Don’t Complicate Wealth Building With 3-Decade Retirement Plans
Dear Reader,
The finance industry has a plan for you.
It involves you working for 3 to 4 decades and paying them fees that compound for them – not you!
They want you to be the buyer of their products, IPOs, funds, and credit services.
Ideally, you’ll be in debt to your eyeballs with a big mortgage, a car that is purchased for 50% or more of your annual income, and a few credit cards.
Think of the mortgage interest deduction. It’s a total scam that’s hardwired into people’s brains that paying the banks a dollar of interest is somehow good for them, to the point that people actually think paying off a house is a bad thing and that it could hurt them on their taxes.
The math is so simple: keep the dollar and pay up to 35% in taxes on your income or give the dollar to the banks so that you might get to keep 30 cents, with the bank being the real beneficiary as the real owner of your house.
Taxes and the normalization of buying more than you can afford have greatly complicated people’s lives.
Governments, large corporations, and Wall Street have done an excellent job of creating a population that can’t stop working… The carrot, of course, is that one day, after going through the gauntlet of fees, taxes, interest payments, and other schemes, you’ll be able to retire comfortably in your 60s.
How we got here is a long story, but the truth is it doesn’t have to be this complicating at all.
93% Of Investors Generate Annual Returns, Which Barely Beat Inflation.
Wealth Education and Investment Principles Are Hidden From Public Database On Purpose!
Build The Knowledge Base To Set Yourself Up For A Wealthy Retirement and Leverage The Relationships We Are Forming With Proven Small-Cap Management Teams To Hit Grand-Slams!
Here are some easy steps to becoming financially free and having the option to retire early if that’s what you want to do.
1. No borrowing money. If you’re already in debt, that’s okay. You can work to pay off the debt, or even better, consider defaulting and renegotiating. Be advised that this will absolutely have tax consequences, and you should consult with your CPA before attacking debt with a default and negotiate strategy.
No more borrowing simply means you only purchase what you can afford. I know, it sounds so easy, and it really is, but you’ll have to completely reject keeping up with the Joneses and your average slave lifestyle.
2. Only invest for cash flow, and ideally avoid Wall Street’s schemes, like the 401(k), IRA, and other investment vehicles that penalize you for using your own money whenever you want.
I personally own micro-cap stocks for speculation and a handful of blue-chip stocks for income, but for the most part, I avoid the stock market for income.
Private REITs, lending, whole-life policies, and single-family homes are where I prefer my income to come from.
Here is a list of websites that can help you.
FundRise.com, RichUncles.com, RealtyMogul.com, LendingClub.com, andPeerStreet.com.
I also think everyone should take the time to learn the strategies of the rich aParadigmLife.net (my personal agent is Jennie Steed).
For single-family houses, next Sunday, I’ll go over in detail how I’ve purchased over twenty properties without ever using a bank or filling out a loan application. And no, I’m not paying cash.
3. Cut your expenses dramatically while in the asset accumulation phase of your life.
Keep your monthly burn rate super low. This may require you to move, get rid of expensive pets, and you may even have to start cooking at home on the weekends.
The reason you want low expenses is because in order to retire early or become financially independent, meaning you can quit whatever it is you do whenever you want, if that’s your desire, you have to have your passive income be higher than your monthly expenses.
The simplicity of becoming financially independent.
When you start to receive profit from dividends, rental income, and cash flow from private funds, I strongly recommend you spend it or reallocate it to whichever income-producing investment is a good buy.
Conventional retirement planning will tell you to always reinvest and allow the power of compounding to take over.
I’m not completely against this, I just think you should be taking the cash and reallocating it to where you see best.
For example, why would I want dividends to pay me and then buy more overvalued stocks on the S&P 500?
Instead, take the cash and allocate it to more real estate, crowd lending, or a monthly household bill.
Retirement planning takes perfectly good money and locks it away for decades, and let’s be honest, most of those funds are in speculative things, like stocks.
The alternative is investing like the wealthy, investing for cash flow.
When you’re young and building up your passive income, I think it’s very healthy to have all of your cash flow deposited into your account to either reinvest or spend.
It’s important to get into the practice of receiving your extra income and taking ownership of it.
In my opinion, retirement planning is a misallocation of your time, energy, and capital.
By focusing on building up multiple streams of income and keeping your expenses at a sustainable level with no borrowing, you can live the retired lifestyle at a very early age.
Best Regards,
Daniel Ameduri
President, FutureMoneyTrends.com
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!
Legal Notice: This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
