THE PROBLEM – INTERGENERATIONAL POVERTY CYCLE IS HERE
We are headed for a crisis! Perhaps the largest inter-generational poverty cycle is about to strike.
First – children with disabilities as they become adults and will most likely miss the new job/skill cycle. Their parents would have never perhaps planned how to keep wealth for them or their children because of the COVID crisis. The safety net offered by social security will soon be gone with the $Trillions of welfare. This will bankrupt the entire system ( hopefully not ), but those dependent fully on social security checks will go through the worse times of their lives in the future if parents don’t take action now.
The Second being the student debt cycle. Yes, doesn’t matter how meritorious the student is – college will be expensive, much more than it is today. Parent’s will either starve their own retirement to have their children go through college, and yet have debt that will require 10+ years to pay off. The student will delay their entire growth cycle just because they will slave off years to pay the debt off if their parents don’t partially fund it.
Financial Literacy and Planning is the only way. Understanding, which financial vehicle can stop that cycle is the only key. There is no escape. We all need to build the education and investment strategy now when the children are young. Money is then a function of time.
PROJECT STARFISH FINANCIAL EDUCATION PROGRAM
Project Starfish launches a brand new program to help students and parents with children with disabilities get out of debt and prevent the poverty cycle from decimating their next generation. The faster you act, and faster you learn the financial skills of the wealthy, the better are your chances.
Below are several videos for students and for parents who have children with disabilities. Our focus is to help families.
(FOR PARENTS WITH CHILDREN WHO HAVE DISABILITIES)
There are two videos that are outlined to help parents who have children with disabilities. Please note these financial vehicles are complex and need to be modeled extremely carefully.
Video 1: Understanding the problems and understanding the concept of Infinite Banking.
Video 2: For Parents to understand the details of Infinite Banking. This is a 40 minute full fledged video and will take you through a lot of details. You just have to understand the basics here. Stop the video if needed and check the $ numbers when needed.
FOR PARENTS : HELP INVEST IN YOUR CHILDREN AND IN SOLVING THE STUDENT DEBT PROBLEM
The video below is meant for students and their parents and is quite detailed. Please go through to understand why a typical 529 will starve your retirement and prevent the student from getting out of debt. The answer again lies in Infinite Banking!
WHAT WE DO & HOW WE HELP
Simple. We reach out and educate the masses! Education and understanding financial vehicles is the key, followed by understanding tax laws and estate laws. We reach out to schools, colleges, parent groups on Facebook etc.
Final video: We have been fooled! Take a look at this 5-minute video. Schedule an appointment with us for details.