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3 DIMENSIONAL WEALTH LIVING
November 2023
385-257-2577
3DimensionalWealth.com
ARE YOU PLAYING THE LONG GAME?
INSIDE ISSUE
Why Your Family Can’t Afford to Think Short-Term
Imagine playing a game of chess. If you’re new to the game, you might be tempted to go on a spree, slaying more pieces than your opponent until you realize you’ve left yourself vulnerable to checkmate from her pawn and king.
It demands perseverance. It requires sacrifice. It’s often quiet and doesn’t garner attention. It takes planning. And yes, it can seem boring. GO THE DISTANCE So what does playing the long game look like in all 3 Dimensions? In the Financial Dimension, it might be that we forgo short- term high-risk stocks and instead put our serious money in long-term IUL LASER Funds that can provide safety, liquidity, predictable rates of return, and tax advantages. In the Intellectual Dimension, we might invest in joining professional mastermind groups (which can be pricey) that can help us flourish in our career, rather than buying the next sports car. In our Foundational Dimension, we can cull down the number of personal and business trips we take and plan Family Retreats With a Purpose instead — getaways where we take time amid the fun to reinforce family values, share life lessons, and connect on a deeper level.
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Why Your Family Can’t Afford to Think Short-Term Expressing Gratitude for What Truly Matters Creating the *Right Kind* of Generational Wealth
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The long game doesn’t just apply to chess.
It can make all the difference between a retirement filled with golden years of travel, time with family, and fulfillment … or scraping by on Social Security. It can ensure our families are unified and flourishing in all 3 Dimensional Wealth, versus splintered by setbacks, challenges, and even greed. WHY DO WE FALL SHORT? If we know that playing the long game and making prudent decisions is wise, why do so many fall short?
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Rethink Your Thinking
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A Season of Gratitude Why Fitness Experts Are
LOOK AHEAD, FAR AHEAD Playing the long game starts with our perspective.
Well, the short game can be enticing.
It offers a shortcut. It grants instant gratification. It can bring notoriety. It doesn’t take forethought. And it’s often a lot more fun.
I co-wrote a book with Dr. Roy A. Hammond called “Learning Curves.” In this book, we relate our experiences on the back of our Harley Davidsons to valuable life lessons. One of my favorite passages is from Roy, when he shares that one of the most difficult lessons he had to learn was that the bike will go where you look, no matter where you plan to go in your mind. He explains that if you’re headed down a straight stretch of road and begin to gaze too long at the beautiful scenery to your right, the bike will begin to drift to the right. The
Steering Away From Crunches
The long game, on the other hand, takes a whole lot of patience.
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Have You Tried Thanksgiving Karaoke Yet? Eat Your Way to a Healthy Heart
Play the long game with a Values & Vision Statement. Download your free copy of our tool here!
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Changes Are Here for IRAs & 401(k)s
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same is true if you focus for an extended time toward the left.
We may have meant to make a smooth, safe turn on our life’s path, but we were distracted by dishonesty, ill temper, pride, disloyalty, and the list goes on — and we end up in unwanted destinations. So as you look at playing the long game in creating your family’s legacy, start with where you’re looking. CLARIFY YOUR VALUES Then get really clear on what matters most. This is where I’d recommend creating a Values & Vision Statement for your family. As I explain in my book, “Entitlement Abolition,” a Values & Vision Statement becomes a guiding force,
informing the decisions and actions you and your posterity make in all 3 Dimensions of Authentic Wealth. I invite you to use our free tool for creating yours — it will help you outline what matters most to your family. For example, in the Foundational Dimension, you’ll be prompted to consider spirituality, ethics, leadership, communication skills, relationships, work ethic, community service, uplifting entertainment, outdoor adventures, Family Retreats with a Purpose, etc.
As you enter a turn, you must direct your eyes out of the turn as far as possible to the point where you want the bike to carry you; if you look down at where you are, you are in trouble. If you look to the side of the road during the turns, you’re in deep trouble. He explains that as we travel through life, it’s not enough to travel with good intentions, believing those intentions are our reality. Those around us do not live in the world of our intentions, they live in the world of what we actually do.
You’ll also find ideas for establishing your values and vision in the Intellectual and
FROM FENDER BENDERS TO FOREVER FAMILIES
EXPRESSING GRATITUDE FOR WHAT TRULY MATTERS
neighbors’ car, with its bumper firmly planted in my G35.
to go one-wheeling after church, or get together with the rest of the family at my mom and dad’s for dinner. RAINY DAYS Heather and I also make sure to carve out time to be together. The two of us take off on trips a few times a year, and we love to do things like go mountain biking. The picture here is from Heather’s birthday, when we thought we could beat an incoming storm to get in a ride on one of her favorite trails. We weren’t so lucky, but in the end, the downpour made for better memories. As you gather with your family this Thanksgiving, I hope you’re able to take a moment to let your loved ones know how much they mean to you. I’ll be doing the same: I can honestly say I am who I am because of them, and I’m so grateful for the purpose they give me!
Apparently, its emergency brake had failed, and gravity had drawn their car across the street and down my parents’ sloping driveway, where it hit a wall and nestled right into my car. Let’s just say, that’s the last time I said I was grateful for something so materialistic. TIME TOGETHER At the top of my gratitude list these days are my wife, Heather, and our daughters, Shelby and Sienna. From big moments (like the girls’ soccer games and dance recitals), to little moments (like morning scripture study and dinners together around the table), we love spending time together. I also feel fortunate to work from home some days, where I can run upstairs in between appointments to see how their school day went. And Sundays are always when we do things like head to the park
I’ll never forget the Thanksgiving that life taught me a big lesson.
When we sit down as a family to eat the big meal, we always share three things we’re thankful for. This particular Thanksgiving, I was in my 20s, single, just settling into my career, and excited that I was able to buy my first “real” car. They all knew I loved cars, so they laughed when I said the first thing I was grateful for was my souped up Infiniti G35. ACCIDENTAL LESSONS Not 10 minutes later, my brother-in-law came into the dining room saying he heard something in the driveway. We ran out to look, and there was my
–Aaron Andrew
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CREATING THE *RIGHT KIND* OF GENERATIONAL WEALTH BECAUSE IT DOESN’T JUST HAPPEN BY ACCIDENT ROSS BRUNSON, CONTRIBUTING WRITER
Financial Dimensions. Once you have your Values & Vision Statement, you can share copies with each family member and keep it top of mind by revisiting it on Family Retreats With a Purpose. This can help ensure you and your children and grandchildren don’t get distracted by the short game, making less-than-stellar life choices, or worse, causing irreparable damage.
What kind of generational wealth do you hope to create?
With IUL, you can access tax- free income from your policy for things like college tuition, real estate, and business ventures. When you pass away, your heirs will receive your death benefit (which has often blossomed in value) totally income-tax-free. GIFTING & LOANING Have you considered gifting? For example, you can gift a certain amount of money to your parents, children, or grandchildren every year, and the amount will be exempted from gift tax. By gifting assets, you can reduce your estate tax liability and help your beneficiaries build their own wealth during their lifetime.
Generational wealth is all about passing down not only financial wealth, but also the values that helped you acquire the wealth — and this is why the 3 Dimensional Wealth approach is so valuable. But the kind of long-lasting, holistic generational wealth that extends for generations doesn’t happen by accident. It takes intention and a willingness to partner with professionals who can help ensure your legacy remains vibrant. As you look at your own plans, ask yourself where you are on estate planning progress: TRUSTS Have you created a trust? A trust is a legal arrangement that allows you to transfer your assets to a trustee who manages them on behalf of the beneficiaries. By creating a trust, you can protect your assets from taxes, lawsuits, and creditors, and ensure that they are used for the benefit of the beneficiaries. LIFE INSURANCE Insurance is another important aspect of estate planning. Life insurance can be used to provide financial security to your beneficiaries in the event of your untimely death, covering funeral costs, outstanding debts, and other expenses. As my friend Doug Andrew teaches, you also can use specific life insurance policies, like the properly structured, maximum- funded Indexed Universal Life policies championed by 3 Dimensional Wealth, to provide living benefits.
Instead, maintain that long-term vision and follow-through, which can lead to a life of abundance and a lasting legacy of joy. –Doug Andrew
Ready for an easy, delicious pie? This one is hands-down the Andrew family favorite (they make several every holiday season!). BANANA CREAM PIE
COMMUNICATION Communicating your estate
INGREDIENTS
plan to your family is absolutely essential to getting on the same page together. Gather your loved ones together regularly to discuss your financial values and the steps you are taking to ensure that your beneficiaries are financially secure. If you’ve created a KASH Blueprint, like Doug teaches, for bringing together your family’s Values & Vision Statement and guidelines for accessing the family’s Legacy Bank, this is a great opportunity to reinforce those concepts. To achieve generational wealth through estate planning, it’s essential to work with an experienced estate planner who can help you create a plan that reflects your goals and values and ensures that your assets are protected and transferred according to your wishes. Don’t leave your family’s generational wealth to chance. Take steps now to design a lasting legacy that will empower your loved ones for decades to come.
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3 egg yolks 2/3 cup sugar
1 Tbsp. butter 1 ½ tsp. vanilla 1 pie shell, baked and cooled Bananas, sliced Whipped cream
½ tsp. salt
2 ½ Tbsp. cornstarch
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1 Tbsp. flour
3 cups whole milk or half- and-half
DIRECTIONS
1. Set out the eggs so they can reach room temperature while you start on the filling. In a saucepan, mix the sugar, salt, cornstarch, and flour. Gradually add the milk (or half-and- half) and cook over moderate heat until it boils — stirring constantly. Remove from heat. 2. In a separate bowl, separate the yolks and slightly beat the room-temp egg yolks, then slowly stir about half the filling into the egg yolks. (The goal is to combine the yolks and filling slowly so the eggs don’t start to partially cook.) 3. Blend the egg-and-filling combination back into the rest of the hot filling in the saucepan. Over moderate heat, stir constantly and bring back to a boil — let boil for 1 minute. Remove from heat again and add the butter and vanilla, blending until smooth. Cover the filling with wax paper and let it sit for a bit, then move it (still covered in wax paper) to the fridge. Bake your pie shell and let it cool. 4. Add the cooled filling to the cooled pie shell. Before serving, add sliced bananas and whipped cream to each slice of pie. SHAREE’S TIPS: “I like to use real vanilla in the filling, and I make the pie filling the day before I’m serving the pie. I also top the pie with banana slices rather than putting them in the bottom of the pie shell (because they go dark on bottom).”
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RETHINK YOUR THINKING
Escape the Marsh of Mediocrity
As entrepreneurs, we’re often asked by clients to share business strategies — many of which are captured in Doug’s book, “The 10 Keys Transformation.” Here we share some of those insights with professionals in our 3 Dimensional Wealth community.
Discover how you can rethink your thinking. Order your free copy of “The 10 Keys Transformation” today!
There’s a quote by David Rowland that has powerful repercussions in business: “Different isn’t always better, but better is always different.”
What if Doug had avoided looking at different marketing strategies over the decades? Thousands of families would not have learned about his life-changing strategies for 3 Dimensional Wealth. As you look at your own business, commit to rethinking your thinking. Question the way you do everything. Research the latest innovations. Ask yourselves regularly how you can improve your approach to areas like:
Why then, do so many of us fear change?
If you think about it … the telegraph revolutionized the way humans communicated across previously impossible miles of land and sea, but how effective would your business be today if you relied on sending dots and dashes rather than Zooming, calling, emailing, or texting your clients?
And with the rapid, ever-evolving pace of AI solutions, what if your company held tight to the technology of say, even five years ago?
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Products/Services
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Customer success Employee success
Marketing
THE DANGER OF THE COMFORT ZONE It’s true, we as humans can be creatures of habit, often taking the path of least resistance. We tend to like knowns. We like feeling competent. For many, when setting out on a new venture, fear of failure creeps in. We assume staying in our comfort zone keeps us “safe,” but it can actually endanger our future. When it comes to business, doing things the way they’ve always been done can not only keep us stuck in the marsh of mediocrity … it can cause us to be left behind. CONSIDERING NEW PATHS For example, when Doug first launched his career in insurance five decades ago, marketing involved sending letters and making personal phone calls to potential clients found
Sales
Finance
Doug has another favorite phrase, "Blessed are the flexible, for they shall not be bent out of shape."
As you make rethinking your thinking a habit, the more you will be able to help provide meaningful transformations for your clients — and your own future.
in the local newspaper’s society pages (people announcing recent weddings and children).
From there, he shifted to marketing via newspaper ads, then he launched his own national radio show, and now he connects with potential clients on his YouTube channel (with over 125,000 subscribers).
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TAKE A MOMENT TO AMPLIFY YOUR APPRECIATION A SEASON OF GRATITUDE
We all know gratitude can impact everything from our mental well-being to our physical health and our ability to overcome significant setbacks. This holiday season, we invite you to tap into gratitude’s superpower. To help you take gratitude from thoughts to pay-it-forward actions, we invite you to download The Gratitude Amplifier at EntitlementAbolition.com/ Resources . To show you how it’s done, here’s a sneak peek at Doug’s Gratitude Amplifier for this month:
DISCOVER THE TRUTH ABOUT EFFECTIVE AB WORKOUTS CORE STRENGTH BEYOND CRUNCHES
WHAT IS YOUR CORE? You may hear the term “core” thrown around often, but where exactly is it, and what does it do? Your core is more than just abdominal muscles and includes muscles around your spine and pelvis. Your core muscles allow you to do most of the movements you make throughout the day, such as bending forward, rotating left and right, and holding yourself upright. When your core is weak, the muscles may not support you properly as you move about your day, which may lead to back or neck pain. Core strength naturally begins to deteriorate around age 30, so it’s critical to strengthen your core with exercise whether you’re 35 or 75. TRY AN ALTERNATIVE TO CRUNCHES There are plenty of core-strengthening exercises for every fitness level, whether
To say crunches are not fun would be an understatement. Repetitive and sometimes downright painful, this exercise has been touted for decades as the primary way to strengthen your core and get those picture- perfect abs. Now, new research suggests that statement isn’t 100% true. In fact, most trainers and fitness experts now discourage people of all ages from doing crunches. If you do them incorrectly, which most people do, you can damage your spine and neck without achieving good results. Why aren’t crunches effective? Well, situps and crunches only work your external muscles, not your inner core muscles. That means even if you do manage to attain prominent ab muscles through situps and crunches, you’ll likely still have weak core strength. This is concerning because core strength is vital for your physical health — a key part of your Foundational Dimension.
you’re a beginner, injured, or a pro. In particular, Pilates is an incredible type of exercise that focuses entirely on core strength and will have you feeling stronger in no time. If you want to get started, try some easy movements at home. Planks, bridges, toe taps, and swimmers are all great ways to build your core strength. However, you should always consult your physical therapist about the best core exercises for your unique needs.
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generation. They can infuse stability in an otherwise tumultuous world. They can help form meaningful memories. And they can be a whole lot of fun. No matter what traditions your family keeps, adding a fresh tradition or two to the mix can make the day more exciting — and the connections deeper. Here are a few ideas to help you start planning. TURKEY DAY KARAOKE Music is known to engage emotions — so liven the atmosphere with a little sing-along. You can go all out and invest in a karaoke machine, or just queue up YouTube on your smart TV, search for your favorite songs “with lyrics,” and take turns busting out some tunes in front of a sofa‑bound audience.
artistic, etc.). Snap pics of this year’s winners and make it an annual contest!
This Thanksgiving, we’re guessing there’s probably a turkey on the menu — maybe garlic-basted or Cajun-deep-fried? And chances are if you’re from anywhere near the South you’re serving mac n’ cheese alongside the stuffing. Perhaps you’ll huddle up for some post- dinner backyard football, or gather around the TV to cheer on your favorite NFL team. And you’re likely reserving a moment for each family member to share gratitude for life’s blessings. For many families, Thanksgiving is a holiday steeped in tradition, which is a good thing, as traditions play a unique role in building our family’s Foundational Dimension. Rooted in the Latin word “tradiare,” which means “to hand over, to transmit,” traditions are a catalyst for creating a sense of belonging from generation to The Power of Traditions — Old and New — in Building Your Family’s Legacy HAVE YOU TRIED THANKSGIVING KARAOKE YET?
I REMEMBER WHEN STORIES Storytelling is a powerful medium for strengthening family ties, and sharing I Remember When stories is a 3 Dimensional Wealth tradition that the Andrew family has continued for years. Invite each family member to write down an experience (it can be life-affirming, funny, embarrassing, etc.) and read it aloud to the family. Compile the stories and enjoy returning to them for years to come. Whether you incorporate these traditions or others — like crafting thank you cards for each other, running/walking a 5K together, or serving at the local food bank — make Thanksgiving a time to strengthen your family’s Foundational Dimension and add to your generational legacy with traditions new and old.
THANKSGIVING SUGAR COOKIE STATION
Snag a few Thanksgiving-themed cookie cutters, bake up a batch of sugar cookies, and get the creativity flowing with icing, sprinkles, and candy corn. Make it a show- and-tell or an all-out competition with prizes for different categories (most creative, most
Want to make I Remember When
stories a Thanksgiving tradition? Print copies of the free tool for each family member here!
A critical part of your Foundational Dimension wealth is your health, and with heart disease as the No. 1 cause of death in the United States, it’s time to make your ticker a priority. You may know, the risk of a deadly attack is on the rise for adults aged 45–65, especially women. If you want to protect yourself and ensure you can spend time with your family for decades to come, one of the easiest things you can do is work toward lowering your cholesterol. Your LDL (low-density lipoprotein) cholesterol is the “bad” type that can lead to a higher risk of heart disease. The best way to control your LDL cholesterol is through the foods you eat. If you want to keep your cholesterol levels in check, ensure your heart stays healthy, and enhance your Foundational Dimension, add more of these foods to your diet. OATMEAL Oats contain a significant amount of soluble fiber, which decreases cholesterol absorption into the STRENGTHEN YOUR HEART WITH THESE FOODS
BERRIES Delicious and versatile, berries are filled with fiber to help lower cholesterol. Berries also contain numerous antioxidants and anti- inflammatory compounds that can benefit your body in countless ways. All fruit is excellent for your health, but berries pack the punch needed to support healthy cholesterol levels. LEGUMES If you’re seeing a common trait here, you realize that soluble fiber is the key to making these foods beneficial for your health! Legumes, which include beans, peas, and lentils, all contain a significant amount of soluble fiber, protein, and minerals. While these foods are incredible for your body, you’ll also want to speak with your doctor to discover the best course of action for protecting your heart. Because a healthy Foundational Dimension will only add to all the other dimensions of your family’s Authentic Wealth!
bloodstream. Start the day right with warm oatmeal, overnight oats, or Cheerios, which are surprisingly made with oats, not wheat! Add fruit on top to boost your fiber intake even more. NUTS Nuts like almonds, walnuts, and peanuts are rich in monounsaturated and other heart-healthy fats, but minerals like calcium, magnesium, and potassium are also crammed in these crunchy snacks. Nuts have shown significant heart-healthy benefits in numerous studies, including one which proved that just two ounces of nuts per day can decrease your LDL cholesterol. GREENS Not every green is a health-boosting superfood, but dark leafy greens like spinach, kale, and bok choy all contain lutein and carotenoids, antioxidants that reduce the risk of heart disease. These greens help compact the bile acids in your body and remove cholesterol from your system.
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CHANGES ARE HERE FOR IRAS & 401(K)S But Do They Offer Everything You Deserve?
If you follow financial news, you’ve likely heard about recent and upcoming changes to 401(k)s and IRAs.
Take Required Minimum Distributions (RMDs), for example. The new age minimums affect when you must start withdrawing your RMD from your account. Since the passage of the Secure Act of 2019 and then Secure 2.0 in 2022, the RMD minimum age has gone from 70 ½ to 72, and it’s now 73. The rules are somewhat complicated, but as a recent CNBC* article explained, “If you turn age 72 in 2023, you can delay RMDs until age 73. But if you turned 72 in 2022, you needed to take your 2022 RMD by April 1, 2023, and your 2023 RMD by year-end.” If you think you’d rather just skip taking that RMD? Uncle Sam will not go hungry — with updates in the Secure 2.0 act, the government collects a 25% penalty on the amount you should have withdrawn. Roth IRAs, on the other hand, do not have RMDs, which is one of the reasons that people opt for these accounts. But Roth IRA contributions are limited for high-income earners, and the plans are completely unavailable for those above a certain adjusted gross income threshold. Other traditional accounts are seeing improvements, like Roth 401(k)s. This year marked the first time employers were able to contribute matching funds into an employee’s Roth 401(k) account (previously, employers’ matching dollars had to go into a traditional 401[k], despite the employees’ dollars going into a Roth 401[k]). And starting in 2024, RMDs are going away for Roth 401(k)s. This is just a handful of the changes we’re seeing in the traditional account space. But even with these changes, the question lingers: Why settle for good (traditional accounts), when you can enjoy great (properly structured, max-funded Indexed Universal Life policies, which we call IUL LASER Funds)? WHY SETTLE FOR LESS SAFETY? When the market goes down, the value of traditional and Roth IRAs and 401(k)s goes down, like it did for millions of Americans in 2008, when they lost 40% of their account value in a single year. IUL LASER Funds are protected by a 0% floor when the market tanks. WHY SETTLE FOR LESS LIQUIDITY? With traditional IRAs and 401(k)s, you’re hit with a 10% penalty for withdrawing money before age 59 ½, on top of the taxes you owe on that money. With your IUL LASER Fund, you can access your money tax-free (via policy loans), penalty-free (as long as you don’t surrender the policy), and at any age (plus, there are no RMDs, so you can keep your money at work in your policy for as long as you like).
WHY SETTLE FOR LESS PREDICTABLE RATES OF RETURN? Traditional accounts put your money actually IN
the market, where its fluctuations can take your hard- earned dollars for a roller coaster ride of gains and losses. IUL LASER Funds have historically earned average annual rates of return of 5% to 10%. And even during down years — because your money is merely LINKED TO the market — you have the predictability of that 0% floor, granting you the peace of mind of knowing you won’t lose a dime due to market volatility. WHY SETTLE FOR FEWER TAX ADVANTAGES? With your traditional accounts, you’re taxed on the money you withdraw, and when you pass away, your beneficiaries will also pay taxes on the money they withdraw. With your IUL LASER Fund, when you access your money via policy loans, the money you borrow is tax-free, and when you pass away, your beneficiaries will receive your death benefit income-tax-free. While it may be beneficial to include traditional accounts in your retirement plan, IUL LASER Funds continue to offer superior advantages, which is why more Americans are making them an important part of their balanced financial portfolio (even initiating strategic rollouts from their traditional accounts). If you haven’t already, we invite you to explore what an IUL LASER Fund can do for your Financial Dimension.
Learn more about empowering your
financial future. Order your free copy of “The Laser Fund” book today.
*Source: “Retirement withdrawal rules are ‘crazy’ this year, IRA expert says. Here’s what you need to know”, CNBC, October 25, 2023.
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3 DIMENSIONAL WEALTH LIVING
ALSO IN THIS ISSUE ...
Gratitude for What Really Matters page 2
Essentials for Creating Your Legacy of Authentic Wealth
Avoid the temptation to short-change your legacy–discover what you and your family can do to win at life. Read more on Page 1 … PLAYING LONG GAME OR SHORT GAME?
The Right Kind of Trust for Generational Wealth page 3 Must-Have Perspectives for Your Business page 4
Drop the Mic This Thanksgiving page 6
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