Saturday, December 21, 2013

The Very Secret 770 Account That Sounds Too Good To Be True (But Isn't)

So about that "770 Account" you've been hearing about...


Before I get started on the 770 Account, I want to share with you another little money secret.  It's called a "401" account.  It has no guarantees except that you can and will lose money when the market tanks and eventually you will have to pay taxes on it whether you have a gain or not.

Still interested?


It gets even dicier. Your money in this 401 account is illiquid until after age 59.5 and you have to pay fees on the account (even hidden fees that you know nothing about) for life to Wall Street whether they make you money or not.

Can you guess what it is?!?


If you follow the mainstream financial media you likely have one of these 401k accounts.  You also buy term insurance thinking Whole Life is expensive and have been led to believe permanent life insurance is a waste of money.

Madison Avenue and Wall Street know that if you hear the same thing for long enough, you'll actually believe it's true. Those fat cats are pretty clever, aren't they?

In my honest opinion, only a unwitting person completely unaware of a better option would park their money with Uncle Sam and Wall Street in a retirement account lockbox called a 401k because one entity will tax you for life and the other will bleed your account dry while you take all the risk.
If that's appealing to you, please proceed with your regularly scheduled programming...

The only people getting wealthy from mutual funds & 401k's are the financiers on Wall Street!  


My apologies (sort of) for poking fun at the 401k which the majority of Americans use to fund their retirement.  My point in leading off with it is to point out that a "secret" financial strategy like the 770 Account isn't really much of a secret because it's actually been around for over 150 years.  Depending on how old you are, your grandparents probably had one!  They certainly didn't have a 401k and they were smart enough to not trust the banks.

One important difference between the 770 Account and the 401k account is that you're only familiar with the latter.


The 770 Account is the alternative retirement account that you either have never heard of it before or, if you have, chances are you are most likely misinformed or have yet to be properly educated about the strategy.  (The first giveaway is that you're calling it the 770 Account!)

I can pretty much guarantee you don't understand this proven wealth strategy because the life insurance industry doesn't even teach this strategy.  In fact, it's still so obscure that it's now being called the 770 Account by a newsletter putting a new spin on old registered trademark and people are none the wiser.

And if those in the life insurance industry don't know the in's and out's of this financial strategy (sadly,the majority of advisors use the wrong type of contract), I'm absolutely positive the traditional government approved Wall Street advisor knows next to nothing except what they might have heard about it in conversation from another person who might have only heard a short ad on the radio.  So for the lay person, knowledge about the 770 Account is even more obscure, if that's even possible...

The bottom line is this, the 770 Account is very much a secret if you call it by that name.  Lately I've been seeing videos on the internet for a secret investment that of course sounds too good to be true.  It's called the "770 Account" or "the Presidential Account" but it's best known as the Infinite Banking Concept® (or IBC for short) which is the original trademark and the trusted source behind this strategy.

For those that already think they know what the Infinite Banking Concept is about, I'm going to stop you in your tracks.  Infinite Banking is more than a Whole Life contract which is simply a product that combines a tax-favored savings component under IRS code 7702 (get it?) with a death benefit to boot.

Brace Yourself...


The 770 Account is BY FAR not too good to be true because it's actually safer, 100% liquid, and more predictable than any other type of wealth accumulating strategy that exists.

The Infinite Banking Concept® is the only strategy by which you can eliminate uncertainty (Wall Street), usury (bank financing), and taxes (the IRS) from your life forever.

What could be better than the 770 Account (Infinite Banking)?!?


Answer this riddle and you will know:  It's more powerful than God. It's more evil than the Devil. The poor have it. The rich need it. If you eat it you will die.   (Answer below.)

This is what the 770 Account visually looks like (click to enlarge):
Banking is a Proce$$

As an IBC Practitioner, I teach this strategy in my practice and I've seen the impact it has had in my clients lives.  The "770 Account" is the mother of all foundations for wealth building. Why? Because it can give birth to new investments without opportunity cost.  Your money is always working for you even when you deploy it somewhere else!

Educate yourself by doing your own research about the Infinite Banking Concept.


Don't believe the online jokers on message boards who know nothing about Whole Life contracts.  This includes the typical Wall Street advisor paid to sell you mutual funds or the lay person who only buys term because they've never learned how wealthy people accumulate tax-favored money in these accounts using very specific riders to turbo charge the cash values.

For a better understanding of how the 770 Account works, talk to an IBC Practitioner who can teach you the concept.  You can verify my affiliation with the Infinite Banking Institute by clicking here: http://www.infinitebanking.org/finder/   Best of all, you won't have to pay a monthly subscription to a newsletter for learning how you can benefit.

… the answer to that riddle: nothing.

And by the way, the most common lament I hear from people once they learn the truth about the 770 Account/IBC is that they wish they would have known about this decades ago.  (Just heard it again this morning from a 64 year old gentleman wanting to get started and is two years from retirement.  If this sounds similar to your situation, a different version of the 770 Account is your best bet.  Ask me about it.)

Do yourself a favor and get started today.  You'll thank yourself later (and your kids and grandkids will, too).
Screen Shot 2013-12-21 at 10.47.57 AM

Best,





John A. Montoya
JLM Wealth Strategies, Inc.
john@JLMws.com
(925) 386-6639 Office
Bank On Yourself™ Authorized Advisor
IBC Horiz-Med


Friday, December 13, 2013

Evolution in Teaching Math


Evolution in Teaching Math

Last week I purchased a burger at a fast food restaurant for $1.58. The counter girl took my $2 and I was digging for my change when I pulled 8 cents from my pocket and gave it to her. She stood there, holding the nickel and 3 pennies, while looking at the screen on her register.

I sensed her discomfort and tried to tell her to just give me two quarters, but she hailed the manager for help. While he tried to explain the transaction to her, she stood there and cried.

Why do I tell you this? Because of the evolution in teaching Math since the 1950s:

Teaching Math in 1950s
A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price. What is his profit?

Teaching Math in 1960s
A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price, or $80. What is his profit?

Teaching Math in1970s
A logger sells a truckload of lumber for $100. His cost of production is $80. Did he make a profit?

Teaching Math in 1980s
A logger sells a truckload of lumber for $100. His cost of production is $80 and his profit is $20. Your assignment: Underline the number 20.

Teaching Math in 1990s
A logger cuts down a beautiful forest because he is selfish and inconsiderate and cares nothing for the habitat of animals or the preservation of our woodlands. He does this so he can make a profit of $20.
What do you think of this way of making a living?

Topic for class participation after answering the question: “How did the birds and squirrels feel as the logger cut down their homes?” (There are no wrong answers, and if you feel like crying, it's OK.)

Teaching Math in 2009
Un hachero vende una carretada de maderapara $100. El costo de la producciones es $80. Cuanto dinero ha hecho?

Teaching Math in 2013
Who cares, just steal the lumber from your rich neighbor's property. He won't have a gun to stop you, and it's OK anyway ‘cuz it's redistributing the wealth.

Source: Unknown