Fire Your Banker Video Contest Results

August 10, 2012 by 3 Comments

Wow! We received more than 150 terrific entries when we invited readers to tell us what you think about our unusual new video on “How to Fire Your Banker and Become Your Own Source of Financing”.

Prizes-neon

We want to thank everyone who took the time to give us such detailed and honest feedback, which is exactly what we need to be able to communicate the benefits of Bank On Yourself more effectively.

Five people on the Bank On Yourself team – myself included – poured through every single response, not just to pick the contest winners, but to also learn what questions and concerns you have about the Bank On Yourself concept.

At $1,000 per finished minute to film this kind of video, I was really glad no one said what they liked most about it was when it ended! Most people really liked the unusual video style and felt that it helped them better understand one of the most intriguing advantages of the Bank On Yourself method: How it lets you bypass banks, credit cards and finance companies and become your own source of financing.

If you haven’t watched the video yet, I encourage you to do that now…

 

There were many terrific insights and questions in the contest entries. It was tough to pick just five winning entries (we actually picked six), but you’ll find the winners listed below.

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Filed Under: 401(k) withdrawal rules, best way to invest money, Contest, Retirement Plan Alternative, Stock Market Investing, stock market timeline, Tax Advantages of Bank on Yourself, Video Casts Tagged With: , , , , , ,

Video: How to fire your banker!

August 1, 2012 by 164 Comments

We’re always looking for entertaining, easy-to-understand ways to explain key concepts of the Bank On Yourself method.  So we just completed a new – and very unusual – video that explains one of the most powerful features of Bank On Yourself – how it lets you bypass banks, finance and credit card companies altogether and become your own source of financing.

This video also addresses how purchasing things like cars, vacations, business equipment, or a college education through a Bank On Yourself plan beats financing, leasing and even directly paying cash for them.

Click the play button on the video below, then scroll down to the comments box and give us your feedback…

HOW MUCH MONEY COULD YOU HAVE BY BECOMING YOUR OWN FINANCING SOURCE?

To find out how much more money you could have when you fire your banker and become your own financing source, request a FREE, no-obligation  Analysis.

We’d really love to get your feedback on this new video and video “style”.  (You’ve probably never seen a video like this before.)

Here are questions we’d love to get your feedback on in the comments box below…

1. Do you currently use Bank On Yourself?

2. What was the best part of the video?

3. What is still unclear about the Bank On Yourself concept?

4. What topics could we address that you think would give people more confidence to consider Bank On Yourself?

5. If you do not currently use Bank On Yourself, did this video make you more likely or less likely to request a free Analysis and get a referral to one of the Bank On Yourself Authorized Advisors?

6. If you are currently using Bank On Yourself, do you feel that this type of video is something you could share with family, friends and colleagues to help them understand this method of managing your finances? Why or why not?

7. Is there any other feedback you’d like to give us?

Filed Under: 401(k) withdrawal rules, best way to invest money, Retirement Plan Alternative, Stock Market Investing, stock market timeline, Tax Advantages of Bank on Yourself, Video Casts Tagged With: , , , , , ,

They’re lying to you, again..

June 22, 2012 by 4 Comments

A widely publicized new report from the Federal Reserve shows Americans’ wealth plunged by nearly 40% between 2007 and 2010, due to the collapse in home values and the stock market.

There’s one big problem with the Report, which reveals that the net worth of U.S.families has been reduced to a level not seen since 1992 – it’s one of the biggest lies ever perpetrated on the American public!

Here’s why: You can’t eat a number on paper!

Those statistics about how much Americans’ wealth had ballooned prior to the financial crash were pure fiction. Unless and until you sell your assets and (hopefully) lock in your gains, you have nothing more than a bunch of eye-popping numbers on paper that have lured most Americans into believing they have real wealth and financial security, when they do not.

At least that’s the case for Americans who save and invest the way the conventional wisdom tells us to. But it’s not true for people who use the Bank On Yourself method.
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Filed Under: Bank On Yourself Policy Statement, best way to invest money, Retirement Plan Alternative, Stock Market Investing, Tax Advantages of Bank on Yourself Tagged With: , , , , , ,

Best retirement plan alternative?

February 10, 2012 by 6 Comments

I can’t afford to be a risk taker any more”

Worried Senior
…says 75-year-old Margie Alford of Austin, Texas.  Yet, Margie’s financial planner is moving her CD money into stocks instead, after fruitlessly waiting for three years for interest rates to rise.

Low interest rates of the past several years have taken a toll on U.S. savers.  “The Fed has removed the last shred of possibility that interest rates will revert to normal in the near future,” according to Christopher Carroll, profession at Johns Hopkins University.1

As a result, retirees are taking on more risk… at a time they can least afford to.

With interest rates on CD’s, saving and money market accounts not even keeping up with inflation, what other options do you have?

The Bank On Yourself solution…

[Read more...]

Filed Under: 401(k) withdrawal rules, best way to invest money, Retirement Plan Alternative, Stock Market Investing, stock market timeline, Tax Advantages of Bank on Yourself Tagged With: , , , , , , , , , , , ,

The Ultimate Wealth-Building and Retirement Strategy… Whether the Market Goes Up, Down or Sideways

January 19, 2012 by 6 Comments

Have you been disappointed by your 401(k), IRA or other retirement plan?  Conventional wisdom tells us these plans are the best way to save and invest for retirement. Yet following this advice has resulted in financial insecurity for most Americans.

Because of this, most baby boomers have been forced to postpone retirement an average of five years.1

I’m often asked how using the Bank On Yourself method to save for retirement compares to traditional plans, so I put together this short video that reveals seven reasons Bank On Yourself makes an excellent retirement plan alternative.

Click the play button in the video below and see how many of these seven advantages you’d like to have in your financial plan…

The Ultimate Wealth-Building and Retirement Strategy… Whether the Market Goes Up, Down or Sideways

Would you like to find out how big your nest-egg could grow – guaranteed – if you added Bank On Yourself to your financial plan? No two plans are alike – yours would be custom-tailored to your unique situation, goals and dreams. To find out what your bottom-line numbers would be, request a FREE, no-obligation Analysis today.

If you’re wondering where you’ll find the money to fund your plan, keep in mind the Bank On Yourself Authorized Advisors are masters at helping people restructure their finances to free up money to fund a plan. Here are the eight most common places they look.

When you request your FREE Analysis, you’ll get a referral to one of only 200 advisors who have met the rigorous training and requirements to be a Bank On Yourself Authorized Advisor. They’ll show you why Bank On Yourself is the ultimate wealth-building and retirement strategy… whether the market goes up, down or sideways.

1.  Bankers Life and Casualty Center for a Secure Retirement, May 2011
Filed Under: 401(k) withdrawal rules, best way to invest money, Podcasts, Retirement Plan Alternative, Stock Market Investing, stock market timeline, Tax Advantages of Bank on Yourself, Term vs Whole Life Insurance, Video Casts Tagged With: , , , , , , ,

Compare your Fear Factors choices to the rest of America

October 25, 2011 by Leave a Comment

Financial Pumpkin With more than 500 responses in so far to The Bank On Yourself Fear Factors Challenge, you may be interested in knowing how your choices compare to the rest of America.

Here is how the responses to each of our 10 survey questions have broken down.  The percentages reveal which option our survey-takers find more scary!

You’ll see that snakes, blood, public nudity, eating fire-hot peppers, and even close proximity to a psychotic killer caused far fewer trembles than did the terrifying prospect of winding up in a serious financial jam.

Here’s what Americans find most scary…

1. Which of the following is more frightful to you?

  • 22.2% – Death
  • 78% – Outliving Your Money

    Question 1

2. Which of the following is more frightful to you?

  • 28.6% – Having all of your investment decisions — good and bad — published in your local newspaper
  • 71.4% – Walking naked down a fashion runway while being photographed

Question 2

3. Which of the following is more frightful to you?

  • 17.5% – Having to remain awake for 48 uninterrupted hours
  • 82.5% – Having to memorize all the fine print on your 401(k) plan in no more than 48 hours

Question 3

4. Which of the following is more frightful to you?

  • 64.3% – Watching your stock portfolio lose 40% of its value in only a few weeks
  • 36.4% – Ingesting 40 habanero peppers within 24 hours

Question 4

The ultimate financial security blanket

Did you know that the Bank On Yourself wealth-building method has NEVER had a losing year? Used by Walt Disney and J.C. Penney, it has stood the test of time for more than 160 years.

To find out how you can grow your nest-egg safely and predictably, even when stocks real estate and other investments tumble… and how much money you could have – GUARANTEED – on the day you plan to retire, request your FREE no-obligation Analysis and Recommendations now.

5. Which of the following is more frightful to you?

  • 58.8% – Sitting for 30 minutes in a tub of live snakes
  • 41.7% – Explaining to your family or other loved ones that you’ve lost your home to foreclosure

Question 5

6. Which of the following is more frightful to you?

  • 49.2% – Having to pick the one mutual fund (among hundreds) that will outperform all others during the year
  • 52.1% – Bobbing for a 10 oz gold bar in a vat containing 50 gallons of cow’s blood

Question 6

7. Which of the following is more frightful to you?

  • 9.4% – Going on twelve once-a-month blind dates with a randomly selected bachelor or bachelorette
  • 91% – Entrusting your retirement portfolio to an anonymous fund administrator, who may or may not have any special education or training

Question 7

Editors Note: Although 9 out of 10 Americans fear entrusting their retirement to an incompetent administrator, millions of Americans may unknowingly be doing exactly that right now! Read our shocking exposé and learn the facts!

8. Which of the following is more frightful to you?

  • 64% – Having my personal tax returns audited by the IRS
  • 37.3% -Walking around for a week wearing pants with pockets overflowing with live worms

Question 8

9. Which of the following is more frightful to you?

  • 31.7% – Be strapped atop a vintage stunt plane while it performs a typical aerobatics routine
  • 70.% – Be tied to the Social Security program as your sole source of retirement income

Question 9

10. Which of the following is more frightful to you?

  • 66.1% – Losing my job and having to live only off of my current savings for a year
  • 34.6% -Renting an extended-stay room in the Bates Motel and sharing a shower with Anthony Perkins

Question 10

Were you surprised by any of your responses?

These results are a sad commentary on the financial condition and current state of mind of so many of our family members, friends, neighbors and colleagues.

The definition of insanity is doing the same things in the same way and hoping for different results.  So, if you’re ready to find a better way to save and invest for your financial future that gives you peace of mind and lifetime financial security, check out the Bank On Yourself method.

To find out how much brighter your financial picture could be if you added Bank On Yourself to your financial plan, request your free, no-obligation Analysis now, while it’s fresh on your mind!

Filed Under: best way to invest money, Retirement Plan Alternative, Stock Market Investing, stock market timeline Tagged With: , , , ,

Bank On Yourself Money Alert!

August 12, 2011 by 3 Comments

Teleconference replay reveals the steps you must take immediately to protect yourself from Wall Street’s bloodbath

I just held an urgent Teleconference on what you should do right now to protect your family’s financial security.

A number of people told us they weren’t able to attend and asked if it was recorded so they – and the people they care about – could still listen to it.

You can listen to a replay of it below, or you can download the recording as an MP3 and listen to it on your own player or iPod now at:

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

I urge you to shut the door and put out a “do not disturb” sign while you listen to this critically important information which includes answers to timely questions such as:

  • Should you stay in the market despite the turbulence and wait for the market to rebound?
  • Is now the time to shift into gold?
  • Where else can you find shelter from the storm?
  • What can we do to encourage Washington to get its act together?

Find out what you need to do right now to protect your hard-earned savings and take back control of your financial future here:

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Are you ready to do something different?

And if you’re ready to find out how the Bank On Yourself method can give you the financial security and predictability you want and deserve, take the first step right now by requesting a free Bank On Yourself Analysis.

You’ll also get a referral to one of only 200 advisors in the country who have met the rigorous requirements to be a Bank On Yourself Authorized Advisor, who can answer your questions and show you how much your financial picture could improve when you add Bank On Yourself to your financial plan.

Nobody is going to twist your arm, and you won’t even be asked to buy anything at your first meeting with your Authorized Advisor.

But at least you’ll know whether Bank On Yourself makes sense for you and your family.  So please request your free Analysis today.

 

Filed Under: Bank On Yourself Nation, best way to invest money, News, Podcasts, Retirement Plan Alternative, Stock Market Investing, stock market timeline Tagged With: , , , , ,

How Everyone Can Love Paying Bills and Taxes: No, We’re Not Crazy!

May 27, 2011 by 12 Comments

A core tenet of the Bank on Yourself Nation is that money should always bring pleasure or satisfaction, never regret or guilt.overwhelmed by bills

For so many people, that principle seems unrealistic, especially considering how very hard it is most months just to stay afloat – paying for necessities such as groceries, medicines, utilities, transportation, insurance and the like.  Oh yes, let’s not forget the always hungry tax monster!

Seems to so many of us that our paychecks are swallowed whole by our obligations before we ever get the chance to even sample the flavor of having some accumulated cash in our pockets and bank accounts.

To which we can only respond… how wonderful!

Wonderful? Really? Paying Bills! And Taxes?”

Absolutely.

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Top 16 Investing and Savings Myths

April 7, 2011 by Leave a Comment

All the statements listed below are common financial myths.  Accepting any of them as fact could lead to costly financial missteps…

See how many of these common beliefs you already recognize as flawed and which ones you have yet to unmask.

Unmasked Myths

As you may discover, what we’ve been taught by mainstream money experts and well-intentioned friends and family isn’t always accurate.

The Myths:

  1. Over time, the stock market has consistently proven the best and most reliable investment vehicle for the vast majority of Americans
  2. Investors need to accept risk and volatility in order to generate meaningful profits
  3. Home ownership and appreciation is a reliable vehicle for protecting and growing your wealth
  4. 401(k)s make effective investment vehicles, if only because your employer matches your own contributions
  5. Your 401(k) plan administrator must be a licensed, professionally trained and carefully screened financial expert
  6. The fees you pay for your IRA, 401(k) and other retirement funds have only a trivial impact on your ultimate returns
  7. You will not require as much income when you retire as you need now, especially since you’ll qualify for a lower tax bracket
  8. It is never possible to know with any certainty the value of your retirement account at intervals down the road, because market fluctuations are unpredictable
  9. Wise retirement planners recommend you aim to make your retirement income last to age of the average American life expectancy, currently 77.9 years
  10. Always defer taxes as far into the future as possible, especially when you wish to accumulate a larger retirement nest egg
  11. People of modest income can’t possibly set aside $1 million or more for their retirement
  12. Before you can begin saving for the future, first you have to dig your way out of debt
  13. Paying cash is the ideal method of purchasing big-ticket items, such as cars and vacations
  14. Effective savings and investing strategies are too complex for amateurs.  Only professionally trained money managers consistently succeed
  15. If you follow the advice of mainstream financial experts and don’t stray, your nest egg will be safe and grow large over time
  16. To receive quality, personalized attention from highly trained financial advisors, you have to already be wealthy, or close to it

©2011 Hayward-Yellen 100 Ltd Partnership

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Retiring Boomers' Savings Fall Far Short

February 23, 2011 by 2 Comments

“The 401k generation is beginning to retire, and it isn’t a pretty sight.”

That’s the conclusion of a recent Wall Street Journal study.1 But the most shocking revelation is just how big the gap is between how much retirement income people will need to maintain their standard of living… and how much they’ve actually saved:

Many have less than one-quarter of what they’ll need

And how are they dealing with this challenge?

Facing shortfalls, many are postponing retirement, moving to cheaper housing, buying less-expensive food, cutting back on travel, taking bigger risks with their investments and making other sacrifices they never imagined.” 1

Sad Baby BoomerLike Carol Dailey, who is continuing to work at age 71 because her 401(k) took a hit in the 2008 market crash.  She also cut back spending for entertainment and food, and is substituting boxed wine for the ones she used to enjoy from her favorite vineyards.

Her financial advisor is planning to help her be able to retire by shifting her assets into riskier investments that can “return 10% a year.”

Hmmm… I wonder if that’s the same financial advisor who advised her on where to invest her money prior to the 2008 market plunge?

If people could take more risk, and do it successfully, why haven’t they been doing that all along?

Isn’t that the classic definition of insanity?

How much more evidence do we need to know that 401(k)’s and “doing all the right things we were told to do financially” aren’t working?

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Filed Under: 401(k) withdrawal rules, best way to invest money, Media Coverage, Retirement Plan Alternative, Stock Market Investing Tagged With: , , , , , , , ,
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