Bank On Yourself under the microscope

It was almost two years ago that Dan Proskauer – a Vice President of technology engineering for a major health care company who holds three U.S. patents – first heard of Bank On Yourself.

Dan lives below his means, has significant savings discipline, and is a sophisticated investor.  But when the financial crisis hit, Dan realized he had nothing to show for decades of saving and investing his hard-earned money and “doing all the right things” we’ve been taught to do.

He felt angry, betrayed… and willing to open his mind and find out if there was something better out there.

Dan is very analytical and has since spent literally hundreds of hours investigating Bank On Yourself.  He has already started seven Bank On Yourself-type policies because, as he puts it, “the more I look into Bank On Yourself, the better it looks.”

Dan recently contacted me and generously offered to share his findings with you.  Whether you already use Bank On Yourself, or you’ve been considering adding it to your financial plan, you’ll learn something of value from this interview. You can listen to the interview by pressing the play button below, or you can download the entire interview as an MP3 and listen on your own player or iPod…

You can also download a transcript of the interview here.

In this fascinating interview, you’ll discover…

• Why Dan has cut back his 401(k) contribution to what his employer matches… and why he’s considering stopping funding it altogether
• What he discovered were the problems with traditional college savings plans, and why he believes Bank On Yourself is a better option

• The surprising result of Dan’s research into the rate of return of a Bank On Yourself-type policy – and why he feels the additional “intangible” benefits make it the best way to build a financial foundation in both good times and bad
• Why Dan has seven different policies – and is getting ready to start more
• Where Dan found the money to fund his policies
• Why Bank On Yourself will hold its own against things people worry about – including inflation, deflation and fluctuating interest rates
• The two downsides to Bank On Yourself that Dan found
• Why Dan believes it’s critical to use a Bank On Yourself Professional to set-up your policy… and how getting knowledgeable, on-going coaching and advice can result in your having far more wealth over your lifetime, while ensuring you don’t lose the tax advantages of Bank On Yourself
• Why Dan – like hundreds of thousands of others who use the Bank On Yourself method – says the only regret he has is that he didn’t know about this sooner
• Dan’s advice to anyone who’s still sitting on the fence and hasn’t started yet

You can listen to the interview by pressing the play button below, or you can download the entire interview as an MP3 and listen on your own player or iPod…

You can also download a transcript of the interview here.

The more I look into Bank On Yourself, the better it looks.”
– Dan Proskaur

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