Here’s The NEW WAY To Unlock The Explosive Power Hidden In Your IRA And 401(k) Money To Build A Better Future.
…Even if you have no idea what investments
you should buy in these weird times!
This letter is about a completely different approach to taking control of your IRA and 401(k) money that eliminates the need to “pick the winning horse” in our unpredictable economy, eliminates the need to spend hundreds of hours “due diligence-ing” investment deals, eliminates the need to make things complicated and messy, and quite frankly …just may work better than anything you’ve ever seen.
“Is It IMMORAL To AccessYour Money So Easily?”
I almost fell out of my chair when he asked me that.
The guy was an executive for a Self-Directed IRA custodian company and his job was to sell horribly limiting custodian accounts to naive investors who didn’t know any better.
We were talking shop and after a great deal of prodding from him, I’d finally showed him under the hood of the my IRA/401k system that he was sent to investigate.
This system had already “unlocked” hundreds of millions of dollars of people’s IRA/401k money, and the cost of using it was peanuts compared to what he was charging his poor clients.
Here he was charging millions of dollars every year to investors who rarely (if ever) saw the kind of IRA/401k results they hoped for …and my little homespun creation had rendered his entire corporation (and dozens just like it) completely obsolete.
He was shocked, flabbergasted, skeptical, and desperate to know more.
It Started With A Discovery
I Made Eight Years Ago
I was 24 years old, and was looking at early retirement because I’d just finished selling all my investment properties I’d worked hard to acquire. I saw the real estate bubble burst coming and took action to avoid getting slaughtered.
I was in a great place financially, but the road that got me there was completely crazy!
Peeking behind the curtain of the investment industry showed me just how crazy and full of liars it really was. They thrived on an uninformed public.
I found out that most people don’t even know what an IRA is capable of doing… not the financial planners, bankers, real estate agents, gold brokers, or even the IRA custodians.
They were all so busy focusing on their own success, nobody ever bothered to piece all their information together and ask “how can this benefit the investor?”
You’ll never believe how much this can cost you—and how much money you can save and put right into your pocket by kicking out the greedy sharks currently frenzy-feeding on your IRA and 401(k) accounts out back—while a salesman in a suit out front distracts you with glossy brochures, statements, reports, charts, news channels and ANYTHING to keep you from peeking around back to see what’s really happening to your 401k/IRAs.
“Um, sir, you can’t go
through that door.”
Well I say, c’mon let’s have a look.
First off, I’ve got to point out that the worst way a person could invest in Wall Street is by buying mutual funds. And that happens to be exactly what almost every IRA or 401k is forced to invest in.
Through a series of new studies, it’s been revealed that the average mutual fund charges about 3.5% in annual fees per year… with only a tiny fraction of that being properly disclosed to the investor.
Meanwhile, 94% of mutual funds fail to meet their benchmark goal, which is to perform as well as the “stock indexes” that you can buy without their hefty fees.
*** Look, I know you might be thinking “Jeff, I already know this and I’m thinking of investing outside of the publicly-traded stock market.” If that’s you, this part will especially tickle your fancy—Keep reading…
So to put it directly, mutual funds charge exorbitant fees in exchange for providing worse performance.
Just HOW MUCH Are
They Taking From You?
Check this out…
[numeric examples, TPFD]
“Get Me OUT Of Here!”
It’s enough to drive you mad… which spawns a whole industry of alternative investments.
These are people who will sell you real estate deals, physical gold and silver, private lending contracts, hedge funds, and a whole array of investments that you can buy with your IRA/401k money—IF you setup an account with a Self-Directed IRA Custodian.
…That’s a company that gives you a different type of IRA where they will administer the money transfers for many alternative investments.
For example, they can handle your IRA money buying an investment property.
Which brings me to….
The Dirty Secret of The
Self-Directed IRA Custodians
These corporations exist primarily on web sites with back offices of paper pushers in cubicles and a few cushy corner executive offices.
Behind all their fancy web pictures of actors, working hard acting like happy retirees—ironic—is the truth that 9 out of 10 Self-Directed IRA investors are blocked from having the success they desire.
You read that right. Nine out of ten Self-Directed IRA investors fall flat on their face doing exactly what they thought would be better than staying in the shark-infested “Standard IRA/401k”.
After meeting and/or consulting with THOUSANDS of Self-Directed IRA investors, I can boil it down to 4 “traps.”
4 Traps That Block Self-Directed
IRA Investors From Winning
This is almost like a gauntlet, and unfortunately, I’ve seen some investors work brutally through each stage over a period of years—or even decades—with only a few coming out the other side to any measure of real happiness or success.
The good news, all of that pain and misery can be avoided by learning from others’ mistakes and just steering clear of these traps.
Trap #1: Stuck In Limbo
Believe it or not, the majority of Self-Directed IRA investors never get past this first trap. Here’s how it happens…
- The investor opens a Self-Directed IRA account, with plans to invest in alternative assets
- He transfers money into his new Self-Directed IRA from pre-existing IRA/401k accounts
- That’s it
Seriously, that’s all. Some people don’t even get Step 2 done. How does this happen to so many investors?
They just don’t pull the trigger on an alternative investment. Sometimes that’s a good thing, especially if their gut was warning them not to do it.
The result? They end up with all their money sitting in the Self-Directed IRA, earning zero [or nearly zero] interest, wasting away to inflation.
Or worse, if they never completed the funds transfer, they’re just paying for account fees every year while their real money is still getting devoured back in their shark-infested Standard IRA/401k where they left it.
What’s shocking is that the other traps are even worse.
Trap #2: Going “All In”
It looks really great on the movies. The guy boldly pushes all his chips into the middle of the table. Dramatic music. Sometimes, the story ends in a massive triumph; other times in tragedy. But the credits roll and you go home to the real world.
And in the real world of investing, there’s no credits or starting over. You have to live with the results you get.
For Self-Directed IRA investors, this move isn’t usually made to be stupid, but to be practical.
Think about it. The average share price in the stock market is $67. But if you’re buying HOUSES for investment, for instance, the median home price is $188,900.
And an apartment building? Probably $2 million. Even many hedge funds require a minimum investment of $1 million or more.
Naturally, this leads to many Self-Directed IRA investors “going all in” simply because of the minimum investment size.
Now, I don’t have to tell you how bad that can turn out. Everyone knows not to put all their eggs in one basket. But no matter how risky it seems, some people are so fed up with Wall Street and yearning for a change, they do it anyways.
And just like on the movies, sometimes it works out, sometimes it doesn’t. But the credits don’t roll, real life just goes on.
This “All In Trap” often creates even more financial and retirement anxiety because the money gets stuck in the investment, leaving the investor to “hope” as they continually try to figure out whether it’s going to weather the storm of the rumbling, changing economy.
Trap #3: A Disintegrated Mess
This happens to the investor who:
- Opens a Self-Directed IRA
- Transfers money into it
- Makes an investment
This is what most investors forget to think about. After you’ve made an investment, and avoided the “all eggs in one basket” trap, that means you’ve got money left over. What do you do with it?
If it sits in the Self-Directed IRA account, getting zero or practically zero interest, you’re burning up your future.
I don’t want to insult your intelligence—I think you already know you have to grow your money or you get eaten alive by inflation.
If your lifestyle costs $50,000 today, in 20 years it will cost you $90,305 per year with only 3% inflation. You have to grow your money.
Even if you put the leftover money into a few more investments, it won’t do you much good if it’s in the same “basket.”
Whether you own 3 rental properties, 3 tax liens, or 3 pre-IPOs… you’re still un-diversified.
But let’s say you really do mix things up:
- A rental property
- A pre-IPO
- Some physical gold and silver
Then you’ve just fallen right into:
Trap #4: Stuck In First Gear
As exotic as that kind of portfolio might sound, it still has some crazy risks and doesn’t even begin to tap into the full power of an IRA or 401k.
The Secret Document
That Clears All The Traps
All of these tales of Self-Directed IRA Investor woes have an underlying invisible element tying everything together behind the discombobulated mess.
Different kinds of accounts, LLC, multiple custodians, multiple IRAs, Roths… all withholding the one document that can set you free.
This document entitles its holder to control the IRA, set its limitations, control its choices, control its fees, and basically run the show.
It’s a real document. There are over 100 million Americans have these accounts—and there’s a document behind each account, so taboo and powerful, nobody even talks about this.
[story of revelation]
It’s called the “plan document” and if you want to solve this puzzle, repeat after me:
“He Who Holds The Plan
Document Controls The IRA”
This is the big secret sauce that unlocks the full power of the IRA/401k. But instead of sauce, it’s a document.
If this master document is in your file cabinet, you’re a “free agent” and the world is your playground as a smart investor.
Let this document be locked away in some cushy corner office of a Self-Directed IRA Custodian executive, and say goodbye to your dreams.
That might sound dramatic, but consider this…
Terrible Danger On The Horizon
Meet Bill: An investor who, like many, decided to make a change with his investments. In his case, he decided to invest in real estate to see if he could make good profits and have more control over his future.
Bill couldn’t have executed his plan any more perfectly on the real estate front. He built a portfolio of rental properties that paid his IRA over $40,000 per month in cash flow.
It was a big accomplishment, and he was happy with his progress… until the first tax bill came.
To Bill’s astonishment, his $40,000 per month in real estate income was racking up
He Got Double Taxed at 39.6%!
…Plus an extra 11.3% tax from the state of California where Bill lives!
Why? Because Bill didn’t hold the plan document and had no say in the matter.
XX Powerful Reasons To
Become A “Free Agent”
Compare this to Frank, an investor who did almost the exact same thing as Bill, but as a “free agent”…
Frank fully unlocked the power of his IRA, held his own plan document, and became a “free agent.”
This enabled him to make all the choices he had never even known about:
- Where to open accounts
- Which taxes to legally avoid
- Avoid all of the 5 deadly SDIRA Investor traps
Let me show you:
[illustrations of taking the controls, and the relation of the plan document vs. the discombobulated way]
In this typical shark-infested Standard IRA, putting the plan document on THEIR side locks you in to their THEIR family of mutual funds that enrich them—to the tune of XX% of your money!
Sadly, the very solution proposed to offer investor freedom—the Self-Directed IRA Custodian account—looks like this…
Notice how the plan document is still nestled conveniently on the other side? That’s so you’re locked in to what THEIR plan document says.
It’s basically a monopoly, and swapping a Standard IRA for a Self-Directed IRA is just like changing the facade—but it’s still a monopoly, and the full power of the IRA/401k is still locked away out of your reach.
That’s what Bill discovered: his Self-Directed could never give him the option to legally opt out of double taxation on his real estate.
That’s just one of the many problems, in addition to the 4 deadly traps I already showed you, that comes with your IRA plan document being out of your reach, under their power. They’ll use it to enrich themselves, at your expense, every single time.
So what do most investors turn to?
It’s an attempt to get that elusive “free agent” status where all the monopolies, restrictions, and limitations are replaced by true freedom.
…But it just doesn’t work, and it’s all because the plan document is still on the wrong side. Remember, “He who holds the plan document controls the IRA.”
Before I show you the problems the multiple IRA approach is ridden with, it’s important I address a question you may have…
What About The
Self-Directed IRA LLC
or “Checkbook IRA”?
The IRA LLC was a big innovation. In fact, I thought we’d found it.
Debra Buchanan and I pioneered that thing back in the early 2000s. The IRA LLC was a massive improvement upon the Self-Directed IRA… but investors still seemed to have all kinds of painful problems and unpleasant surprises.
You see, the IRA LLC is like a response to troubling symptoms, without taking a hard look at the underlying cause.
Self-Directed IRA investors would complain:
- “My custodian takes forever to process my requested transactions”
- “My custodian isn’t allowing the investment I want to do, even though it’s 100% legal”
- “My custodian charges me too much money”
- “Why am I paying to have yet another company limiting my IRA?”
These kinds of complaints are valid and certainly frustrating.
Imagine yourself faced with paperwork for a safe and lucrative investment and you can’t sign it directly and your custodian refuses to sign it.
That’s every day business for a SDIRA custodian company. Their business model is so mired down by paranoid attorneys who won’t let them let their customers experience the true power of an IRA. They’re afraid of law suits.
And they should be…
Self-Directed IRA custodians
get sued all the time
An with each passing year, they get more and more restrictive and their accountholders get less and less power and control over their own IRA money.
It’s infuriating, and I’ve had my share of emails and phone calls from investors letting off steam about how inadequate their Self-Directed IRA Custodian account is, and how they’re even questioning whether any of their effort was worth it.
Many of them would setup an IRA LLC in search for more freedom…
This structure addresses some common complaints, but I bet you noticed where that plan document is located, haven’t you?
On the WRONG side, again.
Before I show you how this messes everything up, I’ve got o point out the obvious… the IRA LLC is complicated.
Most investors who get to this point just pay a “facilitator” firm, often made of up attorneys originally taught by me or my students, who will then do everything to setup this IRA LLC for them.
They end up getting a notebook full of documents in the mail, but even if all the documents have already been prepared, the complexity of the approach doesn’t go away.
There can be:
- Extra tax returns
- Extra taxes
- “Franchise fees” to state governments
- Fees, fee increases, policy changes, and interference from the IRA custodian
Yep, that’s right… no surprises here, the IRA is still LOCKED no matter how complicated it’s made to be.
It’s because the plan document is still out of your reach and belongs to someone else—the IRA custodian corporation—naming themselves as the true controller of your IRA and changing the rules at their whim without having to ask you.
Don’t expect to find this fact on their web sites though. Just lots of pretty pictures. It’s all rainbow and unicorns… until your account’s opened, locked in with them, and you try to invest with it.
If I’ve accomplished one thing with you so far, I hope it’s to simply help you to avoid falling into the same traps thousands of others have fallen for. Now let’s talk about…
How To Get The Plan
Document In YOUR Hands
This is where things get refreshingly simple and for a good reason.
The one and only way to get your IRA plan document in your hot little hands is to setup a special type of IRA.
In fact it’s called a “Solo 401(k)” because of a legal technicality. But make no mistake, it’s an IRA.
It’s more of an IRA than any other IRA—setup by you, for you, giving you complete control in a way none of the other approaches can deliver on.
Have a look for yourself at what’s possible:
And it’s all possible because of…
…You guessed it: The plan document is on YOUR side.
Who would have ever imagined putting a document in your filing cabinet could make such a big difference on the control you have over your money and future?
Having the plan document on your side means that ANY element of your IRA is up to your choice and control.
Want to change physical gold storage facilities? You have the power.
Want to change who you use for stocks, bonds, and index funds? You have the power.
Want to invest offshore? You have the power.
And you can do all of this WITHOUT breaking or even bending any rules. This freedom comes from UNLOCKING that plan document and putting it on your side.
In fact, when you have the plan document you aren’t even required to hire any of the custodians who want to charge you money to take away your control.
This makes you a free agent. Even free to…
Invest In A REAL
Now let’s talk about Wall Street’s best kept secret.
That shark-infested, mutual-fund-laden, high-fee, ripoff “Standard” IRA is locked up in a limited “family” of funds and investment choices designed to enrich the administrators, custodians, and brokers involved in monopolizing on your IRA money.
But when you use a Solo 401k,
it’s not THEIR IRA—it’s YOURS.
Let me explain because this could be worth millions of dollars to you and your retirement…
Most investors are so suffocated by bad IRAs because the plan document is setup automatically without your input. That’s how they get all the limitations (about forcing their family of high-fee mutual funds, disallowing alternative investments) in there.
The key to UNLOCK your IRA money is to go from the old way:
Step 1: Open Your Account
Step 2: Invest Among the Options Made Available To You
…which by the way is the same process whether you have a Standard IRA or Self-Directed IRA…
Instead, to fully unlock your IRA money, you make one simple change:
Step 1: Setup Your Plan Document
Step 2: Open Any Accounts You Want
Step 3: Invest Among Any Option Out There
In other words, you just separate out the creation of the plan document and the opening of accounts.
In fact, you can open a REAL brokerage account that gives you access:
- Nearly-zero-cost index funds that outperform mutual funds with 90% less fees
- Stock options (puts, calls)
- Margin accounts
- Bear funds (make money with the stock market goes down)
- All available publicly traded stocks and bonds
Why This Is Important
Remember deadly trap #1 I told you about earlier? Many would-be Smart Investors are stopped in their tracks by uncertainty…
- What should I invest in?
- Should I really get out of the stock market?
- What do I do until I find a suitable alternative asset investment deal?
- Am I really cut out to make decisions on alternative assets?
- Do I have what it takes?
You see, they feel like they need to be switching from “Team Wall Street” to “Team Alternative Assets” and it causes them to freeze up in doubt, or even reduce their own power and choices.
With a Solo 401k, fully UNLOCKED, there’s choice to make: you get it all.
In fact, you can start with the simplest, easiest investment strategy ever: buy index funds that outperform your old IRA/401k, and reclaim the 60% of your money that you were losing due to be robbed through fees.
Anyone can do that.
And You Can Do This WITHOUT
Adding A Single Dollar In Fees
You’re an investor, so I know your concerned with the bottom line. Or the “net” result of how much something will cost your or how much profit it will bring you.
The beautiful thing about replacing your “Standard” shark-infested IRA with a Solo 401k is that you’re ELIMINATING the biggest cost: the hard and real cost of being forced to choose from a “family” of high-fee funds designed to scrape your account every year.
And remember, on average, these funds are 3.5% per year. That’s $3,500 every year on a $100,000.
Or $35,000 per year on a $1,000,000 IRA.
It Doesn’t Cost $35,000 (Or Even $3,500)
Per Year To Be a “Free Agent”
As you’ve learned, the key is in setting up your own “plan document” to establish your Solo 401k.
You should know that such an endeavor CAN cost tens of thousands of dollars if you go to an attorney.
But luckily, the IRS has actually made things cheap and easy on us for once. Set aside the complaints (no need to preach to the choir here) about the IRS and look at the silver lining:
The IRS has programs in place where a “plan document” can be provided for you that is automatically “qualified” as a true Solo 401k and entitled to all the tax benefits and legitimacy. You even get an IRS certification and document serial number.
In fact, eight years ago I did just this for some of my consulting clients back then. I hired the attorneys to setup the Solo 401k plan document to create absolute freedom—a true Free Agent status for anyone with this plan document in their hands.
The plan document is just part of my total Solo 401k System which is totally free for most people.
How It’s Free
This isn’t rocket science. Save $3500 in one place and spend it in another and you have a net cost of zero for making that change.
And that’s exactly what we used to do. It would cost you $3500 to setup your own Solo 401k, but instead of that fee every year like a Standard IRA, you’d only pay it ONCE, never again to be repeated.
More Free Than Free
As if it’s not already a good enough deal to pay a single “exit to freedom” fee to unlock the full power of your IRA and 401k money, you don’t even need to pay that fee.
Why? Well, I’ve been sitting on my Solo 401k system for years because I retired quietly to a nice home on the 10th hole of a golf course in sunny Scottsdale, Arizona.
But I still get voice mails and emails every week of people who have heard through the grapevine:
“Jeff, how can I get access to your Solo 401k? I’ve heard it’s the ultimate Unlocked IRA… Where do I sign up?”
I Felt Terrible
(My Guilt = Your Savings)
…Because I haven’t been responding to any of these inquiries. After a while, I could hold out any longer.
I wanted to say “I’m Sorry!” that this hasn’t been available; let me redeem myself to you.
So to do that, I’ve decided to completely wave the $3500 Solo 401k setup fee and give you instant access.
All that’s left to pay is the measly “annual maintenance fee” required by the IRS for me to keep my Solo 401k document system up to snuff each year—and thus keep your Solo 401k plan document up to date as well.
That’s just a flat $347 per year. So obviously cost isn’t an obstacle or issue for you here.
It’s more of a question…
Now That You Know What’s Possible,
Will You Take Ownership Of Your Money
(And Control Your Future)?
Let me show you how easy it is with the system I built…
Create Your Plan Documents
After typing in your name, address, and other basic information into our Solo 401k System, you’ll be able to download your IRS-approved plan documents, making you a Free Agent once and for all.
Just put this document in your file cabinet and say “Never Again!” to being hoodwinked by the greedy sharks and their monopolistic system.
When you close the drawer to your home filing cabinet, you’ll hear the sound of a good decision.
Choose Your Brokerage Account Provider
Because the “qualified” nature of your Solo 401k is sitting in your home filing cabinet, all you’re doing for Step 2 is opening a brokerage account at the provider of your choice.
I’ll give you my recommendations on the best brokerage providers that are the easiest to deal with and have the best options and service.
Transfer Your Money (Tax-Free)
This is where you just move the money from your other IRA, 401k, 403b, and 457 accounts into your Solo 401k. They’ll actually send you a check, made out to YOUR Solo 401k for you to deposit at your brokerage account.
With my cheat sheet and transfer guide, you’ll learn how to avoid common transfer pitfalls and ensure your money transfers smoothly.
When following the guidelines, your transfers will be tax-free and you can make as many as you want. These days, you can transfer just about any retirement account into your Solo 401k.
The only exception is Roth IRA money can’t be transferred in, but Roth 401k money can.
Setup Your Portfolio
Even if you never even dabble into alternative assets, you’ll enjoy the full-spectrum of publicly-traded investments.
The world is your oyster when you toss the junky funds and take advantage of accessing all index funds, ETFs, bear funds, stocks, bonds, options… and you can even use margin.
This is where you reap the benefits of controlling and possessing the Solo 401k plan document because it says you can do all these things. They’re all legal, and now you have the freedom that comes only with a fully UNLOCKED Solo 401k.
Feel free to hire a registered investment advisor to help you. You can even pick one that’s a fiduciary to you and doesn’t accept commissions from the sharks.
Even if you never progress pass this step, and you did nothing other than hold a portfolio of index funds… you’ll enjoy [historically] much better performance, and recapture 60% of your money that was going to high fees.
That in and of itself can make or break or your retirement. It’s so easy, anyone can do it.
(Optional) Buy Alternative Investments
You can do this instantly with the “checkbook privileges” granted by your Solo 401k.
Whether it’s a real estate deal, buying physical gold and silver, storing gold and silver at a professional insured storage facility, buying tax liens at auction, buying pre-IPO stocks or investing in venture capital funds, joining lending clubs, buying bitcoin—or ANY other investment opportunity you can find out there—you have the full freedom to invest.
You’re restricted from investing with family and from “conflict of interest” or “self dealing” transactions, but these are simple to steer clear of and I’m going to give you a full report (no charge) of how to avoid these.
(Optional) Shelter Massive Self-Employment Income From Taxes, If Applicable, Up To $115,00 Per Year
This is for self-employed people who are high earners. The Solo 401k can accept tax-deductible contributions MUCH higher than any IRA can.
If you’re a big earner with self-employment income, this alone can put millions of dollars in your pocket, every decade.
Okay, by now, you’re probably wondering…
Why In The World Doesn’t Every
Investor Have A Solo 401k?
Good question. The true answer comes down to a crippling myth.
There’s a persistent myth out there saying that the Solo 401k is only available to business moguls.
And it’s just not true.
In fact, if you’re a true business mogul and own a business that has full time employees who get a W2 paycheck, the Solo 401k isn’t available to you. (If that’s you, don’t worry, there’s something similar to a Solo 401k that works for you, just email us to request info).
Anyways, the Solo 401k is available to just about everyone else.
The “DUH” Factor
There’s something else we need to talk about that’s entirely missed by every investing book, seminar, or conversation you’ve probably ever been exposed to.
Let’s talk about your spending. It’s the other half of your money equation.
There’s the “make money” part where you get your hands on money in the first place, grow it through investing… and then there’s the spending part.
The landscape of consumer spending is changing around you, and this yields a huge opportunity you should know about.
I discovered this opportunity when I needed to get a new laptop computer. Nothing fancy.
So I went to my local office supply chain store and started hunting for a store employee.
They lock the computers up so you need an employee to help you of course.
But finding one in this place was like looking for water in the desert. Finally I spotted one in a red shirt, but he seemed to notice and started zig-zagging around like he was running away from me.
He Got Away!
Once I finally flagged one down, he said “Oh, I don’t work in computers” and announced over the loudspeaker “customer assistance needed in the computer department.”
After another 15 minutes of wasting my time, I was bestowed with a store employee who held the power to let me buy their stuff.
I picked out the one I wanted and told him, “I need to buy this computer today.”
I was floored when he said, “Well you can’t really do that. It’s out of stock. In fact, we don’t stock most of them any more. We can order them from our web site and they’ll be here in about a week for you to come back and pick up.”
I was shocked, and after this experience I noticed the same thing at all the other big box stores in my town—the shelves half empty, and even on full shelves many of the items are for display and not for sale.
More and more products have to be ordered through the internet… even when you visit your local store!
And to waste 40 minutes of my time in the store, plus fighting traffic all the way home… not exactly my cup of tea.
So I asked a tech saavy friend of mine, “Where’s the best place to order stuff online?”
When I finally grasped his answer…
It Made Me Richer
He showed me the biggest store in the world, and yes it’s online. We found the laptop computer I failed to buy at the struggling, empty local chain store.
And bought it.
“How long do I have to wait for this to ship to me?”
My friend said, “That’s the best part. This will be on your doorstep tomorrow, and you don’t have to drive across town.”
“Wow, overnight shipping. That must be expensive!”
“Nope,” he replied. “You’re paying less. You just saved $100 on a $300 computer. 33% money savings and 80% time savings!”
I couldn’t find the catch!
In stock? Check.
Bigger selection? Check.
Lower prices? Check.
1-day shipping? Check.
He even showed me how there were powerful search tools that made it easy to make better buying decisions, from everything to furniture, electronics, appliances, clothing, musical instruments, household supplies… you name it.
Anything I’d buy from a store in my town, I could buy from the world’s largest store online.
My head started whirling around and I wondered,
“Will this make me a hermit
who never leaves the house?”
I’m pleased to report that after completely changing my consumer buying habits for several months, I still leave the house whenever I want… it’s just to actually go visit the people I care about and do fun activities.
I’ve traded in my drudging time at Wal-Mart and Best Buy (and many other stores) for time with my friends and family. I love it!
Sure, there are still times where I buy from a brick and mortar store, but these days they’re rare.
And I can promise you, 10 years from now, these big box stores are going to be as empty as the signless buildings that used to house Circuit City, CompUSA, Borders bookstores, Blockbuster Video—all now out of business.
Things are changing, with our without you.
What This Has To Do
With Your Retirement
Think about this…
What if a third of all your spending could be discounted by 15%?
That’s $33 out of every $100 you spend getting discounted to $28. Or a savings of $5.
That’s a FIVE percent savings on your TOTAL spending.
When $50,000 of annual expenses at the beginning of a retirement turns into $90,000 over twenty years at only 3% inflation… then all of a sudden shaving 5% off of your spending is a big deal.
And you’re going to buying a good portion of your products online in a few years anyways. You can go back to the empty store buildings, but nobody will be there, just like Blockbuster Video is now.
My point is this… it’s not just how you invest and grow your money that matters. It also matters how you spend it.
And saving time and money by being a smarter shopper is how you can do that. You should become a smarter shopper for its own obvious benefit.
The Less Obvious Benefit
of Being a Smarter Shopper
On this online store you should be shopping from, there’s a little-known feature that pairs really well with the Solo 401k.
It’s called an “affiliate account” and it can give you your “qualifying business activity” for your Solo 401k.
Here’s how it works…
You know how from time to time you give your opinions and recommendations to your friends and family about various things?
It’s what we do as humans; we share our experiences with each other. It’s called “word of mouth” and we all do it.
This “affiliate account” you can get for free from the world’s largest store makes it so that your word of mouth conversations you already have are a BUSINESS activity.
Stay with me here…
- No forming a corporation
- No office space
- No board of directors
- No filing anything with the government
- No startup costs
- No business plan
- No research and development
- No hiring employees
- No attorneys fees
- No bookkeeper
The internet has really changed things, hasn’t it?
Now, I’m not saying you’re going to become filthy rich from a business that takes no time, money or effort.
But I am saying you can have a “qualifying business activity” that takes no additional time or money.
But It Will Take Effort
It takes effort to change a habit. That’s why most investors will never even leave their shark-infested Standard IRA or find real retirement freedom or success.
Changing how you do something is hard work, but the payoff is so big you wouldn’t be reading this if you didn’t want it.
Now about changing how you buy things…
I’ve Done It Myself
Being a “smart shopper” SAVES me time, which giving me a “qualifying business activity” for my Solo 401k.
And this is LEGITIMATE qualifying business activity. Don’t be fooled, this isn’t pretending. In fact some people put more work into it and make a LOT of money.
I know a guy that makes $40,000 per month from it, but he works hard.
You and I probably won’t do that, but my point is it’s a real business without any of the costs or headaches traditionally associated with having a business.
And with no employees, costs, filings, or burdens of any kind… the only effect this business is going to have on you is putting money in your pocket in the form of big savings, giving you potential for a bit of side income (nothing huge unless you put work into it), and the fully unleashed power of the Solo 401k.
The Best Part
The best part is that this kind of business can start for you in the next 6 seconds.
It’s called a “sole proprietorship” and it’s the most popular form of business on planet earth.
It basically means “an individual” and is formed by merely saying in your head “I’m going to do a business activity.” If you make money, you pay personal income taxes on the tax return you already file.
This is really great because you can actually be a sole proprietor by the time you get to the next paragraph. It’s totally up to you.
This means that you don’t have to go off and do anything in particular before setting up your Solo 401k. You just have to decide to start your venture.
Try it out now. Say in your head (or out loud if you like) “I’m a sole proprietor now.”
Perhaps just block off 30 minutes sometime in the next few weeks to create your free online shopping account and free “qualifying business activity.” I’ll give you a free tutorial you can use as your guide.
Bottom line: For your own financial good, you should use this online store to be a smarter shopper and save time and money.
And in deciding to do so, you’ve put the keys to your very own Solo 401k in your hands.
How far you take it is up to you
I have friends who haven’t stepped foot in Wal-Mart in over a year. One has really embraced the “smart shopper” mentality, and even makes thousands of dollars per day.
On the other hand, you might just make one or two smart purchases online per year and tell your friends about them, and you’re dabbling in being a smart shopper and having “qualifying business activity” for your Solo 401k.
And that’s enough. Dabbling is just fine.
You don’t have to spend any minimum number of hours on this, or hit any revenue or profit goals. You just have to make the genuine effort.