The Bank On Yourself Revolution: Fire Your Banker, Bypass Wall Street, and Take Control of Your Own Financial Future Author: Pamela Yellen | Language: English | ISBN:
B00HSSCFMS | Format: EPUB
The Bank On Yourself Revolution: Fire Your Banker, Bypass Wall Street, and Take Control of Your Own Financial Future Description
New York Times bestseller
Do you know what your retirement account will be worth on the day you plan to tap into it? Do you know what the tax rates will be for the rest of your life? Do you know how long you're going to live? Most people have no clue...and that's the problem with conventional financial planning: It's based on things you can't predict or control. Wall Street lost more than 49% of the typical investor's money – twice – since the year 2000. And studies show that because they followed the conventional wisdom, almost half of all Boomers won't have enough money to cover even basic living expenses during their retirement years. Now the financial gurus whose advice got you into this mess in the first place are telling you to "take more risk," "work till you drop," and "plan on spending less in retirement." Don't let them fool you again!
In The Bank On Yourself Revolution, financial security expert Pamela Yellen details how hundreds of thousands of people of all ages and incomes have bucked the system to secure their families' financial futures without gambling in the Wall Street Casino or taking any unnecessary risks. You'll discover a proven step-by-step plan for growing your wealth safely, predictably, and guaranteed every single year – even when the markets are tumbling. And you'll learn how to bypass banks, credit card and financing companies to become your own source of financing for cars, vacations, a college education, business expenses and other major purchases.
The Bank On Yourself Revolution isn't a "get-rich-quick" scheme; it's about having real wealth and financial security for as long as you live. You can finally know how much money you'll have next year, in 10, 20 or 30 years – and at every point along the way. Join the Revolution and take control of your own financial future!
- File Size: 1553 KB
- Print Length: 256 pages
- Publisher: BenBella Books (February 11, 2014)
- Sold by: Amazon Digital Services, Inc.
- Language: English
- ASIN: B00HSSCFMS
- Text-to-Speech: Enabled
X-Ray:
- Lending: Not Enabled
- Amazon Best Sellers Rank: #31,578 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
- #7
in Kindle Store > Kindle eBooks > Business & Money > Personal Finance > Retirement Planning - #24
in Kindle Store > Kindle eBooks > Business & Money > Personal Finance > Budgeting & Money Management > Money Management - #30
in Books > Business & Money > Personal Finance > Retirement Planning
- #7
in Kindle Store > Kindle eBooks > Business & Money > Personal Finance > Retirement Planning - #24
in Kindle Store > Kindle eBooks > Business & Money > Personal Finance > Budgeting & Money Management > Money Management - #30
in Books > Business & Money > Personal Finance > Retirement Planning
"The Bank On Yourself strategy gives you a rare combination of guarantees, safety, liquidity, and control. Your money grows by a guaranteed and predictable amount every year, and that growth gets better every year you have it."- Pamela Yellen: “The Bank on Yourself Revolution.”
Several years have passed since the publication of “Bank On Yourself,” Pamela Yellen’s first attempt at articulating for a wide audience the benefits of using specially-designed whole life insurance in financial planning. Since that time, the ever-fluid, ever-chimerical world of personal finance has grown even more unfathomable and unpredictable.
I was pleased to learn of the publication of this second, more comprehensive discussion of a truly unique cash management system. In the follow up, "The Bank On Yourself Revolution", Yellen has gone to considerable effort to deconstruct the Bank On Yourself method in a way that makes it even more accessible and understandable, while analyzing the mechanics of how and why this system works. She lays out a concise, solid, yet still passionate case for using specially-designed, dividend-paying whole life insurance policies as vehicles for preserving and growing wealth. When put together correctly, she says, these policies build up cash value as quickly as possible and provide unparalleled safety and security.
Yellen explains that a person can make tax-free withdrawals and loans from the accumulated cash value in the policy to finance large purchases, such as college tuition, automobiles, and cash-producing real estate. You use your policy and are able to pay yourself back, essentially bypassing banks to become your own source of financing.
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