The 4 Financial Paths
We are all forced to choose one of 4 paths.
You’re going to pick one, whether you do it with purpose or from inaction.
Which one you choose affects your results.
Wing It.
Most people are doing this. They have no idea what they are doing. Weeks and months pass but they are no closer to their goals than before.
DIY (Do It Yourself).
I did this for a long time. It’s extraordinarily inefficient to just figure it out as you go. Also, you spend most of your time back-tracking because you didn’t do the steps in order.
Hire a Professional.
Sure, you can get a CPA to do your taxes, a Financial Advisor to invest your money, a Finance Manager to budget your money/pay your bills. But it’s too expensive.
Hire a coach.
A coach brings their proven plan. The Fenix Path works. That’s the easy part. The unknown is whether or not you’ll stick with it.
Does it matter which one you choose? YES! But no one is going to make the choice for you.
Wing It
These people don’t screw up their lives on purpose. They just don’t know any other way. They’re just winging it because that’s what everyone else is doing. No one has it figured out.
Don’t believe me? Go ask your family, friends, coworkers, and neighbors. People that wing it are doing what their environment tells them to do.
Go to college, Get a job, Buy a house, Adopt a pet, Have 2-3 kids, Pay your bills, Hope that you don’t screw everything up by 67+, Die. The people that choose this path don’t usually do it consciously. They’re forced into it.
How high is the success rate of this plan? Pretty damn low.
These people hope for luck, but they rarely have any. Something ALWAYS happens: they get in a car accident, they lose their job, the air conditioner breaks, the kid breaks their arm, the electricity bill is too high, the home insurance bill shows up, they get a speeding ticket…there is ALWAYS an emergency.
DIY (Do It Yourself).
This is the path I chose. Trust me when I tell you that this is NOT the way to go!
After moving 5 steps forward, I consistently found myself 3 steps back. I would get ahead to only get my ass kicked by my stupid decisions.
Although I eventually became a millionaire, it took me more than twice as long as it could have. I am the exception, not the rule. I am not special. I don’t have some anointment by god. I got lucky after putting in an obnoxious amount of work.
The worst part, this path cost me TONS of money because I made countless mistakes that could have easily been avoided. There were so many missed opportunities and so many costly errors. It’s so apparent to me now, but it wasn’t then. If you want to repeat all that, go ahead. But that’s stupid, just so you know.
Could this path work for you? Sure, but the opportunity cost is high and the risk is unreasonable. Also, you have to be pretty savvy, stubbornly dedicated, willing to shut out people in your life. Even then, consider the cost, the wasted time, and the myriad of avoidable mistakes that could have been avoided with a little guidance…
Learn from my mistakes. Make your own.
I am not a “do as I say, not as I do” kind of person. I’m never going to ask you to follow a path I haven’t paved before you. I am not better than you. We are equal; we are on the SAME path. I am just farther ahead on this destination than you. Everything on The Fenix Path has already been fully proven with actual experience from 15 years of clientele before you ever came along.
What is the wiser decision: 12 weeks of graded and progressive teachings that put you on a freeway to financial freedom, or 15-20 years of getting your ass kicked by poor decisions?
I didn’t have the luxury of a coach when I went through this. They were few and far between. There was no comprehensive course for people like me. I did it the hard way because it was smarter than hiring a professional advisor, not to mention un-godly expensive.
Hire a Professional.
Having an advisor handle your financial plan is the second most common path, second only to those that don’t have a plan at all.
Why is that? Is it because it makes the most sense?
Who wants to figure out their own financial plan? It’s confusing, has fancy language, is extremely complex, and you have to be super smart. You don’t have time for this, right? You’re busy. You got a job, maybe some kids to get to baseball practice, gotta get dinner on the table, meals prepared, and amongst all that you’re supposed to find time to enjoy your life. You work hard; you deserve it.
Let the experts do that stuff. You wouldn’t diagnose yourself, you probably wouldn’t fix your own car or build your own home. Why the hell would you create your own financial plan? You should hire professionals who specialize in that stuff.
You visit a healthcare provider when you’re ill because they study medicine. You hire multiple contractors (plumber, electrician, and HVAC contractor) to build your house. Only an idiot would try to do these things on their own. Financial advice is the same situation, right?
WRONG!
Do you know how financial advisors make money? They make money with your money! Financial advisors make money when they increase their company’s Assets Under management (AUM). The more assets that their company controls, the more the company makes. Let’s be clear. These people are in SALES. They are not personal finance experts.
They make money if they sell you stocks, mutual funds, and other investment products. They get paid management fees and transaction fees but don’t give a shit if you make any money at all. If you pay them higher fees and expense ratios, they increase their profit at the expense of your returns. Their loyalty isn’t aligned with your success.
In addition, these people give extremely biased financial advice. The worst part is that nearly all of these plans are useless. There are countless resources that show that your performance with these people isn’t much better than the index.
Financial Advisors have plans that ignore wealth creation.
This sounds crazy, right? It’s true. Remember, they’re salespeople. They sell investment products. They need you to keep your job. There’s no plan to free you from the 9-to-5. They can’t sell you anything if you’re not making money. So what they are actually offering you is a plan for parking the wealth you earned elsewhere in the products they recommend, not a plan for creating wealth in the first place. Careful with these people. They will make you think that their products are the solutions to problems that you don’t have.
Their plans only address one part.
These people only sell you paper assets (stocks, bonds, mutual funds) that they are authorize to sell you. There are other investment vehicles like real estate or businesses. They also don’t help you establish a Spending Plan and all the other components that should make up a comprehensive wealth strategy.
You have to give up control to the stock market.
These plans require no action. It’s completely passive. Because of this, you have very little control. Just give your broker/advisor all the money you earn somewhere else and hope their investment allocation abilities is wise enough to make you rich. Don’t forget to pay their fees and give them your money. Your financial future is out of your control.
You advisor isn’t going to teach you.
You’ll walk out of the financial planner’s office no wiser that you were when you walked in. You will learn no concepts that will empower you to make profitable decisions that grow your wealth. They just want you to keep your mouth shut and keep paying up.
In the end, sign up with these people and you can expect to get a plan that is biased, conflicted, and inadequate.
The sad truth is nobody is ever going to care more about your money than you.
You can delegate authority over your money, but you can never delegate responsibility.
Hire a coach.
It is by design that the financial world seems so complicated. If these things are kept confusing and mysterious, you will never attempt to free yourself. This is not a consequence of this system; it is a feature.
The Fenix Path increases your financial literacy using concepts that are simple to understand. In addition, you will be surrounded by a like-minded community of people on the same path.
The Fenix Path works. The biggest struggle to achieving your financial goals is YOU. In fact, the first thing I do with every new coaching client is make sure that they know who they are and what they want. I don’t take on every client I meet. I only have so much time. I want to make you you are committed and that you financial efforts won’t be wasted, or rewarded.
The Fenix Path is the knowledge, insights, and strategies that I wish I knew in 2003 when I was getting my ass kicked by my poor financial decisions. This plan can help you avoid huge mistakes that cost you money and delay your goals.
Best of all, choosing The Fenix Path is a no-brainer when compared to the other three alternatives. After all, Winging It & DIY are wasteful and inefficient since they require you to take action without a clear plan, and hiring a professional is conflicted and incomplete because most of what creates wealth can’t be sold to you. The truth is, your advisor has no business model or incentive to help you figure it out.
No one is not going to build your wealth for you. No one will organize and live your life in a way that makes your financial goals a reality.
Be realistic. You must do it yourself.
So that’s it.
There are only four paths to choose from, and you’re going to take one of the paths, whether you want to or not. So which path are you going to choose?
The Fenix Path is the obvious choice.
But don’t take my word for it. I biased obviously. I created the course and am obviously offering it to my clients.
For this reason, I offer the online course free for a week. Try it. If you don’t see it working for you, cancel. No love lost.
The same is true about the Personal Coaching. I give a week of the program for free. If it’s not for you, I’ll give you all your money back. If after the first 30 days, you don’t feel this is for you, I will give you all your money back.
No questions, no gimmicks, no hoops, no tricks. I care about your satisfaction. I know that once this works for you, you will tell your friends and family.
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