Personal Economic Model Video Vignettes

You finance everything you buy.

Putting money away in your savings and investment tanks takes effort.

To recover from a loss means you get back to a position where you would have been had the loss never occurred.

Opportunity Cost is the cost of what those dollars you spent could have been worth in the future had you kept them and invested them.

Would it surprise you to learn that paying cash for a car or any other major capital purchase may not always be the most efficient way to purchase?

Every dollar not saved or invested continues to flow through the regulator and on to your current lifestyle, and is lost forever.

You are in a war between two opposing sides and you are the leader of both.

If you have to borrow from your future lifestyle for a current lifestyle expense, you could be heading for trouble.

...three different results.

You owe nothing, and you have nothing.

Debt occurs when you owe someone money and you have no collateral to be able to pay the obligation.

Each time you drain the tank you reset compounding.

It's one thing to look good on paper, but when times get tough, assets that you can't touch or can't convert easily to cash will do you little good.

If you're serious about your financial future, you need to know the answers to these four questions.

A balanced position is one in which you are putting enough money away in your Savings and Investment tanks today so that you'll be able to draw from those accounts during your retirement years.

Your Wealth Potential is how much your earnings over your lifetime would be worth if you could invest every dollar you ever earn.

Why would one be able to sue for more money than the deceased thought their own life was worth?

It's important to understand the history of taxes and how taxes in the future may impact your decisions today.

Knowing the most efficient way to pay for Major Capital Purchases when they come can not only save you money, but relieve the pressure these expenses bring with them.

Remember, these are not tax savings accounts.  The government did not say "You don't owe us the money."  They said "You can pay us later."