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112: 401(k) Plans Destroy Your Dreams

112: 401(k) Plans Destroy Your Dreams

FromGet Rich Education


112: 401(k) Plans Destroy Your Dreams

FromGet Rich Education

ratings:
Length:
38 minutes
Released:
Dec 2, 2016
Format:
Podcast episode

Description

#112: Two undercover thieves are robbing you of your dreams. They’re stealing your prosperity both now and in the future. This is why people think they’re “getting ahead,” but they’re falling behind. Learn about the problems with 401(k)s and inflation - it’s even worse than you think. Learn how to get on top of this and get empowered today. Keith brings you today's show from Dallas, TX. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:33  Be unusual. 03:33  A terribly naive statement: “Socking away money in your 401(k) will make you a millionaire.” 07:08  401(k) saving is misdirected. It’s herd mentality pumped up by a billionaire-dollar Wall Street marketing campaigns. 09:40  History of the 401(k) and Ted Benna, creator of the Plan. “Salary Reduction Plans.” 13:35  Dollar-for-dollar matches in 401(k)s. 17:12  A 401(k) is a ZERO cash flow plan. 24:24  The secret monthly bill that you don’t know that you’re paying. 26:57  Real ROI vs. Nominal ROI: How “winning” is really losing. 28:38  Taxation is not adjusted for inflation. 30:40  The first step to solving your problem is recognizing that there is one.   32:04  Your real estate cash flow increases faster than inflation over time. See at: GetRichEducation.com/videos     Resources Mentioned:   TheRealAssetInvestor.com/GRE   CorporateDirect.com   RidgeLendingGroup.com   GetRichEducation.com   Ted Benna and 401(k) history
Released:
Dec 2, 2016
Format:
Podcast episode

Titles in the series (100)

This show has created more financial freedom for busy people like you than nearly any show in the world. Wealthy people's money either starts out or ends up in real estate. But you can't lose your time. Without being a landlord or flipper, you learn about strategic passive real estate investing to create wealth for yourself. I'm Show Host Keith Weinhold. I also serve on the Forbes Real Estate Council and write for Forbes. I serve you ACTIONABLE content for cash flow on a platter. Our bottom line in real estate investing together is: “What’s your Return On Time?” Where traditional personal finance merely helps you avoid losing, you learn how to WIN. Why live below your means when you can expand your means? Since 2002, international real estate investor Keith Weinhold owns multifamily apartment buildings to single family homes to agricultural real estate. New episodes are delivered every Monday.