CRITERIA for our
"MY TRACK 500" platform

  • Consider $500,000 - Affordable Universal Life Insurance Coverage
  • Consider Contributions of $500/mo ($6,000/yr) towards a Brokerage Savings account invested in one of our Convictions Portfolios (more with higher Incomes)
  • Contributions: only from WANTS or Discretionary Expense Dollars
  • Time Commitment: 15 years (must be committed to a long-term plan)
  • Desired Goal: A Financial Balance pursuing your "Standard of Living" (Past performance is not indicative of future results)

Securities offered through LPL Financial, Member FINRA/SIPC. Investment Advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Trulytics Financial Corp are separate entities from LPL Financial. All investing involves risk including loss of principal. No strategy assures success or protects against loss.

This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. They may not take into account your personal characteristics such as budget, assets, risk tolerance, family situation or activities which may affect the type of insurance that would be right for you. In addition, state insurance laws and insurance underwriting rules may affect available coverage and its costs. Guarantees are based on the claims paying ability of the issuing company. You may also visit your state’s insurance department for more information.

We are looking for 50 individuals to participate in our "My Track 500" program.
Contributions should not come from savings allocated towards Retirement nor from other savings for Short-term goals. These contributions should come from "Discretionary" expenses, which are voluntarily used to dining out or pay for cable television. Look under the "30% Wants" tab below to get a better sense of "Discretionary" items. Again, it is recommended that the contributions for this "Challenge" come from your discretionary spending budget which may vary  with the size of your salary/income to fund it.

NEEDS are the expense items that you have to pay and are necessary for month to month living. They include your Rent, Mortgage, Insurance, Auto Payments, Utilities, Groceries, Minimum Debt payments, etc. These items do not include things like Netflix, Dinner Outings, Starbucks or more. Your lifestyle will determine if your needs exceeds 50% of your income. Right sizing your standard-of-living is important, which may include a smaller home or apartment even a modest car.

WANTS are the things you spend on "Non-Essentials" or "Discretionary Items" like: Dinner-Outings, Sporting Events, Movies, Handbag, Vacations, TVs, the Latest Mobile Phones, and Luxury Cars. Basically, these are the little extras that you buy that give yourself a higher Standard of Living. We specifically target this area because, once consumed, they only become memories. Instead of consuming the whole 30% on WANTS, we consider reallocating 5%, 10% or even 15% from here to our "INVESTMENT PLATFORM"  over the next 15 years.

SAVINGS consist of adding money to a Retirement Account, Emergency Fund, Brokerage Savings account or even paying down Debt. Your Emergency Fund should have 3 to 6 months of living expenses just in case the unexpected happens i.e. lose a job or major auto repair, etc. Debt repayment is included in this category where making extra payments will help reduce the principal and interest owed.