The gap between your current income and the income you want to have for the rest of your life is a critical piece of information that determines your overall financial future.

Many people just aren’t aware of what their wealth gap is, and how to build their asset classes to match their retirement goals. Without this information, we end up operating our finances in the dark, without an integrated plan or a direction, which will have a significant impact on our entire financial house.

How do we calculate our wealth gap, and determine what we need to do to achieve our goals for retirement? Why is it important for us to be clear on what we need to personally generate for retirement? In this episode, I discuss the cash flow gap and how it can help us determine what we need to do right now to be on track for retirement.

Private courier companies and carriers like UPS and Fedex are having one of their best financial years ever due to increased demand for their services during the lockdowns. The United States Postal Service, on the other hand, was last profitable almost two decades ago and continues to struggle every single year.

Since 2006, the USPS has been failing and drowning in debt, losing up to $9 billion a year.

The world has changed tremendously since then and we don’t require postal services the way we did before email and online services. The USPS has lost its most lucrative income stream, so it’s almost impossible to cover the costs of keeping it running.

But that doesn’t mean there isn’t a way to put at least some of the 35,000 post offices in the US to use, but that isn’t happening.

The fact that the postal service is a government-structured and controlled machine is the real problem, and one we need to remedy. What are some of the reasons the postal service is in such a state of breakdown? In this episode, you’ll learn about the problems with the USPS, and some of the suggested solutions.

I know what you’re thinking...why is a financial and tax podcast talking about politics? But what many Americans don’t realize is that the policies and mandates being put into place now (even for what appears to be for ‘the greater good’), affects every single American in multiple ways, including your financial picture as we now know it.

While tax attorneys tend to push for less taxes (obviously :)), just know that what I really care about is green - as in YOUR money! It’s not about Red or Blue, Conservative or Democratic - It’s all about the black and white of math!

What we have witnessed these last few months is the biggest grab of control over private citizens we’ve seen in decades. Our freedom as Americans is at risk and it should concern us all.

Americans deserve to be born free, to live free and to die free, and any time the government gets involved, that freedom is diminished. With a global pandemic, a national shutdown and massive unemployment, many people naturally want the government to step in and help. But it’s not by accident that this increased government control has also revealed tyranny in our society. When we’re dependent on the government, we don’t get to live our lives the way we choose to.

We should never be willing to give up our liberty, even for safety because we end up enslaved. What are some of the signs that our liberties are under threat? How are tech companies contributing to the destruction of our freedom? How do the politics play into our finances?

In this episode, I discuss a recent Fox News survey about government involvement, and why we should be alarmed by what’s happening in our country right now.

We all believe that building a house to keep us safe throughout our lives is normal… but have you ever considered the financial house you have built with your assets?.. Different asset classes function differently and leveraging their different characteristics can help ensure your long-term financial success. This is what we call our fiscal house. Your fiscal house is made up of assets that involve risk, assets that transfer risk and no-risk assets.

A house is made up of different components that make it a solid, sturdy, comfortable and durable structure, and it’s no different with our money. In our fiscal house, each part has to be leveraged properly for maximum benefit.

What are the components that make up our fiscal house and how do we leverage and maximize each of them? Why should we avoid building all our wealth into real estate? In this episode, I talk about why the process of building and actively managing your fiscal house is so critical to your wealth building.

The American public has been conditioned to believe that there is one path to success, and that is to go to college and get a 9 to 5 job. That isn’t the only option available.

Some of the most successful people in our nation got to where they are because they took a chance on a different path. We live in a country where there’s so much opportunity to tap into if we go against the status quo.

My guest today decided to take that alternate path to success, and he now runs a 47 location real estate operation with 1500 licensed agents.

How do we start our own wealth building journey? What are some of the steps our guest took early in his career to set himself up for success? In this episode, wealth expert, entrepreneur and media personality, Daniel Alonzo shares his journey to wealth and the power of taking a different path.

Guest Bio

Daniel Alonzo is a wealth expert, entrepreneur, media personality, podcaster, speaker and author of the forthcoming book Wealth on the Beach. He brings his messaging of creating a life of passive income and financial independence to 30,000 organic social media followers and speaks in front of hundreds and thousands of people a year.

For more information, visit http://alonzoacademy.com/, watch his videos on YouTube and follow and DM him your questions on Instagram.

One of my favorite asset classes in the tax code is something many people don’t consider, believe in or ever leverage.  

It is one of the most effective ways to stabilize our fiscal house and take advantage of some wonderful benefits unique to the tax code. 

How do we leverage this asset class to build our wealth? What does it do for our finances and how is it different from other asset classes? In this episode, I share one of the best financial strategies tax attorneys can take advantage of, and why you should too.

The initial shutting down, reopening and threat of further shutdowns has created an unprecedented amount of economic instability and uncertainty. If we continue this way, we’re undoubtedly headed for a financial catastrophe of epic proportions.

Recent financial figures confirm that consumer confidence is at an all-time low. People are concerned that we aren’t fully reopening and worried about what that means for the wider economy, as well as their personal finances.

The truth is, we can’t afford any more instability, and we can’t wait for a vaccine for us to get back to normal. We also can’t keep shutting down every time the infection numbers rise.

If we can’t commit to normalization with the virus and we can’t shut down, we have to find a reasonable middle ground. I believe there is a way for us to get our economy back on its feet, while still protecting the vulnerable people in our population from the virus.

Why is it impossible for our economy to bounce back if we continue having these shutdowns? Why does the risk go beyond the economy and money? In this episode, I talk about why rolling shutdowns should worry us.

3 Things We Learned From This Episode

How rolling shutdowns are impacting consumer confidence Consumers just aren’t confident that we’ll be able to resume any type of normalcy. If they don’t feel confident, and aren’t feeling positive about how things are going, they won’t spend money and our economy won’t recover.

Why shutting down isn’t just about the economy There have been real hardships for people who have lost their jobs and don’t have the ability to support their families. As a result many people have turned to unhealthy coping mechanisms and this has increased abuse, addiction, and depression.

The reality about the economy that we just can’t ignore Our economy has not yet felt the sting of the coronavirus because of the stimulus and CARES Act, which have been cushioning the blow. Unfortunately, this is not sustainable. We can’t stimulate the economy forever.

Over the last decade, there’s been an explosion of tactical money management, a philosophy which diverges from traditional investment models. It has produced a huge shift in the type of offerings and services that are provided. 

One method is a cookie-cutter approach that doesn’t take financial individuality into consideration, and the other is on the cutting edge of protecting your investments through intentional strategy and hedging your downside.

What are the core differences between standard asset class management and tactical management? Why is tactical management so much more relevant to what’s happening in the world and market now? In this episode, I talk about considering how, and who, you should be investing your money with.

3 Things We Learned From This Episode

• Passive money management tries to fit you into a model: Traditional money management is passive and standardized. Everything is done at an institutional level and there isn’t a lot of individualized attention to market factors and their impact on one particular sector. The emphasis of this management philosophy is always on rebalancing to the model portfolio range. 

• Our perspective on the market is different:  Tactical money managers are not anti-market. We’re pro-market to the extent that it makes sense for your risk preference, your life situation and your long term plans.

• The tactical money management approach is current: Tactical money managers evaluate the market conditions continually and they make trades on a daily basis to hedge what is happening, move into sectors that are on the upside and to hedge you against the downside.

Our economy has bounced from a massive correction to a fast and swift recovery in record time. But the news media is now talking about a second wave of the virus and what we’re seeing in the stock market is a direct reaction to this fear mongering. 

If we fall prey to the day-to-day news media and market manipulation, we’ll end up investing emotionally and throwing all logic, good decision making and planning out the window. If you have a good investing plan in place, the market volatility won’t affect you and your money won’t get swayed by emotion.

Why is the media so invested in reporting on a second wave of the virus? How can we distance ourselves from emotional investing? In this episode, I talk about the dangers of letting the news cycle influence your investing. 

3 Things We Learned From This Episode

An investment strategy vs. an investment portfolio Having an investment portfolio is not the same as having an investment plan. A plan takes into consideration the fact the market is volatile. When you have a plan, you know you need alternative investments to see you through the volatility. 

Investing only in the stock market leads to emotional manipulationIf all of your investments are in the stock market, you will always make decisions based on emotion because your market based portfolio is going to be affected every time something changes in the market.

The media wants us focused on the wrong information and metricsThe news media is focused on the fact that coronavirus cases are on the rise, and not on the positive news that hospitalizations and deaths are down. This is the narrative they are invested in pushing, often at the expense of your financial wellbeing.

Money and financial stability can be extremely liberating for us. We can gain freedom and power by building wealth. Unfortunately, a lot of what we’re taught about money actually diminishes that power, and in order to regain it we have to break with conventional wisdom. 

As we’ve never been effectively taught how to use our money, we continue to use 401ks and bank accounts. These are far from the best options available to us, and in some cases can cripple our financial gains.

We’re in the midst of a massive pivot in the market, and it’s important we use this time to protect ourselves financially and deploy our money in a smarter way. 

In this episode, America’s #1 Money Mentor, Chris Naugle joins me to discuss how to take back control of our money.

3 Things We Learned From This Episode

Why this is a time of opportunityA lot of people are viewing this market shift as the beginning of a recession, but we should be looking at it as a big financial pivot. This is the biggest opportunity of our lives - we just have to look for it.

That we have to regain controlWhen we put our money into 401ks and bank accounts, we’re giving up control. Stop letting banks decide what to do with our money, start using whole life policies and infinite banking systems. 

Why 401ks should not be our only source of moneyWhen we put our money into 401ks, we’re setting ourselves up for weaker dollars in the future. We wouldn’t freeze bread and eat it 5 years later, or buy a car and wait a decade to drive it - so we shouldn’t be doing the same thing with our money. 

Guest Bio 

Chris Naugle has dedicated his life to being America’s #1 Money Mentor. His success includes managing over 30 million dollars in assets in the financial services and advisory industry and tens of millions in real estate business, with over 200 transactions and an HGTV pilot show since 2014.

In 20 years, Chris has built and owned 16 companies, with his businesses being featured in Forbes, ABC and House Hunters. He is currently the co-founder and CEO of FlipOut Academy™, founder of The Money School™, and Money Mentor for The Money Multiplier.

As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works. Innovating what it takes to break the chains of financial slavery, Chris is driven to deliver the financial knowledge that fuels lasting freedom. To date, he has spoken to and taught over ten thousand Americans.

To find out more about Chris, head to:http://instagram.com/chris_naugle/  https://www.facebook.com/ChrisNaugleOfficial/  https://chrisnaugle.com 

And to take advantage of his giveaway, head to:moneyschoolrei.com/book for a free copy of The Private Money Guidemoneyschoolrei.com/newbook for a free copy of Mapping out the Millionaire Mystery