Get your money repositioned to protect it from excessive tax and inflation. In this episode,
I'm going to address the question "What to do with your money now Biden is president?" Get ready. I'm
going to share with you some things that I'm doing and that I would recommend that you seriously
consider to protect your money from unnecessary tax and from inflation which is around the corner.
So, my name's Doug Andrew and I've been a financial strategist retirement planning
specialist for more than 4 and a half decades. But I've helped a lot of people business owners
individuals prepare for a comfortable retirement and save unnecessary tax. Now,
let me just share with you none of this is a political agenda. When people ask me my
opinion, I will usually say, "Well, do you want me to be honest or gentle?" And they say,
"Honest". So, let me tell you my honest opinion of sort of what happens when we have
congress and the executive branch depending upon their political philosophy about economics and
and taxes and so forth. So, I'm going to super simplify right now. Generally, one political party
will lean towards bigger government, more social programs and the way you fund that is by raising
taxes, right? The other political party generally says, "No, let's have less government have people
take ownership for their own future more and their health care and what have you." And the
way that you raise tax revenue is by raising the revenue that's being taxed instead of raising
taxes. Because if you raise taxes it actually causes employers to have to lay off people.
Unemployment goes up. The cost of living causes all kinds of problems because of the ripple
effect. Now, when we talk about what to do... I don't care if it's a republican or a democrat
administration congress or what have you. When you understand this and you look at history,
you will see when certain tax laws were passed based upon who was the controlling power in
congress and or the executive branch. It's as clear as day when you look at it. So, right now,
we have president Joe Biden who's been elected. And so, he basically has believed in his 46 plus
years that government should provide more and more and more. And therefore, you need to raise taxes
redirect taxes by redistributing and so forth, okay? Now, that shouldn't be a surprise. So,
when we look at that, he has already announced in his candidacy and now as president with executive
orders. He's starting to initiate a lot of these things in order to fund what he said he would do.
Just one initiative for immigrants that come in without health care and so forth, he said,
I need 750 billion for that. And so, he passed a tax law affecting capital gains he wants to
double the capital gains tax rate and do away with the step up and basis. He says he wants to
get rid of the Trump tax cuts and which caused all kinds of economic growth and so forth. He
realizes though, "Oh, golly. Maybe it will hurt the middle class." So, maybe he'll just tax higher
rates for the rich, yeah. So... But I found that a lot of times wealthy people give voluntarily to
charity 20 to 30 percent of their income. Where I find that a lot of people business owners,
they resent being forced to pay more and more and more in tax where the taxes go to causes maybe
they don't support. So, let me give you an example of what off times I've done in mixed audiences
whether it was republicans or democrats so that you'll understand what I'm talking about here.
So, oft times, I'll have an audience of 60 people up to 6,000 people. And I will flash
up on the screen the general categories where our federal government for example
spends tax dollars. I don't put the percentage, I just put the categories and then I have a
sheet of paper for every one of them. And I ask all of them to write down what percent
of their civic or social dollars, okay? We must give back to society and most governmental systems
have a method whereby we must give back to society and that normally comes in the form of taxes. So,
I say, "What percent would you allocate towards national parks and this? And how much would you
allocate towards health care for all? How much would you..." And so, they write down the percent.
Do you know it doesn't matter whether the people are republican or democrat, the percent
that most people would choose if they had the choice to allocate their money never is close
to where the government allocates our tax dollars. So, how did we get here? If most people, if they
voluntarily could choose would not choose to put that much towards this, it doesn't even come close
to where the government is allocating the money. I'm just saying, "Okay, well if you take ownership
and you could redirect otherwise payable taxes to causes you support, I think that is usually
a way most Americans would like to go." But sometimes taxpayers just sort of stick their
head in the sand and it's open season with the IRS out there. And they're out there hunting. So,
I'm not anti-government. What I'm saying is beware because when we have those who want to
support initiatives that seem to be popular like medicare for all or free college tuition.
Sounds good but those are estimated each to cost north of 100 trillion dollars in the next decade.
You divide that by 10 years, that's 10 trillion a year each. Do you know that 10 trillion dollars
is twice as much as the IRS collects in taxes in an entire year for their already expensive
budget of 5 trillion? That means they would need 3 times as much tax revenue as they've been getting.
So, I'm just saying. You don't want to see your taxes go up to 60 and 70 percent.
You could reposition some of your serious cash to tax-free vehicles that actually will help out
America way more than just raising taxes. Because if you empower people to take ownership for their
own future and it's tax-free, they will not need to have or rely on government programs for money.
It's that simple. Whenever you take ownership of anything, you'll take better care of it.
When was the last time you ever washed a rental car or changed the oil on a rental car? People
don't wash rental cars? They wash their own car. See, the secret to American prosperity has always
been in ownership deeds titles and articles of incorporation. And so, understanding that
with Biden's tax proposals, he wants to raise income tax, capital gain tax by double,
do away with the step-up in basis, a state tax. He wants to increase from 46 percent to 67 percent.
He wants to raise minimum wage which sounds good on the surface but it will cause unemployment and
a recession. So, if we have that coming soon, I want you to protect yourself. So, here's what I
would recommend. So, before I share with you what I would do if I were in your shoes as a patriotic
American taxpayer, I'm a red-blooded American. I think we should all pay our fair share of tax.
But if I can show you how to redirect otherwise payable taxes to causes you support, would that
empower you how about others? So, share this episode. Click like. Post a comment. Subscribe
and be sure and click the bell when you subscribe because then you'll be notified every time I post
an educational video like this, okay? And I'm going to gift you my most recent best-selling
book at the end. So, let me share with you what I would do if I were in your shoes. If you want
to protect your money, take ownership of your own future. Take ownership for your health, okay? Make
sure that you eat right and so forth because the best way is for you to take ownership of your own
future. Now, if we're talking about your financial independence, I have found that there's good ways
that might be a traditional IRA or 401(k). But better ways could be a Roth IRA, 401(k). But
I like the best way. Because I've always had a little ditty that goes "Good, better, best,
never let it rest. Never let it rest how good gets better and better gets best." The best way
to save and to protect yourself and to help out America is to take ownership by setting
aside your money into something that's superior to IRAs of 401(k)s or Roths that can be totally
tax-free. Why is it tax-free? It's not a loophole. It's because you are choosing to take ownership.
And the government knows that if you do this, you will not need to rely on government. You could
even bypass social security because you will have more income in retirement than just rolling over
and paying a bunch of unnecessary tax. So, when you put your money into something that's tax-free,
it's tax-free for a reason. You're actually helping out America more. And when you understand
economics and you can do this and learn this by reading the book I'm going to gift you here,
then you will actually be able to hedge against inflation because with president
Biden's initiatives, it's going to create printing of money. See, if you don't have enough money and
you can't get it from taxes, government prints money. And that causes inflation. So, we have
taxes and inflation which is what erodes away most people's money in retirement and it causes them to
outlive their money when the cost of living goes up by double every 7 to 10 years. Pretty soon,
you need 100,000 a year to buy what 50,000 used to buy 10 years ago. And then in another 10 years
and 20 years you're going to need 4 times as much money. You're going to need 200,000 to buy what
50,000 used to buy 20 years earlier. So, you want to have your money in something where inflation
helps you instead of hinders you. You link your returns to the things that inflate. So, inflation
as much as I don't like it any more than you do. It doesn't hurt me. Because my money is linked to
the things that inflate. The third thing is is to not have your money subject to market volatility.
Because when all of a sudden these changes take place, it causes employers to lay off people;
unemployment goes up; taxes go up on corporations so they have to cut. And so,
this causes recessions and ups and downs; and the stock market goes crazy and people then don't have
predictable rates of return because of market volatility. So, let me show you how
to eliminate those dangers and you can learn by reading my most recent best-selling book
and I'll gift it to you. So, my miracle solution, it's like a financial swiss army knife. It has
all kinds of uses for all kinds of financial goals. But I call it the Laser Fund because
the acronym LASER, I've used for years stands for liquid assets safely earning returns.
And when you study this, you'll understand how you can accumulate access and transfer your money
totally tax-free. So, you eliminate the danger of taxes going up inflation you link your returns to
the things that inflate. So, that if inflation goes to 5 you'll earn 10. If it goes to 10,
you'll earn 15. If inflation goes to 15, you'll earn 20. I've been doing this for
4 and a half decades. But when the market goes up, you get to benefit. But when the market goes down,
you don't lose. That's called indexing. Are you curious? Well, I've scratched the surface only.
Go to laserfund.com, LASERfund.com or better yet just click below
on the link below. You contribute a nominal amount towards the shipping and handling. I'll pay for
the book and fire it out to you. It's actually 2 books in one. This one is the left brain charts
graphs and explanations. You flip it over to this one. This has 62 actual client stories.
And you can begin to become empowered to not worry about what congress is doing,
who's in power because you're taking ownership for your brighter future.