In a country where the middle class is shrinking at an alarming rate(1) and over $163,000 is owed per taxpayer for the US National debt(2), it’s time to become proactive. Learning new concepts that can serve you will expand your Personal Financial Power.
One useful concept sheds light on why so many suffer from financial confusion. This is called your “Circle of Knowledge,” which is split into several areas, including:
The PFP program helps you move from fear about your financial future to having confidence you are capable of making good decisions and doing the best for your family with the money you have by helping you expand your Circle of Knowledge so you can make your own great decisions. Armed with the best knowledge, you can take control.
You expand your current Circle of Knowledge with tools and information.Whether it’s providing information you haven’t previously needed to know or with something totally new, we understand one big thing: there is emotion around our money beliefs. The founder of Wealth Strong Life Solutions, Evonne Ryan, is a lifetime educator who also has spent over 26 years in the financial industry. Evonne says, “Nearly everyone is affected by the Six Time Rule. When anyone hears something completely foreign to their thinking, nine times out of 10 they immediately reject it, so we need to present it in different ways at least 6 times.”
This is why the PFP program takes small steps to help open your eyes to what you may not know. We address your relationship with money through non-threatening programs and services, free from pressure to change. If new information doesn’t quite make sense at first, we know that’s normal.
Our job is to help show what might be in your Blind Spot so you can calmly evaluate the new information. By illustrating this area, you can avoid negative consequences or take advantage of positive strategies. We pride ourselves in providing unique clarity about how money is or is not serving you, then providing options. We’ll focus first on Wealth Transfers.
One more thing…see the red slice inside the “Know to be True” wedge? It’s too small for its own label, but it shows us something that’s troublesome for most people. What if there were things that we thought to be true, but actually turned out not to be true? If that were the case, when would you want to know about it?
Next, let’s take a look at one concept all of our clients find useful: the Three Types of Money.
Circle of Knowledge© is courtesy of Moneytrax, Inc.
(1) After more than four decades of serving as the nation’s economic majority, the American middle class is now matched in number by those in the economic tiers above and below it. In early 2015, 120.8 million adults were in middle-income households, compared with 121.3 million in lower- and upper-income households combined, a demographic shift that could signal a tipping point, according to a new Pew Research Center analysis of government data. America’s Shrinking Middle Class