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C
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Coordination: The financial relationship between one asset and another.
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E
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Enjoyment of Wealth: The spending of one’s assets for needs, wants, or desires. External Design: The study of the efficient and effective flow of money into and out of the assets a person owns within the PS&G Model®. Economic Life Value: The economic worth of a person, generally associated with the ability to earn income and produce assets over a future period of time.
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I
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Ideal Strategy: The strategy using the same assumptions of the client’s present financial position, but without taxes or inflation. Increase in Money Supply: The difference between the amounts of money one will have in one specific financial strategy compared to another. Integration: The movement of money from one asset to another that seeks increases in the future money supply and provides additional protection benefits. Internal Design: Selecting and structuring any given financial product or service to work more efficiently and/or more effectively.
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L
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LEAP®: The Lifetime Economic Acceleration Process™, which forms the word “LEAP” as an acronym. Lost Opportunity Cost: In LEAP, it is the amount of money that is spent and lost by an individual as a result of owning a particular asset or by using a particular financial strategy.
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M
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Macro-Financial: The study of the overall aspects of all financial elements in a personal economic model. Macro-Manager: A person who uses a holistic strategic approach versus one who uses a linear single-need approach.
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N
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No Additional Out-of-Pocket Outlay: Not having to outlay any additional money from earned income beyond what one is currently spending. No Additional Risk: Not adding more financial risk to one’s overall current risk tolerance. The intent of LEAP® strategies is to maintain or reduce financial risk.
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P
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Performance Beyond Needs and Goals: A philosophy that one should not stop building additional financial assets just because one is on target or has already met their stated financial needs and goals. PS&G Model®: A diagram that contains all financial products and strategies related to Protection, Savings, and Growth that are positioned in a hierarchical value structure. PS&G Model Strategy Worksheet: A worksheet showing the PS&G Model where internal, external, and coordination design functions are performed. PS&G Model Present Financial Position: The current state of one’s personal financial situation.
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W
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Wealth Building: The financial process designed to obtain an increase in assets and benefits over a period of time. Wealth Conservation: The financial structure used to protect one’s assets from erosion due to income taxes, estate taxes, lawsuit, market declines, illiquidity, disability, illness, and other financial problems. Wealth Distribution: The transfer of one’s wealth to oneself or others so it can be spent and enjoyed for personal needs, wants, and desires.
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