I'm going to make a very bold statement that I can – and will – back up: Americans have been brainwashed into believing they must accept risk, volatility, and unpredictability to grow wealth and have a comfortable lifestyle in retirement.
Here are the four biggest wealth-destroying lies Wall Street is telling you… and what you can do about it
1. Four Lies Wall
Street Is Telling
You That Are
Destroying Your
Wealth
BANK ON YOURSELF
by Pamela Yellen
2. Protect Your Financial Future
Americans have been brainwashed into
believing they must accept risk, volatility, and
unpredictability to grow wealth and have a
comfortable lifestyle in retirement
Bank On Yourself by Pamela Yellen
3. FOUR BIGGEST WALL STREET LIES
•Long-term return of stock market
•Rate of return matters
•Hire an expert for better results
•“Saving” and “investing” are the same
Bank On Yourself by Pamela Yellen
4. WALL STREET LIE #1
“You can come close to getting the long-term
return of the overall stock market”
FACT: The typical equity mutual
fund investor has been losing 1% a
year for the past 20 years
Bank On Yourself by Pamela Yellen
5. WALL STREET LIE #2
“The rate of return is paramount
to investing”
FACT: Numbers don’t lie but liars use
numbers. An average annual return
percentage does not reflect what you
really have in your account
Bank On Yourself by Pamela Yellen
6. WALL STREET LIE #3
“Hire an expert for better results”
FACT: 80% of investment
advisors and mutual funds
underperform the overall market
Bank On Yourself by Pamela Yellen
7. WALL STREET LIE #4
“Saving and Investing are the same”
FACT: Most people “invest to save,” and
as a result, have no idea what their nest
egg will be worth when they plan to tap
into it
Bank On Yourself by Pamela Yellen
8. IS YOUR FINANCIAL PLAN ON
TRACK?
If your money didn’t grow for 20 or more years, or
even went backwards . . .
could you live with that?
Bank On Yourself by Pamela Yellen
9. THERE IS A BETTER WAY
You don’t have to risk your
money in order to grow it . . .
Bank On Yourself by Pamela Yellen
10. For more
information on
BANK ON YOURSELF
by Pamela Yellen,
please visit
www.BankOnYourself.com
To take the $100,000 challenge, visit
www.BankOnYourself.com/challenge
11. BANK ON YOURSELF
by Pamela Yellen
Pamela Yellen is a financial security expert
who has researched over 450 financial
products and strategies. She has been
interviewed on numerous TV and radio
shows, including CNN and WGN
SuperStation, and has written articles and
been featured in hundreds of publications,
including USA Today, Fortune Small
Business and The Chicago Tribune. Her
New York Times, Wall Street Journal, USA
Today and Business Week best-selling book
has earned the endorsements of top wealth
experts.