In the quest for financial independence, there are two places most people in Hawaii accumulate the most money: our home and our retirement plan.

Following accepted wisdom, we set aside money in qualified retirement accounts such as IRAs and 401(k)s, enjoying tax deductible funding and/or tax-deferred accumulation. At the same time, we assume it's best to achieve the goal of outright home ownership and save money on mortgage interest expense by sending extra principal payments against our mortgages.

Unaware, like naïve, inexperienced drivers, we proceed down the highway of life, pursuing financial security with one foot on the brake pedal and the other foot on the gas pedal! We may eventually make it to our destination, but only after a pretty jerky ride. We wonder why a few others arrived at the station of financial independence sooner, achieving more, with a much smoother ride.

We suddenly realize that during all of those years of earning money, we socked a portion away in investment vehicles that gave us a tax deduction on the front end, just to be hammered with taxes on the back end! At the same time, we were killing our partner, Uncle Sam, by eliminating one of the best tax deductions we have as Americans - our home mortgage interest.

During our “golden years” of retirement, we painfully come to the realization that we increased our tax liability by postponing it to a time when we no longer had significant deductions. In frustration, we complain, “But I did everything right!” Everyone concerned about their retirement puts money into IRAs and 401(k)s, and I've always been taught that you should pay off your mortgage by sending extra principal payments to the mortgage company!” There is a valuable lesson I have learned in life - all the dogs barking up the wrong tree doesn't make it the right one!

An educational seminar is being conducted by American Money Group featuring Frank Peck, CEO, based on a new book, Last Chance Millionaire, authored by Douglas Andrew, recently published by Time-Warner and endorsed by Rob Kiyosaki, author of Rich Dad Poor Dad. Kiyosaki says, Last Chance Millionaire is “a refreshing alternative to traditional retirement planning." This seminar teaches concepts and gives insights that are contrary to popular belief. The strategies revealed will rattle conventional thought. You will gain insight into financial opportunities that you probably didn't even know existed.

You will never view your house, mortgage retirement plans, investments and insurance the same way again.

The insights you will gain by attending this seminar will either compel you to implement new strategies or will leave you forever wondering how much more you could have accomplished had you done so.

There are two ways to handle new information: ignore it as false, or increase your level of understanding to accommodate the new idea. Feeling open-minded? Dispel the money myth-conceptions. Isn't it time you became wealthy?

This dynamic seminar will be on March 25 at 6:30 PM on Oahu.

This educational seminar is taught nationally at a normal tuition of $100.00. However, Hawaii homeowners are cordially invited to attend this presentation at no charge, compliments of our sponsors, American Money Group & AmeriFunding Express until seats are full.

Seats are very limited. For guaranteed seating, please RSVP at (808) 295-0874 or email us at lance@afeloans.com. Visit www.americanmoneygroup.com for more information.