Get more out of Life than the Mundane

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The. Okay. We're doing podcasts. Number one eight I'm Jim Rosetti here with Margaret wit Cup of Veritas financial services. And we are talking about the American dream and today. Margaret good day to you. Good to hear Jim, let's talk about the experience today. Kind of go into what do you mean by experience? When we say American dream experience, talk about the American dream experience. We're talking amount of event, an actual setting aside. Dave, or maybe two days and really delving into what is your American dream? I mean, a lot of people just kind of float through life. If you're not one of those people who thinks they're going to get anywhere by just floating through and dealing with you're probably not listening to this week to week paycheck to paycheck might be living paycheck to paycheck, but we can help you get out of that. But exist mindset, there's a mindset of. People who want life to be more than just the mundane, and I would imagine that people listening to our podcasts are people who want to discover and live life fully. So when we talk about the American dream experience, we're talking about experiencing something and abundant life. Yeah. Absolutely. A life of freedom. Not a life, a life that is belabored and burden down. You know, one of the things that oftentimes people feel terribly burned about our taxes and political systems, or political parties or just all sorts of things can get into your brain, and cause you to lose sight of that freedom who need? We're living in a Dan age. I think everybody's so politically charged. Oh my gosh. So easily offended today. I mean it's really I can't remember time like this, and there's no freedom in that. So. Accepting people as they are, that might be part of it, but living your freedom and that freedom leads to opportunity. And that's what is uniquely or was uniquely American at the time that this was talked about early on back in the nineteen twenties, or actually, at the duck colouration of independence, which really turned the world upside down, you know, and then there's this other element, it's called wellbeing. And in the well-being we, we need health, but we also need our wealth. You're there are studies that show that we like to say the money can't buy happiness, but then you show me a person who can't eat or doesn't have enough to take care of themselves of their family doesn't buy. I don't need Margaret money does not buy happiness in its totality. But it certainly goes a long way to providing for that wellbeing if we're living under severe debt and no means to pay those bills at puts a lot of stress on people. Yeah, it's a heavy weight to cure. It's heavyweight and that's called, then you have bad health, and you have all kinds of things that just lead to that to just this. Exactly. So this whole thing about the American dream experiences to create an environment. I just got back from Arizona. I went through the American dream experience with Mark Mattson sure of Matson money with the two women who I had invited in, and we had a wonderful time. I mean they were just awesome. You know, they thought it was an awesome experience, and it is an awesome experience. So the first part of it is delving into your own psyche. What do you think what do you believe? What are your values deep down inside of you, and are you living them out, and are you able to enact your life in a way that is meaningful? It isn't about a big pile of money. You know, then, then the second day we talk about the sort of the underlying principles that will support your American dream or your values. So once you've kind of discovered, you know what those values are you can. Now live a life powerfully. And with abundance, no matter where you're at let's say you don't have the ideal. Let's say you're not at your peak earning potential. That's okay, we'll know. But we can be headed that direction. Exactly right. Let's is driving the car. You want to steer it in the right direction. Exactly. Exactly. So what an experience we have one coming up in June. And we have these periodically and the opportunity to attend. I'm putting this out there on our podcast now for people to tell us what they think they're American dream is what does that mean to you? So if you'd like to, I'd love the people that are listening to this to just jot me a note. Yeah. Just some kind of communication, let let's what they're thinking about, when we use that phrase, American dream, and then to let them know that we do have these opportunities for the American dream experience to develop that to create the pundits mindset and the. Practical tools. You know this is not just pie in the sky. This is practical tools to achieve those things. So people can get a clearer picture destination wise. It's hard to imagine unless you can see that destination. It's foggy or not clear. I hear that a lot from business people. Yeah. I see where do you want to be in five years, the C a foggy picture? But the ones that succeed quickly are the ones that are very clear picture. That's right. Once you clarify it, then you can take steps and move in that direction. And it'll ULA chief it now I got a question for you. Who do you think has more trouble with their American dream or fulfillment in their life, people who have ten million dollars or one hundred million dollars, people who have very little? Maybe no savings are living Patek paycheck to paycheck. I would say the bottom rung of that letter. The people that have very little. And they're just getting by usually it's can I can I get through tomorrow? And you know what? There's a whole lot of people in between in the grays owns between those two your extremes, right? Kind of we call the middle class. Maybe upper middle class. I don't like labeling people. I really don't. I hate that. Yeah. I I've never liked putting labels on people people are important all in themselves. But I'd say people in the lower level with their what having more trudges struggling, I'm gonna say, both sides have troubles. Sometimes people with lots of money have more trouble. They have more fear fear of losing fear of looking bad admitting even that they might not know. Oh, they have a lot of problems. They can. I'm not saying everyone again I don't want wash anybody people on the other end of the extreme sometimes need to give themselves credit for what they are doing. And then start take steps to build their sense of wellbeing and see where there and then move towards a goal get things moving in that direction people that are have a lot of money, maybe need to kind of get off their high horse. Sometimes sure I've seen a lot of fortunes lost. Sometimes. Never enough and it and it's always could disappear or overnight, or somebody's gonna sweet talk them out of it. And there are target for that they're a target for. But they're also target for just the eagle boost, they get from working with people who schmooze them. Is that a great word schmooze? You know, they like that sense that eagle. Lottery winners. Never want their names revealed. If. That could be. I have no idea. I'm never been a lottery winner. I've had to work from my, I haven't either, but I heard somebody just one that huge recorders of several hundred I pray that it doesn't ruin their lives in, too many times, you hear it does a mini when people get a big influx of wealth, like that immediately. It's a whole different mindset and to go from one thing to another is not an easy transition. So you're seeing the top tier probably is more. They have as many problems doing it. Yeah, it could be fear of losing it, it could be that they think they've got it made and they don't watch out for all the stuff that goes on associated with money and wealth. They could be that just maybe it's not them the next generation that has not earned it, but just inherited that could fall apart, right? It is amazing. What money does to our mindset and I'm not against money. I'm all for it. I'm all for helping people build wealth and do the good things that money can do for us. And help us you know, with college educations paying off a mortgage, having a nice vacation with family and having family. And, you know, all of that costs money, does his some extent or another. I don't care if you're going to have a picnic in a park, it's still take some money, and some doing to get everyone together and do it as we think about being totally without and we talk how much more happiness you know, the songs sometimes make it. But you're absolutely right. Without the funds to be able to just, you know, to do simple, things like that it does cost something to do it. I understand so. Absolutely. So I'd like people that are listening to this podcast. We have to know that number one. There are these events, we call them American dream experiences because you actually get an experiential. Experience. It's just a phenomenon that I can't really describe because it's so personal and every person comes into it and comes out of it with their own take is really deepens in helps a person if you want if you really want to contact us, let us know you got our Email. You got our website, you can get in touch with us in multiple different ways, and we will give you the dates for some American dream experiences. Some will be in Arizona. We've got one coming up in a symposium. They'll be two thousand people or more there to do the American dream experience in. I can tell you one of those, how much information is how much you can learn from that. Yeah, you learn fifteen or twenty percent of what's presented. You walk away with a bushel basket of knowledge before you came, and one of the things that we teach these, I should say, teach which we expose are the kinds of things you need to think about and keep yourself safe from what, what did you? Call them scams. Schemes and cons. Yeah. That's going to be the subject for our next podcast. Are we gonna talk about how you can safeguard your life, your well, being your family, and what are the telltale size? What are the things to watch out for what are the questions to ask? Right. So that, you know, for sure that whoever you're working with or dealing with is not gonna steal you arrive line. Right. Right. Yeah. I think that's another stressful is the worry about that is pretending goodness. Yes. And then everybody's got money deal that they're gonna let you in and you get another question for you real quick. And one of my observations. And that is this who do you think is more susceptible to the big scheme are being taken by someone who is rather skilled, at being a con usually a person doesn't have much doesn't get approached very much? But it's the ones with a lot of money that Charlie has got a he's got a great idea that. Can make us both rich and big end? So you're kind of getting inundated with maybe friends family relatives acquaintances people that know you, I'd say the people with a lot of money or well that could be that could be I I've seen people pick on. There was a woman up here in our neck of the woods in the middle of Wisconsin, who actually tapped into elderly people, and she sold them annuities that didn't exist and they just she just gave them. They gave the check to her. And she had developed a reputation in by working for a particular company and I won't name the company, but her kon the con artist in her. She scammed a lot of people. And then there was another one just south of us. They're all over. They can prey upon all kinds of you might think it would be people who are very trusting and very unknowledgeable, but that's not necessarily. I just discovered, we had a radio interview I interviewed somebody that trains people how to spot people that you may be running a business somebody that comes to buy from you that may have early signs of dementia a jewelry store. For example of the person was showing up every day spending thousands of dollars a week. Now, the jewelry store should have picked up on this, that something wasn't right. But there you got another case of how people in reverse. That's interesting. This person was going through the early signs of dementia is another category. And I don't think we often think about it. But again, it goes back to that eagle. Yeah. The con- the true con knows how to a massage that eagle. And so it's people who think they're really, you know, real defensive. And they put up a big shield, but it really their weakness is they're eagle. Yeah. And if you can break and get into that, either. I have seen that many times where you can use a person's ego against them cars, and it works like a charm. Yeah. Let's, let's go back to this American dream experience. We don't want people to lose their American dream. Right. And one of the ways is to know the signs of Akon or a scheme, or even more mildly. How does the investment industry trick you into losing some of a good deal of your money yet to them out in one of the things I've learned on the podcast from our last one is the fee structures and home much can be coming out of that is cutting your return on investment down to just three or four percent? Yeah. It's getting the market. I was just flabbergasted, the two levels of fiduciary that you pointed out last time, quick question on that. How would you know if you're dealing with a company that claims to be a fiduciary, when they're working with you, how you really know the are I mean? Is there some certification there? There can be a statement if they won't sign a statement of fiduciary responsibility than that tells you how hot is that a statement, I would present to you. If I was going to you can ask them, you can ask them. They have won another way to know is whether or not you're dealing with someone in the brokerage industry, almost all brokerage firms, and I mean, everybody, you know, I don't even want to name names. So, you know, all brokerage firms basic mutual fund companies, actively managed mutual fund companies. They're none of them are true fiduciaries. They are of the lesser type, which means the products have to be sellable. In other words, they're, they live up to a standard is just suitability. Sanders is what it's be the but it's not the best thing for you. Whereas a fiduciary true fiduciary has to do what is in your best interest for your objectives at seven, and you may have multiple different? Objectives. So you man multiple different kinds of accounts. But every one of those accounts has to fit your criteria or your needs are like that. Now, does who polices that I mean, if you find the SEC is supposed to. Yes. And you can take, you know, if you're a registered investment advisory firm, you are required by law to live up to that. And if you don't you can be sued if you phone, the growth was going allow less than you and -ticipant it, and it was because the company that was managing your money wasn't putting you in the very what was in your best interest. There might be a legal issue, there, I would be interesting. Yeah, interesting. Yeah. There's so much like, little tidbits of that, that I learned at the only event that I would never thought about, you know, it just really gonna got my me. And so I'm encouraging our people listening to this podcast to think about take the time, take a couple of days and go through an American dream experience to develop your plan, your, you know how you're going to approach it once again, I might remind folks listening is to go ahead and submit questions to Margaret, she will answer those in future pod. Casts and once again, we're kind of coming down the stretch. So next one, we're gonna talk about scams, schemes and cons. Okay, you betcha. That's it for today. Thanks margie. And we'll be back another week.

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