The

Working
Millionaire
$2,000,000
Tax-FREE Wealth Reserve
Self-insure Self-fund
Dan Keppel
Author of Wealth Without Wall Street: Buy DirectAvoid the Commissions, Fees FREE Interactive Internet CD: Send name/address: support@TheInsidersGuides.com

IAN Books

An IAN Books paperback

Published by IAN Books 41 Watchung Plaza, B242 Montclair, NJ 07042

Copyright Dan Keppel 2011

All rights reserved. No part of this book or its Interactive Internet CD can be reproduced, transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without the written permission of the publisher.

Special sales for educational use by nonprofits.

ISBN ISBN-13: 978-1460945483 ISBN-10: 1460945484 Library of Congress Control Number: 2011903055

FREE Interactive Internet CD of the information in this book Send your name/address to: Support@TheInsidersGuides.com

For everyone working on their first $ million

Also from IAN Books Wealth Without Wall Street: Buy Direct -- Avoid the Commissions, Fees, Loads The Insiders' Guides to Buying Discount Financial Services: Buy Direct and Save $3,000 Every Year Drop Your Insurance: Buy Only What You Need Create Financial Freedom Using Your Wealth Reserve : Fix your financial life
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The Simple Financial Life: How to get what you want without going into debt and living paycheck to paycheck Build Wealth Without Extra Money or Time: You don't need to budget or get an extra job Leah's Money Book: "I want to control my own money." The New American Retirement System: a $2,000,000 Tax-FREE Wealth Reserve Stop wasting $3,000 every year: 101 Financial products NOT to buy and why Your RetirementSpendingPlan Will you have enough? Where will you invest? How much will you spend?

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Contents
Introduction 1. How you accumulate $2,000,000 2. A Simple, Easy and Wise Plan 3. Snoring is the best way to create wealth! 4. Self-insure with your Wealth Reserve There is no better protection than having money 5. Use your self-funded Bank Pay up to 40% less for any item 6. 12 Things your Agent, Broker, Banker, Advisor and Money Manager Will NOT Tell You 7. The Insiders Guide to Vehicle Insurance: Beware of Double Coverage 8. The Insiders Guide to Life Insurance: Do you need it? 9. The Insiders Guide to Homeowners Insurance: 105 Beware false coverage 10. The Insiders Guide to Health Insurance: 123 Do you need health insurance? 11. The Insiders Guide to Mutual Funds & Securities: 141 Beware fees 7 11 27 41 47 61 71 77 91

12. The Insiders Guide for Women: 167 Secure Your Financial Independence 13. The Insiders Guide to a Spending Plan: 177 Who else will build wealth for you? Conclusion: You can do it yourself 191 Resources 197 Your Unbiased Advisor Network 199 The Author 204

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Introduction

Create a $2,000,000 tax-FREE Wealth Reserve. Self-insure and Self-fund your lifestyle choices. The best assurance of lifelong security is having money. Working millionaires use the miracle of compounding. Pay $0 tax on your $2,000,000 Wealth Reserve. Use a tax haven approved by the IRS.

Start today!
Every year you delay costs you $100,000 later. Wouldnt you like to assure yourself of a tax-FREE Wealth Reserve to self-insure and self-fund your financial life? You would develop your own lifestyle security, no matter what happens to company pensions or Social Security. You know that taxes will continue to climb because the size of government obligations will never shrink. Start taking advantage of the leverage that Working Millionaires use every day. You can make sure you are protected by creating a 408 trust we call a Wealth Reserve. It costs nothing to set up and maintain. Our economy has changed. The share of total income going to the top 1 percent of earners, which stood at 8.9 percent in 1976, rose to 23.5 percent by 2007! Top earners lowered their tax rate to 17%. Some even receive tax subsidies. During the same period, the average inflation-adjusted hourly wage declined by more than 7 percent. You can help yourself now. You dont have to spend a fortune to do it. You dont need a lawyer or broker. You can avoid income taxes as your money grows. You avoid future taxes because you grow your money in a tax haven approved by the IRS. You run your financial life as a tax-favored business.

You become a Working Millionaire. This book shows you how Working Millionaires: 1. Buy whatever they need without going into debt. 2. Create a Wealth Reserve of $2,000,000 or more. 3. Use the best legal tax shelter: no taxes . . . ever. 4. Protect your family and assets with your Wealth Reserve. 5. Borrow from your own bank to pay for large purchases. 6. Buy your financial services at a discount and save $3,000 per year--$75,000 in 25 years. 7. Manage your Wealth Reserve in 1 hour per year. Your Wealth Reserve becomes the Treasury department of your lifestyle. Your security rests in your own hands. You self-insure the risks you can handle. You put your premium savings in your own bank. You borrow from your own bank when you make large purchases. Your only debts are for investment assets that earn more than the cost of the loans. You take advantage of all the tax benefits of a small business. The best guarantee of lifelong security is having money. The $2,000,000 Wealth Reserve you build for yourself is a tax-FREE account you make contributions to over time. If you contribute $400 a month, it will grow to $2 million over time. If you and your spouse deposit $400 a month, it could be $4.4 million over time. You set it and forget itthe monthly payment can go from your bank account to the Wealth Reserve automatically. Other benefits: You can use the account contributions for emergencies tax-FREE. You feel more confident and secure as you progress in your life. You know that you will succeed no matter what happens to your job or your pension plan. You make use of all the deductions and credits given to businesses because you treat your financial life as a business for tax purposes. Using a small business, you can have it buy a car, expense business trips, expense gifts to clients, expense all the things you pay for that are connected to your business. This is how

Working Millionaires get to be wealthy. Start taking advantages of the leverage Working Millionaires use every day. For instance, our daughter started her Wealth Reserve with our match of her wages from her first job at age 14. We have made contributions for a number of years, matching wages, dollar for dollar. She has opened her own retirement account at work. She has started her own business. She can contribute up to $16,500 (2011) annually. Her shopping trips for supplies and sales outlets are now expenses against any sales and income. She uses part of her home for the business. She expenses telephone, business cards, Websites, internet, computer, etc, etc. Her Wealth Reserve will continue to grow and insure and fund her needs without taxever. You can use the Wealth Reserve strategy with no set up or maintenance costs. Unlike other methods of saving, a Wealth Reserve can provide a lifetime of tax-FREE growth. This is a great strategy! It uses the most powerful financial force available compounding of high gains and earnings over time. It avoids the greatest killer of wealth-buildingTAXES. You pay no taxes on the accumulations and no taxes on the withdrawals later. And you dont pay lawyer or advisor fees either. You set it and forget it. You create your own Wealth Reserve.

Working Millionaires are independent

You dont have to be wealthy or a genius to become financially independent. Financial freedom allows you to live the way you desire without having to worry about money. You are confident in your financial decisions. People who are independent have goals. What are your goals? Do you make them and then forget them? Independents discuss them all the time and make changes as necessary. Their goals guide their spending and investing habits. Do your goals guide your spending and investing? People who are independent have a strategy. To accumulate $2 million or more requires that you know how to investregularly, properly, monitor accumulations, and get help when you need it. It takes only an hour to set up our Simple, Easy and Wise Plan. It takes only 1 hour per year to manage your Simple, Easy and Wise Plan. You dont trade stocks and bonds. People who are independent have patience. Most people do not understand that you have to be patient in order to cultivate the

assets that grow by themselves." Independents buy assets that grow; not "things" that require them to pay out their incomes over time. They never pay interestthey earn interest. People who are independent protect what they have. This does NOT mean buying a lot of insurance. It means understanding the role of risk and reward in everyday decision-making. For instance, why pay hundreds of dollars extra for low-deductible car and home insurance when you are already self-insured by your Wealth Reserve? If you carry large deductibles on all policies and accounts, you save thousands every year. You buy only what you needcatastrophic risk insurance. The best protection is having a Wealth Reserve of assets that grow by themselves." People who are independent enjoy what they have. This means appreciating what is important to youfamily, friends, and a hobbyand not buying a lot of things you think will make you feel good. Independents realize that you only have so much time. Time with your family and friends is precious. You cant buy time. You can waste a whole life of time making money to buy things as substitutes. Most wealthy people are working millionaires. They are business owners not inheritors. 41% of American families whose net worth puts them in the top 10% of households, own all or part of a privately held business. Only 12% of all families are owners. Most wealthy people grow wealth in investments: 46% in stocks and bonds, managed accounts, IRAs, mutual funds, and alternative investments; 10% in pensions and defined-contribution plans like 401(k)s; 6% in insurance and annuities. Most have investment real property. 50% of people with a net worth over $1 million owned investment property in 2004, according to TNS Financial Services. Working millionaires invest more than 15% of their incomes. They work hard but they spend below their income level. They dont buy fancy cars or homes. They live next door to you. Start todayyour future is now in your hands.