Author Topic: REAL WEALTH MANAGEMENT  (Read 40830 times)

0 Members and 1 Guest are viewing this topic.

Offline irvinehomeowner

  • The Unicorn Hunter
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 1933
  • -Received: 3420
  • Posts: 19115
  • 3CWG
Re: REAL WEALTH MANAGEMENT
« Reply #90 on: January 08, 2018, 04:52:44 PM »

The list now reads:
1. To have a great marriage.
2. To raise children who are serving God.
3. To be successful in business
4. To see our grandchildren and even our great-grandchildren serve God.
5. To use our resources to tell as many people about Christ as we can.


Seems like #5 should be higher.

And #1 should be "Serve God".

"Serve God" is too broad for a list of goals.  As a Christian, your overall objective is to serve God, but it's not a goal that has a measurable endpoint.

While his list of 5 goals is still pretty broad, they are things he can evaluate each year and measure progress against.

Then how does he measure #2 and #4?

It can be argued that his list is all broad goals. :)
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
I recommend:
www.irvinerealtorsite.com
www.loansbyjw.com

Offline Liar Loan

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 420
  • -Received: 279
  • Posts: 1438
Re: REAL WEALTH MANAGEMENT
« Reply #91 on: January 08, 2018, 05:13:25 PM »

The list now reads:
1. To have a great marriage.
2. To raise children who are serving God.
3. To be successful in business
4. To see our grandchildren and even our great-grandchildren serve God.
5. To use our resources to tell as many people about Christ as we can.


Seems like #5 should be higher.

And #1 should be "Serve God".

"Serve God" is too broad for a list of goals.  As a Christian, your overall objective is to serve God, but it's not a goal that has a measurable endpoint.

While his list of 5 goals is still pretty broad, they are things he can evaluate each year and measure progress against.

Then how does he measure #2 and #4?

It can be argued that his list is all broad goals. :)

That would be up to him to decide.  If his kids are young, then he may not know the outcome for a decade or more.  Grandkids / great-grandkids would be several decades down the line.

Serving God isn't a goal that can be achieved, but more like a mission statement.

Offline Panda

  • "Live a life that will help others financially, spiritually, physically, and emotionally. Live a life that serves as an example of what an exceptional life could look like."
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 244
  • -Received: 336
  • Posts: 1414
  • Gender: Male
  • Location: Johns Creek, GA
    • www.realwealthmanagement.com
Re: REAL WEALTH MANAGEMENT
« Reply #92 on: January 08, 2018, 05:39:11 PM »
IHO,

The 5 items you listed are priorities of David Green in his years of starting Hobby Lobby and his present years.

As we are talking about goals, personally I like to start from the end in mind. In weird way, I start out by writing my eulogy. The first step in real wealth planning is to consider where you want to end up. Nobody plans a trip without choosing a destination. That means writing your own eulogy. What will your legacy be? What will your life mean to those closest to you? What will they remember about you? How will your life have impacted others?

It might feel daunting, but I believe this first step is critical in creating your holistic Real Wealth Plan and then start creating your short term 3 month goals, 3 year goals, and 30 year goals. It will not only help you organize your financial well being, but also your heart. One easy way to begin is to list all the people you want to remember you: spouse, family members, friends, co-workers, and so on. Then list how you want to be remembered by each of them: loyal, brave, kind, generous, eager to help - however you most desire to be remembered. Once you have those elements, you can shape them into your eulogy. 

You make categories of areas of your goals important to you where you can measure your progress.

For me, the real wealth categories that are important to me are the following:

1. Business / Career
2. Financial Net worth
3. Health and Fitness
4. Personal Growth which can also include hobbies
5. Spiritual 1) Emotional
6. Fun-time
7. Family 1) Marital 2) Parental

My categories of importance maybe different from you. If you are not married and have no kids, your family goals will be very different from mine. These are categories in your life where you can make intentional goals for our life and measure your progress.





The list now reads:
1. To have a great marriage.
2. To raise children who are serving God.
3. To be successful in business
4. To see our grandchildren and even our great-grandchildren serve God.
5. To use our resources to tell as many people about Christ as we can.


Seems like #5 should be higher.

And #1 should be "Serve God".

"Serve God" is too broad for a list of goals.  As a Christian, your overall objective is to serve God, but it's not a goal that has a measurable endpoint.

While his list of 5 goals is still pretty broad, they are things he can evaluate each year and measure progress against.

Then how does he measure #2 and #4?

It can be argued that his list is all broad goals. :)

That would be up to him to decide.  If his kids are young, then he may not know the outcome for a decade or more.  Grandkids / great-grandkids would be several decades down the line.

Serving God isn't a goal that can be achieved, but more like a mission statement.
« Last Edit: June 10, 2018, 04:56:49 PM by Panda »
James Park, MBA
Real Estate Broker and Loan Officer
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@realwealthmanagement.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Instagram: 
@JohnsCreekRealtyPartners | @RealWealthManagement

Offline Panda

  • "Live a life that will help others financially, spiritually, physically, and emotionally. Live a life that serves as an example of what an exceptional life could look like."
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 244
  • -Received: 336
  • Posts: 1414
  • Gender: Male
  • Location: Johns Creek, GA
    • www.realwealthmanagement.com
Re: REAL WEALTH MANAGEMENT
« Reply #93 on: January 11, 2018, 04:10:26 PM »
8)

« Last Edit: January 11, 2018, 05:32:15 PM by Panda »
James Park, MBA
Real Estate Broker and Loan Officer
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@realwealthmanagement.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Instagram: 
@JohnsCreekRealtyPartners | @RealWealthManagement

Offline Panda

  • "Live a life that will help others financially, spiritually, physically, and emotionally. Live a life that serves as an example of what an exceptional life could look like."
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 244
  • -Received: 336
  • Posts: 1414
  • Gender: Male
  • Location: Johns Creek, GA
    • www.realwealthmanagement.com
Re: REAL WEALTH MANAGEMENT
« Reply #94 on: January 12, 2018, 04:44:21 PM »
« Last Edit: January 13, 2018, 06:39:26 PM by Panda »
James Park, MBA
Real Estate Broker and Loan Officer
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@realwealthmanagement.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Instagram: 
@JohnsCreekRealtyPartners | @RealWealthManagement

Offline Panda

  • "Live a life that will help others financially, spiritually, physically, and emotionally. Live a life that serves as an example of what an exceptional life could look like."
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 244
  • -Received: 336
  • Posts: 1414
  • Gender: Male
  • Location: Johns Creek, GA
    • www.realwealthmanagement.com
Re: REAL WEALTH MANAGEMENT
« Reply #95 on: January 13, 2018, 06:58:44 PM »
James Park, MBA
Real Estate Broker and Loan Officer
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@realwealthmanagement.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Instagram: 
@JohnsCreekRealtyPartners | @RealWealthManagement

Offline Panda

  • "Live a life that will help others financially, spiritually, physically, and emotionally. Live a life that serves as an example of what an exceptional life could look like."
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 244
  • -Received: 336
  • Posts: 1414
  • Gender: Male
  • Location: Johns Creek, GA
    • www.realwealthmanagement.com
Re: REAL WEALTH MANAGEMENT
« Reply #96 on: January 14, 2018, 06:10:56 PM »


I see wealth management from two prospectives: micro and macro. Micro wealth management is all about your financial wealth. Your allocation of real estate, individual securities, annuities,  retirement accounts, mutual funds, and life insurance. You may have a private money manager or a wealth manager who helps you invest in hedge fund of funds, hedge funds, long term care insurance or derivatives. This is all in the scope of micro wealth management.

Macro Wealth Management which I call Real Wealth Management is much more holistic. Financial wealth is a just a component of Macro Wealth Management and Macro Wealth Management is far more important than Micro Wealth Management. Let you give you an example of this. John is a Deca-millionaire and lives alone in a $2 million dollar estate in Turtle Rock. His family is broken and the last time he has spoken to ex-wife and children has been more than 10 years. He has been divorced two times. In a recent visit with his doctor, was informed that he Is in stage 3 diabetes. The doctor tells him to make preparation to his loved ones which is the doctor code of telling him that that he has only 24 months to live. John is physically, emotionally and spiritually poor. Is John wealthy from your prospective? John is only in his mid - 50s.

Real Wealth Management starts from your heart in four major areas of Real Wealth 1. Financial Wealth, 2. Spiritual Wealth 3. Emotional Wealth, and Physical Wealth.   
« Last Edit: January 14, 2018, 06:47:04 PM by Panda »
James Park, MBA
Real Estate Broker and Loan Officer
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@realwealthmanagement.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Instagram: 
@JohnsCreekRealtyPartners | @RealWealthManagement

The following member(s) thanked this post:


Offline Panda

  • "Live a life that will help others financially, spiritually, physically, and emotionally. Live a life that serves as an example of what an exceptional life could look like."
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 244
  • -Received: 336
  • Posts: 1414
  • Gender: Male
  • Location: Johns Creek, GA
    • www.realwealthmanagement.com
Re: REAL WEALTH MANAGEMENT
« Reply #97 on: February 02, 2018, 08:55:28 AM »


Rkp, this post is for you.

It seems like I was only able to find 4 journals dated in 2001, 2002, 2005, and 2006 in my 20s. I did not have a journal in 2003 - 2004 so I may have been lost, disliked my W2 job, trying to find myself, or perhaps not even walking with the Lord. What was really cool about this page was I wrote down what I thought was my ideal vocation. 1) Business owner 2) Real Estate 3) Financial Planner. I even set a goal that I wanted to get married by the time I was 27. I missed that goal by an entire year since I got married at 28.

« Last Edit: February 02, 2018, 09:12:43 AM by Panda »
James Park, MBA
Real Estate Broker and Loan Officer
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@realwealthmanagement.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Instagram: 
@JohnsCreekRealtyPartners | @RealWealthManagement

The following member(s) thanked this post:


Offline Liar Loan

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 420
  • -Received: 279
  • Posts: 1438
Re: REAL WEALTH MANAGEMENT
« Reply #98 on: February 02, 2018, 09:55:48 AM »
Those who write down their goals are 9x more likely to succeed, or so I've been told on YouTube.

Offline Panda

  • "Live a life that will help others financially, spiritually, physically, and emotionally. Live a life that serves as an example of what an exceptional life could look like."
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 244
  • -Received: 336
  • Posts: 1414
  • Gender: Male
  • Location: Johns Creek, GA
    • www.realwealthmanagement.com
Re: REAL WEALTH MANAGEMENT
« Reply #99 on: June 12, 2018, 05:06:12 PM »
James Park, MBA
Real Estate Broker and Loan Officer
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@realwealthmanagement.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Instagram: 
@JohnsCreekRealtyPartners | @RealWealthManagement

Offline Panda

  • "Live a life that will help others financially, spiritually, physically, and emotionally. Live a life that serves as an example of what an exceptional life could look like."
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 244
  • -Received: 336
  • Posts: 1414
  • Gender: Male
  • Location: Johns Creek, GA
    • www.realwealthmanagement.com
Re: REAL WEALTH MANAGEMENT
« Reply #100 on: June 15, 2018, 08:57:29 PM »
James Park, MBA
Real Estate Broker and Loan Officer
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@realwealthmanagement.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Instagram: 
@JohnsCreekRealtyPartners | @RealWealthManagement

Offline Panda

  • "Live a life that will help others financially, spiritually, physically, and emotionally. Live a life that serves as an example of what an exceptional life could look like."
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 244
  • -Received: 336
  • Posts: 1414
  • Gender: Male
  • Location: Johns Creek, GA
    • www.realwealthmanagement.com
Re: REAL WEALTH MANAGEMENT
« Reply #101 on: June 16, 2018, 04:02:07 PM »


He is the wealthiest Korean American in the United States with a networth of $4 Billion. His family resides in Beverly Hills, California and he is the founder and chairman of Forever 21. Do Won opened up his first small shop with his wife Jinsook in Highland Park, Los Angeles, CA on April 21, 1984. Do won and Jinsook are devout Chrisitans with a heart for over seas missions. 





Early years of Forever 21, Dowon and Jinsook, Los Angeles, California, 1988



This is an amazing life changing testimony Dowon gave in his home church in Los Angeles in 2012. Unfortunately, the entire testimony is in Korean. I am willing to translate his entire testimony from Korean to English if I get a total of 10 request by TI members.
« Last Edit: June 16, 2018, 04:26:24 PM by Panda »
James Park, MBA
Real Estate Broker and Loan Officer
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@realwealthmanagement.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Instagram: 
@JohnsCreekRealtyPartners | @RealWealthManagement

Offline Compressed-Village

  • O.C. Resident
  • ***
  • Thanks
  • -Given: 166
  • -Received: 116
  • Posts: 922
Re: REAL WEALTH MANAGEMENT
« Reply #102 on: June 16, 2018, 10:43:09 PM »
I always like to hear and learn inspiring true story. Please, count me as for first vote.

Offline aquabliss

  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 158
  • -Received: 632
  • Posts: 3320
Re: REAL WEALTH MANAGEMENT
« Reply #103 on: June 17, 2018, 12:35:14 AM »
네, 제 관심을 가지기를 바랍니다.

Offline Panda

  • "Live a life that will help others financially, spiritually, physically, and emotionally. Live a life that serves as an example of what an exceptional life could look like."
  • Certified Irvine Addict
  • ****
  • Thanks
  • -Given: 244
  • -Received: 336
  • Posts: 1414
  • Gender: Male
  • Location: Johns Creek, GA
    • www.realwealthmanagement.com
Re: REAL WEALTH MANAGEMENT
« Reply #104 on: June 17, 2018, 05:31:10 PM »
James Park, MBA
Real Estate Broker and Loan Officer
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@realwealthmanagement.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Instagram: 
@JohnsCreekRealtyPartners | @RealWealthManagement

 

Talk Irvine Links

[Recent Posts]
[FAQ / Rules]

Site Supporters


Related Links

Recent Posts