“If only,” “Someday Isle,” & “A Round Tuit”…Three Stooges
May 3, 2009 | Author dragonfly
The two most frequently asked questions posed to Money for Life Guides are:
“Why haven’t I heard of the EUREKONOMICS™ Model for Creating and Managing My Personal Economy before now?”
and…
“Why isn’t everyone using the EUREKONOMICS™ Model?”
However, one group of people (those who learned about this model years ago but whose thinking was trapped in the failed Debt Paradigm) are hanging out with the Three Stooges.
If Only…
On the one hand, they are wondering, “How much better our lives would be if only we had adopted the EUREKONOMICS™ Model ten years ago when we first learned about it.”
Truth be told.., if they had dedicated $10,000.00 a year to creating and managing their personal economy starting in November, 1998…
- had they chosen to invest that money in stocks, bonds, and mutual funds they would have had about $92,500.00 dollars in their accounts at the end of 2008 based on the performance of the Dow Jones Industrial Average.
- on the other hand, had they chosen to deposit that money into a Money for Life Account with guaranteed growth, they would have had almost $130,000.00 net of taxes, fees, and commissions.
Someday I’ll Get Around To It…
These folks may still be living on Someday Isle where the currency is A Round Tuit. They may still believe the failed advice to “be patient,” “hold on,” “wait for the rebound,” and, most damaging of all, “think long-term,” strategies designed to keep your money in a Behemoth’s account.
They believe that the recession will be over soon; that the economy of America and the world can be propped up with more government, more government spending, more government borrowing. They are convinced by the Dummies on Dull Street (formerly Wall Street) and the Dolts in DC (all of them) that giving control of their money to some Behemoth corporation, union, or government agency is somehow better than keeping it in accounts they control.
The time to change is NOW. Hear to what John Mauldin, a brilliant economic thinker, wrote in his weekly newsletter on May 1, 2009…
Next year, we will be entering what will certainly be the most dangerous era in my lifetime for the US economy. It is not clear what will happen. There are a lot of paths that can be taken…While I think the most likely outcome is a long Muddle Through recovery, the likelihood of a lost decade of deflation a la Japan is a very real potential outcome. And the possibility of stagflation and a seriously impaired dollar is also quite real…Investors, businessmen, and entrepreneurs need to be as nimble as possiblle. A free market will figure out what paths to take, and I am still optimistic about the long term. But we have some very dangerous times in front of us, and we need to be realistic.
What if…
It’s time to get off Someday Isle and learn how to grow rich without risk and secure wealth without worry. If you had left the island in 1998 you would obviously be better off today based on the example above. HowevEr, it doesn’t tell the whole story.
The money you held in your EUREKONOMICS™ Accounts would not have been idle. In addition to the growth referenced above, your money would also have been doing double duty…
- You could have borrowed from your account to buy a car and repaid yourself instead of the bank. That alone would have saved you thousands of dollars that you could have used to create a second Money for Life Account.
- You could have borrowed again to go on a grand second honeymoon, repaid that too, and saved the thousands of dollars – that would otherwise have been paid in credit card interest – in EUREKONOMICS™ Accounts.
The possibiities are endless.
by jeffrey Reeves MA, youBEtheBank.com
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