Generational Wealth

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Transcript

0:03

Curtis Ray here from beautiful Gilbert, Arizona, for another live webinar talking about generational wealth and a bunch of really cool things we talk about today on the path to wealth, how you use compound interest, how you protect your money against stock market risk, a lot of different things. So what I want to ask you guys to do everyone who's on right now, there's a couple hundred people on right now. Grab a piece of paper and pen. You're going have a lot of thoughts, a lot of emotions maybe get stirred up during this live webinar. So I want you to write down your questions. We're also going have a live question and answer at the end of this webinar. So stay tuned. Write down all your questions, anything you want to know, any things that popped up in your mind. We want to make sure this is advantageous to you on your path to financial freedom. So make sure you grab that pen and paper, write down your questions, write down your comments, write down your thoughts, and we are going to work together on making sure you have everything you need to achieve the financial freedom you're looking for. And it all starts with learning education, education and things like that. So we're going to wait about ten more, about 30 more seconds. A few people coming in. I see a few people that are being invited in right now. So we're going to wait a few more seconds and get rocking and rolling. I thank you guys for registering. Like I said, we're going to talk about generational wealth, something that very few people talk about, the ability of passing down assets to your children, something that's super exciting. I do have five children, so I like talking about that, preparing them to produce financial freedom for their lifestyle. So so without any further ado, we are going to get rock and roll and on this webinar, generational wealth, how we make it happen. So everyone has the opportunity of creating wealth in their lifetime and then passing it down to their children. So here's the agenda for today. I'm going to pull up a PowerPoint where I talk about a few things. We're going to go over who is Curtis Ray? What do you actually want? What is generational wealth, the failures of the current industry solutions? Secure compound interest, the power of time, what is premium finance, the MPI Premium Strategy and then ultimately generational wealth for all. Something that I really love to talk about is how you get money making money as securely as possible to produce the financial freedom you are looking for. Like I said, great piece paper, ready, piece of paper and pen. Get ready and let's rock and roll. Who is Curtis Ray? Who am I? Am I am. I live in Gilbert, Arizona. I am married with five children. That's my beautiful family right up there. I am the CEO of MPI Unlimited. MPI Unlimited is the company that brings you all the great education that we have offered. We also have a lot of different strategies to help the public achieve the financial freedom that they're looking for. I am the inventor of the MPI Premium Strategy, the MPI Premium Strategy, something we're going to talk about a little bit later today. Two time bestselling author. I will talk about my books and how you get access to my books and then uh compound interest expert. How many of you know what compound interest is? Money making money. Albert Einstein called the eighth wonder of the world the most powerful force in the universe. If you do not know what compound interest is, it might be one of the reasons you have not achieved financial freedom in your life or maybe not on the path to achieving financial freedom. So we're going to talk about compound interest and how you maximize in your life. It will be the most important financial education you possess, the power of money making money for you securely. It's easy to make money. It's hard to make money securely and keep that money and things like that. And then I am TikTok verified. So anyone who wants to follow me on social media, I post anywhere from 2 to 4 videos every single day on social media. So if you want to follow me on TikTok or on Instagram or Facebook, if you text me right now the word SOCIAL to the number 30500 to text message SOCIAL to the number 30500, I will immediately sent your cell phone, all the different platforms and all where you can follow me, how you get all the content and start learning more today about the power of compounding interest and how achieve the financial freedom you're looking for. Text SOCIAL to 30500. During this presentation, I'm going to give you a few invitations on where to text a word to to the number 30500. So just be waiting for that. Various topics are going to come up and I'll give you specific information about that topic. When you text the word the number 30500. So let's ask a few questions. What do you actually want? I did a poll the other day. I asked people, what did they actually want? A couple hundred people. We've been asking people, what do you actually want in life? And when you when we asked those questions, here were the five things that people start out. People commented on the first thing people said is they wanted financial freedom. Financial freedom. What does financial freedom mean to you? If you could take like 10 seconds right now, if you have a piece of paper now, a piece of paper and pen out, what does financial freedom actually mean to you? Because a lot of people don't know what that means. They hear that term financial freedom, but what does it actually mean? The second thing people say is they want to feel secure. How do you feel secure in life? With the stock market up, down, crazy. Yesterday lost 5%. Today gained a half a percent. Tomorrow losing 2%, etc., etc.. How do you feel secure in your life? Consistency and predictability is what a lot of people want to feel. A lot of people want early retirement. How do you achieve early retirement? You do what you want, when you want with whom you want at the age you want, retire early. Most systems force you to retire at 65, 67, even 70 years old. And social fear, Social Security makes you wait until really a later age after 62 years old. So do you want to retire early? Tax free retirement income. A lot of people are scared of taxes. Taxes most likely are going up in life with the national debt being over$30 trillion. Now it is it is. A lot of people are predicting taxes are going up. So a lot of people are scared to have their retirement inside of a 401(K), IRA be heavily taxed when they finally get there. So we want to avoid the tax inside of retirement. So a lot of people want tax free retirement. And lastly, generational wealth. Those are the five things right up there. Financial freedom, feeling secure early retirement, tax free retirement and generational wealth. Today we're specifically going to talk about generational wealth. So if any of those things strike a chord with you that you think, yeah, that's something I want, write it down, write down why you want it, what you think it means. And ultimately, we're going to talk about how you get there. So let's go to the next slide. Generational wealth. What is generational wealth? The definition is basically generational wealth are the assets that you pass down from one generation to the next. That can be money. It could be real estate, it could be knowledge, it could be ethics. It could be so many morals, all those types of different things out there. Generational wealth is the ability to pass something down that brings value to your children, to your grandchildren, generations to come. So you want to be able to focus on those type of things that bring value to your to your your posterity, your kids, your grandkids. Boris If you don't switch it back and forth, that's a little distracting. So generational wealth are the assets that you pass down from one generation to the next. But unfortunately, only around 1% of Americans achieve seven figure generational wealth. That's millionaire status, the ability to produce seven figures, $1,000,000 or more passed down to the next generation. So when that be really cool, if you can build a system right now or you can build a strategy or you can build a path that gets you to where you're passing down up to seven figures or more, down to your posterity, down to your kids, your grandkids, your great grandkids. But only about 1% of the American population ever achieve that status. So that means there's up to a 99% failure rate, a failure rate inside the current financial industry of producing actual generational wealth. Yeah, that's cool. To pass down 10,000, 20,000, 50,000, a hundred thousand. But actual generational wealth where you're considered a wealthy family is somewhere in the seven figure range. You're producing $1,000,000 or more passing down to your kids. You have a few kids that get spread out, but ultimately 1%. And then it gets even worse than that. A staggering 70% of wealthy families. These are seven figure eight, figure nine figure families. 70% of those lose all of it in the first generation. The very first generation, even if you gave your kids$1,000,000, $10 million or $100 million, the first generation loses all of it. How mindblowing is that? And then it goes even further. 90% lose it within the second generation. Your grandkids mess everything up. You work so hard to produce something amazing, some type of asset to pass it down to generation to generation. That grandma made an amazing decision and it's going to affect generations to come. And your kids or your grandkids have a high probability of messing that whole thing up. Why? Why? Because in America, or at least in my little realm of people, it is almost taboo to talk about money. People fear talking about money. They don't want their kids to know how much they make. They don't want their kids to know how much money they have. Things are hidden. They're hidden inside. Trust. People don't like talking about money. I don't know why. I think it's very important to talk to your kids about money, letting them know what are the rules of money? How did you earn that money? Respect money, be charitable, help people progress in life, do the things necessary that you build your wealth. Now continue those things down on from generation to generation. That's what I want to help people do. So I believe there are five major failures on why generational wealth is not a a prosperous thing inside of our economy, inside of the inside of the United States of America, generational wealth is rarely achieved and then rarely kept because of these five things. The very first thing lack of education. Lack of financial education. How many of you actively teach your kids about money, or how many of you have parents that actively taught you about money? The answer is probably very few. My parents never taught me very much about money, their parents didn’t teach them very much about money. Money is not a common topic. We talk about a lot of things health, mental wellness, mental wellness, religion, all types of things we talk about in the household. For some unknown reason, we don't like to talk about financial education. So that's the first failure I believe has happened inside the financial industry. The second one is term life insurance. How many times have we told to go buy some term insurance because it will protect us? That is true, but it expires and expires around 98% of time. So you're putting money inside of something that a) can produce generational wealth. It has the ability of producing generational wealth and then it expires before you die. And up to 98% of the time it expires. So there's very, very few people who take advantage or get advantaged. Unfortunately, are passing away, but term insurance does not bring very often generational wealth to the public. The next thing is investment risk. Up, down, up, down. 2008 you lost up to 50% of your portfolio. Then it goes back. Yesterday, you lost up to 5%. It's just all over the place. The risk of the market, the risk of business, the risk of a lawsuit, the risk of all types of things make your assets very vulnerable. You are risk to a lot of bad things right in front of you at any moment time, whether it's investment risk, life risk, lawsuit risk, all types of risk are around the corner. To steal the wealth you have built and then to pass it on from generation to generation is even more difficult. Then poor retirement income. We're going to talk about this one a lot that your 401k, your I.R.A., your index fund, your mutual fund, your ETF are not built to produce good, secure retirement income. And because of that, you have to start depleting it just to live the retirement you want, which ultimately kills the ability to produce generational wealth. And lastly, procrastinating. Procrastinating, your wealth decisions. You are procrastinating right now. Maybe you've been procrastinating for a year or two years. Five years. That I will start tomorrow. I will start tomorrow. Curtis. Tomorrow never comes. And we see it throughout history. We see it that people want to start at 20, 25 years old and the average American starts around 40 years old of retirement planning. The procrastination decisions can cost you millions of dollars of future wealth to you, millions of dollars of generational wealth, millions of dollars of retirement income for your own life, etc., etc. all because you are procrastinating. You did not make it a priority. But there are solutions. This we're going to talk about the five solutions to these five problems. The first one is knowledge. Pursue knowledge. I use the word pursue because it will not come to you. You have to actively take the time to make it a priority in your life that you're going to become knowledgeable about money. Are you ready right now? How many right now? Raise your hand and I can see when you guys raise your hands. How many of you right now are willing and ready to pursue knowledge? You're here right now. So I know you want something. You want something in life right now to pursue knowledge and make sure it's a priority in your life. We're going to do that together. I'm going to give you lots of opportunities to learn more and more and more about money. But it has to be active. It has to be a priority. You have to make it a pursue. You are pursuing that knowledge. Second term insurance. Did you guys know there's a thing called permanent insurance, one that never expires? It is contractually guaranteed to provide generational wealth to your family. How many people have permanent insurance? Not very many. Term insurance is much more common because it's less expensive. You get dollar store quality when you pay for less expensive, but you want something that's better, something that actually guarantees you generational wealth, guarantees of security, all types of benefits inside of permanent assurance. We're going to talk about that so that is a solution to why very few people achieve financial freedom. Guaranteed security. Did you know there are plans that literally guarantee you to have no exposure of stock market risk so that risk of the stock market losing, winning, losing money, all the different rollercoaster of the stock market, you can remove that from your life if you want to. There are options out there guarantee security, but like I said, it may cost a little bit more, but you get such a tremendous advantage guaranteed security, increased retirement income and contractual guarantee that you're going to have generational wealth in your family line. How awesome is that? Poor retirement income. How would you like to have a plan that gives you premium retirement income, advanced customized retirement income that can increase your retirement income by up to three times that of 401k, IRA built inside of index funds and mutual funds and things like that. So you guys started understanding, but like I said, it may cost a little bit more. It may be customized, it may be better, it may, you know, you go buy a you go buy a Tesla Plaid over a Toyota Prius, which was going to give you better results. One cost a little bit more, but the results are infinitely better. That's what we want to start thinking about is what are the results? What are the end results, how do we get the things we actually want financial freedom, tax free retirement income, guaranteed security, generational wealth, all those different things retire early. What are you willing to do to achieve the result you actually want? And then lastly, procrastinating. Nope, we're going to prioritize right now the power of compound interest. Like I said, Albert Einstein called compound interest the eighth wonder of the world, the most powerful force in the universe. When we're in regards to money, it is money making money infinitely. It never slows down. And it just keeps going forever. That is how we we produce generational wealth is understand the power of compound interest and how it actually works. So those are the five solutions right there to pursue wealth, pursue knowledge, permanent life insurance, guaranteed security against market risk, focus on things that produce retirement income and then maximizing compound interest in your life. So let's start with the first one. Pursue knowledge. I want to give you guys a special invitation right now. That book right there that you see,

Everyone Ends Up Poor: 15:36

Why Retirement Planning Is All Backwards And How To Fix It. It is a bestselling book, in my opinion. The number one retirement book in the country. The number one generational book in the country, the number one secure compound interest book in the country. And I want to give you a free copy today. Absolutely free of charge. I'm going to give you two invitations at the end of this little slide here. But what is this book going to teach you? It's going to teach you the difference between term insurance and permanent insurance. I want you to know that because you're going to get something that can guarantee you generational wealth, guarantee security, regardless the age you die. It’s going to talk about how, you know, tax brackets and how everyone brags about getting, you know, lower tax bracket. No, you want to start thinking maximums, not minimums of maximums. How do you make the most amount of money, excessive fees of the market or of the traditional financial system? Did you know that an average retirement plan pays hundreds of thousands of dollars of fees stolen from your account into the financial advisors pocket? Not saying he didn't work for, but it is hundreds of thousands of dollars of excessive fees on average of compound interest that could be working for you, passing down generational wealth for you. No early retirement potential. Why this system's not designed to build you early retirement. Investment risk. How to avoid investment risk. The 4% rule and this is the big one right here, the current financial system has around a 99% failure rate, 99%, give or take of the American population, downsize in retirement. Did you know that of the couple of hundred people on here right now, 99% of you, if you do not change or you do not modify or you do not learn or change your relationship with money, you are on a path to downsizing. How sad is that? You could be saving $500, about $1,000 a month for 30 straight years. And you're still on the path to downsizing. Doesn't that sound ludicrous that you could be in a system saving $1,000 a month for 30 straight years and you still downsize? That is what the current system does. That is why my book is called Everyone Ends Up Poor. Not because you don't end up with money, but you don't end up with financial freedom. We're going to talk the difference between a financial freedom and net worth. You know how much money you have. So I want to give you a free copy of this book right now. If you would like a free copy of Everyone Ends Up Poor. You have two options here and I want you to use both options. One option, whatever you think is best for you. If you text me the word book to the number 30500 book to 30500. It's how you get the actual physical copy for free. You just pay for shipping. And I will tell you the physical copy. Absolutely free of charge. So you just got to pay for shipping. I can't afford to pay for shipping across the country for everyone who wants a free book, that'd be millions of dollars. But if you pay for shipping, I'll give you the book. Absolutely free of charge. It's around $11 for shipping. I will mail it to you tomorrow. Text book to 30500. If you want the e-book. Absolutely free of charge, no cost, no strings attached, text me the word e-book to the number 30500 e-book to 30500. You will receive the free copy to your cell phone takes, typically around 2 to 3 minutes to receive it, but you'll receive the free e-book if everyone ends up poor. I want a commitment from each one of you. You said you want to pursue knowledge. Read this book tonight. Many people start the book and finish in one sitting. Read it tonight. Read it tomorrow. However long it takes, you get financial knowledge a priority. Your life. So you know how. What's the difference between insurances? What is the risk? How to avoid risk, how to avoid excessive fees? How to get the most amount of retirement income? How to retire early? All the different things that this doesn't teach you. Number one retirement book in the country. My opinion, the only book that kind of breaks down for you why the system is broken and why up to 99% of the American population downsize in retirement. Everyone ends up poor. Get your free copy today. Now we're going to pursue knowledge. Now you got that out of the way. You are now ready to pursue knowledge. Text me. Let's make that happen. Now let's go to the next thing. What was the next one? Insurance. Let's talk about the difference between term insurance and permanent insurance, because this is really important to me. Also, how many people get tricked in buying the lowest cost option? You are putting your life, life insurance and then generational wealth in the hands of dollar store quality. Does that make a lot of sense? Nothing against Dollar Store, but you use it twice and it breaks, right? The first time you use it. It's good. So you got you got term insurance. Yeah, it's good from the ages of 25 to 55 or whatever age until it expires and then it breaks. You lost all the value to it because you bought term insurance because someone told you it was cheaper. Temporary security. It's only a temporary fix. You feel good in the moment, but it does not produce generational wealth. Historically, at least 98% time it doesn't. And then when you need it most, when you're in your sixties and seventies, the highest probability of you actually passing away, you don't have insurance. You leave your spouse poor, you leave your kids with no generational wealth. Term insurance is not the solution, but it is a money machine for the insurance companies. So they love giving you insurance until the age of 60 because they know that a high probability you're not going to die before the age of 60. So they rarely pay out. We got to think about this on what brings you the most of value, not the cost of it, but the most value. Around 98% expire and it is less expensive. So most people do it because you can get a term policy for 200, you know, 20 bucks a month, ten bucks a month, whatever. But then it doesn't bring you the value actually looking for. And that was generational wealth. Permanent insurance, on the other hand, guaranteed lifetime security that no matter the age you die, your family is protected, your spouse is protected. Generational wealth is part of your family line. Who would like generational wealth guaranteed as part of their family line. Your spouse is protected whether you die 60, 65, 70, 75. You give them a lump sum of money to live their best life after the fact that is what it can do. Guaranteed generational wealth. And it's a premium product. It is a Tesla Plaid per say compared to a Toyota Prius. It gives you so many features and benefits that don't exist inside of a term policy, including the most important one, a compound interest account. Remember, we talked about compound just a little bit. I'm going to go a little bit further on a few slides from now. But compound interest is the eighth one of the world, the most powerful force in the universe. A permanent life insurance contract can produce some of the best compound interest results, bar none. And I want to explain a little bit of those to you so you can understand how you get guaranteed generational wealth, wealth in your lifetime, increased retirement income. And then at the end of the day, pass this knowledge, the knowledge down to your children. So anyone who would like a video that breaks down the difference between buy term invest the rest versus a permanent life insurance contract and the results, you're going to be blown. Your minds going to be blown that wow, I could have guaranteed security, I could have guaranteed generational wealth. I can make more money, even make more money on a permanent policy and have increased retirement income, no market risk, no tax, no capital gains tax, tax free retirement income. So many different options. If you text me the word term to the number 30500, I debunked this whole false narrative of buy term invest the rest is the best option because it is one of the most inefficient options in the whole world. It's one of the most inefficient. Your term policy expires most the time and then you're invest. The rest isn't a very good retirement income. We're going to go on that next. But by text me the word term to the number 30500 and I will get that video sent out to you. And like I said, pursue knowledge, pursue how the game is played, understand the rules of the game, take off the blindfold, use both hands and you're ready to start playing this game of wealth and achieving wealth in your lifetime and financial freedom for you and your posterity and your kids and your grandkids and great grandkids. The next thing I’m gonna talk about investment risk. That was the third problem with it right here up on this chart right here. You guys see that? You've seen it often. That's the stock market right there. That's the S&P 500 returns year by year. What is the problem with the stock market? It's got risk. It goes up. It goes down. Depending on the moment is depending how you feel, you can feel super happy today. You can feel super terrible, disgusted tomorrow. You can even sick to your stomach. You know, this right here is dot com right here. This right here, 2008. Any of you that lived during that timeframe, you know what I'm talking about, that that feeling of losing up to 50% of your portfolio because of stock market risk. Financial advisor always tell you, don't worry, it's a roller coaster. It goes up, it goes down, it will go up again. You will rebound. You're going to lose up to 50% here, 30% there this year. It's already down about 17%. And it's not done, in my opinion. So it's going to continue to lose a little bit more, maybe a lot bit more. We don't know yet. But that that roller coaster of lost time here's the problem is financial advisors and other financial analysts said, don't worry, it will always rebound. It will always rebound. But let's look at this chart right here. Right here is dot com. That is the year 2000. How long did it take? If you had a portfolio, you're over the age of 45 right now. You probably had money in the stock market of the year 2000. How long did it take before it actually rebounded? Full, full amount in your account? Around 2014. It took roughly 14 years for you to get your money back. If you had your money in 2000 inside the stock market that value. Then in 2008, when you lost all your money, it took that same five or six years. So 2008 was right here. By the time you got back to where it was about 2013. So it's about five years to get your money back from the loss of 2008. So people feel good like, Oh Curtis I'm making money. It rebounded, but what if you want to retire right here or right here or right here? You're not retiring for another five to 7 to 14 years because you were inside the stock market risk. We've got to eliminate this investment idea. Compound interest and investment interests are not the same thing. They're not. Investment interest goes up, down, up, down, up, down. And it's a time, a timing game. You got to time it right. When do I retire? Hopefully this individual right here retired right here. You know, you got to time it right. But what if you didn't and you had to go back to work for another 5 to 7 years just to get your portfolio back to where it was? That's the scary thing with the stock market when it comes to retirement planning, however, there is a product inside of insurance that guarantees security. You don't have any of this. It is a stair step. It goes up. It never goes down due to stock market risk. It has you could have confidence 2008. When you start to understand the benefits of guaranteed secure features inside of some type of premium plans, you have confidence. You sleep well at night. You don't need. 2008, it doesn't even bother you because it is a secure compound interest count, not an investment account. When you understand the difference in secure compound interest and investment interest, you're going to understand how you win the long game. Investment interests is exciting. It can make more money in the beginning. It can even make more money over time. But secure compound interest is predictable. It's consistent. It gives you confidence and it gives you the most retirement income. We're going to talk about retirement income right now because that's the most important thing of achieving financial freedom and then ultimately passing down generational wealth. As I said, insurance, compound interest, confidence, guaranteed secure plans, premium plans give the best long term benefits. That is what we're looking for. How do we win the long game? Your retirement game, your generational wealth game, if you're looking for the most immediate rate of return and I just want to feel super excited all the time, maybe an investment is good for you, maybe cryptocurrency is good for you, but if you want retirement income, you want generational wealth, you want security, want tax free growth, things like that. We got to start thinking of secure compound interest accounts, not investment accounts. So poor retirement income now is the fourth one for retirement income. How many of you how many of you know that you are on a path to downsizing? Do you know that you are currently most likely on the path to downsizing? You're doing everything right. You've paid off your debt. You're saving $700 a month in your 401k. Your company match is $500 a month or whatever it is, and you're still on the path to downsizing. Did you know that? I'm going to show you right now some of that's going to absolutely blow your mind that no one's ever explain this to you. And it is open public knowledge, but no one's taking the time to explain it to you. That's why we're in the pursuit of knowledge, financial literacy, financial knowledge. If you work have worked with MPI, you probably know a guy named Rob Duve and everyone says knowledge is power. And Rob says no applied knowledge is power. Applied knowledge. You've got to apply it to your life. You've got to pursue that knowledge and then you've got to use that knowledge. So net worth equals low retirement income. If you are looking for the absolute maximum amount of rate of return, you are one to raise your net worth as high as possible. It is probably leading you down to a very low retirement income. Why? Because you're only focused. You're focusing on the wrong thing. You're focusing on your account value. I'm a millionaire, Curtis. I want to be a millionaire. I ask people all the time, What do you want? What are your retirement goals? I want to be a millionaire. That's not a retirement goal. That's that has nothing to do with your retirement at all. What is your retirement goal? Well, my lifestyle, $7,000 a month. So that's your retirement goal right there, $7,000 a month, in income or 8000 or 10,000 or 20,000 or whatever that number is. An account value is not a retirement goal, but yet the financial industry has convinced you that you have a number. You need to have a number as your retirement goal and that is why everyone ends up poor that is why my book is called Everyone Ends Up Poor because you're focusing on the wrong thing. It is not the account value, but the amount of money your account value is producing you. That is the difference between net worth and financial freedom. So we're now we're going to stop, understand, we're going to stop focusing on account value. We're going to start focusing on how much retirement income the account value produces. Next, the 4% rule. We're going to go over a little bit about that. Did you know the average portfolio right now to get secure retirement income is projected at 4%. That means if you have $1 million inside your account value, you should only be spending$40,000 a year. So when you came to me and you said, Curtis, my retirement goal is to be a millionaire, did you know that means $40,000 a year spendable income? Does that sound like financial freedom? Ask yourself that question. If you got to $1,000,000, would you not be super happy? How many people ever achieve millionaire status? Less than 2% of the American population and even the millionaires inside of a inside of a low cost index fund, mutual fund ETF. For one guy, I still end up most likely poor inside of retirement planning because of the 4% rule. Even if you got $2 million, it's only $80,000 a year. So that is why net worth is not your number one focus and then it depletes in retirement. You want to live the lifestyle you want. Most likely you're going to end up depleting your retirement account, killing generational wealth. When you deplete your retirement account and you're spending the money down, you no longer are going to pass down that million dollars. You're going to pass down $100,000 because you had to spend the other 900,000 to maintain some type of lifestyle that you want in retirement. Everyone ends up poor because everyone's focused on net worth account value, 4% rule, and they're living a retirement that's depleting your account value. And then at the end of the day, your term insurance expired. So after all of that low income depleting your account, then when you're at 55, 60 years old, on average, your insurance expired and generational wealth is no longer even an option inside of your long, hard years of building $1,000,000 nest egg. Doesn’t that sound pretty terrible. Doesn't that sound like when we have a 99% failure rate, a 99%, give or take failure rate of producing financial freedom and generational wealth for the public? Because we follow a system that's not designed to produce generational wealth or retirement income. However, if you can flip the script and go on, the idea of slow and steady wins the race. You know what's funny is we preach slow and steady wins the race, but everyone, an investment of money wants to go sprinting out the gate and they think that's going to get the best result. Tell me one thing ever in any other part of your life, your relationship, your health, your family relationships, whatever, that sprinting and putting yourself at risk is a good idea. It's not ever. If someone came to you and said, you need to put your health at risk to have the best health, you're going to be like, Shut up. That's the dumbest thing I've ever heard. You need to put your marriage at risk. To have a good marriage, you need to put your kids at risk for your kids to grow up well, that's going to sound ludicrous right? So why would you accept the idea of no risk, no reward inside of money? Because it's exciting. It's easy to manipulate your emotions when someone's trying to tell you, hey, we're going to go make your millions of dollars. We're going to get you rich, quick, go, go join this. Go do this. Go invest in that. Slow and steady wins the race when you can embrace the idea of security is your best path future. You're your best path forward. Slow, steady and secure wins the race. That is when you start achieving financial freedom, highest retirement income and generational wealth. So we focus on that. Is retirement income focused. When you focus on security, you're focused on highest income, you're focused on increased income potential, maintaining in retirement, not spending it down. And then ultimately life insurance, permanent life insurance that maximizes your future. That is what we want for you guys. We want you to have slow, steady, predictable, most retirement income, most generational wealth passed down. Don't put yourself at risk. So downsides. You want to talk about this downsize thing. I guys, I promise you that I would show you something that blew your mind. We're going to go right now on an open calculator. You can look it up yourself on Vanguard.com. We're going to go to investor at Vanguard.com and we're going to go to the low cost index fund retirement income calculator. How many of you have been on this income calculator? I'm going to show you something right now that's going to blow your mind. You thought everyone in the world tells you to go get a low cost index fund and that it, you know, buy term invests the rest in a low cost index fund. And it's going to make you a millionaire and you're going to be super happy. Let's prove it out right now, if that's the truth, let's say you start a retirement plan at 30 years old and you want to retire by 60. And let's say right now you're making $100,000 a year and you can save $1,000 month and you're making $100,000 a year. You should be able to save $1,000 about the roughly $12,000 a year. Let's give it a full 10% rate of return. And you don't want to downsize, you want 100% of your income. So you want to you want to retire with $100,000 of income and you're making a 10% rate of return. How many people here think that this should produce you financial freedom, saving $12,000 a year every single year for 30 straight years in the beloved low cost index fund that every most every financial influencer in the world tells you to go get at a full 10% rate of return. I got bad news for you guys. I got really bad news for you. Everyone ends up poor. Look at that right there. Your results are projected to have an account value of $1.167 million. You are the millionaire next door. You made it. You are a millionaire. Everything you've ever dreamed of is now here. You can retire in style because you've got $1.1 million and you are ready to retire and go to the beach and go on vacation. Because you're a millionaire, you're part of the 2% club that ever achieved this status. And then someone tells you this your retirement income, $3,800 a month,$3,800 a month, around $45,000 per year. You're a millionaire. And your low cost index fund is not a retirement plan, at least not a very good one. And it's only projected to produce a secure income of $3,800 per month. You had a lifestyle of $8,300 per month and you are forced to downsize to $3,890. Where is the other $4,000 a month going to come from to maintain some type of lifestyle? You're going to deplete your retirement plan. You're going to start pulling from that $1.1 million, depleting that generational wealth, the asset you just built that is going to produce you this amazing retirement was never going to produce that retirement, even on a low cost index fund. Buy term invest the rest one of the most inefficient your your insurance expires and you end up dead broke everyone ends up poor. This book right here, the one I want to give you a free copy of, is the only book that I'm familiar with ever written, ever. That explains how you can have so much money in a low cost index fund and still end up dead poor. We've got to understand, that's why I want you to pursue knowledge, because no one else is going to tell you this. I am here right now to tell you your low cost index fund is not a retirement plan. It is an investment plan that will make you potentially $1.1 million in this scenario. Now, what is your retirement income?$3,800 a month. Everyone ends up poor. You deserve better. That's why investment accounts are not very good retirement accounts. Okay, enough on that. Enough beating that up. We now want to start thinking about the good side. How do we bypass this? Is there a way to bypass downsizing? There has to be a way. Right? Curtis, you just told me to come on here, and you promise me you're going to teach me about generational wealth and achieving up to three times more retirement income and all the great things that you promised me. Curtis. Now let's hear about them. Everyone ends up poor. But look right here. Why the whole system is backwards and how to fix it. We are going to fix it in the most fascinating way possible, but also the most boring way possible. Secure compound interest. The eighth wonder of the world money making money. Albert Einstein called the most powerful force in the universe the single greatest mathematical discovery of all time. Something doubling on itself. Doubling on, doubling on doubling on, doubling with no effort on your part. So it's money making money and time accelerates it. Time accelerated. You can see from this graph black is how much money you put in. Gold is how much money. Money is making you. But the problem with compound interest is time. It's the most simple path to wealth. Anyone can achieve financial freedom and massive wealth and generational wealth. If you can abide by the rules of compound interest. But there's one huge flaw to compound interest or not even a flaw, but one huge requirement. Time. Those two lines I just drew right there are roughly ten years. Your first ten years, you don't make that much money. And then all of a sudden this thing takes off. It is the most powerful force in the universe, the single most wealth generating tool you could possibly have in your life is the power of compound interest. But you had to wait for it. You had to be patient, you had to be educated, because if you didn't pursue education, you would never believe this was going to happen. You would never even understand how this was going to happen. Then the next ten years you're going to be up here and in the next ten years you're going to be up there. And then now you've produced unlimited wealth money, making money at a faster rate than potentially you can spend it. That is what we want to achieve. And then you pass this knowledge down to your children and they pass it down to their children. Starting compound interest accounts immediately. Start the clock. I'm for my people in here that are in their forties or fifties. You're like, Oh man, I don't have 30 years. That is true. How do you bypass this? Put in more money. If you can put in more money, you can accelerate it at a faster pace and then you can still achieve some pretty amazing results. I'm going to explain to you why time is the most crucial thing. You never want to waste when it comes to pursuing wealth in your lifetime, in your kids lifetime, your grandkids lifetime. Time is the one asset that once you lose it, you can never get it back. Once you lose it, it is gone forever. You have to make the most of time when it comes to compound interest. Albert Einstein one last time, “Compound interest is the eighth wonder of the world. He who understands it earns it”. The pursuing of knowledge, financial knowledge, because the moment you understand how you get that gold line, you will never look at money again. The same. You will never look at it the same. It's just you see, money differently now becomes how much can I get money working for me? How much money can I get working for me? Not. I mean, a lot of people come to me say, “Curtis, how much money do I need to save?”. No! You have it all backwards. How much money can you save? How much money can you get making money to get that gold line steeper as steep as possible to produce the financial freedom as soon as possible, to ultimately achieve early retirement and then generational wealth. Commit your mind to understand the rules of the game and then go all in by winning the game. Understand how to win and let's make it happen together. So I'm going to show you something. Why no one else gets com... very few people ever get compound interest because they say this stupid thing right here. I'll start tomorrow. I'll start tomorrow. Tomorrow never comes. I have clients who call me up and I'm glad they started today, but I talked to them four years ago and they said “Curtis, I'm ready finally”. You know how much wealth you lost that four years? About $1,000,000. Lifetime waiting. That's four years. Not today, but in 30, 40, 50 years from now, you've lost that much potential and maybe tens of millions for your kids. So don't start tomorrow. Tomorrow never comes. It's got to be a priority today to pursue the wealth, make the decisions you need to make, and then go all in on getting money making money. The average person starts around 40 years. They've lost 20 years of compounding. You know those first two lines. Let me go back here real quick. Most people lost their delayed getting that started. Think if you started, you were already here because you started 20 years old. So by the time you're 40 years old, you're already here instead of here. How much better is your retirement if you were to do that? Excuse my handwriting. It's kind of sloppy when I'm writing with this little pen right here, the kind of sloppy all the time. But the average person, it starts at 40 years old. They lost the time. And then ultimately downsizing is most likely your future. There's the ways to do it inside of compound interest, even if you start at 40 or 50 years old. But it's very difficult now. If you start today, pay yourself first, start in this exact moment, start paying yourself 10% of your income. If you can start saving 10% of your income, you are most likely on the path to abundance. You're on the path to financial freedom, great retirement and generational wealth. Moneymaking money is the key to wealth. We've got to make that happen. And then financial freedom is what we want to achieve for everyone. But now I'm going to show you the power of time. Think up real quick before I go on to the next slide. If you are ready right now and you want to make this a priority, learning about money, making the decisions, you're ready right now, Curtis. I want to start right now. At least understanding. Start the first step or take the first step forward. Text me the word freedom to the number 30500 freedom to the number 30500. I'm going to give you 10 seconds, cause I want you to do this. Take your phone out right now. Send me a text message to this number right here, 30500 and text me the word freedom. If you are sincere right now that you want to start making decisions to get you on the path to actual financial freedom, not by term, invest the rest in a low cost index fund. We've already debunked that. That is not going to lead you to financial freedom. It may lead you to rich. It just won't lead you to good retirement income and not generational wealth, but you want actual financial freedom and then generational wealth. Text me the word freedom to the number 30500. So let's talk about the power of time. How many of you want to be millionaires with six figure tax free retirement income? Six figures. That means $100,000 or more tax free. And you want the satisfaction knowing you achieve millionaire status, which is only less than 2% of the American population. How many of you want that? Let me show you how you get it inside of secure compound interest, not investment interest, but actual secure compound interest. Start a newborn at $50 a month by 60 years old. They should have roughly $1 million inside this account and six figure tax free retirement income start 18 years old. It takes $200 a month. Still relatively low. How many 18 years old can save?$200 a month? All the way till the age of 60? A lot of them. That's not a lot of money. You can do that by working a Saturday, working overtime, things like that. You wait a little bit of time, you lost time. Now you want to go at 30 years old. Eek! Now it's $525 a month. Still reasonable. You can still do it at $525 a month. Lot of people can save $500 a month. Let's make that happen. I'm going to do it tomorrow, Curtis. I'm gonna do it tomorrow. I'm going to do it tomorrow. And I'm 40 years old, 1400 dollars a month to retire at 60 years old, a millionaire with a projected$100,000 of tax free income, 1,400 dollars a month. That becomes a little bit more complicated, right? 50 years old,$5,800 a month. That's very, very difficult. Maybe you have a lump sum. Maybe you have real estate rentals you can drop in. Maybe you can still achieve it. There are still ways to achieve it without doing $5,800 a month by doing a lump sum. But look at the power of time.$50 a month for your child, $200 a month for your 18 year old. Teaching your kids this knowledge of the power of compound interest will be the most important financial decision you make in your lifetime and their lifetime. Make it a day. You sit down and say, Hey, we're going to learn about compound interest right now. We're going to set up compound interest accounts. You're going to start saving 10% of your income or 200 bucks a month or whatever it is, because I want you to achieve millionaire status in your lifetime. Financial Freedom, six figure tax free retirement income. You wait till your 50, it becomes much more difficult. 40, much more difficult, 30 much more difficult. But if you start young and you start early and you let the power of compound interest do its business, it is it is one of the most magnificent things you'll ever see. And I want to show you real quick on the compound interest calculator. I'm going to do a side by side between investment interest and compound secure compound, which accounts these numbers right here. Let me remember that. 5200 525, 4050, 100. Let's go here. Anyone who wants to go to compoundinterest.com that is our website compoundinterest.com go to compound interest scroll down right here and let's make it happen. Current age retire by 60, saving $50 a month. A projected $99,474. Not quite. We're going to change that to 52. There it is right there, $51 a month. There it is, $51 a month. That is how you do it. Now, for a newborn putting in$50 a month, maybe a $100 a month, they could do it by 50 years old. But that is phenomenal. Millionaire status, $50 a month. Now, we're going to go to 18 years old now and look at the 401(K) investment account index fund, $54,000. About half, half of the results through an investment account. You're not financially free over there. Now we're going to go to an 18 year old by 60. What do we say? I believe it was $200 a month. There it is right there,$200 a month inside of a secure compound interest account. Slow and steady, focusing on compound interest, not investment interest versus $44,000. Everyone ends up poor. This is what I was showing you on the on the low cost index fund, things like that, $44,000 because of the 4% rule, both of them are millionaire status. But one is producing $100,000. One is producing projected $44,000. Now, let's go to the 30 year old. Same thing, $525 a month, 525,$100,000 of tax free income millionaire projected status, $40,000 in the Roth IRA, 401k low cost index fund. I'll do one last, but you guys get the point. What I want you to do is go on compoundinterest.com and play around on your own numbers. Go put in your own numbers right now. See what it takes to get a $100,000 tax free income,$1,400 dollars a month for a 40 year old, $41,000 in a Roth IRA, 401k low cost index fund go to compoundinterest.com. Get excited. Learn how to start saving as soon as possible, but you losing time will be one of the worst financial decisions you'll ever do in your life. If you're going to go into financial freedom and generational wealth and compound interest, make it a priority. We're not trying to force you into this. We're saying make it a priority so you can at least make the good decisions. You can't make the good decisions unless you pursue financial knowledge. So get your free copy of my book. Everyone ends up poor and go all in on learning about the power of compound interest. You can start making your best decisions if you want the easier route. Just text me the word calculator. Calculator the number 30500. I'll literally send my website directly to your cell phone so you can just click the link text calculator to 30500. Get excited about your future, put in your numbers, go all in, build your six figure tax free retirement income, millionaire status, retirement plan. Go to the calculator, make it happen. Don't lose time, guys. No more it will. I'll do it tomorrow. Today's the day start. So let's go back to this generational wealth, lack of financial knowledge. You guys have committed not to have the lack of financial Nigeria pursue knowledge right now with what we just learned about permanent chart, it's much better long term option. It does cost a little bit more, but it's a way better result. More retirement income, tax free retirement income, guaranteed generational wealth, more retirement income projections. All types of things go all in learning how to use your money efficiently, efficiently. Do not waste your money on term insurance. Investment risk versus security. Security produces better long term results, historically. Poor retirement income, low cost index fund, mutual funds ETFs versus premium retirement income. That is a compound interest account, a secure compounding interest account, and then procrastinating versus prioritizing. You are going to make this a priority right now. You're going to start reading this book. Everyone ends up poor tonight. Text me e-book to 30500. If you want that e-book tonight to start reading it, you're going to schedule one on one. You're going to ask your questions. You're going to make knowledge a priority in your life. Let's make it happen together. So after all of this, where do I put my money? Where does Curtis Rate put his money? I talk about compound interest. I talk about generational wealth. Where do I actually put my money? Why am I so confident then I'm going to end up with I already have, you know, how do I end up passing down millions and millions of dollars of compound interest to my children? How do I have a retirement of my dreams? How do I do all the things I want to do? And I want to talk to you guys about a thing called premium financing. Premium financing is the strategy that was launched in 1997 exclusively for the rich people. Super exclusive. Did you guys know rich people actually have better opportunities than most people? They have better features, better benefits, more security, more growth potential, more everything. Just because they're rich. Banks like working with rich people, people like, you know, other rich people like working rich people. So there's this exclusive plan called premium financing. It is a premium strategy means it has advanced customized results for you. It has it's educational based. You cannot get a premium strategy without being educated first. It's not a just set and forget it. You do absolutely nothing. You've got to learn how it works. You've got to maximize it. That's why I say financial education is the priority. It's got permanent life insurance guaranteeing generational wealth, no market risk up to three times more retirement income, secure compounding and the cherry on top secure leverage using someone else's money plus your money working together to produce secure compound interest. It is really cool to get money making money. Compound interest, leveraged compound interest is even cooler. It is your money making money, someone else's money making money. Add those up together you can produce up to double or even triple the results of a traditional plan, such as an index fund, whole life insurance index universe like it is. But there's one huge problem to premium financing. I may go click on this link. We're going to go to Wikipedia right now that talks about premium financing. There is one huge problem to premium financing and it is this. Who could read that right there at the bottom? To qualify for premium financing, you need a net worth of $5 million or more just to qualify for it. So to get the most advanced features, the best compound interest accounts, permanent life insurance, guaranteed security against stock market risk, increased retirement income by up to three times. You need $5 million to even participate in it. That doesn't sound fair. That doesn't sound cool. Why is there no option available to normal people who are making 100 grand a year, 50 grand a year, 500 grand or even $2 million in net worth, can't even qualify for premium financing until today. This is why I'm so excited. This is why I do a webinar every two weeks. This is why I go TikTok live twice a day. Almost every single day. Because for the first time in the history of personal finance, there's a redesigned premium strategy that the public now has access to. There are no net worth requirements inside of a an MPI premium strategy. For the first time ever, you can get all the advantages of premium financing and other additional advantages, all the different things that are exclusive variable to super rich without a net worth requirement. It is now simplified. It doesn't require banks, it doesn't require credit checks, it doesn't require this insane collateralization all the different things that premium financing requires now exists inside of an MPI premium strategy that brings you all that without all the problems with it now available to the public it is now available to the everyday American to get all the advantages of the secure compound interest account. That is where I put my money inside of a premium strategy, one that brings premium customized products, premium customized results to the public. And before today, you had to have $5 million and now it's available to the public. And what do you get when you get an MPI premium strategy similar to the results of a premium finance strategy; permanent life insurance, guaranteeing generational wealth. You are guaranteeing your family will be left with potentially seven or eight figures of generational wealth. Living benefits. How many people lose all their money because they get a health scare, cancer, heart attack, stroke and that to liquidate all their money to pay for medical bills, life insurance protects you from that. You have access to life insurance to pay for medical bills or other things. Lowest expenses, legally allowable. No access penalty. So you can retire any age you want. High contribution limits. Unlike a 401k, IRA where you can't put very much money to them to retire early inside of a premium strategy, you can basically put as much money as you want. Legal protections. One of the most protected assets from lawsuits, liens and creditors. How would you like to build your wealth for 30 years and then a lawsuit takes it all away from you? An MPI premium strategy can protect you from a lot of legal liabilities that exist in traditional cash and real estate. No market risk. S&P 500 Growth Strategy. Secure Leverage your money plus someone else's money making money for you. Tax free retirement income. You don't got to worry about the taxes moving forward. And then increased retirement income by up to three times, up to three times over your 401k, IRA Roth IRA. Just showed it on the on the premium calculator was $100,000 versus $40,000.$100,000 versus $38,000.$100,000 versus $43,000. Up to three times more retirement income through the power of premium strategies that was only exclusive available to super rich people before today. If you would like to know if you qualify for a premium strategy, text me the word premium to the number 30500. This will take you to our calendar. I want you to go to our calendar. I want you to schedule 1 to 1 free of charge. No obligation, no strings attached. Everyone who schedules a 1 to 1 will get a free copy of Everyone Ends Up Poor. So you can read it. Start pursuing that financial knowledge, but go right now and find a great time for you to see. Do you want all these things? Do you want generational wealth? Do you want living benefits? Guaranteed security against market risk? Increase your retirement income by up to 200%, three times more retirement income, all because you believed in secure compound interest. You understood it, you researched it, you got the knowledge necessary, and finally understood that slow and steady wins this race, secure compound interest wins the race of retirement income, security, generational wealth. That is what you do. That's what you deserve. Text me the word premium to 30500. Send your calendar directly to your cell phone so you can start finding a good, convenient time. Come ready to learn. Read the book when you can come all in. Let's get you the power of compound interest in your life. So generational wealth for all. That is what we want, guys. We want you to achieve what you deserve. You work hard, you have a family, you have children, potentially. You want to pass them down all the things you want in life, right? All the things you want for them in life. You always want to leave. Potentially most people, most parents want to leave better for their kids than what they got. It all starts with education. Are you willing to be financially educated? Are you willing to pass that education down to your children? Teach them about investment risk versus secure compound interest, teach them about taxes, teach you about retirement income, net worth versus financial freedom numbers. Teach you about term insurance versus permanent insurance. All the things that are traditionally taught inside the financial sector do not lead to financial freedom, do not lead to generational wealth. There is a 99% give or take, failure rate. I don't want to beat that dead horse, but why would we ever trust or why would we ever continue inside of a system that has up to a 99% failure rate? That is what buy term invest the rest that the term insurance and the index funds, the mutual funds, the financial advisor, the CFP that's going to 401k, IRAs, things like that. A 99%, give or take failure rate. You deserve better than that. But it all begins with knowledge, generational wealth of knowledge and money. The money will not disappear. If you remember the earlier slides, up to 70% of all generational wealth is gone in the first generation, up to 90% is gone by the second generation. And today is the day that you fix that. But it all starts by teaching your children how the game of money is played, how you achieve financial freedom in your lifetime by using compound interest, using time, let money make money, and then ultimately achieve the retirement you're looking for. So once again, if you want to schedule one on one right here, text me right now. We want everyone focusing on generational wealth. Text me the word wealth to the number 30500. If you are sincere about building wealth in your life, you want to protect it against stock market risk. You want to achieve a great retirement up to three times better than your 401k, IRA and then ultimately pass it down to your children and then teach them to pass down to their children and their children and their children. The decisions you are making right now literally can affect generations to come and they will look back and say,“Grandma, Grandpa, thank you, thank you”. I want to thank you guys for your time. Text me right now the word wealth to the number 30500. That will take you directly to our calendar. If you want to learn more, it's free of charge. No strings attached, no obligation. You get a free copy of this book, Everyone Ends Up Poor. You can understand why up to 99% of the American population downsize. Text me the word wealth and let's make it happen together. We're here for you. Our service are here for you. We're here to make sure that everyone has equal opportunities. What was only available for the super rich are now available to the public. So we know the playing field is fair now, but you've got to take advantage of it. But it all starts with financial freedom. Paying yourself first, getting secure, compound interest in your account in your life. So guys, that's the end of the presentation. I got a few more invitations for you, but I want to thank you for your time. I hope you learned something. If you did learn something lets connect, let's make it happen. So as always, I'm Curtis Ray. Always be compounding.