This article is for business owners who insist that their money and investments empower them — not rob them or hold them back.
It’s for those who would rather invest in themselves than gamble on investments they don’t know, control or understand (and are drenched with fees and lost opportunities).
And it’s for those who don’t want to invest in other businesses before they fully invest in their own.
But what retirement planner has ever told you to invest in…
- A special account that grows 4-5% per year guaranteed, no matter what the market does, that can never go down in value (with the one exception of withdrawing, of course)
- An opportunity fund for quickly jumping on chances to grow your business
- A “war chest” to defend yourself from financial predators, lawsuits and hard times
- Asset protection from financial pirates, predators and politicians
- Your own “bank” to access money dirt-cheap for any purpose: new business equipment, a new car, boat or a child’s education — anything — no questions asked.
If the 5 points above sound good to you, then you’ll want to read every word of this article — and, if you like what you see, sign up for our complimentary mini-course below.
To review, we’ve covered why investing outside of your knowledge and expertise isn’t really investing at all — it’s gambling.
But that may not be the worst part.
With most investments, you’re required to take money out of your own business to invest in other businesses. It’s stealing money away from the unique way you add value to the world and redirecting it to someone else.
That’s being destructive when you could be productive. Why not make investments that empower you and your best wealth creator (your business) instead?
Unfortunately, most entrepreneurs don’t even know that you can invest to empower your business.
That’s because retirement planners don’t get a commission for showing you how.
Fortunately, that’s exactly what we teach at Wealth Factory, and we’re happy to show you how.
Here are a few ways to get started:
Create Wealth Accounts to Build Financial Strength
A 2015 survey of the self-employed from TD Ameritrade reveals that entrepreneurs are in a savings drought. A shocking 76% of entrepreneurs are prepared to work forever if they can’t save enough money for retirement. The same study shows that 55% admit to being behind on their retirement savings goals, and 41% aren’t saving regularly.
As an entrepreneur and business owner, you face far more risk than the regular employee, and your income may be less consistent, too.
So it’s even more important for you to have money set aside for emergencies (and opportunities, too) — at least 6 months of living expenses saved and at least a month’s worth locked in a safe in your house.
If you don’t (or even if you do), it’s time to get started with a Wealth Capture account.
How to Start a Wealth Capture Account
A Wealth Capture account is a way to automatically grow wealthier every month.
It works like this: create a “Sweep Account” with your main checking or savings account — wherever your income is deposited each month.
Then set up an automatic transfer to sweep a percentage of your income, on the day it is deposited, into a savings account. This is your Wealth Capture Account.
For example, if you know that $5,000 will be deposited on the 1st and 15th of every month, then you can set up an automatic 15% transfer into your Wealth Capture Account on the 1st and 15th of each month. (Or on the 2nd and 16th of each month to make sure the deposit makes it first.)
With this example, you’d have $1,500 transferred into your Wealth Capture Account after the first month, $4,500 after the third month and $18,000 after one year — all automatically.
Living Wealthy Account
We also recommend sweeping a small percentage into a separate savings account called your Living Wealthy account. This account is to save money for guilt-free spending on those European vacations, fancy cars, courtside tickets or whatever luxury brings you value, relaxation, or restore your energy.
We recommend saving 15% of your income in your Wealth Capture account and 3% in your Living Wealth Account.
If that sounds like a lot, don’t worry. You can start smaller and work your way up to 18% — the important thing is that you’re growing wealthier every month.
Plus, our wealth team can help you find extra money to save on your current income without sacrificing or cutting back. The trick is to stop overpaying the government, banks and Wall Street.
Now that you have these automatic transfers set up, 18% of your income is spoken for every month — it’s going towards capturing wealth and living wealthy — and it’s in a separate account, so you can’t slip up and spend it by mistake.
With this system, you will grow wealthier every month. And because it’s based on a percentage of your income, rather than a set amount, as your income increases, so does the velocity of your Wealth Capture.
For example, we showed how putting 15% of two monthly $5,000 deposits into your Wealth Capture Account will leave you with $18,000 at the end of the year. But let’s say your income is increasing 10% per year. The second year, you’d sweep $19,800 into your capture account. By the fifth year, you’d be sweeping $26,354 into your capture account, for a five-year total of $109,892.
The faster your income grows, the faster and greater your Wealth Capture Account grows.
After your Wealth Capture account has reached a level that gives you peace of mind about your savings, it’s time to start sweeping money into your Wealth Creation account.
Wealth Creation Account
A Wealth Creation Account is a safe, reliable place for your money to grow where it can also be utilized for investments or accelerating business growth.
We’ve found that the best vehicle for a Wealth Creation Account is Cash Flow Insurance because it allows you to…
Grow Your Money 4-5% Per Year No Matter What the Markets Do
Cash Flow Insurance (USA Only) allows you to earn a consistent, guaranteed, tax-preferred return no matter what the stock market does — historically around 4-5% annually. And it also allows you to become your own “bank” and quickly borrow cash for anything you want without the hassle of a loan application or annoying credit checks.
It’s the perfect wealth creation tool for entrepreneurs. Your money isn’t locked up in the stock market until you’re 59 ½, like with 401(k)s and IRAs. Instead, it’s an opportunity fund that’s always available to borrow from to accelerate your business growth.
Starting up with Cash Flow Insurance does mean paying a commission, but we have close relationships with carefully chosen companies to lower those commissions substantially.
We’ve also seen clients pay for their kids’ education with their Cash Flow Insurance account, finance their own homes, or even pay off loans.
Protect Your Assets and Build a Family Legacy Like the Rockefellers Do
In most states, the money in your Cash Flow Insurance account is untouchable to creditors. A portion or even all of the money is safe from lawsuits (depending on the state).
It can be used as a “War Chest” to hire attorneys and pay legal fees to fend off lawsuits and financial predators.
And Cash Flow Insurance is one of the best ways to pass wealth on to the next generation without triggering estate taxes.
The Rockefeller family has been using a similar technique for decades to protect their wealth and keep it in the family.
To Get All These Tools In Place Requires a Wealth Team
We were inspired to create a wealth team for entrepreneurs when we first walked into a “Family Office.”
A Family Office is a team of financial professionals, each with their own specialty, that wealthy families like the Rockefellers use to manage their wealth.
The thing is, you typically have to be worth $50 million or more to work with these family offices.
So we spent more than a decade putting together The Accredited Network, a team of wealth-minded finance specialists including: a world class CPA, business attorney, estate planning attorney, a tax attorney, mortgage broker, Registered Investment Advisor, Property and Casualty agent, Medical Insurance agent and more.
If you’d like to see what it’s like to work with The Accredited Network, click below to sign up for our 5 day mini-course:
How to Transform Your Cash Flow into Lasting Wealth with the Accredited Network (5 Day Mini-Course)
Or if you think that you’re ready to work with the Accredited Network, you can tell us more about yourself here to see if we’re a good match (no obligation):
Click here to answer a few questions to see if we’re a good match
