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The Banker's Secret to Permanent Family Wealth: Live your life...And build your wealth...Using the SAME money, by John Cummuta
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You can use this system to accumulate cash, pay off debts, invest, pay business expenses, buy cars, pay for educations, create a post-employment income stream, and more…all TAX-FREE! But I’m getting ahead of myself. Let’s start with a question. Is the American Dream dead…or is it more alive than ever? Well, there are some new statistics that give us a glimpse at the answer. “Middle class Americans now comprise less than half of the nation’s population, down from 61% in 1971,” according to a recent Pew Research Center study. “The share of the population living in the upper-income tier rose from 14% to 21% over the same period. Meanwhile, the share in the lower-income tier increased from 25% to 29%.” Interesting! While America’s Middle class is indeed shrinking, 7% have found a way to move into the “upper income tier,” while 4% fell into the “lower income tier.” There’s obviously something the upwardly-mobile 7% have figured out that the rest of the Middle Class either don’t know or don’t know how to implement. In the majority of cases it’s both. Most people have never heard of this powerful system used by America’s richest families, businesses, and banks to safely and dependably grow their wealth tax-free. Even though this system has been in use for more than a century, it’s rarely offered to working people…until now. This easy-read, illustration-packed book will explain it all to you. You’ll not only “Get it,” but you’ll be able to “Do it.” Author, John Cummuta, has spent the past 25 years teaching winning personal finance strategies all around the world, through best-selling educational courses like Transforming Debt into Wealth and The SMARTEST Wealth System, and through seminars including 13 with the Anthony Robbins Wealth Mastery� program. Now it’s your turn to sit down with John and let him expose The Banker’s Secret to Permanent Family Wealth.
- Sales Rank: #994179 in Books
- Published on: 2016-01-27
- Original language: English
- Dimensions: 9.00" h x .23" w x 6.00" l,
- Binding: Paperback
- 94 pages
About the Author
John Cummuta is also the author of the Transforming Debt into Wealth� System, the Debt-FREE & Prosperous Living� Basic Course, Are You Being Seduced into Debt?, Wealth Machine: How to Start, Build, and Market a Debt-Free Business That Fits Your Life, The Power of Perpetual Income, the Wealth Generator System™, The Credit Solution, Debt-Elimination 101, the Customer-Focused Direct Marketing book, the SPEED™ direct marketing system, the Sales Machine™ database marketing system, and co-developer of the DebtFree™ for Windows� debt-elimination software. His heart is for his fellow Baby Boomers and their children and grandchildren because the weakness of the Social Security system, the insecurity of jobs, dwindling pension plans, the dangers of the stock market, and the money-siphoning strategies of the banking industry have left Middle Class Americans with insufficient resources to achieve financial independence. John’s targeted financial strategies offer a real-world exit ramp from this highway to heartbreak. John has helped more than 3 million people worldwide position themselves to achieve retirements that most people will only dream about. He’s best known for his Transforming Debt into Wealth� system. This comprehensive multi-media learning program teaches working people that the way to financial independence is not through "managing" their debts, but through eliminating them...all of them, including their home mortgage, in as few as 5 to 7 years, using just the money they already make. In this book, The Banker’s Secret to Permanent Family Wealth™, John wants to help you complete the process by explaining exactly what he’s personally doing with his cash flow freed up by eliminating debt payments, and how he’s turning that cash flow into secure, dependable wealth. More than that, he’ll show how to multiply this strategy by passing the system down to succeeding generations, so they too know how to build and keep wealth the way bankers do. This generationally-cascading wealth system makes wealth “permanent” for your family. He’ll even show you how to use this little-known system as a vehicle through which to pay off your debts, while simultaneously building your wealth. John believes this may be the last safe, secure, and dependable place to keep and build your money, in a world where bankers, markets, and governments increasingly enrich themselves by impoverishing income earners.
Most helpful customer reviews
1 of 1 people found the following review helpful.
I didn't know that!!!
By Tony Sarafian
I wish I had known about this information 20 years ago! John Cummuta explains how we have been investing our money in 401K's and IRA's is not safe, and the way we should have been investing is to own your own special policy(your bank). He explains in detail how it's done and most Insurance agents don't write these policies because they don't make much commission's from them. John has been giving financial advice for years on how to get out of debt, and closing our credit accounts and living only on cash. He was a strong proponent for investing as much as you can after all your debt is paid off, but since he and millions of others have suffered great losses from two major stock market crashes he has started pulling all his investments out and putting it into his policies(his own bank). Get this book it will change your outlook on how you have been investing for retirement is all wrong.
0 of 0 people found the following review helpful.
The way of the future!
By Rebecca Sweigart
Wish this had been around years ago when I had first started investing!! Would have gone this route instead of 401k or the stock market.
In 2002 I started John Cummuta's "Debt Free for Prosperous Living" program. Best program ever!! Now he is taking it a step further with investing in your own banking system. You reap all the rewards instead of the bank. Smart!! Plus John is very nice and helped answer a lot of my questions after reading his Banker's Secret book. He is very honest and friendly and helpful. Thanks John for all your help and for the awesome informative books you have written! Becky :-)
0 of 0 people found the following review helpful.
This book totally changed the way I view my finances and wealth building strategies...
By Amazon Customer
This excellent, easy to follow book introduced me to the "infinite banking" concept: how to use a (modified) whole life insurance contract to provide your own financing for all the things you normally purchase. I learned how this account can eventually provide not only retirement income, but a legacy of family wealth that is hard to match, in my opinion. Any serious financial advisor or investor should compare this strategy to what is traditionally recommended for wealth building strategies. I recommend this book most highly.
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