Do “Bank On Yourself” and “scam” even belong in the same sentence? To read or listen to some self-appointed experts, yeah, they do belong in the same sentence. It’s difficult for the naysayers to recognize such traits as patience, discipline, and self-restraint – the very traits that are prized by those who use and benefit from the Bank On Yourself method of safe wealth-building.
The naysayers would rather say, “It sounds too good to be true, therefore it is too good to be true.” But if something is “too good to be true” just because it sounds “too good,” then what about radio and television, motion pictures, airplanes, and even ballpoint pens? At one time or another, every one of those sounded too good to be true.
When something sounds too good to be true, examine it carefully and thoughtfully. That’s much smarter than running away from it with a closed mind.
Why Do Some People Dismiss Bank On Yourself As a Scam?
Here are the Bank On Yourself reviews of two of our hundreds of thousands of happy Bank On Yourself clients …
Steady Growth of His Savings Replaces a Rocky Ride for Bank On Yourself Reviewer
Dan Proskauer is an engineer with a graduate degree from Cornell University, the highest-rated engineering school in the Ivy League. Dan works for a major healthcare company, and he holds three U.S. patents.
Dan is a sophisticated investor. He lives below his means, and he’s disciplined about saving for the future. But after the financial crashes of 2000 and 2008, Dan realized he had nothing to show for decades of saving and investing his hard-earned money and “doing all the right things.” [Read more…] “Read These Bank On Yourself Reviews from Actual Clients”
In their own personal YouTube reviews of Bank On Yourself, actual users of the Bank On Yourself strategy describe the different ways they use this flexible tried-and-true financial resource. We’ve collected some of these reviews in our YouTube Bank On Yourself Reviews Playlist.
Perhaps you want to be able to seize an unexpected opportunity that requires ready cash, or pay off student and credit card debt, take a once-in-a-lifetime vacation, finance the purchase of an automobile, or even underwrite the crowdsourcing of a church major fundraising campaign. These Bank On Yourself reviewers tell you how they did it.
Even with the run-up in the stock market and housing prices, half of all American households are at significant risk of not being able to maintain their current standard of living after retirement.
That’s only slightly better than the Center’s National Retirement Risk Index showed in 2010, in spite of a 45% inflation-adjusted increase in the stock market and a 6% increase in home prices since then.
I just recorded an inspiring interview with Grammy-nominated contemporary/pop and rhythm and blues recording star – and Bank On Yourself client – Karyn White.
Grammy-Nominated Singer Karyn White Seizes the Day with Bank On Yourself
Karyn was in her early 20’s when she became the first female artist to have her first three solo releases hit #1 on the R&B charts. She collaborated with industry legends including Babyface and L.A. Reid, before devoting herself full-time to raising a family.
After an 18-year hiatus, and a fan base that never forgot her, Karyn decided to record again. Only this time she decided to produce her new CD album, Carpe Diem, herself – and pocket the profits the record companies used to make off of her.
In this interview, Karyn reveals:
How she used her Bank On Yourself plan to finance her new CD herself (and why she probably wouldn’t have been able to do it otherwise)
How making the right choices about money puts you in the position of being able to take advantage of opportunities that will inevitably come your way
Retired Navy Commander, Robert Chambers, first came to our attention when we invited Bank On Yourself policy owners to share their stories with us.
Retired Navy Commander, Robert Chambers
Commander Bob wrote, “I can’t tell you enough how this has changed my life, but also the lives of every generation to follow.” Bob, who fully retired before he turned 50, notes that…
Retirement isn’t only about money; it’s about gaining financial independence, living a comfortable lifestyle and leaving a legacy for future generations.”
Since AAII said they would not publish my response or correction of the misinformation contained in their review, I told them I would publish it here and let YOU be the judge of whether AAII was twisting and omitting things… or being fair and unbiased.
So I picked ten (the winners are listed at the end of this post – check to see if your comment was one that was chosen). And I’ve excerpted from a number of the comments here, so I can share some of the highlights with you.
Jeffrey summarized the thinking of many commenters about AAII this way:
AAII naturally committed the typical strategic blunders essential to the charade proposed by the investment industry (Wall Street) and financial professionals (a.k.a. traders, gamblers, speculators, etc.). Any attempt to allow people an opportunity to truly grow wealth, reduce risk, and prepare for a more stable environment challenges the status quo of buy and lose (commonly referred to as buy and hold) and then industry pundits (AAII) start the negative attacks in order to establish fear of finances and preserve their base of profits. AAII omitted important aspects of your plan, distorted facts of your plan to promote obfuscation, and blatantly twisted all aspects of your plan in order to destroy your credibility.
Thank you for presenting people with an opportunity to actually prepare, plan, and realize a better financial picture.”
It was almost two years ago that Dan Proskauer – a Vice President of technology engineering for a major health care company who holds three U.S. patents – first heard of Bank On Yourself.
Dan lives below his means, has significant savings discipline, and is a sophisticated investor. But when the financial crisis hit, Dan realized he had nothing to show for decades of saving and investing his hard-earned money and “doing all the right things” we’ve been taught to do.
Dan Proskauer
He felt angry, betrayed… and willing to open his mind and find out if there was something better out there.
Dan is very analytical and has since spent literally hundreds of hoursinvestigating Bank On Yourself. He has already started seven Bank On Yourself-type policies because, as he puts it, “the more I look into Bank On Yourself, the better it looks.”
Dan recently contacted me and generously offered to share his findings with you. Whether you already use Bank On Yourself, or you’ve been considering adding it to your financial plan, you’ll learn something of value from this interview. You can listen to the interview by pressing the play button below, or you can download the entire interview as an MP3 and listen on your own player or iPod…
The surprising result of Dan’s research into the rate of return of a Bank On Yourself-type policy – and why he feels the additional “intangible” benefits make it the best way to build a financial foundation in both good times andbad
Why Dan has seven different policies – and is getting ready to start more
Why Bank On Yourself will hold its own against things people worry about – including inflation, deflation and fluctuating interest rates
The two downsides to Bank On Yourself that Dan found
Why Dan believes it’s critical to use a Bank On Yourself Professional to set-up your policy… and how getting knowledgeable, on-going coaching and advice can result in your having far more wealth over your lifetime, while ensuring you don’t lose the tax advantages of Bank On Yourself
Why Dan – like hundreds of thousands of others who use the Bank On Yourself method – says the onlyregret he has is that he didn’t know about this sooner
Dan’s advice to anyone who’s still sitting on the fence and hasn’t started yet
You can listen to the interview by pressing the play button below, or you can download the entire interview as an MP3 and listen on your own player or iPod…
The more I look into Bank On Yourself, the better it looks.”
– Dan Proskaur
The ultimate financial security blanket
If you haven’t started to Bank On Yourself yet, it’s free and there’s no-obligation to request an Analysis and find out what your bottom line numbers and results could be if you added Bank On Yourself to your financial plan.
When you request your Analysis, you’ll also get a referral to one of only 200 financial advisors in the country who have taken the rigorous training and meet the requirements to be a Bank On Yourself Professional, like the one Dan is working with.
Request your free Analysis now, so you can have the peace of mind that comes with knowingyour financial future will be one you can predict and count on!
We want your feedback! Tell us what below what YOU think of Dan’s interview below…
The recently released paperback edition of Pamela Yellen’s first book on the Bank On Yourself concept will debut at #3 on the coveted New York Times Best-Seller List on April 11.
It also hit #2 on the USA Today Money Best Seller list for the week ending March 28th.
The hardcover edition was released a year ago and immediately hit the USA Today, Wall Street Journal and Business Week best seller lists.
Finance and investment expert and New York Times best-selling author, Martin Weiss, Ph.D., recently interviewed me. You can listen to this fast-paced and timely interview by just turning up your speakers and click here.
Dr. Weiss wrote the subscribers to his “Money and Markets” newsletter about how he had just read my book and felt it has excellent advice on “coping with low investment income in tough times.”
