Glossary

A B C D E F G H I J K L M N P Q R S T U V W Y Z

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Coordination The financial relationship between one asset and another.

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E

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

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

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.

M

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.

N

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

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

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 DistributionThe 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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