026: M.C. Laubscher: Wisdom Wednesday! The Case Against Qualified Retirement Plans, 401K's and IRA's
In today's episode we look at the Sacred Cow of American retirement, qualified plans that include 401K's, 403B's and IRA's. Most Americans have all of their money allocated for retirement in qualified retirement plans and their homes. I discuss why I think that these vehicles are some of the riskiest financial vehicles. Journal Your Gratitude: Bestselfco., Make Success a Habit! Use the Self Journal to organize and align tactical day to day tasks with larger life goals. Quote: “Do you really want to invest in a system where you put up 100 percent of the capital, you, the mutual fund shareholder, you take 100 percent of the risk, and you get 30 percent of the return?” - John Bogle, founder of The Vanguard Group Recommended Book: 401(k)aos by Andy Tanner Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity by Garrett B. Gunderson Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming...And How You Can Prepare Yourself and Profit from It! by Robert T. Kiyosaki Recommended Resources: John Bogle: The “Train Wreck” Awaiting American Retirement Show Sponsors: Audible, download any audio book for free when you try audible for 30 days. Leadpages, is offering a free marketing automation course that includes:12 video modules with step-by-step strategies to leverage what’s working in your business. Thrive15.com, get a free month of access at www.thrive15.com/cashflow Show Transcript - coming soon Have some feedback you’d like to share? Leave a note in the comment section below and please share it using the social media buttons you see at the bottom of the post! If you enjoyed this episode of our podcast, please leave an honest review for The Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. John Lee Dumas of EOfire.com made a video explaining how to leave a review you can watch here. You can also access step by step instructions how to subscribe, rate and review on Itunes from Apple here. Thank you for supporting our podcast and sharing it with friends and family! Live a Life of passion and purpose on your terms, M.C Laubscher