EUREKONOMICS^™ is a 21^st Century system for building wealth and managing personal finances. (1)

Behemoths-big government, big unions, big banks, investment firms, and stock insurance companies, big businesses and their lobbyists, big universities and school systems, even big community organizers-have successfully misled Americans on a fool’s journey.  Behemoths created the myth that bigger is better and that Behemoths know better than you how you should create wealth and manage your personal finances. They call it conventional wisdom.

EUREKONOMICS^™ calls it MYTH…

Here’s one of the most pernicious of the conventional wisdom myths…

Accumulating cash value tax free in a life insurance policy is a bad idea.  Instead, you should pay as few dollars as possible to buy the largest possible amount of term life insurance.

That seems to make a lot of sense because the term life insurance industry collaborated with the mutual fund industry and investment brokers over the past thirty some years to convince Americans that it makes sense.

EUREKONOMICS^™ challenges this conventional wisdom myth.

First, let’s take a look at some history.  In 1975, when I was just thirty-five years old and a novice to the insurance and financial services industry, the typical American family(2) had little or no equity investments such as stocks, bonds, and mutual funds.  They also had no mortgages on their homes-or were working diligently to pay off the mortgage-credit cards were not in general use(3), Americans for the most part owned their automobiles outright, had significant amounts of cash in savings accounts at a local savings and  loan, bank, credit union, and in whole life insurance policies.

One more thing; they had peace of mind about money issues.  They knew that they would be able to care for themselves financially.

What happened?(4) The short version is that the Behemoths convinced Americans to move their money from those secure savings vehicles-where the Behemoths could not get their greedy hands on them-into accounts that the Behemoths controlled.  The timeline goes something like this…

• 1974 – First there was ERISA(5) from the biggest Behemoth of all-the Dolts in DC- and the promise of a secure retirement via self-funded investment accounts-IRAs and 401(k)s. ERISA allowed the Behemoths to move money directly from Americans’ paychecks into the accounts of the Behemoths. How’s that working out for America? The Behemoths have trillions of our dollars and there is no significant accountability
• 1977 – A. L. Williams attacked whole life insurance and conventional savings as being too expensive, offering low rates of return, and not providing enough coverage. He invented the Buy Term and Invest(6) lie that sucked billions of dollars from policies and other savings accounts that offered guaranteed returns and moved those dollars into risky mutual fund investments
• 1978 – Next E. F. Hutton invented universal life(7) so they could illustrate higher returns within a life insurance contract. No matter that the policies didn’t live up to their promise, more billions moved
• These misrepresentations were followed by the credit card explosion that tapped not only the cash reserves of American’s, but cut further into their paychecks and cash flow at rates that make the loan sharks of the Mob look like the Little Sisters of the Poor
• Next came the investing orgy and the re-financing and equity harvesting schemes of the nineties and early 2k0s. We all know where that led.

Over just a few decades, the Behemoths’ clever public relations firms and their ill-informed minions managed to move almost every dollar that belongs to you and every other American into either debt or equity over which you have no control.  There’s just no room for savings in this scheme of things so the Behemoths sell you term insurance to keep you from putting your money in whole life insurance and local savings accounts where you control it.

Here’s the EUREKONOMICS^™ alternative to the current flawed paradigm.

You should use as many dollars as possible to buy the smallest possible amount of life insurance and accumulate the largest amount of tax-free savings. If that policy and its secure savings do not provide enough death benefit to care for your family if you die, then add a convertible term rider to the base policy to make up the difference.

EUREKONOMICS^™ Challenge No. 1

EUREKONOMICS^™ Challenge No. 1: Prove the conventional wisdom that term insurance is your best choice for you, your family, and your future generations.

If you accept this challenge, I’ll give you a copy of my bestselling book Money Now, Money Later, Money for Life-How to Thrive in Good Times and Bad-a $29.95 value-for FREE.  In return, you commit to read the book within an agreed upon period and then to spend time to discuss it with me.(8)

If, after reading Money Now, Money Later, Money for Life-How to Thrive in Good Times and Bad and our discussion…

• you believe the system the Behemoths have imposed on America-I call it the Debt Paradigm-works for you
• you are not convinced that the EUREKONOMICS^™ system is superior
• I will diligently search the insurance market and find you the least expensive term insurance available from the top rated insurance companies and help you integrate it into your overall wealth creation and financial management practice

If on the other hand…

• you recognize the flaws in the Debt Paradigm
• you choose to find your way out of the Debt Paradigm
• I will help you create your unique EUREKONOMICS^™ system to manage your personal finances and create wealth for you and your family for generations(9)

To accept this EUREKONOMICS^™ Challenge contact me at 888-300-9661 or jeffrey.reeves@usa.net

1 EUREKONOMICS^™ lets you apply the same principles to your finances that the Founders of America relied on to build their personal wealth and give birth to the strongest economy in the world.

2 I know this since I had 15 uncles, 16 aunts-one aunt was a nun-and dozens of cousins.  I attended a small high school in the mid to late fifties and knew many of the parents of my classmates as well as those classmates themselves.  They all fit this profile.

3 The “Bank Card” industry started in 1966 and didn’t gain credibility for more than a decade.

4 The full report is available on request.

5 Employee Retirement Income Security Act is a welfare plan for the other Behemoths that didn’t want to continue paying for defined benefit pension/retirement plans.

6 The full report is available on request.

7 The full report is available on request.

8 I’ll send you a written agreement. We can talk in person, on the phone, or email exchange. In person meetings are at no cost at my location.  Alternate locations are at the client’s expense.

9 You choose how I am paid. If you allow me to act as your agent, Insurance companies compensate me with commissions.  Otherwise, I charge an hourly fee.  (Either way, the insurer pays commissions to someone, so the fee-based approach is normally the most expensive.)

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