The Missed Fortune strategy helps individuals preserve wealth and optimize their assets.
Missed Fortune is an asset optimization strategy created by esteemed financial planner Douglas Andrew and based on his best-selling books, Missed Fortune and Missed Fortune 101. In the Missed Fortune curriculum, Andrew explains how prudent individuals can maximize their rate of return while minimizing their risk of loss.
Andrew established the Missed Fortune line with a focus on the economic principal of acquiring funds using tax-favorable techniques that allow a greater retirement income. The system also stresses the importance of positioning retirement monies where they are readily available in case of an urgent necessity. The Missed Fortune program points out key questions all individuals must ask themselves before putting additional monies into a 401K or IRA – tactics that only offer temporary tax benefits, according to Douglas Andrew.
The Missed Fortune approach advises establishing more stable financial strategies that offer tax advantages later – at what Andrew calls the Harvest Period. One of the most overlooked opportunities cited in the Missed Fortune plan is buying specific types of life insurance policies. In the Missed Fortune books and program, Andrew illustrates how these insurance policies – when planned correctly - are akin to conservative mutual funds, but with greater tax saving opportunities.
Unlike traditional asset management plans, Missed Fortune does tout home equity as a key resource. Instead, the system teaches individuals how to perform financially, much like large corporations and banking institutes. In the Missed Fortune series, Andrew places the emphasis on arbitrage, or borrowing at a low interest rate and contributing those funds to a conservative financial vehicle that grosses a higher return, thereby creating higher net income streams.
Missed Fortune author Douglas Andrew began his career over three decades ago out of personal necessity. He, like many Americans of today, lost his home to foreclosure. His dreams of financial freedom were, for a short time, shattered. But Andrew, not one to bow to pressure, devised his own wealth accumulation strategy, which eventually became the methodology taught in Missed Fortune and his other best-selling publications. Andrew has also co-authored Millionaire by Thirty along with his two self-made millionaire sons who were in their twenties.
Douglas Andrew is a retirement specialist who asserts his Missed Fortune program can create greater wealth while preserving the most valuable asset of all: personal relationships. He is notable for pointing out the ten most common financial pitfalls young people today face, including impatience, inexperience, and blind trust. Andrew is a sought after public speaker with a knack for explaining difficult concepts in a way that make them understandable and relatable.
Andrew’s Missed Fortune wealth transformation strategy is available in North America via educational symposiums and accessible across the globe online. Andrew heads a team of financial professionals who undergo intense training through the Missed Fortune program and are given specific focus on helping others optimize assets and manage personal equity.
For more information about the Missed Fortune program, visit www.missedfortune.com or get a sneak peek inside the cover of all of his acclaimed books on www.amazon.com
Q: What’s the first step toward financial stability?
Missed Fortune: For starters, people must watch for the defining moments in their lives. Unfortunately, it can be difficult to avoid following the crowd, but seeking out the truth is generally an uncomfortable process.
Q: How has this company assisted clients in the process?
Missed Fortune: In 1982, the founder elected to give up his Series 1 securities license. At that time, he had been leading more than 3,000 clients, with their average rate of return hovering at about 12 percent. It seemed like a successful career. He experienced a major epiphany that completely changed everything he believed. While most clients were earning at a steady rate, they stood to lose approximately one-third of their hard-earned savings to taxes. It became clear that if clients were earning a 12% rate of return that after taxes and fees, their actual return would be closer to 7%.
A key ingredient of the Missed Fortune concept involves the application of the “Laser” principle to all financial vehicles. Liquidity, safety, and rate of return should provide the foundation for any decisions made. Through workshops, online videos, and bestselling books, company founder Doug Andrew explains this Missed Fortune principle that can help an individual realize his or her unique “missed fortune.”
Today, Missed Fortune ’s founder answers a few questions regarding his well-known liquidity test. Will you pass?
Q: Explain the Laser test you talk about in your Missed Fortune materials.
Doug Andrew: In the Laser test, the team at Missed Fortune tests financial vehicles to see if they pass these three steps: first–liquidity, then safety and finally, rate of return. Tax benefits are icing on the cake. People tend to put those in reverse order, but Missed Fortune concepts stress the importance of this particular order[...]
Missed Fortune founder Douglas Andrew knows that many baby boomers are concerned about not outliving their money. After working all their lives, retirees have plans to travel the world and enjoy their golden years.
Yet many of today’s hard workers are learning that they will have to work well beyond retirement age, especially if they’ve failed to save over the years. Even for those who are young enough to begin saving for retirement, Missed Fortune finds that saving is tough when individuals are struggling to pay bills and income taxes.
Complicating matters, Missed Fortune has noticed, is the fact that many boomers lost money in their IRAs and 401(k) accounts during the economic crisis of the early 2000s. Those boomers spent several years struggling to recoup those losses, hoping to have money in place in time for retirement[...]
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