No Longer Considered a Sheep
In 2010 just after the market crashed due to an unstable housing market, I met Dave. At first we were business associates. He was selling safety software and I was a safety manager for a general contractor just outside of Chicago, Illinois.
I felt good about my financial position. I was doing everything my Financial Planner told me to do. As a matter of fact, my guy said that I was one of the few investors that really understood that no matter what, the market always goes up. I was contributing to my 401k at the max rate; I had ROTH IRAs in both my wife’s and my accounts. I started a 529 savings plan for my son as soon as he was born. Heck! I even had a Pension Plan with the union in which I was vested. I had it all figured out. Or did I?
Fast forward two years… In 2012, I was just starting to recover the losses I suffered in the Stock Market. The DOW was approaching 13k and I needed to get up to pre-2008 levels of 14k before I would break even. At this point, it dawned upon me that I had been waiting FIVE years to make ZERO interest from my traditional investments.
After realizing this, I asked my now-good-friend and business partner, Dave, during a business conference what he was doing with his finances. He humbly invited me into his personal finances, business structure and personal wealth plan. It was quite the eye-opener! The one thing I realized was that I could employ these same basic strategies too! I just needed to be willing to work for it a little, as opposed to just handing my entire investing strategy over to a financial planner. It was really a revelation to me on just how comfortable we as humans get when we just follow the herd.
I decided I no longer wanted to be “The Sheep”
When I returned home I immediately needed to find out more. I started to consumed books, articles, attend webinars and watch every video I could get my hands on. For the first time in my life, the education I was getting made absolute sense to me. I didn’t feel like I was just handing over my money to a Financial Planner and hoping they’d make me a killing in the stock market, but rather I was educating myself and gaining confidence to go out on my own and invest for myself in areas I had thought were reserved only for the rich.
Financial freedom was a new word for me and I was determined to make it my credo! A real ah-ha! MOMENT
Soon after, Dave and I decided that the demand for this type of education (Exactly what Dave taught me) is needed for Entrepreneurs and Business Owners. They need to know. They deserve to know. We decided we were going to be the Shepherd who leads them to greener pasture.
The solution was to create a website called the Investor Advisory Network (IAN)
We Help Hard-Working Entrepreneurs Grow, Manage and Protect Their Wealth by Focusing on 3 Key Elements:
EDUCATION, NETWORKING AND EXPERT ADVICE.
Back to that ah-ha! moment, right?
Let me recap what my driving factors were for creating this website:
- Education in this field was too vague. We simply believe anyone who owns their own business will benefit.
- The Stock Market was proving unreliable and I didn’t want my entire nest-egg in it.
- I felt like my Financial Planner was just running me through the paces. The Sheep mentality.
- I wanted to be in control. I became a Lion, just like our fans are in their businesses.
We are offering independence from financial planners, and the self-reliance that you can gain the knowledge and education to Grow, Manage and Protect Your Wealth yourself.
Dave and I hope to see you at the site – learning, contributing and above all, earning!
Thank you for listening.
There has to be a better way…
I was the poster boy for Robert Kiyosaki’s phrase “go to school, get a good job, be a good employee and save”.
After getting my Masters Degree, I went to work for a major Oil & Gas company. My father, who retired from GM after 30 years, was very proud. Me? well I was bored after 5 years and thought there had to be more to life than this. A few years later, I found myself starting a software company and venturing into to the world of entrepreneurship. While a bit scary, I never was more exited and energized.
As the business thrived, I found myself paying more and more in taxes. When I asked my Accountant what I could do to pay less taxes, he said to make less money. Do you believe that! I was furious. I began to ask “How do the rich pay less in taxes?”.
There has to be a better way…
I spent countless hours reading books and surfing the internet trying to get educated. I became educated enough to ask the right questions when interviewing accountants and finally found one that “got it”. He understood the tax code and huge benefits that is available to business owners and investors. He saved me $8,000 in taxes in our first 30-minute conversation! That would have saved me $80,000 over the past ten years! It kills me to think about it even to this day.
I went back to my old accountant and told him the correct statement should have been, “You just have to get a better tax strategy if you make more money.” I then fired him.
The company continued and grow and I was paying less in taxes. I was able to build a nice little nest egg for me and my family, but had not idea how to invest it. I was getting tired of the diversify and invest for the long run mantra from my Financial Planner who was making an average of 4.5% returns and charging me 2%. Unfortunately, I stayed with him too long and lost 30% of my hard-earned money in 2007. I tried to get out after the first day’s 777 drop, but the SOB stonewalled me and would not sell my stocks for weeks. It was frustrating to not have control over something that was supposed to be liquid.
Again, there has to be a better way…
Again, I decided to take matters in my own hands. I started reading everything I could get my hands on. One of the first books I read, which was a HUGE wake-up call for me, was Aftershock by Robert A. Wiedemer. The book educated me on the economy, bubbles, the Fed and how best to protect my savings and family from financial ruin.
After discussing the book with several friends of mine, one of them recommended Rich Dad Poor Dad, written by Robert Kiyosaki. This single, simple-to-read book changed my life forever. It was as if I was seeing the world through a completely different set of lenses.
These two books ignited a fire in me that I have never felt before. It created a passion for taking control of my own life, investing and wealth strategy. Before becoming educated, I didn’t even know what a “wealth strategy” was!
Over the past 8 years, I have been educating myself on wealth and tax strategies, networking with some great mentors and professionals. This has enabled me to:
- Save on my corporate and personal taxes
- Roll over my 401K to a Self-directed Roth IRA
- Invest in Real Estate, Gold/Silver, Oil & Gas, Promissory Notes, Syndications and others
- Establish a Self-Directed Health Savings Account
Like many of you, I joined a couple membership sites and newsletters. The information they provided was beneficial, but there was only one person for each of their types of investments. This led me to the same questions – can I trust them? Are they the best at what they do? Why aren’t there options for me – why limit myself to just one “expert” to invest with? I decided to take matters into my own hands, meet other “experts” and give myself some options.
One of the biggest lessons I have learned from years of investment education and meeting hundreds of investors is that you need to find what works for YOU. No two personalities are the same – nor should investment strategies be. What works for one person might not be the path for you. The goal of IAN is to provide you with the knowledge and tools to develop your own strategy, invest wisely and take control of your wealth plan.
I look forward to working with all of you to help our community grow and excel.