What are the classes of wealth building assets that are affordable and effective for a family to purchase with their current household income and savings? The typical appreciating assets people think of purchasing as a wealth-building vehicle include: Intangible assets such as stocks, bonds, ETF, 401(k) s, IRAs and insurance. Tangible asset classes are primarily real estate and businesses.
However, the challenge and barrier to purchasing these tangible assets classes is they usually have higher up front costs thus requiring the use of credit and debt. They are therefore often identified by families as having a higher barrier for entry and greater potential for risk of failure. These perceptions often lead to stagnation and procrastination.
In addition, another primary reason why most families do not save enough, or invest little is that they have been conditioned to believe they will have to sacrifice their current lifestyle standard. Therefore, they act on the notion they do not have enough “extra” money to save and invest. The other reason they cant get started acquiring assets is they feel they can’t succeed until they save enough money to make a “good” down payment on owning valuable assets – tangible or intangible.
The7K Wealth Strategy is an effective and very affordable wealth building approach for individuals and families. It is one that makes it easy and fun to acquire appreciating assets that are affordable for everyone and it can be done with no debt. You simply redirect saving and cash regularly through our Mint State 70 (MS 70) “Coin of the Month” program and then consistently purchase precious metal assets that are almost certain to appreciate over time.
If you chose not to invest and instead leave your money in a savings account, things such as inflation and the constant devaluation of the dollar are consuming it daily. In today’s low interest environment savings in the bank are worth less every single day. Moving a portion of your savings to purchase appreciating precious metal assets is the path we are convinced produces the best result in true wealth. In the end it is only results that matter.
According to the survey by Charles Schwab, a person today needs an average of $2.4 million to be considered a wealthy person in America. They surveyed Americans, aged 21 to 75. Only about 10% of Americans have a net worth of $1 million or more, according to a 2017 report by investor research firm. If your family had purchased one MS 70 American Silver Eagle coin per month since 1986 your coins would potentially have the value of over $1 Million dollars in todays collectors market.
There are questions that are probably at the top of mind at this point.
- What precious metals should you buy?
- Where can the typical family buy precious metals made available by the U.S. Mint?
- Who can I trust to buy them from?
- How can my family get the best possible price when purchasing precious metals?
- How will I know if I am getting the best deal?
- How much should I buy?
- How can I afford more of it?
The 7K Metals Wealth Strategy is built on making precious metals from the U.S. Mint and around the world available “at cost” wholesale prices through an annual membership like Costco’s. It is designed to be your source for the best possible answer to your needs. Our goal is to provide the tools and confidence you need to launch of your own wealth and legacy building endeavor with the highest confidence.
As you learn more about owning Gold and Silver you will also learn there are many reasons for owning them. Here are some examples:
- Wealth accumulation through ownership of valuable appreciating assets
- Wealth preservation as a hedge against poor government decisions.
- Wealth insulation as a hedge against the continuous devaluation of the dollar
- Portfolio diversification protection against volatility in the markets
- Economic hedge against inflation. Economic depression and recession.
- Tax benefits from certain sales or transfers that are free from tax obligations
- Coin collecting