will have a living legacy, then give away your money at death to your favorite charity!

Competition for YOUR Money! May 19, 2008

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The financial advice industries have been competing for your dollars for at least 1 hundred years.  These industries are the securities industry (Wall Street), insurance industry, banking industry, and now the accounting industry.  So with all this competition the consumer is finding it easy going right?  Well, exactly the opposite has happened.  Part of it is you, the consumer, of course.  These industries spend much money finding out what you want or put more aptly what will make you buy their services.  And you have told them.  Things like flexibility, reduced risk, simple ideas, etc.  So that is how they market their products to you.  But there is one big problem.  It is all based on a lie.

This lie is that you can produce wealth (or a comfortable retirement) without taking risks and with simple minded advice.  Now, this lie works for these companies because they can hire armies of sales people, who will perpetuate this lie mainly because they don’t know any better.  One interesting fact in The Millionaire Next Door series is that Financial Service workers actually are what the authors call wealth underachievers.  In other words, for their income level, they create less than average wealth.  Folks these are the people who are giving you advice!

If you are going to take advice from anyone, should it not be the overachievers?  Or the people who actually have built wealth?

Now, these industries each have products that are useful for building wealth.  But generally, they must be used  in novel and creative ways to accomplish wealth creation.  And in each of these industries, a small slice of the folks actually know how to be creative with the products to help you fund a bountiful life.  You need to find these folks to help you. 


But first you need to arm yourself with enough knowledge and a realistic

wealth building plan.


Go to www.shaferwealthacademy.com for that plan!

Is it really simple to get rich? May 6, 2008

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One of the interesting phenomenons in the finance world is the ability of Wall Street to get people to hold two opposing but simultaneous opinions.  Over the years Wall Street has engendered many articles and even books that tell us that it is simple to get rich.  Simply invest monthly into mutual funds and “whala” you are rich.  Of course they supply their sales people with charts and statistics that demonstrate this simple fact to you.  Then with a sleight of hand they take that simple away from you and tell you to get a “professional” to advice you.  So simple you need a stock/mutual fund salesperson to advice you so you stay out of trouble?  So simple that they need to tell you all about their money manager’s pedigree?  So simple that they tell you to get a “check up” annually so changes can be made?  Hmmmm…..is there something in your brain telling you that maybe it isn’t that simple?  Can you look around and see all those folks who became rich because of mutual funds?  Is there any study of rich folks who document their wealth as a result of investing in mutual funds monthly?  

There is an interesting chart in the back of “The Millionaire Next Door,” which documents their study of folks by occupation that are overachievers and underachievers when it comes to building wealth.  In other words, have they built more wealth than expected given their income or less.  Financial Services Professionals come in as less.  Are they not taking their own advice?  Or are they?  Maybe they are spending to much on trying to impress their clients and not enough on investing?  But, the bottom line is if they were so “expert” in investing surely they would do better than the average folks in building wealth, wouldn’t they?

I have documented the results many times before.  I have pointed out the faulty assumptions before.  I have strongly suggested, if you are concerned about your retirement, that you not only take a look at my website www.shaferwealthacademy.com but you fill in the contact information so we can have a discussion about wealth building.  Is your brain telling you it is not so simple as Wall Street has propagandized?  Are you willing to admit that you might need a little help?  Are you going to continue to do what Wall Street wants you to do? Or are you ready to take control of your destiny? Because it really is more complicated than putting a few hundred dollars a month into a mutual fund!