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.
I often get asked by subscribers if they should sell some of their investments and put those funds in a Bank On Yourself plan.
Of course, everyone’s situation is different, and I can’t make that call for you.
How are folks who use Bank On Yourself faring today, during the greatest destruction of household wealth in history?
I just heard from the Wilder family, who told me how they “stayed sane” during the market crash:
We have had Bank On Yourself plans for about three and a half years. They were what kept us sane during the stock market crash of 2008. Everything that was not in Bank On Yourself policies lost 32%,
but all of our Bank On Yourself policies grew. Our goal with it is to be free of all interest payments to lenders and to secure a retirement income stream we can count on. We have used the plans to purchase a new car and pay off our mortgage. It’s a pleasure to know our car cannot be repossessed and our home cannot be foreclosed on.”
Find out how people of all ages, incomes and backgrounds have taken back control of their financial future in my New York Times, Wall Street Journal, USA Today and Business Week best-selling book, Bank On Yourself:Â The Life-Changing Secret to Growing and Protecting Your Financial Future
