October 2019
The Super Rich's Three Big Fears - and How They Work to Overcome Them

Significant wealth can reduce many of life’s trouble—but it can’t eliminate them entirely. Even the richest among us have fears. What’s more, they often share many of the same worries the rest of us have. 

But there is one difference. In our experience working with the Super Rich—people with a net worth of at least $500 million—we find that they frequently take some highly effective steps to address those worries and, quite often, overcome them. With that in mind, here’s a look at three fears they tell us they struggle with—and some ways they combat those fears.

If you share one or more of these fears, consider taking a page from the Super Rich playbook to tackle it.

Health, family and wealth

The Super Rich tell us that they struggle with three main fears about their lives and the lives of their families:

  • Severe health problems for themselves or loved ones
  • Dysfunctional family members doing substantial damage
  • Losing their wealth

10 Common Tax Myths You Should Stop Believing Right This Minute:
  1. All accountants are tax planners.
  2. Small Business Owners have a higher risk for an audit.
  3. All you need is an LLC to avoid self-employment taxes.
  4. Retirement accounts are the same as retirement plans.
  5. Your Dependents are only an expense.
  6. Obamacare has eliminated all medical deductions.
  7. Deducting your home office is an immediate “red flag”.
  8. If there’s food involved, it must be a “meals and entertainment” expense.
  9. Mileage is the one tax write-off you can use for your car.
  10. If it is legal, I should know about it.
BONUS MYTH: Proactive tax planning is just for big companies.
John Halterman shares his thoughts on the US House passing a minimum wage bill that will increase minimum wage federally to $15 an hour.
As of July 2019, unemployment in West Virginia has been the lowest it has ever been since October 2008. West Virginia is now leading the nation in personal Economic Growth. Why is West Virginia in such a good place right now? John Halterman says: leadership, focusing on being a state that policy is designed around Economic Growth, and it's workforce being higher skilled and more educated are the reasons why.
Happy 75th Birthday, Deloris Vannoy!

Join us in wishing Deloris a Happy Birthday - Here's to many more!
Happy 30th Anniversary, Big Mo and Brenda Pletcher!

We celebrated the two at Oliverio's. Wishing you many more years of love and happiness!
Healthy Fast-Food Items

If you're making healthy eating a priority, you're probably staying away from fast food as much as possible. But whether you're in a rush or on a road trip, a quick, fast-food stop could be the only option. Luckily, there are actually some healthy options at most major fast-food chains that won't set you too far off your diet. Here are some of our favorites:

  • The Artisan Grilled Chicken Sandwich at McDonalds has 380 calories, 6 grams of fat, and 36 grams of protein. It includes a grilled chicken patty, veggies, and whole-wheat bun.

  • The Steak Fresco Soft Taco at Taco Bell - Salads aren't always the best option at fast food chains, and Taco Bell is a great example of that. These Steak Fresco Soft Tacos have 150 calories, 4 grams of fat, and 10 grams of protein, while the Fiesta Taco Salad has 760 calories and a whopping 39 grams of fat.

  • The Spinach, Feta, and Egg-White Breakfast Wrap at Starbucks - Starbucks has really revamped their food menu, and this is just one of their many healthy options. Pair it with a black coffee or tea, and you have yourself a healthy breakfast on the go, with just 290 calories, 10 grams of fat, and 19 grams of protein.

Tip adapted from Healthline:
Baked Donuts

Donuts might not be the healthiest choice for breakfast, but they sure are delicious. These baked, cinnamon-sugar donuts are simple to make and perfect for a solo breakfast or brunch party. 

Makes 12 donuts


  • 2 6-donut pans (or one 12-donut pan)
  • Nonstick cooking spray
  • 2 cups flour
  • 2 tsp. baking powder
  • 1 tsp. cinnamon
  • Sprinkle of salt
  • 1 egg
  • 1¼ cups whole milk
  • 2 Tbsp. butter, melted
  • 2 tsp. vanilla extract
  • 1 stick of unsalted butter
  • ¾ cup sugar
  • 1 tsp. cinnamon


  1. Preheat the oven to 350° F.
  2. Mix together the flour, sugar, baking powder, cinnamon, and salt.
  3. In a separate bowl, whisk together the egg, milk, melted butter, and vanilla.
  4. Stir the wet ingredients into the dry mix slowly until just combined (don't overmix).
  5. Spoon the batter into well-sprayed donut pans. Fill each cup about halfway full.
  6. Bake for 17 minutes. Allow to cool for five minutes.
  7. For the glaze, melt the butter, then combine the cinnamon and sugar in a separate bowl. Dip each donut into the butter, then the cinnamon-sugar mix until coated (either on one or both sides).

Recipe adapted from Food Network:
The Brian Tracy Show
Jack Canfield's Hollywood Live
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Securities offered through Cambridge Investment Research, Inc., a broker-dealer, member  FINRA / SIPC . Advisory services offered through Cambridge Investment Research Advisors, Inc. a Registered Investment Adviser. Beacon Wealth operates independently of Cambridge.