Proving the Power of Savings in the Maximum Potential Calculator

The Currence App is going to be a game changer for clients and advisors alike. Not only does the app teach people how to save first using a financial “reservoir,” it positions advisors as the go-to when a client has reached their target. That means they’ll look to you to help them make money moves and create even greater protection, liquidity, and cash flow.  How Does Currence Work as the Client? When a client enrolls in Currence, they are prompted to establish a new, secure, and interest-bearing bank account. Then,

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Implement “Who Not How” in Your Financial Practice

The role of a financial advisor is, in large part, to help your clients solve problems. They come to you because they want to solve some pieces of their financial puzzle, and they believe you can help. This is an excellent example of “who, not how.” You cannot be all things to all people, and there are going to be times when you have problems to solve, or you’ll encounter other people’s issues that you cannot solve. And so often, the question is not, “How do I solve this problem?”

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Truth Quotes, Part 6

Earlier this month, we had a small AND mighty group of advisors at our Houston Truth Training. It was a great event filled with new insights on some of the latest Truth Concepts updates and material. The following are some of our favorite quotes from the event. Quotes on Life Insurance Todd paraphrasing Vince D’Addona: “Little money becomes big money in the presence of life insurance.” “Insurance is not a sexy asset, but advisors keep trying to add in twists when explaining it. You don’t need to. If you explain

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How to Calculate the Cost of Monthly Life Insurance Premiums

How do you calculate the cost of monthly life insurance premiums instead of paying annually? The answer isn’t quite as simple as dividing by 12, because as you know, paying premium at an annual rate actually saves you some costs. That’s why, to be more precise, we use a Rate Calculator to find the “hidden” costs.” Using the Rate Calculator to Find the Costs Once you have your Rate Calculator, put the annual premium in the Present Value as a negative number (which changes it to Loan Balance) since the

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Truth Tip, Adjusting Numbers in Columns

The Truth Tips below can help you in all calculators, yet only in columns or cells that you can edit. You can distinguish editable cells because they are underlined in blue. When you double-click or highlight and right-click these blue cells, you will be able to make changes to the numbers, formulas, and more. Examples of times you might edit cells would be to toggle between positive and negative numbers, change numbers or formulas, and paste in variable rates or values. Note: All images below have been created using software

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Truth Training, Jan. 2023 | Catch the early bird discount while you still can!