You Don't Have To Make Financial Mistakes Anymore

You Don’t Have to Make Financial Mistakes
By Dr. Raymond Jewell
Editor and Senior Economist Financial Heretic News

“Your mind is like a parachute, it only works when it’s open”

“If ten percent of the people control ninety percent of the world’s wealth than this proves that most financial planners, financial institutions, and accountants are wrong, otherwise the ninety percent would be in control of the wealth.” This is a known fact no matter how you try to rationalize the statement. Occasionally when I make this statement a small few will try to argue it away, but as they try to dismiss it they discover its validity.

Regardless of what you think about the above statement, there will always be a small amount of people controlling a large amount of wealth. The ten percent will always excel and there will always be the ninety percent who struggle and work to get ahead only to lose to inefficient strategies. Most of the ninety percent will follow strategies levied on them by the financial institutions, financial planners, and accountants unknowing that they will lose financially until it’s too late.

After working hard all your life, how would you like to wake up and discover that all you worked for was lost to the financial institutions and their representatives? How would you feel if you were expecting to retire on a certain level of income only to find out that the money you thought was going to be around was not there? There are horror stories after horror stories about just this situation. Many are losing huge sums of money to financial institutions and financial inefficiencies and they don’t know it. Although there are articles written about numerous scandals concerning these same financial institutions, the public goes into denial thinking that nothing can happen to them.

This ostrich syndrome caught many off guard in the late 1990’s and early 2000’s, where a huge majority of people lost massive sums of their hard earned savings with no recovery in sight. (If you lose fifty percent of your money, you would have to earn ten percent interest on your money consistently for more than seven years just to recover your loss, not considering taxes.) All of this happens because the general public feels that because these financial institutions are so big, what they say is always right. People fail to understand the reason they are so large is due to the fact they have convinced the ninety percent to give them their money.

Because these institutions are so big they don’t care whether they lose your money or not. You are simply a target in their sights. I once talked to an individual who had a master’s degree in finance from Harvard, for which he was very proud. I told him that what he learned from Harvard has equipped him to get a job with an employer and make his employer’s company stronger. He was taught how to enable his employer to grow; otherwise he was not an asset to his firm. All of the financial language that he learned was designed to make institutions stronger, but conversely when practiced by the consumer it, makes them weaker.

The financial strategies cannot make both financial institution and consumers stronger, as practiced under the current system. The financial people are trained by the financial institutions, and universities whose intent it is to train people to make the institution stronger. As a consumer, if you practice these strategies, you will become financially weaker. This is born true over time as you see and read about the casualties. Perhaps you have lost yourself, if you haven’t consider yourself lucky. Also, if you haven’t chances are you have tried nothing. The reality is that you don’t have to lose anything.

The same individual who went to Harvard listened, and after a long pause said to me, “You know every time I try to use what I learned at Harvard in growing my wealth and following strategies that I was taught to be sound, I failed. I never understood it until you put it they way you did. You are right all the financial information is pro institution.”

In order not to lose you have to know where you might lose. But how do you do that? How in the world do you see the future financially?

In order to avoid mistakes you must simulate your economic future and see where the mistakes are before they occur. Your economic future is not just financial but encompasses everything you do relative to your well being. When this is done, you are able to see where the financial inefficiencies are and apply them to growth. Through Economic Simulation®, you will be able to see the financial areas that will cause you harm before they happen.

As mentioned before, one of the distinct differences in the ten percent is that they remain highly efficient in everything they do and know where the financial minefields are so they stay away from them. The ninety percent continue to follow losing strategies and believe bad information, and lose. Losing is an option, you don’t have to lose! If you can see the financial mistakes before you make them, will you be able to avoid financial pitfalls? Economic Simulation® allows you to see mistakes before they happen.

You are probably saying to yourself “Economic Simulation®” what is it? Where is it? How do I do it? Ask yourself the question if you could see the financial mistakes before they would happen would you correct what you were doing?

Economic Simulation® is wrapped into a process called Personal Economic Coach® that is centered on simulating your economic future before it occurs, and allows you to see your financial future and know where you will make financial mistakes and how to avoid them going forward. Everything that you do gives you positive results, thus removing financial stress, and worry as to your financial future. You want to know that everything you do throughout your life financially will deliver what you want delivered without fail. You want the assurance that your economic life will be better now, later, and that you will be able to leave wealth to your children. To make sure that what you do financially will deliver your expected results later on in life.

Through this process, the financial institutions, financial planners, and accountants are exposed for their flawed advice. Needless to say they don’t like to be told they are wrong and try to discredit Personal Economic Coach® but truth is hard to discredit. The process is not for everyone since some people have trouble making paradigm shifts in thinking and are unwilling to let new information to enter their lives. I love the phrase “your mind is like a parachute, it only works when it’s open”.

If you would like to learn more about Personal Economic Coach® you may e-mail Ms, Kelly Campbell at kcampbell@myvirtualgroup.com or call 610-280-7000, Kelly is a Personal Economic Certified Coach and will be happy to discuss this process with you to see if this is right for you.