Disillusioned By Hard Truths about Wall Street and
Securities, the President/CEO of Living Wealthy Financial Group
Uses the Revolutionary System to Help Hundreds of Clients
Teresa Kuhn finds it fascinating how the use of certain words in business can fool people. The renowned financial advisor – now President/CEO of Austin, TX based Living Wealthy Financial Group — had worked in the Securities Industry while pursuing her degree in finance at the University of Miami. Teresa soon found that she did not feel comfortable working with products that could cause her clients to lose their savings overnight. Despite their name, securities are not secure investments and can be negatively impacted by fluctuations on Wall Street, real estate, and the economy.
She returned to the financial world in the mid-90s working for a large real estate developer, after several years as a personal injury attorney. She started investigating, and came to realize that everything she had been taught in business school and law school about how money and the law really works was, in her words, a “big fat lie.”
Reading G. Edward Griffin’s groundbreaking 1998 book “The Creature from Jekyll Island: A Second Look at the Federal Reserve” opened her eyes to who really controls the money supply in the U.S. She learned that “Securities” was just a clever name for investments that offered no security at all.
Kuhn also came to believe that Wall Street and banks have brainwashed people into believing that they have no choice except to expose their money to risk in order to prosper. “Wall Street has spent billions programming us that they’re the only solution to retirement planning,” she says. Following a time of deep disillusionment, she made her way back into the financial world – finding a path to be of service to others on her own terms – and has made it her life’s mission to let people know that they do have alternatives.
Knowing that she needed a new path that was congruent with how she knew money really worked, she continued working with real estate and other safe money strategies before discovering the power of Bank on Yourself, the tried and tested money management system, branded by Pamela Yellen that has led thousands of people to safeguard their finances and build wealth. This system has been proven for more than 160 years and used by hundreds of thousands of people.
With hallmarks that include true financial stability (i.e., real security for the investor) and increased cash flow and access to it, Bank On Yourself is an innovative, non-traditional approach to money management that, by creating financial security in uncertain times, has led thousands of people – including Kuhn herself – to safeguard their finances and build wealth.
Since Kuhn started her first Bank On Yourself policy in 2005, she has, via her firm Living Wealthy Financial Group, helped hundreds of individuals, families and business people protect their loved ones and grow their wealth without risk or worry, reduce their taxes and achieve their dreams of financial security. She is one of only 200 financial advisors in the U.S. who have successfully completed the rigorous training program and continuing education required to become a Bank On Yourself Authorized Advisor – and is currently one of the system’s top advisors in the country. At the present time, she and her husband David have eight Bank On Yourself policies.
In 2013, she co-authored (with Yellen) the bestselling book “The Secret to Lifetime Financial Security,” which includes chapters by other industry mavericks who are changing the world’s views on finances. Kuhn also shares her expertise over the local airwaves, hosting Living Wealthy Radio, a financial fitness and life-style program on Austin’s talk radio 1370 AM KJCE from Noon to 1 p.m. on Sundays. The program features interviews with some of the top experts on personal finance, credit and lifestyle. She also teaches seminars and has created various webinars to educate prospective clientele about Bank On Yourself and the nuts and bolts of investing in dividend paying whole life insurance.
“Economies rise and fall, banks go under, stock markets fluctuate…but the Bank on Yourself strategies give control back to individuals as it takes control away from institutions,” Kuhn says. “This book gives more Americans access to the principles that allows people to take back control of their financial security. I was honored that Pamela approached me to contribute to its success.”
Yellen is quick to tout Kuhn’s passion in sharing the Bank On Yourself system with her clients and everyone else in her sphere of influence: “Teresa embodies the concept of ‘mastery’. Teresa set her mind to mastering every aspect of it and has succeeded at doing that. She is a consummate professional and her clients can be absolutely confident that no detail of their financial plan will fall through the cracks. Teresa has my highest recommendation.”
For Kuhn, a major part of being a Bank On Yourself advisor is the challenge of teaching her clients to think differently about their finances from the concepts that have been ingrained upon them their whole lives. “We are taught that 401(k)s and IRAs are the way to build retirement funds,” she says, “but we should also be building up savings that are not dependent on fluctuations in the market but are safe and secure. So if you need to buy a car, make a down payment on a house or lose your job, you have that money accessible. Most of my clients have been taught to save some but invest the rest, but the remainder of this money is at risk.
“I tell them, ‘After you have a foundation in place, if you choose to invest your other money the conventional way, that’s fine,” Kuhn adds. “We work with everybody, evaluating and analyzing where they are today and educating them, filling in the gaps about Bank On Yourself to see if it makes sense for them and can provide the right solution based on their objectives and current resources. For me, Bank On Yourself is foundational and most individuals, families and business owners can benefit from it. I believe that when people feel safe and secure, they become better investors because they’re not worried about losing all their money. But for whatever reason, if they don’t qualify or are not in a position to save money, we will work with them to find a better place to park their money.”
She has learned the importance of being flexible so as to best serve their needs. Some clients, for instance, have a big nest egg and some want to put money from their savings into Bank On Yourself, while others want to save money or put it into IRAs. Others want the money they will pass down to the next generation protected. Still others want to save money for their kids’ college in a safe place, or simply save money to retire on. “It’s all about what my clients are trying to accomplish,” she says. “Our process is about digging deep into finding that out. We create a three years from now scenario, asking ‘What would have to happen for you to have made progress towards your goals?’ The answer to that helps determine whether Bank On Yourself is the right fit.”
Kuhn says her main goal with her Bank on Yourself clients is that their financial foundation be rock solid so they can sleep well at night – and should they die prematurely, there would be money left behind for their family and loved ones. Because of the many nuances and complexities of the Bank on Yourself system, she suggests that prospective clients do some reading and research on it before they meet with her. As part of her investment in solid prospects, she is happy to send potential clients books and CDs with information about Bank On Yourself.
“If they are willing to invest the time, I will invest the tools, so that when they do the research, they will see that this really works, which is win-win,” she says. “My clients sleep soundly at night knowing that their money is safe in their Bank On Yourself policies and have it growing for retirement. They have the full support of myself and my staff when questions or additional needs arise. My bottom line is to make sure that my clients never lose a dollar of their savings to fluctuations in Wall Street, real estate or the economy.”