What is The Wealth DynamX Sacred Account? | Grant Cardone TV

What is The Wealth DynamX Sacred Account?

I teach my clients to save 40% of their gross income every single month. Why? Because this is what the top 1% of wealth have done for hundreds of years. The effect that this creates is ridiculous amounts of cash accumulation for investments, it necessitates the need for more income because a person always feels broke, and it is also the key to create long term wealth. This account that this 40% goes into is not your typical checking or savings account and it certainly isn’t a 401k or IRA. I call this the Sacred Account. The Sacred Account is only for investing and you don’t even look at it until you have $50,000 or more built up in the account.

The features of the sacred account must first of all be a guarantee against any loss of money. This must be safe haven for money. Second of all is separation. You do not want this account to be easy to access. Second is forced savings. You must have money automatically taken from your account for deposit into your sacred account. The next feature is liquidity. Although you do not want the account to be easy to access from an administrative standpoint, the account does need to be fully liquid so that when the time comes, the individual can access the funds with no fees, penalties, or hassles. Lastly is a little bit of growth. Inflation is real and so this account should provide a minimal hedge to protect the buying power of the dollars being put into it.

What does Wealth DynamX recommend as the Sacred Account? Quite plainly, properly structured, high cash valued, guaranteed, dividend paying whole life insurance. That’s right! I put my own money into this and recommend it to all of my clients. This life insurance policy perfectly meets all of the criteria for our sacred account and is to be used for the sole purpose of real estate investing once built up. I’ll break this down.

1. Guarantee against any loss of money. This policy is guaranteed by the insurance company not to lose money. It is backed at the state level by the guaranty association. My clients have never lost money in these and in fact, the companies I recommend have tracking records of profitability for more than a century and a half! Meaning that NOBODY has lost money in them for almost 200 years.

2. Forced saving. That’s exactly what this life insurance provides. You’ll commit to a monthly dollar amount with the insurer and that amount will be taken from your bank account every single month no matter what. There isn’t an option not to save money. This is so effective because of the fact that most people would have no money saved if they weren’t forced to save.

3. Separation. This may be the best part of the life insurance contract. The money is stored in a separate account held by the insurance company. My clients have online access to view their balances and so do I. This creates massive accountability. I can tell who is following through and who isn’t. If a client wants to access their policy, they must contact me and request a wire transfer. Can you see how effective that is?

4. Liquidity. This money is not tied up. It isn’t an IRA or 401k where once you put money into it, you cannot touch it. For every $1 you put into it, roughly $0.70 of that dollar is liquid immediately from day 1. The other $0.30 purchase shares of death benefit in the insurance company. These shares produce a 5-8% dividend that pays to your cash value annually which supercharges the growth. The principal $0.30 that purchased the death benefit is returned back between years 7-10. Think of this as investing $0.30 on each dollar immediately and earning 5-8% on it annually.

The life insurance policy I use meets all of our criteria in addition to a few extras! These policies are also structured to be tax free and can be leveraged against so that your funds can be growing at 3 places at the same time! Now you can see why I recommend this policy so highly for your Sacred Account!

If you’d like to learn more about setting about your sacred account with me, click here. We can look at your formula for wealth and based on your wealth building goals and your targets, determine how much must be saved each month!

Own Your Potential,

Jerry Fetta

Jerry Fetta helps his clients make money, keep it, and multiply it.

He believes everyone should own their potential. He believes 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.

His clients see a 30% increase in income, a guaranteed increase in savings rate, and 8-12% fixed annual returns on their assets in the 1st 90 days of working with him.

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

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