Perform your own CPR. In this episode, I'm going to address how to create your own economic
stimulus better than big government can.
So, my name's Doug Andrew, I've been a financial strategist and a retirement
planning specialist for more than 47 years and so I've watched many Americans suffer because
of ups and downs recessions boom times in the economy and I remember back from 2000 to 2012.
In fact, it's referred to in the financial services industry as the lost decade. It's actually 12
years because there are a lot of Americans who were just working hard and sort of following
the herd putting their savings in traditional IRAs or 401ks in the market. Because they were told
the market always comes back. Now the problem is most financial advisors most asset managers
are not able to illustrate predictable cash flow or income during retirement.
See, wall street was built to grow money but not to create predictable cash flow. Because
if you ask you know wall street, "When's the best time to sell?", they will say, "Never".
You need to rethink your thinking and so about five years before retirement I would teach a lot
of people that at retirement planning is something totally different than maybe what you did for your
retirement planning. But a lot of people in 2001 to 2003 felt like they had lost their future.
They saw a million-dollar nest egg and IRAs 401ks in the market dwindled down
to 40-50 percent of that. A million went down to $600,000, they had to put off retirement seven years.
Because it took until 2003 to 2007 and make back what they lost. See, when you lose 40%
a 40% oss has to be followed by a 67% gain to get back to break even. So,
that means 600,000 after you lose 40% has to grow by 400,000
or 67% to get back to a million. It took until 2007 for that to happen then what
happened in 2008? As Warren Buffett put it he said, "When the tide went out", in 2008 it revealed he was
swimming naked is the way he put it, "People were not protected from the market volatility", and they
saw their million-dollar nest egg go down in value to 600,000 again for the second time in a decade.
It took four years until 2012 to get back to a million. Now, those people using my favorite vehicle
the laser fund. They were not affected by the economy tanking twice in that decade.
Many of them their million had grown to two and a half million some even three million dollars
earning rates of return in excess of 10% tax-free. Meaning, that when most Americans were barely back
to break even with a million-dollar nest egg after 12 years that's why it's called the lost decade.
People using the laser fund had two and a half to three million that could generate
150, 200,000 even 300,000 a year of tax-free income triple what people were experiencing if they had
their money in the market. So, let me share with you how to create your own economic stimulus. So, back
in 2008 when people suffered up to 40% or more loss. I know some people lost 50 percent.
Obama had just become president and he was passing stimulus packages. In fact, President Bush
just before had passed a stimulus package. We see big government try to spend their way out
of problems or issues. This is also what's been happening in the years 2020 to 2021 with the Covid
19 pandemic stimulus spending. The problem is the government passes trillions of dollars of spending
where is the money coming from. Now, when government spends money they have two basic choices. They
either print more money which causes inflation or they tax people with higher tax rates and they
act like, "Oh, we're not going to raise taxes on the middle income. We're not going to affect the little
guy. We're just going to tax the higher income earners couples making over $400,000."
No, it affects everybody. The hidden tax is inflation. Because the little guys in order to buy
gas to go to work or food just to feed their family. When they see gas go from two dollars a
gallon, to three dollars a gallon, to four dollars a gallon, those are like 100% percent increases
in gasoline. Same thing with food, that's a hidden tax. Politicians get away with saying, "Oh, we didn't
raise taxes", well they did indirectly because they're printing money to try to cover the debt.
Economic stimulus with big government never works. So, back in 2008-2009, I created a 21-page
e-book. It was called create your own economic stimulus plan. Save yourself because big government
can't and as I was revisiting this recently I realized that it's almost deja vu. The government
is trying to spend its way out and they're trying to pass things as Covid relief when
less than 10 percent of that multi-trillion dollar package actually went to Covid relief.
The same thing with infrastructure. Very small percent actually goes to bridges and highways.
But the government does this in order to try to create artificial stimuli in the economy
thinking that everything's going to be hunky-dory and it's like a sinking ship that's going down
and they think they're going to somehow make their ship come back level again
by adding more and more debt. No, I want you to be able to be protected to board a lifeboat so
to speak. So, let me share with you what you can do to take ownership of your future instead of
relying on government to bail you out. So before I share with you why I think the government is
like chugging on an energy drink like red bull or the like. Let me show you how you can learn
more. If you know somebody that you should share this video with please do so. Post a comment, click
like, subscribe to this three-dimensional wealth channel, why? Because I post an in-depth answer to
a financial question almost on a daily basis on this channel and I'm passionate about providing
you with insights into opportunities that maybe you did not know existed before. So, I want to
empower you, I've been blessed and honored in my life to have written 12 books and some have become
not only bestsellers but new york times wall street journal number one bestsellers in 2007.
But my most recent book that's flying off of the warehouse shelves. It's in its eighth
printing third edition is called the laser fund. I don't wanna sell the book to you. I wanna gift
you a copy. It's 300 pages, it's actually two books in one. This white side is 200 pages 14 chapters
with all the charts and graphs and explanations of how to diversify and create the foundation
for a tax-free retirement, instead of relying on government. If you're more of a right brain
learner you learn by stories and examples you flip it over. You read this one 100 pages 12 chapters
with all kinds of stories and examples of how the laser fund helps people prepare for retirement. You
can use it for college funding, for your children, grandchildren, working capital for business, real
estate management. It's like a financial swiss army knife and I want to gift you a copy you
contribute a nominal amount towards the shipping and handling. Now, when the government passes
these stimulus packages and they say, "Don't worry, we'll figure out how to get the money", hello?
I mean the government spends about three and a half to four trillion just for their main overhead.
Just to run the government and that's what they collect in taxes is between three and a half to
four trillion. With the stimulus packages that they have already passed as of the recording of
this video, plus the infrastructure the medicare for all student loan forgiveness and free college
tuition and all this. It's estimated they are spending at least three times possibly four times
what they bring in in revenue. Now, if you made a 100,000 a year and you kept spending
400,000 a year. How long could you keep doing that? So what's going to happen?
It's not going to be pretty. I want to protect you from this sinking ship. I want you to create your
own economic stimulus because when they do it, it's like they're drinking an energy drink and what
happens? You get this temporary high for two or three hours maybe the five-hour energy gives you
a little bit longer and then what happens? Often you feel sluggish and down and you have a crash
and that's what I predict is going to happen. We're going to have a temporary sort of a high
and then we are going to have a crash. The market, recessions, unemployment, it's going to be serious
and goods and services are going to be double or higher. We're already seeing that in energy in
food and other sectors because of irresponsible government spending and the printing of money.
So, what should you be doing? So as I mentioned at the beginning of this episode, I want you to
perform your own CPR. Now, I'm not talking about a heart attack even though a lot of people feel
like they're going to go into cardiac arrest. When they realize they will likely outlive their money
due to taxes and inflation. CPR is an acronym that I use that stands for your own creative proactive
recovery. Don't rely on the government stimulus create your own economic stimulus. Create your
own creative proactive recovery the way to do that is explained in my book the laser fund.
This is where you can diversify and create the foundation for a tax-free retirement.
What causes people to outlive their money? Taxes, inflation, market volatility, those are
the three big dangers. You can eliminate those dangers. You can make yourself immune from them
by using the laser fund. You convert to tax-free vehicles. So if taxes go up it doesn't affect you.
You link your returns to the things that inflate. I don't like inflation any more than you do. But it
doesn't hurt me it helps me. Because I've always earned a rate of return that outpaces inflation
and then I use indexing. So that when the market crashes I don't lose. I mean, not make very much
but I don't lose and Will Rogers once said, "People get more concerned about the return
of their money than their return on their money when things get back", I like the laser fund because
it stands for liquid asset safely earning returns. Learn about it, go to laserfund.com contribute a
nominal amount to that towards the shipping and handling I'll cover the rest of that expense
and I'll gift you a copy of the book. Click on the link below and here is to your brighter future
to create your own economic stimulus and perform your own CPR, creative proactive recovery.