How to Make Thousands Per Month With Self-Funding Investment Accounts

Video Transcript

"This is financial adviser Patrick Munro talking about how to make thousands per month with self-funding investment accounts. To make thousands per month with any investment it requires quite a substantial investment of principal to begin with. But if you're fortunate enough to have that amount of principal to begin with, you can setup a self-funding investment. Normally the way that is is you take the chunk of principal that you do have and you put some of it over into a deferral pattern called a deferred annuity. Then you need to take the rest of the money and turn it into an immediate annuity which pays you on a monthly basis several thousand dollars in this particular case. That money in turn can be used to buy stock and mutual funds and various other investments for the long term which then goes over onto the other side of your ledger. If you do this right in a growth economy, you'll have enough capital in your deferral account to repeat the process and of course that's very useful and the money then grows larger than it was in the first instance. This is Patrick Munro talking about how to make thousands per month with self-funding investment accounts."