There are a lot of things that Canadians don’t know about money. Unfortunately some of the things we do know end up costing us a lot of money. Think about $1 you earn, where does it go? There are only 5 places it can go:
In the 1940’s only 13% of income went to debt. Now the average is 34%.
In the investment world, we have been brainwashed to think that its all about the magnitude of your return. In reality, its the order of return that counts. For example, if you were planning on retiring in 2008 with your money stockpiled in RRSPs, you would definitely not be able to do so.
There are investment strategies that exist that you cannot get at the bank, but from only an independent financial advisor. My mission is to show people how they can protect their earnings, grow their earnings, and have a stable savings to use in the future.
This investment strategy has been around for almost 100 years and has been coin phrased a few different names, including ‘cash flow banking’ ‘infinite banking concepts’, ‘bank on yourself’, ‘million dollar baby’ and more fancy titles such as this.
All of these titles are just a fancy way of describing a concept that uses participating whole life insurance as an investment and financing tool. These policies produce significant returns (called dividends) and are tax sheltered (for now!).
I learned about this concept at age 33. If I would have learned about it as a teenager (let’s say age 16) , I could have saved enough money by now to take care of my retirement plan. It’s a concept that doesn’t involve the same risks as the mutual fund market and allows you to utilize your investment money to finance your lifestyle, including cars, vacations, etc. It’s genius really.
Call me now and learn more about a way to grow your assets and save for your future (and fire your banker!).