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As Nerdwallet.com reports, “First there was LEAP, then there was Infinite Banking, also known as Becoming Your Own Banker. Now it’s Bank on Yourself by Pamela Yellen.” All of these books turned into viral life insurance strategies. In essence, each of these different sales programs attempts to accomplish the following by selling a permanent life …

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What is a Financial Advisor? A financial advisor is a professional who is registered with the state, or the SEC, to provide information and counsel to those who are trying to reach a monetary goal or objective. This goal or objective may be retirement, or merely an attempt to earn a specific return on investment. …

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More than two-thirds of college students had to take out some form of student loan during their time in college in 2019. However, just because you take out student loans doesn’t mean you have to be stuck with them for the next ten-plus years.  Whether you have $10,000 in student loans, or $100,000, or more, …

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Finally, after 8 years, credit card debt decreased in 2020 by an average of 14% nationwide.  Even so, in 2019 Americans spent $122 Billion on credit card debt interest, an evil which had drastically increased by 50% over the previous 5 years.  Millennials, Gen X and Baby Boomers are the generations which are driving up …

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As of June 2021, it was refreshing to see that action was being taken against an agent/financial planner who claimed to be helping clients practice the Infinite Banking Concept (IBC) by accruing retirement savings in variable annuities and variable life insurance policies.  Among many other things, this agent/planner was selling insurance products by recommending clients …

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According to the Federal Reserve Bank, Americans who are 55-59 have saved $223,493 towards their retirement.  Those 60-64 have only saved $221,451 and those who are 65-69 have saved even less, $206,819. Obviously, these balances are averages, but it is important to appreciate that Fidelity, who manages about 2/3 of America’s retirement savings plans reports …

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People are outliving their money, leaving themselves broke in their retirement. It isn’t solely because they aren’t saving enough, it’s also because they are saving in the wrong places. In today’s episode Tom and John assess the current retirement crisis to find out what went wrong. They also share details about our upcoming LIVE event …

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Cracking the “how to pay for college” code has become a difficult problem to solve. In this video, we tell a story about two 18-year-olds planning to attend the same local university using different methods of funding their education. Liam uses a 529 plan and a student loan, while Emily uses The Perpetual Wealth …

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Even though Facebook flagged this post: “Joe Biden wants to get rid of something called ‘stepped up basis’ that reduces inheritance taxes” It’s true. Biden wants to eliminate the stepped-up basis.  So, what does this mean for you? It means that if you inherit stocks, bonds, real estate, a business, farm or any other asset, …

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You’ll often hear financial planners advising on how to “diversify your investment portfolio” to mitigate risks and build wealth through multiple avenues. There are many different ways to do this, but stocks and bonds are two common options. Stocks are defined as partial ownership or equity in a business or organization, while bonds are a …

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