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MEET mel

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See how one simple choice destroys a mel's chance to be rich beyond his wildest dreams. mel FAILED! It could be you. www.thefortuneacademy.com

See how one simple choice destroys a mel's chance to be rich beyond his wildest dreams. mel FAILED! It could be you. www.thefortuneacademy.com

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MEET mel MEET mel Presentation Transcript

  • meet MEL he runs out of retirement income at age 72 property of YCIS all rights reserved © 2008
  • A . K . A … property of YCIS all rights reserved © 2008
    • mr. everyday GUY
    property of YCIS all rights reserved © 2008
  • mel OWN’s a… property of YCIS all rights reserved © 2008
  • HOUSE
    • with FIXED
    • 30 year mortgage
    property of YCIS all rights reserved © 2008
  • he LIKES … property of YCIS all rights reserved © 2008
  • property of YCIS all rights reserved © 2008
  • is GOOD friends with … property of YCIS all rights reserved © 2008
  • OXNARD property of YCIS all rights reserved © 2008
  • mel WORKS … property of YCIS all rights reserved © 2008
  • property of YCIS all rights reserved © 2008 here
  • mel is full of GREAT … property of YCIS all rights reserved © 2008
  • property of YCIS all rights reserved © 2008
  • when it COMES to … property of YCIS all rights reserved © 2008
  • property of YCIS all rights reserved © 2008
  • and … property of YCIS all rights reserved © 2008
  • property of YCIS all rights reserved © 2008
  • but NOT with… property of YCIS all rights reserved © 2008
  • PLANNING for LIFE
    • AFTER…
    property of YCIS all rights reserved © 2008
  • property of YCIS all rights reserved © 2008
  • mel will live to be…
    • 92!
    property of YCIS all rights reserved © 2008
  • mel will need
    • $40k a year in retirement!
    property of YCIS all rights reserved © 2008
  • property of YCIS all rights reserved © 2008
  • PROBLEM is …
    • if mel draws
    • enough money to
    • maintain his
    • current lifestyle ,
    property of YCIS all rights reserved © 2008
  • mel’s tax deferred retirement plan runs out when he is only...
    • 72!
    property of YCIS all rights reserved © 2008
  • mel DID …
    • what EVERYBODY else does…
    property of YCIS all rights reserved © 2008
    • PUT ALL his retirement savings in a ( 401k , IRA , 403b , etc .)
    • PAID DOWN
    • his house, so it would be…
    property of YCIS all rights reserved © 2008
  • HOUSE
    • “ FREE
    • &
    • CLEAR
    • when mel retired
    property of YCIS all rights reserved © 2008
  • mel did it BECAUSE his … property of YCIS all rights reserved © 2008
  • DAD did… property of YCIS all rights reserved © 2008
  • and it worked …
    • FOR>
    • because …
    property of YCIS all rights reserved © 2008
  • mel’s DAD wasn’t property of YCIS all rights reserved © 2008
  • ONE of …
    • 78 MILLION BABY BOOMERS!!!
    • WHO…
    property of YCIS all rights reserved © 2008
  • started retiring YESTERDAY! property of YCIS all rights reserved © 2008
    • that’s a lot of fish to feed *
    • * SOCIAL SECURITY to pay out
    property of YCIS all rights reserved © 2008
    • 78 MILLION! BABY BOOMERS
    property of YCIS all rights reserved © 2008
    • FISH are PEOPLE too!
    • us
    • =
    property of YCIS all rights reserved © 2008
  • 7 things mel did NOT consider property of YCIS all rights reserved © 2008
    • no LIQUIDITY
    • no SAFETY
    • no RETURN on INVESTMENT
    property of YCIS all rights reserved © 2008
    • TAX DEFERRAL
    • LONGEVITY
    • INFLATION
    property of YCIS all rights reserved © 2008
  • 7 th … property of YCIS all rights reserved © 2008
  • the WORST for LAST… property of YCIS all rights reserved © 2008
  • DRUMROLL property of YCIS all rights reserved © 2008
  • TAXES property of YCIS all rights reserved © 2008
  • is THE …
    • NAIL in the …
    property of YCIS all rights reserved © 2008
  • COFFIN property of YCIS all rights reserved © 2008
  • what's WRONG with mel’s plan? property of YCIS all rights reserved © 2008
  • here are a few of the BIG things … property of YCIS all rights reserved © 2008
  • 1st …
    • LIQUIDITY
    property of YCIS all rights reserved © 2008
  • mel CANNOT get his MONEY any time he needs it … property of YCIS all rights reserved © 2008
  • that makes it NOT… property of YCIS all rights reserved © 2008
  • property of YCIS all rights reserved © 2008
  • 2nd …
    • safety
    property of YCIS all rights reserved © 2008
    • mel has lost a large amount of the MONEY he was counting on for retirement!
    property of YCIS all rights reserved © 2008
    • even the …
    property of YCIS all rights reserved © 2008
  • CASH property of YCIS all rights reserved © 2008
  • IN his … property of YCIS all rights reserved © 2008
  • equity property of YCIS all rights reserved © 2008
  • was NOT ! property of YCIS all rights reserved © 2008
  • SAFE property of YCIS all rights reserved © 2008
  • mel’s house lost value! ( like most of us ) property of YCIS all rights reserved © 2008
  • that's money he was counting on for retirement…
    • GONE!
    property of YCIS all rights reserved © 2008
  • 3rd …
    • RETURN ON INVESTMENT
    property of YCIS all rights reserved © 2008
    • we are simply going to
    • make a point about
    • what equity
    • REALLY IS!
    • and how most people
    • perceive their homes…
    property of YCIS all rights reserved © 2008
    • to reinvest your money for
    • an extra million at retirement
    • you may move assets from
    • ANYWHERE ,
    • not just from the equity
    • in your home!
    property of YCIS all rights reserved © 2008
  • equity doesn’t
    • earn money …
    • it’s just LAZY IDLE dollars !
    property of YCIS all rights reserved © 2008
  • RETURN on INVESTMENT
    • is the process
    • of EARNING interest
    • on your money
    property of YCIS all rights reserved © 2008
  • if mel would have taken $ 200k out of the house when he had it … property of YCIS all rights reserved © 2008
  • and put it somewhere that earned lets say… 9% compound interest property of YCIS all rights reserved © 2008
  • that 200k would be…
    • 400 k in 7.5 years!
    property of YCIS all rights reserved © 2008
    • hard to believe ?
    property of YCIS all rights reserved © 2008
    • meet albert einstein
    property of YCIS all rights reserved © 2008
  • he said...
    • “ compound interest is the 8 th wonder of the world ”
    • Albert Einstein
    property of YCIS all rights reserved © 2008
  • 4th …
    • tax deferral
    property of YCIS all rights reserved © 2008
  • MEANING… mel’s ( 401(k), IRA, 403(b) )
    • tax deferred retirement plan …
    property of YCIS all rights reserved © 2008
    • has not been taxed
    • yet ,
    property of YCIS all rights reserved © 2008
  • but it WILL BE taxed…
    • during his retirement years
    property of YCIS all rights reserved © 2008
    • tax deferral would be the
    • greatest thing on…
    property of YCIS all rights reserved © 2008
    • if…
    property of YCIS all rights reserved © 2008
    • mel TRULY
    • believed
    • in his …
    property of YCIS all rights reserved © 2008
    • that…
    property of YCIS all rights reserved © 2008
    • TAXES will be …
    • the same ,
    • or lower in the future .
    property of YCIS all rights reserved © 2008
  • property of YCIS all rights reserved © 2008
  • he has BILL$ property of YCIS all rights reserved © 2008
  • what would you rather pay TAXES on? property of YCIS all rights reserved © 2008
  • the SEED ? property of YCIS all rights reserved © 2008
    • OR the ?
    property of YCIS all rights reserved © 2008
  • HARVEST ? property of YCIS all rights reserved © 2008
  • don’t you think TAXES will HAVE to go UP … ? property of YCIS all rights reserved © 2008
    • and it might be better to pay them
    • NOW ?
    property of YCIS all rights reserved © 2008
  • property of YCIS all rights reserved © 2008
  • NO NEED TO WONDER any longer …
    • oh you didn't…
    property of YCIS all rights reserved © 2008
  •  
  • THEY ALREADY WENT UP!!!
  • MAY 2007 congress RAISED taxes
    • “ the largest tax hike in U.S. history”
    property of YCIS all rights reserved © 2008
  • MEANING…
    • our taxes WILL be going up in 2010 !!!
    property of YCIS all rights reserved © 2008
  • 5th …
    • longevity
    property of YCIS all rights reserved © 2008
  • PROBLEM is …
    • mel lives to be 92
    • but his tax deferred retirement plan runs out when he is only 72
    property of YCIS all rights reserved © 2008
  • 20 YEARS !
    • of living on
    • social security alone…
    • YIKES!!!
    property of YCIS all rights reserved © 2008
  • mel will need to share his with… property of YCIS all rights reserved © 2008
    • 78 MILLION! BABY BOOMERS
    property of YCIS all rights reserved © 2008
  • did you know social security is taxed as income ? property of YCIS all rights reserved © 2008
  • mel has no tax write offs property of YCIS all rights reserved © 2008
  • cat food MELVIN ? property of YCIS all rights reserved © 2008
  • property of YCIS all rights reserved © 2008
  • PROBLEM is …
    • Social security
    property of YCIS all rights reserved © 2008
  • is … property of YCIS all rights reserved © 2008
  • ed property of YCIS all rights reserved © 2008
  • meet alan green span
    • Chairman of the Board of Governors of the Federal Reserve of the U n i t e d S t a t e s 1987 -2006
    property of YCIS all rights reserved © 2008
  • HE SAYS …
    • “ as best I can judge, when the
    • BabyBoom ( generation ) retires,
    • we are going to have to
    • either raise taxes
    • very sharply or
    • cut benefits by HALF ”
    property of YCIS all rights reserved © 2008
    • SOCIAL SECURITY
    property of YCIS all rights reserved © 2008
  • is … property of YCIS all rights reserved © 2008
  • ed property of YCIS all rights reserved © 2008
  • 6th …
    • inflation
    property of YCIS all rights reserved © 2008
  • going to = in the future ?
    • what is…
    property of YCIS all rights reserved © 2008
  • we don’t know but, less for sure property of YCIS all rights reserved © 2008
  • 7th …
    • TAXES
    property of YCIS all rights reserved © 2008
  • what will cause the taxes to go up ? property of YCIS all rights reserved © 2008
  • how about NATIONAL DEBT? property of YCIS all rights reserved © 2008
  • 9 trillion in debt
    • actually its WORSE
    property of YCIS all rights reserved © 2008
  • meet david walker
    • COMPTROLLER GENERAL OF THE U N I T E D S T A T E S
    property of YCIS all rights reserved © 2008
  • he notes … if you Include social security , medicare , medicaid , it makes the REAL DEBT …
    • $ 42 trillion
    property of YCIS all rights reserved © 2008
  • 7 strikes to the HEAD of household! property of YCIS all rights reserved © 2008
  • we can now say mel’s…
    • RETIREMENT PLAN
    property of YCIS all rights reserved © 2008
  • is NOT a PLAN at all property of YCIS all rights reserved © 2008
  • whose retirement is mel planning? property of YCIS all rights reserved © 2008
  • THANKS melvin ! property of YCIS all rights reserved © 2008
  • THANKS melvin! property of YCIS all rights reserved © 2008
  • THANKS dad ! property of YCIS all rights reserved © 2008
  • SORRY son ! property of YCIS all rights reserved © 2008
  • I QU IT! property of YCIS all rights reserved © 2008
  • he did! property of YCIS all rights reserved © 2008
    • DIFFERENT is NOT always
    • BETTER,
    • but BETTER is
    • ALWAYS …
    property of YCIS all rights reserved © 2008
  • DIFFERE N T! property of YCIS all rights reserved © 2008
  • what’s for dinner melvin ? property of YCIS all rights reserved © 2008
  • property of YCIS all rights reserved © 2008
    • if you are looking for something DIFFERE N T go meet sue . If you want to skip meet sue , and get to work on planning for a
    • successful ( TAX SMART ) retirement
    • contact us at…
    property of YCIS all rights reserved © 2008
  • ( 866 - 884 - 7483 ) or get STARTED NOW at www. the fortune academy .com THE END property of YCIS all rights reserved © 2008