If you invest your hard earned money in any outside agency, it’s in your best interest to check that company out. Make sure it’s financially strong. Perform your own due diligence.
This process of checking out a company is called vetting. It’s not always a straightforward process. Sometimes even with the best due diligence, you can get it wrong.
For example, did you know that some outside rating agencies gave Lehman Brothers a “Buy” rating the day before they announced their bankruptcy in September 2008?
The fact is, in an industry as complicated as the financial one, you can’t always get it right. We’ve made a few mistakes along the way, too. But in the process, we’ve learn some new things and valuable lessons.
The good news is that you can greatly increase your chance of “getting it right” with a thorough and complete vetting of every company you invest in.
And that’s why we are pleased to announce that the Bank of You is currently being thoroughly vetted by EVG expert Paul Haarman.
Technically speaking, Paul is actually vetting the company that maintains the Bank of You on your behalf.
That probably requires a quick explanation for those of you who haven’t yet gone through Lesson 2. Or a quick refresher if you are still confused about what a Bank of You is (we know you’re out there based on reader feedback we get).
How a Bank of You Is Different Than a Simple Savings Account
First of all, a Bank of You is not just saving up your own money and borrowing from yourself.
Some of our members still have the idea that a Bank of You is just store a pile of cash that you hold in a safe in your home. Their idea is that you just borrow that money from yourself rather than from a traditional bank whenever you need a loan.
A setup like that could work, but it’s not going to protect you during inflation and it’s certainly not going to supercharge your returns like the EVG Bank of You can.
The Bank of You that Paul unveils in Lesson 2 leverages some unique properties of permanent life insurance.
It acts a lot like a special savings account at a financial institution. You deposit money into it and they pay you interest on your deposits. But it’s so much more than just a savings account.
Some of the additional features include the fact that it shields your money from view of your creditors. For example, if you get sued, they typically can’t touch your Bank of You.
And a really unique feature is that you keep getting paid interest on your full deposit amount even when you are borrowing money against it.
Plus, as we’ve written about in the past, you can even earn money on the “spread” when you borrow from it ... if you set it up correctly.
EVG Helps You Set Up a Bank of You for Maximum Profit
That’s where EVG expert Paul Haarman comes in. He helps you set it up correctly.
In fact, Paul is easily the premier expert in the world on this technique.
Other financial advisors teach something similar to our Bank of You. They call it Infinite Banking, and there are hundreds of Insurance companies you could choose from to set up an Infinite Banking account.
But there are only three financial companies that can set you up with a Bank of You ... and allow you to pull off the arbitrage we’ve previously described as “cloning” your wealth.
Paul has been working extensively with one of those three companies and has successfully set up hundreds of positive-yield Bank of You accounts for EVG members.
By the feedback we’re getting, these members are ecstatic about the ultra-safe, high-yield returns they are getting.
Still, many of our readers wonder: will a Bank of You be a safe location for their money ... especially if there’s another financial collapse like 2008 or any other kind of economic meltdown?
So Paul has been busy vetting this company to make sure your retirement money will be safe and secure in an EVG Bank of You.
Steps to Vetting the Bank of You
So, how do you go about vetting a large financial institution?
First of all, you look at their public financial statements.
In the highly regulated insurance and financial industries, such financial statements are available to investors and potential investors.
It’s an important step, and it’s a great start. But everyone also knows that some rogue corporations have been able to “cook the books” in the past.
Using a variety of accounting tricks, these corporate thieves have fooled regulators, the general public and even their own investors.
Enron is an example that immediately pops up in many people’s mind, but Lehman Brothers did the exact same thing before their 2008 collapse.
So, just looking at public financials is not enough. You also want to see what industry watchdog groups and rating agencies have to say. These companies are like the Better Business Bureau for the financial industry.
They discover and point out problems that the company itself tries to gloss over.
Paul Haarman has already taken both these steps and completed this general aspect of his vetting process with the Bank of You insurance carrier he uses.
Now a lot of average wealth strategists might stop at this point and say “good enough.” But...
EVG Isn’t Satisfied With “Good Enough”
You see, if you want to vet a company thoroughly, you need a more boots-to the-ground research approach.
How do you do that? Well, for manufacturing companies, you would go out and visit the plants, talk to the workers, the supervisors, the middle management. Check out the quality of the raw materials. See how the product is stored. Transported. Things like that.
For a mining company you might don a hard hat and work boots. Trek out to their remotest mining sites. Check out the quality of their ore. Verify the size of their claim with an on-site presence. Whatever it takes.
So how would you similarly vet a financial company? There are no factories, no physical product.
First, you have to establish that their “product” is their ability to manage money.
Then you need to figure out how you’d physically investigate that “product.”
The best way would be to talk to the people who manage the company itself -- and its money -- at the highest level.
We’re talking about the top brass. People like the Chief Executive Officer (CEO), the Chief Financial Officer (CFO) and the Chief Investment Officer (CIO).
Now, if you could talk to just one of those top “Chiefs” in a company, you’d have a real leg up on the vetting process. If you were able to get access to two of those top-dogs, you’d really be in good shape.
Trying to arrange a meeting with all three? Well, that would be a nearly unattainable feat.
You see, when you’re dealing with multi-billion dollar corporations, access to the big bosses is next to impossible.
With millions of clients, they just don’t have time to talk to every investor. Their calendars are booked solid for months, even years.
And their executive secretaries have built up multiple layers of protection. You don’t just phone these guys up. You have to plow through multiple gatekeepers and jump through a lot of hoops.
Unless you’re EVG expert Paul Haarman
Through his industry connections, Paul was able to meet the CEO of the main insurance company he uses for the Bank of You. And it wasn’t just a quick handshake meet and greet.
Paul grilled him extensively and came away thoroughly impressed ... and assured that his money and yours is safe in any Bank of You sourced out to this company.
But that’s not all Paul came away with. The CEO was impressed with the overall vision of The Elevation Group and what we are accomplishing for our members.
So he agreed to give Paul direct access to the CFO and the CIO of the company.
In fact, they have agreed to fly to Austin and meet with the EVG executive team and possibly even film a lesson for EVG members.
We can’t tell you exactly when this will happen, or what form it will take. But it is in the works, and you, as an EVG member, will get exclusive access as soon as it happens.
This is really groundbreaking news in our industry. And it will be of huge benefit to you as a member.
Get Started With Your Own Bank of You Now if you haven’t yet looked into Lesson 2, or haven’t yet attempted to set up a Bank of You, now is a good time to jump back into your member’s area and check it out.
Setting up a Bank of You isn’t difficult, but it does require some time. It’s not as easy as just plunking your money down and saying “sign me up.”
There are forms to fill out and waiting periods involved.
The sooner you can get your Bank of You set up and funded, the sooner you can start using its incredibly powerful features...
And start ratcheting up your own net worth.
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