| A few years ago the U.S. Government said that Social Security would be depleted by 2034. But according to more recent projections… Social Security will run dry by 2033. Now… The important thing is that Social Security payments will not stop if the fund is depleted. That's the good news. The bad news is that Social Security payments will only pay out 70% of the promised amount - OR LESS. Now that might not sound so bad. Even though Social Security wasn't going to make anyone financially free… It SHOULD be enough to live on right? So 70% of it will be tight but not unmanageable right? Wrong. Because that 70% DOESN'T take inflation into account. Prices are still up 19% on average over the past 3 years… And historically once the price of life goes up - it never comes back down. At least not permanently. So in the last 3 years prices went up 19%. In the next 10 years, Social Security is going to pay 70% of what it does today. (ie. 30% less than it does right now) And EVEN IF inflation slows down to the 'normal' rate of 3% per year… You'll have 30% less buying power by 2033 EVEN IF the Fed manages to slow inflation down. (which, let's be honest, is optimistic at best) So suddenly we have this perfect storm where inflation is up 19% + 30% best case scenario… And Social Security is set to pay you 30% less in 10 years. That means you'll have ~50% less buying power with 30% less income. Or the other way to look at that… Is that HALF your Social Security just disappeared into thin air. And that's the best case scenario. Now I'm not trying to be all alarmist and doom and gloom. Because the way I see it… There are two options: You can sit around and do nothing (and then end up stuck or scrambling like everyone else)... Or you can count yourself lucky you're seeing things NOW… And GO HERE to take action and write your own Social Security check. To your wealth and prosperity, Bob Diamond P.S. I know things can look discouraging from the outside. But the truth is… Most fortunes are made during the worst economic times. And although I feel terrible for the people who are going to struggle when Social Security runs dry… P.P.S. If you found this email useful… Please forward it to a friend or family! Bob is a practicing real estate attorney, real estate developer, and published author of three books on foreclosure investing. You may be familiar with Bob from his appearances on FOX, NBC, or CNBC or on his real estate radio show. A graduate of Villanova University in Finance and Temple law school, Bob started his real estate career in 1991 as the manager of REO (bank owned) real estate foreclosing and disposing of these properties. While at Meridian Mortgage, he was modifying loans before anyone even coined the phrase back in the 1990's, most importantly he learned about how banks really work. Bob attended Temple Law School earning a number of negotiating contests while in law school. In 1993 upon graduation from Temple Law school he started practicing law with Rolf Marsh in Media PA. Bob quickly gained a reputation for litigation and negotiation and was recruited by Cozen O'Connor's real estate law practice. Cozen O'Connor is one of the 100 largest law firms in the US and has over 500 attorneys. Bob gained valuable training and insight during his time at Cozen and handled many large banks and portfolios of assets. Over the past 20 years, Bob has personally been involved in the negotiation of over $100M in real estate transactions as counsel, advisor, investor or agent. His investments cover both commercial and residential real estate using advanced real estate investing techniques including buying discounted liens, notes and judgments, buying out of bankruptcy, short sales, taking under and subject to, straight equity purchases, multi-units and condo conversions. Bob is the Managing Attorney for the Diamond Law Center and oversees the screening and performance of our network of attorneys who provide an array of services including tax sale overage recoveries. Bob is actively managing over $2,400,00 in overages cases. Bob grew up around real estate investing, his Father and Grandfather had Apartments and even a little restaurant! With some "paint under the nails" and plaster in his hair Bob was having fun at 8 years old with his brother "helping" with rehabbing apartments as they turned over! Bob grew up playing ice hockey, did Chinese Kempo Marital arts, skateboarded and is an accomplished skier. He also loves riding his motorcycle on trails in beautiful areas. Bob has headed the vestry at his church in Finance previously and has always had leadership positions in life as he is a very kind trustworthy guy. |
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