Through my experience managing my family’s personal finances, I’ve learned to utilize alternative approaches to typical financial planning to grow our wealth. This approach has allowed us to take control of finances to find more efficient ways to store our cash, increase income, and build wealth outside the traditional banks and volatility of the stock market.
I’ve discovered how what I was doing aligned with the core principles of the Prosperity Economics Movement. Therefore, I created Premier Trust Advisors to help educate people on the truth of money so you, too, can take advantage of alternative approaches outside typical financial planning.
Prosperity Economics maximizes what you have, minimizes taxes (not just now, but in the future), and keeps money in your control. It focuses on cash flow rather than accumulation, and it protects wealth rather than subjecting it to constant risk.
Prosperity Economics seeks to help people regain control of their money. In contrast, typical financial planning advocates that Americans:
- Save money in banks that offer no privacy or protection from creditors, the IRS, or civil forfeiture.
- Hand over their investment dollars to companies who will charge perpetual “management fees,” whether or not their funds are gaining or losing.
- Analyze their “risk tolerance” and instead of protecting their money.
- Recommend investments that roller coaster ride with the stock market and are not guaranteed.
- Take tax deductions now by maxing out their 401(k)s and IRAs, only to pay more taxes later.
- Tie up their dollars in places where it can’t be easily withdrawn or borrowed against.
THE 7 PRINCIPLES OF PROSPERITY™
- THINK: Owning a prosperity mind-set eliminates poverty; scarcity thinking keeps you stuck.
- SEE: Increase your prosperity by adopting a ‘big picture’ perspective in which you can see how each one of your economic decisions affects all the others. Avoid financial ‘tunnel vision.’
- MEASURE: Always measure your opportunity costs—what your dollars could earn if you did not spend or commit them elsewhere. Awareness of opportunity costs enables you to recover them. Ignore this at your peril.
- FLOW: The true measure of prosperity is cash flow. Don’t focus on net worth alone.
- CONTROL: Those with the gold make the rules. Stay in control of your money rather than relinquishing control to others.
- MOVE: The velocity of money is the movement of dollars through assets. Movement accelerates prosperity; accumulation slows it down. Avoid stagnation in assets where dollars accumulate but are not put to use.
- MULTIPLY: Prosperity comes readily when your money “multiplies”—meaning that one dollar does many jobs. Your money is disabled when each dollar performs only one or two jobs.