32 min listen
112: 401(k) Plans Destroy Your Dreams
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)
10: How To Talk Like An Investor - Vocab. Rehab.: #10: Vocabulary is key to advancing your investor life. It’s also important for attracting the right people so that you can form the right relationships. Learn how these terms are defined in a clear way, used in an example, and also how you might... by Get Rich Education