Contrarians Retire Far Earlier
By Mike Johnson
The seed of my investment success was planted on November 22, 1963. I was participating in our first grade reading circle when it was announced President Kennedy had been murdered. Being a Friday afternoon, school was cancelled and I went home to a weekend filled with weeping adults, shaking their heads, transfixed on the television. Even then, at age 6, something felt drastically wrong.
Six years later, I read “Rush to Judgment,” the first of hundreds of
books that challenged the government’s version of the assassination.
Since then, I have invested thousands of hours researching and studying that event. It destroyed my trust in authorities and “experts” forever.
I continue to be amazed that mainstream media still spouts the official story which is such an obvious lie. Becoming my own JFK assassination expert taught me that people in suits, on national television, can look very authoritative and confident while speaking total and complete nonsense. I’ve been a contrarian ever since.
The same scenario is happening today concerning the state of the economy and your retirement. Television financial “experts” tell us the economy is fine and the only way to retire is to work decades while sending a chunk of our hard-earned money to “experts” who will “invest” it in digital and paper accounts. My 10,000 hours of research here tells me the exact opposite.
These “experts” promise that if we give them enough real money, over enough years, at age 65, we’ll be able to stop working and live off our nest egg. They never mention that returns on our investments are so low now that even the people who followed their advice for decades still can’t retire.
Even worse, our “nest egg” doesn’t even really exist! It’s just an
official-looking piece of paper that says we have so much money in these accounts. None of that is real money until we start drawing it out. And if we start drawing it out before we’re 59 1/2 years old, there are big penalties.
If our money in these accounts is actually real, and actually ours, why are there rules preventing us from spending it for decades? They don’t want us withdrawing that money because they already spent it paying themselves fees for purchasing over-priced and over-leveraged paper and digital “investments” to get us a decent “return.” If just 3% withdraw their money, there won’t be enough liquidity left for us.
Now consider the biggest population bubble in US history is reaching retirement age at a pace of about 10,000 people a DAY. That’s a lot of withdrawals occurring RIGHT NOW. A massive financial “reset” is a certainty. The only question is when. In the meantime, the purchasing power of your investments is melting nearly 10% per year (ShadowStats.com).
Groups always go insane before individuals. Failing to realize this is
going to cost millions their retirement savings. It’s a spectacular
tragedy that is unfolding right now. But it doesn’t have to happen to
you. You can become your own financial expert. And you MUST. It’s the only way to protect your life savings.
Here’s an article I’ve written that shows you how to make that happen:
Your Best Retirement Plan: One Good Property
If you want to learn the actions I took to retire early with passive
income follow this link:
The Million Dollar Letter
The Amazing Power of Income Property Math
By Mike Johnson
Follow the above link to learn how income property math easily trumps paycheck math, business ownership math and saving/investing math.