Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
The Wealth Connection ? 2 Steps to Brighten Your Golden Years > NetSparsh - Viral Content you Love & Share

The Wealth Connection ? 2 Steps to Brighten Your Golden Years

Estimated Reading Time: 4 minutes -- Envision your life 10 or even 20 years from now. Where do you plan to be? What are you doing and with whom?

Most of us between the age of 35 and 50 years hope to be retired to some degree in 15 to 20 years or less. We see ourselves living on retirement funds enjoying life and family. I have never had a client tell me they see themselves penniless or sick. Yet, these same clients fail to have a full plan.

They may have a retirement fund at work and other investments but how are these performing? Did you plan a financial foundation? What does your Wellness Investment program look like?

Many people tell me they don't have a financial foundation program or Wellness Investment program in place. Regardless of age and health it is never too late to start planning. It is better than no plan at all. In this article I will give you 2 of the 21 most important Wealth Connection Steps I offer in my online course.

Ask yourself, how does wealth connect to your health? Does it at all? Today most people would agree that finances play a part in how we feel. Lacking funds can add stress to one's life and play a major part in your health. Ill-health can rapidly eat away at savings if you do not have a wellness plan other than health insurance.

In fact, I advise you rethink health insurance. What I mean by this is that it is what it says it is. Health insurance is for ill-health issues. Only a few "health insurance" programs are wellness insurance.

Health insurance also dictates the kind of care you can receive. Wellness insurance on the other hand is still an emerging system. A few companies do offer these types of plans and we do not endorse any insurance company as my job is to educate you a bit and you must look at what is right for your specific needs.

The wellness insurance programs I have seen work like this. The self employed or business can purchase these programs. They have major medical benefits for hospital and sometimes prescription drugs. They also have a "fund" where part of your premium goes that earns interest. That's right interest. You can use this money for any type of care you desire including alternative medicine of your choice. Any funds you don't use in a given year stays in your personal account earning interest year after year. At a certain age you can take this money out and use it. I have seen accounts that reach 30k and more. Why buy health insurance you do not use?

Step One

Look into Wellness Insurance programs. Only purchase from a known insurance company. One whose name you have heard of in the past that offers regular polices as well. It is buyers beware market so do your research.

Step Two

What amount do you personally put into your saving account each week? Most people say I have it drawn from my paycheck. This is not what I mean. Think about how much you spend each day on simple things like coffee or food. Can you spare $5.00 per week? I have only met one person who said they couldn't even save this much. Six months later this person who didn't become a client phoned me and said they had been doing it and it really worked. Here's the plan short and sweet ? I go into more detail in my online program. Contact my office for more details of how to receive a free 7-part on line e-course.

Each week whether you have your paycheck direct deposited or not; have as much as you can afford withdrawn from your account and placed in a savings plan at an investment firm like Charles Schwab. Use who you wish and make sure they have an automatic withdrawal program and that the funds go into a savings program.

Every quarter double the amount you are putting in. If you find you really aren't missing this money from your daily life; double it every month. Don't be surprised if you start looking forward to saving and adding more to how much you 'put away' each week.

Once this account is equal to 6 months income we move this money into a different type of account I go into future foundation steps in the online program. But we keep putting funds into the savings.

What happens is we have at the base a 6 to 9 month savings account earning a bit better than a bank savings account. Next level is a certain type of money market with the same amount of funds earning a slightly higher interest rate, and so on up through Our Wealth Mastery program.

Point in fact, recently "Today on MSN" offered a glance at the habit of millionaires. Simple foundational planning won hands down.

Bonus Tip

Invest in your wellness. Visit an alternative doctor like a NCCAOM licensed acupuncturist. This ensures you are seeing someone who has completed an accredited program at an Oriental Medical College. Many acupuncturists are licensed through medical doctor or chiropractic programs. These programs lack in training and number of hours to meet. Make sure your practitioner is an active member of The National Certification Commission for Acupuncture and Oriental Medicine. Even if you love your doctor, choose a NCCAOM acupuncturist for this job ? after all would you take your child to a gynecologist just because they deliver babies?

Or if you own a Porsche would you take it to a Honda dealership just because you also own a Honda. No, we take our loved ones and possessions to the experts. Do the same with your health.

Why do I suggest an acupuncturist? They are trained in wellness care and health care. Oriental Medicine practitioners know how to work with all types of illness and keep you well. Plan ahead even if you feel great get an evaluation now and follow a wellness program so that you continue to feel great into your golden years.

A wellness program may simply mean visiting your acupuncturist and massage therapist one time each month. Add up the dollars you save by not getting sick. Invest this savings in your financial foundation.

If you have health issues, think how you will be in 10 years from now if you keep ignoring and minimizing your health, using drugs or having surgery without exploring other options. Acupuncture is virtually painless and offers greater relaxation than even massage.

Dr. Debra Novotny L.Ac D.Hom ND www.enhanced-living.com

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

CNBC

Homeownership doesn't build wealth, study finds - CNBC.com
CNBC
Even with high rents, consumers will build more wealth by investing and not owning a home, a study shows.
Homeownership Does Not Build Wealth Like Other InvestmentsLive Trading News

all 3 news articles »

Inc.com

5 Mental Traps Preventing People From Building Wealth
Inc.com
"Dollars and Sense," by behavioral economist Dan Ariely and Jeff Kreisler explains that people tend to approach money irrationally. But to build wealth, we have to out-think our emotions. To do it, we have to be aware of psychological pitfalls like ...


Business Insider

5 mental blocks that keep you from building wealth - Business Insider
Business Insider
"Dollars and Sense," a new book by behavioral economist Dan Ariely and Jeff Kreisler, offers insight into the psychological pitfalls holding us back.

and more »

Forbes

'Wealth Building Isn't Just For The Wealthy' - Forbes
Forbes
Jennifer Williams, a school teacher in Mississippi, has now paid off all nine of her payday loans and hasn't had one outstanding now for two years. She's a ...

and more »

CNBC

Suze Orman: Millennials are 'often clueless' about this simple wealth-building strategy
CNBC
Chances are you've heard of a 401(k) plan. It's one of the simplest, most effective ways to build wealth and prepare for retirement. If your employer offers one, you're may well be enrolled in it. But there's a big difference between enrolling in your ...


Star Parker: The poor are not poor because the rich are rich
Kankakee Daily Journal
"By taxing our wealthiest, we could raise significant revenues and then invest these funds to expand wealth-building opportunities across the economy." If we accept the questionable assumption higher taxes on the wealthy would raise "significant ...

and more »

South Bend Tribune

South Bend project hopes to grow small businesses and target ...
South Bend Tribune
"We start by identifying what we have as a community and how can we leverage our community assets to address our needs.”

and more »

Phys.Org

Study says homeowners shouldn't count on property appreciation ...
Phys.Org
The American Dream of homeownership as the path to creating wealth may be due for a revision. A new study by faculty at Florida Atlantic University, Florida ...
Why we've got real estate investment all wrongMortgage Professional America
If you want wealth, rent and invest instead of buying a home ...1redDrop

all 3 news articles »

WBIR-TV

Wealth creation: Homeownership doesn't build wealth, study finds
WBIR-TV
"Of course, many renters will not reinvest those monies and will instead use them for consumer goods, which is the least desirable option in terms of building wealth." In other words, the rent argument only works if the renter invests the rental ...


3 ETFs to Help You Build Retirement Wealth -- The Motley Fool
Motley Fool
You can't just save money and expect to retire rich without being smart about how you invest it. For those who don't have the time, or inclination, to buy individual ...

and more »
Google News

How to Make More Money

When I was a student in London, I had a... Read More

Asset Diversification Is NOT Boring?And Will Make You Money

OK, this article will start with the cheapest piece of... Read More

Do You want to Live on Macaroni and Cheese when You Retire or Filet Mignon?

How Much Money Will I Need to Earn to Retire?This... Read More

You?re Eating Your Retirement Money

Ever think about how eating all those fast food meals... Read More

Steps to Financial Freedom

Financial freedom is the power to do what you will... Read More

How To Grow Your Mental Power and Let Your Brain Make You Rich

No one has complete control over their thoughts. But with... Read More

Net Worth Nympho

There are plenty of people who are in love with... Read More

Residual Income - Part Three Finding Leaders

In my last article on Creating Residual Income I mentioned... Read More

Create Tax Savings And Transfer Wealth To Your Child With A Roth IRA

Parents must give serious thought to protecting their family through... Read More

Getting An Offshore Bank Account Via The Internet

There is no need to use the many middleman websites... Read More

The Morphing of Thought and Cash

Here are some thoughts about the morphing of thought and... Read More

The Truth About Setting Up A Wealth-Pump Business: The Passive Income Myth Exposed

In theory the idea of generating additional (and passive) business... Read More

The Underlying Belief System

Many of us do not consider the underlying belief system... Read More

Dont Leave Your Financial Success To Chance

Recently I was reading a book called The Millionaire Mind.... Read More

10 Ways To Find The Money Hiding In Your Paycheck

No matter how tight things are financially for you; no... Read More

Tax Strategy - Theres More to Building Wealth than Clipping Coupons

We talked recently about the wealth formula:Spend less than you... Read More

You Deserve To Retire Early

The fact is that most people continue to work for... Read More

Does Money Grow On Trees?

"Money Doesn't Grow On Trees."Some of us even believe it.... Read More

How Should I Create Passive Income?

If you're wondering where to create passive income, then you... Read More

New Year Resolutions to a Better Financial Future

There could not be a better time to mull over... Read More

Wealth Building Strategy

There are many of us who are working on our... Read More

Residual Income - The Myth

"Join our program and retire in 3 months..." yeah, right.We... Read More

Pay Yourself First - If the Only Thing You Did Was This, Youd be Rich

Bottom line. No exaggeration. No hype. If you want to... Read More

Wealth Creation - Opportunity

When young men ask me how to succeed, I tell... Read More

7 Golden Rules to Financial Prosperity

Not Enough Money?I believe that most people haven't got enough... Read More