Jim Mckennon realized that he made a big mistake in his last statement and he wants to correct it. He previously said that when you put an amount of thirteen hundred and sixty-five thousand a year on CAB (Child Asset Builder) for five years, then when you turn 70, you can take out about two hundred thousand dollars a month. This is wonderful! However, this is not true.
Well, actually he made a mistake. It is actually two hundred thousand dollars a year tax-free. This is phenomenal, the fact is you are only putting in about sixty-five hundred dollars and you can take out two hundred thousand dollars a year by the time you reach 70 to 100 years. And if you need it for another reason then you can always borrow it.
How to Access Child Asset Builder
If you want to know more about Child Asset Builder, then you can use Google Chrome or any other browser and just type www.moneymgtinc.com. Look for “If you would like to read the Child Asset Builder Booklet, please click on the following link, Child Asset Builder” then you can get the book. All you have to do is start turning the pages.
Actually, Jim does not have any idea how many have already read the book. Maybe a thousand or maybe no one. However, he hopes that a lot of people are reading it because this is a phenomenal plan. He knows that you love your children, grandchildren, or great-grandchildren, if you have, as much as he did. If you want to ensure them financially in the future, then you can start as much as twenty-five thousand dollars a month. In fact, you don’t have to do a hundred dollars a month.
Jim also talks about Danny Raspberry who bought burnout buildings that nobody wants and completely remodel them. Downtown law is now a thriving business thanks to Danny Raspberry. Danny also has an insurance marketing group. Jim says that insurance companies no longer give contracts to private producers like him. They want big businesses. So, they go to people like Danny who might have four or five hundred people in his group. And then they license through Danny and all the groups. So, CAB is licensed through Raspberry.
Love Letter
Jim advises wives to get their husbands to write them a love letter. What the love letter does is it will tell you what to do if your husband dies. What if your husband had a car accident and you don’t know where the important documents are?
Your love letter should consist of your bank accounts, life insurance policy numbers, where these policies are stored, information about the mortgage of the house (if there is any), credit card information, car loans information, retirement plans, etc.
Jim talks about his father-in-law who was in the military and died of a heart attack. He is a life insurance agent of New York Life and after he died, Jim and the rest of the family go over his staff. They discovered ten insurance policies, most of which are life insurance. Unfortunately, they do not have any clue if they were enforced or not.
So, they have to call New York Life to find out if the insurance policies are still enforced. This created a problem because his father-in-law is the owner of the policy, his mother-in-law is the beneficiary. New York Life will not give information to anybody except the owner unless the owner was deceased. So, they told the insurance company that he was dead, but they have to prove it. So, they have to wait until they got the death certificate which took about three weeks.
The moral of the story is if you’ve got insurance policies and you are no longer paying for the prime amount then you have to get rid of them. In this way, if you die then your widow will not be going through all these things. Ladies should hound their husbands to write this love letter. You might think that your husband will not drop dead, but it happens every day. Jim says that he wrote his love letter to his wife so she will know about his insurance policies, what companies they came from and what are their phone numbers. If they are not enforced, then he will just throw them away.
Jim reminds us of two things. First, ladies should get their husbands to write those love letters. Second, you should check out CAB, each page only takes 3 seconds to read.
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