May 21, 2021 will always be a day that will be remembered in our family.  And the reason why is twofold. It was the day 6 of us, along with a couple cousins, hiked the Grand Canyon from North Rim to South Rim in one day. It was the day one of us almost didn’t …

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10 years ago, Prescription for Wealth made its debut. This small book has stood the test of time, challenging the complex financial schemes of our day with simple truth. Later books, Winning Your Financial Game, Retirement Curveball and Building Sustainable Wealth expound on the principles explained, in a nutshell, in Prescription for Wealth. As simple …

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Note: McFie Insurance its agents, and representatives are not authorized to give investment, legal or tax advice. This article is purely for educational/information purposes. A fiduciary is a person or entity to whom property or power is entrusted for the benefit of the principal/client or other beneficiaries.i Common examples of fiduciary capacity include: The trustee …

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In 1923 a school of thought was founded in Frankfurt Germany which today is commonly referred to Critical Theory but was initially called The Frankfurt School.  The idea of Critical Theory was formulated by a group of Marxists who appreciated the fact that the Revolutionary Socialists had failed in Russia, and the Revisionist Marxist were …

Continue reading “The Connection of Western Civilization, Cancel Culture and Life Insurance”

Uninformed or unscrupulous advisors have been guilty of telling others NOT to purchase life insurance. Their reason for spreading this propaganda varies from being naïve as to how life insurance works, to being over desirous of wanting to manage more of their clients’ money.  Either way, those who listen to such advice lose out financially. …

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In the latter part of the 17th century Isaac Newton, the brilliant young scientist, and Robert Hooke, a learned member of the elite, were at rivalry.  Hooke, who was jealous of Newton’s young brilliant mind, had attempted to smear Newton and keep him from being elected a Fellow of the Royal Society in 1672.  In …

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Paul “Bear” Bryant quipped, “Offense sells tickets, but defense wins championships.”  Few investors or advisors pay enough attention to the downside risks associated with wealth building.  Yet, without using safeguards to defensively protect wealth generated, the risk is high that losses will be greater than the gains scored over the long run. This is one …

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“If I was counseling an individual, and my purpose was to help that individual, the most important thing would be that you should save more.” Says Robert J. Shiller, an American economist, Nobel Peace prize winner, academic professor at Yale University, and best-selling author. Taking note from Professor Shiller, saving money is one of the …

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Equity, debt and hybrid securities are readily transferable units of goods or resources which either provide ownership, the option for ownership, or the right to be paid back on an assumed debt(loan) over a specific period of time.  The idea that securities acquired their name because they keep your money secure is a huge misnomer. …

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Have you ever heard someone lamenting they did not buy and hold stock in Microsoft, Apple, Amazon, or Tesla when those stocks were cheap? A lot of people invest in the stock market in hopes of making their money work for them, but over the long haul, it is rare to find people who do …

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