Читать книгу There's Never Been A KING Without LAND - Michael E. Brown - Страница 5

The Sheeple Plan that Wall Street has sold Americans is based on accumulating enough money to live off of the interest and dividends in retirement. If it works, you are said to be Rich!

What most financial advisers sell you is a risky accumulation plan. The investments might fail during this accumulation period, so you don’t become Rich. Instead you end up living with your kids.

If the plan works (and you become Rich) and all goes well, you still lose!

Wall Street considers their Sheeple Plan a success when you have the pleasure of living on 50-60% of your last year of earned income. What typically happens is that, at the time of retirement, you place your money into safe (read: low return) investments and attempt to live off the cash flow.

Since the cost of living continually increases at a greater rate than your returns — medical costs and taxes continue to rise — your income ultimately doesn’t support the lifestyle you’d hoped to enjoy and maintain.

The retired person usually discovers this about ten to fifteen years into retirement. With life expectancies increasing steadily, this creates a serious dilemma: Which child to move in with? or Do we eat cat food or dog food?

Long term independent retirement in style rarely happens. You’ll ultimately be living a meager existence — if you are even able to maintain your financial and housing independence.

Things get worse when one spouse dies and you lose Social Security income. The reverse mortgage is the fastest growing mortgage product as a result of this serious flaw in the Sheeple Plan.

Sadly, the average investor doesn’t even flinch when he’s told that he’ll be living on 50-60% of his last salary. Think about it: You will have half the money and three times the amount of free time to spend and enjoy it. Not exactly what you thought the golden years were supposed to be, is it?

Being wealthy is so much better than being rich. Wealth, as I define it, is when you have more checks coming in the mail than you need to survive and enjoy life.

Additionally, these checks must increase over the years in relation to the cost of living.

I love getting checks in the mail!

Lastly, the taxes on this ongoing income must be as low as low can go.

Hey, my Dad always told me if you are paying taxes, you are making money — but pay as little as possible. The only way to retire this way is to own cash producing assets (C-P-A’s). C-P-A’s consist of deeded real estate, real estate notes, business ownership (a business you own but do not have to operate daily), and royalties from business ventures.

You need cash-producing assets that you own or control. Mimimize your risk by owning as directly as possible.

RISK equals lack of Control