Income Engineering

James Michael Rankin

Description

This unique book will provide you with a unique insight into financial matters. You will learn the seven step process for financial independence. You will learn about the creation of wealth, budgeting, insurance needs, retirement planning and investing. There is a wealth of information on the subject of creating your wealth in this book. James M. Rankin captures his thirty-eight years in the financial industry to assist you in your quest to be financially sound. Income Engineering is a book that you will want to keep on your shelf to refer to time and again to make the right decision at the right time. It is financial literacy at its best.

Sujets

• Securities
• Investments
• Economie gestion
• Economics
• Business

Informations

• Publié par: eBookIt.com
• Date de parution: 19 novembre 2021
• Nombre de lectures: 0
• EAN13: 9781456637088
• Langue: English
• Poids de l'ouvrage: 4 Mo

Extrait

Income Engineering for the Consumer
By James M. Rankin
Income Engineering for the Consumer Copyright © 2017 James M. Rankin.
Selected materials copyright Moody Insurance Group, used with permission.
Printed in the United States of America Limited Edition
This publication may not be reproduced, stored in a retrieval system, or transmitted in whole or in part, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher.
Library of Congress
Catalogue Card Number Pending ISBN 978-0-9799538-0-4
Left Brain/Right Brain Publishing, Inc. 9096 Jamaica Beach
Galveston, Texas 77554
[phone]
[e-mail]
Typesetting by Jo Landers www.jolanders.com Cover Design by Sara Tavenner
Edited by Paul Harrington
 
Dedicated to Mr. Robert L. Moody, Sr. for his encouragement and insights that have assisted me throughout my career. He has been like a father to me both personally and professionally.
Acknowledgements
Embarking on a new project is always challenging; however, when you have a great team behind you then the journey is pleasurable.
I wanted to thank a few members of my team starting with Marta Warren, who has been my right arm this year in my department and Karen Cubero who always is questioning everything that brings a clearer focus on the subject at hand. A special thanks to Paul Harrington for his willingness to read, study and edit the project. The talented Sara Tavenner for her cover design along with Jo Landers for the typesetting and being a soundboard for the book. I am very grateful for the hundreds of financial brokers who I have had the opportunity to work with in my career and that is why I wrote this book.
I would be remiss if I did not send out a special appreciation to my close friend Robert L. Moody, Jr. who started with me in the industry back in 1982. We have weathered the peaks and the valleys of this wonderful industry. It is my hope that you will take an active interest in your financial life and that you will learn something of value in this book that can benefit you for a lifetime.
 
Table of Contents
Acknowledgements
Introduction
The Paved and Lighted Path to Financial Independence
There are two ways to get earned income:
Taxable earned income includes:
- Wages, salaries, tips, and other taxable employee pay;
The Need for an Income Engineer
The Creation of Wealth
Here are the three questions as follows:
- Where have you been?
Promise Yourself:
To Be So Strong That Nothing Can Disturb Your Peace of Mind:
To Talk Health, Happiness and Prosperity to every person you meet:
To make all your friends feel that there is something in them:
To look at the sunny side of everything and make your optimism come true:
To think of only of the best, to work only for the best, and to expect only the best:
To be just as enthusiastic about the success of others as you are about your own:
To forget the mistakes of the past and press on to greater achievements of the future:
To wear a cheerful countenance at all times and give every living creature you meet a smile:
To give so much time to the improvement of yourself that you have no time to criticize others.
To be too large for worry, too noble for anger, too strong for fear and too happy to permit the presence of trouble.
Income Allocation Plan
A Clever Sales Idea Reemerges
The Protection Principle
The three logical options are:
- Pay for the service out of their pocket.
The Tax Investment Allocation Model
Income Engineering Risk Tolerance Worksheet
Growing Growth on your Nest Egg
Reinforcing Retirement Income
The Logical Choice for Retirement Success: ROTH Options
20 Point Checklist for Pension Plans:
Product:
- What are the fees for administration services?
Tax Deferral:
- How do you make your financial decisions?
Twenty-Five Point Checklist
A Unique Investing Strategy for the Conservative Investor
The Distribution Stage:
Leaving a Lasting Legacy
Making Your Impact Felt Beyond This World
Adding Advocacy for Accountability
Conclusion