Category: Bank On Yourself

What is Your Peace of Mind Quotient?

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If You Don’t Already Know It, You’ll Discover It Here

Executive Summary: Knowing your true risk tolerance, or what we more broadly define as your personal Peace of Mind Quotient (POMQ), is vital to effectively directing your savings and investing strategies throughout the course of your life.

Really, until you get a handle on the emotional price you are willing to pay in pursuit of higher financial returns, you have no business chasing wealth.

People who fail to take their POMQ into account when developing their savings and investment strategies very often pay an exorbitant and unnecessarily high emotional penalty for their shortsightedness. Here we provide you with a fun and thought-provoking Peace of Mind Quotient Self-Assessment and encourage you to take five minutes or less to discover your score.

The conventional wisdom is that “peace of mind” is priceless.

It isn’t.

All of us have some level at which we are willing to tolerate stress, discomfort, worry, anxiety or other unpleasant feelings if the potential financial rewards are large enough.

Think of the popular NBC television show, Minute To Win It.  Contestants – ordinary folks with no special skills or athleticism – compete in up to ten consecutive 60-second challenges using common household items.

As the winnings mount, each challenge becomes progressively more difficult.  The suspense builds over the contestants’ fateful choice to pocket the cash they’ve already won or continue in pursuit of the ultimate prize of $1 million.  If at any step along the way they falter, the game is over and they must forfeit their earlier winnings.

Would you risk 60 seconds of intense stress and many thousands of dollars of existing gains for a shot at $1 million?

[Read more…] “What is Your Peace of Mind Quotient?”

Peace Of Mind Analysis Results

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The Peace of Mind Quotient Categories and Recommendations

Once you’ve taken the Peace Of Mind Quotient Self-Assessment, you’ll find our recommendations below on how to use your score to help guide you when making critical financial decisions.  (Learn why knowing your Peace Of Mind Quotient is important.)

What was your Peace Of Mind Quotient result?

Men (and Women) of Steel

You have nerves of steel.  Compared with us and most people we know, you’re from another planet. [Read more…] “Peace Of Mind Analysis Results”

Bank On Yourself featured in AARP

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Saving Your Nest Egg in Tough Times
Saving Your Nest Egg in Tough Times

Pamela Yellen was recently interviewed by AARP about the Bank On Yourself wealth-building method for an article on “Saving Your Nest Egg in Tough Times.”

Scroll down to the second paragraph below the “50/50, if you’re 50” subhead to read the advice Pamela gave for investors age 50-65 who are fed up with watching their hard-earned nest-eggs shrink yet again.

What about investors over age 65?

Pamela also gave advice for investors between the ages of 66 and 85 who want to add more guarantees and predictability to their financial plan and bump up their returns without the risk of stocks and other investments.

Although there wasn’t space to include that advice in the AARP article, this is an increasingly popular option for Americans up through the age of 85.

This little-known option provides many advantages that annuities and CD’s do not have, including…

  • Provides guaranteed growth and a higher return
  • Exceptional flexibility and liquidity
  • Protection from estate taxes
  • Automatic long-term care coverage at no additional costs (in states where it’s available)

The Bank On Yourself Professionals are well-versed in this option and can conduct a free Analysis that will help you determine which plan is best for your unique situation.

If you’re not sure where you’ll find the funds to start a plan, don’t worry.  The Bank On Yourself Professionals are masters at helping their clients of any age restructure their finances to free up seed money to fund a plan that will help you reach as many of your long-term and short-term goals as possible – in the shortest time possible.

Remember – Wall Street already lost more than 45% of the typical investor’s savings TWICE in the last decade.  How would it affect you if this latest stock market rout is just the beginning of another look-out-below crash?

To find out how you can add predictability and guarantees to your financial plan and have the financial security and peace of mind that you want and deserve, request your FREE Analysis now.  You’ll be connected with one of only 200 financial representatives in the country who have met the rigorous training and requirements to be a Bank On Yourself Professional.

Check out these other articles that may be of interest to you…

Bank On Yourself Money Alert!

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Teleconference replay reveals the steps you must take immediately to protect yourself from Wall Street’s bloodbath

I just held an urgent Teleconference on what you should do right now to protect your family’s financial security.

A number of people told us they weren’t able to attend and asked if it was recorded so they – and the people they care about – could still listen to it.

You can listen to a replay of it below, or you can download the recording as an MP3 and listen to it on your own player or iPod now at:



I urge you to shut the door and put out a “do not disturb” sign while you listen to this critically important information which includes answers to timely questions such as:

  • Should you stay in the market despite the turbulence and wait for the market to rebound?
  • Is now the time to shift into gold?
  • Where else can you find shelter from the storm?
  • What can we do to encourage Washington to get its act together?

Find out what you need to do right now to protect your hard-earned savings and take back control of your financial future here:


Are you ready to do something different?

And if you’re ready to find out how the Bank On Yourself method can give you the financial security and predictability you want and deserve, take the first step right now by requesting a free Bank On Yourself Analysis.
REQUEST YOUR
FREE ANALYSIS!
You’ll also get a referral to one of only 200 financial representatives in the country who have met the rigorous requirements to be a Bank On Yourself Professional, who can answer your questions and show you how much your financial picture could improve when you add Bank On Yourself to your financial plan.

Nobody is going to twist your arm, and you won’t even be asked to buy anything at your first meeting with your Bank On Yourself Professional.

But at least you’ll know whether Bank On Yourself makes sense for you and your family.  So please request your free Analysis today.

 

Dow Down 512 points – Have You Had Enough Yet?

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Protect your hard-earned money!

The markets are crazy and the economy may be unraveling.  We have some important and timely articles, interviews and advice planned in the coming weeks on how to protect your hard-earned money.  Subscribe to our free newsletter today, so you don’t miss any of it! You’ll also be able to immediately access my new 18-page Special Report absolutely free when you subscribe.

The Dow is down 1,300  points (give or take) in just the last two weeks, plunging more than 500 points today alone

The risk has been increasing daily that we will fall into another recession (if we aren’t ALREADY there), making it likely that the volatility in the markets will only continue – and maybe get worse.

If you have money in the stock market and you haven’t read the article I wrote on “Why You Need Dow 27,000 Today,” I urge you to read it now.

Are you sick and tired of the “hope and pray” method of building wealth?

Do you want to have a nest egg that grows by a guaranteed and predictable amount EVERY single year?

Have you just plain had enough? 

The drop was the largest one-day decline in three years.
The drop was the largest one-day decline in three years

If you answered “yes” to any of these questions, and you haven’t already added the Bank On Yourself method to your financial plan, please, please, please – DO NOT PUT IT OFF ANOTHER DAY!

Request a free Analysis now. When you request your Analysis, you’ll get a referral to one of only 200 financial representatives in the country who have met the rigorous requirements to be a Bank On Yourself Professional.

The Professional selected for you will be able to answer any questions you may still have and show you exactly how much money you can count on having in your plan at any point in time.

If you don’t like what you see, there’s no obligation at all and no one is going to twist your arm or try to hard sell you.

But at least you’ll know whether Bank On Yourself makes sense for your situation.

Wall Street already lost more than 45% of investors’ money – TWICE – just in the last decade

You may not vividly remember the sting of the last crash, but please don’t fool yourself into thinking it isn’t going to happen again.

More than $2 trillion of wealth has been wiped out in the past two weeks, but NO one lost a single penny in their Bank On Yourself plan. It’s an asset that has increased in value EVERY year for more than 160 years and remains the ultimate financial security blanket in both good times and bad.

So, request your free Analysis now.

A Do-It-Yourself Fix For The Economy, Deficit, Social Security and Unemployment

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Executive Summary: The best solutions to America’s economic woes and political gridlock won’t be found in the nation’s capitol.  We must return to our roots, where family, neighbors, church and community provided shelter from financial storms and health crises.  The road to fiscal redemption begins at your doorstep.

There are all manner of proposals, schemes, social engineering programs and wishful thinking being weighed as possible government responses to the seemingly unsolvable financial problems our nation faces.

Depressing economy newsOur economy wobbles on the edge of a second recession.

Unemployment refuses to yield despite trillions of dollars of taxpayer-funded stimulus.

The words default and U.S. debt – once unthinkable in the same sentence – now harmonize with alarming regularity and require an Atlas-like effort to keep hoisting our nation’s debt ceiling higher and higher.

As for the government programs designed to safeguard the health and financial security of our senior citizens, they have been unmasked as Ponzi schemes so massive that Bernie Madoff’s multi-billion dollar Wall Street fraud is really but a drop in the bucket by comparison.

To whom do we turn to lead us out of this mess?  The President?  The leaders of the House and Senate?

[Read more…] “A Do-It-Yourself Fix For The Economy, Deficit, Social Security and Unemployment”

Turn Off the News and Ignore the Economic Naysayers: You Are Not a Statistic

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The numbers alone can be overwhelming.

Everyday, we are bombarded by news reports – and those who parrot them – reminding us of how dire our economic circumstances are.

Daily Reminders

Consider how demoralizing it is to be constantly reminded that your chances of finding employment – or holding onto the job you still have – dwindles if you have outdated skills, live in certain regions of the country, belong to specific ethnic groups, or have passed your 40s?

Look at the high percentage of fellow citizens who are out of work, or awash in credit card debt, or underwater on their home mortgage, or reliant on food stamps, or lacking adequate health insurance, or holding too little savings (especially if they lose their jobs or face a crisis), or likely will have to live as paupers in retirement.

If you fall into some or any of these categories, why even bother to get up in the morning?  After all, your fate is not your own. You are but a leaf on a raging river, being carried along by forces too strong to resist.

Although millions of Americans, sadly, do subscribe to such can’t-do thinking – and no doubt money misery does enjoy plenty of company – these “helpless” victims of the economy are absolutely wrong.

They are not a statistic and should never think of themselves as such

They are individuals, blessed with free will and living in a country where opportunity remains one of our most abundant natural resources.

Proud Americans
We can heal what ails our country’s economy – beginning one citizen at a time

Personal creativity, willpower, persistence and a commitment to do whatever it takes to succeed are far more reliable social safety nets than unemployment insurance, supplemental nutrition assistance (food stamps), Medicaid or Social Security.  Moreover, they are all well within our absolute individual control.

If you (or a family member, friend or neighbor) are out of work, your unemployment rate is 100%.  If you find a job, or create one for yourself, your unemployment rate drops to zero.

It really doesn’t matter what percent of the population was in the same boat with you when you determined to place your fate squarely in your own hands.

What matters is your commitment and diligent efforts to get out of the boat on your own and serve as a shining example of how others can follow your lead.

We can heal what ails our country’s economy – beginning one citizen at a time.

The Recession is Over… If You’re On Wall Street

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There have been a spate of articles in the financial media recently encouraging retirees to catch up on savings shortfalls by investing as much as 40-60% of their nest egg in the stock market.

These “experts” promote the concept as if it makes perfect sense to make up for your gambling losses by doubling your bets.

Gambling On Wall Street

To me, it’s appalling that anyone would advise those who are already retired to gamble their life’s savings on the volatile, risk-filled world of Wall Street.

But my message – that Wall Street is unstable and potentially as explosive as nitroglycerin – is really not age specific. The stock market can (and will) blow up in your face at any age.

For most Americans – and Wall Street goes to great lengths to hide this truth – the stock market is a promise unmet.

Gambling On Wall Street

The success myth hyped by the financial services industry is like a casino showcasing its big winners, without mentioning that the prize pool derives from the much larger pool of losers who generate huge profits for the operators, but who themselves walk away worse off than if they had stayed at home.

Money isn’t the only price that the Wall Street casino extracts from most investors

[Read more…] “The Recession is Over… If You’re On Wall Street”

Getting to Know Pamela Yellen, President of Bank On Yourself

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In this candid conversation, Pamela Yellen really lets her hair down and reveals things about herself she’s never talked about before.

What kind of driver is Pamela?
What kind of driver is Pamela?
What kind of driver is Pamela?
What kind of driver is Pamela?

In this interview, you’ll learn…

  • Pamela’s early investing mistakes
  • How she first learned about the Bank On Yourself method of wealth building
  • How Walt Disney, J.C. Penney and other influential people have used this method
  • Why Banks use this to meet their Tier One (safe and liquid) Capital reserves requirement
  • Why Bank On Yourself Professionals earn much lower commissions than other forms of life insurance sales
  • Why this concept is not included on insurance licensing exams

    Pamela & her husband Larry
    Pamela & her husband Larry
  • Bank On Yourself “Inc.” doesn’t sell insurance or charge consumers anything…so how does it make money?
  • Introducing the Bank On Yourself Nation…soon to be the center of the universe when it comes to financial literacy education and learning to be self-reliant

So checkout this fast-paced interview now by pressing the play button below, or you can download the interview as an Mp3 and listen on your own player or iPod…

And if you still have any unanswered questions about Bank On Yourself or Pamela Yellen, please tell us in the comments box below…

Grow your money safely and predictability even when the markets crash…

Wondering how the Bank On Yourself method can help you reach your financial goals and dreams in the shortest time possible… without the stomach-churning ups and downs of traditional investments?

Request a free, no-obligation Analysis now to find out. When you request your Analysis you’ll also get a referral to one of only 200 financial representatives in the country who have met all the rigorous requirements and training needed to be a Bank On Yourself Professional.

Bank On Yourself Round-Up for week of July 13, 2011

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Here are short summaries of three of the most interesting and thought-provoking items that have crossed my desk this week.  Enjoy… and tell us what you think!

roundup
roundup

Would you be prepared if you suffered a 30% pay cut?

A shocking new report reveals that the average person’s pay levels off when they’re in their 40’s.  After that, about all you’ll be likely to count on will be cost-of-living adjustments to keep pace with inflation.

That will come as a real surprise to many people who assume their pay will continue to rise as they get older.

And if you lose your job while in your 50’s, you’re likely to remain jobless longer than when you were younger, according to the report.

Salary Cut
Salary Cut

Read this sobering and well documented article from the Wall Street Journal.1

What’s your best self-defense?  When planning for retirement, assume the only salary increases you’ll get will be cost-of-living adjustments.  And identify a worse-case scenario – such as a 20% pay cut during your final ten years in the workforce – and try living on that income and putting the rest into savings.

[Read more…] “Bank On Yourself Round-Up for week of July 13, 2011”