Every day I educate people how to responsibly protect and preserve their money, and during this process I have discovered that people are afraid to take control of their money. Many stay in their same comfort zone and have justified every excuse for failure.

You need to change the way you think about your money, and you must accept responsibility for protecting and preserving your money. What excuses are there to permit someone not to treat your money with the respect, love and care you deserve? When did it become acceptable for you to lose 40 or 50 percent of your money?

Here are some common excuses that indicate you are not protecting and preserving your money:
1. Everyone lost money, but I lost less than others did.
2. I’ve been with them for years.
3. I’ll hold it until it goes back up and then sell it.
4. I don’t even open my mail. I can’t bear to see how much it has gone down.

Did you think I was bashing your advisor for your IRA’s and Brokerage accounts?

If so, you really need to change the way you think about your money.

Many people are losing 40 percent of their money to pay for health and long-term care. Others are losing 40 percent of their money to the government or that frivolous law suit.

Protecting and preserving your money is an all encompassing process that requires a head coach to execute the plays. Has your coach taken action to protect and preserve your money with a game plan that addresses the following?
1.    health insurance
2.    long-term care insurance
3.    liability insurance
4.    principal protected investments
5.    maximizing your lifetime social security benefits
6.    reducing the tax monkey off your back.

I urge you to join the ranks of the prepared. When you change the way you think about your money, you will have taken care of the most important thing: YOU!

The simple truth is the less you plan, the more you pay.

Charles has master’s degrees in Taxation, Accounting & Education. Charles can be reached at 954-559-8556 or at charles@cehow.com.