If you died today, who would take care of your family: Insurance is not the only game in town.
Insurance can be a good thing. It can provide peace of mind, have you know that if the worst thing happened: your family, your business will be taken care of. However, does it take care of “now?” Does it help you design your future that is 5, 10, 15 years down the road?
Insurance does not help with daily life, it is not designed to nor should it be asked to do so. So, where else do we look to “insure” against catastrophic failure AND provide for us in the short term? There are several viewpoints on that, but there seems to be one that is head and shoulders above the rest… It is called wealth coaching.
What is Wealth Coaching, and how can it help me? Like any form of coaching, the quality of the coach is paramount, that and their ability to communicate with their “student.” Availability to respond to important questions is another and then their own resources … are they available to you? What kind of people do they rely upon and will they be accessible? If you can say yes to all these questions then you are on the right path.
Creative Tax Planning can sometimes be part of the portfolio of skills that are offered. Creative can mean many things, so make sure that this is used to describe a very thorough review of all possibilities that lead to a well thought out tax planning techniques. It is often surprising just how many deductions are consistently missed and how much money is being lost to the tax man that should be in your pocket!
When Building Life Long Wealth is something that is shown to be possible, many fears and concerns can be laid-to-rest. Financial freedom is a real possibility. Ask all the coaches that you interview what their own personal story is and who their coach is. Their is no point in placing your trust in someone who does not practice what they preach!
Remember: a well thought out and implemented plan that incorporates asset protection strategies, creates an wealth educative environment, and allows you to plan for your retirement will create a solid template to take care of your family – no matter what.