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Hello Friends! In today’s video I present 2 simple ways to protect your wealth. For many people this is a very low priority until …

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-----Contents of this video-----------------------------------

0:00 - Intro

0:15 - #1 - Save and Invest for Your Retirement

0:40 - ERISA act of 1974

1:53 - #2 - Have all the needed Insurance in place

3:08 - Help Requested

3:28 - How do You protect your wealth?

3:36 - Watch this next 

These may not be as fancy as buying  a new car for example, but they will help you stay wealthy as long as you live and even beyond that.

1. Save and Invest For Retirement

Did you know that no creditor can access your retirement accounts like 401K, IRA, Roth IRA. The retirement plans are protected under the ERISA Act of 1974, which stands for Employee Retirement Income Security Act.

Not only are you protecting the money from creditors, but you are also protecting them from yourself. A lot of people when accumulating a substantial amount of cash they have a tendency to go and blow it on things like a fancy car and other depreciating assets. 

Savings and investing for retirement is really protecting your future and assuring a stable beautiful financial future.

According to synchronybank.com Median retirement savings for Americans in their 60s is $172,000. While that may seem a lot, it is really not. How long will that last you? 2 years, 5 years, and then what, are you going back to work? https://www.synchronybank.com/blog/median-retirement-savings-by-age/

I would rather save and invest now while I can then go back to work later in my retirement.

1. Have all needed insurance in place
2. This may seem as a burden and a big expense now, but it can really protect you.
3. What if you get in a car accident and you do not have car insurance, you have to come up with thousands of $ to fix the damages
4. What if in that accident you are also injured and now you also do not have health insurance. This can get you bankrupt. Medical bills are #1 cause of people going bankrupt in the U.S.
5. What if you GOD forbid, you die in that car accident and you do not have life insurance (by the way, you are the only provider for your family); you are now living your family struggling financially and possibly, risking being homeless.
6. Do not be one of those people that is not covered by insurance in the major areas where you need insurance. 
7. Now you may say why, but later you will say thank you when a hurricane destroys your house and you are fully covered by insurance.

My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)

You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK

*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the