062: Investing in the ONLY Guarantee in Life
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In 1789 Benjamin Franklin wrote, “Our new constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”
Well, if you have paid attention to any of my emails and posts in the last couple weeks urging you to download a report and watch a webinar from my friend, Tom Wheelwright, then you know that statement from Ben Franklin may only be partially true.
Tom Wheelwright, who also happens to be Robert Kiyosaki’s CPA has shown how it is quite possible to legally NOT pay taxes.
If you did not take advantage of this information, then that’s your loss. But I can tell you from personal experience that what Tom Wheelwright is TRUE!
On the other hand, as of 2017, DEATH IS STILL GUARANTEED. I can tell you this with some confidence, because I am a physician 🙂 And if you think that life expectancy always increases, you are wrong. For the first time since the 1990s, Americans are dying at a faster rate, and they are dying younger.
Americans are also sicker compared to people in other “rich” countries and in some states, progress on chronic diseases like diabetes has actually reversed. I have my theories on why this is happening but suffice it to say that it is.
Now, when we think about investing, we often like to know what the “guarantee” is. What is the investment secured by? We don’t want our investments to be unsecured. That’s why it’s nice to invest in something that is correlated with something real, like real estate, on which we can hang our hats.
Now, what if you could invest in something that was backed by something guaranteed more so than any real estate or other tangible asset–something that was guaranteed in all economies, good and bad and regardless of the equity or real estate markets? Well, it is possible to do that. You just have to invest in something that is guaranteed by death.
That may sound morbid to some of you, but the richest people in the world have been using a technique for decades unknown to the rest of the 99.99 percent of us that might be the ultimate investment hedge–it’s an asset class called life settlements.
Sound interesting? Then, listen to this week’s Wealth Formula Podcast, and become one of the very few people on the planet to know about this unique asset class!
Buck