Blog

If You’re Not Apprehensive, You’re Not Paying Attention

Jan 16, 2019Tomas McFie

It has now been over 10 years since the market crash of 2008.  And during the past decade, many have been lulled into believing that the high yields they have earned during that time are sustainable.  People have, once again, come to trust in dividend-paying stocks as safe and secure investments because they have forgotten …

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Who Do You Have Working for You: A Driver or Operator?

Jan 9, 2019Tomas McFie

Charlie Elliot was a multimillionaire.  He had worked hard his entire life farming.  And over the years he had added land and wealth to his estate. One piece of land he acquired required substantial clearing before it was even fit to run cattle on.  So, Charlie purchased a bulldozer and excavator to get the job …

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The 2018 Bull Market That Didn’t Happen

Jan 2, 2019Tomas McFie

So many had great expectations for a huge Bull Market to pull them through in 2018.   The sorry thing is, the bull never showed up.  Markets simply did not make higher moves that were sustainable. And so, the market of 2018 ended up almost where it started on January 2, 2018.  This has left many …

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Today is Boxing Day – The Day After Christmas

Dec 26, 2018Tomas McFie

Some days have evolved into being widely celebrated while others are just regular days even though they were once traditional holidays.  Boxing Day, the day after Christmas, is one of those days.  Once widely celebrated, it is mostly forgotten today. But dating from the early 13th century a “Poor Box” was opened and distributions were …

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Why Life Insurance is So Important for Married Women

Dec 19, 2018Tomas McFie

My dad died on January 1, 2016. And Mom lost the income that came from his pension.  She also lost her Social Security but was able to continue receiving Dad’s. Even so, $1,100 and some odd change each month isn’t enough to live on.  And that is why as a married woman, you need to …

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Universal Life Insurance is a Risky Purchase… just look at the Market Correction this Month!

Dec 12, 2018Tomas McFie

In front of me is an Index Universal Life Insurance (IUL) illustration.  A prospect emailed it to us because his agent had promised he could receive $31,000 a year in retirement income annually for the rest of his life if he would pay a total of $183,000 in premium over the next twenty years. Here …

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Interest You Earn Is Weightier Than Interest You Save

Dec 5, 2018Tomas McFie

Over $5,700 per household, that’s the new average for credit card debt in this country.  And the average rate of interest being charged for that credit card debt is now 17.14%!  But credit card debt doesn’t even cast a shadow compared to student loan debt.  Debt incurred for an education has now surmounted to $1.5 …

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Lasting Wealth

Nov 21, 2018Tomas McFie

Wealth resides, not in ownership, but in contentment.  In other words, don’t allow what you do not have to destroy the wealth that you already possess. If you accomplish this, you will experience the wealth that only comes with contentment. Yet, even when you find contentment there should remain within you a certain level of …

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Ignore Most Financial Advice and You’ll Keep More Money

Nov 14, 2018Tomas McFie

Imagine you are earning a 5% rate of return on an investment where you contribute $1,000 a month over a thirty-year period of time.  After you pay your 0.5% management fee you’ve lost 9.02% of your earnings even though you only paid 5.63% of your earnings towards the management fee.  If your management fee was …

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Your Retirement Plan Is Getting Shoved Around again, but here is How You Can Prevent It

Nov 7, 2018Tomas McFie

The Federal Reserve is at it again.  Raising interest rates, as if they have some crystal ball that tells them what only God could know, what is a fair and authentic interest rate. Here’s the crux of the matter.  The U.S. monetary system depends on deposits, loans, and interest to fuel it.  If the Fed …

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