Here's an interesting article for Marian Snow, best selling author of "Stop Sitting on Your Assets." She is also a sought after speaker and trainer. Her upcoming book "Stop Sitting on your Assets: Finding Your End of the Money Rainbow" is scheduled for release soon.
A treasure awaits you. Not just any treasure...it's your fortune. Your peace of mind. Your world of options. Your personal power. Yes, you have a pot of gold holding these wonderful things at your end of the Money Rainbow. It's there. Waiting patiently...But, here's the big question. Which end of the Money Rainbow is yours?
It's difficult to face this reality, but the number of years you have to earn money and accumulate wealth are limited. You set out in your early working life filled with dreams and expectations. You feel you have all the time in the world. Before you you know it, you look around to find you've been doing this "work" thing for years and years. But what do you have to show for it? You sit before another birthday candle and realize that everything is just moving much too fast!
Where did those plans go? Why aren't you farther along in your in your wealth building? Is there something you missed along the way?
Inside your head, there may may be raging battle. You've seen the case for maximum leverage and what it can do for your personal wealth building and for true financial peace in your future. Yet, you just can't seem to envision yourself taking those steps that you know would maximize your wealth through these methods.
EMOTIONAL ASSETS vs. FINANCIAL ASSETS
What can you do when your emotional assets are more important to you than your financial assets? When your feelings or perceived peace are more demanding, more overpowering, than your desires for the quickest route in financial security? When the little voices inside your head say, "No, you must pay off your mortgage. Building wealth is just not as important as the peace of mind that debt freedom will bring."
Are there any other options for you when you feel this way? You understand the huge differences to your life's wealth that are possible when you maximize your equity and do as Forbes recommended when it said, "leverage up and invest."
Perhaps you find yourself in one of these situations:
-You have ample equity in your current home, but you just can't seem to bring yourself to take the steps to implement maximum leverage, even though you know what it can do for your future.
-You find yourself carrying consumer or credit card debt.
-You've got more outgo each month than income and can't see a way out.
-You've already tapped the equity in your home to consolidate past consumer debt or to improve your property.
-You've just purchased your first home and you don't yet have enough equity to leverage.
These situations could be standing in the way of your ability to fully utilize home equity management or the H.E.R.O. Solution, which stand for the home equity riches optimizer solution That is detailed in Marian Snow's book, "Stop Sitting on Your Assets."
Is there still something you can do to move toward building your wealth? A solution that might still come to your rescue?
HOORAH FOR CENTURY FINANCIAL INNOVATION
There may be more than correct choice to speed you down the road to financial freedom . Many homeowners are more concerned with paying of their mortgage than with the money they may lose through lost opportunity costs.
Even possessing tens of thousands and even hundreds of thousands of valuable dollars sitting lazily inside their homes, some folks are just more interested in embracing the emotional asset of debt freedom than in locking in the additional future security they could enjoy by leveraging their inactive dollars to build their wealth.
If you feel you can't sleep at night unless you are paying down your mortgage, then you may cherish your emotional assets more than the financial assets. For you, perceived piece of mind may be more than important than the dollars you aren't earning. Logic aside, you just feel more secure continuing to follow the advice you received from your parent, grandparents or last century's mentors.
TWO ENDS
SO, this brings us to the model of your Money Rainbow. For every homeowner, there is a pot of gold patiently waiting for your end of the Money Rainbow. Yes, it's there just like in traditional Irish lore. And it's earmarked just for you. So, what is the single question you must ask yourself? Which end holds your pot of gold?
If your is on the wider end, you acknowledge that your personal financial assets are the key to your future peace, your future options, and your future power. You ma find yo align best with those on the total leverage freedom end and you:
-You understand how maximum leverage actually works
-Recognize the huge potential of maximum leverage.
-Feel deep inside that leverage provides power
-Really wish to take action, stop sitting on your assets and maximize your true wealth building potential.
You join all those who wish to apply intelligent, active management of your real estate equity. On the other hand, you may find you simply do not feel comfortable with this approach to maximize financial assets and intelligently building wealth.
If the latter describes you position, even though you know you're forfeiting the power of compounding on your valuable assets over years and years you may discover your gold lies at the Zero Debt Freedom end., because you:
-Embrace or more highly value your emotional assets.
-Desire to payoff your mortgage, even though you know you're forfeiting a valuable wealth building tool.
-Wish to achieve debt freedom before building wealth.
So, by holding on to these feelings you decide to postpone the growth of your life's wealth and retirement nest egg until latter your liability issues have been eliminated.
no matter which end you choose, one thing is for certain, you must move to either end of you Money Rainbow as soon as you possibly can. For any hesitation...any position in the middle...any wasting of valuable present day dollars...any lack of commitment to laser focus toward reaching either end is s definite mistake that will lead to financial insecurity and heartbreak.
Remember the wisdom in these ancient words of advice "Those who chase to rabbits have no dinner." You must pick one! If you don't focus on one end and set your financial GPS to reach your selected destination, you'll end up wandering throughout your life never reaching either end. You'll look around one to discover you've joined the masses destined to be dependant on others in year golden years...never to enjoy your personal peace.
THE BIG PAYOFF
On one side awaits the largest reward, the huge pot of gold, that represents your Total Leverage Freedom point. Maximized equity management and utilization will reward you with the greatest wealth at the end of your quest. You'll reach "balance sheet" financial freedom years sooner and create massive wealth accumulation in your S.A.F.E.T.Y Fund that can reside in any number of diversified assets of your choosing and desires.
On any day, you'll have the ability to simply pay off your mortgage with the stroke of a pen, but you know its best to resist that step. The resources you've built will grant you peace, options and power- for a rich and rewarding life to age 100 and beyond.
On the other end is your alternate choice, representing accelerated debt freedom. If you feel you can't find comfort in ultimate leverage by utilizing home equity management, you must quickly move toward your Zero Debt Freedom point as soon as you possibly can. You'll sacrifice years of beneficial compounding and delay reaching your mortgage freedom point, but you'll become completely debt free. Once there, you can begin building your assets to see you through your retirement years.
Yes! A mortgage can still be a powerful weapon to speed you toward your Zero Debt Freedom goal. It Can be a marvelous device to help accelerate the payoff of all your obligations. I'm not talking about merely a debt consolidation loan, but there are new 21st Century financial methods and strategies that can do much, much more to move you to liberation from all debt.
I know it sounds strange to propose that borrowing can help eliminate obligations, but the use of a special type of home equity line of credit can actually work magic allowing you to eliminate your credit card and consumer debt, plus do it much more quickly.
But wait...it can even do much more than that.
Properly structured, not only can you accelerate the elimination of all your non-preferred debt, but actually move toward paying off your first lien mortgage even faster by utilizing a special type of home equity loan. Then, let's take a step farther...
USE YOUR DEBT PAYOFF PLAN TO BUILD WEALTH
What if you could incorporate wealth generation into your debt payoff plan and take advantage of the power of compounding much sooner than you could imagine! Yes, by dding a personal wealth building component into your list of creditors to be paid monthly, you may delay reaching your Zero Debt Freedom point by a few years, but you'll take comfort in the fact that you've found your way back into the road toward a richer future by simply applying a few tweaks to your debt elimination plan.
If you haven't been a saver and you've postponed your wealth planning, now you'll have the opportunity to make some changes. You may have thought you had no options. You may have been wrong. What could this exciting and revolutionary plan accomplish! How about some of these great goals?
-Build a college funding plan
-Maximize your retirement funds
Grab that dream second home sooner
-Acquire investment real estate
A systematic, structured plan can broaden the opportunities on your horizon and offer you more possibilities than you ever dreamed.
THE REAL POT OF GOLD
Through a magical combination of interest elimination and harnessing the immediate power of the valuable dollars passing through your hands each month, you can actually build a plan that uses a very creative and special mortgage plan. This method will speed you along the path to your reward and the reaches that wait...even if your end of the Money Rainbow is on the Zero Debt Freedom end.
But, here's the bonus. You'll achieve these great goals while you continue to comfort your emotional asset needs. Yes, your pot of gold is waiting there for you, right next to its very good friend, complete debt freedom. While it's true that there's more than one correct choice available, you must decide on the direction that's right for you. Select it and go...go now...go as fast as possible toward your end of the Money Rainbow! Anything in between is not an option.
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