Most advisors focus on the clubs rather than the swing. In this episode, I'm going
to address the question. What is the primary reason most retirees don't have enough money
at retirement and I'm gonna use a golf metaphor so you understand the difference between
the clubs and the golfers swing. Get ready, you're going to be blown away.
So, my name is Doug Andrew and I've been a retirement planning specialist helping
people optimize their financial assets but reposition them at retirement. Because at
retirement planning is something totally different than what most people did
for their retirement planning and so I help people get postured to be able to eliminate the dangers
of taxes, inflation, market volatility, on their hard earned money so they will not outlive their money.
But often people come and they are a little bit distraught because maybe they've been working so
hard in their life sort of following the herd putting money in traditional IRA's or 401ks and
now they realize, wait a minute here, Wall Street was never designed or built to create predictable
income because I need a predictable cash flow and the market volatility will not allow me to do that
and frankly, that's exactly right. That's why the financial services industry cannot really show
you predictable income streams except it may be a pathetic four percent payout because of
that market volatility. But it's much more than the money. A lot of times people have in an effort to
maybe provide a financial means for their family and kids and grandkids they lost the relationships
in the process. So, as I've shared on other episodes we call this three-dimensional wealth because
life is like a three-legged stool and there are three dimensions of what I call authentic wealth.
There's the financial dimension but there's the foundational which involves your health,
your heritage, relationships, your beliefs, and so forth, and then also the intellectual dimension
which is your education, your experiences. Wisdom is a product of knowledge times experiences
and often we do not leave behind the knowledge, the attitudes, the skills, and the habits to those
we care about our kids and grandkids. So, this is a different approach than most financial advisors
and estate planning attorneys use in order to help you not outlive your money. So, get ready, I'm going
to use a whiteboard illustrated drawshot video to help you understand this and that I'm going to use
a golf metaphor. If you were going to be playing in a golf tournament let's say and you have the
choice of using a professional golfer like Phil Mickelson's swing or you could use his clubs.
What would you choose? I'd rather have the swing not the clubs. Well, I've noticed in my 48 years as
being a financial strategist that most financial advisors focus on the clubs or the commodity so
to speak. By this mutual fund. By this stalker bond or gold or silver. Folks, it's not in the commodity
it's in the strategy. It's in the swing. I've noticed that most estate planning attorneys
seem to focus on dividing up the golf clubs and the trophies among the kids and the grandkids when
you die. I'd rather leave behind how to fish to my kids and grandkids than dumping a bunch of fish in
their lap. I want them to be self-reliant to never be unemployed because unemployment is a mental
condition not a physical condition. Securities in the individual not in somebody giving you a job to do.
At three-dimensional wealth, we focus on all three dimensions like a three-legged stool.
Now, this involves learning true principles, and if you've seen our 10 principle scorecard these
are the ones that we focus on when we teach events like retire by design and I'll show
you how you can attend a virtual one of those here at the end. But see, a truth is just a belief
until you experience it. When you experience a truth it becomes a truth to you. So, all of
the principles that I have on that scorecard I have experience and I continue to do so and
they are game-changers. Now, the next thing is to learn strategies and concepts proven strategies
that will help you implement those principles for the highest and best use you possibly can
and that's what I do. I help facilitate people with proven strategies and concepts
and then I can show you the general features of the tools. I might show people when to use a
driver a 7-iron or a sand wedge but I don't get in the specific brand of clubs. Because I have
financial professionals that I point my students to, my mentees to, that will teach the true
principles strategy and concepts and then show you the specifics of the tools and this is what I'm so
passionate about. I've trained over 3,000 financial advisors, CPAs, and tax attorneys,
and they sit there with their mouths open because only about 200 could pass a proficiency exam to
prove to me that they were actually helping their clients optimize assets and minimize
taxes. So, let me share with you my concern about this. This is sad that so many financial advisors
in this country call themselves fiduciaries which means, they're supposed to put your interest ahead
of theirs and yeah, I agree. But so many times when I teach these CPAs and tax attorneys and financial
planners and I go, "So, your mature saving clients do you believe that when they retire they're going
to be likely in a higher tax bracket?", "Yep". Then why are you continuing to allow them to defer
and defer to some future perceived unknown advantage and then withdraw their money
later when it's grown to this when taxes will be higher? That's not being a fiduciary.
Are you looking out for their best interest and they sit there and the blood drains out of their face
and they go, "Oh my heck, we need to be doing something better", and some of them are sheepish.
They don't even want to admit to their client that maybe they steered them the wrong way.
So, let me show you what you can do. Instead of following the herd I want to empower you.
You are your own best fiduciary who looks out for your best interest better than you. So don't get caught
in the trap and if you can't find an advisor that will help you plan and eliminate unnecessary tax.
I would recommend that you get educated by attending one of our educational events like retired by
design and also the textbooks that we use over 500 pages of curriculum. I want to gift you and allow
you to be able to have that at your fingertips and if you like to listen and learn or watch and learn
you can do that also. But it's more important to have the swing. Now, the swing you will learn one
of my favorite strategies is indexing which allows you with your money to participate when the market
goes up. But when the market crashes you don't lose a dime because your money is not at risk in the
market. You would not believe how many financial advisors do not understand indexing. They think I'm
talking about index mutual funds. So, search on this channel. In fact, if this is resonating with you
and you can think of somebody who ought to hear this or watch this. Be sure and share, click
like, post a comment, but subscribe to this three-dimensional wealth channel and click
the little bell when you do. Because then you'll be notified every time I post a new educational
video which I do almost on a daily basis. But this is what I want you to do, understand how to take
ownership of your brighter future. And so, when we talk about um the swing versus the clubs it's a
metaphor and even if you're not a golfer like I'm not you understand what I'm talking about. I would
rather use the strategies it's in the swing not in the commodity by this stalker bond or mutual fund.
The same is true when I'm leaving behind the things that I have learned throughout my lifetime.
I want to leave behind the swing to my kids and grandkids instead of dumping a bunch of trophies
and golf clubs in their lap. What are they going to do with those? I want them to be self-reliant as
I've indicated. So, this is what you can do to claim your free copy of this most recent best-selling
book it's called the laser fund and if you go to laserfund.com or click on the link below.
You contribute a nominal amount towards the shipping and handling and I'll fire out a hard
copy of this. This is 300 pages which is actually two books in one. The white covered side is 200
pages 14 chapters with all kinds of charts and graphs and explanations. If you're more of a right
brain learner, you can flip it over and read this one and this one is 100 pages 12 chapters with 62
chicken soup for the financial soul stories. If you want to use your whole brain right
brain left brain I would recommend you read both. But also, if this is resonating with you
I also have this book entitlement abolition. This is the 10th book that I authored and it's also
flying off of our warehouse shelves. You can do the same thing you can get a free copy of this.
You contribute a nominal amount towards the shipping and handling. But when you go into that site and
that's entitlementabolitionbook.com. You can also get the audio, you can have video, I even have 18
hour master classes on both of these. But check out our retire by design of virtual workshops
and others that we hold and if you register, you'll be able to get a discount by going
in and claiming your free copy of the book. The point is this, this is about you it's not about me.
This is about your brighter future. So, this is the primary reason why most retirees don't have
enough money at retirement because they're focused on the clubs instead of the swing.