Bank On Yourself: A financial plan you can count on
December 11, 2009 by Pamela Yellen · 18 Comments
Oh what a roller-coaster year this has been! Our entire financial system and economy almost fell off a cliff.
And while there are some hopeful signs of new life in the economy, this year has also brought us:
- Massive bailouts
- A tripling of an already-bloated federal deficit
- A falling dollar
- Rising foreclosures (and likely to spike as billions of dollars in ARM’s are now coming up for adjustment)
- Major banks and investment houses taking on three times (!) the risk they were before the collapse
So what do you think next year has in store for us?
No one really knows for sure. (Well, except maybe the folks at the Psychic Hotline.) So how do you prepare for a very uncertain future?
Here’s a quick quiz that may reveal an answer for you…
What’s the one financial asset that increased in value during the market crash of 2008? And in 1929? And in every period of economic boom and bust in between?
Answer: The product used for Bank On Yourself: Cash-value life insurance.
As I’ve mentioned, my husband Larry and I now have 18 Bank On Yourself policies. I’ve picked one of them to show you how a dividend-paying whole life policy like this can grow over time – even when the markets are plummeting. It’s a great example of how Bank On Yourself gives you the peace of mind that lets you sleep at night.
Here’s how much this plan has grown each year since the beginning of 2000, a period that includes not one, but TWO devastating market crashes. In four of these years, the S&P 500 was down for the year, as you can see in this side-by-side comparison:
If you had put $10,000 into an S&P 500 Index fund at the beginning of 2000, how much do you think it would be worth today?
Take a guess before you read on.
Bank On Yourself success story video
December 2, 2009 by Pamela Yellen · 9 Comments
In my best-selling book on Bank On Yourself, a number of folks shared the personal and intimate details of how they’ve been using Bank On Yourself to reach a variety of short-term and long-term personal and financial goals and dreams.
Perhaps one of the most inspiring stories was shared by Greg and Christy Gammon. Since I interviewed them, their lives have taken some interesting twists and turns, and their Bank On Yourself policies have come to the rescue in surprising ways.
This short video update, filmed during my national book tour, reveals the details. Just click the play button below…
There's no obligation on your part
No two Bank On Yourself plans (policies) are alike. Each is custom-tailored, so yours would be uniquely suited to your goals and dreams. It’s easy to find out what your bottom-line numbers and results could be. Simply request your free Analysis here… and take the first step towards taking back control of your financial future. Why not do it now, while it’s fresh on your mind?
Six Frequently Asked Questions about Bank On Yourself
November 13, 2009 by Pamela Yellen · 6 Comments
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?
Videos reveal how Bank On Yourself turns dreams into reality
November 5, 2009 by Pamela Yellen · Leave a Comment
I think you’ll find the two short videos I’ve posted here of special interest, if you’ve been wondering how you’re going to reach your financial goals in today’s challenging environment.
The first video (filmed during my national book tour) reveals how the Corey Family is using Bank On Yourself to accomplish a number of goals and dreams, including:
- Funding their kids’ college educations without going broke
- Getting back their real estate taxes… and the cost of custom-made furniture they bought for their home
- Being on track to a six-figure-a-year retirement income they can predict and count on
Just click the play button below to find out how the Corey’s are doing all this…
Please enable Javascript and Flash to view this Viddler video.No two Bank On Yourself plans (policies) are alike. Each is custom-tailored, so yours would be uniquely suited to your goals and dreams. It’s easy to find out what your bottom-line numbers and results could be. Simply request your free Analysis here… and take the first step towards taking back control of your financial future. Why not do it now, while it’s fresh on your mind?
Now find out how the Bowsher Family used Bank On Yourself to help raise $100,000 for their church
Pamela Yellen interviewed on Sky Radio
October 22, 2009 by admin · Leave a Comment
Sky Radio recently did a 3-minute interview with Pamela Yellen on Bank On Yourself, and why it’s a more dependable, worry-free approach to saving for the future than conventional methods.
The interview will play on all audio-equipped flights on Virgin America and US Airways early next year, but you can listen to a sneak preview of it here.
Pamela Yellen and Bank On Yourself will also be featured in January in a video series on “The Innovators” that will be broadcast in prime time on the CNN Airport Network in 44 of the busiest U.S. airports.
We’ll post a preview of that video here as soon as it’s ready.
Enjoy! And please tell us what you think…
Smartest financial move ever made?
October 15, 2009 by Pamela Yellen · 1 Comment
Recently, a senior editor of the respected personal finance publication, Kiplinger, described the best financial move he’s ever made:
My wisest move was buying whole life insurance in the 1990s, precisely when countless books and articles mocked whole life as obsolete. My wife, Debbie, did the same. In the ten-plus years that we’ve paid $5,000 a year combined into our policies, both from extremely sound mutual-insurance companies, we’ve built substantial five-figure cash values, can borrow from them instantly at virtually no cost and haven’t paid a cent of tax on the earnings.”*
Like most people who have Bank On Yourself plans, Jeff’s only regret is probably that he didn’t put more into the policies!
It’s a virtual certainty that Jeff and Debbie’s policies are traditional dividend-paying whole life policies, rather than the specially-designed, super-charged variation used for the Bank On Yourself method.
Had Jeff and Debbie’s policies been designed the Bank On Yourself way, they’d have significantly more cash value now.
As the Dow moved through the 10,000 mark this week, a dose of reality is in order…
Read more
Bank On Yourself featured in Chicago Sun Times
October 8, 2009 by admin · 1 Comment
The Chicago Sun Times recently spotlighted Bank On Yourself in a special supplement on “Money Management: Your Educational Guide to Achieve Personal Financial Stability.”
Click here to read the article
Pamela Yellen was one of a panel of four experts profiled in the supplement.
The article about Bank On Yourself was titled, “A New Approach to Personal Financial Security.”
After reading the article, if you want more details about what Bank On Yourself is and how it works, you can get Pamela Yellen’s free Special Report here… or get Pamela’s best-selling Bank On Yourself book at a 35% discount here.
Think you have to risk your money to get big returns? Hogwash!
April 28, 2009 by Pamela Yellen · 1 Comment
According to a recent comment on this blog, I’m full of it. Apparently, the author thinks I 
pulled the following statement out of my butt: “The reality is that the typical mutual fund investor has actually been losing 1 percent per year over the last 20 years, after adjusting for inflation.”
The statistic comes from the respected research firm, Dalbar, Inc., in its 15th annual study of mutual fund investor behavior. The study measures the returns investors actually get, not the returns they wished they got.
According to Lou Harvey, the president of Dalbar, the study once again revealed that
“investor returns lag what performance reports and prospectuses would lead one to believe is achievable. While those returns are theoretically achievable, the reality is that investors are not rational, and make buy and sell decisions at the worst possible moments.”
Let me paint a picture of how this happens: Lets say you do what the author (who calls himself “David K.”) of the rather nasty blog comment suggests and buy “simple index funds” and hold them for twenty years.
What the financial gurus think they know about Bank On Yourself that just ain’t so
April 6, 2009 by Pamela Yellen · 15 Comments
One of my most influential mentors (Dan Kennedy) says,
If you don’t offend somebody by noon each day, you’re not doing much.”
So I want to thank Danny Snyder, whose post to this blog you’ll find below (exactly as he submitted it), for confirming that I am indeed doing something:
First of all using the words “money on steroids” immediatly puts you in the liar and non-trustworthy catagory. If you put in $5314.44 and your cash value is $2937.18 you need some ritilin, you are A.D.D. Dave Ramsey (who is in a catagory way above the likes of you and Suze Boreman) knows of what he speaks. Millions of people have changed their lives due to Dave’s advice. You need to tread very lighlty, if you want to succeed and prove yourself. Think… before you tear down people you do not know. I do actually Bank on Myself.
Your a scam!
Danny Snyder
On this website, I have stated that I agree with many of the basic principles taught by the financial “gurus” like Dave Ramsey and Suze Orman. And I know they have helped turn around the financial lives of many.
However, there are two critical areas we differ on…
Read more
Suze Orman and Dave Ramsey: Let’s debate!
March 14, 2009 by Pamela Yellen · 32 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…
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