Suze Orman and Dave Ramsey: Let’s debate!
March 14, 2009 by Pamela Yellen · 69 Comments
Are you wondering why you haven’t heard about Bank On Yourself before? Or why – if it’s so good – everybody isn’t already doing it?
Here’s why…
S&P 500 loses 25% over the 10 years from 1/1/00 - 12/31/09 (and inflation took another 29% bite)
If you browse the personal finance section of any bookstore, turn on the TV or open a magazine on finance, you’ll discover that 99 out of 100 financial “gurus” will insist that whole life insurance is a lousy place to put your money. Most will recommend you buy term life insurance instead and invest the difference in mutual funds.
That’s in spite of the fact that, had you invested in an S&P 500 index fund for the past decade, your nest-egg would have been shredded by almost 25%. And that doesn’t even factor in 29% inflation during this period!
But I’m getting a little ahead of myself. Part of the problem is these financial experts know nothing about the specially designed type of dividend-paying whole life policy used for the Bank On Yourself method…
Read more
Stock Market Investors: Are Ya feelin’ lucky?
March 3, 2009 by Pamela Yellen · Leave a Comment
The major stock market indexes have fallen to levels not seen for 12 years – since 1997.
Of course, inflation during that period has reduced the value of your dollars by at least 36%.
The reality is that most Americans have been digging themselves deeper into a financial hole every year, with no way of knowing how long it will take to crawl out.
Bank on Yourself is on Facebook!
Do you like Bank on Yourself? Join us on Facebook by clicking on the like button below and anytime you're on Facebook, make sure to stop by the wall page.