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Missed Fortune – Having a System Ensures Abundance

Posted on | June 24, 2013

A Lesson Learned From an Old Baseball Game

A great lesson can be learned from a baseball game back in 1908 that pitted the Chicago Cubs against the New York Giants. Fred Merkle of the Giants was on first base with his teammate Moose McCormick on third and two outs in the bottom of the ninth inning. The score was tied. The next batter singled allowing McCormick to score from third base. Merkle, caught up in the excitement, failed to touch second base as he ran to celebrate with his teammates.

The second baseman noticed his oversight, picked up the ball, tagged second base and then appealed to the umpire who called Merkle out. This nullified the McCormick’s run. In the ensuing pandemonium, the game was called a tie and the Cubs and Giants had to meet in a playoff game. The Cubs won that game.

Had the giants won that original game, the playoff would have been unnecessary and the Giants could have won the 1908 World Series. Instead the Cubs won it.

Sometimes in life, we forget to touch all the bases and it can come back to bite us later.

We have to keep things in their proper perspective. This especially applies in regards to money. It’s great to be able to accumulate money predictably and tax-free whether in good times or bad times. But we must remember to touch all the bases while doing it.

This includes bases like our health, family, relationships, and values. We’ve got to keep our intellectual assets, our wisdom, our knowledge, and our experience in alignment as well. It’s also important to touch the base of what we give back to society.

What good is wealth without these other foundational areas? We will struggle to be truly happy if we don’t remember to touch all the bases.

Our knowledge, attitudes, skills and habits contribute greatly to the kind of abundance that we all hope to enjoy.

Creating a SYSTEM of Abundant Living

The great mentor Marshall Thurber taught that all but a tiny fraction of failures could be traced to the lack of a system. In this case, SYSTEM is an acronym that stands for Save Your Self Time Energy Money.

Thurber taught about the importance of predictability in ensuring quality results. That means if you put a certain amount of wood into the fire, you’d get a certain amount of BTUs. Or if you followed the exact recipe for cinnamon rolls, you’d get a perfect batch of them virtually every time.

This same principle can be applied to systems that create predictable wealth.

Most people, who are familiar with finance, focus on creating predictable rates of return and predictable results with their money so they don’t have to worry about their money.

There are a number of ways to accomplish this.

They includes structured cash flows. There is also the option of putting money into a maximum funded insurance contract. During the past 12 years—possibly the worst 12-year period since the Great Depression—people who have done this have enjoyed predictable rates of return at a time that was utter chaos to others.

Many investors saw up to a 40% loss in their savings twice in the past 12 years, first in 2003 and again in 2008..

On the other hand, individuals that used systems that gave them predictable returns, saw their money double and triple during that same 12 years. Most importantly, they did not lose money when the economy declined.

Ongoing market volatility is just one part of a triple whammy that includes higher taxes and rising inflation. Having the right system in place can produce predictable tax-free returns while building a nest egg that continues to produce tax-free income throughout your retirement.

It all begins with learning the right strategies.

Getting the right systems in place to enjoy the abundant life, starts by visiting with a wealth architect today.

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*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

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