I created the concept of Money Bags when my 10-year old daughter asked me what a Wholistic ‘Independent Financial Advisor’ does. I was so excited that she showed some interest in my Career that I just started blabbing off some really technical stuff. After a while, I realized I had completely lost her.
What came to mind at that point was a meeting I had with a Client. I was explaining a Concept called an ‘Insurance Tax-Shelter’ and referred to the ‘Investment’ account as a Money Bag; a Big Bag of Money you have created to access at a later date. That Concept and those words Resonated with that Client and he asked me several times to explain to him again how this Money Bag worked. That was my ‘Ah Ha’ moment.
I told my daughter, “as a Wholistic ‘Independent Financial Advisor’ I help my Clients build and grow Money Bags!”
She actually showed some interest and asked, “Daddy what’s a Money Bag?” What a great Question!
A Money Bag is anything you own that has some Value, to name a few:
Where I fit in, as a Wholistic ‘Independent Financial Advisor’, is explaining the rules as it relates to putting a dollar in and taking one out. You see our government sets the rules and makes changes on a fairly regular basis. Part of my job is staying up to date on the changes. This way I can see how it will affect your custom financial plan and make changes accordingly. The final though I’ll leave you with is what do you want to happen to your money bags when you pass on? And is your wealth positioned in the most tax efficient way? I really look forward to helping you Grow Your Money Bags at Entrepreneurs Wealth Solutions, Grow Your Money Bags With Us.