The Missing Piece to Financial Wellness

wake up to wealth extractionMost everyone wants to build wealth, get out of, and stay out of debt. Unfortunately, however, today’s American-lifestyle expectations typically lead to mounting personal debt followed by challenges to both health and relationships. A hoped-for quality of life may exist only as a convenient façade while, behind closed doors, many suffer due to personal finances.

There are many financial wellness programs out there. I recently have been hearing how employers are now paying employees to take care of their financial situations because these “situations” of personal debt, and lack of emergency savings, especially, are affecting job performance.

A Harris Poll was conducted in August 2014 of 3,100 adults. It found that “72% of Americans reported feeling stressed about money at least some of the time during the previous month.” Though it’s now 2018, this reality of stress over personal finance has only been superficially mitigated by the illusion of economic recovery per the new tax laws’ breadcrumbs tossed. According to a Bankrate poll early February 2018, 1 of 5 Americans said their amount of credit card debt exceeded their emergency funds.

My point? I’ve never seen any financial wellness program that addresses one of the most critical factors for long-term financial success. In both good times and bad, it’s about how money in context of the monetary system, systemically extracts your personal wealth over time. The result is that the diligent subscriber to this or that financial-wellness program still ends up with a proverbial “hole in their bucket” and never knows why their hard-earned reduced debt or debt-free status is virtually impossible to sustain.

For four intensive years I studied directly with a highly successful Registered Investment Advisor (RIA) to learn a different approach to personal finance. My education included the history of money, the way it works in the context of the monetary system, and therefore the new set of necessary strategies essential to counteract a monetary factor seldom taught to traditional planners.

Given this revision of traditional personal-finance concepts, those who “get it” learn to restructure their thinking about money and then apply a new approach to how they earn, spend, save and invest. In 2007 I published the do-it-yourself workbook, The Quality Life Plan® 7 Steps to Uncommon Financial Security and have had the privilege of helping clients transition to a more comprehensive financial-wellness strategy for greater peace of mind.

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