Why are people still on the sidelines waiting for the economy to change? This is the new global economy and for at least the next 5 to 10 years this is the way it’s going to be. There is no quick fix out there, and there is no way that you can get rich quickly. Instead of thinking where to invest, think how can you save what you already have and how can I prevent future losses. If you go back 20 years you will see that the economy is worst off now than it was then. There is no get rich quick investment trick, no way , no how. Stop fooling yourself and start smelling the coffee.

There is a way that over a 10 year period that you can turn taxable income into non-taxable income and get decent growth and guaranteed returns. You can start putting your money away here and not have sleepless nights. Yes, it takes at least 10 years to convert this and make it worthwhile. Otherwise you can stay with the same old “dog and pony show” that “Wall Street” has talked you into by their fancy graphs and underperformance and excuses that have plagued America for over 20 years now.

When I started the business we were told to bring in accounts and sell what the company told us to sell them. It made sense for the broker, but not the client. Its the same way today. The commissions were higher for us, but it didn’t benefit the client Things are a little different now. Now we have unqualified brokers who know how to steer you into destructive path by putting you at risk and blaming the system.I know people that should be used car salesman that are giving damaging financial advice. The broker is supposed to know what works, what’s safe, what to do when the market goes down. The SEC who have rules in place to prevent this sort of thing to happen, didn’t even know that for over 20 years Bernie Madoff had a Ponzi scheme going. Even though there were numerous complaints about him. How can that be? How can we have the failures of major corporations such as World Com., and Enron. How does this happen? The writing is on the “wall street,” wake up and smell the coffee. There are lots of positive options that I can show you that are guaranteed.

If you read my old blogs or listened to my old radio shows you can see that we were calling out to the public years ago. It all didn’t make sense and this recovery does not have the earmarks of making sense yet. When it does it will still take 10 years. My only concern is when the very wealthy get overtaxed that they go somewhere else to live and work and take more jobs and resources with them.

Stay well and prosper my friends. Send me a private email at aklfinancial@mac.com

Alan

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Every week on the program, I remind people of what they might be doing that hurts them financially.   There are generally 3 things people are doing wrong.  The number one thing is that they don’t understand their mortgage and how they can make money by managing their equity in their house.  The number two thing that people do wrong is that they don’t have a good understanding of retirement plans.  People just automatically do something they were told to do in planning for retirement, which may not be in their best interest.  They third thing has to do with choosing a good financial adviser.

Too many financial advisers today are still doing the same thing they were doing ten, twenty, even thirty years ago.  But it’s a different world.  The world has changed.  We are now in a global economy.  The financial adviser that you have may be putting you in harm’s way and their not even aware of it, because they’re listening to the people they work for and pushing their products.

Take for example, the year 1998.  In 1998, we had a good year.  It was a good year for the economy.  Then, in 2001, we fell back.  After that, we started to gain momentum and then we fell back again.  The economic picture changed a lot between 1998 and today.  But most people are in the same place today in 2008 as they were in 1998, because they didn’t see what was happening.  Their financial advisers did not see what was happening.

I challenge you today to start doing things differently.  Look at the financial adviser you currently have.  Is there a situation that might be better for you in 2008?  Get our free reports and learn how you can take control of your financial plan.

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