Financial Resources

Income for Life teaches us to keep control of our own dollars and build sustainable wealth that expands our choices and cannot vanish in a stock market crash.

Money is good! The LOVE of money is the root of evil. Love people. Use money.

• Typical financial advice tells us to load up our portfolios with mutual funds and stocks subject to systemic risk.
• Typical financial advice instructs us to max out our qualified accounts, putting dollars out of reach and out of our control—under the government’s (and our employer’s) rules.
• Typical financial advice tells us when and how much of our own money we can have back (and the government tells us what their cut will be.)
• Typical financial advice tells us to pay off our mortgage as quickly as possible—even though it is efficient debt – and even though it’s usually smarter to put additional dollars into investments rather than into lazy home equity; therefore maintaining liquidity, use and control of our money.
• Typical financial planning teaches us to accumulate, but not how to USE our money to make it work for US!

• Measure Opportunity Cost: We will either pay interest or pass up interest. Often, we can build wealth faster through strategic borrowing and leveraging. Understand the difference between a liability and a debt.