everything you buy. You either pay interest to someone else or you
give up interest you could have earned.”
-R. Nelson Nash, Becoming Your Own Banker
There is an idea called the Infinite Banking Concept (it goes by other names, too, such as Privatized Banking, Family Banking, Circle of Wealth, Bank on Yourself) that claims to help people purchase the big-ticket items they need without sacrificing wealth-building at the same time. Infinite Banking uses dividend-paying or participating whole life insurance, which is greatly misunderstood by many.
Today, we’d like to illustrate how this strategy works using a less-controversial asset: a home. We also include a link to a video that gives an Infinite Banking example of borrowing against cash value to purchase cars vs. paying cash.
Two weeks ago, our article “Should You Borrow Against Your Cash Value or Withdraw It?” began to examine some of the pros and cons of borrowing against whole life insurance vs. simply withdrawing it. In that post we said,
We are trained to measure interest paid on debts, but what about interest not earned when people save in a bank and pay cash, rather than storing that money where it can grow? This is your opportunity cost, which is every bit as important to measure as the interest you’re paying (if not more so). We either “pay up or pass up” interest, and it is critical to have MORE MONEY working for you than less money, even if it creates temporary debts in the process.
This week, we continue the discussion with a detailed illustration of how cash value gets more money working for you. Consider the following example:
A house functions similarly, in some ways, to your cash value. If you own a home for 25, 30, or 40 years, its value will grow significantly over time.
Even at a modest 4.5% growth rate (a rate that reflects the growth of many whole life cash value accounts as well as historical real estate gains), the value of a home will triple in 25 years! Here we show on the Truth Concepts Calculators how a $300k home will appreciate into a $901k home with a growth rate of 4.5% per year:
And a chart from the Truth Concepts Cash Flow calculator (which shows the gain each year):
If you have a $300,000 home, and you borrow $200,000 against it, the home will still appreciate (or depreciate) according to the market. Your mortgage will not stop the home from appreciating into a $900k+ home, given enough time and the right market conditions.
Borrowing against your home lowers your usable EQUITY, but it does not affect the VALUE of the underlying asset. In other words, a loan against the property does not lower the homes market value, but it will affect your ability to access the equity or further collateralize the asset.
Just like a home with a mortgage, a policy loan decreases your “equity,” but the overall asset value continues to grow, unaffected by any loans against it. As with real estate, you can borrow against your cash value without compromising the value of the underlying investment. Like a mortgage, the cash value account acts as collateral when you take a policy loan.
Borrowing Against vs. Withdrawing from Cash Value
A policy loan is like a simple, temporary “mortgage” against your cash value. On the other hand, withdrawing cash value is essentially selling or liquidating that portion of the asset. In real estate terms, withdrawal would be like sub-dividing your property and selling a portion of it. You no longer have that portion of the asset, instead, you have the cash.
Likewise, while you can purchase new premiums (or properties), you can’t “put cash back in” once withdrawn. (It’s just the rules of insurance.) Like a piece of physical property, you no longer have use of the part you have liquidated.
Real estate and cash value share an important characteristic:
Both keep growing in value even when they are borrowed against.
In the case of real estate, it is not unusual for the value of a property to actually grow FASTER than the interest on the debt against it! Long-term homeowners often get back every penny they paid into their mortgage when a home sells. They have virtually lived in the home for free!
How is that possible? When every new home buyer signs their escrow papers, the scariest document is their “TIL,” or Truth in Lending disclosure. Their TIL may disclose that they will pay $518,013 over 30 years for the $240k mortgage on their $300,000 house with a 6% interest mortgage. Add insurance and taxes, and you can add another hundred or two hundred thousand!
“Yikes!” thinks the buyer, “That’s a LOT of money!”
But 30 years later, even at a conservative 4.5% annual gain in value (4.5% is about the historical average for real estate in average non-bubble periods, and a rate that reflects what many policy owners earn on their cash value), this home they bought for $300k is now worth over $1.1 million. From 300k to 1.1 million!
This is not pie-in-the-sky, this is a phenomenon that repeats itself again and again and again.
Research the purchase histories of million dollar homes that are 30+ years old, you’ll see that they almost all started below the $300,000 mark. And many people who have owned several homes over their lifetime will tell you they would be much wealthier now had they found a way to hang onto the homes they used to own rather than selling them!
However, there is risk and uncertainty with real estate, as well as taxes, insurance, maintenance and other costs.
Cash value, on the other hand, is a low-maintenance asset that does not require work to maintain, and is not at risk of losing value when the market gets moody. But just like real estate, you can borrow against it while the asset grows. With regular (or lump sum) payments, your policy loans will eventually disappear, while your cash value continues to grow.
And here’s where it gets really interesting:
Just as the example above with real estate, consider how the growth of your cash value may be greater than the cost of your loan.
What does this mean for you? Just like a house can be “free” after 30 years because the appreciation exceeded the costs, so in a whole life policy, the costs of car purchases or even college educations are eventually typically exceeded by the growth of the cash value over time.
It may sound “too good to be true,” but as with real estate, it’s simply the way it works, again and again and again. In a properly set-up whole life policy (with the right PUA or paid-up additions rider to accelerate your cash value), it is typical to experience internal rates of return around 4.5%, depending on your health, age, and other factors.
(By the way, we do NOT recommend equity-indexed insurance products or ANY type of permanent insurance aside from whole life with a paid-up addition rider… equity-indexed insurance products are NOT safe to use in such ways as we are discussing here.)
While 4.5% may not sound like a “competitive rate” compared to typically-quoted investment returns (certainly nothing like some financial experts promise you’ll earn in the stock market, while they put their money elsewhere), it blows away any other risk-free account where you can:
store money safely
grow it tax-deferred
borrow against it at will, and
gain a death benefit, additionally.
When you keep growing your account by paying additional premiums, your cash value becomes not only a safe haven to store cash, but a dividend-producing asset that can grow faster than the interest on the loans you take against it!
By NOT withdrawing money when you need a car or a new roof, but by taking policy loans instead, your cash value acts like a home you keep for a decade or more. It keeps growing while you can leverage against it safely, securely, and easily. Best yet, you can “earn back” the interest you pay – and then some!
Click to see a peek-behind-the-curtain Infinite Banking example of how saving and paying CASH for vehicles costs MORE than borrowing against life insurance cash value to purchase the same vehicles! (This is a 9-minute tutorial Todd Langford did for Truth Concepts software for financial advisors.)
Additionally, the value of the underlying cash value asset eliminates risk typically associated with “borrowing” or “taking out a loan.” In cases where the policy owner for some reason is NOT able to pay off their loan out of their income, they simply paid for it with the cash value that served as the loan’s collateral.
In other words, doing a withdrawal remains an option, even after a policy loan is in place, should life not go according to plans.
Perhaps you’re beginning of understand the flexibility of whole life insurance and cash value policy loans…
Building Wealth 101 with the Infinite Banking Concept
The key that makes Infinite Banking and other similar concepts so powerful is this: borrowing against your own cash value asset keeps you SAVING and building wealth rather than saving cash temporarily in a bank account (education account, etc.) – again and again – only to spend it, then start from scratch again. If you focus only on eliminating or avoiding debt, you will actually slow down your wealth-building!
Robert Kiyosaki is known for emphasizing the strategy of buying income-producing assets. (We agree, and have encouraged clients in some situations to leverage cash value to purchase cash-flowing assets, such as excellent rental properties.)
With insurance banking strategies, the emphasis is on BUILDING a dividend-producing asset. The principles are the same, we are simply utilizing a very reliable, stable asset class that has proven itself reliable through every turn of the market.
Don’t just avoid debt and end up with empty pockets – build an asset you can use again and again!
Contact us for more information about this concept and how it can work for you.
© Beecham Financial Services & Prosperity Economics Movement
“Most people do
not become rich because they fear the power of leverage.”
One of the advantages of a Whole Life Insurance policy is the ability to borrow against your cash value, though the concept is widely misunderstood, even by insurance agents! In this post, we’ll explore exactly what it means to take a loan against your insurance policy, and we’ll look at some good reasons – and bad reasons – to borrow against your policy.
Do You Borrow Your Cash Value, or Borrow Against It?
A common misunderstanding is that people think they are actually borrowing the cash value itself, but actually, they are taking a loan against it. Your cash value is the collateral that the life insurance company lends against. So the real choice you have is to either reduce (or liquidate) your cash value, or borrow against it.
The cash value is your savings to take as you wish, but we recommend that you borrow against it rather than deplete it. Why? Just like with a house or other piece of real estate, it is usually more advantageous to keep the asset long-term and borrow against it (for example, with a mortgage) than lose the asset.
Just as with a rental home, properly structured whole life insurance policies allow you to retain the asset for future use. Real estate investors may borrow against and pay off mortgages several times against a long-term rental, and you have the ability to do the same with your cash value policy.
Just like real estate, cash value policies allow you to have a C.L.U.E., which stands for
Control – you control the asset, not your employer or the government.
Liquidity – it can be liquidated if desired, with no penalties and minimal taxes.
Use – different from a retirement account, the money can be used as you please, including used as collateral.
Equity – the asset grows over time and your net worth increases.
Good Reasons to Borrow Against Your Life Insurance Policy
Perhaps the most common reason people borrow money is in reaction to a cash flow crunch, perhaps caused by illness, divorce, or a temporary period of unemployment, But there are many good, strategic reasons why you might want to borrow against your whole life policy, even if you are not having a financial emergency.
For instance, it can be a smart way to leverage your savings to pay off or avoid consumer debt. It can be a way to increase your net worth or cash flow by providing capital to invest in real estate, or financial instruments with solid double-digit returns. It can be a brilliant strategy to use to supplement retirement funds or social security in later years when you are no longer working full-time.
Some not so good reasons to borrow against your cash value:
Nordstrom is having a sale. You never want to borrow money for non-essential, depreciating consumer purchases. And living beyond your means is also not a good reason to take a loan against a life insurance policy!
You got a “sure fire” tip about a hot stock. Borrowing
money to gamble is always a bad idea, whether it’s Vegas or Wall
Street. You never want to borrow money on a prediction, a hunch, or a
guess. When it comes to money, it’s important to deal with facts
Stay tuned for a follow up… Next week, we’ll look further at some advantages and disadvantages of borrowing against a life insurance policy.
Can we help you evaluate your own life insurance policy?
We find that people have a lot of questions about their policies:
“Do I have enough insurance?”
“What will be the impact of borrowing against my policy?”
“Is this a ‘good’ policy with the proper riders, or is it the kind of permanent insurance that has gotten a lot of bad press?”
“How can I use my whole life insurance to benefit my family now?”
If you have questions, we can help you get them answered! Beecham Financial Services is once again offering complimentary policy reviews. Just click here if you would like to schedule a no-obligation appointment with us to review your policy.
© Beecham Financial Services & Prosperity Economics Movement
Have we given our power to financial corporations that prioritize their own profits over our best interests? If your dollars have been handed over to the Wall Street machine to be used as gambling chips in a big poker game, it’s time to make a change!
At Beecham Financial Services, Inc., we advocate safe money alternatives that produce reliable results, regardless of how stocks, bonds, commodities, and housing, are performing. (Contact us to find out more.)
In addition Beecham Financial Services, Inc., also advocates saving cash and building liquidity with participating (dividend-paying) mutual life insurance companies, which are not leveraged like the big banks, nor do they participate in risky investments. Owned by policyholders, mutual companies have a centuries-long track record of stability and delivering far superior returns to bank CD’s or savings accounts when policies are held long-term. Contact Beecham Financial Services for details, advice, and (if applicable), a no-obligation life insurance illustration.
© Beecham Financial Services
“If they can get you asking the wrong
questions, they don’t have to worry about answers.”
– Thomas Pynchon, Gravity’s Rainbow
Financial and political power congregates on Wall Street… epicentre of the American financial universe, and the subject of many a movie about the ruthless and the rich. But to the average American investor, putting your money into stocks, bonds and mutual funds is just “what you do.”
Investing (or should we say, speculating) in the stock market is exactly what roughly 100 million Americans do – often, with few questions.
According to data from a 2013 Pew Research Center survey, over half of Americans between age 30 and 65 have money in the stock market, a percentage jumps to 80% for Americans with incomes of $75k or more. Funds that are typically stock-based (over 50% in equities) such as target-date funds, balanced funds, and (most) managed funds are now the default option (where an employee’s money goes if they do not specify otherwise) for 401(k) retirement funds.
The Department of Labor actually changed the default option for qualified plan investments from stable value funds at stock-based funds the end of 2007, less than one year before the stock market started the long slide that deleted TRILLIONS of dollars from American investors’ accounts. However, few if any of the administrators, managers, and advisors who watched retirement accounts switch from stable to volatile funds raised questions or protests as to whether this was a good idea.
Frankly, the managers and advisors who benefit from funneling dollars into the stock market (mostly via mutual funds) would prefer that you don’t ask the hard questions about where your money is going. And the media – financially dependent upon advertising dollars from financial firms – won’t ask the hard questions either.
Instead, the marketing dollars that build top of mind awareness for brokerage firms determine that the questions being asked are the ones that encourage investors to keep handing over their dollars.
Simply put, Wall Street wants you to ask the soft questions… the easy questions… the wrong questions:
"How much should I have in stocks vs. bonds?"
"Which mutual funds had the highest returns last year?"
"How much risk do I need to take to earn the rate of return I need?"
"What target-date fund should I invest in?"
Most of us don’t know how to demand the truth about our money. We let the media (and the popular financial gurus it promotes) shape our understanding of financial philosophies, strategies, and products, rarely to our own benefit.
However, no matter how much money you have to invest in financial service products, Wall Street hopes you’re NOT asking THESE questions:
“Should I invest based on anticipated (or past) rates of return, or are there more important considerations?”
While rate of return is important, you never want to stand the chance of losing the money you’ve worked so hard to save. You must consider safety, liquidity, tax treatment, your amount of control over the money, cash flow and more.
We think it’s a little crazy to speculate in a market that nobody can predict or control… and to pay fees and often taxes in order to do so! But that is exactly what Wall Street offers. The fine print says that “past results are no guarantee of future performance,” and you should heed that warning. People who build and keep their wealth do not take risk lightly.
“How can I avoid the peaks and valleys of the market altogether? Are there better investment choices than stocks and bonds?”
Yes, but you’ll never discover them if you’re listening to Wall Street or a “typical” financial planner, where the question they hope you’re asking is, “How much do I allocate to stocks, and how much to bonds?”
When you ask a brokerage firm how to balance risk and the desire for growth, you play right into their hands. Instead, ask, “How can I ensure my money grows regardless of market fluctuations”? Then consider Prosperity Economics, a philosophy that teaches investors to avoid the risks of investment gambling by using alternative investments that aren't correlated to the stock market.
Prosperity Economics goes beyond typical financial planning and advice to utilize alternative investments and strategies. Life insurance products, real estate and bridge loans, business, mortgages and other lending environments continue to provide safer, less volatile investments – often at higher returns than the stock market is delivering.
Brokers will never educate you about these products -even if they invest in them themselves – because they don’t sell them. (They can actually lose their jobs that way!)
“How will taxes and fees eat into my investment returns?”
Unfortunately, your advisor will likely show you charts and graphs that will show the “potential” of an investment, but not the real returns. You’ll have to ask the tough questions – or use your own calculator – to get the whole truth.
In her book, Busting the Retirement Lies, Kim Butler outlines how taxes and fees can gobble entire chunks of the typical 401k – even more than half! You have to read and see the illustrations from Truth Concepts financial software to believe it.
“How do I know you operate in my best interests?”
Wall Street wants you to ask, “What mutual funds do you recommend?” instead of whether or not the advisor works from a fiduciary platform. Recent research estimated that 85 per cent of advisors who teach, sell and advise about retirement accounts do not operate from a fiduciary platform, but rather from a suitability platform. That means that there is no law requiring them to suggest the best choices for you, regardless of their own compensation, your recommendations just need to be “suitable.”
“Is this investment strong enough to collateralize, if wanted or needed?”
Most investments don't make very good collateral, which should be a clue to how risky they really are.
IRAs. IRAs are not allowed to be used as collateral.
Stocks and mutual funds: Sometimes, brokers allow a loan of up to 50% of a mutual fund investment in order to purchase more mutual funds. However, in addition to fees and interest, you could lose big-time if a margin call happens.
401(k) loans: At some companies, employees can borrow the lesser amount of 50% of the account balance, or a maximum of $50,000. If the person leaves, he/she must repay all of the borrowed money in 60 days (using after-tax dollars, of course).
Real estate: Often, up to 80% of a home’s value can be borrowed or remortgaged… sometimes more for owner-occupied homes. Purchase loans go as high as 96.5 – 100% with FHA or VA loans.
Cash value in a whole life policy: A policyholder often can borrow up to 95 per cent of the policy cash value. Annual interest applies but you can repay the loaned amount on your own schedule.
“How can I maintain control of my own money?”
The financial system enables money managers to control the money you invest. What are your mutual funds invested in? Where are your target-date funds allocated? Few investors have any idea, and even the money managers making the decisions have no control over the market or your returns.
Wall Street loves investors to ask which fund has the lowest fees because then you’re not thinking about how to avoid fees; you’re looking instead for the smallest fees. However, even small fees add up over time as the fees – and your opportunity costs – compound. Astoundingly, the average American household often pays six figures in “little fees,” according to “The Retirement Drain,” a study published by public policy organization Demos.
Frontline’s investigation, entitled “The Retirement Gamble” was an eye-opener about Wall Street and how much of “your” investment nest egg may be going into someone else’s pocket – with no guarantees for you! It’s an excellent exposé , however, the program stops short of recommending real solutions.
"What are other options?"
Prosperity Economics strategies help you build wealth and financial confidence with great control and transparency. We don’t believe in blindly handing your money to financial corporations who make no guarantees and may not have your back. Contact us to discuss how you can protect yourself from Wall Street risks and worries. To learn about all 7 Principles of Prosperity™ and explore “Prosperity Economics” further, we recommend our book, Financial Planning has FAILED. You can receive a copy of this book compliments of Beecham Financial Services.
© Beecham Financial Services & Prosperity Economics Movement
“Chase your passion, not your pension.”
– Denis Waitley
Although variations on the pension plan have been with us since the formation of the United States, there is a very good chance they will go the way of the carrier pigeon and the dodo. While not completely extinct yet, it is clear that we can no longer rely on the pensions of yesterday to provide for our future needs.
What can we learn from the rise and fall of pension plans, and where can we go from here to put control back on our side?
The Ascent of the Pension Plan
The first government pensions came about to help fund disabled soldiers and widows of the Revolutionary War. When a husband passed away, it was difficult for women to remarry, as it was for them to become landowners or acquire gainful employment. The U.S. government began issuing limited pensions (often in the form of land or animals, not cash) to protect disabled veterans and war widows in the late 1700’s from destitute poverty.The military pension system expanded dramatically after the Civil War, as pensions were issued to anyone who had been honorably discharged after serving as little as 90 days in the Union Army. Then in 1904, President Theodore Roosevelt issued the “Executive Order for Old Age Pensions” which increased pension payments based solely on age, regardless of injuries. This opened the gate to many other similar age-related benefits and entitlements. At its peak, the Civil War pension system consumed approximately 45 percent of all federal revenue and was the largest department of the federal government (other than the armed services).
The American Express Company established the first private pension plan in 1875. Over the next 50 or so years, pensions were adopted by Standard Oil of New Jersey (1903); U.S. Steel Corp. (1911); General Electric Co. (1912); American Telephone and Telegraph Co. (1913); Goodyear Tire and Rubber Co., (1915); Bethlehem Steel Co. (1923); American Can Co. (1924); and Eastman Kodak Co. (1929).
Pensions rose quickly during the post-WWII era. America had shifted away from an agrarian economy to one based on manufacturing and production. New urban centers and industries sought workers. The industrial and corporate pension, based on the military pension model, became an integral element of employment packages. Changing tax laws also allowed employers to take tax deductions based on their plans.
Workers grew used to the notion of working for a single company until retirement age. It was taken for granted that workers and their families would be well-cared for by companies, unions and Social Security.
An Unsustainable Model
Initially, most pensions were of the simple “defined benefit” variety. Employers set aside funds to be distributed to employees at the culmination of their professional lives.
In 1971, when the US government moved away from the gold standard and the Treasury started dramatically expanding the money supply by printing more, runaway inflation resulted. The dollar weakened and bought less. By the late 1970s, a combination of the weaker dollar, economic troubles, and the collapse of unions cracked the foundation of the traditional defined benefit. Census figures for 1980 showed a high of 46% of Americans were covered by a private pension of some sort. Since then, that percentage began steadily declining, accompanied by a decline in personal savings rates as well.
New accounting rules led to the formation of the 401(k), a “defined contribution” plan. Responsibility for saving was shifted from employer to employee as employers began putting a portion of employee earnings into accounts that were increasingly invested in stocks and bonds, often growing and shrinking according to the market.
Initially, many plans saw employers matching the funds contributed by employees. This practice has faded away, with up to 100% of contributions now coming from employees themselves in many companies. By 2011, only 3% of private sector jobs provided a defined benefit pension.
Another significant shift over time is that both pensions and 401(k)s have shifted away from saving (growing money safely) and into speculative investing. The result is that both pensions and 401(k) plans offer no real guarantees for employees. From airlines to steel companies to the auto industry, many pensions have been severely underfunded or have failed entirely. Companies and employees alike have suffered, and the only winner here seems to be Wall Street, whose workers now earn twice as much in bonuses alone as the much larger pool of full-time minimum wage workers, according to the U.S. Department of Labor blog, quoting an Institute for Policy Studies analysis.
Matthew Reisher, the CEO of legaladvice.com, sums up the situation this way:
“The demise of private pensions took root with the Federal Reserve’s excessive money printing of the 70s. This made fixed income revenue streams worthless. The 401k…was the final nail in the coffin for the pension plan. It is no coincidence that the 401k allowed Wall Street access to excess money that previously funded pensions but now could be speculated on equities, bonds, and other financial instruments.”
Taking Control of Your Financial Fate
The 5th Principle of Prosperity is CONTROL; keeping the control of money in OUR hands!
While it might seem “nice” for employees if their employers and the government could provide ample guaranteed income, it has never been a sustainable solution. After all, we the taxpayers are the ones who fund “government” benefits, and company benefits are often paid for with ever-rising prices, also paid for by us!
Additionally, according to “The Rise of Fall of the American Pension,” pensions have been underfunded every since longevity increased following WWII. If we wish for unions, companies and the government to “take care of us,” we’re wishing for a reality that existed only for a brief moment in time.
The responsibility of saving for the future is ours alone. This may appear to be a burden, but it is actually an opportunity to determine our own financial destinies. Doesn’t it make more sense to guide and control your own financial fate? Rather than trusting that someone else is saving “enough” or investing safely, we can regain control of our individual economic fates by saving and investing in financial instruments that will not vanish with stock market losses or low interest rates.
Here are some ways to start designing your OWN Pension Plan:
Step One: Build Your Personal Savings and Emergency Funds
The best starting point is to increase the amount of money you save. Rather than spending as much as you earn or worse, depending on credit to bridge the gap between spending and earning, strengthen your savings habits. If you don’t feel you can save 10-20% of your income (we recommend 20%), take a good, honest look at your finances to find ways to earn more and/or spend less.
If you are employed at a firm that has a 401k plan but does not
match you dollar for dollar, opt out, reclaim that cash, and build
your savings and investments elsewhere. We recommend always saving
outside of a 401(k), although there are good investing options with the self-directed IRA's.
If you start saving, a traditional bank might not be the best steward of your money. From handing money over to creditors, the IRS, or government entities trying to earn extra money through civil forfeiture (not to mention the risk of larger bank failures that could quickly drain FDIC reserves), a bank is not a safe or private place to store cash. Credit unions have a much better track record than traditional banks for weathering economic downturns and can provide a safer haven for short-term savings.
Step Two: Store Cash and Grow Long-Term Liquidity
When you have adequate savings equal to several months’ expenses, you’re ready to start long-term savings. A whole life insurance policy builds cash value over time, is much safer than banking institutions, and the long-term returns are historically much better than banks or credit unions can provide. Cash value grows tax-free while in the policy, and the legacy benefit grows as well.
Best yet, the cash value can be leveraged against as collateral for emergencies, opportunities, or for ANY reason. While this may appear similar to getting a regular bank loan using your house as collateral, there is a significant difference: You are putting the equity that you control to work for you, acting as your own banker, and there is no bank “approval” required. It is YOUR money and YOU are in control of it!
Step Three: Invest for Cash FlowThe fourth Principle of Prosperity is FLOW. One of the real problems with “typical” financial planning is that it focuses on accumulation, not cash flow! A million dollars in the stock market can be lost, and a million dollars in a bank savings account won’t generate enough interest to even buy groceries.
Therefore, designing your OWN pension plan needs to include a
mechanism for turning the money you save into cash flow! We have a
cash flow solution that, depending on your situation, can provide
steady monthly income ranging from (depending on your situation) high
single digit and even low double digit returns. (Contact us for details, ask about our cash flow solutions, and begin designing your own pension plan.)
Step Four: Extend Your Income
Instead of focusing on retirement, we strongly recommend people discover what they LOVE to do. Whether it’s writing novels, mentoring business start-ups, teaching skills to children, or something else, you can take control of your income for a lifetime by continuing to be productive in a way that provides income and gives you deep satisfaction as an added benefit.
Find Out More
To learn about all 7 Principles of
Prosperity™ and explore “Prosperity Economics” further,
including our solution for growth-oriented investments not correlated
to ANY financial market, we recommend our book, Financial
Planning has FAILED. You can receive a copy of this book compliments of Beecham Financial Services.
© Beecham Financial Services & Prosperity Economics Movement