Tom Wheelwright Joins Mike Dillard and the Elevation Group in this Video
In this official video is from Mike Dillard and The Elevation Group, Tom Wheelwright talks about how the poor, middle class and the wealthy spend money differently. Tom Wheelwright is a Rich Dad adviser and is the personal CPA to Robert Kiyosaki and Mike Dillard. The old-school retirement strategy for the middle class of finding a financial advisor, and developing a diversified portfolio of mutual funds for the long-term is dead.
Over the past three years, Mike Dillard has seen too many people in their 60’s and 70’s lose their ability to retire because the value of their nest-egg was tied to the stock market, and that’s been an extremely valuable lesson learned. The only thing the market is good for these days is speculative, short-term trades.
So now what?
Mike Dillard and the Elevation Group| Asset Protection
In 2008, we suffered a huge drop in the stock market that wiped out many of the Baby Boomers retirement funds. This was the first; the second wave is coming soon and will be even worse.
Many people lost their money because they trusted a financial adviser who advised them to put their money into hedge funds or mutual funds. Now, these same advisers are preaching the way to avoid a similar disaster is diversification. Instead of putting all your money in one type of mutual fund, put it in several types of mutual funds. Well, if the market collapses, the whole market will collapse. Diversification from one mutual fund to another is not diversification.
So how to do reduce your financial risk in the upcoming tidal wave of debt coming towards our economic shores?
Your ability to acquire wealth will be determined by your ability to obtain the single most valuable asset that anyone can possess… and it’s not gold or silver or currencies or real estate or oil… it’s information. It’s knowing and understanding what’s going to happen to the major financial markets around the globe, when it’s going to happen, and using that information to position yourself for security and for profit.
Mike Dillard and the Elevation Group| Who is Tom Wheelwright?
Tom Wheelwright is a Rich Dad adviser and is the personal CPA to Robert Kiyosaki and Mike Dillard. Tom is also the owner of Pro Vision. ProVision is an innovative CPA firm in where not only do we offer all sorts of tax services, but we separate ourselves from other CPA firms with our professional services. We employ numerous tax experts who coach our clients on setting up proper tax, business, and wealth strategies – specializing in business and wealth creation while creating PERMANENT tax savings!