Taylor Swift's $5 Billion Tour...

???Learn: Use financial defense for less stress and better results

Have you experienced this with your finances?

Everything is at risk. Even with large amounts of wealth it is stressful. It seems so easy to make the wrong choices, but tough to make the right ones.???

A good first step is separate assets into offensive and defensive assets:

Defense is what keeps you from jumping off the ledge when markets go the wrong way. You have other assets and your long term financial picture is secure.

Defense does not always mean low returns! Very often alternative asset plays can outperform the market.

It’s not always about what gives you the best return at every given moment.

It’s about whether you can sleep at night.

We are all emotional, so let’s just be realistic and sensible.

The financial media often makes it sound like you just buy an S&P 500 index fund and everything will be fine.??

Yet if you dollar cost averaged into the S&P 500 from 1997-2013 it only returned 3.5%.

That's 16 years of life. Pretty emotional ride.??

Remember, most financial advice to invest in the market comes from people who get paid when you invest in the market.??

I sell investments as well. But I am not captive to any one particular strategy. I know the market does not need to be (and probably should not be) your primary wealth accumulation vehicle.

The higher the net worth of the clients I have, the lower their allocation in the stock market. The rich do things differently!

We will be discussing this in more detail on our August 2nd LinkedIn Live event. Over 300 people registered so far!? Check out the event here:

https://www.dhirubhai.net/events/5strategiesmillionairesusetocut7087161281811542016/

?? Chart: Taylor Swift’s $5 Billion Dollar Impact

Taylor Swift's ERAS tour, consisting of 52 dates in the U.S. and 131 shows globally, is predicted to gross more than $1 billion while the tour has the potential to generate a staggering $4.6 billion in consumer spending in the United States alone. The FED even noticed and earned her a feature in their most recent Beige Book of economic updates!

Restaurants, bars, and local transportation benefit as concert attendees seek places to dine, unwind, and travel to and from the venue. The hospitality sector experiences a surge in activity, creating a spike in hotel occupancy rates as fans seek accommodation for the duration of their stay.

?? Productivity: Organizing content for writing and inspiration

?Organizing content for writing and inspiration

I read tons of stuff on the internet. In the past I could never find it again or it would get lost in my bookmark folder.

Pocket helps me with this. It allows me to save content from anywhere, sync across devices and provides and easy interface to re-read. You can organize by tags for easy sorting.

???Concept: Tax protection can help you do more good in the world

Currently the top 20% pays .30 cents in taxes for every dollar they earn. But we need to get away from the idea that our civic duty is done just by paying taxes. We need more community involvement:

???Resources:

"5 Secret Strategies Millionaires Use To 5x Their Wealth & Immediately Cut Their Taxes By 50%"?get instant access in the?Wealth For Life LinkedIn Group

Want to brainstorm on financial topics? It's great to have conversations! Click here to schedule a chat via zoom:?https://bit.ly/3JCGpCF

Thank you for reading today and I appreciate your comments!