When choosing the right mortgage, whether you’re a couple buying your first home or on to your third home, it’s essential to look at all the facts. Buying a home is a huge financial decision. Being equipped with the right knowledge will ensure your clients have the right strategy. A
Do you know the whole truth about how interest rates and rates of return work? Did you know borrowing money at 4% and investing at 5% is not a 1% difference but a 25% return? Yet this concept is how banks make money. While the jump from 4% to 5%
Tax language—you’ll often hear talk about tax loopholes, tax breaks, and tax shelters. All have a negative implication and show a fundamental misunderstanding of why tax advantages exist in the first place. Whole life insurance taxation is another beast altogether. With whole life insurance, I often hear people talk about
Do your clients understand the POWER of savings? Based on the current financial dogma that permeates the financial space right now, maybe not. More than ever, clients seem to be chasing a rate of return or some other “magic” solution. Yet we know that rate of return alone doesn’t build
Truth Concepts is about showing clients the truth of ALL things financial. Whole life insurance is often left out from financial software because it’s notoriously difficult to calculate in a reliable way. That’s why Truth Concepts put in the work–so that you have a way to prove how whole life
Many Americans dream of retiring early, yet it can secretly sabotage your clients’ finances. As an advisor, it’s essential to highlight the benefits and risks of pivotal financial decisions. The consequences of early retirement are no exception. This article shares considerations for advisors when it comes to understanding and helping
One of the most common pitfalls of “typical” financial advice is to section your dollars into different buckets. When done in that way, your dollars are only doing one job. While this is okay, it’s inefficent, and ultimately leads to lost opportunity costs and waste. So what if your dollars
With interest rates at what they are, you may be tempted to take up an offer of a 0% car loan without hesitation. However, it’s important to take all the information into consideration before you make a decision. Not all 0% car loans are actually 0%, and you may find
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
Financial myths are so easy to perpetuate because they’re simple and convenient. The human brain loves a good phrase or adage because it provides a quick reminder for a complex situation. The truth is much harder to convey. It takes time, context, and a little hard work to explain and