When I meet with Doctors all over the country about 65% of them have already set up a Universal Life Policy. These policies are also known by other names such as Variable Policies or Indexed Universal Life policies. They are sold as the holy grail of financial tools because you are told that you can put money inside of these vehicles (lots of it) and it will be protected against loss (depending on the actual type of policy) and you can ride the market if it goes up and not get hurt if it goes down.
All seems so reasonable but there are major flaws with this kind of policy and the agent that sold you the policy probably does not even know about them. These policies are almost guaranteed to self implode just when you need them in your retirement years. Rather than write a big long article here we have prepared a free package we will happily send out to you if either you or anyone you know is the unfortunate owner of one of these policies. The good news is that there is a simple way to solve this problem. Simply email us for a free information package at email@example.com or visit www.perpetualfinancingsystem.com.
I recently had a retired neurosurgeon at one of my live classes who was 70 years old. When he was 49 he started putting money into a Universal Policy and was told he would have around 1.4 million dollars in 20 years. He ended up with just over $400,000. Worse than that is his cost of insurance at 70 years old for that much insurance was just about $50,000 a year! That was just the premium for the insurance without adding one dime to the cash value of the policy. The insurance premium was going to go up by about 18% per year from that moment forward. So he closed down the policy which means he was exposed to taxes for the small amount of gain he actually had realized and now he has no death benefit for his family. This is just one of many dozens of people we hear from who are experiencing similar results with these ill conceived policies. Contact us now for our free information package to find out how you can be spared this retirement disaster.
John was recently interviewed by Brian Greenberg of “The Greenberg News Show”. Click here to listen!
Warren Buffet is credited with quote of “when others are being greedy be fearful, when others are fearful..be greedy” In other words, find out what everyone else is doing and do the opposite! Most people are broke and will always be broke so why do you want to have the same thought process that they have? You want to think like rich people. You want to make decisions quickly and make them often. Show me someone who can’t make a decision and I will show you someone who can’t grow wealth. Successful people make more decisions than poor people. They make decisions and plenty of times the decisions are wrong so they will change later and try something different but they make the initial decision quickly. Get in the habbit of just deciding quickly and moving forward hard and fast.
Click here to listen to the interview by Scott Letourneau of Nevada Corporate Planners with John Jamieson.
Here is the latest Perpetual Wealth News & Insights Newsletter. Click here to download it: https://docs.google.com/file/d/0B0fYOsrAO9-sS1VTQnA5aElEbjQ/edit
I was having a discussion with a good friend of mine who was one of the top dogs at Merrill Lynch for years. He was explaining to me how the whole stock market has changed with technology. Not just the obvious changes of online brokers etc. Did you know that a full 40% of all trades on the stock market are done by computers I don’t mean by you placing an order on e-trade and it getting filled either.
These “trades” are done by super computers for investment banks and brokerage houses and execute trades on their behalf. These computers analyze trends of stocks and buy and sell in a microsecond picking up small profits on millions of shares of stock. These computers are tied right to the exchanges and this happens with everyone’s knowledge including the highly touted Securities and Exchange Commission.
My friend was explaining to me that in the “old” days you would invest in companies you thought were up and comers and actually invest. Now everything is “trading”. Trading platforms are advertised on television everyday to get the average investor up and trading in the market. This trend will only continue to get more ingrained in the system. After all, it is sexy to buy and sell quickly and make money. However, does it sound like a great place to have your 401k and Ira money in this system at the hands of these inside bandits? If you want to be a trader with a small amount of your money have at it and I wish you well but understand you are playing with huge sharks that eat tons of lunches. Be careful they don’t eat your lunch for you.
Perpetual Wealth for most American’s is not done with volume and velocity of stocks but on volume and velocity of money in your life. When you get control of your cash flows and make them work for you and your family, your wealth is guaranteed and systematic. If you have not seen my online presentation about volume and velocity and how to create your own private financing system for tax free generational wealth, then you need to right away. It is free and ready for your review at www.perpetualfinancingsystem.com and click on free video. It is a game changer.
Talk to you soon!
I was watching the Ryder cup over the weekend and was disturbed when the Amercans lost on the last day of the competition after having a commanding lead over the Europeans the first two days. It struck me about how critical momentum is in all aspects of our lives. The American team after seizing the momentum and playing to win on days one and two, looked like scared kids on day 3.
They started playing on day 3 with on eye on “not losing” instead of playing to win. They gave up their momentum and Europe’s team picked up on it and totally turned that match around and snuck out a victory at the end. Momentum is one of the most powerful forces in the universe and when it is going in your favor you must drain every last bit of benefit from it and recognize that it is just a matter of time until that same momentum will shift against you. Sometimes the shift will be a small shift and other times it will be a large shift requiring massive action to right the shift back to your favor. It is important to recognize what stage of momentum you are in and act accordingly. When momentum is in your favor and pushing hard, you have the chance to make your fortune in busienss and in investing. When it is going against you, there are four steps that are critical to change it as soon as possible.
1) recognize momentum is against you and demand of yourself that it changes
2) Ask yourself “what can I do to turn this around today?) This week?, Next week?, by the end of the month?
3) Once you have good answers now throw everything but the kitchen sink at the wrong way momentum and take massive action until the momentum has shifted. A little action is worth a boat load of meditation and massive action is even better!!
4) Recognize the shift and then keep asking questions. What did I do wrong last time when momentum turned against me? what can I do to maximize this forward momentum (success breeds success), and make sure I get the most out of foward momentum? Who can help me keep this ship moving hard forward? etc
Always play to win and don’t go into the “prevent defense mode” borrowed from football. Far more points are scored in the last 3 minutes of each half than during the other times of the game. Why is that? Momentum and playing to win (for the offense) and playing not to lose (defense) If I coached a football team I would virtually outlaw the prevent defense because it plants the seeds of failure. Until next time!
After writing a book it dawned on me that I need to get with the times and have a blog or as I think of it, an on line journal. I am excited to be able to post trainings and thoughts that will help people grow and protect their wealth and be more successful in their financial and business lives. I have had the good fortune to teach hundreds of seminars in every major city in North America and I love to share the strategies that are working for people like you all over North America.
Please tune in as we talk about life changing strategies that can put and keep more money in your bank account every month. I look forward to making this a really great blog that is loaded with content. I can give you an inital tip, if you are looking for stock tips, mutual fund, or bond strategies, don’t waste your time reading my blog. This will be the premier source for the alternative investor that is looking for better solutions than the standard garbage 99% of people are doing with their money. If you want real tips on real world alternative strategies you have found your home.