Month: July 2022
Acute Wealth Advisors has tips on spending in retirement
Jason 0 Comments Tips for Retiree's
So you’ve save save save your whole life and then it comes time to retire and you’ve got to start spending that money down well for many baby boomers spending that cash isn’t as fun as they thought it would be Matt Deaton of acute Wealth Advisors he is here this morning to explain and Matt is one of the valleys leading financial advisors he and his partner Damon they have a weekly retirement radio show and they help folks prepare for retirement and Matt it’s it’s mind boggling really when it comes time to actually go out and spend the hard-earned money that you’ve worked hard for you said that some people can’t do it they’re they’re fearful why well part of its they’ve they’ve developed habits of saving their whole life and now it’s time to start spending I’ve got this client that I’m working with right now she had hurt us at one of our workshops and she came in and she was currently being with her advisor once a month because she was so worried about her money she had just retired she didn’t know what to do and as she talked and she talked through these things I found that she was basically paralyzing or spending she just really didn’t know what to do she I told her I said you have some investments but you don’t have a financial plan you don’t have a plan for how you’re gonna spend this money and so you’re really really scared about it oh yeah and so so we’re working with her to kind of put that plan in place so that she can you know and she doesn’t have to meet with her advisor every month right and be worried about this that she can go out and enjoy retirement all right so how do you suggest that those folks out there who might be like her how do they overcome their fear well I think there’s a couple things number one I think knowledge is power the more you can understand about a subject the better and so we believe when we sit down with someone to educate them and teach them and so we spend the first few appointments just talking and educating about those the other thing that we have started to do is we’ve started to do these college courses okay so we hold these courses that’s a community college close it’s two nights it’s for two hours each night so it’s not long it’s not extended but it’s enough time to go into depth on these classes in this subject so that people can now own their finances because now they can learn about fees they can understand how to analyze their statements all these things that people get petrified and worried about that cause the issues when they were and so this to our class it’s two nights for two hours it’s a I mean are we you’re teaching us basically how to spend so we’re taking notes oh there’s a workbook we’re gonna teach people how to maximize their social security so the first thing we’re trying to teach people is how to get the most out of their money okay but then once you understand that you’re gonna know okay this is the money I need to set aside for the income I’m going to need ten years down the road but this is the money money I can spend now so I can have some fun while I’m young and I’m healthy and I can move and I can go on the cruise and all the things you’ve been doing so it’s it’s a it’s a course that just starts from the basics and builds on them alright so after we finished this two-day course you’ve given us a plan of action our distribution plan do you suggest that we update that oh absolutely so just because you go to the one class or just because you’ve sat down with a financial advisor at one time you cannot just stop there you need to continue to develop and make changes to that because things are gonna change your health is going to change your spending is going to change and so you need to make adjustments to your financial plan and I would have to imagine that after they have this plan that they the fear is lifted a little bit absolutely because again instead of just having investments you have a plan and so if you’re an emergency and you have a plan a lot of the fear goes away you know what you’re supposed to do that class and go gosh darn it I gotta get out there and enjoy my retirement well that’s all probably overwhelmed and and excited well she’s turning to become more excited you know she’s been overwhelmed she’s been fearful now she’s starting to get where she’s like okay I can really enjoy the travel I don’t do it I can do it and I think that you know that fear is normal because we’re not getting the income anymore so we don’t want to stop our current lifestyle right great information well let’s give you some information let’s to give you the tools that you need to enjoy retirement if you want to learn more you can attend that upcoming two-day educational course that we were just talking about hosted by acute wealth advisors there are two courses that you can choose from in October now one is going to be held at Mesa Community College the other at Glendale Community College and if you call in the next thirty minutes you’re going to receive 50% off the tuition for that course so it’s half off four eight zero six two zero six nine zero seven is the number to call spaces filling up so be sure to reserve your seat today acute wealth advisors they have offices across the valley for your convenience learn more by visiting acute wealth advisors dot-com
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Stay hydrated – Health and Wellness Month #4
Jason 0 Comments Health for the Retired
(logo whooshing) (ethereal voices) – Hi everyone. This is Stephanie for IVA, the Institute for Vocal Advancement. Welcome, to our health and wellness series for voice teachers. (relaxing music) So today, I will be
talking about hydration, super important subject, not
only for us voice teachers, but for life in general, right. We only are healthy, and
are functioning well, if we stay hydrated. Like the general recommendation is, to have six to eight
ounces of water every day. That equals about two liters of water. However, if you are a voice teacher, that amount might actually not be enough. And I tell you why. When you’re teaching voice,
you’re talking a lot all day. You’re singing a lot. And with every exhale that you’re doing, while you’re speaking, or singing, you’re actually losing water. So that’s why you need to make sure that you’re taking in more than just that minimum
amount of water, okay. It’s for you in order to
stay healthy in general, however, you need to
focus as a voice teacher, for a long time, depending
on how many hours you’re teaching a day, it
is crucial to stay hydrated, in order to really, really keep your focus throughout the day, also to
the very last hours of the day. They deserve, the same
focus, the same intensity, of attention, that you
had in the very beginning. And again hydration is key. But not only that, it’s
not only to stay focused, to keep your brain going, no. How do our vocal folds
function at their very best? You got it. It is when they’re hydrated. When they’re nicely
full and rich of water. Problem is though, kinda like
with short-term hydration, doesn’t really work, okay. Because, when I’m drinking
just a sip of water, it doesn’t reach my vocal folds. It nicely lubricates my
throat, it feels good, it might help me after a few minutes, to keep the focus again, however, have you ever heard the term, you’re singing on yesterday’s hydration? That is correct, because
it takes quite a while, for the water that you’re drinking to actually go through your system and end up hydrating
your vocal folds, okay. So that’s why you need to
stay hydrated constantly. Well, how do you do that best? Well what I do all the time, everyday, it’s like the first thing I
do when I get to my studio, I bring a big pitcher
of water, flat water, not carbonated water, because honestly, carbonated water makes me burp, okay. And, but not only that, I also
bring a big pot of green tea. I just love green tea, it feels good, it’s kind of energizing. It makes me awake, but not tired. And so I have a pitcher,
water, and a pot of tea, next to me all day. I constantly keep drinking it,
keep pouring it into my mug, but also whenever a student comes in, it’s the first thing I
offer them, they love it. They know when they come to my studio, I present them with the
best tea, with good water. Sometimes I infuse the water with lemon, or grapefruit, or cucumber, just like freshly-sliced cucumber. Tastes amazing. Has nice enzymes in it, and again, it makes me actually drink more water, because it tastes yummy. Doesn’t contain sugar. Sugar honestly, it makes you tired. It’s not good for you. So it’s very fresh, and just very nice also for your students. And sometimes in the morning when I start, I have a coffee on the side as well. But honestly, that doesn’t
really count for hydration. So in terms of hydration,
you only wanna count, water and tea that you’re drinking, right. So, yeah, that’s mainly
what I really, really recommend to you. Constantly, constantly drink. Have it right next to you. Present it to your students. Whenever your student is talking to you, or you’re explaining
something to your student, or you’re in a transition,
while you’re teaching, from working on exercises,
towards working on a song, you’re bringing up a track
on YouTube, or something, I always right away grab my glass, or pitcher of water, and refill, refill to my students. That’s how I stay
hydrated, because honestly, if I don’t do that, I notice immediately that my voice gets
scratchy, I’m losing focus, and I don’t like it, because
I wanna be 100% available, vocally and mentally to my students. And I know you’re just the same. So, take that into consideration. Get the pitcher. Get the big pot of tea. It’s just amazing. And I’m sure it will be helpful to you.
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How To Become A Millionaire In Two Years Buying One House Per Month – Real Estate Investing
Jason 0 Comments Retire Wealthy
Joe: Hey, it’s Joe Crump. I’ve got another video here for you. This one is from Karen Smith in Columbus, Indiana. Karen: “Joe, can you explain the millionaire matrix? Does it really work and can you do it without down payments or using your credit?” Joe: Absolutely, it works. The Millionaire Matrix is a structure that I teach that shows people how they can actually make a million dollars in equity and in cash within 2 years by buying just one property per month using no credit and no down payment.
And instead of just me explaining it in this video with a talking head, I’m going to pull up a little power point here and show you exactly how this process works. Joe: I created this little power point to show you what the Millionaire Matrix is and how and why it works. Joe: Before you can understand how it works, you need to understand the principles behind it and why it works. That brings us to the idea of businesses in general. 90% of all of the businesses that start up fail in the first year, whereas 90% of all new franchises succeed. Why is that? Why would franchises succeed and businesses in general, not succeed? And the big answer is — systems. Franchises have step by step systems to show the business owner (the person who’s implementing the tactics in the strategy of the business) how to do each little system in the business.
Joe: Let’s take the ultimate systematization — McDonald’s. If you go to a McDonald’s, everything is done the same at every McDonald’s that you go to because each of their processes is spelled out in a specific system. They have a system for making a Big Mac. They have a button to press when it’s time to flip the burger. They know how many burgers to put on there, they know what order to have with a picture of a hamburger, and how to put it together where it shows you that that’s where the bun goes and that’s where the hamburger goes and that’s where the lettuce goes and that’s where the special sauce goes. And it makes it very easy for people that are not very skilled to put together a hamburger consistently all over the world. Whether it’s here in Indianapolis or whether it’s in Wisconsin or California or Berlin or Paris or Ireland — it doesn’t matter — wherever you go to a McDonald’s, you’re going to get the same burger — it’s going to be put together the same way by the same skill level of people.
Now, McDonald’s has a 200% employee turnover every year. That means that they’re constantly trying to train new people. For them to get that consistency, they have to have a system in place to make that business work. Joe: And that’s what I’ve created in the Push Button Method and the mentor program. I’ve created systems so that I can take new people (people that have never been real estate investors before) and give them a system and say, ‘Step 1, do this. Step 2, do this. Step 3, do this.’ Joe: That takes us to the next question in the process here, which is what types of deals make you money.
You need to understand that as well. In real estate, there’s only two types of deal that’ll make you money. One is properties that you buy substantially under market value, either for cash or as an assignable cash offer. And two is properties that you can buy at market value or below but you can buy them on terms. Now, by terms we’re talking about zero down structures that I teach; subject-to, multi-mortgage, land contract, contract for deed, lease option, assignable cash deals. Those are terms and if you can buy properties on terms like that, then you can make money even if you buy them very close to market value. Joe: That’s going to take us to the next step which is the beginners Millionaire Matrix. Now here’s what we want to do with the Millionaire Matrix and the goal of each system. We want to be able to make $5,000 per deal. We want to be able to do one deal per month. We want to be able to work 10 hours per month. That means hours per week. We want to be able to have $200 residual income per deal.
That residual income I’m talking means every month you’re going to get $200. We want to buy 10% under market value; it doesn’t have to be dramatically under market value because you’re buying on terms, and I’m going to show you why that makes the difference. And you’re going to want to sell it for 10% over market value and I’m going to show you how to do that. Because we’re selling it on terms as well so we can sell it for more than it’s worth. So this is the basic concept for the Millionaire Matrix. Joe: Now let’s take an example deal — how the Millionaire Matrix and an example deal would work within it. Joe: Every deal is going to be a little bit different and you’re going to make a little bit different amount of money on each one, but this is sort of the model that we’re going by. I used the $100,000 as sort of the market value of the property simply because it’s a nice round number.
I know that the market value across the country is all over the place. You should probably go by percentages rather than this but I want to show you, even on a lower end market, that you can still make this kind of money. On a higher end market you’re going to make more money. So let’s start with a lower end market and then you can extrapolate from there. Joe: Let’s say you’ve got a purchase price of $90,000. The market value is $100,000. The financing — you’re not putting any money down, you’re not getting a new loan — you’re buying it subject to the existing loan. Which means that the property is going to be deeded to you and you’re going to take over the payments on the loan — without qualifying on that loan (remember that).
You’re going to sell this property for $110,000 to a new lease option buyer. You’re going to sell it on a one year lease option or maybe a 2-5 year lease option if you choose to do that. At closing you’re going to make $5,000 on the lease option fee at closing of this deal. The equity left after the lease option fee is about $15,000. You’re taking $110,000 sale price, you’re taking $5,000 from that, and that means you’ve got $105,000 that they still owe you for the property. You only owe $90,000 so that means there’s $15,000 in equity. Now the monthly loan payment on this 90,000$ loan that’s there — let’s say its $900 a month and you’re going to lease this property for $1,100 a month. This is an example deal. Joe: Let me also reiterate — you’re buying this property subject to the existing loan. That means that you’re not putting any money down and you’re not qualifying for a loan. They’re deeding you the loan. You have complete control of the property but it’s subject to that loan that’s existing on there.
You’re buying it for a little bit under market value but not that much under market value. You’re selling it for a little more than market value but not that much over market value. You’re selling it on a lease option which the buyer may or may not exercise. You’re getting a lease option fee at closing — you’re making $5,000 at closing. And you’re going to have that equity left in the property, and if they exercise that option, you’re going to make that other $15,000. You’re going to have that loan payment that’s on that existing loan of $900. And you’re going to get a lease income on that property of $1,100. So you’ve got $200 of positive cash flow every month. So that’s sort of the model of this whole thing. Joe: So let’s go to the next frame here. This breaks down to doing one deal per month over the first year. I’m going to show you how to become a millionaire basically over a 2 year period.
Month one — let me bring my little arrow up here — cash at closing, making $5,000, that’s the lease option fee. The $200, remember the difference between the $1,100 and the $900 a month payment so that you made $200 a month on that. Equity payoff this month, you didn’t make anything. It hasn’t paid off. Nobody has exercised their option. Equity buildup — you’ve got $15,000 because you bought that property and there’s $15,000 of equity. Remember the spread — you bought and sold it for $110,000, you got $5,000 and they still owe you $105,000, and there’s a $90,000 mortgage. That leaves $15,000 on there that’s your equity. Joe: And then a tax benefit based on $100,000. This is depreciation. If you take this property and you depreciate it by years, and then you divide that by 12, you’re going to end up with an actual tax savings in your pocket of about $106 based on about a 30% tax bracket. And these are just general numbers here but they’re pretty close.
Joe: Month 2 — you’re going to do the same thing. You’re going to do another property, make another 5 grand, make another $200 a month and so now your monthly residual income is going to go up to $400 a month. You’re not going to get any payoff because the year hasn’t passed yet. You are going to build another $15,000 of equity in the property. And now your monthly tax benefit is going to be $212. Month 3 — $5,000 -same thing – it just goes up every month for the whole year. Let’s go all the way down to the bottom of the year. At the bottom of the year you’ve made $60,000 in cash at closing from just doing these 12 deals. And believe me, I’ve got people that are doing 5 or 6 of these a month on a regular basis because they’ve set up the systems that I’ve given them to do that.
Joe: The next thing is the monthly residual. Just from what’s going on here, you’ve made $15,000 the first year in that; residuals. Equity payoff — nothing’s paid off the first year yet because nobody has exercised their option yet. Equity buildup — you’ve built $180,000 worth of equity in the deal and you’ve made $882 in taxable savings during that first year. So in that first year in the Millionaire Matrix, you’ve made a total amount of cash of about $83,000. You’ve made total equity of about $180,000. So you’ve just made $263,000 in the first year doing only one deal per month. Joe: Now with these deals, if you have 8 or 10 hours of work into these deals, that’s a lot of time in these deals. So remember there’s a startup learning curve. And there’s going to be the time that it takes to set this process up, to get this system going; all of that stuff. But the actual time of the deals is very, very low. And once you learn how to do it and once you get it going, it’s going to be easy to keep it going.
Joe: So let’s go to year two, and look at the second year. Things start to change dramatically in year two, if you’re going by this model. And we have different models that we go by. You don’t have to go by this one. But I’m just taking a simple model and how it can expand your income very, very quickly. Let’s look at month one. You’ve got $5,000, your residual income is now $2,400 a month because you’ve got 12 deals (and you only have to keep 12 deals like this because they’re going to be paying off as they exercise their options).
So as the first one pays off and you get your equity out of the property because they exercised their option, you made $15,000 equity payoff in cash plus you bought a new property, so you’ve got $15,000 new equity buildup and now you’ve got 12 months’ worth of tax savings over 12 properties. So you’re going to be making about $1,200 a month in tax savings, which is pretty substantial when you start making this kind of income; it’ll save you a lot of money. Second month — same thing. Joe: Now, keep in mind — this is the big variable — how many properties are going to actually exercise their option? It’s going to be much less than the total amount, so you may not make this full amount. There are ways to optimize this process and get more of the people to exercise their option, and I show you how to do that.
I’m not going to spend the time on this video to do that. Joe: But let’s look at the bottom line on the second year. $60,000 – same as you made last year on the cash flow. Monthly residual — it well over doubled. Equity payoff — assuming that they exercised their options, just made a nice chunk of money on equity payoff. Equity buildup — you make another $180,000 on top of this $80,000. You made $15,000 in real cash money in your tax savings through depreciation, so it was a really nice year two. Then your second year on the beginners Millionaire Matrix is total cash at $284,000, and total equity of 180,000$. The grand total of year two is $464,000. I add that to the $263,000 and you’ve got $750,000 in your first two years, not quite the million that I promised you but pretty darned good. Joe: Let’s say you get better at what you do, that you get a little bit better at the process. As you’re doing this, how much will you improve? Will you get 100% better? Will you get 75% better, 50% better, 25%? How much better are you going to get at this process after one year? I venture to say that it will be more than you think.
But let’s say that you only get 25% better. If you get 25% better at better price from the seller on your property, instead of getting 10% under market value, you get 12.5% under market value. Not very much — next to 2.5% better on your price. Let’s say you get 25% down from your buyer so instead of getting $5,000 down you get $6,250 down. Let’s say you get 25% more lease money monthly and your $200 goes to $250 a month. Let’s say you get 25% higher price from your buyer — instead of getting $110,000, your price goes up to $112,500; not that much more. And you do 25% more deals a year so instead of doing 12 a year you go up to 15 deals a year. Now this is very realistic to think that you can get just 25% better. I have people that get 100% to 500% better at what they do and their production goes up with that statistic. The ability that you have and the talent that you have in this grows as you do it.
This is a skill and you build that skill through this process. Joe: So let’s look at the second year Millionaire Matrix if you’re 25% better. Now you’re making $6,200 instead of $5,000 so that jumps that up from $60,000 to $93,000. That just increased your income by 50%; right in the first column. The second column goes up a good deal as well. Your equity payoff went up almost $100,000. Your equity buildup went up by $100,000. Your tax benefits, well, they didn’t go up at all. But still, you just increased your income by a substantial amount of money. So just getting 25% better at the second year of the Millionaire Matrix — now you’ve made $730,000 that second year. You made $260,000 the first year, so NOW you’re at the million dollars. Joe: This is a realistic model and it can work. Again, part of the biggest downfall of this process is the amount of people that exercise the option which is less than we would like, but keeping these properties — you also continue to build your equity and you buy down the notes.
You get the depreciation and those other things start to grow. So that’s not a bad thing, either. Joe: So this is a great way to do it. This required no money and it required no credit. All it required is your effort to follow through with the step by step system of putting together subject-to deals, of finding buyers for those subject-to deals and filling those properties.
And you do this all without risk because you’ve got so many contingencies in the deals that you’re doing that and if you don’t find a buyer for the property that you buy, you don’t close it. I think the whole beauty of this system is that you never have to close a deal until you know that it’s going to make you money, so instead of everybody doing zero down (which everybody talks about and I talk about as well) you’re not really doing zero deals.
What you’re doing is cash out deals, all the time, without using your credit. So it’s very exciting stuff. Joe: That’s the Millionaire Matrix. it’s a very powerful way to buy properties. It creates cash flow for you upfront so that you can have a sustainable business and it also creates that long term growth and wealth building that anybody needs if you want to retire from this business and be wealthy. It’s an exciting process. This, by the way, is what I teach in my six month program. It’s what I teach in my Push Button Method. So, either one of these programs will get you into more detail about exactly the step by step process of how to put all of that together.
I’d love to work with you and to help you and make your business and your dream come true on this. Thanks. Bye. .
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How to Become Rich | Retire on $10 a day
Jason 0 Comments Retire Wealthy
Is it possible in this day and age to become a millionaire? Or perhaps the better question is: why would you want to become a millionaire? I mean, in the media today, millionaires—and billionaires for that matter—are often not depicted in the best light. Characters like Scrooge McDuck or the always supremely evil C. Montgomery Burns come to mind here. And of course, right now in real life, we have the ever-present Donald Trump as one of the main poster boys for the super wealthy. So, I suppose, with that kind of media influence hovering over us our entire lives, it’s not surprising that most of us have a fairly negative view of the super wealthy, and many really do not want to become a part of it. Especially since the majority of us don’t personally know anyone who’s super rich, we don’t have anything to really balance the scales, and all we really have to draw upon is what we see in the media.
And that’s really unfortunate because there are a lot of really great, wealthy people out there. But most of them are not in the public eye, and even the ones that are, like Bill Gates, don’t get as much media attention as someone like Donald Trump does. And as a result, there are a lot of misconceptions about millionaires and the wealthy in general. Hey guys, Daniel here from Next Level Life, and it recently occurred to me that I’ve been neglecting a huge part of what it takes to have that next level life that we all dream of, because whatever your dream life is, you need to have the financial resources in place first to be able to live it.
So with that in mind, I’m going to be starting this new series on my channel, covering various topics in the field of personal finance. And as you can see by the title of my first video in the series, I wanted to talk about a simple plan that, if stuck to, will practically guarantee your future millionaire status, as well as take a moment to really define what a millionaire is and is not. Because, believe it or not, even for the average American, it is possible. No, you know that possible is too soft a claim because it’s more than possible. In fact, if you follow a few simple steps, it’s almost guaranteed. Don’t you believe me? Well, hopefully over the course of this video as well as the rest of my personal finance videos that will be coming out soon, I’ll be able to convince you. So without further ado, let’s get started. What is a millionaire? A millionaire is simply someone who has a million-dollar positive net worth. Meaning, after subtracting debts and other liabilities and expenses, they have a million dollars worth of stuff leftover between their cash, their house, and all their other assets.
That’s really all there is to it. It has nothing to do with how much money you make. It has nothing to do with what type of person you are or how well-known you may be; it simply means that your assets are valued at least 1 million dollars greater than your liabilities. But how can the average American get to that $100,000 in positive net worth in their lifetime? I mean, at $100,000,000, that’s 6 zeros. I’d imagine that most of us have never written a check with more than three zeros. Unless of course you bought a new car or house with cash, and if that’s the case, kudos to you, you may not even need this video because you’re already probably well on your way to that million-dollar net worth. Now, I said that if you follow a few simple steps, you will almost certainly reach the million-dollar mark.
Let’s find out how. Well, I did a few calculations and found out that over the course of the last 40 years, the S&P 500 has returned an average of % per year, not including dividends. Now, technically speaking, past results are no indicator of future returns, but until we see the future returns, this is the best we’ve got to go off of. So assuming that over the next 40 years the market does roughly the same as it has since 1978, you could invest $2 per month over the next 40 years and become a millionaire. Again, assuming no dividends Now, 261 dollars may seem like a lot, but when you break it down, it’s not even $10 a day, and there are lots of ways to save money. You can cut cable, or go down to a lower internet speed, or not eat out quite as often, or use coupons when you’re shopping for groceries, or you can do none of those things and instead find a way to make a little bit of extra income.
Maybe you start mowing lawns or shoveling driveways on the side; maybe you start selling old clothes that you don’t need anymore online; or if you’re young, you might be able to start teaching people how to use social media better. You’d honestly be amazed at how many people would pay you to do that. There are a ton of options out there; all you have to do is pick the one or maybe a few that work out the best for you and start your own journey on the path to becoming financially independent. Now there are a couple of things that I want to clear up before ending the video for those of you who are a little bit more analytical in nature. That percent is the geometric mean rate of return that the S&P 500 has had since 1978, according to Yahoo Finance. All I did to get it was go through each year and look at where the market was in September, because as of the recording of this video, September just ended.
Then I put them all into the Excel spreadsheet and calculated the return. And I think the reason why we hear so many different rates of return thrown around by financial gurus is because of the inflation effect. I’ve heard gurus say that you can expect to earn anywhere from 6 to 10% per year in the market. And depending on what time frame and type of average you use, any of those numbers could be true. For example, if you go back to 1978 and use an arithmetic average, the average return on the market would be about percent per year. Inflation is generally assumed to be about three to four percent, so if you adjust for inflation, your realized return would be somewhere in that 6–7% range. If you don’t adjust for inflation, of course, you’re looking at a nearly 10 percent return. So there you go—there’s a simple formula for retiring with the amount of wealth that most of us would consider to be rich.
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