The 7 STEP Financial Fitness Intensive
"If you're looking to learn the Secret Psychology of Wealth then this is for you..."
You've grown up being told that certain things about money and investing are true. That it takes millions of dollars to be financially free. That our financial advisers and brokers have our best interest at heart. That our mutual and pension funds will support us when we get to retirement (If we have them) and, that inflation hovers between 2-3% annually. The reality of the situation is that most of these things aren't true.
Numbers don’t lie, and the hard data says that we are once again entering such an episode of increasing turmoil where banks are defaulting, nation states are buried under mountains of toxic debt, and governments will regulate, tax and oppress the population within their borders just to stay afloat. In Fact:
While the main stream media is busy with covering the latest celebrity adoption or the latest royal wedding or just being busy ignoring civilians getting financially bombed to bits by inflation, annual fees, high interest mortgages etc. At GSK Wealth Builders we’re busy giving you objective facts and the knowledge and strategies you need to protect your livelihood, your savings, and the future of your family.
Take advantage of opportunities you would have missed and, prevent you from making the same costly mistakes that millions make every day.
Whether you are a seasoned investor or just beginning to see yourself as an investor, the investing jungle holds the same dangers for all of us. There is a saying that "ignorance is bliss" But in the investing world most of the danger lies in the fact that what you don't know CAN and WILL hurt you.
You have to know that there are a lot of people looking to take a piece of your wealth. Banks and Investing institutions have extravagant offices with elegant furnishings in prime locations, massive infrastructure, thousands of people on staff, massive annual bonuses for that staff and the only way they can continue to sustain the spending is through your account that you have trusted them with.
The system is riddled with loopholes — what I would call "landmines" (9 common ones we experience) — that can blow up your financial future.
here I want to reduce the number of things that you don't know you don't know by going through one of the nine myths — you might call them lies — that have been marketed to you over the years.
If you aren't aware of these — if you don't see them coming — they will systematically destroy your financial future.
In the words of David Swensen, one of the most successful institutional investors of our time, to have unconventional success, you can't be guided by conventional wisdom.
Let's shatter two of the top nine financial myths that misguide the masses and, more importantly, uncover the new rules of money; the truths that will finally set you financially free.
Myth 1: Our fees? They're a small price to pay."The mutual fund industry is now the world's largest skimming operation, a $7 trillion trough from which fund managers, brokers, and other insiders are steadily siphoning off an excessive slice of the nation's household, college and retirement savings."
—Senator Peter Fitzgerald, cosponsor of the Mutual Fund Reform Act of 2004
(which was killed by the Senate Banking Committee)
In a Forbes article entitled "The Real Cost Of Owning A Mutual Fund," Ty Bernicke peels back the layers to dissect the actual cost and arrives at a heart stopping total: The average cost of owning a mutual fund is 3.17% per year!
If 3.17% doesn't sound like a big number to you, think of it in light of owning the market in the alternative. You can "own" the entire market (all 500 stocks in the S&P 500, for example) for less than 0.14% (or as the investment world calls it, 14 basis points). That's just 14 cents for every $100 you invest.
Below is the impact of fees on fictitious ending account balance:
Jason: $100,000 growing at 7% (minus 3% in annual fees) = $324,340
Matthew: $100,000 growing at 7% (minus 2% in annual fees) = $432,194
Taylor: $100,000 growing at 7% (minus 1% in annual fees) = $574,349
Same investment amount, same returns, and Taylor has nearly twice as much money as his friend Jason.
GSK Wealth Builders realizes by simply removing expensive mutual funds from your life and replacing them with low-cost index funds, you will have made a major step in recouping up to 70% of your potential future nest egg
It’s a simple & PROVEN PATH TO FINANCIAL FREEDOM.
Myth 2: I'm your broker, and I'm here to help.
"It is difficult to get a man to understand something, when his salary depends on his not understanding it."
Does the person with whom you trust to plan you and your family's future have every
incentive to operate in your best interest? Most would think "yes," and most would be wrong.
The truth is the financial services industry has many caring people of the highest integrity who truly want to do what's in the best interest of their clients. Unfortunately, many are operating in a "closed circuit" environment in which the tools at their disposal are "pre-engineered" to be in the best interests of the "house." The system is design to reward them for selling, not providing "conflict-free" advice. And the product or fund they sell you doesn't necessarily have to be the best available, or even in your best interest. By legal definition, all they have to do is provide you with a product that is "suitable."
To receive "conflict-free" advice, we must align ourselves with a fiduciary. A fiduciary is a legal standard adopted by a relatively small but growing segment of independent financial professionals who have abandoned their big box firms, relinquished their broker status and made the decision to become a registered investment advisor. These professionals get paid for financial advice and, by law, must remove any potential conflicts of interest (or at a minimum disclose them) and put the client needs above their own.
WE WALK PEOPLE OF EVERY INCOME LEVEL THROUGH THE STEPS TO BECOMING FINANCIALLY FREE by dispelling the myths and simplifying the challenges that prevent too many people from becoming wealthy on their terms.
At GSK Wealth Builders; WE WILL SHOW YOU HOW TO:
About the author: Sam Kakembo is an international investor, entrepreneur, and known as one of the most sought after Branding, Lifestyle Design, and Real Estate Developers in the online business community. He is an expert in creating wildly profitable online promotions that also skyrocket brand loyalty and good will without being obnoxious or even remotely "salesy". His e-letter and #WealthElevation crash course is about using the experiences from his life and network to help you achieve more freedom.
Ref: Based on extensive research and one-on-one interviews with more than 50 of the most legendary financial experts in the world—from Carl Icahn and Warren Buffett, to Ray Dalio and Steve Forbes--Tony Robbins has created this simple 7-step blueprint that anyone can use for financial freedom.