Only 32% of the people in the US save money in a 401k plan and 68% of most people do not even have a 401k plan. You work your whole life to make and save money why are we so worried about our 401k to retire old and give your money to the government. Do you think Donald Trump is worried about a 401k plan? I bet not because he has created over 500 LLC that make money every day 7 days a week 365 days a year.
So, who is really doing this right?
You probably already know if you take money out of your 401k early you get hit with a 32% penalty. But did you know if you DON’T take your money out of your 401k at retirement you get hit with a 50% penalty? Have you ever asked the question why? Well, it has to do with taxes and the government wants their money. Did you know that the government is thinking about using your retirement money for government projects, whose money is this really yours or the governments? “At the time I am writing is the government has not taken over your 401k yet” but they are looking at it. I am not trying to scare anyone I am just informing you that a government is a bureaucracy they are not looking out for your best intrust.
I am also not saying to stop your 401k plan it's still can be used as another income stream when you retire, as long as the government does not get their hands on it. Your 401k plan can make a lot of money when you retire so keep it going, just create other streams of income, so you have a backup plan if your 401k plan fails.
This is the reason why I created multiple streams of income because I don't want to depend on one source of income. I know the future is changing and I am changing with it, what about you? Come and join my team as we can learn from each other and create multiple streams of income to become financially free and not become dependent on someone else or a government.
This is Jason Gerald and I hope to see you on the beaches with me drinking a beer over our success.
``The secret to success is learning how to use pain and pleasure instead of having pain and pleasure use you. If you do that, you're in control of your life. If you don't, life controls you.`` ~ Tony Robbins