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3 DIMENSIONAL WEALTH LIVING
385-257-2577
3DimensionalWealth.com
March 2023
WHAT’S YOUR SCORE? CHECK YOUR 3 DIMENSIONAL WEALTH PROGRESS WITH THIS ESSENTIAL TOOL
INSIDE ISSUE
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What's Your Score?
I have seen time and again the first step in making progress is not so much looking at where you want to go, but taking note of where you are, at this moment. LIKE GPS, FOR YOUR LIFE Think of something you use regularly with the map app on your phone: a Global Positioning System, or GPS. GPS uses triangulation to hone in on three satellites (out of about 24-32 that orbit this Earth for that purpose) to pinpoint your exact location. Notice when you open the app, the first thing it does is assesses where you are. After that, you can tell the app your desired destination, and it will show you all kinds of routes to get there. You can choose from the scenic route, the byways, or the freeways. It can also point out where to refuel your car — and yourself — on the way. As my team and I have worked with thousands of clients over the years, our goal is to ultimately help individuals and families achieve Authentic Wealth in all 3 Dimensions.
While we help paint a picture of what that abundant future looks like and how to get there, we also make sure they pause first to check their “3 Dimensional GPS.” We ask them to assess where they are in their progress today — not where they wish they were, but where they truly are. DISCOVERING YOUR SCORE One of the best ways to do this is to have them complete a 3 Dimensional Wealth Scorecard.
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It’s the Hard Work That Counts
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Soak Up Some Vitamin D
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The scorecard is a tool that provides a comprehensive snapshot of your current 3 Dimensional Wealth.
What Kind of Mindset Do You Have?
There are 10 rows, with each row dedicated to a core principle of abundant living. The columns describe levels of progress for each principle, ranging from poor to fair, good, better, and best. As you review each description, you give yourself a score of 1 to 10. Once you score yourself on each row, you add all your scores to arrive at your overall 3 Dimensional Wealth score. For example, in the first few rows, you have the opportunity to examine your Financial Dimension progress. The last few rows are dedicated to the Foundational and Intellectual Dimensions. Let’s say you’re looking at the first row, which focuses on liquidity. Here, if you’re like millions of Americans with only IRAs and 401(k)s as your retirement vehicles, you might fit the description that reads, “You can access your money but could incur penalties or suffer a loss due to markets.” If so, you would give yourself a score of 3 or 4.
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Try This Game- Changing Strategy for Your Business Tricks to Help You Prepare for Gardening Season
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6 St. Patrick’s Day Fun Facts The Best St. Patrick’s Day Celebrations in America
Get ahead by seeing where you are today — download the 3 Dimensional Wealth Scorecard from our Entitlement Abolition Resources page.
You can look farther down that same row to see what would qualify you for a score of 9 or 10 in the “best” zone:
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IUL vs. 401(k): SAFETY & LIQUIDITY
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“You have tremendous liquidity and can access your money electronically within hours or a few days.” Now you know what the ultimate goal is, and you can more clearly identify what you need to do to get there. Now let’s look at another row, row 5 for example. This row deals with the KASH (Knowledge, Attitudes, Skills, and Habits) you’re generating for your family. You might be doing well, with solid Financial Dimension strategies in place (your cash), but you haven’t yet formalized a system to capture your family’s KASH. You would score a 7 or 8. By looking at the next column (with a score of 9 or 10), you can see what your
next step would be: developing your family’s KASH Blueprint.
to help thousands of people elevate their scores as quickly as possible (some raising their scores to the 90s within just a year). I’ll warn you that you might be tempted to fudge a little though — it can be understandably uncomfortable to be honest with yourself if you see a less than ideal reflection in the mirror.
(In case you missed it, I talked about the KASH Blueprint in a previous issue of this newsletter. For more details, you can access that article by scanning the QR code on Page 8 and tapping on the July 2022 issue. You can also download a free copy of The KASH Blueprint by using the QR code on Page 1.) WHERE ARE YOU? So, where do you think you are in your 3 Dimensional journey? If you’re like most families in our community, your starting score might fall in the 30 – 60 range. If so, no worries. It’s been our passion
But resist that temptation and wholeheartedly embrace reality.
There may be areas where you score low and others where you score moderately or high. Do NOT worry or become hypercritical of yourself.
TEACHING OUR FAMILIES TO MAKE THEIR OWN LUCK
IT’S THE HARD WORK THAT COUNTS
The other day, my younger daughter, Emily, came to me saying she needed money for something she wanted to do. I reminded her she did have money, the money she’s been earning from the holiday flag business we run with several kids in the family and neighborhood. She had completely forgotten about her checking and savings account. We looked up her balance together, and she was thrilled to discover she had set aside over $300. As an 8-year-old, that felt like a fortune. I loved seeing her feel proud of herself, and it was the perfect opportunity to talk to her about the value of hard work. That moment sparked an idea. This St. Patrick’s Day, my wife, Harmony, and I might just be starting a new tradition. I want to sit our three kids down, look up their account balances together, and reiterate how reaching goals isn’t about wishing for things and hoping they come to pass, or hoping you “run into some good luck.” It’s about being intentional about what you want to accomplish, putting in hard work, and pursuing your vision with tenacity, or “making your own luck.”
Ethan, age 15, has already set aside about $4,000 in his account. Taylor, who’s 11 years old, has saved $1,000. I want to remind them that sometimes we work on goals, but we don’t necessarily always pause to see where we are in our progress. It’ll be fun to have a little celebration and show them the “luck of their labors.” I also want to congratulate them for working hard on holiday mornings and evenings, placing American flags in the yards of neighbors who pay an annual subscription for the service. What started as a way for Ethan (who was 7 years old at the time) and a handful of cousins and friends to earn money has grown to include our daughters and about 30 kids in the area, working with over 250 customers. It’s not easy to wake up early and come back in the evening on holidays like Memorial Day, 4th of July, and Labor Day to plant flags. It also means we don’t take vacations on those holidays. But they’re learning that it’s
worth the sacrifice to be able to set aside money for their long-term goals (and short-term spending money). I’m sure you’re likewise focused on teaching the young ones in your family the value of hard work and how they can make their own luck. It’s something my parents instilled in us, and I’m grateful to be passing those lessons along.
–Emron Andrew
For more on the holiday flag business — something you might want to start with your family and friends — see Emron’s article in the July 2022 issue of the newsletter, which you can access by using the QR code on Page 8.)
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SOAK UP THE SUNSHINE VITAMIN HEALTH BENEFITS OF VITAMIN D
This is normal, and exactly why you and your family are pursuing Authentic Wealth.
Keep your abundant living goals in mind, and if you find you would like a deeper dive into these principles, you’re invited to order a free copy of my book, “Entitlement Abolition” at EntitlementAbolition.com.
With spring on the horizon, we all will be able to get outdoors a little more and soak up some sun — and extra vitamin D. Bring on the picnics, pool days, hiking, sports activities, and leisurely walks through the park!
I invite you to check your 3 Dimensional Health by downloading the scorecard today.
– Doug Andrew
Let's take a look at the many benefits this vitamin provides for our bodies.
IT BOOSTS YOUR IMMUNE SYSTEM Vitamin D helps your body fight off sickness. In fact, it’s been proven that deficiencies in vitamin D are connected to an increased possibility of developing infections and autoimmune diseases such as the flu, heart disease, and diabetes. IT REDUCES THE RISKS OF DEPRESSION Studies have shown that those who are deficient in vitamin D become more prone to mood disorders and depression. To ensure that you support your mental health, step outside and get some happy, feel-good rays! IT’S POSSIBLY LINKED TO WEIGHT LOSS While it’s not fully proven that vitamin D helps with weight loss, many studies have found links between vitamin D supplements and shedding a few pounds. In one study, one group of people taking vitamin D and calcium supplements lost more weight than another group taking placebos. IT COUNTERS OSTEOPOROSIS Osteoporosis, a loss in bone mass, is common as we get older. However, vitamin D is one of the key players in helping to slow down bone loss and prevent or treat osteoporosis so we can maintain a healthy skeletal system. IT PROTECTS ONE OF YOUR FOUNDATIONAL ASSETS As you can see, Vitamin D is a key part of maintaining your health — and health is one of the important assets in your Foundational Dimension! If you aren’t in good health, you won’t be able to add as many experiences to your Legacy Bank or travel for Family Retreats with a Purpose. As Doug once wrote, “A lot of people spend a lot of their health accumulating their wealth, and then later in life, they end up spending all their wealth trying to regain their health.” Don’t make that mistake! Take responsibility for your health today. This spring, be sure to get outdoors and soak up some vitamin D; however, don’t forget to protect your skin, too! To avoid overexposure, only about 10–15 minutes a day of unprotected sun is recommended.
FUN FOOD IDEAS Celebrating St. Patty’s? Start the day off with this fun breakfast menu–and make it all green! 4-LEAF CLOVER PANCAKES • Use your favorite family recipe, or choose easy with a Kodiak or Krusteaz mix. • Add green food dye to your batter. • On your griddle, pour the batter into metal 4-leaf clover cookie cutters (or freehand it with four circles and a rectangle). • Serve your pancakes with buttermilk syrup – see below! LEPRECHAUN MILK • Add a few drops of green food dye to your milk before serving it up! BUTTERMILK SYRUP • 1 ½ c. sugar • ¾ c. buttermilk • 2 T. corn syrup • ½ c. butter • 1 t. baking soda • 2 t. vanilla • 2-3 drops of green dye (if serving on St. Patrick’s Day or Christmas) 1. Combine sugar, buttermilk, corn syrup, and butter in pan. Bring to a boil and boil for 5 minutes. Remove from heat and add soda and vanilla. (It will foam up so use a deep pan.) Return to heat and cook for about 2 more minutes. Add a few drops of green dye for St. Patrick’s Day or Christmas. Great on pancakes, waffles, or French toast. DIRECTIONS
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WHAT KIND OF MINDSET DO YOU HAVE?
Are You Swimming in a Red or Blue Ocean?
• Focus on your DOS (Strategic Coach Dan Sullivan’s principles of dangers, opportunities, and strengths). • Provide leadership, strong relationships, and creativity to help yourself and those around you achieve clarity, balance, focus, and confidence. • Be abundance-minded, understanding there’s no limit to opportunity. • Help others experience a meaningful transformation. • Utilize your exceptional expertise. Doug expounds on these and other powerful principles in his book, “The 10 Keys Transformation.” We invite you to order your free copy of the book by using the QR code on Page 5.
Are you a possibility thinker? Or do you tend to look at all the
reasons why something won’t work?
If you haven’t yet read it, we highly recommend the best-seller, “Blue Ocean Strategy,” by W. Chan Kim and Renée Mauborgne.
While the authors are writing in a business context, these principles can translate to all areas of life. The writers make a great case for growing your market share (and we would add, growing your 3 Dimensional Wealth “life-share”) by moving away from a “red ocean” mentality and toward a “blue ocean” space. CHURNING IN THE RED OCEAN By red ocean, they are drawing an analogy to the cutthroat, brutal side of the professional world where some people believe competitive maneuvering, out-strategizing, litigating, and scarcity- mindedness will lead to ultimate success. They spend most of their time thrashing about, wringing their hands over the competition and very little time focusing on their clients’ needs. What they often don’t realize is this is draining their energy and causing undue stress and worry. SMOOTH SAILING IN THE BLUE OCEAN By blue ocean, the authors are conjuring the calmness of the sea. In business, this includes those who believe there is more than enough for everyone, and an abundance-minded approach will yield better results. These folks spend most of their time focused on their clients, with competitive moves and strategies making up a small portion of their focus. These people have a sense of positive energy and peace.
Whether in your business, personal life, or relationships, remember you want to stay in that blue ocean mindset by doing the following:
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TRY THIS GAME-CHANGING STRATEGY FOR YOUR BUSINESS
HELP YOUR BUSINESS—AND YOUR CLIENTS—SCORE BIG
ESTABLISH YOURSELF AS THE EXPERT GUIDE By filling in each row with specifics that illustrate the spectrum from “poor to best” practices, you demonstrate your expertise.
Here’s a question: What kind of impact does your business make on your clients’ or customers’ lives? If you’re like us, you might help people improve their Foundational, Intellectual, or Financial Dimensions. If you’re in marketing, you help other businesses generate revenue by acquiring new customers and engaging more deeply with current customers. If you’re in real estate development, you help clients build or renovate their home or work space. If you think about it, just about every business helps clients or customers solve problems or improve their current situation in some way. The more you can help your clients see where they are today and where they want to go tomorrow, the more they can understand why they absolutely need your services.
We’ve found one of the most powerful strategies for engaging clients and helping them improve their lives is by creating scorecards.
Scorecards can help:
CLARIFYING WHAT YOU CAN DELIVER The scorecard also indicates that you have
OUTLINE KEY GOALS By defining key principles in the first
column, you essentially provide clarity on the critical “ingredients” for clients’ success.
IDENTIFY GAP By giving clients the opportunity to score themselves, you help clients see where their gaps are — creating a need for further guidance.
the ability to deliver the tools,
knowledge, and support to help clients fill in their gaps and progress along the spectrum toward success. You’re invited to order a free copy of Doug’s book, “The 10 Keys Transformation,” where you can learn more about how to develop your own scorecard, leveraging this game- changing tool for your business — and your clients’ lives.
Discover how to create your own scorecards. Order your free copy of “The 10 Keys Transformation” today.
GARDENING SEASON IS ALMOST HERE
ARE YOU PREPARED?
ARE YOUR TOOLS READY? During the final few weeks of winter and the first week of spring, spend some time in your shed or garage cleaning your tools. Use your hose to remove any excess dirt from the previous gardening season and a wire brush to remove rust. Soak your smaller tools in soapy water and rinse and dry them afterward, then coat your wood handles with linseed oil to keep them in good shape. Once your tools are pristine, it’s time to move into your gardening space. CLEAN UP YOUR GARDENING SPACE Create a dedicated space for your crops if you don't already have one. Once you’ve selected a space, you need to clean it up. Start by removing any leaves, branches, and other debris that have fallen into the area. Also, remove any dead plants around the area. Once the area is clear, lay down mulch if your plants need it. This will help regulate moisture and keep your soil at a consistent temperature while fending off pesky weeds.
GET YOUR SEEDS AND SOIL PREPARED Now that your tools and space are ready to garden, you can get your seeds and soil ready. Pick out the best soil for the plant you’re growing and your location. Before laying your soil, check the area for weeds, and pull them as soon as you see them. Continue this practice until the weeds have stopped sprouting. Now, you’re ready to start planting. Buy your preferred seeds and plant them according to the packet instructions. You can add Miracle- Gro plant food to give your plants the best chance of surviving. When you start your gardening preparations early, you set yourself up for the best chance of successfully growing flowers, vegetables, fruits, and other plants. With time and care, gardening can become a talent that expands your Foundational Dimension and brings your family together outdoors. Good luck with your spring planting!
The spring season officially kicks off on March 20. If you’re planning to have a garden this year and haven’t started preparing yet, now is the time to start. If you’re unsure how to prepare properly, don’t stress or worry; we’ve got you covered! Below, you’ll find a few tricks to set your garden up for success.
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‘IRISH I KNEW THAT SOONER!’
6 Fun Facts About St. Patrick’s Day
HE DIDN’T BANISH SNAKES Legend has it that St. Patrick banished all of the snakes from Ireland. In fact, even some portraits depict him doing so. However, fossil records show that snakes were never present in Ireland around his lifetime.
Year after year, we celebrate St. Patrick’s Day with green shamrocks, leprechauns, pots of gold, and Lucky Charms, but did you know that St. Patrick was actually British? Even more surprising, St. Patrick isn’t even his real name!
Get ready to celebrate the luck of the Irish while expanding your Intellectual Dimension with some fun St. Patrick’s Day trivia.
THE MAN’S BRITISH ROOTS RUN DEEP St. Patrick isn’t Irish — he was born in Britain around the end of the fourth century. Legend has it that at 16 years old, he was kidnapped and sold into slavery by Irish raiders. After six years, he was able to escape back to Britain and returned to Ireland much later as a Christian missionary. Ireland named him the country’s patron saint after he passed away. MARCH 17 ISN’T ST. PATRICK’S BIRTHDAY Many believe that we celebrate St. Patrick’s Day on his birthday, but it’s actually the day he died in 461 A.D. THAT’S NOT HIS NAME As mentioned earlier, St. Patrick is not his real name! When he became a bishop, Maewyn Succat changed his name to Patrick.
CORNED BEEF AND CABBAGE ORIGINATED IN AMERICA On March 17, everyone loads up on corned beef and cabbage in celebration, but did you know that in Ireland, they ate ham and cabbage, and the corned beef tradition actually began in America? In the 19th century, Irish Americans bought leftover corned beef from ships returning from China. THE FIRST ST. PATRICK’S DAY PARADE HAPPENED IN AMERICA Many believe that St. Patrick’s Day was first celebrated in Ireland, but in 1737, the first St. Patrick’s Day parades actually took place in Boston and New York City.
Did you learn something new? If so, go share that KASH with your loved ones!
St. Patrick’s Day parade, which includes dyeing the Chicago River emerald green. They’ll start tinting the river around 9 a.m., and the color will fade within six hours, so make sure you get there early! Chicago’s St. Patrick’s Day Parade is also one of the biggest in the country. You’ll see floats, Irish step dancers, and much more. NEW ORLEANS, LA Once Mardi Gras concludes, all eyes are on St. Patrick’s Day in New Orleans, Louisiana. The city hosts a parade on March 11, and it’s always quite a spectacle. You’ll see the makings of Irish tradition everywhere, including cabbage, onions, and potatoes, so keep your head on a swivel. You can also head to the Irish Channel neighborhood on March 11 to attend an all-day block party. Plenty of green beer will be available, so come ready to celebrate! NEW LONDON, WI Let’s say you want to do something slightly toned down but still exciting for St. Patrick’s Day. Then, you’ll want to check out New London, Wisconsin, for one of the country's most unique St. Paddy’s Day celebrations. Leprechauns will change
As we inch closer to the beginning of spring, nature is coming back to life. Luckily, you don’t need to wait until April to see an abundance of green again. On March 17, we celebrate St. Patrick’s Day, and people across the country will dress in green to honor the occasion. Certain cities in the U.S. go big for St. Patrick’s Day. If you’ve never attended a St. Patrick’s Day parade or celebration, maybe this is the year. It will certainly be an experience worth depositing in your Legacy Bank for future generations! Below you’ll find a few cities with St. Patrick’s Day celebrations worth checking out. CHICAGO, IL Nobody does St. Patrick’s Day quite like Chicago, Illinois. This year, on March 11, Chicago will host its FEELING THE LUCK OF THE IRISH? Check Out America’s Best St. Patrick’s Day Celebrations
the city signs from New London to New Dublin. The city also puts on an Irish funeral parody in its annual downtown parade. If your family has Irish heritage, consider planning a multi-generational trip to one of these festivals. Add discussions on your family history and your Values & Vision Statement to the trip, and you’ve got a memorable Family Retreat with a Purpose!
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IUL VS. 401(K): SAFETY & LIQUIDITY
Last year, the average 401(k) dropped by 22.9% to 25%. That kind of loss can have a big impact on those close to retirement.
Comparing Market Protection and Optimal Access to Your Money
Anyone with $1 million set aside in their 401(k), for example, would have lost $250,000. If someone were just one year from retirement, he or she might have to consider continuing to work for another few years to make up the difference. For those with their money set aside in properly structured, maximum- funded IULs (what we call IUL LASER Funds), they didn't lose a dime due to market volatility, as they were protected by a 0% floor.
ACCESSING YOUR MONEY Now what about penalties for IULs vs. 401(k)s?
Let’s say you’re in your 50s and you have a good chunk of money set aside in your 401(k). Life is clipping along, but then an emergency strikes. You have a major accident, incur medical debt, and find yourself unemployed for a year while you recover. You need to access money from your 401(k) to cover the bills, the mortgage, the kids’ college tuition, and your medical care. Not only will you pay taxes on the money you withdraw from your 401(k), but you’ll also pay a 10% early withdrawal penalty (a juicy little bite Uncle Sam takes for himself when folks withdraw money from their 401[k] before age 59 ½).
With the employer contribution, 401(k)s can be a useful part of an overall retirement portfolio, but the market volatility can put you at risk.
In last month’s issue, we compared properly structured, maximum- funded Indexed Universal Life policies to 401(k)s. We examined how each type of vehicle affects your taxes. In this article, we’ll continue the comparison, looking at safety and liquidity. MARKET VOLATILITY VS. MARKET PROTECTION Let’s start with another time period when market volatility was significant, during what we call the Lost Decade (2000–2010). Between 2001 and 2003, the 9/11 tragedy and the dot-com bust destabilized the market, and millions of Americans lost 40% of their traditional retirement account values. Let’s say you had a $1 million nest egg saved in 401(k)s in the year 2001. In three years, you would have seen it drop to $600,000. Then it would have taken four years to come back to breakeven at $1 million.
Suddenly your nest egg has become Uncle Sam’s breakfast.
But what if instead you had your money in an IUL? You could access the money needed to cover all your expenses, AND you wouldn’t have to pay any taxes on that income. What’s more, you wouldn’t have to pay any early withdrawal penalties. Thanks to IRS codes, if you access money from your IUL the smart way (in the form of a loan), you can enjoy tax-free income at any time, any age, for just about any reason, without owing any income taxes or penalties. While 401(k)s can be a useful part of your financial portfolio, they clearly have some limitations. This is why we generally recommend putting as much as you can into an IUL LASER Fund (up to your maximum affordability guideline percentage, typically 20% to 40% of your income or net worth), and balancing the rest of your retirement strategies with vehicles that offer as much liquidity, safety, rates of return, and tax advantages as possible.
During that same time period, many of our clients doubled their money using IULs IUL LASER Funds.
They were protected by the 0% floor, which means they did not lose money due to market volatility when the market went down — and they made money when it was going up. A few years later, disaster struck with the 2008 market crash, causing millions of Americans to lose 40% of their account values yet again. It took another four years (until 2012) for many of them to come back to breakeven.
Contrast that with our clients who had money in IULs at the time. Many of them tripled their money.
How can IULs offer safety during downturns? Through something called indexing. With indexing, your money can be LINKED TO the market, while not actually being IN the market. This way, your IUL benefits from tax-free growth during the market’s up years, and it’s protected from loss due to market volatility during down years with that guaranteed 0% floor.
Learn more about the safety and liquidity your financial future deserves. Order your free copy of “The Laser Fund” book today.
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3 DIMENSIONAL WEALTH LIVING
ALSO IN THIS ISSUE ...
Teaching Our Kids to Make Their Own Luck page 2 Thinking About That Garden? page 5 Making St. Patty’s Day Unforgettable page 6 Safety & Liquidity - IULs vs. 401(k)s page 7
Essentials for Creating Your Legacy of Authentic Wealth
SCORING BIG IN ALL AREAS OF LIFE Ranking your progress can be a powerful way to get ahead. Read more on Page 1 …
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