Day 33 Lesson Progress:
Completed of Videos
About This Lesson:
After watching so many people lose their retirement nest egg in the crash of 2008, and know that another one will take place again at some point in the future, I wanted to create a rock-solid retirement foundation that wouldn’t be susceptible to the crazy ups and downs of the market we’re experiencing today.
In other words, my retirement money would be completely independent of the stock market, so I’d never have to worry about whether it’s going up or down for the rest of my life.
The answer for me has been the “Infinite Banking System”, and I was able to implement it in 2010 through my good friend Patrick Donohoe from Paradigm Life.
This is a strategy that has some incredibly unique features and advantages when it comes to investing and building wealth that every entrepreneur should be aware of…
- First and foremost, it provides you with a guaranteed return of 2% per year, with a historical average of 6-10% per year, without risking any of your principle. That simply means that no matter what happens to the stock market, your account won’t drop by a dime. In fact, you’re guaranteed a 2% return. Personally, I’ve made up to a 10% annual return with this account.
- Unlike a 401K or IRA, an Infinite Banking account enables you to take out your money whenever you want, without penalty.
- It provides protection against creditors, so you’ll never have to worry about losing your retirement money due to a lawsuit or bankruptcy.
- Unlike 401K’s or IRA’s, there’s no limit to how much you can invest.
- You can use the money inside your personal bank as collateral for the purchase of a home, etc.
- This strategy offers extreme liquidity so you can have your money in your hands within a few days in the case of an emergency…
- It provides you with monthly revenue in the event of a disability.
- It allows you to essentially “become your own bank”, so you can buy your home, cars, and other large purchases from yourself, so you earn the interest instead of a bank.
- And best of all, it allows you to legally pull out 100% of my money TAX-FREE when you decide to retire.
This one single investment has completely covered my retirement and provides protection against deflation and inflation.
For 40 years, starting at age 60, all the way through age 100, my family and I will have a guaranteed annual income of approximately $100,000/Mo based on a 6% annual return, which is a very conservative estimate based on the system’s past performance.
And by law, I do not have to pay a single dime in taxes on the money when I choose to retire.
If you’re looking for a safe way to accumulate wealth without ever having to worry about a stock market crash again, this class will completely change your life.