3 Dimensional Wealth - July 2022

3 Dimensional Wealth - July 2022

3 DIMENSIONAL WEALTH LIVING

July 2022

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3DimensionalWealth.com

WHAT’S THE DIFFERENCE BETWEEN CASH AND KASH? AND WHY BOTH ARE IMPORTANT FOR YOUR FAMILY

INSIDE ISSUE

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What’s the Difference Between Cash and KASH? Teaching Our Kids About the Value of Cash and KASH

I was on a European tour with a doctor who had succeeded not only in his practice, but also in financial planning. He was wealthy and lived a lavish lifestyle. He owned three airplanes, several exotic cars, and properties in fabulous places. However, he told the story of having recently purchased a Ferrari — something he’d always wanted to add to his collection — only to realize he didn’t really care to have the showpiece. He sold it within the first month. Clearly he was discovering that “things” don’t necessarily bring the satisfaction the world tells us they should. He provided well for his children, paying for everything throughout their lives, and allowed them full access to the planes, cars, and wealth. But he was mystified why they lacked a sense of responsibility and work ethic in their own lives.

able to take his abundance, capitalize on it, and catapult the next generation into even more abundance.

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He was just coming to experience that handing his wealth to his children (dumping fish in their laps), without requiring them to put some skin in the game (teaching them how to fish), was only discouraging growth and encouraging unnecessary consumption.

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Travel Destinations for 2022

I was sharing with him some of the principles of the 3 Dimensions of

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Authentic Wealth, and we discussed how families should accumulate what I call KASH (Knowledge, Attitudes, Skills, and Habits) alongside their accumulation of cash.

A Blueprint for Education

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Design Your Own KASH Blueprint Beating Summer Vacation Boredom Should You ‘Test-Drive’ Your Retirement? A Blueprint for When You’re Gone How IUL LASER Funds Can Fuel Your Future Teen Life Skills

He decided to invite his son to attend an upcoming event I was teaching so they could begin exploring these principles together. Disappointingly, his son declined the offer. The doctor was dismayed at his son’s ambivalence. Sadly, like the world’s major civilizations who rise and fall, many families are at risk of forgetting what got them there, and can tend to put themselves in jeopardy of losing it all.

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He had wanted to be a good parent, and thought by providing for them, they would be

This is why teaching our families how to accrue KASH is just as valuable as showing them how to accrue cash.

Take your family from “me” to “we” with values-based

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strategies. Order your free copy of Doug’s bestselling book, “Entitlement Abolition,” by scanning this QR code!

In fact, the two can become powerfully intertwined, each acting as a catalyst for the other.

Think of it: As you add to your Knowledge and Skills, you can put yourself in a position to lead a successful career.

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As you adopt positive Attitudes like gratitude, responsibility, and accountability, you can thrive in your profession and in your relationships. As you hone better Habits, like a healthy diet and exercise, you’re able to continue toward further success in all areas of life. As you teach your children and grandchildren to do the same, they’re empowered to prudently leverage the family’s cash, or Financial Dimension, ... CONTINUED FROM COVER

and compound the family’s KASH, or Foundational and Intellectual Dimensions.

In the years since, their policies have grown enough that they could currently take as much as $200,000 in tax-free retirement income if they chose to. They do have other sources of income, though, so they are content to let their policies continue to grow for an eventual wealth transfer. Since their death benefits are already double the amount they originally put into their IUL LASER Funds, this has proven an optimal estate planning strategy for the Romanos. The Romanos are also intent on transferring their KASH to their posterity. They have used 3 Dimensional Wealth tools like the KASH Blueprint, which has guided the establishment of an Equal Opportunity Trust (a revocable living trust with rules of governance for equal opportunity, rather than equal distribution).

To share a real-life client’s example included in my book, “The LASER Fund,” the Romanos had built a health and wellness practice for over 40 years and were getting ready to retire when they learned about The IUL LASER Fund (a properly structured, maximum-funded Indexed Universal Life insurance policy). Over the next five years, they created a total of four policies, repositioning assets that had been in traditional low-interest savings accounts, IRAs, and 401(k)s. They were glad to see this money now safe, liquid, growing tax-free with predictable rates of return, and positioned to transfer to their children income-tax-free upon their passing.

TEACHING OUR KIDS ABOUT THE VALUE OF CASH AND KASH AMERICAN FLAGS AND HARD WORK

To reinforce financial values, we pay the kids in three “envelopes:” 10% goes to church tithing or charity, 20% to savings, and the rest is for their own discretionary spending. To emphasize the importance of saving money for long-term goals, we match their 20% in savings dollar for dollar. Ethan is well on his way to saving up the $10,000 he’ll need to serve a two- year mission for our church when he’s 18 years old, and this year, he’s also earning money taking on some of the flag business’ managerial tasks. Our daughters, Taylor (almost 11 years old) and Emily (almost 8 years old), have joined the enterprise, with their sights set on beating their brother’s sales totals someday. It all started as a way to teach my kids the value of hard work, entrepreneurship, and being self-reliant. In fact, our venture incorporates a lot of the same principles my dad and mom taught my siblings and me growing up: accountability, responsibility, teamwork, and making the most of an opportunity.

The mornings start early for us on holidays like Memorial Day, Flag Day, Fourth of July, and more.

I think as parents these days, we all struggle to motivate our children to adopt habits that lead to 3 Dimensional Wealth. Back when my grandpa was growing up on a farm, life naturally taught him these lessons. But as society continues to evolve, things get easier and easier, and kids don’t have access to the same resources our parents and grandparents did. My wife, Harmony, and I are focused on instilling 3 Dimensional Wealth principles, and it’s exciting to see our kids already understanding the value of accruing KASH alongside cash.

We load American flags in our cars, and a handful of parents drive the kids throughout the neighborhood, posting flags in the yards of our neighbors who have signed up for the service. Just before sunset, we make the same rounds, gathering the flags and storing them safely until the next holiday. It’s a venture I started for my son and a couple of his friends when Ethan was just 7 years old. Now he’s entering high school, and our little operation has grown to include about 30 kids and over 250 customers throughout our area. Each child makes 20% in sales commission, signing up customers door-to-door, and everyone makes the same hourly wage for flag installation and takedown. Our top earners are now earning about $1,500 a year.

–Emron Andrew

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Travel is at the top, or near the top, of most people’s bucket list — so with summer in full swing, now is great time to plan a vacation to remember. Here are four must-visit destinations and some bonus tips to help with your travel planning! BARBADOS For those looking for a gentle and laid-back tropical vacation with easy-to-access attractions, Barbados is a fantastic option. From its sparkling turquoise waters to the soft, white sandy beaches, relaxation and rejuvenation are certainly achievable here. The island is relatively small with a flat terrain and many guided bus tours, making it easy to navigate and explore. EXPLORE THIS SUMMER! TOP 4 TRAVEL DESTINATIONS FOR 2022

Now their children and grandchildren have specific parameters to ensure that those who want to access the money in their family’s Legacy Bank will be able to do so for things like college, religious and humanitarian missions, weddings, business ventures, and more. By utilizing The IUL LASER Fund, outlining their KASH Blueprint, and establishing an Equal Opportunity Trust, the Romanos will pass along far more, in every aspect of life, than they ever thought possible. The KASH Blueprint, Equal Opportunity Trust, and Legacy Bank are 3 Dimensional Wealth tools explained in more detail throughout this newsletter and in my book, “Entitlement Abolition.”

I invite you to read on to explore ways to fortify your family and pass along a 3 Dimensional Wealth life of abundance.

Travel Tip: The Mango Bay Hotel on the west coast and the Coral Sands Beach Resort on the south coast are both popular resorts for your stay!

– Doug Andrew

TUSCANY, ITALY Visiting the countryside of Italy is a less expensive way to see the beautiful and historic country. Tuscany offers beautiful art and architecture and has so much to explore. You can take many train and bus tours, and from Tuscany, you can visit larger cities and attractions such as Florence or the Leaning Tower of Pisa. This way, you can tour those cities without the expensive price tag of lodging there.

TAKE A BREAK WITH SUDOKU

Travel Tip: If you have older folks in your party, many trains offer senior discounts in Tuscany!

ST. MARTIN/ST. MAARTEN If enjoying the tropics by day and hitting the casinos by night seems like a great vacation to you, then St. Martin/St. Maarten sounds like the perfect travel destination for you! Both sides of the island offer many tours and views as well as beaches to relax and catch some sun! Travel Tip: St. Martin and St. Maarten are each part of the same island. On the north half, St. Martin is governed by France, while the south half, St. Maarten, is governed by the Netherlands. JEKYLL ISLAND, GEORGIA If you’re looking to stay within the country, Jekyll Island is a perfect place to get away while still feeling at home. With beaches, fishing, biking, golf, tennis, and Sunday dinner dances, Jekyll Island has many activities to keep you busy.

Travel Tip: The Grand Dining Room at the Jekyll Island Club Resort has many gourmet dinner events.

As you plan your trip, consider making it more than a sight-seeing adventure. You can create meaningful moments by transforming it into a Family Retreat with a Purpose instead! Our June newsletter was filled with tips for planning these values-packed getaways. If you missed it last month, head to WealthIn3D.com to log in, check out the June newsletter, and download our Family Retreats with a Purpose planning guides.

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A BLUEPRINT FOR EDUCATION

Rethinking who pays for college … and how

What would you say if we told

you, “You should NOT be paying for your child’s college education?” While that notion can take many people aback, when you consider education from a perspective of empowerment rather than entitlement, the illumination dawns. When your children take ownership for paying for their college education, things shift. Education is no longer “something they deserve,” along with a nice juicy career that “the world owes them” at the end of the degree; it’s something they are investing in. In his book, “Entitlement Abolition,” Doug tells a story about his daughter Ashley, who, after spending a semester abroad in Israel and Egypt, had her eye on another semester abroad in New Zealand.

You see, we’ve found that when children are the architect of their future, the accountability falls on them, for better or for worse, and they naturally own the situation. Many of our clients have implemented a similar approach to their children’s education. Becoming a lender is often easy for them, as they can access money from the financial vehicle we propose for many of our clients, The IUL LASER Fund. It enables them to fund the education tax-free, and the children’s repayments simply go back into the policy to go on and earn additional interest over time. However you do it, we recommend that you include rules of governance for education in your family’s KASH Blueprint. Empower your children and grandchildren to take part in funding their own education by pursuing scholarships or borrowing from you, with a plan for repayment.

When she went to her parents to share her idea, they replied, “Sounds good, Ashley — do you have your Solution Formulator?”

(The Solution Formulator is a goal-planning document, one of the many 3 Dimensional Wealth tools discussed in “Entitlement Abolition.”)

An hour later, Ashley returned with her plan. She would sell her car to cover most of the expenses and ask for a $1,500 loan from her parents to cover the rest. She would repay the loan when she returned—at $500 a month for three months.

Doug and Sharee agreed but extended the loan repayment to $300 a month for six months to allow Ashley to buy another car sooner.

The loan was approved; Ashley grew from her incredible learning experiences in New Zealand; and true to her word, she repaid the loan when she returned.

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DESIGN YOUR OWN KASH BLUEPRINT

Empower your family’s abundance — download

ENSURE YOUR FAMILY’S POSITIVE KASH FLOW

Does your family have a Legacy Bank?

governing principles for leveraging financial assets for KASH-related endeavors. These strategies can apply to every practical financial aspect of life, such as:

the KASH Blueprint:

What does that mean, and how can you leverage it to accrue Authentic Wealth?

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In Doug’s book, “Entitlement Abolition,” he teaches that a Legacy Bank is a conceptual bank, a repository for all of your family’s Foundational and Intellectual assets as well the guiding principles for utilizing your Financial assets. Since the Financial assets (cash) can support the growth of KASH (Knowledge, Attitudes, Skills, and Habits), it’s critical to be intentional about how that cash is used. So how exactly can you organize your family’s Legacy Bank to ensure your family’s “KASH flow” stays positive?

Education

Emergency needs

how their six children would pay for their education (see more in the article on the opposite page, “A Blueprint for Education”). The KASH Blueprint strategies also helped Doug and Sharee outline how children or grandchildren could borrow from the family bank for things like cars or emergencies. And the same principles are in play with the next Andrew generation (see Emron’s article on pg. 2, “American Flags and Hard Work”). As our gift to you, discover how the KASH Blueprint can help ensure your family’s 3 Dimensional Wealth now and in the future. by a bit of novelty. You don’t have to travel far to enjoy nature — you just need a backyard, a tent, and some sleeping bags. The prospect of spending the night outside will sound thrilling to most kids. If the children are young, make it a family affair with a campfire, roasted marshmallows, and songs. Let older kids invite some friends for a unique sleepover, complete with flashlight tag and scary stories. PLAN A GRANDPARENT’S CAMP. As we noted in our June edition of the newsletter, Grandparents’ Camp is an unforgettable way for grandparents to host the grandkids for a few days’ event full of adventure and values. Check out the article, “Send Your Kids to Camp … Grandparents’ Camp” by logging in at WealthIn3D.com. Summer will be over before you know it, but you and your family can have more to show for those months — and great memories, too! Forget about “I’m bored,” and prepare yourself for a new mantra: “When can we do that again?”

Business ventures/loans

Personal loans

Supplemental income

Weddings

Personal residence

Family enrichment, retreats, and vacations with a purpose

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Charitable distributions

Religious, humanitarian, or charitable missions

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Health/medical care

The KASH Blueprint can help you put together an overall plan for maintaining — and even increasing — KASH for generations to come.

By putting a plan in place—with a KASH Blueprint.

The KASH Blueprint is a guide that walks you and your family through outlining

For example, Doug and Sharee used KASH Blueprint principles to outline

‘WE’RE BORED, THERE’S NOTHING TO DO!’

KEEPING KIDS ENTERTAINED THROUGH SUMMER

Kids look forward to summer vacation all year long, but it often only takes a few days before the “I’m bored” whines begin. It gets worse; many kids will happily spend months staring at their devices, wasting time they’ll never get back. So, how do you encourage your kids and grandkids to be active, keep them entertained, and help them develop their Intellectual and Foundational Dimensions? Here are four places to start. MAKE A SUMMER BUCKET LIST. It even happens to adults: We blink, and the season is over. All those things we “meant” to do somehow end up having to wait another year (or more). Don’t let that happen to you or the younger ones this year. Make sure everyone gets their fill of summer fun by making a list of can’t-miss activities. Include staples like visiting the pool or the zoo — but also entertain ideas about backyard crafts and water balloon fights. Don’t forget to incorporate plenty

of things the kids can do at or near home. The next time they’re bored, point them to the list and urge them to complete one of their activities. LEARN SOMETHING NEW. Hear us out — this is designed to be fun. The goal here isn’t to make kids memorize multiplication tables over summer break. (Though, if you suggest it, they might find something else to do very quickly!) What interests do the kids have? Whether it’s firetrucks, dinosaurs, fashion, or something else entirely, they have countless opportunities to learn more through your local library or the internet. You don’t have to restrict them to book learning, either. The kids might love the opportunity to try countless hobbies like sewing, sculpting, or even gardening.

CAMP CLOSE TO HOME. Most kids love the outdoors, and they’re easily distracted

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‘TEST-DRIVE’ YOUR RETIREMENT SPOT

Have you heard? There’s a new trend for pre-retirees: test-driving retirement destinations, just like new cars! Thanks to remote work, many folks in their 50s and 60s can spend weeks or months immersing themselves in potential retirement destinations. With a long-term rental or RV (and good Wi-Fi), you can soak up a place’s culture, weather, and way of life. This strategy worked perfectly for Rutgers professor Barbara O’Neill. According to AARP, O’Neill left her home in New Jersey to test- drive the community of Ocala, Florida, several times over three years. She spent nine months there on sabbatical and working remotely before falling in love with Florida and buying a home. Of course, that doesn’t mean test-driving retirement is right for you. You’ll experience the perks and pitfalls of your retirement spot. A Google search of “Palm Beach, Florida” can give you a bulleted list of the city’s pros and cons, but it can’t let you experience them. Is the coffee actually good? Is the humidity annoying or just downright unbearable? You’ll only know if you make the trip yourself. • You’ll see past the “vacation bubble.” As one wealth manager told AARP, “When you’re living there full time, it’s a different lifestyle than when you’re on vacation.” THE PROS • The Pros and Cons of Long-Term Stays

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You’ll build confidence. You’ll find out for sure if your retirement spot is right for you.

THE CONS •

Test-driving is expensive. Airline tickets and gas can be pricey and so can testing all of the “experiences” of a new place like restaurants and excursions. If travel isn’t in your budget, this strategy may not be for you — yet. • Not everyone has work flexibility. If you or your spouse has a career where remote work isn’t an option, test driving may not be feasible. Instead, consider waiting for retirement, then using an RV to visit multiple locations before buying a home. If you think test-driving your retirement is for you, schedule several extended stays in different seasons (Airbnb and Vrbo are your best friends). Consider your spouse’s reaction, the weather, cost of living, tax situation, health care options, and distance from family, too. While you’re contemplating your retirement life, don’t forget that you’ll need to reach that stage with financial peace-of-mind. If you haven’t already, explore how to break free from the tax trap and plan for retirement with an IUL LASER Fund. To learn more and snag your free copy of “The LASER Fund” book, visit LASERFund.com.

for generational wealth. It brings new life and resources to future generations in a way that fosters responsibility and accountability. With an Equal Opportunity Trust, you have in writing a plan for your children, grandchildren, and future generations to continue carrying out the rules of governance you’ve outlined in your KASH Blueprint. They will be able to borrow from the “family bank” for things like education, charitable efforts, personal emergencies, and more. As they repay the family bank at low interest rates, the cash continues to fund the KASH in perpetuity. As the money in the bank is placed in smart financial vehicles, such as IUL LASER Fund policies, it can continue to grow as well. For the Andrew family, Doug and Sharee have put together an official, written Equal Opportunity Trust document that encapsulates their

rules of governance for situations like taking “loans” from the family bank for education, religious missions, business ventures, etc. Beyond outlining guidelines for just their Financial Dimension, it includes their approach for capitalizing on the Foundational and Intellectual Dimensions of Authentic Wealth, as well. When they ultimately pass on, their children and grandchildren will be able to turn to these rules of governance to carry on their legacy in all 3 Dimensions. Imagine your future generations reaping the rewards of your efforts now, as you guard against entitlement and fuel empowerment. The possibilities for growth and strength are endless. Seize this moment, use the KASH Blueprint to plan your rules of governance for your Equal Opportunity Trust, and shore up your legacy for great things to come.

As you outline your KASH Blueprint, there’s an important life event to plan for: when you’re gone. Although somber to consider, none of us gets out of this life alive, and ensuring that our family is prepared to carry on our legacy of 3 Dimensional Wealth can be one of the most important things we do. When you think of passing on your financial assets, typical estate planners recommend equal distribution. But as Doug explains in his book, “Entitlement Abolition,” that approach often leads to a “divided we fall” effect, causing a “what’s in it for me” mentality, potential resentment among children or grandchildren, and eventual dissipation of wealth. A BLUEPRINT FOR WHEN YOU’RE GONE Setting Your Posterity Up for Success

On the other hand, you can take an Equal Opportunity Trust approach, which sets the stage

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READY TO SUCCEED 3 IMPORTANT LIFE SKILLS TO TEACH TEENS

What do liquidity, safety, predictable rates of return, and tax advantages have to do with your family’s everyday life of abundance? HOW IUL LASER FUNDS CAN FUEL YOUR FUTURE GENERATING CASH FOR KASH

Leaving the nest can be tough for young adults. There are so many things to remember, like making sure they have all the right supplies and hanging on to important paperwork. If you have kids or grandkids approaching college age, now is the perfect time to give them the Intellectual and Foundational Dimension tools they’ll need to build good Habits as part of their KASH (Knowledge, Attitudes, Skills, and Habits). Keep reading for three skills the teens in your life should develop now to live “above the line” in the zones of accountability and responsibility when they’re adults. HOW TO ASK FOR HELP Being capable starts with understanding what you need and asking for it. By having your children or grandchildren order their own food at a restaurant, make medical and

A lot.

Savvy financial strategies can be a generator for your family’s future. If you think about it, a generator provides electricity for everything from big machinery to an entire hospital. Too often, conventional financial strategies tell you to approach your future by “charging up your retirement battery” just enough to hope that you’ll have funds that last as long as you do. But why settle for a limited supply? Why not benefit from a generator that can last, the kind that is charged up with safer, predictable voltage — like an IUL LASER Fund that can provide access to income-tax-free money today and a death benefit for tomorrow? What’s more, that death benefit transfers income-tax-free to your heirs, who can in turn place the money into another IUL LASER Fund, providing ongoing, perpetual power for the next generation. Throughout this issue of the newsletter, we’ve talked about the value of both cash and KASH. Strong financial vehicles like the IUL LASER Fund can provide you and your family tax-free access to cash for everything from education to business ventures, real estate investments, emergency needs and more. For real-life examples of how families have leveraged IUL LASER Funds for their KASH endeavors, you’re invited to order “The LASER Fund” book free — just pay shipping and handling. You’ll learn how to harness strategies that can power all 3 Dimensions of Authentic Wealth, so you and your family can enjoy a well-rounded journey toward abundance.

dental appointments for themselves, and check out at the supermarket alone, you’ll be helping them develop independence while encouraging them to take the lead.

HOW TO SEAMLESSLY GET FROM POINT A TO POINT B When teens leave the house, they’ll be traveling on their own on a bus, on a plane, by car, and by foot, so they’ll need to understand how to navigate airports, subway stations, bus hubs, and roads. Ask them to give you directions when describing how to get to the mall or have them even drive you there if they are licensed. This will reduce stress during solo travels, and they’re less likely to feel overwhelmed if plans unexpectedly change. HOW TO HANDLE EMERGENCIES When children are fairly young, they learn how to call 911 in the event of life-threatening and serious emergencies. But other emergencies tend to pop up in life that don’t necessarily warrant a call to the police. Show them how to put on a spare tire, turn off utilities, patch a hole in clothing, and other basic but necessary skills so they don’t panic when something goes wrong in their dorm room or on the road.

Explore how these strategies can free you from the tax-trap and empower your financial future. Order your FREE copy of The LASER Fund book here:

As a parent or grandparent, you can support your children or grandchildren in learning the right skills, set them up for success and independence, and ensure they can take care of themselves when they finally go off on their own.

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3 DIMENSIONAL WEALTH LIVING

ALSO IN JULY’S ISSUE ...

Design Your Own KASH Blueprint page 5 How IUL LASER Funds Can Fuel Your Future page 7 Teaching Teens Life Skills page 7

Essentials for Creating Your Legacy of Authentic Wealth

WHAT’S IN YOUR FAMILY’S BANK — CASH OR KASH?

What is KASH, and why is it just as important to accumulate as cash? Discover critical steps you can take to build a more abundant life for you and your family. Read more on Page 1 …

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