Book details

  • Genre:business & economics
  • Sub-genre:Finance / Wealth Management
  • Language:English
  • Pages:92
  • eBook ISBN:9798998708626
  • Paperback ISBN:9798998708619

FUNDING SOLUTIONS FOR SOCIAL SECURITY AND MEDICARE

A GENERATIONAL WEALTH SYSTEM VS A GENERATIONAL COST SYSTEM

By Stephen Oyler

Overview

After studying the Social Security systems of 183 countries, it was found that no country is using a generational wealth system to improve and sustain its system. This system can reduce costs to zero once initiated and increase benefits. It is possible to use across several government systems, not just Social Security. Each person, no matter the circumstances, can build a sustainable, above poverty level retirement fund. This addresses the current issues, including increased longevity, lower birth rates, and trust fund depletion. Financial literacy can be learned through this process. The generational wealth system uses the most valuable asset: Time. Every country could use this system to lower costs, improve results, and have long-term financial health. This reduces each country's and its citizens' financial stress, leading to better, happier lives.
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Description

After studying the Social Security systems of 183 countries, it was found that no country is using a generational wealth system to improve and sustain its system. This system can reduce costs to zero once initiated and increase benefits. It is possible to use across several government systems, not just Social Security. Each person, no matter the circumstances, can build a sustainable, above poverty level retirement fund. This addresses the current issues, including increased longevity, lower birth rates, and trust fund depletion. Financial literacy can be learned through this process. The generational wealth system uses the most valuable asset: Time. Every country could use this system to lower costs, improve results, and have long-term financial health. This reduces each country's and its citizens' financial stress, leading to better, happier lives.
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About The Author

About the Author Learning about generational thoughts began in November 1963, after watching multiple speeches by President Kennedy. He proposed a government focus to benefit future generations. Being motivated by Albert Einstein to learn about the immense power of exponential growth using compound interest is a great benefit. He said, "He who understands it, earns it; he who doesn't, pays it." - Albert Einstein. Having 401 (k) and IRA accounts created by the government is a great way to learn about financial literacy. The longer they are active, the more amazing they become with compound interest. Using problem-solving techniques is the first step in resolving issues. First, define the problem. Second, determine the root cause of the problem. Third, take corrective action, which may include thinking outside the box to resolve the problem. Fourth, review and measure results. Use these steps again if necessary. Spending years on various boards and committees, helping to fund charities, including endowment funds, teaches how to earn investments and use the proceeds to help those in need.
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