Save $3,000 using our Tricks Save $3,000 a year-mutual funds, securities, insurance, etc. Buy online-skip the "middle-people" markup. Buy only what you need-with discounts. Use a Tax-FREE account-never pay taxes. You can save on all your financial needs by using the same quality providers we do as industry insiders. You don't pay retail. You get the highest quality products and services without the middleman markup. You learn about the discounts and the extras that provide little to you but cost a lot. Savvy buyers of all ages are shopping for almost everything online FIRST. Eventually, they come to realize that their financial advisors are not worth the costs. Advisors are salespeople and cannot predict the future. Many studies have shown that their stock selection performance is worse than using index funds. Each year, the industry takes over $600 billions from our accounts. Over time the 1-2% costs can take up to 63% of what we would have had in our funds. Most investors would be better off taking master investor Warren Buffett's advice: "A very low-cost index [fund] is going to beat a majority of the amateur-managed money or professionally-managed money." This is the first place to illustrate how you can save $3,000 every year. In my experience of 20 years in the industry, this one change can make a huge difference to your success in creating your wealth. Trading is hazardous to your wealth. Costs kill! Likely, you are paying fees for things in your accounts you don't even need. You are probably using companies that are in business to serve their sales staff and their stockholders more than to serve you. Insurance is another example: Same underwriting and same AMBest rating A+. $300,000 30 year term coverage. For-profit company $983 a year; not-for-profit company $384: $599 difference. Over 30 years, $17,970. If invested -- $175,000 nest egg. It takes only an hour to start building your tax-FREE wealth account.
About the Author: Dan Keppel has been helping people find financial services that fit their lifestyles since working in a securities firm, an insurer, two banks and his own "money coach" service. His book, The Insiders' Guides to Buying Discount Financial Services: Buy Direct and Save $3,000 Every Year, shows you how, what and where to buy financial products like industry insiders do-directly from the highest rated companies for less. He edits TheInsidersGuides.com and was an adjunct at a local college. He lives in Montclair, NJ with his wife, daughter and two cats, Anu and Katze.