EPISODE #019

PUSH BACK AT YOUR FINANCIAL PRESSURES

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5 Ways Your Wealth Is Under Attack book

5 WAYS YOUR WEALTH IS UNDER ATTACK

If you want to stop the attack, you'll want to get your copy.

Financial Pressure: Why It’s Important To Push Back

In this financial pressure episode, John exposes the three main areas directing pressure on your wealth. He sketches out some strategies for pushing back.

John has lectured extensively on financial planning and is the author of 5 Ways Your Wealth is Under Attack and It’s Your Wealth – Keep It.

John’s strength is his ability and commitment to improve the level and quality of the financial planning process.

His dedication to his clients’ growth involves an evolving strategy. His focus is to meet the demands, desires, and needs of his clients in a changing economic environment.

Don’t miss John’s key points:

  • Firstly, the three biggest culprits applying pressure to your wealth are the government, financial institutions, and corporations
  • The government exerts pressure in the form of layer upon layer of taxes. This comes in the form of federal income, state income, local sales taxes, capital gains taxes, social security taxes, real estate tax, excise taxes, Medicare tax, and estate inheritance taxes, to name a few.
  • Also, financial institutions such as banks, mortgage companies, and insurance companies also add pressure. They sell products with fees, charges, commissions, and penalties built-in. Some of these fees are hidden. All fees are not inherently bad, but they deserve your attention.

And corporations:

  • Corporations squeeze you with strategies designed to keep you buying their products:
  • Planned obsolescence is another pressure on your wealth. It guarantees that products require frequent replacing. The use of flimsy materials, termination of the spare parts supply, or changes in design force us to spend more money, more often.
  • Lastly, some companies offer multiple pricing choices. You choose one not knowing whether it actually saves you the most money.

These are a few of the many examples John walks through to illustrate each of the three pressure sources. Listen to podcast above for more.

John advises adopting a mindset of constantly scrutinizing what you buy. He stresses to look into how you are taxed in order to get the most benefit for yourself and your family.

It helps to have an experienced wealth manager sit down with you to discuss in detail these areas of pressure. That’s what we do at Smallwood Wealth.

If you are new to Smallwood Wealth schedule a Wealth Curve Conversation here.

Or call us at 732-542-1565.

Talk to a Smallwood Wealth Management Financial Advisor

No Cost, No Obligation.

push back at your financial pressure

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Everyone is impacted by these 5 problems. The question is, how big are yours? What impact do they have on your wealth potential? CLICK HERE TO GET THE BOOK

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