“Most people are too busy living their life to realizing that to put life in their living they spend planning their lives.”
Frequently I am asked the question, “What is a good investment to make?” You too may have often asked this question.
Just keep reading and you will soon find out what I’m bullish about when it comes to investing and why.
Unfortunately, when persons ask this question they are usually not prepared to invest. You see in order to invest you must first have money. That’s right you need money to invest and you can only get money to invest by saving a portion of your income every pay for this purpose. If you have no savings, then you can have no investment. You can’t invest what you don’t have.
So the first step in investing is to save some money! Not every now and then, but consistently and systematically. You should save a portion of every pay cheque you get. Here’s a simply formula that I like and that will help you get started. After receiving your pay check why not start setting aside 10% for saving, 10% for investing and 10% for giving (tithes), and then manage your expenses so that they are covered by the reminding 70 percent of your pay. And if you need help, “Taking Control of Your Money” workbook is a great resource to get you started
I know as you read this you are probably feeling that it won’t work for you but even if you have no money, or heavily in debt, it’s important to start now to correct your situation and come up with a plan to cut your expenses and maximize your savings. You have absolutely nothing to lose and everything to gain by trying this formula. So why not decide today to take time out and begin to properly managing your money! It’s one of your most important resources.
Secondly, you must realize that investing is risky business. You can lose your money. Therefore, you should only invest from money that you can afford to lose. That is why following the recommended formula is so important, as it separates your savings from your investment funds.
Now that you have some money to invest, let me tell you about aninvestment that I am bullish about. It is a product outside of stocks and mutual funds that allows you to:
Make “risk free”investments by guarantying your Principle. Make money on your money while diversifying your investmentchoices. Get a guaranteed return on your investment. Provide an immediate inheritance for your family Continue to provide for your loved ones even after you die. Create future income with minimal monthly contributions. Guarantees repayment of loans. Make “penalty free” withdrawal of cash. Get low interest loans.
The only investment product that provides all these comforts is a Whole Life Insurance policy. It is an invaluable tool and you should be sure to include it as the foundation of your investment portfolio.
A Whole Life insurance policy has both an insurance component and a savings component called cash values. It provides life insurance protection for your family in the event that you die, but it also accumulates cash value over time which makes it an excellent source of savings and for funding future needs such as making a down payment on a home, paying off a mortgage early, retirement funding, starting a business, or funding your children’s education. You pay one easy monthly premium for the insurance policy, a part of that premium is used to pay for the insurance coverage and the remaining part of the premium goes toward the investment savings. This savings portion of thepolicy is invested in one or more investment vehicles (stocks, bonds, mutual funds, etc.) that the insurance company select and the investments chosen will generally provide a better rate of return than a bank savings account. Also the cash value of your policy is available to you if you need money.
In addition to the protection and savings provided, you can restassured that your premiums will not exceed your returns. In the earlier years, your account will not reflect this, as there are certain items such as reserves that must be established at the onset of a policy. As well as administrative and commission expenses which are higher in the earlier years but in a few years your cash value should begin to grow and with the help of compound interest continues to grow.
I must caution you that all whole life policies do not offer the same rate of returns or low interest rate on loans. That is why reading the free reports:
“The Truth about Life Insurance and Why You Don’t Need “One” and “Your Best Bet for 2008 and Beyond”, are tools that will enhance your understanding.
The more you understand just how valuable a Whole Life Insurance policy could be to your life, the less you will think about delaying its inclusion in your investment plans. You don’t realize it yet but after a few short minutes of reading these report you’ll realize that it’s a good investment to make!
“Most people are so busy knocking themselves out trying to do everything they think they should do, that they never get around to doing what they want or need to do.”
Copyright © 2001 – 2009 – Glenn S. Ferguson
