Are You, Like 200,000,000 People, Investing in the Worst Performing Investment in America? | DO 58

Are You, Like 200,000,000 People, Investing in the Worst Performing Investment in America?Subscribe

Two-hundred million people blindly throw their money each and every month at an investment vehicle that is the exact opposite of what we all want for our money.  Do you know how to invest?  Are you guilty of what 67% of people do on a monthly basis?

In this episode, Matt reveals the worst performing investment in America.  It’s not only the worst performing, it is tragically one of the most popular.  Save your financial future and tune into the facts as they are presented in a way that only “the Do Over Guy” seems able to do.  Do not miss this life-changing episode!

 

12 Nauseating Features of the Investment Embraced by 67% of Americans:

  1. Investor is required to make upfront contributions of approximately 2%-9% of the fully-funded investment just to set it up.
  2. Investor has a limited number of contribution options.  Investor may select their monthly contribution amount upfront, but once selected, investor is locked into that contribution amount for the life of the investment.
  3. Investor may contribute more than the predetermined monthly contribution amount, but may never contribute less than that amount.  Even in the case of hardships such as job loss or medical issues, investor may never contribute less than the amount chosen at the beginning of the investment.
  4. If the investor elects to pay less than the predetermined monthly contribution, they risk losing all monies invested to date.
  5. In most cases, approximately 95% of all money invested in first 5 years directly funds the investment company.  That means only 5¢ of every dollar invested in the first 5 years is left to benefit the investor.  On average, over a 30 year period, only 46% of the total monies invested will be owned and claimed by the investor.
  6. There is no liquidity for the investor, all investment monies are unavailable for use.  Some exceptions exist for taking a loan against a portion of the investment, but loan provisions are incredibly rigorous.
  7. Money in the investment is completely at the mercy of the market and are not guaranteed or insured.
  8. Each time the investor adds principle to the investment, it increases the risk to the investor.  As the investor’s money gets more vulnerable, the position for the investment company grows more secure.
  9. Principle will earn somewhere between 0% and -3.8% rate of return over the life of the investment.  A 75-year track record exists for the investment returning -3.8%.
  10. Once the investment is fully funded, no additional dollars may be contributed.
  11. The fully-funded investment pays no dividend or income of any kind without the investor selling his or her interest in the investment.
  12. Investor must pay taxes on the fully-funded investment as long as it is owned even though it provides no income or dividend.

 

What You’ll Learn:

  • Why retirement for most people will involve living on half of the amount of money they are living on now, at best.
  • What the worst performing investment in America is; and
  • How it disregards the three requirements of a good investment.
  • Why millions of Americans mortgage their life away for false security.
  • The reason that many Americans can’t retire as they planned even though they’ve diligently contributed to this investment.
  • Why it important to evaluate if your current retirement plan is working or not.
  • How to structure your investments so that you can have security in retirement.

 

Resources Mentioned in this Podcast:

  • Get started on your own “do over” by downloading “The 3 Pillars of Creating the Ultimate Do Over” at www.FreeDoOver.com
  • “Purchasing Failure Every Month: The Worst Performing Investment in America” by Kevin Clayson in Real Estate Investing Magazine Summer 2011

Subscribe

Podcast Transcript:

[00:00:00]

(Voice Over): During an era where countless people, business and organizations are feeling the pinch, running out of time, running out of money, losing confidence, feeling as if life is unfair, praying for another chance and unless something is done, life is going to pass them by.

Fortunately, in the nick of time, there’s now a place where the ignored, underestimated and unknown steps producing results and making life work are revealed. Save your career, save your business, save your health, save your relationships, save your life. Get from where you are to where you want to be. Faster and with greater ease than you thought possible. Say hello to your Do Over.

Matthew Theriault: Welcome! This is episode 58 of the Your Do Over podcast. This is the place where I show people who want more out of life, people dissatisfied with their current situation, people who are sick and tired of being sick and tired. You all know who you are or this is for people that even are cool with life but they just want a little bit more out of it. It’s working but not working as well as they would like.

I mean this is the place where I show them all how to start over and begin a new life setting goals and objectives so they can create wealth, create financial freedom, create the lives of their dreams and live that life to the fullest.

You can get your do over started fast by laying a solid foundation when you download the 3 pillars of creating the ultimate do over. You can get that for free at Freedoover.com. It’s a 55-minute MP3 audio program that I made just for you with three specific steps on how to get success as you start over. It’s yours for free at Freedoover.com. Alright, so today’s episode is a follow up essentially of episode 56, “How to Retire Early.” I received a ton of emails from that episode on how it opened up your eyes to on how to make money work for you as opposed to you working so hard for it.

There was a question that came up frequently. I’ll reveal that question later on in the show but it came up frequently. I responded to all of those emails individually but I ran across an article by Kevin Clayson in Real Estate Investor magazine. His article went into great detail on a topic that’s really it’s near and dear to my heart. I’m in 100% agreeing with this article but I’m bringing it up because Kevin pointed out some things that have bolstered my opinion about it even more. I mean it’s now stronger inside of me than it’s ever been that really strengthened by belief. I guess perspective and evidence has a way of doing that.

He pointed out some things that, you know, I never thought of but it’s certainly applicable and absolutely true. So, what I’m going to do is I will loosely read from his article. I’m going to comment in between.

By the way, in today s episode, it’s not about real estate. Okay? I have a separate podcast for that. This is not a real estate episode. This is an episode about your financial future. I guess there is a small gray area where your do over and real estate from my opinion would overlap but I try to keep them separate.

Today’s episode is about just investing overall and shedding some more light on what we all think and accept to be truths about money. When it’s broken down, we subscribe to miss. We subscribe to broken ideas that we don’t even know were broken. In some cases, the downright lies. I mean whether those were intentional lies or not, that’s really of no concern to me. I’m not a big conspiracy type person but there are many falsities, I guess, out there that about money that we accept as truth or we just accept because we never thought to question them.

So this article by Kevin Clayson, it’s titled “Purchasing Failure Every Month: The Worst Performing Investment In America.” Some of you that have been listening to this show for a while, you might have an idea as to what that investment is but I think most of you might be really surprised. So, lets begin. All right?

The worst performing investment in America. An irony here is 200 million Americans are participating in this investment. That’s why I’m drawing your attention to it. Let’s see if it’s you or not. I mean, ask yourself the following questions. How long have you been a failure? Let’s just get right down to it.

How long have you been buying into a broken financial paradigm or paradigms? How many times have you fallen prey to 12 months same as cash or 0% interest for 6 months? Or max out your 401k contributions? Because the company going to do a dollar-for-dollar match-up up to 6%. I meet a lot of people that “but my 401k is great because my company matches it.”

Well, let’s look at this. Here’s a fun little batch of numbers for you to look at. You see if you began a 30-year working career. It’s something to think about as you get ready, to, to, in your do over maybe this is not going to be an entrepreneur, maybe it will be getting another job and that’s okay.

But let’s look at this real quick, if you began a 30-year working career making $65,000 a year with a guaranteed 1-½% salary increase every year. That’s guaranteed for 30 years. That’s going to compound over your 30-year career. If you contributed 6%, 6% of your annual income to your 401k and the company matched your contribution, dollar-for-dollar for the entire 30 years, that’s a hot job right now by the way. That would be a gift.

Then the market earned a guaranteed 7 percent rate of return. You’re given a guaranteed rate of return by the market every year for the entire 30 years. Okay? Sounds pretty good. Well, guess what your retirement will look like at age 65? What would it look like at age 65?

Well, after you account for inflation and after you taken to account taxes. You will only have $35,000.00 a year to live on. Basically, half of what you are living on while you are working. You got to cut your life in half with that amazing dream job of today.

But this is when it gets really scary. If you end up living 15 years past retirement age, you will only have $25,000 to live on. $25,000 a year. What does a retirement look like with only $25,000 a year?
I mean, most of us would probably going to have to change zip codes at the very least, might have to get a roommate or two. That’s not my ideal of a grand retirement. So, let me ask you again, how long have you been buying into broken financial paradigms? You know, recent discussions in the media, especially among financial experts, I did a little air quote thing again, experts, have focused on identifying the best investments in the current market. A lot of people are looking for what’s the Holy Grail right now in our market.

Generally speaking, Americans want an answer to the following question: Where is the safest place to invest my money? Where is the safest place to invest my money? Now, if you ever asked that question, consider the information that you really seeking. Right? Consider it.

You want an investment that will perform beautifully regardless of market conditions, right? You want your investment to provide a predictable and consistent rate of return. We all want consistency. You want to be able to have access to the funds if you should need them, right? Maybe access when you just want them.

In other words, you want some degree of liquidity and most importantly you want to keep the money that you invest. Sounds simple enough, right? I mean, all you really want boils down to 3 simple things: safety, liquidity, and a high rate of return. All right so here’s the big question, do you purchase failure, little by little like 67% of Americans do every single month? Are you among that 67%?

Over 200 million of us throw money at the kind of investment vehicle that is the anti-thesis or the opposite of what we want for our money. We do it every month. So, let me list the features of this very popular investment. As I go on to explain the features, ask yourself if you are throwing money every month at an investment vehicle with these following features. Okay.

So one, you, the investor, are required to make an initial contribution to the investment in order to just set it up. Just to get it in place. That initial contribution required is typically between 2% to 9% of the total long-term investment amount. You have to put 2% to 9% upfront just to set it up.

Two, you, the investor, have a very limited number of contribution options. Okay? Very limited but you ultimately retain the ability to choose the amount you would like to contribute on a monthly basis. However, once you have elected your monthly contribution amount, you are locked in for the life of the investment you’re locked in.

Number three, you, the investor, have the freedom to contribute more than that elected monthly investment but you are never allowed to contribute less than the monthly minimum you elected upon. I mean, even in the case of job loss or medical issues or any other hardship, you can never contribute less than what you elected to set-up right at the beginning.

Four, if you, the investor, elect to pay less than the minimum contribution amount in any given month; you risk losing the entire contribution amount to date. You lose it all. Okay? You can’t do it.

Number five, in most cases, approximately, 95 cents of every dollar contributed during the first five years, funds the investment company directly. The company that manages the investment, it funds them directly. 95 cents of every dollar for the first 5 years. Leaving only 5 cents of every dollar to benefit you. Over a 30-year period, only 46% of the total investment contribution will be owned by you and be claimed by you. 46% of all the money you put in investment, you only get to keep 46% by the time it’s all said and done.

Six, you have absolutely no liquidity. The money is tied up and unavailable. Now with the exception of certain loan provisions that allow access to a small portion of the investment. It means the investment must meet river standards for the investment company to even consider allowing the investor, you, access to the liquid portion of the investment.

Seven, the money, sitting in the investment, is completely at the mercy of the market. Those dollars are not guaranteed or insured. In other words, they can go “poof” at any given moment. It can just disappear.

Number eight, every time you add principle to the investment, you put the entire principle at greater risk. Yet, at the same time, as your principle gets less safe, it furthers secures the investment company’s position with your money. You put more money into it and it’s actually riskier for you. It increases the security for the investment company.

Nine, the money in the account, or the principle, will earn somewhere between 0 and negative 3.8%. You got that? It’s going to earn somewhere between 0% and negative 3.8% rate of return over the lifetime of the investment. There’s a 75-year track record of those investments earning negative 3.8%. So what that means is the 0 is being generous and optimistic.

Ten, once you have fully funded the investment, you are no longer allowed to contribute any additional dollars to the investment. I mean, at this point, why would you want to, right?

Okay. Number 11, the fully funded investment pays no dividend, or income, of any kind at any point unless the investor sells off his or her interest in the investment. You got to sell it just to benefit from it.

12, the investor will be required to pay taxes on the fully funded investment as long as they hold on to it. Even though the investment provides no income or dividend.

So, who wants in? Come on, put your hand up. Raise your hand high if you want that investment. If that’s where you want to put your money. Doesn’t that sound exciting? Any takers, at all?

I mean your skin should be crawling with the absurdity that over 200 million Americans invest in this very thing every single month. Now, most of you are likely thinking I’m mocking the 401k, right? Or I’m mocking RIA accounts?

The fact to the matter is while 401k and RIA accounts have many of the same rigid features and absurd restrictions that I’ve mentioned, like no principle protection feature, being dependent on the mercy of the market and zero tax benefits.

I’m not talking about 401ks or RIAs. The investment that hundreds of millions of Americans are unwisely investing in on a monthly basis is quite simply put their mortgage. Their own personal residence.

That’s the question that comes up. That’s the question that I got most frequently on how to retire early up to two episodes ago. We’re on 58, so on 56. Should I buy my own house? Or when should I buy my own house?

Listen, your home isn’t an investment. The only reason that you want to buy your own house is just to be able to say that you’re a homeowner. That’s all that you get out of it.

No, what you get are the 12 dynamics that I just went over. You get that also. That great investment. I mean millions of Americans are willing to mortgage their lives away for a sense of security. They believe that their equity building in their homes will somehow provide the level of retirement and security that they seek after their entire lives.

People work a lifetime to own a home free and clear. Only to realize that they cannot retire once they reached retirement age. Their free and clear home no longer really feels like an asset.

It doesn’t feel like that at retirement. It feels more like a consolation prize, right? So to bring this point home. Let’s take a look at those 12 investment features that I describe. Let’s discuss them in terms of the mortgage on your primary residences now. Let’s put in them actually in the context.

So number one, the investor is required to make an initial contribution to the investment in the amount of 2% to 9% of the total long-term investment amount. Your initial down payment of 3 ½% to 20% of the total purchase price of the home will at the end of a 30 year note, equate to approximately 2% to 9% of the total purchase price over the lifetime of the loan. Not great.

Number two, the investor has a limited number of investment options but ultimately retains the ability to choose the monthly investment amount. So, once you have elected your contribution amount, you are locked in for the life of the investment.

You have the ability to shop around for the best interest rate. You know, you can shop around from mortgage brokers to lenders to banks. You can go ahead and you get to choose the moment you accept but you have very limited options.

And three, the investor has the freedom to contribute more than the elected monthly minimum investment but the investor is never allowed to contribute less than the monthly minimum even in the case of job loss, medical issues, or other hardships. You are always welcome to pay more than your monthly payment but if you ever pay less or don’t pay at all, you maybe considered in default. The foreclosure process will begin ultimately resulting in a lower credit rating and potential loss of your home.

Four, if the investor elects to pay less than the minimum contribution amount in any given month, the investor risks losing the entire contribution amount to date. All the money that they put in, gone.
I mean if your home slips into foreclosure, you will lose all your principle payments as well as all of the interest that you paid up to that point. There’s no contractual provision in place to allow you to receive any of that money back if the bank forecloses.

Number five, in most cases; approximately 95% of every dollar contributed during the first 5 years of the investment funds the investment company directly. It goes to the lender directly leaving you only 5% of every dollar to benefit as the investor. Only 5 cents.

Over a 30-year period, only 46% of all the money that you put in that investment, you get to claim. When researching a typical 30-year amortization schedule, you’re going to find that on average only 5% of monthly pays down your principle balance while the rest is devoted to interest as your amortization schedule matures, you’ll begin to contribute more and more to principle and less to interest.

However, all the interest is paid upfront. You know, with the $225,000 loan with the 6% interest rate, you’re fully amortized payment would be around $1,350 a month not including taxes and insurances and all that stuff.

So if you make that payment for 360 months, or 30 years, the total amount you would have paid over the life of the loan is $486,000. More than the double the prize of the property.

Hence only 46% of the total amount of the investment went towards paying down principle. This is one of the biggies because a lot of people will look at someone that’s renting and might look down on them like they’ve made a bad financial decision, like they are throwing their money away every month. Well, you are essentially doing that with your home mortgage for, I don’t know. In my opinion, in this magazine article, it says the first 5 years; I really think the first 15 years you are throwing that money away.

You know, most people don’t spend, you know, that long in their properties anymore and their houses anymore so you’re throwing the money away anyway. Most places you’re throwing away more of it because it costs more to buy the home than it does to rent it in most places. There are certainly exceptions.

Number six, the investor has no liquidity. The money is tied up and unavailable with the exception of certain investment provisions that allow access to a small portion of the investment like a refinance.
The investor must meet rigorous standards for the investments especially today more of today than probably ever than most of us can remember. You’ve got to meet rigorous standards for the investment company to even consider allowing the investor access to the liquid portion of their investment.

Home equity or the difference between the value of the home and the remaining principle balance is tied up and it’s not accessible. You have zero liquidity. The loan provisions that referred to they equate to a refinance or a home equity line of credit but those require you to pass multiple rigorous qualifications before the bank will give you your money.

The lending industry is an ever-changing monster that is, I don’t know, clearly caused multiple casualties over the years especially in recent memory. I mean, it’s those weird loans; those things that they use to suck in and take it away from you that have created these causalities.

I mean, in unforeseen change in the lending industry it may in fact mean that the mortgage you once qualified for when you purchased the home, maybe the only home loan you ever qualified for.

You know if lending guideline shift, you may not even be able to qualify for a refinance on your primary residence. Leaving those dollars eternally unavailable unless you sell your home.

Number 7, the money seating in the investment is completely at the mercy of the market. The investment principle is not guaranteed or insured. Homeowners have unlimited downside potential in their investment. This means that you could owe significantly more on your home than what it is actually worth.

Right now, in Southern California and I think this is, there’s a lot places I don’t have a list of them but it’s the majority of the country. 67%, 68%, the last numbers I heard, people owe more on their property than what it is worth.

I mean this is a problem that helps drive the US housing industry and US economy in general into the ground. That’s what has people saying real estate is a bad investment. We’re going to talk about that in just a second.

Number 8, you see every contribution made puts the principle at greater risks get it further secures the investment company’s position. As you pay your mortgage loan down, the loan to value on the home decreases which means that the bank’s investment in you means that the bank’s investment in you is even more secured than it was when you first started making payments.

Mortgages with a low loan to value amount are the easiest and quickest to foreclose on if you ever miss a payment, which puts your principle at greater risk. See how that works? You pay more and it actually increases your risks because it’s more likely to be foreclosed on because it’s more likely to be a moneymaker for the bank if they do foreclose on it.

I mean, think about this, you are a bank and you have 10 homes you can potentially foreclose on and deciding which homes to foreclose on first. You notice that one home is worth $225,000 but has a loan balance of a $50,000.00 versus the other 9 that are worth less than what is owed.

Which home are you likely to foreclose on first? In hopes of minimizing the negative impact that asset will have on your books. That’s another conversation but you know if one represents, you know, just, you go to work everyday and the boss hands you 10 jobs. They’re all the same job but one pays more than the other 9. Which one are you going to choose to do first? Yeah, you’re going to do the one that pays more. Yeah, banks are businesses also. They make the same types of decisions.

Number 9, the money in the account or the principle is going to earn somewhere between a 0 and negative 3.8% rate of return over the lifetime of the investment. I know you all want an explanation on this one, right? That doesn’t even make sense. That isn’t even sound right. Well, you see, equity in your home earns you nothing.

That money never produces more money for you. It’s not working for you. Okay? Equity is a fully theoretical concept. It’s all theory until you actually access it with the home equity line of credit or refinance or sale and when you actually sell it.

Then the equity converts then to real visible dollars in your personal bank account. Now, not accessing the equity in your home is like having tens of thousands of dollars sitting in a bank account doing absolutely nothing.

Putting money in a similarly structured non-interest bearing savings or a checking account would be like stashing money on a lock safe that you can’t open, right? Like putting it under the mattress.
Money sitting like that is subject to inflation and the 75-year average on inflation according to the United States government is 3.816%. 75 year average, 3.816%. That means your money is losing value at 3.816%.

Your home may increase in value but the real estate market is not growing your money for you. The theoretical value of the home is growing, but that growth is wholly dependent on market conditions that you have absolutely no control over.

So whatever you invest your money in, that’s going to get almost 4% just to break even, just to stay with the time, just to make sure you’re not losing anything. Think about your savings accounts right now. I don’t think there’s a savings account in America that pays 1%.

Just by sitting there, it loses 3% every year. It’s just, you think it’s safe and helps you sleep every night because you have this balance there. So you got to find a vehicle that’s going to generate more than 4% just to break even. You got to find a vehicle that generates 5% for you to get that 1%.

Now number 10, once the investment is fully funded, the investor is no longer allowed to contribute to the investment, right? I mean, like I said, who’d want to? When your home paid off, you are no longer allowed to put any more money into your mortgage.

I don’t know why you would but you are not allowed to. Most long-term investments, however, don’t cap the amount you are allowed to contribute. Maybe this was a good plan for you, but now you got to buy another personal residence for that to work.

I don’t know why you want to do that either. Most of us would never choose an investment that caps principle contribution. We would never choose that. We would see to it as too restrictive, right?
Most of us, if you have a home as an investment and get excited that we don’t have to put anymore money than necessary into it. It doesn’t make sense when you separate it from something that you would actually invest in and then when you actually get your home, you somehow it flips it around and makes it all and everything’s okay and it’s not.

11, the fully funded investment pays no dividend or income of any kind at any point unless the investor sells off their interest in the investment. Once your home is paid off, it creates no residual income or dividend. The best way to put it is this.

A free and clear home will never deposit a check in your bank account. Plain and simply, if you put money into an investment vehicle that does not cut you a check every month, you are not properly investing.

You are not investing. Investments are supposed to pay you, you know. Not take money from you. Even if you are to take the amount of money you pay every month towards your mortgage and began allocating it to another investment account once you have your home paid off, it would take you years before that money would begin providing any level of retirement income for you. Years. At age 65, a lot of us don’t have a lot of years left.

Number 12, the investor would be required to pay taxes on the investment as long as they hold on to it. Even though the investment provides no income or dividend. So not only is it not paying you, you still have to pay it. What your paying it is not going towards the principle either.

You’re not building anything. Once you own your home free and clear, you are only clear of the mortgage payment. The home does not become yours in no way is it free. You are required to continue paying property taxes on a home as long as you own that property.

In most states, you may not know what your tax bill will be from year to year. Now, don’t misunderstand, I do not advocate any of the following. Using your home as an ATM machine, no way. I do not advocate using the equity of your home for debt consolidation, no.

I do not advocate restriction your loan through a mortgage refinance. Those practices add to debt proliferation and will ultimately result in bankruptcy for many Americans. In fact, you know, paying off your home is a noble and could be, depending on your perspective, wise thing to do but only if you have organized your financial house adequately enough to allow you to safe your retirement by creating passive income.

I mean if you spend your entire adult life chasing that financial unicorn called retirement. Please reflect long and hard on the actual practical and very real side of what many Americans call their biggest and best investment.

Millions of Americans, they need a drastic financial paradigm shift. Paying off your home first like so many Americans do, that’s their goal. Let’s get the home paid off, let’s get the mortgage out of the way. Paying off your home first is not the key to successful retirement. It does not lead to financial freedom.

Now I do, however, suggest implementing conservative financial principles that may include using your home equity and applying it to conservative and time tested real estate investments.

This is where the real estate conversation, the little gray area between your do over and real estate investing comes into play because it’s one of the, I guess the sure fire way, probably it’s not the sure fire way because there’s some risk in real estate but it manageable risk.

It’s probably the one method that most people can manage and produce a passive income, a residual income. You know, dumping money into a 401k or an RIA account or paying off a home doesn’t work as a way to retire. That last thought it might go against everything you have ever been taught as a responsible citizen, right?

But ask yourself a very important question, has practicing the traditional methods of saving, contributing to a 401k and a RIA account and paying off the home first, does is it put you on course for the exact retirement that you need or want to have or you’re currently behind schedule? Are you worried about the future? Most people are. If you’re not, congratulations. You are a rare breed today. Very simply. Is your current plan working or not?

If you want something that you never had or something that you know you not getting, you got to do something that you’re not doing. It’s the only way to make it happen. I mean, it’s widely known and well documented fact that 97% of all Americans are not financially independent by age 65. 97% and you may currently count yourself as part of that group and if so, fix it. It’s up to you to do so.

No one else is going to do it for you. Paying off your home certainly feels good and is indeed wise in many cases but the key question remains, is it the single best way to invest your hard earned money?
I’m not saying don’t pay off your home, I’m just recommending that you do it in an alternative sequence. Don’t pay it off first. Pay it off last after you got enough residual income to leave the type of life that you want to in retirement.

Is that investment? Is it putting you on track to earn the exact amount of residual income you need for your retirement? I mean, everyone should own real estate. It’s the best shot at your financial freedom that you got. Everyone should own it. It’s the best investment in America.

It’s the most manageable investment that there is. It’s the best investment but no one said you had to live in that investment. Hopefully that just clicked for you. It’s the best investment. Real estate is the best investment out there but no one said that you had to live in it.

You see there are three reasons to own real estate: for equity appreciation, for the tax benefits and for cash flow. Those are the three reasons to own real estate but no one said that you had to live in the real estate. In fact when you live in the real estate, you lose those three things. Most of them.

So, now that you have the facts, is paying off your home your greatest investment or is it indeed the single worst performing investment in America? I’m not going to force my opinion on you. I’m not going to say you must do this but now that you got the facts, what do you think? It’s your decision.

You can either continue to purchase failure every month or you can take control of your own financial destiny. It’s up to you, all right? So that’s it for today. God loves you and so do I. I am Matt, the Do Over Guy and I will see you on the next episode. The next episode of your Do Over. We’re going to get back on track to getting you where you want to be and the time that you want to be there, deal? All right. Take care.

(Music playing)

(Voice Over): Thank you for tuning in Your Do Over where the ignored, underestimated, and unknown steps to producing results and making life work are revealed. Remember, knowledge is potential power. Take action on what you learned today. This is not your learn over. It’s your Do Over. To view the resources, reference in today’s show and to retrieve the complete show transcript. Visit www.TheDoOverGuy.com. Stay connected with Matt “Do Over Guy” Theriault on Twitter at the Do Over Guy and on FaceBook at www.facebook.com/DoOverGuru.

[00:35:33]

Subscribe