Personal Finance Blog for Retirement and Investment Advice

Bank On Yourself success story video

December 2nd, 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…

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?
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Six Frequently Asked Questions about Bank On Yourself

November 13th, 2009 by Pamela Yellen | 14 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 5th, 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…

Now find out how the Bowsher Family used Bank On Yourself to help raise $100,000 for their church

7 Really Scary Facts about Your 401(k)

October 29th, 2009 by Pamela Yellen | 17 Comments

Before you put another penny in a 401(k), find out what the government and your employer aren’t telling you that will scare the living daylights out of you! Here are seven frightening facts you should know about 401(k)s…

Frightening 401(k) Fact #1:

Your employer can – and probably is – making risky decisions on how to invest your money for you – without your knowledge or approval.

Watch Pamela Yellen being interviewed about the problems with 401(k)s on the #1 TV station in Los Angeles

Watch Pamela Yellen being interviewed about the problems with 401(k)s on the #1 TV station in Los Angeles

Many employers are now automatically directing more of your pay into your 401(k)… and automatically moving it into more risky investments – even if you had previously chosen your own investments!

And most of that money is being re-directed into “target-date” funds, which lost so much money during the last market crash, it sparked scrutiny from lawmakers and regulators. Many funds for people who pinned their hopes on retiring in one year had losses far exceeding 20%, and some funds suffered losses of 32 to 41 percent, according to Morningstar.

Shockingly, stock allocations among those funds were found to be 26%-72% of assets!

Not to mention that the fees charged by target-date funds are “significantly higher than those charged by other funds on plans’ investment menus”.

(Source: “Companies take reins of workers’ 401k’s”, MoneyCentral.msn.com, October 10, 2009)

The growth in a Bank on Yourself policy is both guaranteed and exponential. You can predict the minimum guaranteed value of the plan on the day you want to tap into it, and every point along the way.

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Frightening 401(k) Fact #2:

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The important decisions about your 401(k) are made by someone with no training or education in most companies.

Pamela Yellen interviewed on Sky Radio

October 22nd, 2009 by Pamela Yellen | 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 15th, 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.”¹

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…] “Smartest financial move ever made?”

Bank On Yourself featured in Chicago Sun Times

October 8th, 2009 by Pamela Yellen | 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.

Video Overview: Bank On Yourself in a Nutshell

October 2nd, 2009 by Pamela Yellen | 159 Comments

We just completed a short, fast-paced video explaining what Bank On Yourself is and how it works, that I think you’ll find very helpful.

Click on the play button to discover…

How Bank On Yourself grows your savings both predictably and guaranteed… even when stocks, real estate and other investments tumble
How it can beat the pants off your best saving or investing method
How the kind of policy used for Bank On Yourself is different from the ones Suze Orman, Dave Ramsey and 99.9% of all financial representatives talk about
Why it’s an excellent alternative to traditional retirement plans
How you can use it to get back what you pay for major purchases
Where to find the money to get started

After you watch the video, I’d love to hear your thoughts and feedback – so please speak your mind below.

Dow 36,000? What were they smoking?

September 25th, 2009 by Pamela Yellen | Leave a Comment

Ten years ago this week, the book, “Dow 36,000: The New Strategy for Profiting from the Coming Rise in the Stock Market” was published.

It became a best-seller. And, according to a recent article in the Wall Street Journal titled “Lessons of a Bull Market That Never Happened” (9/20/09):

Back then, the only people subject to sustained derision on Wall Street were those who dissented. Anyone who warned that shares might disappoint was ignored. The few predicting a crash — let alone two — were considered cranks.

Yet, in spite of the current stock market rally – one of the steepest in history – the Dow is STILL below where it stood in September 1999!

How many times during those years were your hopes raised, only to be dashed again and again?

Wall Street has some “dirty little secrets” they don’t want you to know about, but I reveal them all here.

Interestingly, one of the authors of that book recently said he still believes the Dow will hit 36,000. Meanwhile, there’s some guy now predicting the Dow will go down to 1,000!

What do YOU think will happen… and why? You can voice your thoughts below…

No new taxes?!?

September 19th, 2009 by Pamela Yellen | 3 Comments

Did you know that the U.S. income tax was first instituted in 1913?

I recently came across a copy of the very first IRS Income Tax Form 1040 our forefathers were required to file and wanted to share it with you.

But BEFORE I show you the rest of it, take a guess at the answers to these four questions:

What percentage of taxable income do you think the average family paid back then?
What was the top percentage paid by the very wealthiest Americans?
How many pages long do you think that first tax return was?
How many pages were the instructions needed to complete the form?

The answers to these questions may shock you!

[Read more…] “No new taxes?!?”