Tax Qualified Retirement Plans, etc.
By R. Nelson Nash August 1, 2009
Back in 2000 I wrote Becoming Your Own Banker – The Infinite Banking Concept and in it I briefly addressed the subject of retirement plans and specifically Tax Qualified Retirement Plans. Since that time it has become more apparent to me that this idea needs to be addressed more fully. Americans have become increasingly dependent on an idea that is defective and won’t work Basically, it is a Socialist idea and history has proved conclusively that Socialism won’t work. More »
Categories: 401(k), 401(k) Falls Short, 401(k) Hidden Fees, Avoid Qualified Plans, Avoid Tax Qualified Plans, RETIREMENT, Unintended Consequences, Whole Life vs Social Security
Video Interview for TIME MAGAZINE with Robert Kiyosaki
Rich Dad Poor Dad
Click here to view video
Robert — “I don’t need a retirement plan because all of my assets produce income.”
Time Magazine Interviewer — “Are there some people who should play it safe, do the traditional route and just pick up a house, pay the mortgage?”
Robert — “That’s probably the most dangerous thing you can do.”
The middle class, which is disappearing, are the ones who are paying the taxes.
Robert Kiyosaki’s Poor Dad’s attitude was, “I have a PhD, the government will take care of me, save your money.…. But as you are saving your money the Federal Reserve is printing trillions of dollars. How stupid can you be? Invest your money for the long term in a well diversified portfolio of mutual funds. Send it straight to Wall Street so that they can pay their brokers 10 million dollar a year bonuses. How stupid does a person have to be? — wake up.”
Categories: 4 Things Keeping 90% Poor, 4 Things That Make You Poor, Kiyosaki - Conspiracy of the Rich, Kiyosaki on Retirement Plans, TIME magazine, VIDEOS
Multi Task Your Money by Understanding Core Banking Principals
and Tier One Assets
It seems to me that what we are constantly being taught to do with our money is exactly what is best for the financial institutions. They have their profits in the forefront of their advice to their customers. You and only you have your own best interest at heart and so it is imperative for you to make the effort to understand banking principals and concepts so you can do what the banks do, not what they tell you to do. We seem to be constantly advised to put our money here and put our money there which is dividing up our money and having it perform one action/advantage at a time. We are taught to UNI-TASK our money and are sold multiple products to service this theory instead of solutions.
Look at the following financial vehicles with two questions in your mind — Who has the most use and control of my money and how liquid is my money to me in this vehicle?
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