The Money Advantage Podcast

What is Prosperity Economics? Part 1


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Prosperity Economics has begun its renaissance as an alternative to typical financial planning.  An increasing number of courageous, conscious, independent thinkers have outgrown typical financial planning.
They resonate with a different financial philosophy that provides more control, certainty, and permission to use their money now.
For them, the financial status quo has been losing its luster.
Its unfulfilled promises and failure to produce economic security have grown increasingly apparent.
Table of contentsWhere Your Mindset Fits into the Cash Flow SystemTypical Financial Planning Is Planning to FailUnsettled About Unanswered QuestionsThe Unstable Premises of Typical Financial Planning, DemystifiedTypical Financial Planning Assumption #1: You desire to feel great about your money means you want a plan for retirement.Typical Financial Planning Assumption #2: You can create a plan that will work, based on guesses about the future.Typical Financial Planning Assumption #3: You have to take on risk to earn higher returns.Typical Financial Planning Assumption #4: You hate your job, and want to retire.Typical Financial Planning Assumption #5: You are not smart enough to handle your own money.Typical Financial Planning Assumption #6: Investing means putting money in the stock market.Typical Financial Planning Assumption #7: Having access to your money isn’t important.Typical Financial Planning Assumption #8: You should build enough net worth so you can live off the interest in retirement.Typical Financial Planning Assumption #9: Everything works out exactly as you plan it.Typical Financial Planning Is not Supported by Simple MathematicsYou’ll Need Way More Money Tomorrow Than You’d ExpectYou’d Need to Save 97% of Your Income TodayEvery Unknown Requires More Money to Make Sure the Future Works OutYour Financial Dreams Are Lightyears Outside These LimitationsHere Is What You Didn’t Realize You’re Looking ForThe Antidote Is A Return to the TraditionalFour Primary Differentiators1) Can I Trust Myself?Take Control by Modeling the Bank2) Is Financial Freedom My Goal?Having Cash Flow Today Is the Starting Point of Having Cash Flow in the Future3) Do I Want to Retire?Retirement Is OutdatedWould You Retire if You Love Your Life, Just the Way It Is?4) How Do I Maximize My Whole Personal Economy?Listen to the PodcastEpisode ResourcesShare Your Thoughts and QuestionsCreate Your Time and Money Freedom
Where Your Mindset Fits into the Cash Flow System
At The Money Advantage, we are a community of wealth creators.  We are entrepreneurially-minded business owners who are taking control of our lives and financial destiny.  We have a compass that always points back to the principles of wealth, not just to strategies or products.  You need the right mindset, philosophy, and principles of abundance, expansive thinking, creation, cash flow, and control in place first before any financial tactics can genuinely benefit and serve you.
In the Cash Flow System, you first increase cash flow by keeping more of the money you make. Then you protect your money.  Finally, you increase and make more.
This conversation on the mindset, philosophy, and principles of wealth creation fits right into the very first step of the first phase.
Typical Financial Planning Is Planning to Fail
All around, you notice people who have socked away money in retirement plans who are unable to retire.  They’re working longer because they have to, giving up on the lifestyle they’d hoped for, or fearing running out of money.
You’re told it’s their fault because they haven’t saved enough.
But even the most diligent and disciplined savers have had wealth indiscriminately erased by the fickle tide of the market.
It seems impossible to get ahead, much less to win the financial game.
The incongruences are shocking.  Many tried to ignore it, but you couldn't.  No matter what you do, it seems like you’re swimming against the tide in a syst...
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The Money Advantage PodcastBy Bruce Wehner & Rachel Marshall

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