Prosperity Economics employs common-sense principles and strategies that preceded the rise of 401ks and the financial planning industry. It shows us how to optimize wealth by keeping it in our control rather than delegating our financial futures to Wall Street, big corporations, and the government.Prosperity Economics represents different values and principles than typical financial planning.
Prosperity Economics also represents different strategies than typical financial planning. Ask yourself these questions, should you…
- Hand over all of your savings to companies who will charge “management fees,” whether or not your funds are gaining or losing?
- Analyze your “risk tolerance” (i.e., how comfortable you are with losing money) while subjecting your assets to losses?
- Max out your 401k and cross your fingers that you’ll someday have “enough” to live on, without running out?
- Take tax deductions now by putting money in a qualified retirement plan, only to pay more taxes later?
- Tie up all of your dollars in accumulation vehicles that penalize you for using your assets and prevent you from borrowing against your them?
Prosperity Economics offers a way out of the mess. It doesn’t aim to help people succeed better at flawed strategies; rather, it offers a total paradigm shift about wealth-building. Prosperity Economics questions the financial assumptions we’ve come to accept as true and provides an alternative to “typical” financial planning.