Creates Tax-Deferred growth and takes advantage of the miracle of Triple Compounding of your family's wealth. Creates Tax-Free income in perpetuity for your children and grandchildren. Allows the family to create their own charitable gifting program. Creates the most money for your heirs with the least amount invested. Builds a Cash Reserve of liquid money when needed for capital purchases. Is a defensive financial strategy to be protected and be prepared for unexpected challenges in life. Prepares a family for the economic events of dying too soon or living too long. The informed family understands the concept of "Lost Opportunity Dollars" (LOs). They realize that once a dollar is spent or lost, it is gone forever, and so is the opportunity for that lost dollar ever to produce future income. They plan ahead. I have heard one couple tell me that "Life is like a baseball game. Cover your bases, have a good offensive plan and a great defensive plan". Plan for the unexpected and build an emergency fund. They do those things today that others will not do, so you can do those things tomorrow that others cannot do. Go back to page 39 and get a grip on the twelve major adversaries of wealth creation. I believe a person will truly create more wealth by managing his/her losses versus chasing higher returns. Wouldn't it be great if everyone discovered this truth? Financial security is a matter of choice, not of chance.
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