/fpg/ Financial Planning General

Previous Thread How to defeat the Jewish Banks and establish a line of noble descendents

>inb4 not politics
Money is speech, and our descendents must have resources and knowledge to defeat the Jews and to prevent their resurgence.

We can't solve this problem in this generation, lads, but it has to be our generation that makes the sacrifices and lays the groundwork for the next.

I'm a financial advisor with a major American mutual life insurance company that has been in business and profitable for around 150 years. I will mostly be focusing on the financial strategies you will need to employ to protect and grow your income and assets both in your lifetime and in the next generations that come after you.

First, a couple of notes:

This thread is not for

>cucks and faggots who don't want kids
>losers who are too lazy to work and too undisciplined to save and make good financial decisions
>incels who can't come up with a way to attract and keep a woman

If you have problems in these areas but are working to overcome them, fine, stay and learn, but you need to get the other shit in order before this information will be of value to you.

Attached: bankers1.jpg (620x412, 44K)

Other urls found in this thread:

mrmoneymustache.com/2013/02/22/getting-rich-from-zero-to-hero-in-one-blog-post/
investor.vanguard.com/etf/profile/VTI
twitter.com/SFWRedditImages

Educational Materials:

You need to get educated about money. There is no getting around it, and no, Bit/Doge/Niggercoin is not going to save you. The dollar isn't going anywhere in the immediate future.
Here are some books and authors you can research. Much of this can be found for free or very cheap. Don't be afraid to buy used books. You do not need to pay any of these people for their courses and coaching.

>Dave Ramsey and Suze Orman - ignore these two boomer fucks, their advice is not only useless, it's harmful. The only good thing Dave does is teach people to get rid of credit card debt in an efficient manner and get on a budget. Everything after that, including the get rid of your credit cards advice is disastrous.

>Robert Kiyosaki - Rich Dad Poor Dad, The Cash Flow Quadrant - These books will change your mindset on cash flow, and teach you to go from being an employee to being self employed, to becoming a business owner, and finally an investor. Excellent, and very cheap in the used market.

>Garret Gunderson - Killing Sacred Cows - Debunks myths and gives concrete advice for structuring your business and financial life

>Will Duffy - The Other Side of the Coin: Compound Interest and the second book, Mortgages - Neither of these should take you more than 2 hours to read even if you are a brainlet. Combined they give an excellent overview of how compound interest growth works and how to use leverage as a key component of your financial strategy, as well as explaining simply why equity in your primary residence is little more than an insurance policy for the bank. Debunks myths on stock market growth and addresses issues of taxation, losses, and fees that stop your money from compounding.

>Caleb Guilliams - The AND Asset - Great little book on overfunded whole life strategies

>Nelson Nash - Infinite Banking - The father of the modern velocity/infinite banking model

>Russel Brunson - Just go to his clickfunnel site and get his book package for like $20 or whatever he is charging now. He's an annoying fat fuck Mormon wrestler who is basically a con-man, but his shit works for making money online with very little effort

>The Richest Man in Babylon - You can find this on JewTube for free. No excuses.

You don't need to read all of these, get a selection and see where they take you. You need to change your mindset first, and reading these books will go a long way towards doing that.

First Steps:
Income and budgeting. You need to spend less than you make, plain and simple, and there are only two ways to do that. Increase your income, and/or reduce your standard of living. The average millionaire has seven streams of income, from primary employment, to business, rentals, investments, etc. Get off Jow Forums for a month and find a way to make some more money, start an online business, sell lemonade in front of your mom's house, whatever.

Get on a budget, or at least an allowance. Save a portion of your income, whether it's 10% or 50% or however much. You need reserves for emergencies and opportunities. None of this will happen without discipline, so put down the beer, or the anime, or the pot, or whatever you are wasting your shekels on and get started putting that money away.

Insurance. Pic related shows the basics of a financial plan, which starts with risk management. You are going to be responsible for establishing your family's fortune. Your life and your body need to be insured so that if you die or are unable to work due to illness or injury your family will still be able to accomplish the financial goals you set.
Get yourself an indpendent advisor (no, you don't need a fee advisor, get one who gets paid commission) or one from Massachussetts Mutual, Guardian, Ohio National, Penn Mutual, or One America. Avoid Northwestern Mutual faggotry at all costs, and do not purchase life or disability income insurance from a stock company unless you can't get insured from one of the ones I mentioned.

This is the most important part of your planning after getting cash flow and expenses under control. Permanent life insurance is the key to establishing generational wealth and empowering your children to carry on your legacy and continue to grow your holdings.

Attached: b7-financial-planning-pyramid.jpg (574x374, 40K)

There is no getting around it, if we want to influence the future we need money, guns, and land. Our families need to be interdependent with other like-minded people, and co-located with them. You will need to purchase land and start improving the soil. Learn to grown fruits and vegetables suitable for you climate, and to keep chickens, goats, pigs, whatever. Food security will be very important in future generations, and in fact it is already high on the priority list for those of us living now.

Why did I tell you to get an advisor who works with those companies? Simple, mutual insurance companies are owned by their policy holders, rather than shareholders, which means that the company works in the interests of those they insure, and they pay profits in the form of dividends, or 'return of unused premium' to participating policies. Most importantly, that includes cash-value, permanent life insurance.

Why cash-value permanent life insurance?

First, it acts like property. You are effectively purchasing it on a mortgage schedule, paying for it over a period of 10 or 20 years, or until you attain a certain age like 65, 85, or 100. When properly structured with what are called Paid Up Additions (PUA) riders, these contracts develop significant cash value early on, have larger death benefits for a lower cost than other types of permanent insurance, and offer a place to earn continuous compound interest over a lifetime, and indeed, over several lifetimes.

Why is compound interest so important? Simply put, inflation. Your dollar will continue to lose value on a daily basis as the Fed continues to pump more and more money into the economy, and the government continues to let more and more low-cost labor into the country. If you don't have a place to store wealth that grows on pace with that, your family will always be poor while the Jews continue to get richer and richer.

Second, permanent means exactly that. Once you have put enough money into the contract so that it can sustain itself, that death benefit will be passed on to your heirs. The companies I mentioned earlier are all (except One America I think) over 100 years old, and all have dividend records over 100 years.

Get what I'm saying. These companies have been profitable and returned those profits to their policy holders through everything from the Great Depression to the crash in 07. They do this by continuing to sell insurance products backed by good actuarial science, keeping their expenses low, and managing their investments for long-term, stable growth. It's like hiring Warren Buffet to manage your money without having to pay him for it.

Third, life insurance has special tax treatment that nothing else has. Once the money is in the contract, you can access it throughout your life without ever paying a dime in taxes on the gains. Additionally, the death benefit is passed to your children in a tax free manner.

Fourth, the investment compared to the return is phenomenal. You may pay something like $100K into your million dollar whole life contract over your lifetime, but that million dollar death benefit will grow and be passed on to the next generation. Where else can you get returns like that? Answer, you can't. Life insurance isn't just about providing a death benefit to your wife and kids if you die while you're still working, it's for establishing an estate that will be grown by your descendents.


I've posted some of this before, but I'm trying to get organized and I will start posting this more regularly and fleshing it out.

Feel free to ama, I'll be around for a while, and expect these threads to show up at least once or twice per week for a while.

Don't let this thread die, lads, we need to fight to keep our lands, our culture, and our people safe for the future.

Attached: 819388_original.jpg (580x577, 213K)

Bumpity

Attached: 1551428551725.jpg (1600x1200, 397K)

Bump while I read the info. We need more men like you to help our people.

bump

Attached: too busy getting reech.png (1655x931, 1005K)

Thanks user

Let's also talk about how to teach our children to be responsible for the wealth we leave behind for them, in terms of land, knowledge, money, and the rest.

We are raising the future of our race and people. They must be taught history, apart from the jew schools seeking to indoctrinate them. They must be taught how to lead, and how to be responsible for their people.

What are some books our children must read, skills they must learn, etc?

I'm teaching my kids to shoot, fish hunt, perform basic medical treatment. We have friends who grow food and raise animals, and they are learning these things as well.

We need to build relationships and forge intergenerational bonds with like minded families through marriage, and keep our descendents close to us.

Attached: 1551384003174.jpg (500x481, 90K)

My White wife and I are buying a house to have multiple children in. We're going to come into a lump sum of cash from a settlement in the near future. What are some solid ways to invest / use this money?

My inlaws are pressuring us to Dave Ramsey the mortgage, but I know it would be better used elsewhere.

I'm going to quickly go over the concept of equity in a primary residence and why it is generally a bad idea.

Let's say that you are buying a house for $100K, and I'm buying the one next door for the same price.

You follow Dave Ramsey and so you put 20% down, get a 15 year mortgage, and pay extra on the note every month, desperately trying to pay it off early.

I'm not a boomer cuck, and I did my time as a zogbot in the Israeli Foreign Legion, so I've got a VA loan. I get a 30 year, 0% down mortgage, and I take the difference between my payment and yours and put it somewhere safe and liquid.

(this is the gist of pic related btw)

Attached: 51dvK41Y1oL.jpg (322x500, 33K)

A couple of years go by. Your mortgage is $600/mo, and you put an extra $500 towards it. You've established a little over $40K in equity in your home.

Meanwhile, my payments are $535, and I've got about $2k in equity in my home, but I've been saving $565/mo, and I also had the $20K to start with that you put in your house. I am earning 1.5% in a money market (I would actually have it in life insurance, but let's just stick with this for now)

So I've got $34,375 in cash.

You've paid less interest, true, but here is where things get interesting.

Let's say you and I work in the same company and we both get laid off. 6 months go by, unemployment runs out, and you can no longer make your mortgage payments.

I can, of course, because I've got almost $35k in the bank. but let's just assume I can't for whatever reason, or I don't want to.

You won't be able to access the equity in your house, because you don't have a job, and your credit has probably taken a hit.

Between the two of us, when the bank is negotiating, which of us will have his house repossessed, assuming they both still have a value of $100k?

If you said, you, you get a prize. The bank is hungry for that equity, but on my house they can only lose by repossessing, so they are happy to work with me for reduced payments, recasting the loan, etc.

Now every time you see an ad from a bank telling you how sweet 15 year mortgages are you'll know why.

see
and following

I teach people to use overfunded whole life insurance (see some of the books at the top to learn more), because it is a safe place to keep and grow liquid capital and retain access to it for other opportunity, as well as providing massive increases in wealth for the next generation. It is not uncommon to see families spending $0.15 or less per dollar of death benefit.

In other words, putting $150K towards a life insurance contract in your lifetime, while still having access to that money to continue to grow your empire, will typically result in a $1M death benefit for your children.

If we think in terms of our legacy and line, then winning is easy. Only if we are focused on our single lifetimes, and meaningless ideas like retirement, will we end up like the boomers who have fucked us all so royally.

Moreover, if I am smart (which I am) and I'm networking with like-minded people, then I am going to run into folks who are investing in businesses, real estate, etc. Since I'm not a lazy idiot, I learn how to evaluate these types of investments, and I am able to leverage some of the cash I've put together to invest in what my neighbors and friends are doing, offering me the opportunity to share in their profits while minimizing their exposure to the banks.

We need to get over the idea of 'investing' in the Wall Street Casino, where Jewish oligarchs and banks are using our money to destroy our local economies, and instead invest in our friends, family, neighbors, and community. That is the heart of what I'm trying to teach here, and why life insurance is at the center of it.

Attached: 1551404028798.jpg (750x574, 87K)

Bump

Attached: 1551299939451.jpg (626x626, 23K)

I used to do the exact same thing OP does, in one of his competitor firms, same tier. I just wanted to give my approval of everything he posted so far. I would suggest educating anons on how to distinguish mutual vs stock insurers and how to lookup and judge creditworthiness/financial strength for the company. It would be helpful if someone could provide equivalent info for other countries, but I only ever worked with domestic accounts and assets.

General life advice provided is solid too, though I would like to add the importance of networking and keeping successful contacts. You might need them someday, but they're a good influence even if you don't. Oh wait, it was posted while I was typing,
Carry on, OP

I agree with your ideas about thinking of our legacies.
Having access to the money is great, I'll look into permanent life insurance. I want to leave them money when I die, but I also want to be a present father and not a wage slave.
Do you have any suggestions on sources of passive income? So I can spend less time working and more with my family?

Good stuff. Richest man in Babalon an awesome read.
Networking ideas for shut-ins pls.

Thanks. Feel free to chime in in any way

Gunderson and Kiyosaki will be your jam I think, check out the reads I mentioned in Check meet up, FB, Craigslist, whatever for rei groups, toastmasters, etc.

I got caught up with this and forgot I'm late for an appointment. I'll check back in a couple hours if the thread is still live

Attached: 1551278268369.jpg (850x400, 55K)

You made a new one! I remembered your thread from yesterday, and I was thinking about copying/pasting everything you said into a new thread, so that it could get exposure at a different time of day. Nice to see some determination on Jow Forums.

The Earth is flat.

A good universal step in the right direction is to completely stop supporting all forms of live/3d porn and finding your kick somewhere less industrialized if at all, like in real life or 2d

that will seriously fuck a lot of shit up for them if we all came together as individuals to collectively wreck them at this angle

bad thread
>to defeat jews, just play their game goy
Literally a “Brazil” quote.

We can't beat them while being poor and downtrodden. Wars require resources.

This. Strive to do as well as possible in this shitty nightmare system so that we / our children can put into place a system that works.

The only way out of the game is to stop using any of the financial system at all. Cash, banks, loans, taxes, stores. Good luck with your caveman tier existance.

23, turning 24
>$10800 in a savings account
>keep a minimum of ~$3200 on my main account, invest anything beyond that unless i know i have to buy something expensive in the near future
>$36000 invested in stocks and index funds
I dread the day the stock market takes another fucking hike but I also hate the idea of just sitting on a pile of money while inflation eats away at my wealth, I'd buy property but housing prices are super high right now, I'd love to become a small scale landlord and have a steady stream of additional income that way on top of working.

What do you do for work?

As of roughly 3 years now I've been a mechanical engineer for a small local company that makes substations for the power grid, though since October I'm kinda bouncing back and forth between the mechanical and electrical engineering departments depending on who needs help the most.

Nice. I wish I wasn't such a fucking brainlet and could get into engineering.

It doesn't require any brains. I'm not talking about the white collar type of engineering, I'm talking about putting nuts and bolts together kind of engineering. The mechanical aspects of what we do is pretty much just unskilled labour with a high skill cap, the electrical engineering parts (mostly just making distribution boxes) is the only thing that requires an education and that's just for permits.

Did you need a degree?

Nah, just having a basic education seemed to be enough. Our high school ends at age 15 so from 15-18 you typically study for three years at a gymnasium where you specialize in nursing, engineering, art or whatever you want to. It's basically just three years of high school 2.0, I didn't learn and I still don't know shit about being an electrician. I just follow the schematics, I have no fucking clue how any of it actually works.

Long term yield on a properly structured whole life contract is about 4%, and gains are accessed tax free. This beats the stock market all day. See Duffy's Compound Interest for an in depth explanation.

(I wouldn't work with him though, just FYI)

That money can be used to fund your real estate ambitions as well and continue to grow inside the contract because you access it via leverage. More on this later.

Thanks friend
I knew everything else you posted but never considered how much more useful liquid cash is compared to equity
What's the hit for private mortgage expenses like assuming a 0% VA loan?

VA loans have no PMI

Conventional loans with a loan to value (LTV) ratio higher than 80% (meaning you put less than 20% down) will have PMI. FHA loans have PMI as well.

Find a good loan originator with access to a wide range of products and develop a relationship with him. Consider credit unions and independent mortgage shops first. Ask the guy at the credit union about portfolio loans and other unique products they may have.

What is your salary roughly?

Thanks, user. It can be hard to deal with all the black pills we swallow around here. My hope is that a few anons will take what I write and do something with it for themselves and their families. We can beat the Jews, we just need to remember that they are thinking on long time scales, and we need to do the same.

When Jesus established His Church He made clear to the disciples that they could not overthrow the Jews and the world structure by being in direct opposition to it, but rather by growing the alternative to it from within, like in the parable of the mustard seed.

We need a way to earn compound interest in order to counter the wealth-stealing effects of inflation. We need to recapture money that is currently being directed towards Jewish schemes in government and Wall Street, and redirect that wealth towards our families, communities, and churches. Simply unplugging from the system or trying to fight it directly is a recipe for disaster.

Attached: chu1ov1ebuz01.jpg (460x306, 18K)

~$2350 monthly base salary, an additional ~$215 from shift bonuses. Without overtime I make about $1900 after taxes. Rent is $485, food is $100, other utilities around $70 so my net 'free' income is around $1200-1300

I have been screenshotting and saving into a finance folder. I am 27 y/o doomer, time to change that.

Based. Keep on grinding.

I would recommend this and any literature from Gottfried Feder as well. Great thread user, this place needed it.

Attached: BC16C518-20B2-4E51-9BE2-8983D278F294.jpg (323x500, 51K)

Do what immigrants do and buy a house cash and rent it out. Or split it in two, and mortgage for both.
Whoever owns the houses owns the land, hence,, literally, the country.

Real estate is one of the most important components of building and maintaining generational wealth.

As a general rule, I'm an advocate for leveraging real estate rather than paying cash. If you would be paying $100k for a property with cash, instead take $3k and put it on your primary residence, then $60k as down payment on other properties, leveraging that at 80/20 for $300k in total asset with $240k in loans. You'll then have $17k reserve to cover vacancies, maintenance, etc.

Don't try to do all of this on your own. Look for rei meetups in your area and find out what others are doing, look for a mentor, etc.

I have a friend who used his VA loan to buy a 4plex (yes, you can buy up to 4 units with conventional financing), lived in one apartment, rented the other three, turned the apartment he lived in into a vacation rental, and then repeated that process. You can get rich as fuck doing this, but don't ignore the need for maintaining reserves! Over-leveraging is the number one killer for the real estate investor.

These are all me, just been mobile fagging is all

Posted this over in Jow Forums, applicable to this thread. Guidance?

Hey Jow Forums, long time lurker here. I've been feeling pretty down recently in my life, just very unhappy where I am and want to improve

>27
>only associates degree in Liberal Studies
>live at home
>only debt right now is 17k car note
>bills are insurance, $200 rent
>make ~45-50k but absolutely hate my job
>~12.5k in USD savings, ~4k TRX coins, ~23K in 401k
>qt3.14 gf but she does not make much $$

I feel worthless and just want to check out of this gay earth. I am thinking about returning to school in the fall of 2019 and getting a bachelors degree but am hesitant because of the amount of $$ it will cost. I am not a tradie, tried that world and hated it.

How fucked am I? What should I do to improve my financial future? Any suggestions career wise?

Help me, Jow Forums. I am tired of hating myself

You're in better shape than lots of folks your age, no reason to hate yourself, user. Has Jow Forums been any help? I thought about posting there, but Jow Forums is my home board, and usually I just see shitposting about coins and shit over there, so I wasn't thinking it's even a serious place.

I would start by reading some of the books I listed above, particularly Kiyosaki and Gunderson. You have resources that can be used to start a business, begin some small scale investing, etc. Financial freedom is attainable by building passive cash flow, but it takes hard work, study, discipline, and dedication. Based on your savings and expense profile I would say you have the building blocks for an excellent future, but take it slow and don't get involved in things you don't understand.

You may find Russell Brunson's methods to be of value, they have a very low cost of entry.

Make sure that you are networking as well, user. You need people around you who are redpilled, and one of the best places to find them irl are local investor and real estate meetups, fb groups dedicated to those subjects, and the like.

If you are reasonably social and intelligent and hard working, you might also consider a career in sales. Upside is unlimited and the schedule is flexible in many cases, but it's definitely not for everyone.

Hope that helps.

Lol git gud fag.
Weitermachen Kumpel. Ist doch kein schlechter Start.
1) keep the girl and invest time in her
2) get a more modest car with better MPG Ratio
3) so a Bachelors degree in a community college in a worthwile profession you care about. ( What is liberal studies??)
4) get rid of the trx coins buy a 22 rifle and train
5) save another 10k and buy a used small home with garden.
Learn how to improve the house. Enjoy life

>Don't try to do all of this on your own. Look for rei meetups in your area and find out what others are doing, look for a mentor, etc.
This

I usually lurk on Jow Forums, it is usually a bunch of crypto hype. Jow Forums is my home board as well

I saved your list, I will purchase and read accordingly. I recently purchased and am reading Aoxims of Zurich.

My IRL normie friends say that I am very personable and "know everybody". Have some IRL pollack friends and some friends who are red-pilled, they just don't realize it. I've been trying to distance myself from "dead weight" people who just want to get fucked up every weekend. I have a network of real estate investors lined up and I have my real estate licensed (but have done nothing with it). A gentleman I do some business with made a fuckton during the 2000s RE market but got BTFO after the financial collapse. He is optimistic that those days are not lost but I know anybody with a pulse was making money in the RE market in those days.

I have potential, I just do not know how to direct it. I am a ship lost at sea currently, I am seeking a port.

But what if I'm not smart enough for any of this stuff, im a dum dum that barely managed to graduate High School.

1. She is a keeper. She has heard my private drunken ramblings about (((them))) and knows many of my red-pilled beliefs and does not care. She is mostly indifferent, but she has not fled and it has been a year and a half together so far.
2. My current jobs has me putting ~500-700 miles a week on my vehicle so I got a low mile pre-owned vehicle to try to avoid mech problems. It is a VW but I want a new job to avoid all of this mileage, killing me with the miles I put on.
3. I think I must get the bachelors, it is just difficult to decide what to get it in. I was thinking about getting a bachelors in political science with a minor in finance, accounting, business management, or economics. I have some opportunities on the horizon that are only attainable with a bachelors but what the bachelors is in does not appear to matter.
4. I have a 10/22 Ruger takedown. I will not say how many firearms I own beyond it is greater than 10. I could use more ammo but I have a couple thousand rounds for all calibers besides my shotgun(s); only a few hundred assorted buckshot, birdshot, and slugs.
5. I will save more. I also forgot to mention another ~5k in cash being used elsewhere but readily accessible.

Bumping for OP for not being a jew and bump for OC worth a shit.

Cry me a river bitch.
You're not dumb you're lazy.
I have a friend that is really not smart, but he's well off financially although he grew up poor.

Find a job. Show that you can be depended on. Live modest. Write down your expenditures. Only spend money on things you really care about. Save as much as possible.
If you have saved up 3 months worth of wages, Invest in a 401k Roth IRA or simply a Vanguard ETF.

Look for a job that will pay for tuition. I never finished my bachelors but learned enough web design to get a job. Now my company is going to pay for my degree.

Liberal studies is just a generic degree. It was not planned, I originally wanted to go for 2 years at my local college and then transfer out to get my bachelors. I didn't find a path at the time so I got my associates and began working FT.

A Jow Forumsraeli suggested I learn about and get into AI.

Krautanon here.
Switched to the pc and will type down my situation and plans here in krautland. May take 5-10 mins

What the hell are you on about? I work 8 hours a day 6 days a week and dont dislike my job; i just mean im not very good at investing and judging the investments and stuff, and my uncle told me as a kid you just gotta have it or you dont.

So okay.
I'm 26, bachelors degree in mechanical engineering and a journeymans degree as a machine tool builder.
At the moment I'm living with my girlfriend of 2 years in a small 70 m^2 flat in a small village in southern Germany close to Stuttgart.
I have saved up about 30k € in cash, which will be used to buy one half of my grandmothers house from my fathers siblings. (my father owns the other half)
This will cost about 250.000€.
I will use another 80k for renovating the house myself. New 3-glasses windows, new heating new insulation in the roof, etc.
my plot is roughly 700m^2 big and my half of the house 170 m^2 ( metric units deal with it)
I make roughly 2900€ after taxes, my gf 1700.

I plan to turn part of the house into a flat, which I will rent out until I need the rooms for my unborn but planned 4 kids.
I need approx. 1100€ a month for living atm, which includes housing, food car ( old Opel, I do all repairs on my own).

If all plays out well, I have the house paid off in 15 years and enough money saved in stocks, so that I might quit working if I chose to.

let me spoonfeed you.

mrmoneymustache.com/2013/02/22/getting-rich-from-zero-to-hero-in-one-blog-post/

investor.vanguard.com/etf/profile/VTI

Based. Southern Germany is beautiful. I am glad I went before it became an refugee camp.

It still is beautiful in the countryside;)

Attached: p5230231-large.jpg (971x364, 163K)

How often will this thread be posted? I hunger for more info.

ty user

The 401k is a bad idea for the most part imo. Reposting a comment from yesterday's thread:

My problems with the 401k are threefold. First, the match is a lie. See if you can renegotiate to get that match as income - in other words, why should they make you contribute 3% to get 3%? They should pay it to you as salary, not demand you defer taxes on it and put it in the casino to get it.
Second, it's subject to taxes in the future when you will likely have fewer deductions, and will affect the taxation of your other income, e.g. social security by increasing your income. Do you in general think taxes will be higher or lower in the future? Since the IRS has an unspecified lien against that account, what stops the congress from taxing all $14T in 401k assets at 90% to save social security?
Finally, I'm not a fan of allowing someone else to put my principle at risk in the wall street casino. If you like stocks and options, buy them yourself. If you don't understand them well enough to do so, why are you allowing someone you've never met to do it for you?

Also, the Wall Street Casino is just a way for the Jews to convince us to let them control our money to build their structures that our destroying our families and communities. Keep sending money to Jeff Bezos if you want, I hope your retirement bucks are worth the further destruction of our labor and manufacturing.

I'm not gonna stop, user. At least twice a week going forward I hope.

Feel free also to start a general and open up the conversation to other finance anons and people who are doing well for themselves. I don't have all the answers, I'm sure there are tons of people browsing this board who can be of help as well.

I contribute 10% and my company matches 6%. They will not pay the match as salary because I am not a salary position.

This completely and 100%.

Daily reminder that Boomers are the most pathetic, greedy violators of natural law in modern history.

These people literally have havitually kicked the can down the road for decades and fully intend to retire and die in comfort at the expense of their progeny

Do you have to contribute 10 to get them to match at 6? That's a shit deal.

If you only need to contribute 6 to get 6, why are you deferring the other 4% and losing access to it?

No, I had raised it when I was much more degenerate to force the savings. I will lower it to the 6% to avoid losing the access.

See my posts about overfunded whole life. That 4% would probably do well for you, assuming you are in good health and find a good agent to design the contract for you.

Look for an agent who is familiar with infinite/velocity banking principles, uses whole life instead of universal, and will take the time to explain PUA riders to you.

Thanks m8. I gotta head out for the evening but I look forward to talking with you in the future. Cheers to a better tomorrow.

THis thread is OK i guess but learning this shit is kind of pointless. The only thing that matters is rapidly increasing your INCOME by switching into PRODUCER mode. If you’re making $50k, $100k,$200k a month, what does your $380k mortgage mean? Jack shit. Learn how to juice your income, period.

>I'm a financial advisor with a major American mutual life insurance company that has been in business and profitable for around 150 years

Nice so you work at Mass Mutual selling life insurance to friends and old people who don’t know any better

The only financial advice you need to follow is to: 1. Not spend on stupid shit 2. Work 3. Seek returns. In that order.

These are very easy. You don’t need to be a financial wizard to understand returns either. Just be reasonable. You don’t need to underwrite stocks 7 hours a day or listen to this faggots whole life insurance plans. Just ask yourself, is it More likely that spending on X will benefit me or hurt me and be honest to yourself.

t. 25yrs old private equity fag with 800k net worth

So, I have citizenship in Europe, and I want to completely jump ship on my student loan debt.

What exactly happens at that point? Will the government garnish foreign accounts? Will they just seize whatever tax returns I have? What happens if I surrender my US citizenship?

I really can't find any solid information on this, and I'm not sure what a lawyer could tell me.

Are you selling drugs, user?

If you look up at the top of the thread I suggested folks read Kiyosaki and Gunderson, both of whom will help to shift mindset from wage-earner to businessman/investor.

If you have some tips/strategies/insights/resources for massively increasing income, please share them. You're not wrong that income is a very important component of this, but not everyone is in a position to drastically increase it right away.

In the meantime, they need to get some shit under control, get their life and DI coverage started, build reserves, read some books, do some networking.

Thanks for your input. Clearly, this thread is not for you. I'm trying to help people understand how to establish and protect wealth and grow it across multiple generations.

Nice how you can figure out who I work with based on that info though. Is there a private equity firm you can point me to with that kind of history or nah?

I sincerely hope your work doesn't involve buying up American companies in financial trouble and then selling them off piece by piece for profit to chink investors, but it probably does. Nice work, schlomo.

Depending on what country you’re going to you will probably be extradited and imprisoned if you don’t pay

Something I think you could do Is negotiate your debt. Spend all your money on some sort of real asset. Unironically gold coins or something, bitcoin maybe but I feel like they can track it now. After that, stop making payments on your debt for 3-6mo, call them and say you want to negotiate, try to pay something like 10-30% of the total debt. Pay them that and flee to where we with as many real assets as possible

Though do note trying to travel with a shit ton of gold will raise red flags, might need to get creative

>Imprisoned for defaulting on student debts

I don't think that can happen. Anyway, my plan at this point is to consolidate all my loans with a private re-financier, and then just default on that loan to create a higher separation from it and the government.

>The dollar isn't going anywhere in the immediate future.
Doubt.jpg

Maybe I'm wrong.

If I am, the solution is pretty simple. Buy guns, ammo, land, food, and do it all with as much leverage as possible.

I can figure it out because anyone in finance can recognize these type of companies bullshit sales pitch within seconds.

Your company has been operating for 150years because, like in all insurance companies, your highly paid actuaries know statistics pretty damn well. The house always wins when the game is in your favor, even if it’s a small %, see blackjack.

No one will get rich or pass on wealth through life insurance savings plans, your fees alone will kill any possible gains.

To anyone considering this type of financial instrument, ask yourself why OP gets paid on commission and not salary

You can’t be arrested for not paying, though I’m thinking that not paying by means of fleeing the country will make it a more complicated issue

Not a lawyer though so take it all with a grain of salt

Ask why I'm doing this then? For shekels?

This is a sales pitch? Please. I'm not about to solicit business from Jow Forums.

Also, why would any company pay salespeople commission rather than salary? I just can't figure out why.

I've posted dozens of pieces of advice and resources in these threads, you come in claiming $800k net worth in private quity with advice my 12 year old can give.

I think you're just a kike who knows that mutual life insurance is the thing that kills your banking and wall street shekel machines. Post a picture of your nose, Goldberg.

Well, if your only experience is as an FA for Mass Mutual, you might not know any better. I hate to be hard on you, but bad advice is bad advice whether you truly believe you’re helping people or not

So are you a salesperson or a financial advisor? I’m sure you would agree that those two roles should be mutually exclusive

I'm still waiting for you to offer anything of value or to explain how mutual life insurance is a scam.

Obviously I sell financial products. A fee financial adviser charges a fee and still collects commissions, or the guy he refers you to does. There is no way to buy life or disability insurance other than by a commissioned sales rep.

Do you not have life and disability insurance? Do you have a wife, kids? Are you a buy term and invest the difference practitioner? Care to share one piece of financial advice beyond hurr-durr work, save, find value? Is there a series of books or authors anons should look into?

Would you even care to offer some specific criticisms of mutual life insurance companies and their products? What should people look out for? How do you propose to solve these problems if not with what I am suggesting?

I’m not saying it’s a “scam”, I’m saying it’s not a way to build or pass down wealth as you say.

It is insurance. You’re selling safety, peace of mind, a hedge at best. Nothing wrong with that, plenty of people like that sort of thing.

What’s wrong is spinning it to be a wise financial decision or investment with policies, terms, and explanations that those uneducation in finance will not recognize as simply an insurance policy

You don't know what you're talking about.

Have you looked at how permanent cash value life insurance works? Read anything about velocity or infinite banking?

90% of the permanent life insurance sold in this country is garbage, which is why I made the comments I did about where to go and what to ask. Maybe you should find someone smart about this to educate you. I may demonstrate some things in more detail on later threads, but I don't have time today.

In my previous thread I linked to a blog by Mary Jo Irmen. She lays out how it works pretty well.

You could also offer specific concerns you have. For example, if you said, 'watch out for UL, that shit is garbage', we could agree. You haven't yet said anything intelligent about why you think whole life doesn't work though

Here, I’ll break it down simply

Like I said I’m 25 years old, healthy. Of course I don’t pay for life insurance. The odds of me dying right now are incredibly low.

fortunately because of that, you’ll offer me some attractively low premiums won’t you, premiums I’ll likely be paying for the next 50 years. Quite a significant loss when you add it all up don’t you think? Especially when those premiums include fees and every last bit of overhead your company has accrued in the last half century.

Maybe for my dad though right? he’s 65 and a smoker. Ah, but for some unknown reason, like magic, his premiums will be some $1500 higher per month won’t they?

I sure would sell you low cost term insurance while you are young and healthy, and I would then show you how to buy permanent insurance that had 60-90% cash value of your contribution day one and that broke even in 5-7 years.

You would end up with a large term contract that could be converted to whole in the first ten years, and a cash value contract that can be used as a family bank and will provide a death benefit whether you die tomorrow or in 100 years.

As for your dad, depending on his health and financial position, I might show him temporary or permanent, or a mixture of both. He might even ask you to pay some of the premiums to help secure his legacy for his grandchildren.

You clearly don't understand how permanent and temporary insurance work, why you should have as much as you can get while you are young and healthy, or what it can do for you long term.

I was once 25 and knew everything too, thankfully I grew out of it.

Call an agent and have a conversation before you end up with cancer or some shit and you're uninsurable forever. It will be the best advice you ever take off of Jow Forums

I say little because it’s not hard to understand

P(death) * Payout < Premiums Paid

That is all there is to it, that is the entire concept of life insurance on the sell-side. Each derivative product and spin on the concept is an inane sales ploy.

It’s worse than that though, as I’ve said in interacting with these companies you are now exposed to their overhead.

As a result The inequality above results in a steeper difference, which is the consumers loss.

Statistically speaking - The reality is, if instead of buying a policy you put the exact same $ amount into a saving account as your premiums you would end up with more wealth to pass down, thanks to avoiding overhead exposure.

Perhaps I underestimated the dishonesty of these companies, which is surprising.

It’s amazing, how you people are willing to call yourselves financial advisors yet avoid at all costs to involve yourselves in finance. Is sales the only training they provide?

I would absolutely love to see these returns by the numbers, if in your wisdom you could point me to it.

Show me a breakdown, anywhere and with any company, of a policies return profile. Show me where fees are taken into account, where it’s discounted for time value, show me the formula you use to calculate my premiums.

I’d love to see this, I have a suspicion however that this will never happen, because unlike salespeople numbers will not lie

At best, you have described term insurance, and you've done it so poorly that I am starting to doubt whether you work in finance.

Do you not know that insurance companies have giant investment portfolios?

Recommending a savings account?

Holy shit, user.

When you buy a policy with a mutual company, it's like buying stock. You get voting rights and you get dividends. There is no one else to pass the profits of the company on to after expenses and claims are paid and investment returns are realized.

This is the heart of cash values in whole life.

Moreover, this is just part of the overall strategy in one's financial life. It's the place to store your liquidity while looking for opportunity. It provides a death benefit and tax free growth. It can be leveraged for other investments.

Which you would know if you actually read what I wrote or read any of the books I recommended. Or bothered to educate yourself on these matters.

He is trying to get us to avoid the kike not feed him schlomo