Ever feel like you’re stuck in a financial rut, unsure of how to break free? You’re not alone. Many people are trapped in a cycle of debt and financial uncertainty, feeling the weight of a system that seems rigged against them. But what if there was a way out? What if you could take control of your financial future and help others do the same? That’s exactly what Mike Kash dives into in this powerful session. He lays out a clear path to financial independence, offering insights and strategies that can transform your life and the lives of those around you. This isn’t just about making money; it’s about creating a legacy and making a real impact. Mike’s passion and expertise shine through as he shares the tools and mindset needed to succeed in today’s challenging economic landscape. Don’t miss this opportunity to learn from one of the best. Watch the video below and discover how you can seize this moment to change your world and the world of others.
Video Transcription:
Good afternoon, Primerica.
Teammates.
First of all, before I get started, I want to thank Joe and Denise Cardino for putting on this event.
I want to say congratulations to everybody in the room because you’re making a commitment to get better and improve your business.
And to my team in the back, the mighty cavalry.
I promise you, I’m all in.
We’re going to do something great, and we’re going to go out and make big things happen.
So I want to start off by saying, you know, primerica is the answer.
We have the greatest gift out there.
You know, you heard Joe talk earlier about having a noble cause.
And Nalita talk about, you know, solving problems.
The biggest problem out there right now for America is money.
And we have the answers, and I’m gonna share that with you right now.
So there’s a couple of beliefs that I have right now.
We’re a company of destiny.
And it’s from the beginning, and it just keeps rolling along.
And I believe right now we are here for a reason.
We have a potential to impact many families.
Right.
Over these next few years, things are getting tough.
Middle class America is getting crushed with inflation, money issues.
Right.
And I believe our purpose on this earth is to impact as many people as we can in a positive way.
And we’re here at this moment.
We were meant to be here.
People need Primerica more than ever.
The question is, are we up for the challenge? And I’m going to tell you, when you walk out of here today, we all have the power to give this great gift to somebody.
We can leave here today, meet somebody, introduce them to business, and put them in a position to transform their whole financial future and their life.
Don’t ever take that lightly.
So the system that we’re brought up in, I could tell you right now, the system is completely broken.
Right? We’re brought up in a system where they tell you to go to school, get a job, work to 65, get a pension and Social Security.
But my question is, how can only ten out of every 100 people who work for 45 years, most of the time in jobs they despise and hate, be in this great land of opportunity, be financially independent? How can this be right? Oh, did I.
All right, well, whatever.
All right, well, whatever.
I’m gonna continue.
All right? I’m gonna.
Man, I always have that effect on the stage, right? So listen, you know, this is from Theresa Gila Ducci.
Retirement in America increasingly means working into old age, with most seniors unable to support themselves on Social Security and savings alone.
According to a noted retirement expert.
Only 10% of Americans between the ages of 62 and 70 are retired and financially stable.
And if that’s the case at 62 and 70, how about when they get into their eighties and the prices keep going up? What happens then? Right, look at this.
In 2022, about 58 million Americans 65 or older, the median amount made person, $29,740.
That means half the country 65 and older was making less than 29,740.
Can you live on $29,740 today? And that includes those who are working.
Those who are not working.
It’s 24,000 2000 a month after working for 40 to 45 years.
Right.
Why is this? The financial literacy in our country is absolutely horrendous.
And the system teaches people to be dependent on others for their financial future jobs in the government.
Unfortunately, many people are getting a big wake up call right now.
It’s now a yo economy.
Yo yo.
You’re on your own.
And we have all the answers to help people with that.
Financial literacy has to be the most valuable and underrated skill one can learn.
How are we so illiterate in this country? Lack of financial literacy costs people thousands of dollars a year and potentially hundreds of thousands and millions over their lifetime paying credit card debt, not putting away a few dollars every month for their future.
Right? And Primerica did a survey.
Two thirds of people, two thirds of adults right now, feel that they were not adequately prepared in school.
Why do we learn about history and what happened 300 years ago? Why do we want to know what an isosceles triangle is? Right? Why don’t they teach us financial literacy? All right, I.
Your own income stream.
The reason you can’t be financially independent if you rely on outside income from a source other than your own investments or businesses is that those sources of income are not entirely within your control.
If you google layoffs right now, you’re going to see, I think intel just announced it laying off 15,000.
I think Cisco or another tech companies laying off 5000, google, you’re going to see tons of layoffs.
Those people have no control over their financial future.
Warren Buffett said, if you don’t find a way to make money while you sleep, you’re going to work until you die.
And you know what? We have the greatest opportunity where we can make passive income.
My mentor Jim and Mary Coker, man, they have always been after me to get on passive income.
Don’t do it all yourself.
I’m finally learning.
I told them, I’m listening to you now.
We’re going to build something big for two reasons number one, I want that passive income.
But I know people need our help more than ever, and there’s only so many people I can help personally.
So go to school.
Student loan.
You think everybody would stop borrowing with all this going on, right? And it says right here, collectively, students and their families are borrowing way too much money to pursue college degrees that don’t always have the highest return on investment.
Even with all these warnings, there’s going to $100 billion this year is going to be borrowed.
All right.
60% of employers plan more layers.
60% in the second half of 2024.
Port of study.
Right.
Retirement crisis looms as americans struggle to save.
Right.
Social Security is going to be a problem.
I know they’re going to figure out something, but it’s not going to be.
We may not get as good cost of living adjustments, whatever.
They’re going to have to figure something out.
Pensions are going by the wayside.
Right.
Savings.
It’s up to us, primerica, to get out there and get people saving because nobody else is doing the job, right? So Primerica is the answer.
We teach financial literacy, how money works.
The theory of decreasing responsibility.
The rule of 72, getting people out of debt with debt stacking.
The three bucket approach.
The financial independence number, dollar cost averaging.
I’m telling you, I’ve been around partners in accounting firms, partners in law firms.
They don’t know it.
How is middle class America going to know it? Right.
We know more than 99% of the people out there, man.
We got to take that to heart and go out and help families.
And we offer people the opportunity to take control of their own income stream, either part time or full time.
So let me just wrap up with this.
If there ever was a time to go all in and give 110% to recruiting and building a business, that time is now.
Middle class America needs us more than ever.
And I’m going to tell you unequivocally, I know this in the bottom of my heart.
Primerica is a company of destiny.
America needs us more than ever.
America needs primerica.
This is our moment.
A chance to impact the world while building a business and achieving our goals and dreams.
Man, I’m so proud to be your teammate, man.
We got a lot of work to do.
Let’s be bold, let’s seize the moment, and let’s go change the world.
