The Bank On Yourself Revolution: Fire Your Banker, Bypass Wall Street, and Take Control of Your Own Financial Future

by Pamela Yellen

New York Times bestseller

Do you know what your retirement account will be worth on the day you plan to tap into it? Do you know what the tax rates will be for the rest of your life? Do you know how long you're going to live? Most people have no clue...and that's the problem with conventional financial It's based on things you can't predict or control. Wall Street lost more than 49% of the typical investor's money - twice - since the year 2000. And studies show that because they followed the conventional wisdom, almost half of all Boomers won't have enough money to cover even basic living expenses during their retirement years. 

In The Bank On Yourself Revolution , financial security expert Pamela Yellen details how hundreds of thousands of people of all ages and incomes have bucked the system to secure their families' financial futures without gambling in the Wall Street Casino or taking any unnecessary risks. You'll discover a proven step-by-step plan for growing your wealth safely, predictably, and guaranteed every single year - even when the markets are tumbling. And you'll learn how to bypass banks, credit card and financing companies to become your own source of financing for cars, vacations, a college education, business expenses and other major purchases.
You'll also discover a time-tested alternative to 401(k)s and IRAs, how to reduce the taxes you'll pay on your retirement income, and how to stop worrying about when the next market crash will wipe out much of your hard-earned nest-egg again.

The Bank On Yourself Revolution isn't a "get-rich-quick" scheme; it's about having real wealth and financial security for as long as you live. You can finally know how much money you'll have next year, in 10, 20 or 30 years - and at every point along the way. Join the Revolution and take control of your own financial future!

304 pages, Paperback

First published March 22, 2016

Reviews

[Stuart · Rating 5 out of 5]

Should be required reading for everyone. This might be the best financial book I’ve read and I’m a financial advisor. I met someone recently whose business card says something along the lines of those who know consistently take advantage of those who don’t. No truer words have been spoken. This book goes a long way in providing top notch financial education to those that will listen.

[J Chad · Rating 3 out of 5]

First, the bad and the ugly:
This book was difficult for me to read because the first section is like a written infomercial (Want to know more?! Read Chapter 3! Curious about how to get rich?! We’ll tell you later!) but with a colloquial style that includes incomplete sentences and slang throughout. In addition, there are some logical errors (the preferred type of insurance is presented as “savings” in contradistinction to “investing” but is touted as an investment literally two pages later. The final chapter is entirely dedicated to trying to convince the reader that only an agent certified by the author’s company could possibly know how to do this, yet this is clearly not the case (some of her own agents are also certified by the “Infinite Banking Concept” group which is essentially identical).
Second, the good:
The practical explanations of how this approach is implemented and why the type of insurance used is critical are very clear and helpful. The sections on how this approach might be used for various goals are also helpful. I would say that if you’ve read Nelson Nash’s book, which has a much better philosophic underpinning, that you should read this one for the practical application.

[Andrew Coltrin · Rating 1 out of 5]

Reads like an infomercial. I’m skeptical.