You know recently at one of our seminars one of the students said, “You know Tim I think the problem in America is that people are spending every penny they make,” and I said, “No I disagree with you. I think the problem in America now is that we’re spending every penny we make and every penny that we can borrow.”
I’m actually chatting with you right here in the front seat of the car. We live up in the mountains, and when you have an all day, filled day full of appointments in the Valley, most of these videos, or catching up on work is gonna be from the front seat of the car.
I want to talk to you today about life insurance. It’s a subject that, when you hear that word, it might bring a little bit of anxiety.
You know, in America, savings is almost become completely forgotten about. According to a recent survey, 34% of Americans have zero savings and another 35% have less than $1,000.
Tim and I have been on an amazing journey these last three years, and I’d love just to share a tiny bit about this journey, and it has to do with wealth management. For years, I have been on the financial or on the financial hamster wheel.
See, there’s a huge difference between tax avoidance and tax evasion. Tax avoidance is good and smart business, tax evasion is illegal.
But I’ll go back to the trusts and foundations, ’cause I really wanna get across something not about trust and foundations, but how the rich are using money in a way that you can’t comprehend because you look at everything that they’re doing through your own set of eyes and your own experience.