Money has no value until you’re in a position to spend and enjoy it exactly how you want, when you want, with whom you want.
Core Financial Principles
I’m a believer that money has no value/nada/zilch, until you’re in a position to spend and enjoy it exactly how you want, when you want, with whom you want. Money only measures the value of other things, and I’ve found that most people are locking themselves out of the enjoyment of their own money, and therefore their time. We have no idea how much time we’re going to be given. If it was possible to get more time back with those people and things you care about most, how soon would you want to start doing that?
I educate my clients on how money really works and protect them from the constant transfer of wealth to the Big Three: financial institutions, corporations, and the government. I do this by helping them get rid of their “Financial Junk Drawer”, recover money that is getting away from them, and put it back in their lives where they want it. We call this the Wish List.
Here’s a Formula Used by Most Financial Advisors to Define Wealth
Wealth = M x R x T
M = Money: they want you to think that it takes money to make money.
R= Rate: That more risk equals a higher return
T= Time: That the best things come to those who wait
None of these are true.
Financial institutions play by a different set of rules, and their formula for wealth maximization is this:
WEALTH = mV2 x R x T, where the V stands for Velocity.
This is where they constantly keep their money moving and use other people’s money to minimize their risk and maximize their returns.
Here Is My Definition of Financial Success
1. Maximize Financial Protection for you and your family.
2. Full Efficiency of your dollars at work.
MAX EFFICIENCY = MAX $ SUPPLY + BENEFITS
3. Allow you to be in a position to enjoy the fruit of your labor without fear of running out of money.
4. Be able to have your cake and eat it too. Spend your assets and leave an estate to your heirs.
*Any Financial Decision You Make Should Always:
a. Increase Your Money Supply
b. Increase Your Benefits
Additional Financial Principles I Discuss with My Clients
I Have One Job
To defend and protect your Wish List no matter what happens in life.
Pursuing the Truth
You must remove bias and opinion from financial approach and instead verify with proven economic rules.
Abundance and gratitude
Focused on wants and dreams to create your Wish List as opposed to Needs Based Planning that typical financial advice promotes.
Accountability
You have the ability to create whatever you want, but in order to do so you must maintain control of your money so you can adapt to the ever changing world, and because it represents the time you spent to obtain it.
Four Rules of Financial Institutions
Financial institutions play by a different set of rules than what is taught traditionally.
The Velocity of money
You must keep your money moving (Velocity of Money) to do many jobs, not just one.
Cash Flow vs. Net Worth
Cash flow, not net worth, is our main measurement.
Recapturing Opportunity costs
There is more wealth and more time to be had by recapturing money that is getting away from you than there ever will be in chasing a rate of return, otherwise known as recapturing opportunity costs
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Suite 120
Brentwood, TN 37027
info@ryleysmith.net
Ryley Smith Wealth Strategies is in close proximity to Nashville Tennessee's surrounding cities that include: Murfreesboro, Mt. Juliet, Spring Hill, Brentwood, Oak Hill, Forest Hills, Franklin, Nolensville, & Berry Hill. RS Wealth Strategies Services are not limited to Tennessee residents only.