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“CRASH PROOF WEALTH”

The Roadmap to Wealth and Independence
with Peace of Mind

ABOUT THE AUTHOR

Phil Chomo grew up in Worcester, MA in a family of three boys with immigrant parents. One of his strongest memories in early life is that he always worked. In grammar school Phil delivered morning papers and had once received about $25.00 in Christmas tips. His mother had asked him to give that money to his father who had been laid off from work. Phil was so pleased to be able to help his family.

Throughout high school Phil had, at times, caddied, washed cars, and worked shining shoes including Friday nights, all day Saturdays, and on Sunday mornings for $5.00 pay and tips. He also worked as an office boy in a law office. He knows that working played a big part in influencing his character. This gave him profound respect for the time and effort it takes to provide for one’s family and their needs. Phil graduated from Northeastern University with a B.S. in Industrial Engineering, and completed his military duty serving in the Military Corps.

Phil, his wife Sandra, and three children, attended St. Demetrios Greek Church in Weston where he served on the board, was a member of the choir for 38 years, and president of the “Fifty Somethings”. For Phil, his philosophy is that the Lord has given him quite a journey from the cold water, three-decker tenement in Worcester, to their current life on Nantucket Island.

In his spare time, Phil loves to read, cook pancakes on Sunday mornings, fish, clam, practice Chi Gong, entertain, tell his grandchildren funny stories, and sit on the beach with his wife and a bottle of rose, watching the sunset over Madaket Beach.

The most important things in Phil’s life is to strive to be a good husband, father, grandfather, friend, and advisor. For him this is an ongoing project that he many times succeeds at, but at times fails miserably. For him, life is not so much the goal but more so the journey. Every day might offer a new lesson.

Phil has spoken before many groups about his own integration of body, mind, and spirit into all aspects of life. He has practiced the Chinese art of Chi Gong for over 25 years, where the goal is to rid your body and mind of all toxins. This inner life flow helps maintain health and compliments the awesome power of the Holy Spirit. Phil’s wife won’t allow him to go to bed without him completing his Evening Meditation. Without the Meditation, he snores!

What is Crash Proof Wealth?

Say goodbye to the worn-out advice that has you on a financial roller coaster. Contrary to what the Wall Street media machine promotes, you don't have to risk losing your hard-earned money to grow wealthy. There is a simple and clear plan to grow wealth with peace of mind. This book will give you the blueprint of how to do it.

Here's What You'll Learn From This Amazing Book:
  • Create Retirement Income You Can Count On: When will you run out of money in retirement? Most people have no idea. Learn how to create cash flow to last the rest of your life.
  • How you can use the same growth strategies of the ultra wealthy?
  • Why the world's first Billionaire John D. Rockefeller said, "If I had to give any advice, it would be to keep out of Wall Street."
  • Know the Truth about 401(k) taxes and fees that could end up costing you tens of thousands.
  • Financial Gurus Exposed: Does Suze Orman practice what she preaches? Does "Mad Money" Cramer's advice work?
  • How to "Finance Yourself To Wealth" and reduce or eliminate interest paid to banks and credit card companies.
  • Grow Your Money: How to get potential double-digit growth on your money during good years, but never lose a dime in the stock market when it crashes.
  • Don't Trust Washington Politicians to Lower Taxes: Take control of your tax liability by putting yourself into a Zero Percent Tax Bracket in retirement.
  • Protect Your Money: Never lose money again during market crashes or corrections due to economic recessions or catastrophes.
  • Outpace Inflation: Bank accounts and CDs aren't even keeping up with inflation. Learn strategies to safely grow your money at a rate that outpaces inflation so you aren't losing buying power.
  • Alternative to 401(k)s and IRAs: Maintain control and access to your money throughout your life without all the red tape of government qualified plans.

“Successful retirement is defined as a stream of income sufficient to sustain your chosen standard of living.

That standard of living is measured by income not the value of a pile of money.”

The Lump Sum Illusion

"What we need to be focused on is creating an INCOME not just a lump sum."

“There’s a big difference between wealth and income.

Knowing I have a million dollars doesn’t tell me the lifestyle I can enjoy from that million. What we care about is the lifestyle.

So you can forget fund values, income is all that matters. Just knowing how much money you have doesn’t tell you how you can live. You need to know how much you can buy.

The primary concern of the saver remains, what it always has been: Will I have sufficient income in retirement to live comfortably?”

— Robert C. Merton

6 Retirement Risks

Protection Risk

An untimely death or accident can create additional stress and financial pressure on our closest loved ones if we don't plan ahead.

Market Risk

A single 20% or 30% market crash can not only hurt your account balances, but it can cause you to run out of money years sooner.

Tax Risk

CPA and Tax Expert Ed Slott says “Taxes are a larger risk than market crashes.” If you have all your retirement income in qualified plans like IRAs and 401(k)s that require you to pay taxes when you take the money out, you have a huge tax liability.

HEALTH CARE RISK

Statistics show that long term health care costs can be the largest expense in retirement. What have you done to protect your nest egg and your family from being hammered by this expense?

INCOME DEPLETION RISK

Will your nest egg provide enough income to give you the retirement you want, for as long as you live? Most people have no idea.

LONGEVITY RISK

Longevity is the great RISK MULTIPLIER. Do you know how long you will live? Hopefully a long prosperous life. Longer life spans multiply the likelihood of each of these risks happening to you.