Episode 6: Authentic Wealth Success: Why Strategy Beats Products Every Time

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this is 93 million with Doug Andrew welcome to 93 million with Doug Andrew where we talk about how to optimize your assets minimize taxes and empower the three dimensions of your authentic wealth my name is Greg dotz your host facilitator I ilul specialist and lover of breakfast foods really all kinds I'm very I'm not very Discerning and in today's show we're talking about the three dimensions and what they are fear of financial advisers and ocean attacks what what and we are joined by

New York Times bestselling author author of the laser fund and creator of the three dimensions of authentic wealth Doug Andrew Doug welcome it's great to be here and I'm celebrating my 51st wedding anniversary today congratulations congratulations GL glad that uh she stuck it out this long very happy these two wouldn't be here that's right well like my little sister said you've been married longer than I've been alive yeah that was that was a profound Insight pretty the wisdom and

co-author of the laser fund iul Mastermind and a man who knows what it's like to be struck by a needlefish Emon Andrew ouch ouch and ouch we're GNA get to more on that later so coming up in the show The Story of that also co-author of the laser fund the I Einstein and an expert at mercilessly teasing those around him Aaron Andrew welcome Aon happy to be here yeah and our featured host for today a treasure Trove of wisdom and one who's never lacking for a comeback to one of Erin's

teases Scott Reynolds and his face is not very good let's announce hey he's getting a

haircut next week though so well maybe but announce my new book The Fat Chance millionaire book fat chance okay all right gentlemen excited for today let's jump right into our first segment the three dimensions of authentic wealth so dug in all of your books your YouTubes the YouTube channels named three-dimensional wealth your seminars your your events your podcasts your radio shows you've talked about this concept and coin this concept of the three dimensions of authentic wealth

Doug what are the three dimensions of authentic wealth and why should they matter to people great question I'm very passionate about this uh this is like a three-legged stool and uh as uh you will see here on the screen we believe it's more important that values are understood before the assets are valued so uh there are actually uh three dimensions of what I call authentic or true wealth okay when uh people say what do you do I say well I help people optimize assets and then I

say when I say that word assets what kinds of things do you think of and they usually say well our real estate our house our cash stocks bonds and so forth but when you really think about it those are are just material possessions right those are just things but whenever I ask people what are the most important assets that you value that you cherish that you possess on this Earth they know I'm not talking about money and so they usually mention uh their relationships

their spouse their partner uh their family their health their beliefs yeah these kinds of assets involve people so we call these human assets they are our core assets I put these under the foundational assets for Abundant Living

okay they' also include your heritage talents unique abilities charitable foundations and so forth okay now there's actually a third dimension of authentic wealth that involves the wisdom that we gain throughout our life and that's our intellectual assets wisdom is a product of knowledge times what experience okay just the good ones how many of you learn more from your bad ones like I have okay Plenty lot of them it would include uh your formal education reputation methods systems

traditions alliances ideas and skills so these are the three dimensions of authentic wealth like a three-legged stool now whenever I ask anybody if you had to let go of one of these three categories of assets okay Financial foundational or intellectual you had to uh let one go and start all all over accumulating that category but you could keep the other two categories not only could you keep the other two but you could transfer them into future Generations but you had to bankrupt or

let go of one and start over which one would you let go of intellectual intellectual but andmed people immediately say the financial the money yeah why why would you let go of the money cuz you can get it back we can always rebuild that you can rebuild that using the other two most religions uh on planet Earth believe we come to this uh Planet uh possessing the intellectual and foundational assets to one degree or another okay if you believe in a life after this one like I do I'm Christian

uh those are the ones you return to your maker and report on have you ever figured out how to take the money with you when you die no I haven't died yet there there's no luggage DRS on Hees as the song says okay and so you know I've always loved the little uh story you know two guys very affluent die in they go to the Pearly Gates MH and uh one turns to the other and said man how much did you leave behind the other one said all of it you don't take it with you now isn't

it interesting that traditional financial and Estate Planning in America focuses all of its attention on the least important category on the family balance sheet the money yes so see at 3dimensional we focus on all three dimensions well that that's awesome so followup question why why is it that people focus on the financial Dimension why why do they do that while ignoring especially the foundational Dimension why why is the foundation Dimension this is kind of for everybody why is the

foundational Dimension so important okay uh let's uh bring up the screen one more time and um many times because I travel a lot I pull out a Delta Airlines napkin when somebody says on a flight what do you do and so I I draw this great big a which stands for abundance and I ask the same question when we talk about assets what do you think of and and I fill out this financial Dimension okay uh but those are just things but then when I ask them what of the most important

assets they tell me all of these things here family health value spirituality uh charitable foundations what have you and the intellectual is knowledge times experiences is our wisdom but our education reputation so forth so Greg I I've noticed doing asset optimization now for over five decades you wouldn't believe how many people spend their their health down here okay right uh spend their health down here in the foundational uh area let me highlight that uh real quick here they spend their

health trying to accumulate what their wealth and then later in life they're spending all their wealth trying to regain that Health stupid okay that is very true actually or their whole life trying to do that yes yes uh or or they they uh try to accumulate their wealth at the expense of the relationships with

their family or their God and uh their children and they Justified well I'm doing all of this for them and then they at age 62 they got one foot in the grave and uh they're on their deathbed and they're bankr rupt in in this foundational and intellectual uh categories yes and so they've been wobbling they've been wobbling on money money money and they're not going to take it with them but it didn't do anything it didn't buy happiness in fact all of these people are gone now because

you were out of balance so when people say so what is it you do and I I just say well I take the wobble out of people's life because people are wobbling on usually just the money money um sometimes they they wobble on just their bodybuilding and they're bankrupt in the other two areas but so many people they focus too much on money yeah yeah we're too wobbly we're too wobbly as a society emeron why why are the foundational assets so important in this picture well like uh I mean obviously

with when you're talking about people I mean it's that is what's most important is is the relationships but it's the others are supporting that like the financial category for me supports the foundational it's the why right for me it's like the why why do I pursue finances is so that it helps me fulfill my role to to support my family so my financial supports my foundational and the foundational is what uh is what matters most to me I mean it's it's what my passion is people ask me like you

know what do I enjoy doing most I I I mean I love spending time with my family I love vacationing with my family I love supporting my kids I love going to all their I love cheering them on I love I mean that is that's where I find the greatest amount of joy in life is within my family and within my faith faith and family is where I find the greatest amount of happiness and joy except with your brother though that's the yeah except between you and your brother I didn't say

yeah his brother-in-law it's contextual brother-in-law is pretty cool so Aaron what I've heard that you have a family what do you think I mean yeah I totally agree with what everything's being said but um I think um you know what's most important of course is everyone says this like the family we get out of balance so often in life yeah and and I think that uh sometimes we just need a little check in life even daily sometimes even weekly of oh yeah this is what's most important I need to

focus on that you know my kids are little teenagers now but when they were younger it's like Daddy Daddy you know and you're like I'm busy I'm busy I'm working right now right and how much of Us wish we could go back and be like yes cuz now like my teenagers yes they love I spend time with them and stuff but it's not the same as when they were younger totally I have two girls and they're adults now and it's just a wild wild feeling like it goes so fast it's like uh we all know this it's like you

you need this you know the family the foundational you need sometimes you need this um especially you know the Breadwinners in the family you need that check constantly of right hey I need to be grounded and am I spending enough time with my family that's what's most important I know that but we just get distracted with money yeah Scott I know you don't have any strong feelings on this don't um no I think the one thing that we see more often than not whenever

the financial is hurting a lot of times s we take it out on our family or Foundation yeah it's interesting point and that's really where you get the love and support to get you through those fin that that's a really good point for sure I think if more people did that we'd have a lot better society today so okay I think yeah anytime you're going through a rough time friends family like I have some friends that um um I've been friends with since elementary school and

almost daily we're still have friends I know yeah that's incredible kind of shocking but like still talking to each other uh on almost a daily or at least a weekly basis on our thread and we've known each other forever and it's like that relationship is pretty cool yeah to have like you know friends and family that that's that's what it really matters yeah and you tease them all the time so nobody knows wise all right well let's go to our next segment but first just a reminder that

if you enjoy this content and you want to see more of it please like And subscribe and if you'd like to ask a question please comment or ask a question on one of our one of our videos and we may use your question or highlight your uh con comment in one of our next shows okay three dimensions of authentic wealth let's dive into the intellectual Dimension Doug back to you your entire YouTube platform is built around teaching rather than telling so um I for instance we talk a lot about I

we all do we've done it on this podcast quite a bit and a lot of our focus and we see this in your events in your books especially right the laser fund is huge and anybody who's read the laser fund knows that you know do we hold any content back on that do you hold any content back no it's very content heavy um why and and then of course you know radio show just everything that we've done our events um why is it so important that someone learn for themselves their intellectual Dimension

about strategies or like for instance ilul strategies or just anything in life rather than just taking someone else's word for it or following the Crowd Oh this is great uh as my family will attest uh Sher my wife and I uh we've always believed more in education than school okay so what do I mean by that uh so many times uh people go through motions they go to school but they somehow fail to learn um you know people say well I went to college to get a job no no no no no

you go to college to get an education okay right when you get an education then you go out into the real world and you begin to apply the learning okay and with uh our readers of our books I

discovered a long time ago once people get educated about the merits of of what we do okay Max funded Insurance once they get truly educated they end up wanting something they didn't know they wanted until they got educated okay but as I said uh in the first segment uh some of my best learning has been the bad experiences in life so it took me losing a home in foreclosure clear back in in in 19 uh 80 to to learn about wow I thought I had the World by the tail because I had a house worth twice as

much as I owed on it but I had no liquidity and I lost my income for nine months and then did I have a rude awakening so it's actually many times our bad experiences that give us our best education good and bad but we have to have a method to capture that so future Generations don't have to relearn over and over and over again to make the same mistakes does that make sense yeah absolutely we've learned from previous generations even you know Einstein and and from uh and all the all

the scientists and all the developments we've had came on on the shoulders of others who who came on that and we're still learning of course Einstein was pretty good but anyway Scott what are your thoughts on this uh well that's big thing I've appreciated about Doug I mean he's literally spent millions of dollars on things that he's learned but he shares it freely yes and so many times you see people that are like well with my proprietary system and then you know

you have to pay me to learn it but Doug is like a wealth of sharing and just wants to share that knowledge sometimes he talks too much don't you think a lot of times I'm just kidding Doug just kidding but we're okay we're okay we're all right unmute me let's take this away from him all right so that's good uh Erin what are your thoughts yeah on the intellectual category I think um you know going back to like the IL for example and education it's amazing how many clients once

they've read the book The I laser fund or the laser fund book yeah that they um yeah like Doug said they get educated they understand they know so I am so big on people understanding for themselves yes because I can sit down and teach a client and or just tell them like this is what you should do right right this is what you should do yeah yeah and it's like easy it's easy but it's um you know but the trust comes in where they understand it why you're telling them

what you're telling them when they have the foundation of understanding what this is all about and how it works so I I love it when I you know this is big like understand it read so I always require clients to read the book read chapters you know at least 6 through n or 5 through 10 of the laser fund book you know watch these YouTube videos watch these YouTube videos of Doug to really get a foundation to understand cuz when your education is up here you're making the decision yourself

you're understanding you understand the details the numbers everything's like open curtain you know everything going on the fees the returns the I mean it's just so easy yeah um for both the client and the advisor for both of you it's just so easy when you both have that Foundation understanding yes that's so good because we also teach um you know we we've taught uh professionals right iul insiders one of our sponsors we talk about we teach they train professionals

but it's interesting a lot of our clients oh they know more they know more than most Financial professional and they learn it for themselves it's just Inc so that's pry my favorite is when they go back to their CPA so I was learning about 7702 72e like what what are you talking about what's that I didn't know that's great Emer what are your thoughts on this I mean the word that comes to my mind is empowerment yeah you know and I you know I I I I'm a very faith-based individual and you know

I believe God wants to empower me and not just tell me what to do right you know wants to EMP education is all about that and you don't want to blindly follow either right exactly wants to know the why and understanding the understanding the knowledge the education and so that that all that all stems from all of that and if we can do that we can learn and we can make our own decisions like eron said I mean you can always be told what to do and that's uh you know that's that's that's at a

this level of probably success if you want to truly succeed you know one of the pure definitions of that of of even charity is where I get to make I'm empowered to be able to make decisions myself I'm growing and so that's it's huge whether it's Financial everywhere right there when you are empowered in order to make decisions yourself that's what makes intellectuals such an important category empowered is a great is a great word all right well if you're enjoying this content and you're

wondering how to take advantage of these ideas and how to take control of your financial future and get on the path to Lasting wealth at Laser Financial we help individuals and families like yours in Implement proven strategies to grow and protect your wealth strategies that don't rely on risky Market or high taxes one of our most powerful tools is the index universal life policy or iul it's

not just insurance it's a tax-free retirement strategy a way to grow your money with compound interest and a safety net against Market downturns imagine this during retirement your money grows when the market goes up but when it drops your principal stays protected from those Market downturns I'd rather lose my yeah you get the negative experience to learn from right and then because iul strategies can be structured for taxfree income you get to keep more of what you've worked so hard

to save unlike Scotty here when you're planning your retirement or looking to secure a financial Legacy for your family we can show you how I can make all of the difference go to laser financial.com or call 80155 0409 to schedule a free consultation and see how these strategies can work for you that's lazy financial.com or call 80155 49 don't wait take the first step toward a brighter more secure financial future today this content is also brought to you by iul insiders which we were just

talking about a few minutes ago Hey listen if you're a financial professional tuning into the show and you're wondering how you can expand your business working with index Universal ey for I you already know it's one of the most powerful tools in the industry but let me ask you this are you leveraging it to its full potential that's where iul insiders comes in they've trained thousands of professionals like you to go beyond just selling policies they show you how to build a thriving

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193 to save your seat spots are limited so don't wait that's I challenge.com sl90 take your business to the next level okay let's talk about our third dimension the financial Dimension okay so Doug we've talked about the other dimensions foundational intellectual but the financial Dimension is still important right I mean if uh if the other two you know why does the financial Dimension still matter shouldn't we just kind of s quit our jobs and go live on a beach and focus on

the foundational intellectual assets can't we just do that that sounds pretty good right yeah yeah right but uh yeah I've noticed so many times in families and especially among marriages you know again I'm celebrating with my sweet wife 51 years and people say what's the secret and I I actually have 10 suggestions for a happy fulfilling marriage patient wife that's exactly right uh but you can't believe how many marriages fall apart or uh they walk on eggshells when

it comes to money okay right uh so you you have to be very focused on making sure that the financial house is in order and that you're in agreement and it's amazing how many uh families U marriages Partnerships they don't learn like the key elements of a prudent investment liquidity safety rate of return and the tax advantages in the proper order right uh they don't understand that they're scking away money and they sort of Follow The Herd uh putting money in in tax deferred I of

401ks and they're getting duped being told they're going to be in lower tax money in real estate and they find out it's not liquid yeah and and and so they they get to retirement they're not in a lower tax bracket if they were savored and then they have taxes inflation and Market volatility that causes them to outlive their money and they go well I was doing what I was told how come I'm going to outlive my money it's so sad so we have to learn the key elements of a

prudent investment and we have to choose uh the vehicles that will generate the most at the time in life we're going to need the money the most and so many people just need that education going back to the intellectual Dimension yeah that's that's great Aon what are your thoughts on this I mean on the financial side we were talking about how it's the least important out of the three looking at the the table here and at the same time we spend so much of our day working

yeah accumulating money trying to do that you know to provide for our families and so forth it is important of course we need to deal with it we need to do it and it can make things comfortable but I think everyone it's just amazing how much in life they we learn how to try to learn how to make money but not how to manage it right and so they don't teach it in high school I mean it's just they hardly teach anything Financial don't teach anything it's just the kids

like for example it's like they get out and they don't know what to do and I have we've had clients you know we could all say it's doctors that are making a lot of money and they can't manage y their money at all yep and they're in debt and they can't like save I have someone else that's making you know modest income like low income and they're saving money on a monthly basis and they got like five kids it's like how are they doing it so it's a matter of living within your means but

understanding and everyone can do it you know but it's like yes the financial is

important that I mean all three of these are important of course but the financial can help give you that peace of mind and that's what we're all about is understanding hey let's give you some peace of mind make sure the financial house is in order so you can focus on your family yeah in some ways all these three dimensions are are really just intertwined right that's kind of why they're all together em what are your thoughts yeah it's you know along that same line of thought right there the

financial foundation for me supports right it's what I use to support the foundational intellectual assets that's how I grow I can grow more effectively I can grow and compound we call this 93 million right yeah and that Miracle of compound interest I mean if you want to be able to compound your knowledge the intellectual category you want to compound foundational Financial is a tool one of the greatest tools to help us do that to compound uh those other two categories I

mean I know with you know you look at the foundational assets right there and family I mean when when me and my sweet wife Harmony got married I mean she asked me to fulfill that role and you know we decide I would fulfill that role of trying to financially support the family yeah and if I look at her as one of my greatest my greatest uh relationships and greatest uh you know assets in my life right there I don't want to let my family down I mean I'm fulfilling that role to make sure that

they have we we can we can provide we can provide yeah that's that's great I mean if we did quit our jobs and go to the beach we'd end up like trying to dig up crabs like Tom Hanks and just staying alive the whole time right so it does matter Scott wrap us up on this subject what's your final thoughts yeah I I just I see so many times that uh people though that are bankrupt in the financial um you know can make it through rebuild and all that but the other aspects are the ones that if they

bankrupt those then it's harder I've got a friend from Brazil that moved out to America and he's made himself very successful but he was raised in the slums of Brazil and yet he's because of his discipline and his financial uh means he's a very generous person and helps so many people around him and a lot of times anonymously and and uh so that is nice having that Financial uh ability to do that but you know he worked hard and uh but yet he's also giving it back and that's the big thing

I think giving it back you have succeeded is huge yeah that's awesome okay well coming up how did Emron get attacked by a needlefish but first our next segment Financial Fear Factor speaking of financial Dimension uh why most people fear financial advisors so there's this housing housingwire.com article that stated that 71% of Americans fear talking to financial advisers and I found you know I Doug I remember when I came to worked for you many many years ago it's been I don't

know uh 15ish 15 to 20 years ago at this point um and and I was your audio guy I was an audio engineer that was my that was my big thing that was my role and I spent a lot of time with you and learning what you said I found it very fascinating and so I started to learn right talk about the intellectual dimension of assets so I started to learn and then I went online and I'm like keyboard Warrior I'm talking to all these different financial advisers and financial professionals and guess what I

learned they all talked they were all kind of arrogant and and and they acted like they knew what they were talking about but when you dug in past the surface level they didn't understand this stuff at all and I just kind of learned that a lot of financial advisers kind of overp people they belittle people a little bit and that's kind of how they do things that's just my thoughts but Scott let's just start with you why are people afraid to talk to Financial professionals yeah I think we

just uh I mean it's like buying a car I mean how many times have you pulled up to a car dealership and you just sit there in your car and you're like okay let's go in then do this and you just hesitate doing it but I think on the financial side of it too we're too many times we're being sold rather than being taught right and teaching that's what I love what we do is cuz we teach it and then let you decide and if you don't want to do it great that's no problem

with me how many times have I just you know someone says well I don't think this is good for me I'm like okay well good luck to you and see you later and they're like wait a minute aren't you going to sell me but no yeah I'm just here to teach you and facilitate what we're teaching and then let you decide if it's right for you or not yeah yeah I think we need a gold chain for your new accessories there so what em Emer what are your thoughts on this subject you

bet I I mean most people are afraid of talking about something that they feel like they don't don't know anything about or don't know enough about yeah right our educational system does not Empower us to learn about money and finance we don't have money and finance classes po classes in in school yeah yeah right even college right yeah so I mean how many of you are like yeah I'm going to go talk to some I want to go talk to somebody who' like uh yeah I feel embarrassed cuz I don't know what I

should know right and then you go talk to someone and they kind of like use all these fancy words and kind of a little bit and a lot of financial advisers sadly I mean it's like they make their most money if they can make it make you sure you feel like you don't know anything so you have to what do everything TR and I can tell you instead of Empower you I'm going to tell you everything you can do with your money you rely on me no I mean I always I've always said the

best financial fiduciary in your life should be you nobody nobody has your best interest at heart more than you do right right we talked about financial advisors in another session like they go well when's the best time to pull out my money never don't ever pull out your money leave it in there why am I doing this anyway then why I mean why because because because why because they want you that's how they make their money you leave your money in there with them

right yeah so okay uh Erin what are your thoughts uh yeah just to add to that I mean yeah I ke clients come to me and sometimes like one spouse will not want to say anything because yeah they feel illiterate find intimidated yes in they're so intimidated they've had a previous experience where they spoke up and they felt belittled or something yeah and sometimes they say oh it's going to be a dumb question and it's like no so one thing you need to I mean some people just need to get over is

just like hey it's okay um you know this isn't something you do all day right we are experts in this area like I'm not an expert in other areas of the financial you know we are experts in hardly anything I mean you don't know very much about anything else that's where it's like no like truly that's where you tell clients I'm like hey I'm an expert in this strategy

these areas you know I'm not an expert in crypto or not an expert in um Apple Computers yeah Apple Computers but and that's where it's like vegetables the uh the thing with we won't get we won't go there Scotty but uh anyways the uh W with this uh I think one thing is is like hey jump in you can learn and it's important to be open with your questions don't be afraid Don't Be Afraid don't be afraid to ask question questions yes ask and it's okay if you don't understand yep and that's

where an adviser you know we're here to help you to understand this and to get you the education but we want you to understand this yeah not just take our word for it that's all we have an incredibly long detailed book you the last update was 325 up changes 25 Pages was added yeah I mean I know cuz Doug and I recorded all of them in the studio it was a lot of work right Doug absolutely it's sad how many times too that uh you see people that come in and they're afraid to ask questions just

because they've been bullied yeah and um but it's interesting some of the most successful people on this planet it's because they're so inquisitive and they're not afraid to just ask and ask and ask they don't worry about looking down Lear that's how you learn right that's the weird part about us is where what we do is how many Engineers do we meet yeah we have a lot of engineer clients and I love them because they figure it out for themselves holy cow this works yes yes exactly well just

great sorry we just last week I spent a lot of time with family on a vacation and our nephew a lot of not not Gregs but the rest of our nephew James he asked so many questions I was like he's an inquisitive kid so inquisitive but he's smart very smart and he's learning a lot cuz he asked so many questions I'm like dude okay that's [Music] enough enough questions about that where where do needlefish come from okay Doug what are your round us out on this topic

what uh what are your thoughts on this topic uh reemphasizing people often feel intimidated okay and so they're afraid because they might be embarrassed because they haven't saved very much or they don't want to look dumb or whatever okay so I think we've we've hit that but many times uh and I learned that not everybody makes decisions or learns the same way okay so I'm an analytical person I like charts and graphs and percentages okay but I I realized I was me missing half of my

audience so to speak whether it whether it was an actual audience or if it was a couple sitting in front of me and I'm sitting there talking about charts and graphs and and and maybe one of them is all into it and the other one's just like eyes glazing over you know and start checking their phone and everything or in a seminar I could pick them out because of their body language you know and all of a sudden the spouse would nudge their partner and say uh tell me when when he tells another story

okay that's right and so and so I began to realize I had to teach High Concepts cuz these are high Concepts right coupled with high touch okay and so that's why I have over 30 metaphors that simplify things and that's why in the laser fund book uh I finally figured out okay we always had stories and examples but the usually the right brain people okay that learn by stories they don't want to go through and find the story and so I because they're in there but I

just go oh just just flip it over and and there's 62 Chicken Soup for the financial Soul stories on how maxf funded iul helps in all of these different scenarios all of sudden they go oh thank you cuz they want to see what it does what does that mean in real life to be able to go on vacations and not worry about your money yes instead of oh the percentages and how does this relate to the to to this linking method and that and the other some people could care less they just want to see the

result the bottom line so I think that's a reason why a lot of advisers Totally Miss out they think everybody makes decisions the same way way they do right and they're missing out on half of the people because they're they the people feel intimidated that that that that adviser doesn't understand me yeah and then and there's a right brain approach and a left brain approach yep yeah so all right well if you're enjoying this content and are wondering how to take advantage of these ideas at Laser

Financial we help individuals and families like yours Implement proven strategies to grow and protect your wealth go to laser financial.com or call 80150 5049 to schedule a free consultation and see how these strategies can work for you don't wait take the first step toward a brighter future more secure a more secure financial future today uh also brought to you by iul insiders if you're a financial professional tuning into the show and you're wondering how can you expand your business working

with index universal life or iul join us for the ilul challenge it's a free 3-day event designed specifically for financial professionals who want to Master of the Art and Science of ilul visit iul challenge.com 193 to save your seat spots are limited so don't wait that's iul challenge.com sl9 3 take your business to the next level when bad things happen emeron I teased it in the opener we've

teased it a couple times how did you get struck by a needle fish and why are you such a big baby a needle fish doesn't sound very dangerous I got I survived an ocean attack it's an ocean attack but man I mean the these things are these things are serious the worst experiencing probably the uh worst dead leg I've ever had in my life but I'm just out there with my family I'm with my family snorkeling in the uh in the ocean at night uh on a on a guided tour with M Rays yeah right out of nowhere my

leg just gets smashed like slammed I thought I got hit by a boat propeller I mean it just hit me and uh I mean it just I got speared I got speared I thought it was you know and up the tour guide saw it a dolphin was chasing this Needle Fish and this Needle Fish darted 30 m an hour yeah 30 m hour right no wait wait wait I think we have a picture of the needle fish here we go there there you go therey got to show it on the street about show it on the screen they can't

see it show it on the screen there's a picture of the there we go I I had one of those nibble at me one time too that's why it's called a needle fish size of a like sewing [Music] need okay okay okay here's another they can actually grow pretty big here's another picture of a needle fish yeah and the tour guide told me it was a about a 2 and a half three foot Needle Fish yeah that's actually about as big as they get he's a fisherman isn't he yeah and if you're out there if you're

listening you may or may not want to Google uh you know Needle Fish attacks just doer discretion advised because it's pretty gnarly that's crazy two Surfers two professional surfers killed killed by Needle Fish yeah you know so yeah no it was it was nasty man it hurt it hurt yeah you said you got a dead leg can you give Aaron a dead leg with the same intensity so he knows how it feels he's giv mey as a kid but he Nature's Way of Revenge for Aaron but he immediately quoted his father most men

would have uh been able to survive something like this yeah yeah but because he's an Andrew yeah bounced I mean it just bounced right off my leg I mean yeah it inserted might have inserted about that far but you know regardless it didn't go all the way through like we saw the the pictures were pretty bad you spent we were up till 2:30 in the morning in the ER right like that well he would had surgery if there would have been any of the bone or the uh they thought they thought the

beak broke off inside my leg now I I have a question I've taught I've taught my sons when people attack you you should forgive them have you forgiven the needle fish I'm working on it he had I'm actually hoping that dolphin that was chasing it got it yeah right well actually I think the word is that the there's a shark chasing the dolphin the dolphin chased the needlefish and the needlefish hit you so you basically got attacked by a shark yeah I survived a shark attack exactly

thank you whatever no no it went from Big to small his puny leg got hit by it all right Scott what is the moral of emran's story what's the moral of this story we'll put you on the spot boy um be strong be strong uh resist uh the the pointy needles of okay okay okay that's enough out of you all right let me ask a different question bad things happen right and a lot of people in this world they predict we have a lot of people out there that predict doomsday scenarios

right you can take this two different directions you could take this hey bad things just happen and it's unpredictable you've got to be ready to roll with whatever things that life throws your way or the other way you take this is that hey there's bad things that happen and one of the things that people constantly scare us with is hey the world's going to end have you guys heard this the Dollar's going to collapse or or you know all all kinds of things Scott what's your take on on that

kind of world-ending scenario there's always there's always people out there kind of predicting yeah our first response is buy food storage and ammunition right cuz if the doll collapses that's the world we're going to be in yes right um now when we're talking about a reset of monetary system I lived in Brazil for a couple of years that's right we had three monetary systems in less than two years and all you did is you had a month to bring in the old bills and exchange them for the

new one and then you called the new bill or dollar what it was yeah and it didn't end the world didn't end in fact it actually helped improve Brazil's financial situation we had 19,000 inflation one time while we were there wow so so that's what you're saying we're headed for is that what you're saying we even survive that so we're at we're at 3% we're going to talk about inflation in our next show but yeah no that's great uh Edon what are your what's your thoughts on this uh what's

what's your what's your lesson from your uh from your experience I mean we do the best with what we have right now I mean right I mean we can spend all the all of our time and attention we can waste a bunch of time worrying about something we don't have any control over right so worry about what you can control what I do have right now what what is my situ what can I how can I improve and best and optimize what I have at this point now if the game changes the game changes

yeah and you optimize now based upon the new rules of the game but based upon how the rules of the game are right now we just do what we we do uh the best we can with what we have right now yeah can what you can control focus on what you can control don't focus on what you can't control you just dwell on what you can't control all it does is take you down to a dark deep Abyss right right want to work they don't want to do anything it's just like's going to end you know and you're paralyzed right

there were people that I talked to in like 2008 during that crisis and they're like this is it this is the end so I've pulled all of my money out I've got it in you know gold or wherever and 100% And they missed out on in fantastic times yeah now if that happens great you know even my you know one of my favorites Glenn Beck even says 10% in gold and don't put the rest don't put all your eggs in one basket kind of thing yeah that's great all right Doug why don't you wrap us up on this we

didn't hear he spoke one sentence I wasn't sure if he was done he's doing a 4our seminar do you have anything else to add Aaron to this well if we want to just pivot to the financial real quick is um because yeah clients come to us and they worry about the like the worst case scenario and that's where honestly iul is a perfect solution oh that's a good point glad we came back to you cuz the I is the perfect solution cuz it's like hey it's you know the insurance industry the companies we use

have been around for 100 150 years they're going to be the last to go on if they ever did that's right it's taxfree you have guarantees you can't lose when the market goes down the annual reset with indexing Market went down in 2008 we got zero that year we didn't lose our gains from the previous years gains are locked in annually resets the market went down we reseted the low Point make gains from there forward taxfree indexing is the perfect solution for people that are worried about the

unknown and worried about the future and in retirement just want to protect their principle taxfree I's the perfect solution that is awesome Doug can you top that what your son just said and wrap us up yeah well as we said toward the beginning yeah you hear that confidence yeah oh yeah I got this yeah yeah the the negative experiences are the ones we learn the most from okay and so I'm grateful for those and so uh as we look at the financial dimension here as eron just

articulated uh one of my favorite Financial Vehicles Max funded I well because you can sit around all day long and do what if what if what if and most of the what ifs that people bring up will will never happen well what if the market goes down down down for 30 cons years and they charge you the highest mortality you know it's like the American dollar will be worthless okay uh the likelihood and so what you do is you are always prepared to act and not have to react okay and

when you act with Max funded I it's immune from taxes going up that's the biggest danger that causes people to outlive their money and then inflation you can have inflation work for you instead of against you and then you're immune from Market volatility so all these big uh dangers that people usually are worried about they're eliminated with our favorite vehicle and you got liquidity like if you do need to Pivot if for some reason something is that bad and you got to Pivot how much faster as

it you can pivot with liquidity than you can if you have to like sell off assets 10% penalty and pulling out 4 liquidity with no tax it's like it's and you can put it back it's so cool it's it's sort of like you know if you're prepared you will not fear right and so uh I deem being prepared is in a position of liquidity safety earning predictable rates of return and taxfree and when you do that you know let happen what happens because you did the best you could and

quit do quit worrying about the would have should have could us focus on having your assets and all your three dimensions balanced yeah uh and so that's what this show has been about today huh liquidity safety rate of return it's almost like it spells something anyways lerer loser not loser laser oh laser okay laser all right well just a reminder that if you enjoy this content and you want to see more of it please like And subscribe and if you would like to ask us a question please comment on

this video and we may use your question in one of our next shows or use your comment who knows we can we could take a look at it well that's all the time we have for today May you optimize all three dimensions on your balance sheet of life and may you never get struck by a needle fish thanks and we will see you next time [Music]