The Secret To Getting Rich

Build your own streams of income

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Subscriber, Let’s face it: Most Americans aren’t getting rich. In fact, compared with the mid 2000s, things look downright depressing. The Federal Reserve conducts the Survey of Consumer Finances every three years. The data they compile is catnip to number nerds like me. The survey asks Americans questions about retirement accounts, savings accounts, debt, pensions, income, and a host of other things. The most recent results show that only one age group — those 75 and over — increased their wealth between 2004 and 2016, improving their lot by 27.7%. The next oldest group, those 65 to 74, went backward by 7.3%. Everyone else took a bath. Those under 35 dipped 38.3%, the 35 to 44 set lost 32.3%, and the 45 to 54 group gave up 32.8%. Those closest to retirement, ages 55 to 64, took the biggest hit. They had 41.4% less in 2016 than they did in 2004. Maybe you’re one of them. We can debate why or how we got here, but it won’t change the fact that we’re here. So… Now What? How do millions of Americans pay their way – from education through retirement – if they aren’t accumulating assets? Another good question along the same line is, how do we provide the benefits these Americans have earned and will demand when our entitlement programs go broke? The answer to both is simple. With our current financial structure, they won’t pay their way and we as a nation won’t support them in retirement. As the old economist Herbert Stein said, “If something cannot go on forever, it will stop.” If a situation can’t continue, it won’t. In this context, the change is obvious. The government will step in with greater force, adjusting the levers of financial incentives and distributions. That’s a fancy way of saying, get ready for higher taxes. The time to start preparing is now. Create Your Own Income You can build your own streams of income to protect against the government cutting your benefits because it determines you have too much already. You can create your own assets. And you can minimize your taxes to thwart higher payments in the years ahead. This is the same thing the ultra-wealthy have done for hundreds of years in this country, and it’s an idea which Dent Research’s retirement guru Charles Sizemore is talking about right now. He’s on the same page as me when it comes to knowing the value of creating income streams for yourself. In fact, I helped turn Charles on to the income-generating secret he’s sharing with readers right now. It’s an overlooked investment vehicle, one that some of America’s most famous families have used to create generational wealth. The good news is it’s available to everyday investors too. Click here to see what Charles has to say about it, and learn how to boost your income right now and best position yourself for the years ahead. Rodney

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