Build Wealth & Spend It All

You can build wealth.
You need to protect your retirement savings from future nationalization, taxation and redistribution.
You deserve to spend everything you have earned and saved before you die.

This is not a novel to numb the pain in your life for just a couple of hours. It is a tool box with the tools you can use to fix your life…forever.

Dr. Riggs has been building wealth for over fifty years through several very different and very successful careers, each of which made him a multimillionaire. In this book he explains the three basic and easy to understand financial concepts anyone can use to both build and protect their wealth.

But it was only during this past year, while he was visiting his 96 yr. old mother in a nursing home, that he gain insight into what awaits most of our retirement savings.

The money his mother had earned as a public school teacher and had frugally saved for over 50 years was rapidly being drained away as she dozed off in her chair. They were taking it simply because she still had it; while other residents who had already enjoyed spending their money, were now getting a free ride.
He had advised his mother and father how to save, when he should have advised them how to responsibly spend.
He suggested economical investment tools, when he should have suggested enjoyable experiences.
He encouraged financial safety, when he should have encouraged enjoyable living.
He felt that he had failed his own mother in a horrible and unforgivable way…one that she would never know and he would never forget, by not encouraging her to spend all she had earned and saved, while she was still able to enjoy it.

But he was determined not to fail himself.

He needed a plan…a logical plan to enjoy strategically spending or gifting it all away over a predetermined period of time; before the private IRA, 401(k) and Roth retirement accounts are nationalized and redistributed. He needed a plan to spend it all and die insolvent, but not illiquid or destitute.

Surprisingly, his plan for building his wealth was simpler and came more naturally to him than his plan for spending it all. In this book he explains the three basic and easy-to-understand financial concepts anyone can use to help build their own wealth:

(1)Understand the difference between real assets and true liabilities, and put your money into the assets.
(2)Always know where you are in the economic cycle and understand the concept of reversion to the mean.
(3)Be aware of and understand the implications of the coming demographic changes.

Your grave stone will have two dates separated by a hyphen. You have no control over the dates but you do have control over the hyphen … that’s your life.
Let this book show you how to make the most of that hyphen.