How To Blow Your Own Mind With The Way You Save Money

If you’ve followed me for any length of time, you are probably aware that I am 100% against Central Banks, Wall Street, and the IRS. I believe these 3 groups single handedly destroy the wealth potential of 99% of the world’s population. If you’re with me and are not a fan of these 3 groups, I want to share with you the way to escape and create you wealth with 1 simple change. In fact, this is so powerful, it will make you stop and say “damn!”.

The inspiration for writing this article is a call that I just got with a client. At the end of the call, all he said was “Damn! I’m in!” This client of mine is setting up his Sacred Account. This is the place where he will save 40% of his income every month. Usually he would save it with the bank or with the IRS or with Wall Street, but he will instead be using Dividend Paying Whole Life Insurance. Let’s break down the problem with each of these 3 groups so that I can show you why life insurance mathematically is the best alternative.

To see more watch this Youtube Video – https://youtu.be/iDT7vS4xbPw

The Bank. This is the most traditional place to save money. It used to be a good idea, back when banks actually paid an interest rate and back when they didn’t leverage the money you gave them at 900%. You see, we save in the bank because we believe the money is safe, we know where it is, and it’s easy to access. Those are all good things, but here are a couple downsides: no growth, liquidity risk (the bank can legally limit the amount of money you can access from your account), and the fact that for ever $1 you give them they can loan out to 9 other people all at the same time. This means they make a ton of money, at your expense, at your risk, and if they screw it up they can refuse to give you your money until they’re profitable again. The bank is a terrible place to save money.

The IRS. Now most of us would say “But Jerry, I don’t save money with the IRS”. My only question to that is, who do you think invented the retirement plans you so happily put your money in? The majority of people save in a 401k or an IRA. The upside is tax deferral benefits, deductions, and….that is really it. The downside is that you can’t touch any of that money until you’re almost 60 years old! Also, the money that you get to deduct by putting it into these retirement plans is actually screwing you on taxes. Let’s say you put in $5000 into your retirement plan this year and it grows at 8% for the next 20 years. Well, yes you got to deduct the $5000 from your taxes and saved maybe $1250 in taxes paid, but look at what happens in 20 years. Your $5000 is now worth $24,634.01. Awesome right? Yea it’s awesome until you realize that you have to pay $6,158 in taxes when you take the money out for income. What a scheme right! you put money in to avoid paying $1250 so that in 20 years you can pay $6158 instead. What a deal right? The IRS is a terrible partner for your money.

Wall Street. When you save money with Wall Street, you get ripped off. It’s no more complicated than that. When you give them money, the only guarantee is that you’ll pay fees, even if they lose all of your money. There isn’t liquidity, there are market risks, and there are ethics risks too because you are working with the most dishonest people in the world. These are the guys who CAUSED every single market crash in history. They aren’t up front about fees, you have no control over the money, and if they gamble incorrectly, you lose everything and get nothing. But they still get paid! I don’t need to explain too much longer why this is a bad idea.

Life Insurance. Oddly enough, this really is the best place for your money. Let me explain. Life insurance, when structured properly, with the right company, and with the right strategy, is nothing like you’ve ever seen. When you put money into it, you immediately have access to 90% of all the money you contributed so that you can go use it right away. We’ve already beat the IRS and Wall Street with that. Oh yea, nothing. It has no fees either. Also the money is insured against loss & has a guaranteed minimum interest rate of 1%. We just beat the bank. Additionally, it pays on average a 6-8% annual dividend (which is why you want the right policy). What’s the bank pay again? You can leverage your money to be multiple places growing at once just like the bank.

So here is the layout. You save $1000/mo into life insurance. Immediately you can access $900 of that to go use for whatever you want, just like the bank. The other $100 bought death benefit units in the insurance company, which makes you an owner of the company, and pays you a 6-8% dividend to your account. When you use your $900, instead of withdrawing it, you borrow the equal dollar amount from the insurance company and use your money as collateral. Why? So that you avoid taxes because you can’t get taxed on a loan. Also, by borrowing, your money never leaves the account and therefore still gets paid your 6-8% dividend while you go use the money to do smart things.

Now you can see why all my client could say is “Damn! I’m in!”

If you’d like to access this powerful account (life insurance) and avoid your 3 worst wealth enemies, click here and I will provide you with more information.

Own Your Potential,

Jerry Fetta

Grant Cardone Certified Coach

Jerry Fetta helps his clients build wealth so that they can eradicate poverty in their own lives and own their potential.

He believes scarcity and abundance cannot co-exist and that the way to end poverty is to help you build wealth.

You were not created to spend 40+ hours per week serving the 40-year-to-life sentence trading your precious time for money just to live in mediocrity.

However, the truth is that time and money must be exchanged. It just doesn’t need to be you making the exchange.

Jerry helps his clients create wealth that exchanges time and money on their behalf. The only way to do this is to make more money, keep it, and then multiply it.

He has helped clients double their income, save $100,000 tax-free, and secure 8-12% fixed annual returns on their assets.

To get started, go to www.WealthDynamX.com/contact

About The Author