Have you ever had something stolen from you? I remember being robbed about 20 years ago, and still today, I remember clearly exactly how I felt. There are immediate feelings of violation and insecurity.
Many investors today are being robbed and don’t even know it. They are putting money into the stock market through their 401(k) or IRA, purchasing stocks, and mutual funds.
There are fees, being charged by financial institutions in these plans, that are robbing investors of money. This is part of their agenda. You, as the investor, put up all the money and take all the risk, while the financial institutions siphon money from your account in the form of fees.
Financial institutions have an agenda that is robbing you of money. Take a close look at their agenda and the outcome it has on you.
There are four rules that these financial institutions play by:
Number 1. They want your money.
Number 2. They want your money on a regular basis.
Number 3. They want to hold onto your money for as long as possible.
Number 4. They want to give your money back to you as slowly as possible.
These financial institutions create products that meet this agenda; 401k’s and IRA’s. They hire a sales force to sell this agenda and these products. These positions are generally their Certified Financial Planners, Bankers, Stock Brokers, Money Managers, and Financial Advisors.
Then they say things to us like, “High risk equals high returns” or “Take advantage of Dollar Cost Averaging,” leading to “You’re in it for the long haul,” and “Buy low, sell high.”
You see, the more money you put into your 401k or IRA, the more fees the financial institutions earn. And, because of the 59 1/2 rule, these financial institutions continue to earn these fees on your money for decades. The outcome is that 30% to 50% of your money has been eroded by time and fees.
These financial institutions and banks take our money and teach us to amass it with them and not touch it. And they cleverly incentivize us to do so. Yet, what they do with our money is lend it out. They put it to use. They make more money on our money.
Meanwhile, we can’t use the money without a penalty. Our money is “locked up”. They won’t let us withdraw it until we are 59 1/2 without paying taxes on it and an additional 10% penalty.
The banks and financial institutions teach us to do one thing and they do the exact opposite. They teach us to keep our money with them, our principal with them, and don’t touch it or use it. In turn, they keep that money constantly in motion so they continue to earn interest from it, plus the fees they are charging you – the investor.
There’s a solution. You can operate like a bank and grow money just like they do. You can have your dollars doing multiple things with the Perpetual Wealth Strategy. Discover how to create your own banking system by using the structure of permanent cash value insurance. Talk with an advisor here at Paradigm Life and discover how this unique strategy can work for you.