My Top 2 Financial Protection Mechanisms
I want to talk about the importance of structuring the right protections into your saving and investing strategies.
We often hear people talk about diversification, risk management, and lots of other common strategies to protect themselves financially, but there are two that are so important and I almost never hear them mentioned.
#1: Aligned Interests.
With most financial instruments, this does not exist. Just look at 2008 and 2001 when financial institutions blatantly took advantage of the everyday consumer to make profit.
A perfect example is a bank account. They pay me .01% per year to use my money and then they loan it out and invest it, putting my money at risk, and earn double and triple digit returns that I see no upside in.
Another example is a mutual fund. They’re going to charge me a 1% annual fee. Whether they make me money or lose my money. That’s what they’re going to charge regardless.
Our interests aren’t aligned. It isn’t a true partnership.
This is why I like High Early Cash Value Dividend Paying Whole Life Insurance (I just call it the Sacred Account). When I buy a life insurance policy like this, I actually become an equity partner in the insurance.
Meaning that what they to do me, they must also to do themselves.
They can’t screw me over without also screwing themselves over.
This is why I like structuring for aligned financial interests!
#2: Direct Ownership of Tangible Assets
This means I am not reliant on anyone for my financial strategy.
With this type of structure, I own gold. It’s mine. Nobody can mess with it.
Or, I own real estate. It’s mine. Nobody can mess with it.
I don’t need to worry about it being stolen, being fraudulent, or any of these others factors.
I just own and control the asset and that’s that.
There is no bank involved managing my asset or a Wall Street firm charging me fees.
It is just me, the asset, and the end user who pays me for the use of my asset.
Why aren’t these discussed more?
Well to be totally honest, it’s because Banks and Wall Street don’t profit directly from them.
When I buy gold, I don’t use a Bank or Wall Street firm.
When I put money in life insurance, I don’t use a Bank or Wall Street firm.
When I buy a piece of real estate to seller-finance, I don’t use a Wall Street firm.
Which means there is not incentive for me to hear about these things unless I go looking.
If you want to learn more about how you can protect yourself and structure your finances in this way, I want to offer you a free copy of my book The Blueprint To Financial Freedom by clicking here!
This book is written to give you the exact strategies that the wealthy have used throughout history and in the right sequence too!
So, click here and get your free copy!
To Purpose, Wealth & Freedom,
Jerry Fetta
Jerry Fetta is the CEO and Founder of Wealth DynamX. He is a nationally recognized financial expert featured in Forbes, Yahoo Finance, Fox, Chicago Weekly News, New York Finance, interviewed on over 45 podcasts with world renowned experts, earning endorsements and affiliations throughout his career with names like Kevin O’Leary, Grant Cardone, Dave Ramsey, and Pamela Yellen.
Jerry’s mission in life is to help create millions of financially educated and solvent families achieving greater financial freedom and sharing the truth about money with those around them.
Learn more at www.WealthDynamX.com
(DISCLAIMER: The information in this content should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Wealth DynamX can and does not provide advice unless/until engaged by you.)
