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Did you miss this week’s show? Doug Andrew discussed the following:
Upcoming Free Webinar
Attend our free webinar live over the Internet this coming Tuesday, October 20th. The event will be held at two times. The first will be at 11 a.m. pacific time (12 p.m. mountain, 1 p.m. central, 2 p.m. eastern), and the second at 6:30 p.m. pacific (7:30 p.m. mountain, 8:30 p.m. central, 9:30 p.m. eastern).
Don’t miss your chance to understand how to protect your money during this economic crisis and get competitive rates of return during the good years. This strategy is called indexing and you need to know all about it. To register call 888-76-Radio (888-767-2346).
Just for registering you’ll receive a free e-book and audio book on the IRA/401(k) dilemma. Admission is free for Missed Fortune Radio subscribers and listeners. All attendees will receive a free copy of Last Chance Millionaire, Doug’s New York Times best-selling book.
The Best Way to Get Out of Debt
Many financial “experts” teach people to pay off their homes as quickly as possible, often recommending a 15-year mortgage. Many programs exist for helping people pay extra mortgage principal.
There’s a much smarter way to do this that will pay off your mortgage quicker and safer. It helps you maintain liquidity and preserve your principal while earning a healthy rate of return.
Rather than pay extra on your mortgage, get the longest mortgage as possible. Pay what you would have paid in principal into a systematic account (attend our next webinar to find out what this account should be).
Based on a conservative rate of return, by doing this you’ll be able to pay off your home two and a half years earlier than the approach outlined by other advisors. Furthermore, on a $150,000 mortgage you’ll have $25,000 left over.
Current Events Commentary: The Dangers of Unionization
The Obama administration and the Democratic congress are pursuing two bills to beef up unions in America. The first is “card check” legislation, which would persuade employees to sign a card to join a union. The second would make health benefits taxable except those of union members.
If they succeed in their goals to strengthen unions and increase union membership, the cost to America will be deep and damaging. We’ll have less innovation and entrepreneurship and more bureaucracy and entitlement.
This adds to the financial storms brewing that you must prepare for.
Free Missed Fortune E-Book: Baby Boomer Blunders
The Problem? The average Baby Boomer has less than $50,000 accumulated for retirement (which means many have less than that), primarily due to bad habits and having money invested in the wrong places where economic downturns can diminish their nest egg.
Download this free e-book now at www.babyboomerblunders.com.
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