It seems that banks, mortgage companies, and credit card companies are doing some kind of successful financial planning that's getting them richer and richer... But NOT us?!
The average American is paying up to 35% of their after-tax income to interest, decreasing their ability for increased cash flow. It's called legal robbery.
How would you feel if there was a way to become your own source of financing, and instead, earn that interest yourself, through self banking, which would crush your debts for good?!
How would you feel if you found the same independence, confidence, and freedom in your career and life that you see others enjoy?
You hear people say, "Money Can't Buy You Happiness". And, they are 100% right. It's the options that money gives you that will make you happy. Wouldn't you be happier if you could decide when you worked, for whom you worked, or if you had to work? Wouldn't it be nice to choose where to live and with whom to live?
Don't let traditional thinking stop you from the power of your own money!
Although few depositors realize it, legally the bank owns the depositor’s funds as soon as they are deposited into the bank. When we open a bank account and make a cash deposit, we surrender the legal title to the cash, and it becomes an asset of the bank.
Our money becomes the bank’s, and we become unsecured creditors holding IOUs or promises to pay.
The money deposited in an account is no longer deemed as belonging to the principal but rather to the bank.
You can change that forever by learning how to do self banking, and achieve increased cash flow and never be an unsecured creditor again!
“Banks and other financial services, when it comes to investing their own money—don’t follow conventional wisdom and put their cash into mutual funds, stocks, hedge funds, term life insurance, or risky real estate deals. Instead, they place a large portion of their vital reserves, known as Tier One Capital, into high cash value life insurance or permanent insurance….
“Banks invest billions into high cash value life insurance. Surprisingly, for many banks, life insurance is their largest asset class.
Why not find out how the same protection can help you win financially.
How did the 2008 financial crisis happen? The financial crisis was primarily caused by deregulation in the financial industry.
In 2004, the Federal Reserve raised the fed funds rate just as the interest rates on these new mortgages reset. Housing prices started falling in 2007 as supply outpaced demand. That trapped homeowners who couldn't afford the payments, but couldn't sell their house. When the values of the derivatives crumbled, banks stopped lending to each other. That created the financial crisis that led to the Great Recession.
The Creature from Jekyll Island.
A Second Look at the Federal Reserve its origin, and its principles of functioning. Are you aware of the consequences for the whole world and financial services in the USA?
by G. Edward Griffin
As financial literacy coaches, we think everyone should watch this before embarking on financial planning. It will be the fuel you need to be more determined to crush your debts for good!
Is owning DEBT profitable? What companies are successful by OWNING debt? Do you own or owe your debt? WHY? Has your financial services consultant discussed this with you, while doing your financial planning?