The Whole Truth about Getting a Mortgage.

The level of misinformation out there concerning mortgages can be disconcerting. Do you put down more or less? Do you pay it off now or later? Is a 15 year term better than a 3o year term?

Many Americans make inefficient use of their money because of the lack of complete information coming from mortgage companies, banks, media, CPA’s, and friends and family who they believe know more than they (or you) do.

There are many factors to deciding which way you should go with your mortgage, not the least of which is whether the peace of mind you might get is worth tying up your nest egg into the house.

As a financial coach using the Principles of Prosperity I feel a responsibility to my clients to become involved with this decision making if necessary.

A friend of mine Kim Butler has written a great book called "The Whole Truth about Your Mortgage" In her book she covers the complete analysis of determining what is best for you.

If you would like a copy of the book give me a call at 610-695-8748 and I will see that you get it for you or whoever in your circle of influence could use it. You can also email me at roy@yourwealthadvocate.com and let me know it you are interested in getting it.

What is the best investment?

People often ask me "what is the best thing I can invest in right now"? My response is usually returned with a question. That question is "what do you think you should be investing in right now"? Sometimes I get a perplexed look like "Why are you asking me when you should be the all knowing about investments"?

When you go to the doctor and ask him "What's wrong with me"? Doesn't he ask you a lot of questions before he makes a judgement as to what your ailment might be? The secret to finding the right investment is asking the right questions and finding the right answers to those questions as they pertain to you and only you. A good financial coach won't suggest solutions without ample time and due diligence.

Warren Buffet has said: " There is no such thing as a bad or good investment " What did he mean by that? It is up to the investor to decide what investment is best for her/him. Because no one can be all knowing and figuring that out without some great financial coaching is difficult at best.

There are many factors that change to determine whether an investment is good or bad. There should be many questions asked, and some give and take about what is needed by the investor before a prudent financial decision can be made. I ask financial wisdom questions before beginning an engagement with my clients these questions can be found by clicking here.

If you are unhappy with the solutions your advisor has given you and want a second opinion to see what other alternatives are out there you might want to give my office a call at 610-695-8748 or email me at roy@yourwealthadvocate.com

Who do you go to for financial advice?

For most people this is a hodge podge of answers. Depending on your personality type you may seek the counsel of a trusted friend whom you know is successful, or a relative like a parent or a rich uncle. Before you get that advice are you asking yourself how qualified is this individual to give this advice?

Some people who have come in to see me have gotten advice after I have raised issues for them that they hadn't thought of. Some of them come back to me and become clients and others don't and will follow the advice of some unqualified individual like their next door neighbor or maybe a golfing buddy or that parent or rich uncle.

If you are using a stock broker for financial direction you may be in good hands, however they are not trained to be a fiduciary. A fiduciary is someone who will only suggest what is in the best interest of the client. They are not trained to be an advocate. Even though the new laws and financial regulations are changing they haven't gone into effect yet. As of today a broker only is required to suggest what is suitable for their clients. There is a big disparity between what is suitable versus what is best for a particular client. The advisor must ask many personal questions regarding the situation before suggesting a solution.

If you want to know if what you have invested is prudent for your situation or just suitable give me a call at 610-695-8748 or email me at roy@yourwealthadvocate.com and I will be happy to set up a complimentary consultation. After all what have you got to lose?

Consternation about Investing?

Whether the market is going up down or sideways there is always some concern about the market and how that relates to or is influenced by the economy. It is a proven fact that long term investing combined with proper diversification is the first principle of successful investing. Harry Markowitz proved that in 1952 when he developed Modern Portfolio Theory and computers verified it in the early nineties and he even won a Nobel prize for it.

So how do you know how to properly diversify? There are certain asset categories that fulfill the proper methods of diversification. It is up to your advisor to know what these asset categories are and how they apply to your portfolio. I apply these methods of investing to certain clients depending on their age and risk tolerance and apply my fiduciary responsibility to my decision making as well. Just having a lot of "stuff" is not diversification, you must have the right stuff and the right amount of it. If you want to learn more about how this can apply to you visit my website or call me at 610-695-8748.

Enhancing the Flow of Money

Did you know that your life insurance cash value can do 7 jobs at once? The fact that it does so many jobs makes it a valuable asset in creating your own path to prosperity. If you want to learn more let me know and I will send you a white paper on it.

Whenever making a financial decision you should evaluate how it affects the 7 principles of prosperity and adjust your decision accordingly. I have a simple test that I can send you for doing this.

If you want information on either of the subjects above do not hesitate to call me or email me. Of course there is more information on my website: http://www.yourwealthadvocate.com

Please comment below to help spread the good word.

The Flow of money

One of the Principles of Prosperity is to focus on cash flow as well as net worth when building your life plan for wealth. As we build wealth in our life this becomes more and more apparent. The velocity of money in your life and how it flows though an asset is more important than the flow of money to an asset. If you money gets stuck in an asset then it becomes unavailable to use in other areas of your life. The biggest example for most people is the amount of money that is tied up in your home. Here is an asset that adds to your net worth yet your flow of dollars is stuck in the asset and not flowing through it.

When building assets be sure to take a look at the implications of where the dollars will go and be sure to take a look at the opportunity costs that you are giving up when you tie the money up.

For more information on this topic visit my website by clicking here

PROSPERITY PRINCIPLES

It’s easy to get sidetracked and to fall back into the same traditional, outdated, and ineffective perspectives. Here’s a helpful reminder to ensure you keep Prosperity Economics at the center of your attention.

Think – Owning a prosperity mind-set eliminates poverty; scarcity thinking keeps you stuck!

Ask yourself: Do I wonder, “Oh my gosh, what’s going to happen?” Wouldn’t it be more productive to say, “Oh my gosh, what can happen?”

· When you think from prosperity as opposed to thinking from poverty, when you think from abundance as opposed to thinking from scarcity, you make different decisions. So, in each case it’s important that you think from a prosperous mindset.

· Now, the alternative of this obviously is to think from scarcity, and when you do, it keeps you stuck. It eliminates your confidence; it disables your ability to move forward. Scarcity thinking or poverty thinking is what holds people back. It’s what holds your money back; it’s what holds your capability back.

· We want to help you in every endeavor to think from a prosperity point of view and own that prosperity point of view. No matter what is going on in your life, you can own, act, and think outward from prosperity.

These principles can be employed on your own, but are best used when in concert with the Prosperity Economics strategies with your advisor.

Scarcity or Abundance Which do you prefer?

Are you in a scarcity mindset?

When helping my clients I prefer to coach them as opposed to "selling" a product from the financial industry. Of course there are always exceptions to this rule, but for the most part a "fee only" structure works best with most people.

My mission is to help my clients create more wealth than they can spend in a lifetime. We do this by co-creating plans that help them make powerful decisions. Decisions that maximize the amount of money coming in and minimize the amount of money going out. Below is a video where I explain how I work.

My Vision:

Our mainstream society today does not provide formal or adequate financial education to prepare for your financial future. Instead you are bombarded with offers to get rich quick and do it yourself strategies. The indoctrination of micro-economic thinking gets most investors bogged down with things like average returns, short term objectives and other minutia which is a micro economic focus.

My goals include educating and coaching you to “catch up” on what you may have missed in learning proper prosperity principles. For most people that means coaching to achieve peace of mind, by using a macro - economic or holistic view of thinking with more certainty of cash flow.

For more information go to my website: