How do I create my own personal paycheck protection program?

ABOUT THIS EPISODE

How would you like to have a paycheck for the rest of your life? Financial planning expert John Browning explains how you can create your own paycheck protection program. Reach out to John at GuardianRockWealth.com. Grab a copy of John's Free Report 8 Common Misunderstandinga About Retirement and How to Understand them Better. Go to the Contact Us section and as for this Report.  

Welcome to the build your life podcastwith John Browning. Build your life as a relaxed and unedited conversation with financialexpert in number one Amazon bestselling author, John Browning Jones the founder of Guardianrock wealth and serves clients across the United States. John's the author of thebook build a life, not a portfolio, a guide to your financial future basedon your personal values, which you can purchase on Amazon, or stayaround to the end of today show and I'll tell you how to get afree copy mailed right to your door. I'm Michael The lawn, your hostfor the next few minutes as we chat with financial expert and business owner JohnBrowning. Well, hello, John Browning. How is your day going, sir? It is going fantastic. We are getting a lot of stuff donetoday. A lot of people are asking lots of questions as we come upon starting to play in the second half of the year. So it's beennice. Been Goot. I like being productive. Yeah, amen on that. Hey, that's that's a good thing. People asking questions. I've got somequestions for you today. So I was thinking the other day. Sothe Morail, I we just came past my moral day and as I wasdriving around town on Memorial Day, John, it occurred to me back in like, Oh, I don't know, one thousand nine hundred and eighty two, my brother and I were on our motorcycles driving up to the lake wheremy grandma grappa lived, right, and that's where I got my first speedingticket and I did a bad memory, but the good memory was being atthe lake was my Grandpa, and GRANDPA was a he was a retired statetrooper, okay, and that didn't help me get out of that ticket,by the way, but he was a retired state trooper. He was retiredfor a long time and when I was talking to him or my dad aboutthat one time or something, they were talking about a pension and I wasasking them what a pension was and they said, well, it's easy,without getting too complex, as a paycheck for life, and I said,well, that's really cool. Well, he'd work there for a long time, right. I don't know many people today who have pensions, John.So my question to use is there any...

...way that I, being an entrepreneurand a business owner, or just anybody else, is there any way wecan get a pension? You know, the only way to do it isto make one yourself. Okay, I got a computer and a printer andI just may coming'. Is that what you mean? It's a little bitmore complex than that, but right now I'm all Ayers, man, butyou can't make one and and people pretend to forget that, that these peoplewho ran the pensions and who still do run the the old pensions. Idon't know. I'm sure there are few, like the teachers still have one.There's a few, yeah, places out there that have them. Andif you have one, just hang on to it, make sure that youare paying attention and do everything they say to do in order to get it, because it is truly one of those, you know, gems of yester yearthat most people don't have anymore. Right. Well, I mean it'sa it's a paycheck, right, that arrives every month, just a socialsecurity in a sense, right sourcecurity check ribs every month. A pinchion addsto that every month and it's kind of guaranteed for life or something like that. Right, exactly, exactly, and is very similar social security and accepta sponsored by the company and the you know, you know, they alsohave the issues that the government does, whether it's funded or not funded,but generally speaking it's that steady paycheck that keeps coming. So if you don'thave that, if you're my age or frankly your age right, we don'thave that. So we have to make our own and just for funds,since we just kind of got done with this, what we titled that,and it's a lot of what we do, is creating your personal paycheck protection program. Yeah, love it, because it really when you think about it, we've worked for forty years or fifty years before we get to retirement,and we've had what a check every week...

...or twice a month or whatever.It just it comes because we work. You retire, you stopped working,the paycheck stops and now you have this Big Nest Dag of money. Butyou're what you're saying today is you can create your own personal paycheck protection program. That's right, and getting started on that, by the way, gettingstarted on that now also protects you from maybe a layoff or say, apandemic that means that you don't get a paycheck for a little while. It'sthat same paycheck protection program that we're thinking of more for retirement. Can protectyou and unforeseen events like that. Okay, so let's talk nuts and nuts inbolts and nitty griddies, and I mean elaborate a little bit about howwould somebody even start this? What's it look like, besides calling John Browningand having him discuss up with you? Right, but I mean at abig level. What is this? How does a normal person like me createa personal paycheck protection program? Well, you know, I hear all thetime all the reasons why you don't do it right or either reason. Whatreasons are there? Well, it's too hard, I don't have the monthends before you know. You know my money runs out out before the endof the month. Is that it right? You hear that all the time.And and so part of it is number one, just like any typeof planning, when you get out your road map, the most important thingis to know where you are. You got to know where you are beforeyou can figure out where you're going to go. Second most important thing iswhere do I need to go? And most people kind of have an ideawhere they are now, a general idea, right. But you what we're findingis that there's a statistic out there, and I've seen the study. Theyfairly extensive study all over the United States about Americans and only seventy fivepercent, or rather the upsite that. So seventy five percent of Americans donot have any type of financial plan. And you and I, because wedo plan, and that's kind of what...

I do, find that fascinating.I eat and sad seventy five percent do not have any kind of financial plan. Wow, and eighty percent of him. In the same study, eighty percentall Americans actually don't think they're going to be able to survive, evenif so, even if they have a plan, they're afraid of not beingable to survive. And why? You start thinking about that just for aminute. I want everybody on this podcast to think for a minute. Minenext fifty paychecks are not coming. What do I do? How do Isurvive? How do I like groceries? I mean before or after I panicpretty it strikes panic and and a lot of times what people do is,if they start to get there, we try and avoid pain. So assoon as we start thinking about a paychecks gone and not like that, butI'm not getting another one, they start to panic, they see pain,they shut it down and they don't plan, which is of course, exacerbates theproblem. Yeah, so that's that's kind of the start. That's whereyou start. You have to get into the mindset. You know, mindsetsone of those things that's so important, but very few people pay it anymind. Yeah, there you go here. That's my plan for the day.As I guess. That's very honey. That's very funny. No, that'sinteresting because, yeah, you you don't really think about it, butyeah, you've got a paycheck every every month, let's say. Let's sayyou get paid once a month, I don't know, every month for thirtyyears or forty years, you retire and it's done. They don't send youpaychecks anymore. No, I could see how that would strike fear in somebody'shead, you know, at that point. But let's back it up. Inyour thirty five or forty five, how are you planning for that?Does your I guess the question to ask if you're a listener it, doesyour company, have a pension plan?...

And if it doesn't, reach outto John, because that's crazy. You're going to you're going to need tocreate your own, because social security is is not going to do it foryou. Say It's say that you believe that. So security is going tobe there for you in some former fashion. There are a number of things thatare likely to happen and we've seen them happen already. So Security Administrationkeeps pushing out that age a little bit further, the time in which youcan draw it. Yeah, and then eventually is there's something that replaces it, and what would that look like? And even if you get it now, I can put you in touch with any number of people who are onsocial security now that will tell you you cannot live comfortable. You can't,you can't build your best life that you want. Well, he can.Case in point, and I don't know why we're having this conversation today,John, but over the weekend I went to the well SSA dot go,SOC scarity ministration dot Gov, and I got my report, and anybody cando this, and I looked at the number that I should get from sourcesecurity when I'm I think, sixty five or whatever, and they give youtwo or three numbers. But yeah, you can't live on it. Imean it's nice supplemental but it is not going to provide a lifestyle. Soit's there, but I think too many people think, well, I'm justgoing to live on start security. No, you're not. No, no,not well, not well, I am not well, but it's that'spart of the planning that we do. Is just look at that number everyyear ago. Okay, that's a portion of my retirement plan. That what'sthe other portion? Well, hopefully I've got a personal paycheck protection plan,right, and then I've got some savings and then I've got some investments andnot you whatever, but it's that whole building my life and building a portfoliothat supports the life, which is exactly what you wrote about in your Amazonbest selling book. But that's what you help people do, is think throughall these things, because you're right down it is. It's hard work andand it's not fun for most of us.

I know you get giddy and youlike my stuff, which phrase God. You know. That's why people shouldjust call you and say, John, what do I do, and youcould create a plan for them based on their unique situation. Go here'san option. Let's talk about but before we talk about all that, let'stalk about you and your family and your dreams and desires in your life andwhat do you want, because that's really what it's all about, right,and why you want it. That's that's right, and really thinking through thosethings and then you do get into the nitty gritty, right, and that'swhat I'm really there for, because most people is that not what they thinkabout most of the day and most of the time. But you know thatwhole where do you want to go? I mean, if somebody wants totake just sort of back at the envelope and wants to scare themselves, takewhat you're making now, take your paycheck, take a look at it and youstill have to pay taxes on your capital gains, but you don't haveto pay like Medicare, so security, unemployment tax, you don't fail,so we can take those out. That's the good news. Bad News isyou now have to pay all of your healthcare and your healthcare is likely tohave gone up. You're likely to, frankly, have more time on yourhands, in which case, what are you going to do and how expensiveis that going to be? Those are some of the things you need tothink about when you think about what am I going to need per month orevery two weeks or whatever? And then, wow, what do you do?How do you? How do you so you have these savings you've got. Maybe you're making, you know, half a percent in your bank account, which is not even keeping up with the inflation cost by a long shot. So how do I get a paycheck on that? Is it? Isit bonds? Well, no, not really, not now, because fixedincome is just not paying. What it used to do. Is it didit in paying stocks, while I don't...

...know, they paid, most ofthe time they paid quarterly, so not every not twice a month, likeyour paycheck did. And you know. So how do I do this?And that's what I do. That's what we do here at Guardian Rock,and we actually wrote a white paper, by the way, that you canget if you go to our website, at website Guardian rockwealthcom, and it'scalled eight common misunderstandings about retirement and how to understand them better. Okay,brand new, and it's just things that people don't think about because they're notdoing what I do every day. Right, and then it gives a little stimpetabout how you might understand that better and plan for that better. Andof course you can always call us and more happy to walk you through it. All right, your free report a common misunderstandings about retirement and how tounderstand them better. That's free at Guardian rockwealthcom. Is that on the frontpage or do they have to go see? Actually, they need to go tothe contact us section and just right in there what you're looking for.You're looking for your rea. You know our retirement white paper and we're happyto send that out to you for your charge. Doesn't cost anything for this. I'm going to call it a report. HMM, and that's for this.I'm putting that in show notes, by the way, so if youmissed all it's in the show notes. But Guardian Rock wealthcom the contact USsection and ask John for that. Eight common misunderstandings about retirement report. That'svery cool, John, and I bet if they ask you'd give him acopy of your Amazon best selling book too. Absolutely that's a fun read to butit's it's there's so much here and I love the idea of the topicof pre personal paycheck protection plan. How do you create your own paychecks throughoutyour retirement when the company's done paying you because you retired, you're not ontheir payroll anymore. You're on your own and John and Guardian rock wealth canhelp you figure that out. And and take into consideration the things you talkedabout, John, the health care costs...

...and different things, because everybody thinksin retirement my expenses go down. That's not always the case, and soJohn can help you just think through some of those things and plan, becausethat's really big deal, is just planning and making sure that when those thatday arrived, are those specific days arrived, how are you going to handle thoseso that you are not a burden to your family, so that you'vegot the money that you need to stay alive and healthy and enjoy it?Enjoy life and build a life, not just a portfolio. Maybe a greattitle of the book with it, though. So that's that's the thought of John'sAmazon best selling book, build a life, not a portfolio. Andwhen you reach out to John at Guardian rock wealth, you can get acopy of his new report a common misunderstandings about retirement and how to understand thembetter. You can get a copy of his book and you can just havea conversation with him, and I think John, that's that's probably the bestthing to do, is just have a conversation through zoom or a phone callor in person and just talk about your situation and where you are. Don'twait, don't wait until you get the gold watch to say I need tostart planning for retirement. That's a little late. It little bit late.Yeah, it's a little late. You so do it, but it's alittle late. But reach out to John and ask him about how to createyour personal paycheck protection plan. That's really cool. It's hard to say,but it's all right. We will. We will leave it there and encouragepeople to reach out to you, John at Guardian Rock wealthcom, and wewill look forward to talking with you next time. Sounds good. We'll seeyou next time. Money really is a big part of our lives, andJohn Browning can help you and your family learn how to keep money in theproper perspective. It's important, but it's only a tool that can help youbuild the life that you want. If you like, John Emilie a freecopy of his book build a life, not a portfolio. Go to John'swebsite, Guardian Rock wealthcom, and click the contact to US link and sendyour request. John Will Mell a copy of his book right to your doorabsolutely free. Thanks for listening to building...

...your life podcast with John Browning.Be Sure to subscribe to this podcast so each new episode will be sent toyou automatically when it's released. Have a terrific day.

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