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This week Doug Andrew discussed the following:
Upcoming Complimentary Webinar
Attend our free 90-minute webinar live over the Internet this coming Tuesday, July 13th at 11:00 a.m. pacific (12:00 p.m. mountain, 1:00 p.m. central, 2:00 p.m. eastern), and again at 6:30 p.m. pacific (7:30 mountain, 8:30 central, 9:30 eastern).
The topic is “True Asset Optimization: How to Choose the Right Investments.” You’ll learn how to maintain liquidity and guarantee safety of principal while earning a healthy, tax-free rate of return that outpaces inflation.
Register now by calling 1-888-76-Radio (888-767-2346). If operators are busy, please call again.
All attendees receive a bonus hardcover copy of Last Chance Millionaire, Doug Andrew’s New York Times best-selling book.
Government Confusion Has Led to Gambling Plan
Is our nation’s best hope for an economic recovery left to officials who will continue increasing our debt at an alarming rate?
Nile Gardiner voices his alarm at this question in “America is sinking under Obama’s towering debt”:
“I hope the White House is paying attention to the latest annual Congressional Budget Office Long-Term Budget Outlook, which offers a truly frightening picture of the scale of America’s national debt, with huge implications for the country’s future prosperity. According to the non-partisan CBO, “the federal government has been recording the largest budget deficits, as a share of the economy, since the end of World War II…
“As a result of those deficits, the amount of federal debt held by the public has surged. At the end of 2008, that debt equaled 40 percent of the nation’s annual economic output (as measured by gross domestic product, or GDP), a little above the 40 year average of 36 percent. Since then, large budget deficits have caused debt held by the public to shoot upward; the Congressional Budget Office (CBO) projects that federal debt will reach 62 percent of GDP by the end of this year—the highest percentage since shortly after World War II.”
In the last year the debt has risen from about $11.7 trillion to $14 trillion. And with the baby boomers coming up on retirement needing social security, Medicare and Medicaid, this number should be expected to soar.
As a result about a quarter of the population believes that the economic stimulus package has created jobs. In fact according to a recent Rasmussen report, over 40 percent of the population believes that the economy is now in a worse position as a result of the implementation of this plan.
Social security seems to use the same plan that Bernie Madoff used causing him to go to jail. It simply takes the money from the newer members and uses it to pay off the benefits promised to older members.
The only difference is this “robbing Peter to pay Paul” plan is considered legitimate since is falls under government control.
At this point it seems that the government is confused and policy makers have decided to bet that the private sector can make for some of the stimulus over the next few years.
If they are right they can get a head start on trying to close the budget deficits, but if this gamble is wrong they may set off a vicious new cycle in which drastic spending cuts could greatly weaken the world economy.
How to Protect Yourself?
We can no longer expect the government to fix everything. Those in a position to promote growth should do so.
It is time for individuals to take ownership of their future, health-care needs and retirements and create their own stimulus plan.
In “Create Your Own Economic Stimulus Plan — Save Yourself Because Big Government Can’t” six points are addressed teaching the ways to create economic growth for yourself no matter what schemes the government is trying to ‘fix’ the economy.
The following are the initial three points of this plan that can lead you toward financial growth no matter what is going on in the world economy.
1. Learn how increasing your credit score from 680 to 720 can increase your monthly income by $700 a month.
2. Learn to use $150,000 of equity in your house to create an additional $2.3 million in your retirement.
3. Forget 401(k) and IRA plans and learn to earn, grow and upon death even transfer money tax free.
Meet with a Missed Fortune advisor to gain a greater understanding of these points and learn to avoid being a pawn in the governments stimulus gamble.
Bonus Missed Fortune E-Book: Baby Boomer Blunders
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 e-book now at www.babyboomerblunders.com.
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