The superwealthy in America have been using the insurance industry as their own personal piggy bank since the start of the industrial revolution. When you do it right, you can use this same practice to protect your money all the way until retirement.
This is more than just a garbage insurance strategy. This is about investing your money in a way that the fat cats on Wall Street don't like. It's low risk, high reward.
You can use cash-value insurance to stockpile wealth and prepare for a rainy day without paying taxes.
©2016 Rob Lewis (P)2016 Rob Lewis
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I have read a lot of financial books this year and this one is definitely one of the worst. All that they talked about the entire time was their 7702 plan and how you need to go to their website to get it setup. There was absolutely zero DIY information in case you are interested in managing your own assets.
In the beginning they try to scare you and tell you how terrible the stock market is. They go on and on about downside. Downside is extremely important, but this book makes it sound like the only option is to go to their website and sign up with one of their advisers.
I really wish that I could get my money back on this one.
Don't waste your time!
"All he does is sell you on his business"
First of all, the book is incredibly short. It's only 3 hrs on Audible, and I'm not joking - probably 25%-33% of the time he is "selling you" on using his business to set this up for yourself. They give you the website 3 or 4 times, and they mention the safe money associates probably no less than 20 times. The permanent life insurance is a good thing to invest in, but this book was a little annoying to get through
"It's an infomercial that you pay to listen to."
I'm up to chapter 7 out of 16. I still have no idea what the book is about. Seems like a 1-minute sales pitch pretending to be a book.
Loud British infomercial announcer - check
Famous quotes -check
Out of nowhere personal stories designed for you to connect to that have nothing to do with the book's topic - check
Scare tactics as part of the sales pitch - check
Yep, it's an infomercial. It is the most painful audio book I have ever listened to. It needs to be removed from audible. Very disappointed with audible on this one. It has no right being in their library.
"Content is legit, just get past the underlying advertisement"
I have read "listened" to a couple books on the subject and they are pretty much the same. This one was read well, just had to get past the fact the author is trying to educate and advertise his firm. Whether you read/listen to this one or another the subject material is really valuable. I also wish there were more charts and examples of plans other than just regurgitating the same old recognizable names that used this plan as part of their financial management through tough times or to get their businesses started.
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