Making these simple changes now, rather than later, can really build momentum. Especially if you save into a well-designed, high- grade, dividend-paying, whole life insurance policy with an old- time mutual life company, which grows steadily and securely within your policy. You can use it at any time, AND it has income benefits for you in retirement that are tax free. While you might want to start investing before you start saving, I strongly advise doing things the other way around. Saving money gives you firm foundation and can put you in a better position to invest later. 4. Expand Your Portfolio, Thinking Without Logic Doesn’t Work What I mean by this, instead of trying to pay down a lot of debt (like your car or your mortgage), instead think about what you can leverage to build your asset base. Sure, you might need to save a little at first, but building your asset base can be a great way to increase your cash flow and your savings. Rather than trying to funnel any excess money into your mortgage, which you will be paying off with cheaper dollars due to inflation, try saving it and then using it to invest in something that will add to your future income to sustain your lifestyle. 5. Control Your Money, Learn to Use Other People’s Money Typical financial planners will actually try to steer away from controlling our own money. I have found that most financial planning is a waste of time and money because they are based on projections and assumptions that rarely ever come to fruition. Many fail because they are not reviewed on an annual basis. The two most important documents ever written are the U.S. Constitution and the Bible. Are you writing down your plans? Typical financial planners want your money in the hands of someone else, be it their own, or Wall Street’s. It may even be that you grew up in a time when people trusted Wall Street. When other
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