More About the Author
Financial security expert, Pamela Yellen, is founder and President of Bank On Yourself.
Pamela has worked with over thirty-thousand financial advisors since 1990, helping them build their businesses. Over the course of those years, she investigated over 450 financial products, tools, concepts and methods that were touted as sure bets for growing wealth. Most turned out to be not even worth the paper they were printed on. All this learning the hard way came at a costly financial and emotional price.
Disappointed with the results they were getting when managing their investment program themselves, Pamela and her husband Larry hired three of the country's top investment and planning firms in succession over a period of a decade to manage their retirement account.
These companies were always on the lists of the country's top-ten financial advisors and asset managers. They all charged hefty fees and all three of them lost Pamela and Larry money during a period that included the longest-running bull market in history!
"I began to wonder whether a blindfolded monkey throwing darts could have done as well, or better. My husband, Larry, and I would be in the same boat as so many Americans today-wondering if we'd ever be able to retire, and what we'd have to go without to do it--had we not finally stumbled across Bank On Yourself, which puts a unique twist on a safe and proven financial vehicle that's been around for over 100 years. More than 100,000 families we know of already use it."
Pamela was intrigued, but skeptical - it sounded "too good to be true." She spent months investigating it before implementing it herself to see if it would really work.
When Pamela's husband Larry had to have emergency quadruple heart by-pass surgery, they got stuck with $15,000 of medical bills their health insurance didn't cover. That's when they discovered that medical emergencies cause 50 percent of bankruptcies and that 75 percent of these folks had health insurance at the time. But thanks to Bank On Yourself, they were able to borrow enough from their policies to pay off the bills in full, instead of having the stress of piling on credit card debt. Just two years later, they had paid back the loan and, as a result, recaptured the full cost of those medical expenses, along with the interest they would have paid to a credit card company, plus a "profit."
That's when it really hit home for Pamela what a lifesaver Bank On Yourself can be. The Bank On Yourself concept can provide a cash cushion and peace of mind to help you weather unexpected medical expenses, disability, job loss, or other emergencies. You don't have to fill out any prying credit applications. You can skip some payments on your loans and no one is going to make intimidating phone calls, repossess your things, or foreclose on you. No late fees and no black marks on your credit report.
Pamela has been interviewed on dozens of TV and radio programs and has written numerous articles and been featured in hundreds of publications, including USA Today and Fortune Small Business. She is a professional speaker who has addressed more than 1,000 audiences throughout the US, Canada, Asia and Europe.
Her latest book, Bank On Yourself: The Life-Changing Secret to Growing and Protecting Your Financial Future, is a New York Times, Wall Street Journal, Amazon.com, USA Today and Business Week bestseller. The book has earned the endorsements of top wealth experts. Pamela has also co-authored several books, including Zero-Resistance Selling, which she co-authored with Maxwell Maltz, M.D., author of the best-seller Psycho-Cybernetics (more than 30 million copies sold worldwide).
Pamela was born in Buffalo, New York, and has lived in Sarasota, Phoenix and the San Francisco Bay area. She graduated from the University of San Francisco with a degree in psychology. Pamela and her husband Larry currently live outside of Santa Fe, New Mexico. They enjoy theatre and the arts, hiking, bird watching, traveling, gourmet cooking, working out (Pamela can leg press 250 pounds!), reading, spoiling their two grandkids, and are involved in supporting numerous charitable causes.
Ten percent of all author royalties are donated to educational not-for-profits, such as The Smile Train, Susan G. Komen for the Cure, The Nature Conservancy, Heifer International and Hawk Watch, through the Yellen Family Foundation.