5 Tracks of Wealth

I have found it interesting, since the release of Killing Sacred Cows has come out, how many people are still so attached to the concept of continuing to put money into a 401k or qualified plan. They are so attached in fact that they wouldn’t consider an alternative even though their current strategy is failing right before their eyes.

This has inspired me to do a financial series this month for “Half Hour of Power” podcast. I will have Chris Miles from Engenuity Financial as a guest host all month for the 4 part series that we are doing. Chris brings a valuable viewpoint as a former qualified plan provider and financial advisor. Chris has seen both sides of the spectrum. We will breaking down 4 valuable topics:

Part 1- The Financial advisor mindset and How a bank deals with your money that is the complete opposite of what the average American does.

Part 2- Net Worth and Accumulation vs. Velocity of Money- Why your ideal life should start sooner than you think.

Part 3- Production vs. expenses- We are taught to manage expenses but rarely ever to manage production. Which is better?

Part 4- Average rate of return vs actual rate of return- why your qualified plan loses money even when it is supposedly “winning”.

We do the show live every Wednesday at 9:00am MST. You can download on iTunes or listen to past shows on this site as well. I welcome any feedback as well.

In Prosperity,

Brandon

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