Tag Archives for " wealth "

Your Disappearing 401(k) Retirement Fund

The Curious Case Of Your Disappearing 401(k) Retirement Fund…

(And The 5-Word Solution To Make It “Re-appear”)

Disappearing 401k Harbor InstituteThe year was 2008 and for most people, who relied on their 401(k) as a source of their retirement nest egg, it was a terrible year.

Many people lost 30, 50, even 70% of their funds in one short period of time during this historic market crash.

We don’t want you to have to relive the past, of course.

Following the correct blueprint can help you avoid losing any part of your precious nest egg and protect your retirement fund.  Part of any reliable blueprint should also increase the chances of you multiplying the wealth inside your 401(k) fund.

But sometimes, even blueprints can leave critical details out.

How to follow the “perfect blueprint” and STILL lose part of your 401(k) fund?

You don’t want to make the mistake of checking boxes, selecting options, and then turning your 401(k) form in and then leave the rest to chance.

So what do you do?

It’s critical that your 401(k) gets updated at least twice a year to reflect changes in the current market.  But even then you can follow the perfect blueprint, and get all the information about the markets you want.

You’ll even make changes to your fund … only to hemorrhage money anyhow.

How does that happen?

By participating in a wealth system designed to make you poor.

The fact is: your IRA or 401(k) is a financial product. And just like any product in the market – from milk to a Lexus – there’s a price tag. And you may be paying much more than you’d expect – to fund your retirement.

Even worse, that “price tag” can’t be found anywhere on your monthly 401(k) statement.

The good news is we’ve found the person who can help you discover this price tag.

Who is it?  And how can you find this “hidden price tag”?

The 5 secret words to ask your broker, so you can quit paying “the hidden 401k price tag”…

The majority of account holders still don’t know they’re being charged this hidden price tag. And those who do don’t realize how big of an impact it’s making on their retirement.

If Ben Franklin were still around today, he might say that “nothing can be said to be certain, except death, taxes, and the hidden price tag on your retirement.

So what should you do if you don’t know the impact of this “price tag” on your 401(k)?

Here are 5 secret words that will force your plan administrator to spill their guts:

“I want a fee audit.”

This is the ONLY way to find out exactly what you’re paying to your broker. These fees are taken “off the top,” so you won’t find them on your monthly statement.  Now, you can reclaim them.

For more details, and to understand how to get the most out of your 401(k), get a copy of our related report by clicking the link in the box below.

Obviously, having the proper guidance and advice when it comes to protecting your retirement is a large and complex topic.

This article only represents a small sliver of the immense volume of tactics, strategies, and retirement-securing knowledge we offer our Members.

How to Build a Recession-Proof Financial Fortress

Tom Daniels was an average middle-class American in the 90s. He worked for a Fortune 100 computer company that offered a traditional pension program.

He knew that a pension alone wasn’t going to help him reach his retirement goals. So when the company announced a new 401(k) program, Tom enrolled.

For several years, his 401(k) grew faster than expected. Tom was putting in the maximum 15% of his paycheck, the company was matching the first 5% in contributions, and high investment returns were starting to make retirement look possible.

Then, the dot-com crash changed everything. Tom lost 33% of his 401(k) virtually overnight.

The company responded by hiring new management and a new trustee for the 401(k) program. Now there was a broader menu of investment options with names like “growth fund” and “balanced fund.” These funds didn’t seem match individual investor plans, such as those offered by big name mutual funds.

Finally, with a cracked nest egg and more questions than answers, Tom turned to a financial advisor who understood what the plan was and new of an unpublicized “back door” that allowed participants to invest in mutual funds available to individual investors.  He put together a diversified and growth oriented portfolio. Almost immediately, the 401(k) started earning higher returns, eventually making up half of his previous losses.

Then another unexpected blow. During 2006-2009, Tom lost another 50% of his retirement. Shortly thereafter, Tom was permanently laid-off and decided it was time to get out of the roller-coaster

For the next 2 years, he looked for a way to build a solid nest egg completely apart from the stock market. He knew he had options, and also knew that he didn’t understand those options.

Then, Tom discovered an obscure 46-year-old law created by the IRS  that helped him earn worry-free consistent returns while creating 100% tax-free income for life.

Today, Tom has full confidence in his financial future. Do you?

WARNING: Proceed with caution. Taking control of your retirement requires understanding the financial system as well as the wealthiest 1% of Americans.

Being willing to take charge of your financial destiny is only the first step. If you don’t know how to navigate the latest investment laws and IRS tax codes, you’ll get slapped with penalties and interest.

3 Things Ultra-Wealthy People Do Differently

Think like the rich… earn like the rich. Here are 3 things the ultra-affluent do differently, which anyone can use to flex their money making muscle.

Ultra-Wealth Factor #1: They accept 100% responsibility for their financial results.

Wealth comes to those who are committed to success while others just sit around wishing and hoping for things to be different.

Most individuals are taking no initiative, pretending like they can wait out the crisis like a bad storm – or worse, waiting for the government to bail them out.

Well, it’s not going to happen. You alone have the power to change your financial fate.

The best time to take control was 20 years ago, but the next best time is TODAY. Seize the day.

Ultra-Wealth Factor #2: They surround themselves with others who share their goals or have already achieved them.

If you surround yourself with individuals who are willing to take shots in the dark instead of seeking expert help, you are much more likely to follow the crowd and chase the latest “hot” funds instead of playing a long game designed for YOUR goals.

Bad advice and the lack of good advice both have the same result. You should never follow the advice of someone who isn’t qualified and/or doesn’t represent your best interests. And you definitely cannot afford to plan for retirement alone.

Seek out expert help with a legal fiduciary duty to you and your money.

Ultra-Wealth Factor #3: They are committed to life-long learning

What you lack in knowledge, you pay for.

Think about it this way: if you don’t know how to seal the leak in your plumbing, you need to pay a plumber to do it. If you don’t know how to build a deck, you need a contractor. And if you don’t know how to protect and prosper your finances, you need advisers with your best interests on the line.

One True Secret About Wealth That You Can’t Buy

The One True Secret About Wealth That You Can’t Buy With Money…

You would think that “how to make more money” would be the main topic 100% of the time on a financial expertise website like The Harbor Institute.

Making money is one focus, but as you’ll soon see, it’s not really what you’re looking for when trying to build wealth.

Money is certainly important, and also makes things a lot easier when you have more of it.  But when it comes to wealth and the mindset behind money, there is something that most people overlook as they press themselves harder and harder to make more of it.

It’s the one true secret about wealth that most people are truly looking for, but sometimes never get to find because they trap themselves in an endless loop trying to make more and more money.

This endless loop can leave you feeling empty if you don’t think about the one true wealth secret being revealed in this article.

The Secret Behind Living “The Wealthy Life”…

Wealth Mindset Harbor InstituteWhen you sit down, relax, and think about what it means to be wealthy, what images come to mind?

Having a nice house?  Driving your favorite car in the countryside?  Can you hear the “clinking” sound of wine glasses at a social gathering with a bunch of your friends, living the high-life?

What about taking a trip to a remote island, complete with VIP service and excellent food, which also means you’re treated like royalty?  You might choose to stay there a couple of weeks because, you know, money isn’t an issue when you’re wealthy.

What you imagine when you think about being wealthy is up to you.  But is that truly what wealth, and a wealthy life, provides you?

What do you feel when you think of these images of being wealthy?  It’s in that feeling that lays the secret.

Do you feel relaxed?  Secure?  Safe?

The secret to a wealthy life lies in the feelings you are trying to attain, not how much money you have.  It’s whatever the “feeling of being wealthy” means for you.

Here’s how to start using this secret to your advantage…

Think about the following to start on your journey to feeling wealthy:

  • Is it “having a lot of money” or knowing that you spend way less than you earn that provides a measure of security for you? What other feelings could that bring?
  • When you buy stuff, do you factor in the cost of long-term ownership? Would you feel better knowing you’re buying the highest quality of life, or by trying to obtain some false status by owning the most expensive stuff available?
  • Buy the house, rent the house, and only enough house … not too much house (which will leave you with a bunch of unused rooms and more to clean). You’ll feel wealthy knowing you’re making the right decisions.
  • Think about your travel, and even though you might have tons of money, travel frugally. You would be surprised what the wealthy spend on a trip to Paris (because likely, they aren’t going to Paris).
  • Finally, always think about what you’re buying, it’s not the stuff … it’s the feeling, the experience, the lifestyle (but not status).

Obviously, having the proper money mindset when it comes to your wealth is a large and complex topic.  This article only represents a small sliver of the immense volume of tactics, strategies, and retirement-securing knowledge we offer our Members.

Avoid Feeling Poor When You Are Rich

How to Avoid Feeling Poor In a 10,000 Square-Foot House…

Almost everyone who hasn’t yet experienced monetary wealth has a dream of the “big house” and “nice car” … among other possessions.

10,000 Square Foot House Harbor InstituteThe allure of having that Malibu Beach House and multiple cars in the driveway drives the wealth acquiring minds of most Americans.

Don’t get me wrong…

Once you have created assets that provide the type of wealth dreamed about by the average person, it would be normal to want the “good life.”  Our marketing and advertising proudly displays it, the fast cars, the fame, the house(s) and of course the social gatherings.

It’s pleasurable to walk through majestic doors, walk on marble floors, and travel through 8 bedrooms.  Until you realize later on that you’ll never use half of your house for much.

If you leave yourself in “material-possession gathering mode” you’re bound to find a common problem amongst the wealthy few who acquire the belongings of the 1%.

Then, you start asking the emotionally draining questions like…

Now what?

Most people, on their way up the “wealth ladder,” forget one crucial detail in their plans to dominate the world and make tons of money…

They forget that money isn’t the only component of a truly wealthy lifestyle.  And, acquisition of material things isn’t either.

I’ve covered the one true secret of wealth before, in a different post, and you can read that post if you would like to explore a little deeper (it’s more about experience).  In this post, I would like to explore how to avoid feeling empty, or what I call “mentally poor,” when you do finally cross the threshold into monetary wealth.

Let’s get right to it…

3 secrets to help you avoid feeling emotionally bankrupt when your bank account is anything but…

Once you start acquiring monetary wealth, which is quite possible if you follow our training, your bank account starts to build.

Bankruptcy is far from something you’ll have to worry about again.  But if you don’t start taking a number of precautions, emotional bankruptcy can be an even worse scenario.

I’m going to share 3 of these precautions here…

  1. Understand that having money can (and does) change you, psychologically.

I don’t care who you are, once you begin to acquire money, the feeling of power that starts to take hold can change you.  Sometimes, this feeling can be harder to deal with emotionally than you think, and affect your personal relationships.

So please, keep that in mind as you continue to build your monetary empire.

  1. Always start from a mental place where the wealth experience is just as (if not more) important than money alone.

The act of “acquiring more and more stuff” just because you can afford it can leave you feeling emotionally empty inside.  It’s a very common mistake among the newly minted rich.

Instead, think about the experiences of being rich like walking on a new beach and enriching your personal relationships.  Life is short, so it’s worthwhile to experience it to the fullest.  “Stuff” does not improve your emotional bank account, enjoying it does.

  1. Keep a closer eye on your personal relationships.

This might sound like I’m re-hashing part of #2.  I’m not.  Once you begin acquiring money, it not only can change you, but the people around you.  Those less fortunate than you will sometimes want “their piece” of your newly obtained monetary fame.

Watch out.  Your true friends will stick with you no matter how much is in your bank account.  That and it’s the money you have and keep that matters, and not how much you can spend on your new “friends” in one sitting.

Keep each of these 3 things in mind as you increase your financial and mental wealth.

But obviously, having the proper guidance and advice when it comes to protecting and growing your true wealth (both mental and monetary) is a large and complex topic for just one article.

This article only represents a small sliver of the immense volume of tactics, strategies, and business asset-securing knowledge we offer to our Members.

Wealth From Between The Covers

Concept of businessman and tax problem

Concept of businessman and tax problem

How to Extract the Maximum Possible Wealth From Between The Covers

We have so much opportunity and wealth available to us, that I think sometimes we take it for granted.

There is a huge goldmine of wealth trapped in between the covers … of books.  That’s where some of the thinking that inspires billionaires comes from.

Tablet Money Harbor InstituteThink about it, in books, you have the opportunity to read some type of perspective or story written by another person.  Multiplied by the number of books available, and you have a wealth of information to experience.

But this is the era of technology, so you not only have books, now you have blogs (just different “covers” to read between), video, and other educational material to draw from.

The depth of perspective, knowledge, science, stories and more that you have is immense.  This provides you wealth in ways not imagined before.

Wealth from reading can be measured in 3 distinct ways that have nothing to do with money (but are worth more)…

Money is only one part of wealth.

Other parts include your perception, emotional acuity, raw intelligence, and awareness.  Add the strength of your relationships and your health … and you have the more important “stuff” – than money alone.

If you leave your curiosity unsatisfied, or your relationships and health suffer … then money doesn’t mean much.  Also, a life like that is more expensive to maintain.

The good thing is reading books improve these more non-tangible parts of your life dramatically.

We’re going to cover 3 specific improvements that reading impacts:

Increased intelligence.

Reading books increases your intelligence, your ability to solve problems, and your awareness of the world.  Reading a variety of books from different categories (both fiction and non-fiction) can stimulate and expand your understanding of complex topics that most people will never strive to understand.  Not to mention, your imagination and creativity will benefit.

Better health.

When you increase your mental health through reading, your overall health improves.  But more than that, studies have shown that reading books decreases your stress levels up to 67%.  Decreased stress has a number of desirable ripple effects like better heart health, reduced blood pressure, and improved digestion.

Not to mention, reading can improve your overall mindset, which has benefits to your health as well.

Better relationships

Studies have shown that reading fictional stories can increase empathy towards other people.  Plus, you can dive into reading non-fiction that covers areas like how to improve your relationships overall (psychology, sociology, culture etc…).

Obviously, I’ve only given a broad overview of each of these 3 ways that reading improves your overall wealth.  But from this broad overview you can clearly see the benefits when compared with someone who doesn’t read.

The sad reality is most people haven’t read a book since high school.  Most of those who do read a book of some type put it down before they finish 20 pages.

You aren’t most people, so let’s cover some “how to put this to work” in your life options…

5 tips to help maximize this “between the covers” personal wealth opportunity…

Obviously, reading just anything won’t provide you the wealth that other people (including billionaires like Bill Gates) have gotten from “between the covers.”

So, here are 5 tips that show how you can get started – on the path of maximizing your “reading wealth” journey:

1. Read challenging books that expand your mind.

In order to expand your awareness of the world, you must analyze different viewpoints, industries, writing styles and more.  Read more than just books that are “at your level,” instead you should read a bit past your level, at least some of the time.

2. Read fiction, at least occasionally.

Most people, who read to learn, fail to break that non-fiction reading up by reading a work of fiction.  It’s important to expand your imagination to include stories being told by other people.

3. Write about what you read (start a blog).

Finding a creative outlet for the mind-expanding world of reading is as important as the reading itself.  When you begin to fill your mind with new ideas, having an outlet for those ideas is important to your new-found wealth.  Starting a blog is one approach that can help in that area (use Blogger, Medium, or WordPress.com to get started for free).

4. Discuss what you read in a reading group.

Don’t do this alone.  Fiction or non-fiction, joining a reading group (or starting one of your own) can help you both express ideas about what you’re reading … and generate new ones from the perspective of other people in your group.  Also, you could develop relationships that can improve your life as a result of being part of a reading group.

5. Pick topics you’re not comfortable with.

As an extension of tip #1, finding topics you might not be comfortable with and reading about those can help broaden your perspective of the world in amazing ways.

You can clearly see that “between the covers” lays a massive opportunity to develop the kind of wealth that doesn’t get “spent” like monetary wealth.  This new wealth can last a lifetime, and can exponentially help with your personal development.

That, in the end, can help you earn more money than you ever thought possible.  This is the century of ideas, and now you have the basic tools to exploit it for all it’s worth.

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