An annuity is insurance on your money that keeps it from running out. You can invest in yourself, in a person like Elon Musk or Jeff Bezos, or in something else. Net worth alone doesn't matter if it doesn't generate cash flow.
What is an annuity? Annuity is an insurance contract with a life insurance company. And what does an annuity insure? So annuity is insurance on your money. That's what it is. That's all it does. It ensures that your money doesn't run out of money. So what do you do when it comes to our process? You're going to invest in something someone, or yourself. Those are your 3 options: yourself, someone, right? Did you invest in, uh, Tesla stock? Well, you invested in someone— Elon Musk. Apple— Jeff Bezos, right? Uh, sorry, Apple— the other dude, Tim Cook. Amazon— Jeff Bezos. We're all investing in someone, or we're investing in ourselves, or something. Now here's the game changer. Whatever amount of money you accumulate— again, I'm not against net worth because with cash flow you can have both, but with net worth alone, you're not ever going to have the cash flow you think you can have.
