Kim D. H. Butler - Busting the Real Estate Investing Lies: Build Wealth the Smart Way: Through the Most Time-Tested, Least Volatile Path to Financial Freedom

Advance Praise for Busting The Real Estate Investing Lies

Kim and Jimmy are talented entrepreneurs, each committed to growing the value they create 10x. Here, they collaborate to provide those seeking financial freedom with a game-changing real estate investing capability, starting with a new mindset. This is an example of the best of what entrepreneurs do to create a bigger financial future for others.

Dan Sullivan, founder of Strategic Coach

If you are behind on your retirement planning, this book will show you how to get back on track in a hurrywhile reducing your risk! Proven strategies for real wealth by two people who practice what they preach. Kim and Jimmy are experts in their respective fields and they lay out a step-by-step guide for how to create true wealthenough passive cash flow to cover your expenses.

If you are a real estate investor, or are thinking about investing in real estate, you need to read this book! Kim and Jimmy show you how to multiply your gains while reducing your risk!

Darren Mitchel, mba , cfp , cly , years in the financial services industry

I love how Jim and Kim explain the lies of retirement and how approved investment plans are not the best path to a fulfilled life. Learning to use a whole life insurance policy to utilize its advantages teaches you how to shape your financial future to your advantage. This book is a valuable resource that I will be using to help share how to take charge of your finances.

Dave Houser, Prosperity Economics Advisor

Busting the

Real Estate

Investing

Lies

Build Wealth the Smart Way: Through the Most Time-Tested, Least Volatile Path to Financial Freedom

Kim Butler with Jimmy Vreeland

Copyright Prosperity Economics Movement

All rights reserved.

Busting The Real Estate Investing Lies

Building Wealth the Smart Way: Through the Most Time-Tested, Least Volatile Path to Financial Freedom

isbn 978-0-9913054-4-5 Paperback

978-0-9913054-3-6 Ebook

Cover design by Michael Nagin

Book & Grahpic design by John van der Woude, jvdw Designs

I want to dedicate this book to my wife, Susie and my kids, Maria, Bubba, Tommy, and Johnny.

Jimmy Vreeland

I am dedicating this book to my husband, Todd Langford of www.TruthConcepts.com and our children, Jake and Jessica Langford and Robby and Kaylea Butler.

Kim Butler

Chapter 1:

Chapter 2:

Chapter 3:

Chapter 4:

Chapter 5:

Chapter 6:

Chapter 7:

Chapter 8:

Appendix:

Before the rise of the financial planning industry in the 1970 s, the cornerstones of personal finance were savings accounts, whole life insurance, and the home mortgage. Most peoples number one fear was speaking in public, not running out of money.

Steve Utkus

Do you want to become a millionaire overnight? If so, this book isnt for you! Instead, we are here to teach you how to find true financial freedom through a time-tested, antifragile system. Single-family real estate investing and whole life insurance policies are the means this system uses to achieve financial freedom. The means are important but not as important as the ideas and system that we are going to expose you to in this book.

When most people think about real estate investing, they think flipping houses, and they think high risk, and they probably think about the real estate crash of 2008 . What most people know about real estate investing is entirely false. We will debunk the most common lies and show you how to use the time-tested, antifragile strategy of combining real estate and whole life insurance to create wealth. Can financial freedom really be this simple? Does it actually work? Yes! This strategy does require some capital, but the true requirement is a mindset and intellectual curiosity to understand the financial system and how to leverage it.

Lets get started.

The Biggest Lie

Before we begin busting the lies of real estate investing, wed like to first discuss the biggest lie of all: the myth of the middle class. Here is our working definition of the myth of the middle class: Americans are encouraged to go to school, get a good education and good grades, work hard, pay into a retirement account, buy into mutual funds and qualified plans, and thenafter forty years of misery and delaying liferetire and do what we want. Right?

Wrong. Were actually stuck in a rat race. This is not the recipe to get what you want out of life and to live that life to its fullest. This is what weve been told, but its completely false .

Everyone hears this lie, and a lot of people accept it with no questions asked. People are blind to any opportunity thats not hour and dollar related. When you go to work and literally trade hours of your life for a fixed return that you only keep a portion of, thats a limited life. There arent many ways out of that. It is a tax-disadvantaged environment. We are here to offer alternatives and provide people with options.

The Approved Plan Isnt Working

The idea of retirement is ludicrous, actually. Incomes have stagnated, but expenses have risen. By saving money in conventional retirement plans, you are speculating on something you have no control over. Typical retirement savings are mathematically impossible. Most Americans live paycheck to paycheck and have no additional funds to invest or save. They are ill-prepared for retirement, and many employers dont even offer retirement plans anymore.

The uncertainty and volatility of the Wall Street casino makes it hard to know which way is up. Your (k) investments become (k) investmentsnearly cut in half based on a stock market crash or extraneous fees. Everything that Wall Street offers is a high-risk, volatile environment. Its an exhausting way to live your life, and this type of retirement plan puts all the risk on the investor for a very small reward. If thats not enough stress, the investor is taxed at ordinary income rates (either up-front or deferred) and pays penalties anytime they want to sell or transfer their money to another investment. If your balance sheet shows $, in a retirement account, cut that value in half. After fees and taxes, thats all youll be left with. Learn more by watching this video from Truth Concepts: https://youtu.be/GPdBhzWB.

The concept of retirement is flawed and its hurting people. Those who retire are no longer happy. Human beings need vision and purpose. They need something to do. That basic need doesnt end at the age of sixty-five. Only two-and-a-half generations have had Social Security and retirement even as a concept and available to them, and it is clearly not working. It can actually be detrimental to your health. In the article, Why retirement can be bad for your health, written by Caroline Parkinson in 2013 , the bbc states that retirement increases the chances of suffering from clinical depression by around %, and of having at least one diagnosed physical illness by %. Studies also show that working even an extra year has a significant decrease in mortality risk. Healthy retirees show an percent lower mortality risk by staying in their job those extra twelve months.

Humans dont have an inherent need to retire or to stop working, but they do need to sustain their existence. They need to be able to sustain their basic needs of food, water, and shelter. In financial terms, they need to be able to cover their expenses. Retirement messaging is incomplete. People are told that retirement means quitting their jobs, but it should be defined as, stop trading your precious time for money. In order to achieve this, a person needs enough cash flow to equal their expenses. They need to be able to fund their lives without active income. Conventional retirement plans are supposed to do that, but they are based on deferment plans and are failing miserably.