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3 DIMENSIONAL WEALTH LIVING
September 2022
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3DimensionalWealth.com
INSIDE ISSUE
HOW TO AVOID THE ONE THING THAT CAN RUIN EVERYTHING
KEEPING YOUR FAMILY ON THE RIGHT PATH
If we look at the rise and fall of major civilizations like the Roman Empire, we can see a pattern. It begins with a period of significant growth, an era filled with expansion in several areas: skills, wisdom, knowledge, affluence, and ways of living. This leads to continued increase, with knowledge, influence, and power spurring the development of even more knowledge, influence, and power. Wealth and abundance abound … until entitlement creeps in. Political leaders, privileged segments of society (and even the poor who become accustomed to receiving handouts) lose that humble dedication to growth, learning, and cooperation that brought about the abundance. It’s replaced by a selfish assumption that all the wealth is a given, that it should continue in perpetuity without hard work and planning. In time, the abundance and resources of the society dwindle, dissipating until the people fight over the last bits of sustenance. The society is left to start from scratch, and often, it never rises to the same level of prominence again. Unfortunately, many families experience the same pattern as the Roman Empire, and it’s often propelled by one thing: entitlement.
An illustration from my book “Entitlement Abolition” explains what I mean by the Entitlement Cycle:
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Keeping Your Family on the Right Path
As you can see, families begin accumulating Authentic Wealth by developing KASH (Knowledge, Attitudes, Skills, and Habits — all part of the Foundational and Intellectual
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Helping Our Kids Focus on Values
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How to Save a Teenager’s Self- Esteem
Dimensions). As this grows, it can lead to an increase in more KASH, as well as traditional cash (the Financial Dimension).
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As families continue to practice the things that lead to an increase in the Foundational, Intellectual, and Financial Dimensions, they begin to thrive. Authentic Wealth becomes a part of everyday life, and everyone benefits. But this is where things can take a wrong turn if families aren’t vigilant. If children aren’t required to practice responsibility, accountability, and financial partnership in things like pursuing education, purchasing cars or homes, or serving humanitarian or religious missions, they can become entitled. At this point, the family is in danger of eventually exhausting the family resources. In “Entitlement Abolition” I share the story of a couple who had earmarked $500,000 to go into an IUL LASER Fund to eventually provide tax-free income for their retirement down the road. They had paid just $100,000 into this policy when their adult children ran into trouble. One child had gotten divorced and wanted financial support. Another had seen the assistance going toward the divorced sibling and asked for money to help with a business investment; and another demanded equal help.
Defining Your Family's Values & Visions
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Getting On a Better Life Circle DIY Fall Scavenger Hunt for the Family Places to Visit Similar to Montana Returning to Learning
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Discover how to stay on the Abundance Cycle. Order your
free copy of the best-selling book “Entitlement Abolition” today.
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Why This Family is Breathing Easy
CONTINUED ON PAGE 2 ...
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Before long, the nearly $400,000 this couple had earmarked to finish funding their financial vehicle had disappeared. The money was used up, evaporated before it could provide for the parents’ retirement, let alone go on to benefit the children in the long-term. This is where families often lose their generational momentum. They forfeit the cycle of KASH and cash going on to bless future generations. They dwindle in fewer resources and are forced to start the cycle of growth all over again, or worse, live in a scarcity mentality. ... CONTINUED FROM COVER
There is a better path. It’s explained in this illustration of what I call the Abundance Cycle. Notice that the journey is the same for both cycles through the first three stages:
Stage 4 of the Abundance Cycle is where things can go right, instead of wrong. When families take proactive measures to reinforce an abundance mentality and instill accountability and responsibility, they
1. The development of KASH 2. The increase of KASH and cash 3. The prosperity of wealth and abundance
are setting up the next generation for success in every aspect of life.
The next stage is where families establish a Legacy Bank, which is where you can
HELPING OUR KIDS FOCUS ON VALUES
STAYING INTERESTED VS. BEING INTERESTING
As any parent knows, instilling values in our children’s lives isn’t always easy. It takes a whole lot of consistency, and sometimes that can lead to challenging— but happily unforgettable — moments. My wife, Harmony, and I try to be the kind of parents who are sincerely interested in our kids vs. trying to be interesting or popular parents. The concept of being sincerely interested is something my dad shares in his book, “Entitlement Abolition.” In the book, he points out that the word “sincere” comes from ancient Italy, and it literally means “without wax.” At the time, potters would often repair cracks in clay pots with wax before selling them. The more valuable pots without cracks would be marked “sincere.” Just the same, when we are genuinely interested in others (without any cover-ups or hidden agendas), we bring more value to our relationships. Being sincerely interested in our kids means focusing on the values we want to reinforce. But sometimes that requires tenacity because with a teenager in our house we’re seeing that kids like to push back a little. Okay maybe more than just a little.
For example, my son often complains that I volunteer us to help out with our neighbors and church community, saying things like, “Dad, why do you always volunteer for everything? Why don’t you ever say no? It’s because we have a truck, huh? Maybe we should sell your truck so that people wouldn’t ask for help.”
It would be easier to give in to my son and say no to these opportunities to help. But Harmony and I want our kids to understand the value of service. And the best part is, even though he protests a bit, he always comes along, and afterward he says he’s glad he helped. As part of the 3 Dimensional Wealth principles, we also talk about creating a Values & Vision Statement. Harmony’s family established a values-based mission statement over 30 years ago that we’ve since incorporated with our own kids. We revisit the mission statement every year at our family reunion and all have it printed on a card that we keep with us. It focuses on remembering our relationships with God and our religious covenants with him as well as our relationships with our family and friends. However you pursue the goal of instilling values with your family, I wish you all the best as you remain interested in your children and grandchildren. Even if it’s not always easy, we can reassure ourselves … it’s worth it.
–Emron Andrew
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TEENAGE SELF-ESTEEM VS. SOCIAL MEDIA
deposit the knowledge, experiences, strategies, and lessons learned by family members (learn more about establishing your family’s own Legacy Bank in the July issue of the newsletter — find it at WealthIn3D.com. ) Having a functional Legacy Bank in place, with the family actively participating in contributing to and withdrawing from the bank, empowers future generations to have early access to moving forward in developing their own KASH and cash. Unlike the Entitlement Cycle, the next generation doesn’t have to start all over again from scratch. They can piggyback on the Authentic Wealth of the previous
WHAT TO KNOW AND HOW TO SPEND TIME ELSEWHERE
According to Mayo Clinic, nearly 97% of kids aged 13–17 years old use social media, whether it's YouTube, Facebook, Twitter, Instagram, or another platform. Although these platforms come with major benefits — such as staying in touch with distant family and friends — it’s a good idea to keep an eye on your teen’s social media usage. Research shows that using social media more than three hours a day can increase risk of mental health problems, including anxiety and depression. It can also cripple a teen’s ability to build their Foundational Dimension because it replaces vital face-to-face interactions with digital ones that are less effective at building strong relationships. Here’s a look at a teen’s brain on social media — and how you can help. THE PROVEN RISK FACTORS Social media affects everyone a little differently. For teens, thankfully, there are some studies about these differences. Beyond simply the number of hours spent on social media, there are other ways that researchers have noticed the negative impact of social media on teens. A 2016 study of more than 450 teens found that greater social media use, nighttime social media use, and emotional investment in social media (such as feeling upset when prevented from logging on) were linked to worse sleep quality and higher levels of anxiety and depression. It even matters how the teen is using social media. Are they interacting or only looking? A 2015 study found that social comparison and feedback seeking by teens using social media were linked to depressive symptoms. Additionally, a 2013 study showed that older adolescents who used social media passively, such as simply looking at pictures, reported declines in life satisfaction. In contrast, participants who used social media to interact with others and post their own content didn’t experience these declines. THE ALTERNATIVES Instead of staring at a screen, encourage the teens in your life to spend time face-to-face with their classmates and friends; that’s especially important for teens who are vulnerable to social anxiety. Remind them that certain behaviors aren’t okay on social media: gossiping, spreading rumors, bullying, or damaging someone’s reputation (online or otherwise). Even if these activities can seem harmless at first, they are extremely damaging and hurtful to the people involved. Face-to-face contact is one of the most promising ways to deflect the negative aspects of social media. Don’t miss a chance to give the teens you love the one-on-one time that they may need.
generation and take it to the next level. If planned and executed well, this Abundance Cycle can go on for generations to come —something we all want for our families.
– Doug Andrew
TAKE A BREAK WITH SUDOKU
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HOW TO PUT IT ALL IN WRITING
DEFINING YOUR FAMILY’S VALUES & VISION
Want to create your family’s Values & Vision? Download our free tool to get started today.
They say a goal is only a wish until it’s written down … and we would have to agree. As evidenced by all the 3 Dimensional Wealth tools, we’ve learned that when we write things down, we’re helping our minds process, organize, and incorporate thoughts as well as put them into action. William George Jordan wrote a book more than 100 years ago that resonates to this day. It is one of the Andrew family favorites since its brief read contains an enormous amount of transformative strength. “The Majesty of Calmness” looks at how to consciously train the mind and body to unconsciously act in harmony with your values and vision. It all starts with defining exactly what it is you value, what you want to accomplish, writing it down, and then there’s a sort of subconscious magic that sets into motion. Your mind, coupled with your proactive decisions and actions, will actually help bring things about. Here’s where your family can incorporate these principles and take a powerful step toward Authentic Wealth by defining your Values & Vision Statement — creating a document that will help guide your family’s future. With your spouse, take time beforehand to think through what matters most to you. Then involve your children or grandchildren in gathering their input as you craft the document. Consider creating a first draft, then take time for everyone to review it, and gather as a family to finalize it. There’s no one right way to create your Values & Vision Statement. It can be as short as one sentence, or as long as a few pages. It can be in the form of a motto, slogan, affirmation, creed, manifesto, law, or comprehensive statement.
Here are a few other things to ask yourselves as you compose your family Values & Vision Statement:
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What values matter most to you?
What are your ultimate goals as a family?
• How do you envision the expanding branches of your family interacting/cooperating over the coming years/generations? Once you have it completed, make sure to keep your Values & Vision Statement somewhere that is visible. Consider framing and hanging it in your family or dining room where the family will see it. Give a copy to each child (or to your children’s families if they’re grown). We recommend reviewing it all together at least once a year. Talk about how it applies as everyone’s lives and experiences change and grow over time. Be open to making any modifications as necessary, with input and signoff from the rest of the family.
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4 STEPS FOR TURNING SETBACKS INTO JUMPSTARTERS
GETTING ON A BETTER LIFE CIRCLE
When Doug and Sharee were younger, they had just built their third home. It was their “dream home.” It had 6,400 square feet, cathedral-beam wood- decked ceilings, and a master bedroom deck where they could watch the deer and elk bed down in the scrub oak below them. They thought they had the world by the tail! Two years later a bad recession hit America. It was 1980, and in Houston, Texas, where the energy crisis struck first, 16,000 homeowners lost their homes in foreclosures — they just couldn’t make their mortgage payments. As the recession rippled across America, it impacted Utah as well. Like so many others across the country, Doug and Sharee experienced a series of setbacks they never imagined. A sudden loss of income made them financially vulnerable. They made ends meet by selling other properties they owned, but they
eventually found themselves facing foreclosure on their dream home.
The four-step tool guides you through the positive and negative aspects of a recent setback. From there, you can consider how
That experience is what spurred Doug to explore financial strategies that could protect him — and ultimately, his clients — from market volatility. He went on to become an expert in Indexed Universal Life policies, teaching others how to properly structure and maximum-fund these policies to enjoy liquidity, safety, predictable rates of return, tax-free income, and income-tax-free transfer of wealth to loved ones after passing. Doug was able to turn his otherwise demoralizing experience into something positive that has gone on to bless thousands of lives. Just the same, we can all turn our setbacks, challenges, and even mistakes into catalysts for growth. We at 3 Dimensional Wealth use a tool called The Better Life Circle to help crystallize these life-changing moments.
you would handle the same experience differently in the future. Finally, you can identify your biggest takeaway. Working through this exercise has helped us turn things around, and get on a “better life circle.” We hope it does the same for you! For help getting on a Better Life Circle, download our free tool! Just log into your 3 Dimensional Wealth newsletter account and click on the September newsletter (go to WealthIn3D.com or scan the QR code on Page 8).
EXPLORE WHAT AUTUMN OFFERS READY, SET, SCAVENGE!
SIGNS OF FALL Creating a specific scavenger hunt for signs of autumn is a great way to enhance children’s observation skills.
As the leaves begin to fall and the air becomes cooler, it is a sure sign that summer is coming to an end. Though we will miss the pool parties and backyard barbecues, there is still lots to look forward to during fall. Autumn is known as the season of change, and getting the kids or grandkids outside allows them to understand and explore the changes going on in the world around them. Creating a fall scavenger hunt is a great way for kids to practice their reading and observation skills, all while still enjoying the outdoors and making memories. Spending these afternoons together will bring you closer and strengthen your relationship, which is an important part of the Foundational Dimension.
can compare and contrast the different colors of each leaf they find, making this a fun hands-on activity. You can either download a color wheel template from the internet or make one yourself! All you need is a piece of paper that’s big enough for kids to tape the leaves onto and different areas for the colors red, yellow, orange, and brown. This will help kids see the different kinds of leaves as well as their visual changes during the season. The weather is getting colder, but it doesn’t mean you have to hibernate too! Bundle up with a cozy sweater and beanie, and encourage the family to get outside to explore all of the wonderful changes autumn has to offer.
Consider the following for your signs of fall hunt:
1. Leaves that have changed colors 2. Tree seeds or pine cones that have fallen to the ground 3. Items from a fall harvest (like pumpkins, sunflowers, or hay bales) 4. Changes among people’s apparel (such as jackets, hats, and scarves) 5. Animals hibernating or migrating FALL COLOR WHEEL The best way to explore autumn’s colors is by creating a fall color wheel hunt! Since the leaves are the surest signs of fall, kids
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GET OUT AND EXPLORE
3 Vacation Destinations Similar to Montana
BIGHORN NATIONAL FOREST, WYOMING Specifically known for being remote, Bighorn National Forest is located in north-central Wyoming and offers over 192,000 acres of open wilderness and 1,200 miles of hiking trails to venture out on. The forest contains many meadows and grasslands surrounded by large, dancing mountains and rolling hills. The best part is that there are many different ways to explore Bighorn National Forest. Fishing, camping, mountain biking, rock climbing, camping, hunting, and horseback
Because of the popularity of the Kevin Costner miniseries “Yellowstone,” the state of Montana is seeing an economic boom, both in tourism and real estate, as people flock to explore the natural beauty of the state. But with Montana’s increasing popularity, traveling there may not be ideal, especially if you want to avoid crowds. Here are some other destinations that offer similar sights and activities! The Andrew family loves to escape to the mountains for Family Retreats with a Purpose, and one of these spots could be your next destination. STANLEY, IDAHO If the mountains are calling your name, then Stanley, Idaho, is the place to go! About three hours northeast of Boise, this gem has three different mountain ranges: the Sawtooth, Lost River, and White Cloud. This trifecta is home to whitewater rafting, hiking, sightseeing, rock climbing, mountain biking, and exploring.
While there’s tons to see and experience during the day, the beauty doesn’t stop at night. As Stanley is situated in the Central Idaho Dark Sky Reserve, you’re able to see so much more in the night sky, such as the Milky Way, meteors, and even planets! GRAND TETON NATIONAL PARK, WYOMING In Grand Teton National Park, you’ll find many sights and wildlife similar to those seen on screen in “Yellowstone.” The
towering craggy peaks and luscious landscape do not disappoint, and sometimes there is no sign of human development for miles. It’s a truly remote and beautiful place to visit and explore.
riding are just a few of the many ways to experience Wyoming’s beauty.
You are sure to encounter some amazing wildlife while hiking or camping — the park is home to more than 60 species of mammals and 300 species of birds.
Are you ready to get out and explore these different areas of our nation’s beauty? Check some of these great destinations off your bucket list!
increases social interaction, and reduces stress. Keeping your mind active also helps prevent cognitive decline later on in life and may even prevent mild forms of Alzheimer’s and dementia. KEEPS YOU IN THE LOOP ON THE LATEST TECHNOLOGY Are you struggling to keep up with the high- tech habits of your kids and grandkids? Would
In the pursuit of Authentic Wealth, it’s just as important to accrue KASH (Knowledge, Attitudes, Skills, and Habits) as cash. To do this, you must be dedicated to what we at 3 Dimensional Wealth call a Lifetime Learning Commitment (LLC). Learning doesn’t have to end after college — in fact, we can thrive by returning to learning throughout our lives. Adopting new interests and passions is a great way to improve your mental acuity, and local colleges, trade schools, learning institutes, and online platforms offer resources for continuing education. BOOST YOUR BRAIN HEALTH TODAY By Investing In Continuing Education
you like to improve your tech skills to grow in your career? Introductory courses and online learning platforms like Skillshare are the perfect ways to learn new tricks and secrets about technology while having some fun, too! HELPS EXPAND YOUR HORIZONS Attending courses, whether online or in person, is a great way to enhance your awareness of the world around you and prepare yourself for opportunities both at work and in retirement. If you’re out of the workforce, you can also use the information you learn to connect with the young people in your life. INCREASES NETWORKING OPPORTUNITIES Continuing your education gives you opportunities to meet new people and interact with others who share the same interests. It will help you expand your social circle and boost your odds of productive collaboration. Whether you’re looking for a way to dabble in a new hobby or you have something you’d like to learn more about, continuing your education has many benefits and is enjoyable at any age! You’ll expand your Intellectual Dimension and improve your relationships at the same time.
There are many reasons to return to learning, regardless of your age!
IMPROVES COGNITIVE SKILLS AND FUNCTION Studies show that continuing to learn as you age improves your memory, enhances your well-being,
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WHY THIS FAMILY IS BREATHING EASY
As a successful tax accountant, Rob Mitchell was the kind of guy who managed his money well. For years, he had been setting aside money in traditional financial vehicles to build a retirement nest egg. When he discovered The IUL LASER Fund approach, he researched the strategies in-depth and was intrigued by the unique liquidity, safety, predictable rates of return, and tax advantages. He ultimately decided to reposition some of his money into policies for him and his wife. At age 56, he transitioned $400,000 into a policy with one insurance company, and another $400,000 into a second policy with a different insurance company — each policy with a $1.2 million death benefit. He chose to go with two companies to diversify his portfolio, taking advantage of specific policy features and indexes at each company. The Mitchells fully funded their policies in the initial five years, during which time the two policies averaged a rate of return of 8.61% interest. Since they have ample income elsewhere, they are not taking any tax-free income from these policies. They have designated their IUL LASER Funds purely for retirement planning, which means the money in the policies is free to continue to compound at full value. When they retire in a few years, they will be able to take a healthy tax-free annual income from their policies until they pass on, at which time their heirs will receive an income-tax-free death benefit. The Mitchells couldn’t be more pleased. In Doug, Emron, and Aaron Andrew’s book, “The LASER Fund,” they share real-life examples (like the one above) about clients’ reasons for incorporating The IUL LASER Fund, which is our term for a properly structured, maximum-funded Indexed Universal Life policy.
THE IUL LASER FUND FOR RETIREMENT
In addition to the death benefit, retirement planning is perhaps the most common objective
for those with IUL LASER Funds. These policies are among the safest of places to set aside money. Their guaranteed floor of 0% provides assurance that even in the worst of economic climates, you won’t lose money due to market volatility. The IUL LASER Fund’s predictable rates of return afford a good gauge of the pace of growth you can expect. The liquidity can be empowering. The knowledge that you can access money at any time, for an emergency, business venture, or other need, is reassuring. And perhaps the biggest reason so many turn to The IUL LASER Fund for retirement planning is the tax-free advantage. If you haven’t already, now may be the best time to explore what an IUL LASER Fund can do for your Financial Dimension.
Learn what The IUL LASER Fund can do for your retirement. Order your free copy of the best-selling book “The LASER Fund” today.
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3 DIMENSIONAL WEALTH LIVING
ALSO IN THIS ISSUE ...
Creating Your Values & Vision Statement page 4
Essentials for Creating Your Legacy of Authentic Wealth
WHAT’S THE ONE THING THAT CAN RUIN EVERYTHING?
4 Steps for Turning Setbacks into Jumpstarters page 5 How to Breathe Easy in Retirement page 7
How can you help your family avoid the Entitlement Cycle and stay on the Abundance Cycle? Read more on Page 1 …
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