How to Get What You Always Wanted or Dream of Having and Want What You Have? 

You’ll Always Have What You’ve Now Have …Unless You Change to Follow the Simple-Proven Wheel of Life Plan and the Think and Grow Rich Formula that’s Helped Thousands

Anybody can wish for anything, and most people do, but only a few know that a definite system, formula, plan, plus a burning desire , are the only dependable means of acquiring it.

When you’re not getting what you want out of life, you’re not living up to your values and passions. As frustrating as it is, feeling discontent is actually your first step up. Wanting more out of life drives you to pursue bigger and better accomplishments. And when you’re clear on what drives you, you can manifest anything you want.

When you commit to being your best self, you can even learn how to get people to do what you want, since everyone is united by shared goals. With the right approach, you can learn how to get what you want in a relationship, career, business or any other facet of life.

What is it you really want in life? What is an area in your life that you’d like to change? Is it related to your health? Is there a skill you’d like to acquire? Do you want to take your relationship to the next level? What about your business or your career – is there something specific that you want to achieve? What in your life do you want to master? With a clear sense of what you want, you’re able to create a plan of action, goals and a step-by-step plan for getting there.

Mastering how to get what you want in life isn’t easy – if it was, everyone would be joyful and fulfilled. Getting what you want takes time, commitment and clarity of purpose. We are all capable of accomplishing the things we dream of; we just have to decide to go after these goals with everything we have.

There is an infinite abundance in this universe. Not only is there an infinite abundance of happiness, faith, love, courage, joy, humility, wisdom, generosity, peace, gentleness, meekness, patience, kindness, and all such qualities one could ever desire to express habitually, but there is an infinite abundance of every material thing that one could ever desire to have in order to express his individuality.

So, the reason that so many people do not have the above in abundance is not because there is any shortage, it is simply because they are not aware of how to push the right button of appropriation.

All things that one desires are available to one who understands the “Laws of Appropriation.” In other words, there is a simple set of rules by which all things are obtained, which anyone who really wants to learn them can learn and then be whatever he wants to be and have whatever he wants to have. If you will learn the ideas contained in this message and use it, we guarantee that you will realize your most cherished dreams.

11 Questions and Tips to Figure What You Want Out

1. What makes you happy?

2. What are your needs? 

3. What are your personal values? 

4. What gives you purpose? 

5. What activities put you in a flow state?

6. What would you do if there were no limits?

7. Who do you admire or get jealous of?

8. How do you envision the patterns of your life?

9. What don’t you want?

10. What are your greatest accomplishments in life?

11. Are you willing to work hard?

Some Other Questions You May Ask Yourself

  • What would I rather be doing?
  • Who do I want to spend my time with?
  • Who do I want to help?
  • Am I in the right location to do what I want to do?
  • What am I willing to sacrifice to achieve my goal?
  • How do I define a “good life?”

12 Wheel of Life Questions That May Help You Discover What You Want

  1. How do you feel about your life as you look at your Wheel?
  2. Are there any surprises for you?
  3. How do you currently spend time in these areas?
  4. How would you like to spend time in these areas?
  5. What would make that a score of 10?
  6. Describe to me what a score of 10 would look like in that area?
  7. Which of these categories would you most like to improve?
  8. How could you make space for these changes in your life?
  9. What help and support might you need from others to make changes—and be more satisfied with your life?
  10. What change do you want to make first?
  11. So, what is the smallest step you could take to get started?
  12. If there was one key action that would begin to bring everything into balance, what would it be?

Consider a Wheel of Life Assessment

The Wheel of Life is a tool to help you explore where you are in your life right now and where you would like to be in the future.

This free assessment provides you a complete view of your life across the most common domains of living. Use this opportunity to reflect on where you are doing well, where you have opportunities for growth, and how you move forward to achieve your goals in life.

  • Career
  • Money
  • Health
  • Relationships
  • Personal Growth
  • Fun & Recreation
  • Physical Environment
  • Spirituality

Introduction to the Wheel of Life Assessment

The Wheel of Life  is one of the most versatile coaching tools in your toolbox. It can be adapted to help you in almost any coaching situation. We think the wheel of life assessment is the ultimate coaching tool; simple and easy to use—and endlessly flexible. So if you’re ready to learn new ways to understand your life use this powerful and fun tool!

The Key Wheel of Life Categories

  1. Family and Friends: I usually split “Family and Friends” into “Family” and “Friends”. I do this for myself, and also offer it as an option to my clients.
  2. Significant Other: Other category name ideas include “Dating” or “Life Partner”.
  3. Career: “Motherhood”, “Work” or “Volunteering” are alternative labels you could use.
  4. Finances: Other label name ideas include “Money” or “Financial Security”.
  5. Health: The category name could be split into “Emotional” and “Physical”.
  6. Home Environment: This category can change to “Work Environment” for career or business clients.
  7. Fun & Leisure: The category name could change to “Recreation”.
  8. Personal Growth: The category name could be “Learning” or “Self-Development”.
Example of How to Score the Life Balance Wheel

How to Take the Life Balance Wheel Assessment

  1. Review the 8 categories on you Life Balance Wheel. If necessary they can split or rename category segments to add in something that is missing, or make it more meaningful for them.
  2. Rank you level of satisfaction with each area of you life by drawing a curved line across each segment (see image for example). Scoring is between 1 (very dissatisfied) and 10 (fully satisfied). TIP: We will demonstrate how to draw the line and add each score to their wheel.
  3. The new perimeter of the circle represents their “Wheel of Life”. Look at your completed wheel and answer, “If this was your Wheel of Life, would it be a bumpy ride?”
  4. Finally, identify at least one action for your life to work on to improve their scores on the wheel—and improve their life balance.

The Wheel of Life Exercise Works

The Wheel of Life Assessment works because it gives an instant helicopter overview of how you feels about your life. The scores in each area are a “gut” feel—what their instincts tell them—and not the “should” answer yoiu usually give.

We’re all so busy these days, it’s often hard to know how we really feel. We can look at our lives and say, “Oh yes, I’m happy”. But are we really? Because when we get into the detail of our lives and really see what’s there, there are always dis-satisfactions and areas that can be improved. Sometimes these are small, and sometimes they’re larger issues we’re so used to that we’ve stopped noticing them.

It’s the visual scoring on the life wheel that enables both you and your coach to see which life areas you feel good about—and which may need some work. And this feels authentic, empowering and good! Because from here we can work with you to make changes—and improve your quality of life.

For the most powerful results, your coach will then dig deeper into your answers using coaching questions to discover what specifically is getting in the way of a your ease and happiness. Then the final step is to use the life wheel to brainstorm ideas and come up with an action plan.

TIP: When action planning, prioritize the areas of life that have the lowest scores, identifying actions to raise those satisfaction levels.

11 Ways We Use the Wheel of Life Assessment to Help You Get What You Want

  1. In a sample session with a prospective client. Often potential clients are unclear on exactly what they want a coach to help them with. Sometimes prospective clients are shy to share personal issues with someone they’ve only just met. The life balance wheel is a great way to build trust in the coaching process. It gives an overview of how satisfied you are with your life, and also demonstrates the power of coaching and self-inquiry.
  2. To set and prioritize goals. Sometimes a client wants life coaching, but doesn’t know where to start! A completed Life Wheel can help you choose areas to set goals around. These are usually, but not always, the segments with lower satisfaction scores. The relative satisfaction scores can also be used to prioritize which goals to work on first.
  3. Demonstrate progress and the power of coaching. We do a wheel of life assessment with all new clients. Then we score the wheel again after about 3 months. The client’s life satisfaction scores have almost always increased—sometimes dramatically. This makes the Life Wheel a great way to demonstrate progress in a coaching relationship!
  4. As a Life Check-in. The Life Balance Wheel makes a great ‘any time’ tool to do a quick “check-in” with our clients. This can be how they’re feeling about their life today, this week or month. And once the client knows how to complete the wheel of life assessment, empower our clients to use it themselves and see what areas of their life might need a tweak!
  5. As a diagnostic tool to look for sources of stress or dissatisfaction. When a you feels unhappy, frustrated or down, the life wheel scores makes a great start point for discovering what might be bothering you. Where do you have low scores? What might be underneath that? Which segment is most impacting your stress?
  6. In a coaching program. Any time we start a coaching program with a client—whether it’s group or individual coaching—the Wheel of Life is a great way to “take stock” of a participant’s current life situation.
  7. In Workshops. The Life Balance Wheel makes an excellent introduction to any life coaching workshop. It’s also a great tool to help you understand where your stress is coming from in a stress management workshop.
  8. Use the Wheel of Life Assessment to help you envision how you would like their life to be. Using the 8 Wheel of Life categories, we ask you to write in each wheel segment what you would like your life to look like. You could also draw or cut out and paste pictures into each life wheel segment.
  9. Coaching Wheels can be a way to “test” which goals are most meaningful for you. We ask you to score each of their goals according to whether it improves their satisfaction in each of the 8 life wheel categories.
  10. We customize the Wheel and adapt it to whatever thorny problem you are having! Simply grab a blank coaching wheel and ask you to add the 8 biggest things stressing you out right now. Then score out of 10 how stressful each thing is. Or we try asking you to label the segments with 8 key things that make you a good mom/dad/leader/friend. Then you score yourself according to how well you think you are doing in each area, and wrap-up by creating an action plan to move forwards.

Why Clients Love the Wheel!

We think it’s popular because it gives people an instant helicopter view of their life. This knowledge allows you to see for yourself which areas of your life feels good—and which needs working on. This is empowering! It allows you to make different choices as to where you focus your time and energy for a more satisfying life.

But consider that the wheel is also a powerful and ancient symbol—deeply embedded in the human psyche. It implies movement, the cycle of life, change, the opportunity to steer your life, balance, sustenance and more. And this symbolism runs deep in our consciousness.

Key Considerations for Using the Life Wheel to Get What You Want

We know that life balance is personal and unique to each individual: what is satisfying or balanced for some may be stressful or boring for others. And at the core of the Wheel of Life Assessment we’re raising our client’s awareness. And it’s this awareness that allows you to plan a more satisfying life that’s closer to your own unique definition of balance.

Remember that life balance is not a one-time thing

It’s helpful to assess balance with you—over time. A regular check-in (with the Wheel of Life Assessment) can highlight useful patterns and help you learn even more about yourself. We can do this with your, or give it to your as homework to do yourself.

Remember that balance is rarely achieved for long—our lives shift and change often. So it’s helpful to remind you that the goal is not to “achieve” life balance. Instead, the idea is to ensure you are moving “towards” rather than away from it.

Balance and Self-Care Are Under-Rated Practices in Our Society

We find it strange that balance and self-care (that makes us feel good and perform better) is so dismissed and ignored.

And as coaches we are perfectly positioned to help you take better care of yourself. But be prepared to meet resistance and discomfort as we go against societal norms, and encourage you to rest, have more fun in life—and follow your heart.

The Wheel of Life Assessment Wrap-up

The Wheel of Life Assessment is an extremely powerful tool, giving you precious insight into yourself. And this understanding gives your the clarity—and motivation—to make changes and improve your life.

The Life Wheel makes a great in-session coaching tool to understand your life situation and brainstorm ideas. It makes excellent homework. And it also makes a great webinar/workshop exercise or take-home handout.

And of course, a blank wheel can be adapted (through labelling the wheel segments differently, or simply asking coaching questions to delve deeper) to pretty much any coaching situation.

And remember that what turns the Wheel of Life Assessment into a power tool is when you and your coach explore your results more deeply.

Using a Life Wheel helps us create a long and meaningful relationship between your coach and you.

Thinking into Results to Get What You Want

When you’re doing something that’s out of the ordinary, your mental programing, your paradigm, will try and stop you. If you want to win, you must keep going. Your paradigms may be masked in complacency, fear, worry, anxiety, insecurities, self-doubt, mental hurry and self-loathing―the result is keeping you STUCK….locked in a box and starved of your dreams and ambitions.

To change your life―you MUST start “Thinking into Results” change your paradigm. The change is not easy, but it’s worth it, and the results are lasting. We will show you his proven methods for doing so. This coaching will synthesize our decades of study, application, and teaching to:

  • Explain what “Thinking into Results” and changing paradigms are and how they guide every move you make
  • Teach you how to identify your paradigms
  • Show you how to make your own Paradigm Shift
  • Help you transform your finances, health and lifestyle when you “Thinking into Results” and change your paradigm
  • Guide you on how to replace a paradigm that doesn’t serve you well with a new one that frees you to create the life you really want

We will break through the myth many people have about success―that long hours and hard work are sufficient to achieve lasting success. Because without “Thinking into Results” and changing your paradigm, no amount of hard work and long work hours will make a measurable, lasting difference in your success.

The Andrew Carnegie and Power of Thought Formula

This formula acts as a blueprint for personal and professional success, complete with detailed strategies, techniques and examples.

Focused on the premise that “thoughts are things,” the information extols you to let positive and successful thoughts permeate your mind, so that they can “influence both your conscious and subconscious.”

By managing and controlling your dominating thoughts, you’re better able to steer your way towards greater success – and riches – in all aspects of your life.

To accumulate any form of success in great abundance, you need to “magnetize” your mind with an intense desire, create a definite plan, and believe that you’re able to do so. This is where the Carnegie Formula come in.

#1 Desire

Your starting point for any achievement is desire. To turn any desire into “gold,” Hill suggests six practical steps:

  1. Fix in your mind the exact amount of money that you desire.
  2. Determine exactly what you intend to give in return for the money you desire.
  3. Establish definite date when you intend to possess the money you desire.
  4. Create definite plan for carrying out your desire, and begin at once, whether you are ready or not, to put this plan into action.
  5. Write out a clear, concise statement of the amount of money you intend to acquire, name the time limit for its acquisition, state what you intend to give in return for the money, and describe clearly the plan through which you intend to accumulate it.
  6. Read your written statement aloud, twice daily, once just before retiring at night, and once after arising in the morning. As you read – see and feel and believe yourself already in possession of the money.

#2 Faith

Faith is the “eternal elixir” which gives life, power and action to the impulse of thought! – Napoleon Hill

Considered the most powerful of major positive emotions together with love and sex, faith can be strengthened through the principle of autosuggestion. It is a state of mind which can be built through positive thoughts mixed with strong emotions.

To clear your mind of fear, doubt and unbelief, Hill proposed the following faith affirmations to build your self confidence (abridged):

  • I know I have the ability to achieve the object of my definite purpose in life;
  • I demand of myself persistent, continuous action toward its attainment;
  • I realise the dominating thoughts of my mind will eventually reproduce themselves in outward, physical action, and gradually transform into physical reality; therefore, I will concentrate my thoughts for 30 minutes daily on thinking of the person I intend to become and creating a clear mental picture;
  • I know through the principle of autosuggestion that any desire which I persistently hold in my  mind will eventually seek expression through some physical means; I will devote 10 minutes daily to demanding of myself the development of self-confidence;
  • I have clearly written down a description of my definite chief aim in life; and I will never stop trying, until I shall have developed sufficient self-confidence for its attainment;
  • I will engage in no transaction which does not benefit all whom it affects. I will succeed by attracting to myself the forces I wish to use, and the cooperation of other people. I will induce others to serve me, because of my willingness to serve others;
  • I will eliminate hatred, envy, jealously, selfishness, and cynicism, by developing love for all humanity;
  • I will cause others to believe in me, because I will believe in them, and in myself;
  • I will sign my name to this formula, commit it to memory, and repeat it aloud once a day, with full faith that it will gradually influence my thoughts and actions so that I will become a self-reliant, and successful person.

#3 Autosuggestion

Autosuggestion rides on the power of self-suggestion to reach the subconscious mind and influence it with positive thoughts.

In contemporary parlance, it is known as the power of visualisation – a technique used by coaches everywhere to “trick” your subconscious mind into believing in a possibility through repeated instruction.

Here’s how Hill suggests it can be done:

  1. Find Ideal Environment: Look for a quiet spot where you will not be disturbed
  2. Close Eyes and Repeat Aloud: State the written statement of how much money you desire, the time limit for its accomplishment, and the description of the service or product you intend to give for the money.
  3. RepeatDo this morning and night until you can see in your imagination the money you wish to accumulate.
  4. Written Copy: Place a written copy of your statement where you can see it night and morning, and read it just before retiring and upon arising until it has been memorised.

#4 Specialized Knowledge

Knowledge is only potential power. It becomes power only when, and if, it is organised into definite plans of action and directed to a definite end – Napoleon Hill

Knowledge in a specialised and valuable field is where power and wealth can be found.

According to Hill, knowledge will not attract money unless it is organised and intelligently directed through practical plans of action to the definite end of accumulation of money.

To deepen your specialised knowledge, you should spend your time and money on both formal and informal education. This can be done by selecting highly specialised courses in the subjects that you wish to focus on.

#5 Imagination

Touted as “the workshop of the mind,” imagination can be classified into two distinct forms:

  • Synthetic Imagination: The ability to arrange old concepts, ideas, or plans into new combinations. This harnesses your experience, education and observations, and is mostly used by inventors.
  • Creative Imagination: This is where the finite mind of man communications directly with Infinite Intelligence. It is represented through “hunches” or “inspirations” received by the subconscious.

Like any organ or muscle, your imagination can only be more alert with use. To strengthen your ideas generating mind machine, you need to have a plan.

#6 Organized Planning

To turn your abstract ideas concrete, you need a plan for action. This can be done through several steps.

a) Form a Master Mind Group

Ally yourself with a group of like-minded folks for the creation and execution of your plan (or plans). Before doing so, decide what advantages and benefits you may offer the individuals of your group.

Arrange to meet with these members at least twice a week or more often if necessary, and maintain perfect harmony with every team member.

b) Build Your Leadership Capability

Here, Hill describes some of the attributes of leadership which we should all aspire towards:

  • Unwavering courage
  • Self-control
  • A keen sense of justice
  • Definiteness of decision (more later)
  • Definiteness of plans
  • Doing more than being paid for
  • Pleasing personality – leaders can’t be slovenly or careless
  • Sympathy and understanding
  • Mastery of detail
  • Willingness to assume full responsibility
  • Cooperation of others

In the same breath, we should also avoid the failures of leadership:

  • Inability to organise details
  • Unwillingness to render humble service
  • Expectation of pay for what we “know” instead of what we do with that which we know
  • Fear of competition from followers
  • Lack of imagination
  • Selfishness
  • Intemperance (eg losing control through use of alcohol or drugs or other vices)
  • Disloyalty
  • Emphasis of title

c) Apply for Right Position

In this hefty section, we learn about how we should market our “personal services” as an individual to an organisation, and secure the desired job.

Much of it involves sourcing for the right opportunities through multiple channels (job ads, employment agencies, letters of application, personal networks) and creating a perfect “brief” (ie resume and cover letter).

You should also consider the following steps:

  1. Decide the exact job you want
  2. Choose company or individual you wish to work for
  3. Study your prospective employer’s policies, personnel and chances of advancement
  4. Concentrate on what you can give; forget about “a job”
  5. Arrange with an experienced writer to write a good resume summary and cover letter for yourself
  6. Present to the proper person with authority

d) Use the “QQS” Formula

Adopt the following:

  • Quality of service: the performance of every detail, in connection with your position, in the most efficient manner possible, with the object of greater efficiency in mind
  • Quantity of service: the habit of rendering all the service of which you are capable, at all times, with the purpose of increasing the amount of service rendered as greater skill is developed
  • Spirit of service: the habit of agreeable, harmonious conduct which will induce fellow employees and associates to cooperate

e) Conduct a Self Assessment

To avoid the major causes of failure, it is useful to conduct a personal inventory assessment. In the book, we’re given a detailed list of 28 questions which you can ask yourself (you can find a copy here.)

f) Look for Opportunities

Finally, your plan should include taking stock of opportunities to gain wealth. This can be in virtually any industry where market demand outstrips supply.

#7 Decision

Opinions are the cheapest commodities on earth. – Napoleon Hill

Citing procrastination as the greatest enemy of success, the book extols us to make decisions quickly, and to change decisions slowly.

A key factor here is to reach your own decisions, and ignore the opinions of everybody else – the newspapers, gossiping neighbours, family members, friends, and others.

Worthy decisions often require immense courage. However, they’re always worthwhile to act upon.

#8 Persistence

Persistence is the cornerstone of any form of worthwhile endeavour. It allows you to overcome your failures, and to withstand the journey along the long road to success.

There are 4-steps cited in the book:

  1. Definite Purpose: Backed by a burning desire for fulfillment.
  2. Definite Plan: Expressed by continuous action.
  3. Independent Mind: Closed against all negative and discouraging influences, including negative suggestions of relatives, friends and acquaintances.
  4. Friendly Alliance: Forming a Master Mind with one or more persons who will encourage you to follow through with your plan and purpose.

#9 Power of the Master Mind

Defined as “coordination of knowledge and effort, in a spirit of harmony, between two or more people, for the attainment of a definite purpose,” the forming of a Master Mind allows you to multiply your brain power.

Mr Andrew Carnegie’s Master Mind group, for example, consisted of 50 staff members whom he surrounded himself with for the purpose of manufacturing and marketing steel.

By  identifying and enlisting people into your Master Mind group, you can increase your power – here it refers to the organised effort required to enable you as an individual to “transmute desire into its monetary equivalent.”

#10 The Mystery of Sex Transmutation

“When driven by this desire (ie sex), men develop keenness of imagination, courage, will-power, persistence, and creative ability unknown to them at other times.” – Napoleon Hill

This chapter invariably confounds readers. What it seeks to communicate, is this:

Can you convert your energies, emotional intensity and creativity for sexual expression into a positive force that will bring forth riches?

To do so, consider this two-step approach to transmute your sexual energy in a positive way:

  1. Mental Stimulation: Stimulate your mind so that it functions on a higher-than-average plane, using the same intensity and desire of a sexual encounter.
  2. Form Perfect Picture: Concentrate on the known factors of your invention, and create in your mind a perfect picture of unknown factors. Hold this picture steady until it has been taken over by the subconscious mind, and then wait for your answer to “flash” by your mind.

“The emotion of sex stands at the head of the list of human emotions, as far as intensity and driving force are concerned… The result of sex transmutation is the increase of thoughts to such a pitch that the creative imagination becomes highly receptive to ideas.” – Napoleon Hill

#11 The Subconscious Mind

To energise and feed your subconcious mind with positive thoughts, you should use autosuggestion to give ‘instructions’ that focuses on the 7 positive emotions:

  1. The emotion of desire
  2. The emotion of faith
  3. The emotion of love
  4. The emotion of sex
  5. The emotion of enthusiasm
  6. The emotion of romance
  7. The emotion of hope

At the same time, you should avoid any thoughts associated with the 7 negative emotions:

  1. The emotion of fear
  2. The emotion of jealously
  3. The emotion of hatred
  4. The emotion of revenge
  5. The emotion of greed
  6. The emotion of superstition
  7. The emotion of anger

An interesting point here involves the power of prayer. Here, it is suggested that if you pray for a thing but have fear as you pray that you may not receive it, your prayer will have been in vain!

#12 The Brain

Equating the brain to a “broadcasting and receiving station for thought,” Hill described how the brain, mind and subconscious works.

Let me extract some of its excerpts below:

“The creative imagination is the ‘receiving set’ of the brain, which receives thoughts, released by the brains of others… When stimulated or stepped up to a high rate of vibration, the mind becomes more receptive to thought which reaches it through outside sources.”

“The subconscious mind is the ‘sending station’ of the brain, through which vibrations of thought are broadcast. The creative imagination is the ‘receiving set’ through which the energies of thoughts are picked up.”

“… the principle of autosuggestion, which is the medium by which you may put into operation your ‘broadcasting’ station.”

#13 The Sixth Sense

Some call this your intuition or “hunch.” Others may call it your “genius” or “muse.”

Whatever (or whomever) your source of inspiration may be, Hill suggests that your sixth sense can be nurtured by cultivating in your creative imagination a team of “Invisible Counselors.” In his case, they included men like John Emerson, Thomas Paine, Thomas Edison, Charles Darwin, Abraham Lincoln, Napoleon Bonaparte, Henry Ford, and Andrew Carnegie.

By forming an imaginary cabinet, you can ‘tap’ the ideas, thoughts and knowledge of these distinguished luminaries in your mind!

Dispelling Negative Influences

Towards the end of the book, Hill elaborated at length about the six basic fears and how these could derail your efforts:

  • The Fear of Poverty:
  • The Fear of Criticism
  • The Fear of Ill Health
  • The Fear of Loss of Love
  • The Fear of Old Age
  • The Fear of Death

To overcome these and all other negative thoughts, he suggests the following practical steps:

  1. Recognise that you have a will-power that can be put into constant use
  2. Recognise that you are susceptible to all the six basic fears
  3. Set up habits to counteract those fears
  4. Recognise that negative influences work through your subconscious mind
  5. Keep your mind closed against all people who depress or discourage you in any way
  6. Clean out your medicine chest, throw away all pill bottles, and stop pandering to your hypochondria
  7. Deliberately seek the company of people who influence you to think and act for yourself
  8. Do not expect troubles as they have a tendency not to disappoint

You might be thinking that the Wheel of Life, Andrew Carnegie Formula and the Concept of Goal-Setting isn’t exactly groundbreaking, but here’s the stark reality: most people don’t know what they want or have a clearly defined set of goals when they start looking for ways to succeed.

More than that, what we are talking about goes far beyond merely having a vision for something greater. You need to build the foundation that will give you the formula, skills and plans you need and allow you to pursue your desires without fear.

1. Fulfill your essential needs

What does it mean to find fulfillment? It all goes back to our Six Human Needs: certainty, significance, variety, love/connection, growth and contribution. These are the deepest needs of all humans, and they drive everything we do. When these basic needs aren’t fulfilled, we get stuck in harmful cycles. Unhealthy relationships. Destructive habits and addictions. Unfulfilling careers. Lives filled with fear instead of joy.

To break these cycles and achieve what you want in life, you must break these cycles by fulfilling your essential needs first. Surround yourself with good people. Build authentic relationships. Discover your values and create goals aligned with your truest self.

When your needs are met through healthy relationships and lifestyle, you’re able to operate at your peak and give more fully of yourself. When you’re thriving, pursuing what you want enriches your life and the lives of others.

2. Overcome your limiting beliefs

Now that you’ve fulfilled your essential needs, you can focus on your limiting beliefs. These are the stories you tell yourself about the way you are and the way the world is.

Such beliefs are often formed in childhood, based on how we were taught to earn the love we desired most – or if our needs went entirely unfulfilled. These beliefs are deeply ingrained, but that doesn’t make them true. You can change your story, and when you do, you’ll change your life.

The fear of failure is often connected to limiting beliefs that you don’t deserve success, or that you’re not strong enough to survive failure. Relationships that don’t last are connected to beliefs that you don’t deserve love or a fear of being rejected when you show vulnerability. If you can’t seem to advance in your career, you may hold beliefs that you’re not skilled, leading to confidence issues.

Once you’ve identified these beliefs, you can be on the lookout for the negative self-talk that creeps into your inner monologue. Replace these negative thoughts with empowering ones that help you get what you want instead of holding you back.

3. Adopt empowering habits

Ultimately, your mindset is the basis for how to get what you want in life. If you let your circumstances, emotions and events outside your control dictate your mindset, you’ll always be distracted from your end goals. But when you learn how to control your mindset, you control your outcomes. One way to do this is to adopt empowering habits.

Meditation calms the mind, and when your mind is calm and centered, you’re in touch with your true desires, so you’re able to make actionable plans to get there.

If you’re new to mindfulness meditation, you can start a practice in just a few minutes a day. By making mindfulness a habit, you’re able to bring greater clarity and self-awareness to your day-to-day life.

Gratitude is another habit that can completely transform your mindset. When you realize that life happens for you, not to you, you’re able to approach challenges as opportunities instead of obstacles. You’ll form a deep belief in yourself and become truly unstoppable.

4. Define your goals

To get what you want, you must first define it. It sounds obvious, yet so many people go through life without defining what they want. With a clear sense of what you want, you’re able to create goals and a step-by-step plan for getting there.

Asking how to get what you want in a relationship, career or project isn’t selfish – it’s what keeps you inspired to grow. And in any collaborative endeavor, asking how to get people to do what you want really means inspiring people to work toward your shared goals. Great leaders inspire action instead of forcing it. They always share an exciting vision as well as specific steps needed to make it a reality.

What is it you really want in life? What is an area in your life that you’d like to change? Is it related to your health? Is there a skill you’d like to acquire? Do you want to create an extraordinary relationship? What about your business or your career – is there something specific that you want to achieve? What in your life do you want to master?

5. Write it down

Write your goals down – not on a computer, but on paper or in a journal. There’s something that happens when we write something down on a physical piece of paper. You become a creator when you write down your goals. You are acknowledging both to your conscious and subconscious minds that where you are right now is not where you want to be. Your brain then makes this distinction and becomes unhappy with the status quo.

One of the strongest incentives is a sense of discontentment. When you’re totally comfortable and relaxed, you’re not going to be inspired to do whatever it takes to make things happen. Discontentment is a power that you want on your side. There is real drive when you find something that you want to move away from. Tension and pressure can serve as powerful drivers of our actions. Use this as a tool to influence yourself so you can start to take actionable steps toward your success. Learning how to get what you want becomes a strategy instead of just a dream.

6. Get clear on the “why”

Now, get crystal clear. Write out the details: How would achieving this goal make you feel? What would it mean to you to get what you want? How will it change your life? When you’re clear on why your desires are important to you, learning how to get what you want (or how to get people to do what you want) becomes more natural.

By getting absolutely clear as to why you must achieve your goal, you will find your purpose. And purpose is stronger than outcome. The purpose of a goal is not so you can get the result – it’s what the end result will make you as a person. Learning how to get what you want becomes a source of fulfillment, since you’re acting in alignment with your passions.

Knowing this purpose will help keep you laser-focused, and it will help get you through the rough times. If you create a strong enough “why” to keep you going, you will have the fuel to endure anything that comes your way. Realize that material objects or a certain title will not make you happy. The only thing that will make you happy is the person you have become and what you have created in your lifetime.

So what are the reasons that you must achieve your goal? How will it change your life for the better? What lies underneath your surface aspirations?

7. Find absolute certainty

It’s perfectly okay to have no idea how to get people to do what you want or a strategy for achieving your goal. And it’s perfectly okay to set goals that go beyond your present ability or skill. What’s important here is that you operate from a place of absolute belief and faith.

Frame your goals with absolute certainty – that no matter what, you will find a way to make it happen. This is crucial for accomplishing your goals. Even if it seems impossible to you now, you know in your core that you can pull it off. When you have that fundamental belief, you will be taking back control of your life. So even though you may not be able to control the outside world or the challenges that come your way, you know that you will persevere and overcome.

So many people give up prematurely because they focus on the outcome and then stop and tell themselves, “I don’t know how to do that” or “I could never achieve that.” Or they fail along the way and decide to quit because it seems easier than trying again. What if you didn’t have to figure out how to get what you want , but rather believe that you will figure it out no matter what? That achieving your goal is not only within the realm of possibilities, it is an absolute certainty? Just imagine how that could change your life right now.

8. Deliberate practice and repetition

Think about the greatest coaches of all-time: Vince Lombardi and John Wooden, for example. They were famous for teaching the fundamentals to individuals who were already the best at what they did. And they did it over and over again. Why? Because repetition is the mother of skill.

To master how to get what you want, you cannot set goals one time, never look at them again – and then expect long-term results. Your subconscious mind may know the general direction to move in, but the power comes from daily practice and constant review.

People looking for a quick fix will never achieve mastery. Reaching your goals takes focus and deliberate practice: You have to repeat skills over and over again in order to get what you want. In personal and professional settings, you must practice the skills of empathy and respect before you’ll ever be able to learn how to get people to do what you want.

If it’s a new skill you want to acquire, learning how to utilize a deliberate practice strategy is a key part of becoming comfortable within your new practice. If you’re looking to achieve more in your business, then determine the core processes you need to shift and execute those on a regular basis. What about bringing more joy and passion into your relationship? Intimacy is a daily practice.

If you want to master anything you have to ingrain it into your system. And practice is a key part of that. Remember, consistent practice and constant focus – this is what will result in a profound and lasting impact on your life.

Mastering how to get what you want in life isn’t easy – if it was, everyone would be joyful and fulfilled. Getting what you want takes time, commitment and clarity of purpose. We are all capable of accomplishing the things we dream of; we just have to decide to go after these goals with everything we have.

Are you ready to take control of your life and go after what it is you really want? Start today, and set the future version of yourself up for success. Discover the driving force behind your goals to master how to get what you want in life. Contact us now!

Reitenbach-Kissinger Institute
Sydney and Michael
Text: 650-515-7545
Email: mjkkissinger@yahoo.com

Review: mksmasterkeycoaching.com

By: Michael Kissinger

Helped Over 5000+ Businesses Generate $1 Billion Offering Result Only Coaching: Exceptional Profit Results-Proven Strategies and Universal Law Skills Every Business Owner Wants to Achieve Their Essential Transformation

Are You Utilizing the Wealth Preservation Strategies of the Rich to Protect Your Assets from Predators, Sharks or Courts?

Simple, Straight Forward, Easy, Elementary, Proven Wealth Building Strategies and Assets Protection Techniques for You to Retire Rich and in Comfort

Understanding the Benefits of Asset Protection

Asset protection is a legal strategy that is used to safeguard assets from anyone who wants to have a part of your estate. Some of the benefits of asset protection include:

  • Protecting your assets: It can help you protect your assets from creditors, lawsuits, and other risks, which can be especially important if you are in a high-risk profession or have a significant amount of assets.
  • Reducing legal fees: It assists you with reducing legal fees by minimizing the risk of lawsuits and other legal challenges.
  • Maintaining control: It gives you better control over your assets, rather than having them tied up in legal battles.
  • Maximizing your wealth: It allows you to maximize your wealth by minimizing the impact of legal fees, taxes, and other costs on your assets.
  • Ensuring financial security: Most importantly, it provides financial security for you and your family, helping to protect your assets for future generations.
  • It’s important to note that asset protection is a complex legal area, and it’s always a good idea to work with an experienced attorney to ensure that your assets end up in the right hands.

Asset Protection Strategies to Consider for Your Protection

There are several asset protection strategies that can be used to safeguard assets. Some common asset protection strategies include:

  • Setting up trusts: A trust is a legal document intended to transfer legal control of assets from one party (the trustor) to another party (the trustee). This is done to ensure the contents of the trust are distributed to the beneficiaries of the trustor if the trustor becomes unable to disburse the contents on their own due to severe illness, incapacitation, or death. The trustee is required to manage the contents of the trust for the benefit of the beneficiaries according to the directions set forth by the trustor.
  • Creating limited liability entities: Limited liability entities, such as limited liability companies (LLCs) and corporations, can be used to protect assets by separating personal assets from business assets. This can help to limit liability in the event of a lawsuit or other legal challenge.
  • Transferring assets to family members: Transferring assets to family members, such as children or spouses, can be an effective asset protection strategy, as it can be more difficult for creditors to seize assets that are held by family members.
  • Establishing offshore accounts: Establishing offshore accounts, such as foreign trusts or corporations, can be an effective asset protection strategy, as these accounts may be subject to different laws and regulations that make it more difficult for creditors to access assets.
  • Using insurance: Insurance can be an effective asset protection strategy, as it can help to cover the cost of legal fees, damages, and other losses in the event of a lawsuit or other legal challenge.

Why You Need Asset Protection

Having asset protection is critical to protecting your assets from creditors. There are many circumstances in which your assets can be attached or garnished by creditors, including if you file for bankruptcy, get a divorce, or are in a civil lawsuit.

It’s important to consider these circumstances before they occur, If you don’t protect your assets properly, you could lose them.

Asset Protection Caps for IRAs

Contributions and earnings in your traditional or Roth individual retirement accounts (IRAs) have an inflation-adjusted protection cap of $1 million against bankruptcy proceedings.

In addition, amounts rolled over from qualified plans, such as 403(b) and 457 plans, have unlimited protection. However, this protection only applies to bankruptcy, not to judgments awarded in other courts like if someone was injured due to your actions.

Protection also does not include judgments for most domestic relations lawsuits, such as child support. In such cases, state law must be consulted to determine whether any protection exists and to what degree.

Many U.S. laws protect assets in the event of lawsuits, bankruptcies, and collection agency actions.2 You can also purchase an asset protection plan.

Qualified Retirement Plans

Assets in employer-sponsored plans have unlimited protection from bankruptcy, regardless of whether or not the plan is subject to the Employee Retirement Income Security Act (ERISA).

This includes SEP IRAs, SIMPLE IRAs, defined-benefit and defined-contribution plans, 403(b) and 457 plans, and governmental or church plans under the Internal Revenue Service (IRS) code section 414. Amounts in your SEP IRA from regular IRA contributions are currently subject to a $1,512,350 limitation. This amount is adjusted for inflation every three years.3

ERISA plans are also protected in all other cases, except under qualified domestic relations orders (QDRO)—where assets can be awarded to your former spouse or other alternate payees—and tax levies from the IRS. 

For this purpose, a qualified plan is not considered an ERISA plan if it covers only the business owner. The protection for owner-only plans is determined by state law.

Homesteads

Homestead exemption is a legal exemption in many states that protects a home from creditors following the death of a spouse or during bankruptcy.

The amount of protection you have for your home varies widely from state to state. Some states offer unlimited protection, others offer limited protection, and a few states provide no protection at all.

Annuities and Life Insurance

Asset protection for annuities and life insurance is determined by state law. Some protect the cash surrender values of life insurance policies and the proceeds of annuity contracts from attachment, garnishment, or legal process in favor of creditors.6

Other states protect only the beneficiary’s interest to the extent reasonably necessary for support. There are also states that do not provide any protection. 

How to Plan for Asset Protection

You can plan for asset protection in several ways. The key is to create as many obstacles as possible for creditors before they can legally claim rights to your property. Here are several ways to protect your assets.

Asset Protection Trusts

Several states, including Alaska, Delaware, Hawaii, Michigan, Mississippi, Missouri, Nevada, New Hampshire, Ohio, Oklahoma, Rhode Island, South Dakota, Tennessee, Utah, Virginia, West Virginia, and Wyoming, allow asset protection trusts (APT), which are a type of irrevocable trust.

Asset protection trusts offer a way to transfer a portion of your assets into a trust run by an independent trustee. The trust’s assets will be out of the reach of most creditors, and you can receive occasional distributions. These trusts may even allow you to shield the assets for your children.

The requirements for an asset protection trust are:

  • It must be irrevocable.
  • The trustee must be an individual located in the state, or a bank or trust company licensed in that state.
  • It must only allow distributions at the trustee’s discretion.
  • It must have a spendthrift clause.
  • Some or all of the trust’s assets must be located in the trust’s state.
  • The trust’s documents and administration must be in the state.9

If you are considering an asset protection trust, consider working with an attorney who is experienced in this field. This way, you can ensure your trust meets regulatory requirements.

Accounts-Receivable Financing

If you own a business, you could borrow against its receivables and put the money into a non-business account. This would make the debt-encumbered asset less attractive to your creditors and make otherwise accessible assets untouchable.

Stripped-Out Equity

Another option for protecting your assets is to pull the equity out of them and put that cash into assets that your state protects. Suppose, for example, that you own an apartment building and are concerned about potential lawsuits. If you took out a loan against the building’s equity, you could place the funds in a protected asset, such as an annuity (if annuities are sheltered from judgments in your state).

Family Limited Partnerships

Assets transferred into a family limited partnership (FLP) are exchanged for shares in the partnership.

Because the FLP owns the assets, the assets are protected from creditors under the Uniform Partnership Act (UPA). However, you control the FLP and thus the assets. There is no market for the shares you receive, so their value is significantly less than the value of the asset exchanged.

Other Asset Protection Strategies

Here are some other inexpensive, simple ways to protect your assets:

  • Transfer assets to your spouse’s name. However, transferring assets to your spouse could have consequences if you divorce.
  • Put more money into your employer-sponsored retirement plan because it might have unlimited protection.
  • Buy an umbrella insurance policy that protects you from personal injury claims above the standard coverage offered by your home and auto policies.
  • Make the most of your state’s laws regarding homesteads, annuities, and life insurance. Paying down your mortgage, for example, could protect cash.
  • Don’t mix business assets with personal assets. That way, if your company runs into a problem, your personal assets may not be at risk.

What Trust Is Best for Asset Protection?

An irrevocable trust like an asset protection trust can help keep your assets protected from creditors. An irrevocable trust is a trust that the grantor cannot change. It can also help your heirs avoid probate.10

Can You Withdraw Money From an Irrevocable Trust?

An irrevocable trust is designed to restrict the grantor from changing it. Once you transfer money into the trust, you cannot remove it. If you are the trustee, you can make necessary withdrawals to cover expenses.7

What Does an Umbrella Policy Not Cover?

An umbrella policy is an insurance policy that provides extended liability coverage, but it does not cover damage or destruction to your own property. It covers the cost of injury to another person or damage to their property.

Your Assets Lost

You’ve worked hard to build a nest egg: cash, investments, properties, and more. But all these assets could be lost in an instant through a lawsuit—even when the lawsuit isn’t your fault.

After you’re gone, similar threats could devastate the assets you leave to your loved ones—often through no fault of their own. 

For example, many people, after inheriting and turning (“transmuting”) their separate property inheritance to community property, find that they lose half when the other spouse decides to divorce the person inheriting.

Let’s look at some key legal strategies you can implement now, before the threat arrives. Indeed, in general these strategies only work if put in place well in advance of trouble.

Here is some expert help in setting up the most complex of asset protection strategies, and we encourage to do it now.

Asset Protection While You’re Alive

Start with protecting your assets while you’re still alive.

For starters, understand that no single solution works for everyone–you really need expert advice for your particular situation.

For example, residents of California have access to a very special financial vehicle called a Private Retirement Plan. A California PRP is much more than a mere financial plan. It includes the creation of a Private Retirement Trust, careful retitling of assets, and a written actuarial plan—all of which must be created by professionals. Read more about PRPs here.

Beyond PRPs, you can structure a variety of irrevocable trusts, charitable trusts or LLCs (particularly LLCs for investment real estate), in which you do not directly own assets, yet retain control and benefits–potentially putting them out of reach of creditors and predators.

Another important action to protect your personal assets during your lifetime may be the creation of a Prenup or Postnup with your spouse. Personal circumstances may require very different strategies, and again, we invite you to contact us to learn about these special strategies.

Asset Protection After You’re Gone

Here’s a disaster seen all too often: An inheritance which required a lifetime to accumulate is taken by a predator, creditor, or divorce after it transfers to a loved one.

You or your loved ones may not even see the threat coming. Lawsuits are at an all-time high. Divorce hits at least half of marriages. And (partly thanks to Covid-19), bankruptcies became pandemic in recent years.

Any inheritance, but especially a significant inheritance, can become a target. Unless you take important legal steps to protect your loved ones and your legacy before you pass away, your legacy may well be lost, and lost quickly. Here in California, inheritance asset protection may be especially vital.

Inheritance Asset Protection strategies go well beyond creating a Living Trust or designating beneficiaries on a bank form. Protection strategies add only a little extra work to the estate planning process, but they can prove highly effective. Many who create a PRP (see above) during their lifetime can pass to their loved ones similar asset protection when they pass away.

Imagine the following tragic asset protection scenarios:

Just 1% at Fault, but Taking 100% of the Hit

Upon your death you leave your house ($650,000), a bank account ($25,000), and your remaining IRA funds ($325,000) to your daughter, let’s call her Eileen. Indeed, all these wonderful assets transfer directly into Eileen’s name.

Eileen is smart and diligent, and by the time of your death she’s attained a high level of financial responsibility. A few months after your death, she’s driving in Los Angeles, California when a teenage drunk-driver runs into her car, pushing her car forward and causing her car to hit a pedestrian. Eileen is ok, but the pedestrian is badly injured and brings a lawsuit against both the drunk driver and Eileen. The judge affirms the pedestrian’s damages are $1 million, and a jury determines that the drunk driver is 99% at fault and Eileen is just 1% at fault for the accident.

So far this sounds like justice. But what happens if that drunk driver cannot pay his 99% of the damages? In California, this scenario can stick Eileen with 100% liability for the $1 million damagesbecause she can pay; even though it was determined she was just 1% at fault. No kidding.

Creating asset protection for retirement accounts has become more important than ever.

And now, guess what? The pedestrian gains access to the house you left behind, along with the bank account and IRA you lovingly left Eileen –because she is now the legal owner of those assets. Disaster has truly struck.

And perhaps you are beginning to see that when it comes to asset protection, California can be a special kind of minefield.

Bankruptcy Trustee Goes After the Goods

Here’s another possible scenario. You die with a $1 million estate which you successfully leave to your responsible son, Trevor. Trevor is a respected local business owner with a popular restaurant held in his name. He held the business as a sole proprietor, but he didn’t keep much in the bank, and if his business were to fail, he could have effectively walked away.

Suddenly, after years of success, a viral pandemic sweeps through the country, prohibiting townsfolk from socializing publicly, and decimating the dining industry.

Trevor’s restaurant survives for a bit, but after months of lost income, he is forced to file for bankruptcy. Only now you’ve provided him with money in the bank. A Bankruptcy Trustee is appointed and requires Trevor to use your $1 million legacy to satisfy the restaurant’s creditors.

Son-in-Law Cuts Out and Takes Half

Your daughter Tamma and her husband Mike are happily married and living in California when you pass away. Tamma inherits your estate, and she uses half of your generous inheritance to pay off the mortgage on the house she and Mike own together. The other half is transferred to their joint bank account. So far, so good.

Except that five months later, Mike is unfaithful, and the marriage falls apart. Indeed, it’s Mike who files for divorce—maybe because he sees that he can now cash in.

When he files, he argues that as part of the Marital Settlement Agreement, he is now entitled to one-half of the assets acquired with Tamma’s inheritance, because Tamma commingled her inherited assets with him over the last five months, and as a result, the assets became community property.

Mike prevails in California Family Court and walks away with one-half of the inheritance you worked so hard to provide your daughter.

How Can I Protect an Inheritance Against an Heir’s Irresponsible Spouse?

What’s a high-maintenance spouse? It’s a husband or wife who really, really likes to spend money, especially your heir’s inherited money. Such a spouse can be found on any rung of the socio-economic ladder—rich, poor, middle-class, it doesn’t seem to matter.

What’s a high-maintenance spouse? It’s a husband or wife who really, really likes to spend money, especially your heir’s inherited money.

Let’s assume, for example, that you plan to leave some money to your daughter, let’s call her Jane. But you know that Jane’s husband, Ted, is a total spendthrift. He’s always spending all the family money on new cars and motorcycles and stuff, and he really, really wants to buy a boat so he can take his friends out bass fishing. A bass boat can cost $300,000.

A good lawyer could set up a trust with Jane as the beneficiary, but Jane herself could not remove any of the money, because someone else would be named the trustee for her funds.

If the million were properly invested, Jane could take out 4.8 percent, or $48,000 a year. The language of the trust could permit Jane to receive $4,000 a month—plenty for Jane to live on in retirement, within her lifestyle.

And since she herself was blocked from accessing the money, her husband could never pressure her for another big purchase.

Some lawyers call a trust like this a “general needs trust,” or sometimes a “dole-it-out trust.” You dole a little bit of money out every month to Jane for the rest of her life. Result: she is protected from a predator.

Can I Protect My Inheritance with a Trust? Redefining Ownership

Each of the asset protection examples—and disasters—above are based on true stories, and each is especially poignant because the children did not commit any wrongdoing. They didn’t even act irresponsibly. Rather, the threats were outside their control, and sometimes the California asset protection laws (or lack thereof) happened to work against their interests.

Just as tragically, in each case good planning by the parents could have prevented the loss.

How? It all lies in the definition of “ownership.”

The secret to effective asset protection lies in structuring an estate so that your heirs will get full control of your assets, but not actually own them. As John D. Rockefeller once advised, it’s best to “Own nothing, but control everything.” That’s because, by law, what you don’t own can’t be taken from you, even it if it is completely under your control.

Control without ownership for your heirs can be created using an Inheritance Protection Trust, or for retirement assets, an IRA Legacy Trust. Both of these asset protection strategies can allow your loved ones to completely control, access, and manage their inheritances while simultaneously enjoying protection from potential creditors, bankruptcy, lawsuits, and divorce.

How Can I Control, But Not Own Assets?

A good asset protection attorney in California can structure an inheritance in a manner where instead of leaving wealth to your loved one directly in their name, the wealth is left in a California trust for asset protection that continues to exist after your death.

You decide who may control the wealth within the trust (the Trustee) and who will benefit from that wealth (the Beneficiary.)

Whether you appoint your loved one or an independent third party to control the assets within an Inheritance Protection Trust, if properly constructed, all the funds may benefit your loved ones while remaining safe from creditors, bankruptcy, lawsuits, and divorce.

One additional benefit of an Inheritance Protection Trust is that the language used to create it can be drafted right in your Revocable Living Trust.

Most people, in particular Californians, already seek to establish a Revocable Living Trust to avoid probate, direct their assets to the proper beneficiaries, and plan for potential taxes upon death. They can add the feature of asset protection by including an Inheritance Protection Trust.

If you already have a trust and are considering an Inheritance Protection Trust, good news! Many people with existing trusts don’t need to start from scratch. In many instances you may need only to formally update your existing trust by creating a Restatement.

A Restatement has the added benefit of bringing all the language of the trust up-to-date—and typically legal fees are lower than starting from scratch.

You may also want to consider the more advanced strategy of a Dynasty Trust.

How Can I Protect My Retirement Account from a Divorce or Predator?

It has become common for a family’s most valuable asset to be a retirement account like an IRA, 401(k), 403(b), or tax-deferred annuity. It used to be that inherited retirement accounts offered some protection from predators.

But in 2014, the United States Supreme Court unanimously ruled that inherited retirement accounts are no longer considered “retirement accounts” subject to protection from the creditors of a beneficiary. The case was called Clark v. Rameker, 573 U.S. 122 (2014), and it has had a devastating impact.

All in all, creating asset protection for retirement accounts has become more important than ever.

For reasons too lengthy to discuss here, an Inheritance Protection Trust is typically only appropriate for non-retirement assets such as a house, cash or stocks – not retirement accounts.

We recommend seeking special expertise in creating a highly specific kind of trust to deal with the complex laws around retirement accounts, called an IRA Legacy Trust.

An IRA Legacy Trust uses several of the strategic concepts found within an Inheritance Protection Trust, but it’s equipped with a sophisticated tax plan to account for the income tax obligations that exist with most inherited retirement accounts.

Importantly, it can also be sited in a state without state income taxes, such as Nevada, even though your beneficiaries may reside in a high-tax state like California.

Combined with the asset protections of “controlling, not owning,” such a trust can allow you to leave a powerful and safe legacy to your loved ones.

Should I Really Try to Protect My Assets After I Pass Away?

It’s impossible to go through all the possible examples or asset types here. You need to ask questions like, “Are annuities protected from creditors in California?”, and “Is a domestic California asset protection trust right for me?” Only a specialized expert can explain how to protect your assets in California.

Any inheritance, especially a significant inheritance, can become a target. Unless you take important legal steps to protect your legacy before you pass away, it may well be lost, and lost quickly.

If you are the kind of person who says, “What do I care? By the time any of this matters, I’ll be gone anyway,” these planning strategies may not be for you.

But if, like most people, you’re looking for a truly savvy solution, and you see the value of providing protection for your loved ones even after you are gone, we encourage you to schedule a consultation with a competent estate planning attorney.

Together you can determine whether an Inheritance Protection Trust or IRA Legacy Trust may be appropriate for you and those you love.

Two Frequently Asked Asset Protection Questions

Q: Do I need asset protection?

A: Whether or not you need asset protection depends on your specific circumstances and the risks you face. Asset protection can be especially important for individuals who are in high-risk professions, have a significant amount of assets, or are facing potential legal challenges. It’s always a good idea to work with an experienced attorney to ensure that your assets are properly protected.

Q: What is the biggest asset protection planning mistake?

A: One of the biggest asset protection planning mistakes that people make is failing to plan ahead. Many people wait until they are facing a legal challenge or other risks before they consider asset protection, but this can be too late. It’s important to think about asset protection before you face any legal challenges, as it can be more difficult to protect assets once they are already under threat.

Another common mistake is failing to seek professional legal advice since asset protection is a complex legal area.

Recommendation

The lawyers and staff at CunninghamLegal help people plan for some of the most difficult times in their lives; then they guide them when those times come.

Make an appointment to meet with them. The have offices throughout California, and offer in-person, phone, and Zoom appointments. Just call (866) 988-3956 or book an appointment online.

Please also consider joining one of their free online Estate Planning Webinars.

They look forward to working with you!

Bottom Line

If you are considering hiring an asset protection service, check with the Better Business Bureau (BBB) before deciding to use any of these services. Additionally, consider consulting with an attorney who is familiar with the laws of your state and who is an expert in asset protection.

If you really want a life or business asset protection that truly helps you or other family members — even if you don’t know how to do it — contact us.

We work with people all over the world. We’ve helped thousands of people start and succeed in protecting their assets.

Join us if you want to change your life, build assets or protect your assets. You’ll never be alone; we will guide and support you every step of the way.

Liberating the Financially Oppressed,

Reitenbach-Kissinger Institute
Sydney Reitenbach and Michael Kissinger

Text: 650-515-7545
Email: mjkkissinger@yahoo.com

Review: mksmasterkeycoaching.com

By Michael Kissinger

Offers Results Only Coaching: Exceptional Profit Results-Proven Strategies and Universal Law Skills in Management, Marketing, Operations, Finance Every Business Owner Wants-Needs to Achieve Their Essential Transformation

Review and His Work: James L. Cunningham Jr., Esq.

Asset Protection and the Corporate Veil: https://www.youtube.com/watch?v=JcXNliHWEEY

Business Owners: How to PROTECT Assets and Cut Taxes!: https://www.youtube.com/watch?v=dFwvfhgrQX4

How to Keep Assets Private & PROTECT them from Creditors: https://www.youtube.com/watch?v=QZ1zqYKuxzA

How Wealthy People Structure Estates to Reduce Taxes: https://www.youtube.com/watch?v=Eu348HN6L_E

FUNDAMENTALS to Get Started on a Living Trust: Estate Tips!: https://www.youtube.com/watch?v=3qSMGl6pKAA

What Should Your Net Worth Be? What Are You Working For?

A Proven Coaching, Plan and System for Your Life’s Financial Report Card, Revenge or Legacy

In this message we will focus on you having a $1 million to $10 million net worth and the U.S. net worth percentiles of what most Americans think the magic number is to be considered rich.

For the record, we believe having at least 10 million dollars is the ideal amount of money to retire early today. Given interest rates have come down over the past 40+ years, the value of cash flow has gone up. Inflation is also pick up.

Retirees and investors need a lot more capital to generate the same amount of risk-adjusted returns.

$10 million can currently generate about $350,000 a year in risk-free income and up to $470,000 in low-risk income based on today’s interest rates and yields. With $350,000+ in income, you should be able to live a wonderful life, especially if you don’t have debt.

Today, in a big city you need about $300,000 to live a middle-class lifestyle with a mortgage and two kids. The question becomes, if you had 10 million dollars, what would you do with it?

Freedom With Your $10 Million

Going through this fun message makes us re-appreciate the value of freedom. If you have all the money in the world, but don’t have the freedom to do what you want, is it really worth being so rich? We don’t think so. Do your best to optimize your life for freedom while discovering what is the minimum amount of money you need to be happy.

Because we already have the freedom to choose how to spend all our time, $10 million doesn’t do much to change our life. However, if we were stuck in a job we didn’t love, then we’re sure we’d negotiate a severance package tomorrow.

It’s kind of sad that 10 million dollars only earns you around $150,000 – $300,000 risk free every year in interest. But $200,000 – $250,000 a year so happens to be the ideal income for maximum happiness, so why not shoot for such a financial nut? Happy saving and investing everyone!

How would you spend $10 million? What is really the point of accumulating so much wealth beyond what you are comfortable spending? Would your way of spending $10 million differ if it took you ages to reach $10 million versus inheriting or winning $10 million? Do you think your life will change much with such a large windfall? 

The IRS allows you to pass on $11.7 million when you die tax-free, and $23.7 million per couple as of 2021. If you’re able to accumulate such levels of wealth, you might as well figure out how to spend or give away every dollar above those thresholds.

What is a Reasonable Net Worth for You?

We believe the best piece of advice came from David Rockefeller, CEO at Chase Bank who said, “told us that it’s not about the money, it’s about the legacy you leave behind. Then he said, “Let’s face it, you will never see a hearse with a luggage rack.”

Schwab’s 2022 Modern Wealth Survey found that “more than eight in 10 Americans (82%) agree that their personal values play an important role in how they manage their finances.”

Almost eight in 10 Americans (79%) say they try to use their purchasing power to support brands that are aligned with their beliefs.”

Seventy-three percent agree that their values also guide their investment choices.

According to Schwab’s 2024 Modern Wealth Survey, Americans said that it takes an average net worth of $2.5 million to qualify a person as being wealthy, a bit of an uptick from $2.2 million in the surveys from 2022 and 2023. (Net worth is the sum of your assets minus your liabilities.)

* People with the top 1% of net worth in the U.S. in 2025 will have $11.6 million in net worth

* The top 2% will have a net worth of $2.7 million

* The top 5% will have $1.17 million

* The top 10% will have $970,900

* The top 50% will have $585,000

According to the most recent Federal Reserve Board Survey of Consumer Finances, which is released every three years and was last updated in October 2023, the median net worth of all families (meaning half made more and half made less) in 2022 was $192,900, and the mean, or average, net worth was $1,063,700.

Are you making $192,900 annually with an average net worth of $1,063,700?

Consider the average family’s net worth by age in 2024, according to the same survey:

* Younger than 35: $183,500

* 35-44: $549,600

* 45-54: $975,800

* 55-64: $1,566,900

* 65-74: $1,794,600

* 75 or older: $1,624,100

According to the previously mentioned 2024 Modern Wealth Survey by Schwab: The generations think to be considered rich you must have….

* Baby Boomers: $2.8 million

* Gen X: $2.7 million

* Millennials: $2.2 million

* Gen Z: $1.2 million

The generations also have different ideas about what average net worth it would take for them to feel “financially comfortable”

* Baby Boomers: $780,000

* Gen X: $873,000

* Millennials: $725,000

* Gen Z: $406,000

* All Americans: $778,000

WHAT NET WORTH DO YOU WANT?

Inflation has been eroding the value of the dollar for years. Quite frankly, a million dollars is not THAT much money anymore.

If you want proof that a million dollars won’t go that far, let us show you what $1,000,000 can buy you today.

You can get an old, run down looking tiny house in San Diego for $1 million. You get “two” bedrooms with 840 square feet, and it looks like an old barn.

This isn’t just a San Diego thing. In San Francisco, a million home is simply the median home price.

You need to start thinking beyond a million dollars—more like $10 million.

If you need more convincing, let’s do the math and we’ll show you a million dollars isn’t even enough to comfortably retire on.

If you retire today at 65 with $1 million in cash (after taxes) and no new income from any source, you would have to live off of $40,000 a year ($3,250 per month) for the next 25 years before you ran out of money.

Consider that assisted living can cost up to $76,000 a year and those twenty-five years are cut to twelve, which means you are just about broke at 77.

And all this assumes no inflation or critical life events: lawsuit, divorce, college for the kids, or heaven forbid even more serious situations like cancer, a car accident, a family member in trouble, death of the breadwinner, economic downturn or loss of a job.

We know the idea that “a million dollars isn’t enough” may be hard for you to swallow, but your opinion doesn’t change the reality: A million dollars is simply not what it used to be. We know first hand how fast an emergency can devastate a household.

WE BELIEVE $10 MILLION SHOULD BE THE TARGET!

$1 million is fine if you have just one year left to live. If you have 30+ years left, you’ve got a problem because you’ll be worried about your little pile of depreciating paper running out so you’ll be forced to live frugally, pinching pennies.

To make your money last longer than your clock, you need much more than $1,000,000. You need more zeros than minutes. That’s the problem with money— time.

If you’re in poverty thirty years from now it won’t be because you’ve bought a latte every day, but because you didn’t think big enough and didn’t produce enough each day.

ACTION STEPS TO REACH A MILLION DOLLAR TARGET

  • Save to Invest,
  • Don’t Save to Save
  • Don’t be a Pretenders Spender!
  • Avoid Debt That Doesn’t Pay You
  • Work Harder but More Importantly Work Smarter
  • Invest in Yourself to Increase Your Income

What Will It Take to for You to Hit Your Target?

Remember $10 million is the new $1 Million.

So now that you know the numbers, what net worth are you shooting for? When do you want to have it? What will you do to get it?

If you really want a life or business that truly helps you and other people — even if you don’t know how to do it — contact us.

We work with people all over the world. We’ve helped thousands of people start and succeed balancing their life or business — even when they didn’t believe it. We can help you, too.

Contact, join us if you want to change your financial life. You’ll never be alone; we will guide and support you every step of the way.

Liberating the Financially Oppressed,

Reitenbach-Kissinger Institute

Sydney Reitenbach and Michael Kissinger

Text: 650-515-7545

Email: mjkkissinger@yahoo.com

By Michael Kissinger

Offers Results Only Coaching: Exceptional Profit Results-Proven Strategies and Universal Law Skills in Management, Marketing, Operations, Finance Every Business Owner Wants-Needs to Achieve Their Essential Transformation

Review: How to Make Your First $1 Million and More

1. MKS Master Key Coaching mksmasterkeycoaching.com

2. How to Turn $5K into $1 Million – Grant Cardone 14:38

3. Charlie Munger: How to Make Your First $1 Million (5 Steps) 9:44

4. Warren Buffett: How to Make Your First $1 Million 14:18

5. 10 Rules For Making Your First Million 8:28

6. Why Your First 100K Is Hard But Your First MILLION Is Easy! 48:54

7. How to Make Your First Million – CardoneZone 15:59

8. 17 Money Secrets To Make Your First $1,000,000 1:19:52

9. How To Make Your First Million Dollars (This Year) | Arlan Hamilton 41:32

10. HOW I MADE MY FIRST $1 MILLION By Age 25 From Nothing: Tips On How You Can Make Your Millions 13:08

11. How Mark Cuban Turned His First $1 Million to $1 Billion | GQ Sports 19:21

12. The FASTEST Way To $ 1 Million Dollars | Grant Cardone 11:20

13. Investing for Beginners – How I Make Millions from Stocks (Full Guide) 3:58

14 Business Skills That Make Millions

15. https://video.search.yahoo.com/search/video?fr=yfp-t&p=What+will+it+take+to+hit+your+first+million#id=3&vid=a291728a90bfdaa53104f0f60c34daab&action=view