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Secure Your Future: The Power of Early Retirement Planning

Imagine reaching the age of retirement, a time when you should be savoring the fruits of your labor, only to find yourself without a safety net. The thought alone is unsettling, yet for many, it’s a stark reality. The journey toward retirement demands more than mere daydreams; it requires strategic preparation and a vision for the future. It’s time to take charge and create a blueprint for the golden years you deserve.

Consider the tale of a seasoned man, aged 65, compelled to seek work abroad once more. The cause of his predicament? A lack of foresight in retirement planning. He unknowingly walked into a future where financial worries overshadowed his well-earned respite. What if illness or fatigue strikes? The haunting question lingers: What if you can no longer work?

Early retirement planning is the compass guiding us toward a secure and fulfilling life post-work. The first step? Taking stock of your assets. It’s time to cast a discerning eye over your investments, long-term health care insurance, retirement savings, business ventures, and real estate holdings. Do these pillars support the life you envision during retirement?

If gaps exist, fear not. It’s the perfect juncture to pave the way for robust financial security. However, having assets is only part of the equation. Deciding who shall inherit your legacy is a matter of equal significance. Imagine a future where your loved ones receive the benefits of your hard work without contention or confusion. Crafting your legacy now can save your family from disputes later.

Preparation transcends mere possessions; it’s about safeguarding your legacy and well-being. In the realm of asset protection, establishing trust becomes paramount. A trust ensures a seamless transition of your properties to your loved ones, unfettered by unnecessary costs or delays. 

But financial security alone isn’t enough; health considerations demand attention too. Designating a healthcare power of attorney empowers you to dictate your care in times of incapacity. In this way, your well-being remains in trusted hands, and your wishes are honored.

In essence, early planning isn’t just about finances; it’s a holistic approach to curating your future. It’s about orchestrating your life’s symphony to ensure that each note harmonizes seamlessly. The power rests squarely in your hands, and by preparing today, you gift yourself the peace of mind and control you deserve.

Remember, the boy scout’s motto rings true: “Be prepared.” Tomorrow’s uncertainties need not cast a shadow over your retirement dreams. Act now, and witness the transformative impact of your foresight. The horizon is yours to shape, and with a comprehensive retirement plan, you’ll set sail toward a future that radiates security, joy, and fulfillment. Your legacy awaits—start crafting it today! 

Use the Calendar Below to Schedule Your Free Financial Fitness Strategy One-On-One Session  with Kris Miller, LDA, Legacy Wealth Strategist #1 Bestselling Author, Speaker & Educator

Calendar

30+ years of experience assisting others to grow & protect their wealth. Helped more than 6,000 families avoid financial disaster by strategically planning for their futures. Not one person has lost a single dime on her watch. Her clients learn how to change their families’ financial realities and create incomes they will never outlive

For more Healthy Money Tips:

linktr.ee/healthymoneyhappylife

Kris@HealthyMoneyHappyLIfe.com

Phone (951) 926-4158

Categories
Leadership Taxes Wealth

Seize the Reins: Empower Your Retirement Journey

Life is a canvas, and you hold the paintbrush. The power to shape your destiny lies within your hands, just as Susan Polis Schutz beautifully expressed. Retirement, too, is an art, and you can be the master of your own masterpiece. Embrace the excitement of taking charge and being in control of your golden years.

In the realm of retirement, being in control starts with financial preparation. The traditional retirement plans may no longer guarantee security. It’s time to take the reins and save with intention. No matter the size of your earnings, carve out a portion for your retirement fund. A small step today will lead to a grand journey toward a fulfilling retirement.

Dare to dream and visualize your ideal retirement. A retirement calculator can be your compass, guiding you to the right savings destination. Make your plan come alive by taking action. Mere thoughts without deeds are like a ship adrift, but with determination, you can set sail towards your dream retirement.

Even if riches bless your life, safeguarding your assets is vital. Asset protection ensures your wealth stays protected from unforeseen threats. Take control of your financial future and build a fortress to shield your hard-earned prosperity.

Mortality and wills may seem uncomfortable topics, but preparing for the future grants you tranquility and control. Be proactive in deciding who will care for you, who will manage your affairs, and who will inherit your legacy. By planning today, you ensure that your desires and values are upheld, even when life takes unexpected turns.

Financial freedom offers the ultimate power to bask in your retirement without worry. Let go of anxiety and embrace the joy of being in control. Protect yourself from stress and cling to serenity in your golden years.

Your life, your choice. Whether you are young, affluent, or working towards a comfortable retirement, your destiny is yours to sculpt. The pursuit of retirement security is the gateway to a life of contentment and liberation. Picture yourself unburdened, free from financial concerns, and enjoying the journey that lies ahead.

As the saying goes, “The best time to start was yesterday, but the second-best time is today.” Take the leap, seize the reins, and paint a retirement of vibrancy and fulfillment. Unleash the artist within and create the masterpiece that is your life. The time is now to be in control and embrace the wonders of your retirement journey.

Schedule a Free Financial Fitness Strategy Session with Kris Miller, LDA

Legacy Wealth Strategist #1 Bestselling Author, Speaker & Educator

Use the Calendar Below to Schedule Your One-On-One Session with Kris

Calendar

30+ years of experience assisting others to grow & protect their wealth. Helped more than 6,000 families avoid financial disaster by strategically planning for their futures. Not one person has lost a single dime on her watch. Her clients learn how to change their families’ financial realities and create incomes they will never outlive

For more Healthy Money Tips:

linktr.ee/healthymoneyhappylife

Kris@HealthyMoneyHappyLIfe.com

Phone (951) 926-4158

Categories
Branding Capital Case Studies Entrepreneurship Growth Investing Taxes Uncategorized Wealth

This is How Shaq Made $400 Million from Carwashes…

Did you know 60% of professional athletes end up broke within 5 years of retiring? Not Shaq though. Far from it, his personal business investments are growing to Warren Buffet status.

You won’t believe how many businesses he currently owns…

Shaquille O’Neal is one of the savviest businessmen in the North American sporting world who has managed to amassed an incredible $400 million net worth following the end of a successful 19-year NBA career.

Including over 150 car washes across the US…

 

Here’s a Breakdown of Shaq’s Investment Portfolio:

  • Shaq owns 10% of all Five Guys (that’s 155 locations)
  • 40 – 24Hour Fitness centers
  • 9 Papa John’s
  • Krispy Kreme
  • Shaq Shoes (sold over 120 million pairs)

Side note, Shaq is also the owner of one of the most pointless website on the internet…

Pettiness aside, here’s a video where Shaq breaks down his investment strategy:

 

WATCH:

 

 

How Much Does Shaq Make on Endorsements?

In addition his business portfolio, Shaq makes a killing monetizing his personal brand too.

Shaq has endorsements with VitaminWater, Pepsi, IcyHot, and Taco Bell. All combined nets him a cool $20 million a year.

But that isn’t where he makes his fortune…His real money he prints while he sleeps in the fleet of carwashes he owns. All 150 of them, where he makes a majority of his earnings.

Watch for the full story…

 

WATCH:

 

 

 

For more information visit tylerhayzlett.com

Categories
Accounting Biography and History Culture Economics Growth Health and Wellness Industries News and Politics Taxes

Recent Video Explains Why Sri Lanka Just Declared Bankruptcy…

Sri Lanka Just Announced They Are Bankrupt. And Out of Fuel…

A country thriving and wealthy in 2012 just announced they are bankrupt in 2022.

Before it’s recent bankruptcy Sri Lanka  had a thriving economy. In fact its economy grew at an accelerated rate, ranked above Singapore, Ireland, and South Korea.

Located in the center of the world’s most important shipping location, the country was set up to be a world economic import superpower. But a crisis hit…

On Tuesday, the country’s president, Ranil Wickremesinghe, told the Sri Lankan parliament that the country is not only bankrupt and that it also has no fuel left. Government employees have been told to stay home due to fuel unavailability.

Inflation spiked 54.6% in a year and is expected to hit 60% soon, and transportation costs have gone up 128% in only one month, according to Bloomberg.

At the G7 Summit last month, the US pledged $20 million to assist Sri Lankans in the fight for food security. This came in addition to a previously donated amount of $12 million.

But despite global assistance, the nightmare is far from over for Sri Lanka. Premier Wickremesinghe said that the country was participating in negotiations as a bankrupt state, and the worse is yet to come…

“Due to the state of bankruptcy our country is in, we have to submit a plan on our debt sustainability to (the IMF) separately. Only when they are satisfied with that plan can we reach an agreement at the staff level. This is not a straightforward process,” he said, and CNN reported.

A recent video explains the full story.

 

WATCH:

For more information visit tylerhayzlett.com

Categories
Accounting Best Practices Biography and History Culture Growth Industries News and Politics Personal Development Taxes

China’s Banks are Failing, Protests Everywhere. China Prepares for Complete Financial Catastrophe.

$6 billion of savings deposits just disappeared, leaving more than 400,000 depositors of six rural banks in central China’s Henan province devastated.

The journey to get to the bottom of how such a large sum of money disappeared started to unravel a series of systemic financial corruption.

Allegations of crime and corruption are spreading through China’s small banks as more depositors are being locked out from their life savings. And it appears the CCP is making the situation worse.

Hundreds of people took to the streets of Zhengzhou to protest their inability to withdraw money from four local banks since April! Similarly, citizens are accusing their local officials of widespread corruption and mismanagement. It’s getting ugly…

The demonstrations turned violent when a group of unidentified men in white shirts attacked the peaceful demonstrators.

Chinese authorities appear to be pinning blame for the banking issues on a group of “criminals” in charge of the local banks. But the issue runs much, much deeper. Watch the video for the full story. This is far from over…

WATCH:

 

Experts are likening the situation to be worse than the US 2008 financial crash and warn of it’s global impact.

WATCH:

For more information visit tylerhayzlett.com

Categories
Best Practices Culture Economics Growth Health and Wellness News and Politics Taxes Technology

WATCH: Will Electric Cars Save the Planet? Or Just Propaganda?

In a recent episode Valutainment’s Patrick Bet-David breaks down the myths surrounding the electric vehicle debate.

Which is timely considering Biden just announced that by 2030 50% of American cars need to be electric or EV’s.

WATCH:

 

But it’s obviously a  little bit more complicated than that.

Here’s why…

Patrick Bet David Breaks Down the Argument For & Against Having EV’s:

In a recent post the Valutainment team investigates and breaks down the argument for and against the environmental impact of the electric vehicle industry. Patrick breaks down;

  • Which industry will benefit the most from EVPS?
  • Who is hurt by EVs?
  • Are EV’s the new Diesel Scandal?

WATCH:

What is Valuetainment?

Valutainment is an entrepreneur channel created by Serial Entrepreneur, Patrick Bet-David. Valuetainment is referred to as the best channel for entrepreneurs with weekly How To’s, Motivation and interviews with unique individuals. About PBD: During the Iranian Revolution of 1978, Patrick’s family had to escape to survive and ended up living at a refugee camp in Erlangen, Germany. At 12 years old Patrick found himself collecting cans & beer bottles to raise money that could help his family and get him a Nintendo.
Thinking of buying an electric vehicle? Read this first…
For more information visit tylerhayzlett.com
Categories
Accounting Best Practices Biography and History Culture Economics Growth Industries Investing News and Politics Personal Development Taxes

WATCH: Why the Wall Street Journal Says, “a 2022 Recession Would be Unlike Any Other”

Are we in a recession yet?

Many economists think that’s a possibility and by some measurements, we might already be in one.

But then why aren’t people losing their jobs?

Here’s why Wall Street Journal’s Jon Hilsenrath is calling the current economy as a “jobful downturn.”

 

WATCH:

 

For more information visit tylerhayzlett.com

Categories
Accounting Culture Economics Growth Industries Investing News and Politics Personal Development Taxes

40% of All the Money Ever Printed in the US, Was Printed in the Last 12 Months?

The Federal Reserve has been printing money like it’s going out of style in an attempt pay for about $29 trillion in U.S. debt. While it’s nothing new for a government to print money to cover some debt, what is new however, is that the 40% of US dollars in existence were printed in the last 12 months alone.

Which doesn’t seem like it will end well…

 

WATCH:

 

Why is the US Printing So Much Money?

As part of its effort to stimulate the economy, the U.S. government issued stimulus checks to millions of employed Americans. With money they didn’t have…

The government had to borrow by selling its debt in the form of U.S. Treasury bonds and other types of securities.

On a similar but not altogether different note, here’s Charlie Munger and Warren Buffet explaining how, if the government prints too much money, it ends up like Venezuela.

 

WATCH:

 

How Much Money Will the U.S. Print This Year?

For the 2022 fiscal year, a range of 6,876,800,000 to 9,654,400,000 pieces of money will be printed, totaling from $310,572,800,000 to $356,179,200,000.

For more information visit tylerhayzlett.com

Categories
Accounting Best Practices Biography and History Economics Entrepreneurship Health and Wellness Industries Investing Mergers & Acquisition Negotiations Skills Taxes

How an Indian Businessman Lost a $42 Billion Fortune

Once the world’s 6th richest billionaire in 2008 with a net worth of $42 billion, Anil Dhirubhai Ambani, lost it all by 2019.

Here’s how…

Anil Ambani was born June 4th, 1959 in Bombay India as the youngest son of the founder of one of the most powerful companies on the planet. His father,  Dhirubhai Ambani, was the founder of a company called Reliance Industries Limited which today is doing $7.366 trillion as a conglomerate, headquartered in Mumbai. It has diverse businesses including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles.

WATCH:

https://www.youtube.com/watch?v=G_H-BoEfwjo

Dhirubhai raised his 2 sons to eventually take over the “family business”. Mukesh and Anil started as executives at Reliance in their twenties. The two couldn’t have been more different. Mukesh was more of a reserved family man while Anil earned a reputation as a flashy playboy who enjoyed rubbing shoulders with Bollywood’s elite.

 

Tragedy strikes the Ambhani family

Dhirubhai Ambani  passed away on July 6th 2002 of a sudden heart attack at the age of 69. At the time of his passing he was the 138th richest man in the world with a net worth of $2.9 billion.

Mukesh, the older brother assumed role of chairman and Anil took the office of Vice President. They were at each other’s throats almost immediately. Each had different ideas for what to do with the company and the two were making decisions without consulting each other.

It was a mess…

It became a real problem. So big that even India’s finance minister tried stepping in to get the bickering duo to make nice. After all, Reliance was one of the biggest economic powerhouses in India.

The sibling rivalry for the control for Reliance was resolved when the 2 decided to split the company down the middle. Mukesh would run the gas and petroleum businesses and Anil would run the communications and power businesses and ultimately leave each other alone.

 

Losing a $42 billion fortune

In 2008, Anil Ambani was at the top of the world as the sixth richest person in the world with a net worth of $42 billion.

But the proverbial sky was about to come crashing down.

That same year Anil Ambani made the decision to invest around $2 billion in advancing Reliance Communications Group, heavily leveraging his company into massive debt.

Then shit hit the fan…

In 2011, Anil’s Managing Director and two Vice Presidents were arrested on suspicion of conspiring to acquire mispriced mobile network licenses for companies Reliance Communications has invested in to illegally bolster the company’s share prices in an attempt to close the debt gap.

The following year In 2012, amidst scandals, Anil Ambani acquired even more debt to pay off the existing debts. Reliance Communications took a loan of over $1.2 billion from three Chinese Banks on Anil Ambani’s personal guarantee.

That’s one hell of a personal guarantee.

By 2016, many of Anil Ambani’s companies ran into debt and operational troubles. On the one hand, Reliance Power had to sell its assets. On the other, Reliance Communications lost 98% valuation in a period of just 3 short years.

RCom was unable to compete against the top reigning telecom companies and lost consumers. This brought down Anil Ambani’s net worth to $2.5 billion.

Still not a bad nest egg by anyone’s standards however, Anil Ambani’s Reliance Communication owed the Swedish network company, Ericsson, $80 million, which he failed to repay. Which shocker, lead to a major lawsuit.

In 2019, the Supreme Court of India ordered Anil Ambani to repay the debt along with interest or go to jail. In an unlikely intervention, Anil Ambani’s older brother Mukesh paid the money owed to Ericsson and yes little brother from going to jail.

Reliance Communications then filed bankruptcy in 2019. But Anil’s problems were still far from over.

He still owed over $700 million including interest to the 3 chinese banks he borrowed money from. In February 2020, Anil declared that his net worth has fallen to zero after considering his liabilities. He pleaded poverty and claimed that he didn’t hold any meaningful assets that could be liquidated to pay off the debts he owed to the Chinese Banks.

Who would have thought that a man who had a net worth of $42 billion in 2008 would claim poverty by 2020?

He still managed to turn out ahead. Today he and his wife Tina Ambani reside in one of the most luxurious homes in India. A 17 story home situated at Pali Hill in Mumbai.

WATCH:

Categories
Accounting Best Practices Biography and History Economics Entrepreneurship Health and Wellness Industries Investing Mergers & Acquisition Negotiations Skills Taxes

How an Indian Businessman Lost a $42 Billion Fortune

Once the world’s 6th richest billionaire in 2008 with a net worth of $42 billion, Anil Dhirubhai Ambani, lost it all by 2019.

Here’s how…

Anil Ambani was born June 4th, 1959 in Bombay India as the youngest son of the founder of one of the most powerful companies on the planet. His father,  Dhirubhai Ambani, was the founder of a company called Reliance Industries Limited which today is doing $7.366 trillion as a conglomerate, headquartered in Mumbai. It has diverse businesses including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles.

WATCH:

https://www.youtube.com/watch?v=G_H-BoEfwjo

Dhirubhai raised his 2 sons to eventually take over the “family business”. Mukesh and Anil started as executives at Reliance in their twenties. The two couldn’t have been more different. Mukesh was more of a reserved family man while Anil earned a reputation as a flashy playboy who enjoyed rubbing shoulders with Bollywood’s elite.

 

Tragedy strikes the Ambhani family

Dhirubhai Ambani  passed away on July 6th 2002 of a sudden heart attack at the age of 69. At the time of his passing he was the 138th richest man in the world with a net worth of $2.9 billion.

Mukesh, the older brother assumed role of chairman and Anil took the office of Vice President. They were at each other’s throats almost immediately. Each had different ideas for what to do with the company and the two were making decisions without consulting each other.

It was a mess…

It became a real problem. So big that even India’s finance minister tried stepping in to get the bickering duo to make nice. After all, Reliance was one of the biggest economic powerhouses in India.

The sibling rivalry for the control for Reliance was resolved when the 2 decided to split the company down the middle. Mukesh would run the gas and petroleum businesses and Anil would run the communications and power businesses and ultimately leave each other alone.

 

Losing a $42 billion fortune

In 2008, Anil Ambani was at the top of the world as the sixth richest person in the world with a net worth of $42 billion.

But the proverbial sky was about to come crashing down.

That same year Anil Ambani made the decision to invest around $2 billion in advancing Reliance Communications Group, heavily leveraging his company into massive debt.

Then shit hit the fan…

In 2011, Anil’s Managing Director and two Vice Presidents were arrested on suspicion of conspiring to acquire mispriced mobile network licenses for companies Reliance Communications has invested in to illegally bolster the company’s share prices in an attempt to close the debt gap.

The following year In 2012, amidst scandals, Anil Ambani acquired even more debt to pay off the existing debts. Reliance Communications took a loan of over $1.2 billion from three Chinese Banks on Anil Ambani’s personal guarantee.

That’s one hell of a personal guarantee.

By 2016, many of Anil Ambani’s companies ran into debt and operational troubles. On the one hand, Reliance Power had to sell its assets. On the other, Reliance Communications lost 98% valuation in a period of just 3 short years.

RCom was unable to compete against the top reigning telecom companies and lost consumers. This brought down Anil Ambani’s net worth to $2.5 billion.

Still not a bad nest egg by anyone’s standards however, Anil Ambani’s Reliance Communication owed the Swedish network company, Ericsson, $80 million, which he failed to repay. Which shocker, lead to a major lawsuit.

In 2019, the Supreme Court of India ordered Anil Ambani to repay the debt along with interest or go to jail. In an unlikely intervention, Anil Ambani’s older brother Mukesh paid the money owed to Ericsson and yes little brother from going to jail.

Reliance Communications then filed bankruptcy in 2019. But Anil’s problems were still far from over.

He still owed over $700 million including interest to the 3 chinese banks he borrowed money from. In February 2020, Anil declared that his net worth has fallen to zero after considering his liabilities. He pleaded poverty and claimed that he didn’t hold any meaningful assets that could be liquidated to pay off the debts he owed to the Chinese Banks.

Who would have thought that a man who had a net worth of $42 billion in 2008 would claim poverty by 2020?

He still managed to turn out ahead. Today he and his wife Tina Ambani reside in one of the most luxurious homes in India. A 17 story home situated at Pali Hill in Mumbai.

WATCH:

 

For more information visit tylerhayzlett.com