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Tag Archives: Mike Dillard
I received a link to this video not too long ago with Mike Maloney of goldsilver.com talking about the soon to come greatest wealth transfer in history. Check it out.
Gold has become very expensive over the last few years, so I like silver. Silver, while getting more and more expensive, is still affordable and regular people still have the opportunity to build up a small stock pile as a hedge against whatever may happen.
I’ve heard it said many times and from many different people that the Great Depression represents the greatest transfer of wealth in American history. I have also heard, again from many different people over the past few years, that we are facing another transfer of wealth, possibly even bigger than the Great Depression.
What they mean when they say transfer of wealth, at least in this case, is that as the value of one form of wealth declines (the unbacked US dollar) the value of other forms of wealth increase (like gold and silver).
Did you know that? The United States Government cannot print its own money. It borrows money as a loan from the Federal Reserve, which is a private bank with its own investors. The thing with the Federal Reserve is that it is the only bank that can print money, so there is absolutely no possible way that our government can pay back the loan.
I watched a video that Mike Dillard created to launch his new program, The Elevation Group. In that video he makes many interesting points, and here is one of them that really stands out.
He states that when people reach retirement age, 65, they are required to start withdrawing 6% of their 401k. A financial advisor friend of mine told me that his numbers are wrong, it is actually about 3% at age 70.5. Either way, the point is still valid.
This post is about personal financial matters so I want to be very clear right here that I am not a financial advisor and cannot give you financial advice. Honestly, I’m not even going to tell you directly how to do this, just how to find out how to do this.
Mike Dillard recently launched a new business called The Elevation Group where he is making critical financial training available to everyone who wants to participate. One of the things that he talks about is the benefits of creating your own personal bank. Sounds intriguing, doesn’t it?
Do you know how to build financial freedom? Do you know what financial freedom is?
Financial freedom is the ability to go about your life, doing what you want to do, without having to worry about money. Sounds cool and maybe too good to be true, right?
Well, it is true because I know a few people who have it. I have blogged a lot about Loral Langemeier and I believe she has financial freedom. Some other people I follow that you may have heard of, like Mike Dillard, Bob Proctor, and Joe Vitale, also have financial freedom. Closer to what I’m doing, Reid Nelson and Dave Johnson are high-ranking Nikken distributors who have achieved it.