There is no precedence for what we are all going through. There is no game plan to follow. The market has never seen this type of volatility. We are bracing for a global recession. We have a choice – we can crawl in a hole and pretend everything is normal (even though we know it is not), or we can choose to look beyond this moment and learn. We can acknowledge we are in a dark time, we are worried, and we don’t know what it will look like when we get to the other side. But know this, there will be an end to the current crisis, and it is up to us to stay positive and plan accordingly.
Since I started my career, I have witnessed multiple stock market corrections. 1989, 2001, 2008, but we have never faced anything like we are facing today. Now is when people are forced to wake up from their dream world where “the market will stay strong and rise indefinitely ” to a financial nightmare where the world has been turned upside down.
Wall Street has done a terrific job of brainwashing the masses to follow the herd and believe that gambling in the market is the same thing as saving for retirement. We are again reminded that millions of dollars of advertising really does convince people to blindly believe what they are being told. If we hear it enough, it must be true, but it’s a fact; Investing is not saving, regardless of what we’ve been told. I am not saying that a person shouldn’t have money invested, what I am saying is the number one priority for retirement is to save first, before investing, because we never know when financial disaster will strike. There are many people today whose retirement will be changed forever because of what has happened in the market these past few weeks.
We have been sold on the concept that to get a decent return on our money, we have to take on risk.
Let’s look at the definition of risk – “To expose someone or something valued to danger, harm, or loss.” Why in the world would you want to put your retirement at risk?!
So ask yourself, “Do I really have to increase the chances of losing money to making money?” The answer is, no, you do not! We have been lead to believe that we aren’t smart enough to manage our own money and that we should turn it over to someone else to “manage.” We believe that no one knows your situation better than you, and if you knew of a better way, who better to make those decisions than you?!
There is a better way, and it is “The Infinite Banking Concept.” This is a strategy we believe in and teach to our clients. If you are interested, here is what you can learn:
- How to grow your savings without the risk of a market correction.
- How to have uninterrupted growth – 24 hours a day, 7 days a week, 365 days a year.
- How your money grows tax-deferred, and you can create income – tax-free.
- How to use your funds throughout your life.
- How to have liquidity, use, and control of your money.
- How to build up capital that you control, so it’s ready for an emergency, or an opportunity.
- Why it’s more powerful to create a financial tailwind by reducing the volume of interest you pay to other than it is to try to squeeze another 2% from an investment.
- How to get out of and stay out of debt – without spending any more money.
- The advantage of having money that grows safely, that you can access without penalty.
I urge you to pick up a copy of this book that will educate you on the power of the Infinite Banking Concept.
Read it, and then reread it (it’s only 92 pages and you will pick-up something new on every read!) Now is the time to rethink your thinking about how money works and the best place to store your cash. With the current COVID-19 threat, we do not know what the future holds. We do know if you are interested in this strategy, there is no better time to start your education than today.
We also encourage you to check out our website, which has lots of great resources, including a free book to download “Financial Planning Has Failed,” blogs to read, and books we recommend. Take advantage of the extra time you have now, take a break from Netflix, give us a call, and schedule a free financial consultation, we would love to hear from you!
Stay safe, and be well!
