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
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.
Q: In the Missed Fortune educational materials, you mention sixteen categories of investments from lowest risk to highest.
Doug Andrew: Yes. Missed Fortune uses a risk-return paradigm. We list sixteen categories of investments and apply the liquidity test to each. Many do not pass the liquidity test. Even more don’t pass the safety test and many more don’t pass the rate of return test. There are only three survivors.
Q: What are those survivors?
Doug Andrew: The Missed Fortune team has found that some are mutual funds that meet all three of those tests. Some are annuities and some are maximum funded insurance contracts.
Q: Where do you put your own money?
Doug Andrew: As I explain in the Missed Fortune videos, my serious cash goes into maximum funded tax-advantaged insurance contracts structured correctly.
Q: You’ve found that’s a wise financial tool?
Doug Andrew: Yes, I have. In fact, over the past 38 years, I’ve averaged 9.2 percent, and I’ve netted cash-on-cash 8.2 percent totally tax-free.
Q: Is this something anyone can do?
Doug Andrew: With the proper knowledge, yes. However most financial advisors do not know how to structure a maximum funded tax-advantaged insurance contract that experiences a rate of return like that. Missed Fortune has walked quite a few people through doing this.
Q: From what I have read, Missed Fortune stresses the importance of always having access to your funds. Can a policy holder have access to his funds with insurance contracts?
Doug Andrew: Absolutely. One of the most liquid vehicles available to individuals is an insurance contract when structured for liquidity. Not only can you access your funds, you can do so with just one phone call or electronic fund transfer. Missed Fortune can’t emphasize this enough.
Q: Especially in the case of an emergency…
Doug Andrew: Exactly! That’s why liquidity is number one in Missed Fortune’s test. Whether it’s a hurricane, tornado, or you just planning for your future, it’s important to always have access to your own funds.
Missed Fortune is a wealth attainment strategy created by wealth and retirement planning expert and NY Times Best Selling Author, Douglas Andrew. Andrew has developed a detailed and comprehensive action plan that allows individuals to establish a positive net income stream. Andrew is an acclaimed public speaker with over 30 years of experience in Estate Planning, Business and Tax Planning, Accounting, and Economics.
© Missed Fortune · Copyright 2012 · All Rights Reserved