Bulletproof Retirement

OK just got another email from Martin at Bullet Proof Retirement.  I like this guy.  Apparently he sits  and bashes out words  just like me every day.  But the difference being he thinks  he actually has something to say.  It seems that he is no doubt into the internet marketing game which is attached at the hip to every business today, but also at the same time, just like our friend Mia at rothiul.com very much and very deeply studied and experienced in the ins and outs of whatever his favorite investment vehicles are at this time.  

Sounds to me like he's about 25 years old but he could be 35 or 45 but I don't think he's 55 or 60.  And myself being 60 well let's just say I'm on deck or in the hole or maybe even coming up to bat or maybe looking at many years of sickness and ill health if the winds of fate blow one way or the other.

So here is Martin's letter from this morning.  I write back to him and sometimes he answers.  He is a busy man and may be somebody I want to pull onto my team.

From Martin at Bullet Proof Retirement.

Most retirees in America subscribe to the large, shiny nest egg philosophy. 

This is the idea that if you scrimp and save enough while getting the best rate of return possible, then you will have a successful retirement. 

Part of the reason most Americans think this way is because of the multi trillion dollar Wall Street marketing machine. 

Since the 1970's they have been bombarding the public with the message that a big nest egg will unlcok the American dream. 

The reality however is the exact opposite...

For many Americans scrimping and saving leads to the American nightmare.

This scarcity mindset leads people astray in several ways. 

First of all, most large nest eggs will have to be taxed, significantly reducing the amount that is actually spendable. 

Taxes are the largest expense most Americans face, but most people don't have a strategy to reduce this burden at all...

They will clip coupons and drive the extra mile to save a few cents on gas, but they won't do anything to reduce their tax burden that costs them hundreds of thousands or even millions of dollars!

The second problem with nest egg chasing is that you're forced to take huge risks always having exposure to the uncertainty of the market. 

Every few years when the next market crash hits, people are always shocked like it's never happend before. 

The reality is that if your strategy doesn't protect you from the inevitable downturns like we're in right now, then you will likely lose a great chunck of your savings right before you need it the most. 

As Warren Buffet likes to say, when the tide goes out it's clear who's swimming naked. 

The final issue with nest egg chasing is that people often time give up responsibility to others, crossing their fingers and hoping it works out. 

They trust blindly that their advisor can navigate the choppy waters and steer them to great returns. 

(Spolier alert: the statistics show that that most advisors can't beat the market. They're dead weight, usually dragging you down with excessive fees.)

They trust the market will go up high enough and stay up long enough for them to cash out. 

They don't have any guarantees where their income will come from. 

The income retirees however, are in an entirely different situation.

They focus on one primary thing. 

Cash flow. 

When they can create assets that guarantee their income stream, now they know down to the exact penny how much they are getting paid, and what kind of lifestyle they can support. 

There is absolute certainty in the outcome. 

If you want to create a retirement focused around cash flow instead of chasing shiny nest eggs, let's talk. 

To income that flows like the Nile,

Martin

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God bless America.