Hi, again.
In this episode, we're going to answer do you become wealthy.
You're going to understand sort of a very key component.
I'm going to use metaphor in this episode that will help you understand the key behind
the true or authentic wealth.
How to become financially independent with money.
But also balance you life.
And it's the difference between the understanding just what to buy but how --the strategies,
how to be able to do that.
This is the secret of the mega wealthy.
I'm Doug Andrew and I have met with many, many thousands of people.
I've spoken over 85,000 hours in my life.
In fact, after helping my own clients for nearly 40 years, I decided at the end of 2005...
To little my license is going start a national radio show which is been 11 years running.
I do a lot of TV production and educate people like you because that's my passion and purpose.
And I want to empower you in this episode on really the secret behind becoming wealthy.
In fact, the subtitle on many of my initial books said, "Isn't it time you became wealthy?"
Well, let me show you the key difference here because it's not in a commodity.
It's really in a strategy.
So, let me ask you a question.
If you're going to be playing in a gold tournament, let's say.
And you have the choice of using a professional golfer, like Phil Mickelson's swing or you
could use his club, what would you choose?
The swing or his club?
Now, I'd rather have the swing, not the clubs.
I've noticed that most financial advisors (and I've trained over 3,000 in my life) seemed
to focus on the clubs or the commodity by this mutual fund or this stock or gold or
silver.
It's not in the commodity.
It's in the strategy.
It's in the swing.
I've noticed that many state planning attorneys seemed 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 my grandkids.
I've got 17 grandchildren right now.
Rather 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 and the individual not in somebody giving you a job to do.
So at our company, we focus on all 3 dimensions of authentic wealth which involves learning
true principles.
Now, truth is just a belief until you experience it.
When you experience a truth,, it becomes a truth to you.
And all of the principles that I teach.
And there's several hundred to my audiences and my various books.
I've written 11 books this far.
I have experienced.
And then I take a lot of this principles and I share proven strategies and concepts where
I invested over 3 million bucks in my life sharpening my saw, as Stephen Covey would
say.
But there are some of these that I marry together to help you to be able to optimize your assets
and minimize tax and empower your authentic wealth.
But strategically speaking I share how to..
How to use 7 iron or a driver or a sand wedge.
I don't get a specific brand of clubs because I have wealth advisors that could do that.
What I do is I teach true principles.
I share strategies and concepts.
And then I show you the general features of the tools.
But it's more in the swing than in the clubs.
And the advisors that I point my mentees and my students too, I insist that they focus
more on the swing instead of the clubs.
And one of the greatest strategies is indexing, for example.
And most financial advisors, think I'm talking about an index mutual funds.
No, I'm not.
I'm talking about indexing which is a strategy.
This wealth architects, I've trained over 3,000 who paid 6,000 bucks in tuition to come
3 days.
And that happen from 2003 to 2007.
I was expecting them to go out and help their clients avoid losing money because none of
our clients...
And me had over 3,000 clients also.
None of our clients lost any money when 9-11 happen happened.
The terrorist attacks of 9-11.
Because in 2001 to 2003, most Americans saw whatever they saved dwindle in value by 40%.
A million went down to 600,000.
And it took 4 years until 2007 just to make back what they lost.
Our clients did not lose in those 3 years.
They may not have made very much but they didn't lose.
So, at the end of the 7 ears, most of our clients have already doubled their money from
a million to 2 million.
Then in 2008, it had happened again.
Well, I was teaching these advisors how to protect their clients.
And then I noticed a lot of them, they didn't help their clients.
And I said, what's up?They said, "Doug, we don't have time to educate people like you
do."
So, in order to help educate people, I decide to let all my professional licenses go at
the end of 2005 to become a consumer advocate.
That's what this is all about.
I found that out of those 3000 advisors, these include CPAs, tax attorneys, financial planners
and so forth.
Only about 200 could pass proficiency exam a few years later because if you don't use
it, you'll lose it.
This is not an easy exam.
Most certified financial planners would even score 30% on this because they're not taught
this.
But the point is, if you don't use it, you lose it.
And they're only about 10% of them that could prove to me they we're actually taking the
time to help their clients.
What is this YouTube channel all about?
It's teaching you so that you can recognize which advisors understand it.
Because you'll learn things in this various episodes that will empower you and it'll help
you separate sheep from goats so to speak on who really gets it and who doesn't.
And so, my goal is to help you understand the difference between the swing and the clubs.
So, when we talk about the swing versus the clubs, let me clarify.
The clubs or the commodity would be where you meet the financial planner.
And all they do is show you, "Oh!
Well you ought to put your money in this mutual fund or this annuity or whatever."
And it's not really in the commodity.
It's not in the clubs, it's in the swing.
So, we dvote more of our time in educating our clients on strategies, okay?
So, indexing is one of my favorite strategies.
In other episodes, I teach how indexing helps people when they set aside serious cash.
And what I mean by serious money is money they've marked for their future for their
retirement or their children.
Or children's college education or what-have-you.
You don't want to jeopardize that.
And so, I put my money into max-funded insurance contracts.
And I've averaged between 8 to 10 percent net rates of return.
And people say, "Well, I never seen an insurance company do that."
Well, you've never seen one structured the way E.F. Hutton actually designed them.
They we're their original brain child.
The point is one of my favorite strategies when I maximum fund the insurance for tax-free
income is I use indexing.
And indexing allows me to participate in the market when the market does well.
But if the market goes down, I don't lose because my money is really not int the market.
I'm linking my return using indexing to whatever the market does.
And the insurance company has to pay me whatever the market does.
But if the market loses, I don't lose.
I may relinquish the normal interest I was earning the normal interest I was earning
but I don't lose.
And I've been able to tweet my rate of return by about 2 and a half percentage points by
using that swing --that strategy when we help people capture the knowledge and the attitudes
and the skills and the habits and passed down that to the children and grandchildren.
That's an acronym.
Knowledge is K. Attitude is A. S is skills.
And H is habits.
That KASH, that's an acronym.
K-A-S-H is the swing.
I'd rather leave behind how to fish instead of dumping fish in my kids' and grandkids'
laps.
So, the key is to realize that it's not in the commodity.
It's in the strategy.
So, let me re-emphasize and show you how you can learn more of the strategy instead of
focusing on just some commodity.
Because unfortunately that's what most financial advisors do.
And that's what they practice operates.
So, when my passion and purpose, when I educate people is to help them understand it's more
important to focus on the swing or the strategy.
For example, I have helped many people get out of debt.
It's not any way shape or form.
The best way.to get out of debt is not any way shape or form sitting next to principal
payments to the mortgage company.
People go, "Huh?"
So, I teach them the strategy of successful real estate equity management.
Anything that we talk about, it's really the swing that is the most important concept rather
than "Oh, just open this account and put your money here."
And unfortunately, that's what a lot of financial institutions are forced to do.
So, remember this: When you're wanting to become wealthy, at least to be balanced...
But realize it's more important to understand the strategy behind protecting your money,
saving money and not losing.
And that's why use indexing.
So, please watch episodes on indexing and how to protect your money from not being lost
in the next crash.
Because these are critical concepts.
Those are swing concepts instead of commodities.
So, I would recommend that you watch this particular episode if you don't understand
what I mean by the 3 dimensions.
And then also search for those about how to protect your money from loss or indexing and
you'll see what I mean by some of the swing approaches instead of just the commodity oh-by-this-mutual-fund.
Or this stock or bond.
Thank you.