by Timothy McNeely | Sep 1, 2023 | Business Success, Dental Wealth Nation, Family, Motivation, Smart Ways, Success
One of the best plans to take from the financial playbook of the Super Rich—those with a net worth of $500 million or more—is to work with professionals to help manage your financial and lifestyle concerns.
But, as the Super Rich know, you can’t stop there. We also need to regularly assess whether the financial advice we get—and the financial solutions we rely on—are truly up to snuff.
The Super Rich regularly takes this step, and so should you. One reason: As your circumstances change, or the world around you changes, the solutions you have in place may no longer be optimal for your needs. “Life happens,” as they say—and strategies that were ideal for you a decade ago might be in need of revision.
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by Timothy McNeely | Aug 1, 2023 | Dental Wealth Nation, Family, Motivation, Smart Ways, Success, True Wealth Report
Chances are, planning for retirement is one of the most important steps—a series of steps, really—that you’ll undertake in your life. Unfortunately, we don’t always put enough focus on making thoughtful decisions during our retirement.
Maybe we overlook something important. Perhaps we veer off course from one or more of our strategies. As a result, much of our hard work and planning during the pre-retirement period of our life can unravel once we enter our golden years—which, in turn, may put our retirement dreams and even our fundamental financial security in danger.
Whether you’re retired or still on the path there, it’s a good idea to learn some moves you can make to avoid big in-retirement financial errors. Here’s a closer look at some of those key mistakes—and how to sidestep them.
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by Timothy McNeely | Jul 1, 2023 | Dental Wealth Nation, Family, Motivation, Smart Ways, Success
The percentage of American adults with strong financial literacy—the ability to understand various financial-related concepts and put them to use—has fallen to historically low levels in recent years.
One example: Just 34 percent of adults showed high levels of financial literacy in 2018—down from 42 percent nine years earlier—based on a financial literacy test offered by the FINRA Investor Education Foundation.
Findings such as this are prompting more families to push for greater financial literacy among kids and other young Americans to help reverse recent trends. And indeed, if you have children or grandchildren, there’s likely a lot you can do to instill some financial smarts in your heirs.
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by Timothy McNeely | Apr 1, 2023 | Dental Wealth Nation, Family, Motivation, Smart Ways, Success
It goes without saying that you play a crucial role in making the decisions that will determine whether you will achieve your financial dreams. That’s why it makes sense to have great clarity about the specific financial issues and concerns that are most important to you and the people you care about. Only then can you take steps designed to address them.
In our experience—and supported by research—we find that affluent investors tend to share five major key concerns about their financial futures. Think about your own financial life as you review the following top concerns. You may have additional issues that are unique to your specific situation, but chances are that many (and maybe all) of these challenges are on your list.
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by Timothy McNeely | Jun 1, 2021 | Motivation, Smart Ways, Success, True Wealth Report
It seems like everyone wants to know what it takes to live fulfilling lives, foster happier families, create and manage stronger teams, and have happier clients. And why not? Can you imagine a life where all those outcomes are a reality?
The good news: There’s a way to pursue those results that research has shown works. The key to it all is connectedness—a concept pioneered and championed by world-renowned psychiatrist Dr. Ned Hallowell. Connectedness is the feeling of being part of something larger than yourself that matters to you. It can be a major driver of your success in your life, your work and (if you’re an entrepreneur) your company.
Connectedness is one of those topics that can look “soft” on the surface but is in fact rooted in science and research.
- The warmth of relationships throughout life has the greatest positive impact on life satisfaction, according to the Grant Study.
- People who are isolated face a 50 percent greater risk of premature death than those who have stronger social connections, according to the T.H. Chan School of Public Health.
- Lack of connection with others can damage the immune system, according to a study out of the University of California, Los Angeles.
There are three elements of connectedness that Dr. Hallowell suggests we all focus on. (more…)
by Timothy McNeely | Apr 1, 2021 | Dental Wealth Nation, Motivation, Smart Ways
When COVID-19 first hit, closures and lockdowns made virtual resources the only way to see certain sites—drawing in viewers to virtual zoo tours and the like. A Forbes article reported that the number of searches for the term “virtual tour” soared from 1,300 in February 2020 to nearly 10,000 the following month, when cities and countries began locking down. (more…)
