Money School Podcast How to Take Back Control of Your Money
As the Baby Boomers begin to retire, we're experiencing the largest transfer of wealth in modern history. In the midst of both the stock market and main street's decline, we're also on the verge of an overall financial crisis. There has never been a better time to stop believing the lies we've been taught about money.
The advice we've been given by our financial advisors, like being 'in it for the long haul' and 'paper losses' simply aren't relevant anymore. How can we take back real control over our money?
To regain control of our hard-earned Dollars, we have to become rebel bankers and follow the secrets of the wealthy.
In this episode, I discuss how to take charge of your money and make it work for you in today's uncertain times.
Three Things You'll Learn In This Episode
- Having a self-directed IRA in times like these gives us the freedom to use our money the way we want to. We could choose to invest in start-ups that could bring us massive returns - like the next Uber.
- Real estate is always a good place to invest - as long as we have insurance, it's the only asset that can never go to zero.
- A specially-designed Whole Life Policy is the Swiss Army Knife of accounts. This is the vehicle the wealthy use to fund a tax-free retirement.