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Six Frequently Asked Questions about Bank On Yourself

November 13, 2009 by Pamela Yellen 

I thought you might find it helpful to have the answers to the six questions about Bank On Yourself we’re most often asked – right at your fingertips.

How many of these questions have you been wondering about?

FAQ #1: How does Bank On Yourself compare with traditional investing and savings strategies?

You can compare the Bank On Yourself method to traditional investments here, including stocks and mutual funds, a 401(k), a ROTH plan, real estate, gold, commodities and several other investments.

If there’s a different financial product or strategy that you think can match or beat the Bank On Yourself method, I encourage you to take the $100,000 Challenge.   If you’re right, you could pick up an easy $100K!

FAQ #2:  How does Bank On Yourself let you recapture every penny you pay for major purchases like cars, vacations, business equipment or a college education?

I’ve summarized this in a short video overview of how Bank On Yourself works.

However, for a more detailed explanation, you’ll want to review Chapters 2, 6, and pages 52-54 of my best-selling book, Bank On Yourself. If you don’t have the book, we offer a 35% discount on it.

FAQ #3: I’ve heard people like Dave Ramsey and Suze Orman say whole life insurance is a lousy place to put your money.  Is a Bank On Yourself-type policy different from the kind they’re talking about?

This is one of my favorite questions!  Why?  Because it’s so darn easy to PROVE that this type of dividend-paying whole life policy is a totally different “animal,” and that most financial advisors and “gurus” don’t even know the first thing about it!

Don’t take my word for it!  You can see proof of how a Bank On Yourself policy is different here.

FAQ #4:  How much does it cost to start a Bank On Yourself policy?  Is there a minimum amount I have to start with?  Is there a maximum amount I can put in?

There is no cost for a Bank On Yourself Analysis that will show you all the bottom-line results you could get with Bank On Yourself.

Should you then choose to start a Bank On Yourself policy, the Bank On Yourself Authorized Advisors do not charge fees to design and implement your plan.  They receive a commission from the insurance company, which has already been taken into account in the bottom-line numbers you’ll see.

Much like buying a TV or a couch, the costs of manufacturing and sales are already included in the price, or in the premium, in the case of a Bank On Yourself policy.

These Advisors also take a 50-70% pay cut when they design your policy this way.  You can learn more about the specialized training the Bank On Yourself Authorized Advisors receive, and why they take such a big pay cut.

However, Bank On Yourself is not a one-size-fits-all plan.  There’s no pre-set amount a person would put into a plan, because the policy would be customized to YOUR unique situation, goals and dreams.

If you’d like to see how a custom-tailored program could improve your financial picture, it’s easy to find out when you take advantage of a free, no-obligation Bank On Yourself Analysis here.

You can start at whatever level is comfortable for you.  The upper limit is determined by your income and assets.

FAQ #5: I don’t have a single dime left over at the end of the month.  Where do I find the funds to start a Bank On Yourself plan?

Bank On Yourself Authorized Advisors are masters at helping people restructure their finances to free up seed money to fund a plan designed to help you reach as many of your short-term and long-term goals as possible – and as quickly as possible.  Sometimes this can be done without impacting your lifestyle at all. Here are eight of the most common ways to find the money to Bank On Yourself.

FAQ #6: How do I know if Bank On Yourself will work for me?  And how do I get started?

Bank On Yourself is not a magic pill.  It takes a little patience and discipline.  But if you have those traits, it pays a lifetime of benefits.

To find out what your bottom-line numbers and results could be (free and without obligation), just click this button:

You can also learn more about the step-by-step process involved once you’ve requested your free Analysis.

If you take the first step now, you could start to Bank On Yourself in as little as 60 days!

I hope this helps!  If you still have a question or concern that hasn’t been answered, let us know below.

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