Your Unbiased Advisor: Pay less; keep more--faster way to wealth

Buy only what you need; become financially ‘comfortable’ faster

$1,100,000. This is the amount of money most of us say it takes to be "financially comfortable," according to a recent survey. However, only a few of us ever get there. Why? The main reason most of us are not 'comfortable' is that we don't plan to have a million dollars ... ever. Most of us settle for a 'fantasy' $ million—playing the lottery every week. A $1 million is not hard to reach with a plan and TIME.

Now we can create wealth for our family— $1,100,000 and more—by using new wealth-building tools from industry DISRUPTORS. We don't need expensive brokers, advisors or agents to buy the essentials of an efficient financial plan. We don't need a lot of money to start building wealth. All we need is TIME and a plan. Pay less; keep more.

Use the Buffett strategy for wealth: https://www.amazon.com/Buy-only-what-you-need/dp/1720321531

Other ways the wealthy avoid paying their fair share of taxes

The tax code was written by lawyers and accountants for lawyers and accountants, NOT for us. Here are some of the ways WE do not get to hide our income and assets from taxation. Preferred stock and trusts can create dynasties and avoid current and estate taxes. The Caymans are home to more tax shelters than people. You can’t eat stock options but you can hold them without taxes. Are your assets owned by a company that only exists on paper to avoid taxes? Do you live on money borrowed against your assets? Are your living expenses deductible by your own branded corporation so you pay less tax? What about private placement life insurance to hold hedge funds and avoid taxes. Or set up a non-profit ‘religious’ organization and fly in your own private jet?

Isn’t it time you paid what they pay: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Is a lottery win right for you?

Yes many dream but few are chosen. Most of our bets go to the government but are not tax-deductible. How about this: Mr Post won $15 million in PA. But he would be $500,000 in debt within just three months of his 1988 win, in part because he bought a twin-engine airplane (though he had no pilot’s license). OK, so we all think we would never do anything so stupid. We are not average, we thought. Ms Adams won the lottery TWICE for over $4 mil. She lost most in casinos and her kin hated her. Now she works 2 jobs making ends meet. Mr Whittacker won $170 million in 2002. He gave a lot away but lost his wife to divorce and his granddaughter to mysterious circumstances. He drank and ended up with 400 legal problems. The list goes on. Becoming wealthy slowly over time allows you to plan and use money wisely. Instead of buying lottery tickets or casino chips each month, put your money in the investment Warren Buffett recommends.

Make him your advisor: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

What to do with your RMD: How much will you spend?

Your RMD or required minimum distribution is the amount the IRS calculates for income tax purposes from your retirement accounts annually after your turn age 70½. You may want to invest part of it for the future or cut the amount in your IRA that you will pay tax on in coming years or contribute to legitimate charities. I help you answer these questions now: Will you have enough? How will you invest? How much will you spend? Explore 17 alternative uses of your RMD. Create tax-FREE income from your IRA while reducing future RMD. Take advantage of the miracle of compounding: $100,000 may become $500,000 in 15 years. Create an investment plan for 30+ retirement years. Self-insure and self-fund all your financial needs. Social Security to cut benefits in 2034 so you may need more income later. You have time to do something about the future.

The chickens have come home to roost: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

SCAMS: Beware the ‘pump and dump’ scheme

Customers of Greg Bercowy, St. Petersburg, FL were victims of his story of a tiny mineral exploration firm in NV. Greg bought millions of shares of Aureus with money taken from a relative. This sent the shares soaring in 1 month and induced others to buy while Greg sold. He pumped the price up by fast buying and selling and left others with stock worth much less than they paid. The SEC fined Greg $1/2 million. The pump and dump scheme formed the central theme of two popular movies, "Boiler Room" and "The Wolf of Wall Street," both of which featured a warehouse full of telemarketing stockbrokers pitching penny stocks. In each case, the brokerage firm was a market maker and held a large volume of stock in companies with highly questionable prospects. Brokers earned large bonuses when the firm would sell the worthless stock after its investors poured money into it.
Avoid unknown low-priced stocks: https://www.amazon.com/Pimps-Wall-Street-money-middlemen/dp/151525254X

How much are you losing by NOT following Buffett’s advice?

Warren Buffett bet a million dollars that a low-cost index fund would outperform a collection of hedge funds over the course of 10 years. This week he won that bet and gave $2.2 million to his charity called Girls Inc. Over the course of the bet the S&P 500 index fund returned 7.1% compounded annually, significantly more than the average of 2.2% for the experts. Buffett has advocated putting the bulk of our investments in a low-cost index (he said Vanguard’s 500 index). For those who follow his advice, this bet confirmed his statement that “a very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money.” Why don’t more smart people follow this advice? He thinks it is because they think they are smarter than everyone else. Instead, low-cost beats high-cost every time studies show.

Double your money every 8-10 years: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

How much is $250 a month worth after 30 years?

One of the reasons people don’t save is that the quick results are not impressive. I look at my balance after 2-3 years and I don’t feel rich. My account looks pathetic--$9,272. My investment account looks better but … $10,923 is just underwhelming. But Fidelity looked at its retirement accounts where the owner died or the owner forgot they had an account. Those accounts were the most successful. Buffett says the same: he does better when he is ‘snoring’ than when active. After 30 years, my $2,000 a year invested at work—different 401ks is worth $606,882. Stock index funds grow at very different rates—+38% and -37%. They average over time between 10-12%. The financial industry average was 3.79% for advisor-managed accounts for 30 years. If I had used a broker I might have just $112,000. Buffett bet $1 million that a simple stock index could beat the best of Wall Street gurus. He was correct: 7% beats 2% during this 10 year period. So what is $250 a month worth after 30 years? No one knows—between $570,000 and $880,000—but if the earnings from my money has to pay 1-3% for a fortune teller, I will gladly follow Buffett’s FREE advice to buy 2 Vanguard’s funds.

Buffett’s advice: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

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Make

~~America~~

, “The Don” Great Again

The Path to Dictatorship

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Immigrants not human, but "animals" Hitler/Stalin agree.

Trump takes children away from the “animals”

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