Tenfold My Life

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Tenfold My Life

Tenfold My Life

@TenfoldMyLife

A great life is designed, not accidental. Vision • Meaning • Health • Relationships • Parenting • Work • Money • Systems • Joy • Give Tenfold Your Life

Pennsylvania, USA เข้าร่วม Eylül 2009
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Tenfold My Life
Tenfold My Life@TenfoldMyLife·
If your business is compounding but your financial architecture isn't, you need a new plan. That gap has a cost and it's more than just dollars & cents: Time Stress Worry Missed opportunities Bad decisions Most SMB owners upgrade their business every year. Few upgrade the financial life.
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Patrick Stoa, CFP®
Patrick Stoa, CFP®@PatrickStoa·
@averagemoneymd This *might* be a situation where whole life *could* be used as an alternate asset class, and have some important estate planning elements. Probably fits less than 1/500th of the population. Also, the NML rep doesn’t know that, they are just pushing what they have.
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Average Money Joe MD
Average Money Joe MD@averagemoneymd·
My best friend called me yesterday. Said he's meeting with an advisor from Northwestern Mutual. Said he's sick of paying so much in taxes and looking for options. Dual physician family - W2 jobs with combined income >$1 mil I just told him, whatever you do, do not let them talk you into a whole life insurance policy.
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The Husky
The Husky@Mr_Husky1·
I’m about to get married, and my fiancé knows I have an inheritance that was left to me by my grandparents. It’s in my name only, and I’ve been saving it for years. Now he’s saying that before we get married, I should put the entire inheritance into a joint account so we can “start fresh together,” or he doesn’t think we should go through with the wedding. I’m 36 already and this is something my family worked hard to leave me. I’m torn between wanting to build a life together and feeling like I’m being pressured to give up something important to me. What do you think I should do? By isitmeaitah
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Tenfold My Life
Tenfold My Life@TenfoldMyLife·
@OutdoorFinance Wills are fine. Great for basic situations. Trusts can be whatever you want them to be. Their real power is protecting beneficiaries from creditors, divorce, and most importantly...themselves! A living trust sits quiet until you die. Then it becomes exactly what you designed.
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Outdoor Finance
Outdoor Finance@OutdoorFinance·
Whats the value in a living trust over just a will?
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Shu
Shu@Saint_Shu·
@BowTiedPhys Laird is so freaking cool. His JRE is a must listen
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BowTiedPhys
BowTiedPhys@BowTiedPhys·
Inevitable you come to accept him as the greatest longevity model we ever had.
BowTiedPhys tweet mediaBowTiedPhys tweet mediaBowTiedPhys tweet mediaBowTiedPhys tweet media
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Tenfold My Life
Tenfold My Life@TenfoldMyLife·
I have that same feeling. When I mention it to my buddies a typical response it, "That's why I get the first tee time on the weekends." First tee time is 6:30AM. My kids are awake my 7. That math doesn't math. Here's some math. 40 weekend rounds per year. 5 hours away from the house per round. 200 hours per year. Times 18 years. 3600 hours. On a non-golf weekend, let's say you spend 15 hours with your kids on those days. 3600 hours equates to 240 weekend days that you miss being with your kids. That's approximately 13% of all weekend time I have with my kids from the time they're born until the time they graduate high school. This is generous. Most people take longer than 5 hours when you add in driving range, putting, hanging afterwards, and commutes. I enjoy golf. I just enjoy being with my kids more. I'll worry about lowering my handicap once they graduate.
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Laura Hudson 🇨🇦
Laura Hudson 🇨🇦@latterdaylaura·
My super strong parenting opinion is that while the kids are awake, you come last. No spending all of Saturday golfing. That’s family time. 6 am tee time only, maybe. Wanna go to the gym? Go after the kids go to bed, or wake up at 5. In a few short years, they’ll be out of the house and you’ll have all the time in the world for your own stuff. It’s okay to come last for a while.
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Tenfold My Life
Tenfold My Life@TenfoldMyLife·
@TomFrankly I felt your pain! Claude changed that for me. Back in August I used ChatGPT to build an Excel program. Put about 20 hours into it. Failed. Spent 30 minutes with Claude 2 weeks ago and it works! Will save me 20 hours per year!
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Thomas Frank
Thomas Frank@TomFrankly·
Currently 892 hours into automating a 30-second task I do 4 times a year It's gonna be so worth it once I get everything working
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Mark Palmer
Mark Palmer@MarketPalmer_·
Are pyramid schemes still a thing? I haven't been pitched Amway, World Ventures, Vemma/Verve, etc. for several years now.
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Tenfold My Life
Tenfold My Life@TenfoldMyLife·
@DadInvest is onto something. He shouldn't do anything until he discovers what he wants (in life). Happiness? Relationships? Experiences? Growth? Challenges? Money is a tool to help you do the things that are important to you. If you don't know what's important to you, you tend to make very bad choices.
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Andy
Andy@andyantiles_·
Just got off a call with a guy who just got a $34m inheritance from his parents Not in real estate value… Not in stocks… But in cold hard cash. The kid is 23 and makes $200k/year as a software engineer Has no idea whatsoever what to do with this money What would you do with it? Here’s what I suggested (I’m not a financial advisor, and this is not financial advice) Invest $12.5m into $VOO (S&P500 ETF) Invest $12.5m into $QQQ (Nasdaq ETF) Buy a $5m primary residence in cash And with the last $5m, buy section 8 real estate properties. I connected him with the sourcing company I use, and over the next 12 months They’re going to source him 150-180 rental properties This will create enormous tax deductions that will eliminate his income tax for years And he’ll earn ~$600k-700k in annual recurring cashflow And the $5m he puts into down payments will turn into $25m of equity once the federal government pays off all the debt in 30 years Simple playbook to ensuring that $34m turns into multiple 9 figures and true generational wealth
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Tenfold My Life
Tenfold My Life@TenfoldMyLife·
I’m not too familiar with @JoinCrowdHealth but I used to own an employee benefits company. If you’re looking for an alternative, this might be a good option.
Isaac@isaac_saas

This week makes 6 months with @JoinCrowdHealth I've paid a total of $3,061.10 or $510/month. In that time, here are my family's doctor visits: - Urgent care: $220 - Dermatologist: $355 - Dentist (me): $280 - OT for Knee + X-rays: $264 - Dentist (son): $180 - Pediatrician: $120 Visits Total: $1,419 Grand total: $4,480.10 CrowdHealth has paid me $2,200 for referring 2 other families so my actual out of pocket has been $2,280.10. On the open market, my family of 3 was quoted ~$2,100/month. $2,100 x 6 = $12,600. Savings = $10,319.9 ($12,600 - $2,280.10) Lastly, keep in mind that CrowdHealth covers everything over $500. Incredible.

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Tenfold My Life
Tenfold My Life@TenfoldMyLife·
Jim Rohn was an incredible man! So happy he left behind so much of his thought process! If you're unfamiliar with him, here's a small sample...
Jaynit@jaynitx

Jim Rohn on how to get whatever you want (in one word): "How to get whatever you want. Here's what it says: Ask. That's it. End of notes." Jim explains: "If there's one art in life to learn extremely well, it's the art of asking. The formula is staggering; it says 'Ask and you shall receive.' You've got to be better than a good worker. You've got to be a good asker." He shares three key points on asking: 1. Asking starts a unique process. "It's mental and emotional. I don't even know how it works; all I know is it works. It's like pushing a button, and all this machinery starts working. Some people are always studying the roots. Others are picking the fruit. Depends on which end you want in on." 2. Receiving is automatic. "If that's true, receiving is not the problem. What's the problem? Failure to ask. The guy says, 'Oh, now I see it. I got up last year and hit it every day, but there's not a scrap of paper with my goals on it.' Good worker, poor asker." 3. Success is not in short supply. "It isn't rationed. It's like an ocean. So what's the problem? Some people go to the ocean with a teaspoon. What you want to do in view of the size of the ocean is trade your teaspoon for a bucket." Jim shares the two ways to ask: "Ask with intelligence. Be clear, be specific. How wide? How high? How soon? What size? What color? How much? Define what you want and describe what you want. Goals become like a magnet; they pull you in that direction. The better you describe them, the more they pull." "Ask with faith. Believe you can get what you want like a child. Not an adult. Adults are too skeptical." He concludes: "The formula really reads: Make plans like an adult and believe in them like a child. And the most incredible things will happen. Just try it for 90 days. You can always go back to the old ways."

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Tenfold My Life
Tenfold My Life@TenfoldMyLife·
@Financialguide @FranWalsh73 Tiny policies ($50k - $200k) make sense for millions of people purely as a supplemental emergency fund. Beyond that, they don't make sense for millions. And I don't manage money or gather AUM, so no ploy on my part. I'm guessing you sell a lot of LI.
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Jeff Woodard
Jeff Woodard@Financialguide·
@TenfoldMyLife @FranWalsh73 It ‘fits’ for literally millions of situations when implemented as a part of a holistic plan. It’s one of the best tax tools available yet these types of misinformed posts are meant to scare people away from understanding the value. Probably as a ploy to gather more AUM
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Tenfold My Life
Tenfold My Life@TenfoldMyLife·
@Financialguide @FranWalsh73 I'm a proponent of permanent life insurance...where it fits! The problem is that it doesn't fit very many situations. $250k - $2MM permanent policies for middle and upper-middle class families are typically bad uses. Yet I see that all the time!
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Tenfold My Life
Tenfold My Life@TenfoldMyLife·
He checked his brokerage account every morning before his feet hit the floor. Nothing had changed. But he checked anyway. That’s not investing. That’s anxiety disguised as control. Most people don’t have a money problem. They have a clarity problem. Your mind won't rest until your money is pointed at what truly matters to you.
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Tenfold My Life
Tenfold My Life@TenfoldMyLife·
@MrJohnMBartlett @a_real_society Yeah, you have to be careful about allowing the trust to fund businesses. There ought to be real metrics and benchmarks they have to hit. If not, that’s a quick way for the trust to be liquidated.
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John B.
John B.@MrJohnMBartlett·
@TenfoldMyLife @a_real_society I'm my experience, if they can't bootstrap a business, they can't run a business and will only lose the money.
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Tenfold My Life
Tenfold My Life@TenfoldMyLife·
@RonSwanonson And this is why the powers that be hate Bitcoin so much. They are the major headwind.
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Ron Sovereignty Swanson⚡️🗝️
Had a hotel bar convo with normies last night. They were all history buffs, and they asked if I liked history… I told them I’m not a huge history buff but that I knew a lot about the history of money, the different types of money and how ultimately, central powers were always able to capture the money at the expense of the actual value producers in every society we’ve had etc. I pointed to the fact that money is a language that can direct the course of history more than any other factor They were all blown away that they knew so much about history but had never really thought about monetary history and how it constantly changed the course of humanity One person even said “oh are you into cryptocurrency and Bitcoin?” And I said, well yes this all does lead to Bitcoin as the first money that can’t be captured but I’m not going there, and stuck to monetary history. With their reactions, l guarantee that those 4 people left with an itch to learn more about the history of money Once you understand the history of money, you won’t have to pitch “Bitcoin” I’d even suggest to stay away from the word altogether and plant curiosity that ultimately leads to Bitcoin anyway
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