Optimizing Retirement Income
Dr. Wade Pfau discusses the significant risk associated with using the market as your single source of retirement income. Learn simple techniques for maximizing your retirement income in this popular ebook.
In Search of the Best Way: eBook
From his regional law firm to Paradigm Life wealth specialist, Will Street has professional insights that can help you with your financial future. Through this comprehensive eBook you will learn how using whole life insurance and the perpetual wealth strategy can make you wealthier and happier.
Issue 1: The Life Insurance Loan
After more than 10 years advising clients on the Perpetual Wealth Strategy, there’s one thing we continue to hear more than anything else:
Is Your Retirement Plan Hanging Out To Dry?
Our country is faced with some pretty stark realities when it comes to retirment savings plans. 401(k)s, IRAs, and even 403bs are connected to the fluctuating stock market. Find out how to avoid connecting the success of your future to the market.
Protecting Your Privacy in the Information Age
Permanent Life Insurance naturally comes with many levels of protection and guarantees. Though each state has different exemption laws, typically cash value insurance is one of the few assets protected from creditors.
Saving and Spending Smarter with the "AND Asset"
There are two common spending profiles most people fit into. The first is The Saver - the person who saves money for purchases in a bank account, then withdraws that money once it's reached its target amount. The second is The Debtor - the person who uses a credit card or line of credit to pay for purchases, then repays that balance over time, trying to get back to even. One major problem they share is failing to capitalize on compound interest. Here's how The Perpetual Wealth Strategist - the person leveraging their whole life policy as an "AND Asset" - acts on financial needs and opportunities without eliminating their ability to grow their wealth.
Webinar: Prepare for Retirement At Any Age
Knowing the right questions to ask when planning for retirement is the first step to getting ahead in your non-working years.
Webinar: What Would Your Financial Future Look Like By Using The Perpetual Wealth Strategy
Join Wealth Strategist, Nate Butler and discover how to BECOME YOUR OWN BANKER using this powerful strategy.
Issue 2: What Life Insurance Brings to a Financial Portfolio
During a client meeting a few months ago, I asked the savvy investor I was meeting with about what initially brought him to Paradigm Life.
Webinar: Discover the Secrets to Becoming Financially Stable in the 21st Century
Traditional financial wisdom is limiting. You are forced to choose between accumulating or utilizing your money, not both. Why does traditional financial wisdom force us to choose?
Preparing for Your Complete Retirement Journey
Retirement should not cause worry, the golden years are meant to be enjoyed. Listen to President and CEO of Paradigm Life, Patrick Donohoe, discuss how Whole Life Insurance, when properly used and structured, can facilitate an abundant retirement.
How to turn the holidays into your best investment of the year!
Most people do not look at the holidays as an investment. However, the holidays are one of the best times to make many investments that will give you positive yield forever.
Issue 3: The Most Valuable Benefit of Life Insurance for Children
"Just use the debit card," my daughter Meghan said to my wife. Like every kid, my children weren't born understanding the concept of money. To them, you swipe a card here and you swipe a card there and stuff becomes yours. "Just use the card" was a common phrase on Target runs and trips to the grocery store. Time flies. I have one child in high school, one in middle school, and one in Kindergarten. My kids, even the youngest, are at an age where they now understand what money is. More importantly, they're starting to grasp its value, which is not in the money itself but in what creates it. Things don't show up just from swiping a card. They aren't valued at a dollar amount. They're valued in nights of babysitting jobs, chores around the house, and helping dad at the office. There are many ways to teach children the value of money, but a Wealth Maximization Account is designed with specific characteristics to benefit your children, both now and in the future, and can be an asset for the entire family. The Value of Life Insurance for Children Opening up a Wealth Maximization Account (a whole life policy designed for high cash value) on your children or grandchildren is an incredible way to set them up for a secure financial future. But the life insurance policy itself isn't what changes your child's life, it's the education behind it. Using a whole life insurance policy for children to teach them the value of money is a priceless gift. This gift to a child or grandchild is more than the cash value of an inheritance or trust fund. It's not about giving them money, although you can certainly use it that way if you wish. I use my children's life insurance policies to teach them the difference between wants and needs, the difference between good debt and bad debt, and to help them understand their intrinsic financial value. Do children have an economic value? They absolutely do. Their potential is like a seed, ready to be nurtured and cultivated. To maximize their value as an adult, they have to learn financial responsibility at an early age. One of the most effective ways I've been able to teach sound financial practices is by letting my kids borrow against the cash value of their Wealth Maximization Accounts. It allows me to show them the economic value of their life, as well as the unique way they can use it to make purchases. Family Banking Strategy for Kids A Wealth Maximization Account is unique in that it allows you to borrow against its cash value while still earning guaranteed interest on the full cash value amount of the policy. You, the parent, own and control your child's life insurance policy. You're the "bank" and can allow your child to take a loan from their policy, while the actual interest in the policy itself remains protected. Now, when my kids want things, my wife and I decide if we'll let them borrow from their policies, and it becomes their responsibility to pay it back. We call it our family bank. Our children have the opportunity to make purchases that are of value to them, but they must assume responsibility for paying back the loan. It forces them to weigh the value of their time and commit to a payment schedule. My daughter Meghan has used her policy to buy various types of electronics and a $400 gymnastics mat, amounting to thousands of dollars cumulatively. She had to create a payback plan before she could borrow the money. She felt she could earn enough for the payments by increasing the amount of babysitting she did in the neighborhood. She also researched ways to earn bigger tips by giving better service, such as making little videos of the kids, making sure the house was cleaner than when the parents left, and leaving a handwritten note. This experience has given Meghan an appreciation for where money comes from, what a loan is, and what interest is, all of which will benefit her in the future. Meghan is also learning the value of her time; an enormous lesson when it comes to her lifelong earning potential. The educational aspect of a Wealth Maximization Account is the most valuable benefit of life insurance for children. What If My Child Doesn't Pay Back Their Loan? Failure is part of the process. When it comes to teaching children financial responsibility, failure to repay a loan can actually provide a more powerful learning opportunity. As parents and the policy's owners, we "repossess" what they bought, whether it be a phone, iPad, bike, or toy. It's far
Protect Yourself from Market Volatility
Relying solely on the Stock Market during your retirement may leave you penniless. Patrick Donohoe explains how you can protect yourself and create a “buffer” against market volatility. These strategies can not only protect the money you have saved, but allow you to continue to grow your savings during retirement.
Planning for a Successful Retirement
A successful retirement can happen sooner than you think - it takes knowing the right details about your plan. Too often, people focus on money accumulation to get into retirement, but forget how far their money will go after they've reached retirement.
Infinite Banking at a Glance
Learn the basics of the Infinite Banking Concept that was created 40 years ago by a man named R Nelson Nash. The concept was revolutionary then as it is today.
Banking on Long Term Success
Banks and corporations have several different streams of cash flow that help to protect their money, and keep their business thriving. Have you ever wondered what you can do to mimic their powerful wealth strategies?
Discover The #1 Cash Flow Resource: Permanent Life Insurance
For nearly 79 years this asset was used by the majority of Americans to store their wealth. It was a replaced with financial products like the 401k and IRA. However, the replacement never did what it was intended to do. Today, you can still store your wealth here, and more and more people are learning and benefiting from it like they did in the past.
Tax Advantages of the Wealth Maximization Account
When compared to alternatives, the Wealth Maximization Account - a dividend-paying whole life policy designed for maximum cash value - can have some of the most lucrative short- and long-term tax benefits available.
Determining Capital Value
Putting monetary value on a human life can feel heartless. Yet, insurance companies every day. Placing value on their client's lives to ensure that the clients beneficiaries feel (at least financially) as if the loved one had not passed. When it comes to Whole Life Insurance, mutual insurance companies take a completley different angle.
Retiring Soon? What You Need to Know.
Discover what you can do to combat the volatility of the market and how to avoid emotional investing.
Should Your Family Use The Family Banking Concept?
Join Ryan Lee as he discusses a strategy that has completely changed the future of his family.
Grow A Healthy Medical Practice with Life Insurance
It can be fiancially difficult to take over a medical practice, or maybe your business is running on a tight budget, and you need a cushion for expenses. “Infinite Banking for Doctors” will help you understand how utilizing Whole Life Insurance is a smart way to advance your practice.
The Whole Truth About Whole Life
Learn why the critics such as Dave Ramsey and Suze Orman are right about Whole Life but also learn a few of the reasons why they misinformed.
Real Estate Investing Using The Perpetual Wealth Strategy
This article will teach you about a financial system that has been followed by some of the most successful investors, individuals, and institutions in history. You will learn why it is so successful and the steps to take to implement it. Regardless of your current financial situation, you can implement this system on a small, medium, and large scale with success.
Asset Protections in Your Whole Life Policy
We live in one of the most litigious times in history. That means that your personal, business, and family assets are at more risk of lawsuit, judgment, and seizure than ever before. Storing foundational wealth in vehicles and strategies that offer the most protection possible is a key component of the Perpetual Wealth Strategy™. While there is no such thing as absolute asset protection, the very nature of your whole life policy provides barriers to four major financial risks and liabilities, keeping as much power as possible in your hands.
Typical Lending vs. Whole Life Policy Lending
Quick access to liquid capital is invaluable. Rather than locking away and restricting access to your savings, or requiring borrowing approval from an outside institution, The Perpetual Wealth StrategyTM allows you to access your money when and as you wish through the whole life policy loan. While it may not always be your best funding option for future purchases, investments, and needs, here are a few ways the whole life policy loan stands apart from typical lending options.
Webinar: How to Safely Fund Your Kid's College
Find out how you can dissolve the worry associated with paying the burdensome expense of college funding.
Live Presentation: The "AND Asset"
Experience our President and CEO Patrick Donohoe presenting on The Real Estate Guys Summit at Sean in 2014.
Climbing Retirement Mountain- Compare With and Without a Perpetual Wealth Strategist
The majority of people don’t plan correctly for retirement - learn how to avoid the common mistakes.
How To Maximize Your Wealth Using a Wealth Strategy
In this informational eBook you will find resources on how you can become more passionate about what you do, and create a strategy that works for you that will increase your yearly.
Issue 4: How to Embrace a Mindset of Financial Freedom
I read an article recently that shocked me. It talked about how medical and technological advances should be increasing the average lifespan of people, yet American life expectancy is actually going down. The causes? Drug abuse, suicide, and an unhealthy lifestyle. Data shows people are unhappy and soothing it with quick fixes that don't provide lasting joy. The mindset many of us currently adhere to leaves us unfulfilled during our working years as well as in retirement. We're stuck because we put limits on our lives based on money and allow it to be the driving factor for our decisions, as well as the excuse for our unhappiness. We've been conditioned to believe our lives should be a linear equation of A+B=C. Here's an example: A. We earn a degree and land a good job with benefits. B. We put 10% of our money away for retirement. C. We retire at 65 funded by savings and social security. If this linear equation was the key to financial freedom, all retirees would be exuding joy, and financial worry would be a long-forgotten emotion. Unfortunately, life is not linear, and according to a recent USA Today article, the anxiety level of retirees is greater than it was when they were working. The Solution: Mindset In Carol Dweck's best-selling book Mindset: The New Psychology of Success, she outlines two mindsets to navigate life: a fixed mindset and a growth mindset. A fixed mindset prevents happiness. A fixed mindset has a lot of rules that must be followed in order for happiness to be experienced. A job title, a bank account balance, the right friends, the right spouse, the right body, the right looks, and so forth. A fixed mindset is always looking for what's wrong or what's missing, focused on reaching the mirage of financial security. A fixed mindset puts limits on what you can achieve, how happy you can be, and how much your life is worth. It's why many of the richest and most successful people struggle with depression, substance abuse, and suicide. They subscribe to a mindset that leaves them feeling unhappy in spite of all they've accumulated. Are you stuck in 1929? Prior to 1929, America was the epitome of a growth mindset. The Industrial Revolution was a time of possibility, innovation, and living the American Dream. The Great Depression ushered in an era of deep-seated fear, of which the impact can still be felt today. People weren't just afraid they wouldn't be able to feed their children or keep a roof over their heads, they were afraid they wouldn't survive. A chasm formed between wanting as much certainty as possible and enjoying the real meaning of life. One of the primary originators of the idea of retirement was The Great Depression. That is when the US Social Security program was conceived. Those who made it through The Great Depression emerged with a money mindset that prioritized financial security over financial freedom, with the ultimate goal of not having to work past a certain age. The "indulgent" experiences of vacations and meaningful family time were deferred until a later date in the future; a sacrifice for the carrot of retirement. Embracing a Growth Mindset Most Americans live better than kings did 100 years ago. Healthcare, communication, transportation, nourishment, access to limitless information, and the vast forms of entertainment couldn't be fathomed by our great grandparents. 2020 is a miracle compared to how the world operated just a few decades ago, and our opportunities for experiences reach nearly as far as our imaginations. When you value your life by experiences instead of money, you'll find you're worth quite a lot more than you thought. This is a growth mindset. However, a growth mindset does not happen overnight. It requires an ongoing purging of conventional wisdom. Financial freedom isn't possible without a growth mindset. If you prioritize work and money, you won't walk away from your retirement party with the ability to enjoy vacations and family time-because you won't know how. You've never allowed fulfillment to be defined by anything other than money, and there will likely never be enough. Keeping Up with The Joneses
Powerful Cash Management Strategies
Real Estate has attracted investors for hundreds of years because of its ample wealth-building benefits, but it's not failproof. Many individuals find themselves at a financail loss with property investment while they try to build wealth. Why? Read how Permanent Life Insurance provides an excellent investment system.
6 Things to Know About Cash Value
This infographic teaches you the benefit of keeping your wealth in cash value. Cash Value offers privacy, guaranteed growth, dividends and more. Download the infographic today to get a snapshot.
Hierarchy of Wealth
Just like Maslow's Hierarchy of Needs, there is a natural progression for meeting your financial needs: fulfill the most essential first before pursuing any other financial goal
Webinar: Whole Life Insurance - A Private, Protected Asset Class
The insurance industry has aided individuals in building wealth with more consistent success than Wall Street. Did you know these assets come with a level of privacy too?
The Perpetual Wealth Strategy
This article will show you what the Perpetual Wealth Strategy is.
Issue 5: Uncommon Investments: Think like LeBron James
Three years ago my wife Synthia did something I would have never anticipated. In 2017, she officially became a sports fan-specifically of the Utah Jazz. Since that season, Synthia has missed only a handful of home games. The experience has officially become our weekly date night during basketball season. Most games, she cheers and coaches from the stands. However, when the Houston Rockets come into town, she takes it to another level. Without getting into the details, James Harden and Russel Westbrook usually get a mouthful of colorful language from Synthia Donohoe. A few months ago, I could see her "dark side" emerging when the Jazz were playing the LA Lakers. Then my wife and I noticed something happening on the court that gave us a different perspective. When a shot, dunk, or steal was made, LeBron James jumped off the bench in celebration. But when a shot was missed, he did the exact same thing, encouraging the attempt. The way he engaged with refs, media, and the Jazz staff and players was noticeably respectful. Towards the end of the fourth quarter, even though the game was in full swing, he had half of the arena's attention when he motioned for kids to come courtside. He signed pairs of shoes and other Lakers' gear for them. LeBron James is a great basketball player and has taken that greatness to the business world. He is mentored by admirable people: Warren Buffett and Bill Gates, to name a few. As you might guess, it's not to get the stock tip of the week. It's to gain their greatness, seeing the world the way they do. Warren Buffett told LeBron to avoid get-rich-quick deals and to invest in what he knows, to leverage his unique strengths and attributes into the business world. This simple insight isn't relevant to just LeBron or other celebrities; it applies to everyone. Traits to leverage for successful investment: Core competencies Talents Strengths Professional training Experience Credentials Relationships Business contacts Business opportunities Your reputation Here is one of many examples of how Lebron leveraged his strengths and attributes: Back in 2008, LeBron and Beats Electronics cofounder Jimmy Iovine met with their financial adviser to discuss a documentary (yes, they had the same financial guy). During that time, Jimmy was working on developing Beats headphones with Dr. Dre. LeBron was a big fan of Dr. Dre and had been listening to his music for the better part of his life. After their meeting, Jimmy sent LeBron a prototype of the new headphones. LeBron requested more pairs for his whole basketball team, and a brand was born. What followed was a partnership between three music and sports icons, an eventual buyout by Apple, and a reported $30 million in equity for LeBron. Talk about capitalizing on your relationships, business contacts, and reputation! What's Your Investment Personality? Successful investing isn't delegating your financial future to someone else. It is your responsibility. It comes from knowing yourself, knowing what kind of investor you are, gaining sufficient knowledge of the underlying investment, and most importantly, knowing how to use leverage. Delegation is taking something you're responsible for and giving it to someone else. You delegate on the basis of hope that it will actually get done and get done right. Leverage is working with another individual to produce the intended result. Personality assessments are a great way to discover your investment personality. They can provide insight into how you get results, what your strengths are, and the way you work best with others, among other things. I recommend using at least two of these highly regarded assessments: Myers-Briggs Type Indicator test (http://myersbriggs.org/my-mbti-personality-type/) DiSC personal assessment tool (https://www.tonyrobbins.com/disc/) Gallup's Strengths Finder (http://gallupstrenthscenter.com) Kolbe A Index (http://m.kolbe.com/aindex) If you're a visionary and quick to make decisions, consider investments that require rapid decision making upfront but might be harder to liquidate, so you
Access Your Savings Tax Free with a Private Retirement Plan
401(k) Savings Plans have not helped the last ten years earn the title “Decade of Nothing” for no reason. Learn how the retirement plan really stands up.
Infinite Wealth: A Different Kind Of Retirement Planning
When helping baby boomers prepare for retirement, we at Paradigm Life, have realized that many of those clients come to us with the same three major fears. Read how a properly structured whole life policy can help alleviate retirement fears.
Climbing to Financial Freedom
Our clients come from all walks of life and at various stages of their financial life. We provide services that will enhance your financial well-being regardless of your situation.
The Perpetual Wealth Strategy for Business
Did you know 401(k)s were never intended for retirement? Find out a better solution for your bussiness that will help you finance your expenses and retain good employees.
Webinar: How to use Infinite Banking - A Private Insurance Contract Strategy
Join Wealth Strategist Ryan Lee on a webinar that shows the tools are only as valuable as the one who uses them.
Austrian Economics: For a Failing Economy
“Central banking is like a thief in the night, silently robbing us of money and control as we quietly sleep.”
An Asset that Protects and Builds Family Wealth
Discover a powerful financial management tool for you and your family in your normal day-to-day life, as well as big events like purchasing a home or starting a business.
Your New Money Mindset
You've adopted an untraditional financial mindset, strengthening your position of power over your finances and the results you're able to achieve. This mindset is vital to maintain
Using a Perpetual Wealth Strategy as Permanent Growth Path For Your Business
Gain the liquidity, flexibility and security to finance your business expenses without a bank.
Agriculture At Work With A Permanent Life Insurance Strategy
Infinite Banking can assist farmers and their families in establishing a private banking system that can be used to finance both personal and business expenses. Read how this strategy is a smart way to supply financial safety for your family business.
Boost Your Real Estate Gains by Being Your Bank
Learn how to combine the wealth building powers of Real Estate and the Private Loan of the Perpetual Wealth Strategy to increase your returns and reduce your risk.
Free Chapter of Heads I Win, Tails You Lose
It's no secret that Americans are losing the game of money. In Heads I Win, Tails You Lose, Patrick Donohoe teaches you how to win. Discover the time-tested and proven wealth-building strategies that lending institutions, government, and fee-based advisors don't want you to know about - the ones that put the power of financial freedom back in your hands.This free chapter will get you started hearing about the journey Patrick has taken to start Paradigm Life and help people learn the investment strategies they need to be successful and build wealth outside of Wall Street. Begin learning how to take back control and achieve true financial freedom through proven financial strategies that will help you grow your wealth like never before.
How Permanent Life Insurance Strengthens Your Business
Being a business owner can be one of the most stressful occupations out there - every financial decision begins and ends with you. How do you succesfully keep your business thriving? Read how permanent life insurance can provide cash flow to help your business grow.
The Power of Mutual Insurance Companies
Banks and corporations hold billions of dollars in cash value life insurance. The providers of these policies, mutual insurance companies, have been some of the most proven and reliable companies in existence. From their foundational structure to their fiduciary responsibility and historical performance, mutual insurance companies can be one of the safest places to store your assets. Here are just a few of the ways their structure sets them apart from banks and other financial institutions.