“If I were to start over from scratch today with what we know, I’d probably blow up the existing structure and start over.” –Ted Benna, Father of the 401(k) Quite a powerful realization, but because so many individuals are pushed into using the qualified plan for retirement, they don’t realizeContinue Reading
Congratulations! You have received a clean bill of health from your doctor, you are going to enjoy life to a ripe old age! So why aren’t you celebrating? If you are like many soon to be retirees, your lack of excitement to news of longevity could be because you mayContinue Reading
It’s amazing, yet not surprising, that the average U.S. resident has five personal credit cards accessible at any moment. Due to this easy access of money, many people and families across the nation have found themselves caught in the bondage of credit card debt. The Kellogg School of Management didContinue Reading
What message does it send to children when they are given control of their parent’s purchasing power? IPad for seven years olds, cell phones for pre-teens, and even credit cards for minors. It seems that kids today are being escorted into a very adult financial world with open arms. TheyContinue Reading
Most wealth creation principles are easy to understand, but difficult to implement. Nelson Nash, in his book Becoming Your Own Banker, discusses three distinct rules that can “make or break” your pathway to wealth and prosperity: the Golden Rule, Parkinson’s Law, and Sutton’s Law. The Golden Rule: (Those who haveContinue Reading
It’s no wonder that people are asking what their retirement number is. If you’re using a 401(k) or any other qualified plan, finding your retirement number becomes essential to how much you need to save. What Is My Retirement Number? At Paradigm Life, we believe that “Knowing yourContinue Reading
As Wealth Strategists from Paradigm Life, people turn to us in hopes of finding the perfect investment. Our response to those needing guidance? You came to the right place. Building a client’s wealth journey is a unique process; and no two road maps are alike. The first point ofContinue Reading
Finding successful strategies that strengthen your business can at times, be somewhat of a challenge. There is no blueprint for your exact situation, exact business model, or even exact timeframe in which you are operating. Walt Disney, arguably one of the greatest entrepreneurs that lived, at one point didn’t knowContinue Reading
Austrian Economics is a school of economic thought that promotes financial control and financial freedom. Inherently, Austrian Economists believe that any monetary system needs to be backed by a commodity, and that it’s dangerous for any economic system to be supported through a system of false credit. Though Austrian EconomicsContinue Reading
What is the Central Bank? Surprisingly, a lot of people don’t know what the central bank actually is. Currently, the central bank is the Federal Reserve System that provides services for the United States’ banking system, monetary policy, and issuing currency. When and Why did the Central Bank Begin? The CentralContinue Reading