Circle of Wealth

The Circle of Wealth ® system is built around a simple, 10-step planning process combined with software modules that serve as a "visual storyboard" to help the advisor clearly communicate how money and wealth accumulation really work. The system takes the client through a range of discussions, including taxes, qualified and non-qualified plans, mortgages, the accumulation and distribution of assets, and the overall wealth-building process. It explores the effects of "transferred money" and the "opportunity costs" associated with those lost dollars.

The Circle of Wealth is a system, created by MoneyTrax, Inc., to help with the understanding of your money. Each of us has a "Circle of Wealth" consisting of the money we spend on our lifestyle, the money we accumulate for investments, and the money we transfer unknowingly and unnecessarily. Circle of Wealth uses some basic concepts from economics such as Opportunity Cost and the Time Value of Money. When you work with one of the partners at The Insurance Smith, you will develop a sharpened appreciation for the benefits and costs of various financial products, the way to handle your mortgage and retirement savings, and how to choose among competing claims on your money.

Career Perspective focuses on the Circle of Wealth, from defining your passions to assembling plans and strategies. Once you've completed this course, you will have a clear vision of where you are going and how to get there.

At The Insurance Smith, we use a licensed product, Circle of Wealth, to customize and communicate a plan based on your goals and future expectations. We provide you with safe, legal solutions to your financial goals, and focus on stopping the transfer of wealth to third parties while minimizing your lost opportunity costs.

Unfortunately, the average American's finances look an awfully lot like that bucket. Money is leaking out of our circle of wealth faster than we can earn more. Did you know the average American family pays 34.5 cents out of every dollar they earn in interest alone? Consider unnecessary taxes paid and opportunity costs lost, and we could be looking at 50 to 60 percent of our wealth being transferred away from us, many times without our consent or knowledge. The "Circle of Wealth" process focuses on achieving an investor's most important goals, and results in an investment strategy that significantly increases the likelihood of meeting those goals.