Reading: Two Inevitable Risks Slides
FINANCIAL SECURITY
SEMINAR
“Become Your Own Bank”
Alex Barrón
INTRODUCTION: REVIEW OF FINANCIAL FREEDOM SEMINAR
THE AMERICAN DREAM IS
Having Success In Life and
Being Financially Free!
THE SAD REALITY
Uncertainty and
Financial Slavery!
The Debt Trap
The Possibility Map
From Slavery to Freedom
¿What Future Do You Prefer?
FINANCIAL SECURITY SEMINAR
How to Become Your Own Bank
By Alex Barrón
www. wealthheritage.com
LESSON 1: TWO INEVITABLE RISKS
Two Things Are Certain in Life
1.) We Will Grow Old
2.) We Will Eventually Die
¿Who is Responsible for Your Retirement?
A lot of People unconsciously leave that responsibility to “someone else”.
Spouse/Partner
Kids
Family
Government
Financial Advisor
Typical Financial Strategy
1. Hope – Everything will be ok
2. Shift Responsibility
3. Entitlement Mentality
Social Security
Medicare
Pensions
RETIREMENT - HOW WILL YOU SURVIVE?
DO YOU HAVE A PLAN FOR YOUR RETIREMENT?
DO YOU HAVE A STRATEGY?
WHAT IS IT?
Hope?
Prayer?
Your kids will take care of you?
Social Security?
Government Hand out?
Company Pension Plan?
Retirement Accounts – IRA, 401(k), Etc.?
What Is the Situation for Most People? And their "Solutions"?
Most are Drowning in Debt - We Lose Thousands of $$ in Interest - Some Think Bankruptcy is the Answer.
Children’s Education - Plan 529, Student Loans, Financial Aid, Parents Pay
Save For Retirement - CD's, 401k, IRA, Mutual Funds
Want to Invest - Mutual Funds, Stock Market, Cryptocurrencies?
Real Estate - Buy Houses to Rent or Flip
Start a Business - 90% Fail
So - How can we prepare ourselves to have a secure income for the day we want to be able to enjoy a comfortable retirement?
Traditional Investments – IRA, 401(k)
"Any financial plan based on a hoped-for return in the stock market is not a plan, it’s a wish." - Dwayne Burnell
What is a Realistic Rate of Return?
TV financial gurus often say mutual funds can make 10-12%/ yr
Over the last 20 years annualized pretax returns are typically less than 5%.
If management fees are 2%+, how much can one realistically expect at retirement?
Real Estate Investment
“Leverage is great as long as home prices are going up. Then when they start to go down, it can kill you.” - Alex Barrón
Commercial Banks– How Safe Are They?
"I believe banking institutions are more dangerous to our liberties than standing armies." - Thomas Jefferson
What to Do???
Pay Debts?
Invest for the Future?
If You Die Unexpectedly,
Who Will Take Care of Your Family?
The average life expectancy is now 75 years for men and 80 for women.
If you died prematurely, have you made arrangements?
Would your family be economically protected in case you are missing?
Do not leave it for “Later".
Life Insurance is a Gift of Love
Life insurance protects human life value by creating an estate. When the person who is covered by the insurance (the “insured”) dies, a definite sum of money (a “death benefit”) is paid to the beneficiary.
There’s a Better Solution!
This solution will help you:
Protect your Family
Start your Wealth Tree
Pay yourself First
Get out of debt faster!
Pay the interest you would have paid to the bank!
Create a Legacy
DARE TO PROSPER!
How???
INVEST IN YOURSELF !!!
BECOME YOUR OWN BANK!
New Plan: Invest in Yourself!
FINANCIAL FREEDOM AND SUCCESS INSTITUTE
Financial Freedom Seminar – New Mentality
Financial Security Seminar– Become Your Own Bank
University of Success– How to Become a Millionaire with a Purpose
Financial Investment Seminar– How to Invest
Destiny of the 3rd Millennium – How to achieve your Life Goals and Destiny
WHY BECOME YOUR OWN BANK?
OUR PURPOSE:
To teach you why learning to
BECOME YOUR OWN BANK
Can help you to:
Provide Financing for your Daily Living and Big Purchases.
Cut Reliance on Banks Out of Your Life Forever.
Prepare for your Retirement.
Take care of your family when you pass away and leave a gift of love.