This blog post comes courtesy of an exchange between Facebook friends after posting this article from Examiner.com: Financial Suicide, With The Assistance of Your Bank
Me: Think you have a low interest rate? Think again.
Tony Russo, Co-Founder of LandMark Mortgage Group: Yes-ish and no-ish.... The percentage of principal to interest is a byproduct of amortization. The fact of borrowing at 4% (nets to +- 2.5-2.75%) is great. Im paying 4% but a great wealth manager (let's just say at...JLM) is able to help me get more in this economy AND as the economy heals, money market rates move up but my 4% stays. If someone can pay cash for a home these days in sunny California, more power to ya. It's not healthy to leverage heavily, I'm not saying it is. A balance of well advised mortgage with smart financial planning is the key.
Me: Tony, well said on the money management of a mortgage. The significance of the article for me as a Bank on Yourself advisor is getting people to realize the volume of interest being paid to the bank. If people realize the problem, they can seek a remedy to that problem. That's where Bank on Yourself aka the Infinite Banking Concept comes in.
All loan interest (with a traditional bank) is directed outward to the bankers never to be seen again versus being re-directed back towards the borrower to be used over and over again during the borrowers lifetime. This strategy (Bank on Yourself/Infinite Banking Concept) also creates a tax-free retirement and a multi-generational transfer of wealth with no luck, skill, or guess work required.
I like where the article says at the end "Unfortunately, average Americans are so busy living life as they know it, they have no idea that they’re killing themselves financially. Alternatives exist. But they require looking at money in a whole different perspective. There are alternatives to routinely bludgeoning your financial future with never-resting bank charges. The financially healthiest Americans are generally not the ones who make the most money. They’re the ones who figure out how they can actually keep the money they make. Imagine keeping the 36.7% that the average American pays to banks. If you take into account that you may be able to pay that interest back to yourself, that puts you essentially 73.4% ahead of that average American." An alternative is suggested but never by name. It should have been.
The more people know about the Infinite Banking Concept, the better off more individuals would be. I'm a firm believer that if people eliminated bankers from their life, a lot of the worlds problems would be eliminated. Bankers do one thing, they position people into a corner by creating debt. It happens on an individual level as well as it does on a macro level. Look who is running Greece and Italy now. Unelected bankers now called Technocrats.
Bottom line,when a person controls their individual banking function, they create a greater amount of wealth during their lifetime and as well as for their next generation. To do otherwise, means throwing endless amounts of money to your bank.
It's like a pilot choosing to fly into headwind versus flying with tailwind. You can fly into headwind but it will take you much longer to get to your destination versus having the wind at your bank. This is where traditional financial planning drops the ball. Financial advisors focus on chasing rate of return on the 10% of money people save out of their take home pay versus the 36.7% that the average Americans pay to their traditional banks/finance companies.
I'd rather work with the larger chunk money. That's where the tailwind is. The solution is out there, even in sunny CA.
Showing posts with label financial planning. Show all posts
Showing posts with label financial planning. Show all posts
Friday, January 20, 2012
Thursday, June 16, 2011
What Is Your Risk Management Plan For The Next Market Downturn?
Peter Schiff has said,"Within the next several years we are going to have the real economic crisis that we didn't have in 2008 ... Every time the government stimulates the economy to create an artificial boom to postpone the pain they make the inevitable bust that much worse."
With QE2 coming to an this month and QE3 becoming inevitable even if it's given a different name, the question is how long can a false recovery last? It could be a few years or maybe a decade or longer. There are no quick and painless solutions. Certainly we cannot expect the people responsible for creating the problem to be the ones responsible solving them.
The bigger question is: Who has the bigger problem: our government or us? When, not if, the economy collapses, will you have the correct risk management plan in place? Relying on our government to protect us is not option. The government will be too concerned about protecting itself and seizing more power from the people.
If you read this blog, I urge you to start taking steps to protect your savings. Here's an additional article written by Peter Schiff titled End Game. I encourage you to read it and watch the very short video below.
Call or email today to request a free report: (800)208-6141
John Montoya
JLM Wealth Strategies, Inc.
john@JLMws.com
(925) 386-6639 Office
Authorized Advisor-Bank on Yourself®
CA Life#0C42222
With QE2 coming to an this month and QE3 becoming inevitable even if it's given a different name, the question is how long can a false recovery last? It could be a few years or maybe a decade or longer. There are no quick and painless solutions. Certainly we cannot expect the people responsible for creating the problem to be the ones responsible solving them.
The bigger question is: Who has the bigger problem: our government or us? When, not if, the economy collapses, will you have the correct risk management plan in place? Relying on our government to protect us is not option. The government will be too concerned about protecting itself and seizing more power from the people.
If you read this blog, I urge you to start taking steps to protect your savings. Here's an additional article written by Peter Schiff titled End Game. I encourage you to read it and watch the very short video below.
Call or email today to request a free report: (800)208-6141
John Montoya
JLM Wealth Strategies, Inc.
john@JLMws.com
(925) 386-6639 Office
Authorized Advisor-Bank on Yourself®
CA Life#0C42222
Friday, June 10, 2011
What's Going On In The United States These Days?
Glad you want to know. Click to read this article by Jim Willie at Financial Sense.
Mr. Willie provides an excellent summary of all you need to know about the financial chaos going on in our country. If you watch the evening news or read the newspaper on a regular basis, this is likely to be news to you (and real news at that). Stay informed. I encourage you to read alternative sources of news such as:
If you think your bank is safe, think again.
Mr. Willie says that $7 trillion is sitting in FDIC insured bank accounts. If the government actually had that money, don't you think they would have found a way to spend it and replace it with IOUs by now?
The safest place you can have your cash is in a mutual whole life insurance policy. The money is backed by capital reserves that exceed the life insurance company's liabilities. In other words, these institutions are solvent! They are regulated to be this way.
Banks operate under the fractional reserve system meaning they keep a fraction of your deposit, lend the rest, and then inflate the money system by creating up to 10x the amount of your deposit in new money to lend out. In short, banks are highly leveraged and the main culprit in creating that nasty destroyer of wealth: inflation.
What about FDIC insurance? The FDIC inspires confidence. Just like Bernie Madoff did... and just like Bernie Madoff, the FDIC is insolvent.
Stick with what works.
A participating non-direct recognition whole life policy has been around for nearly 200 years. It'll be around for another 200+ years because it simply works. It is the safest place you can warehouse your cash.
Combine the fact that you can make $1 do the work of $2 by saving money with the same dollar being used to pay off debt, and you'll realize you're the smartest person in the room once you learn about the Bank on Yourself.
Despite all the uncertainty in the world today, one thing is certain. The business of banking is eternal and will survive what happens politically and economically in the decades to come. For that reason above all else, it's crucial that individuals have their own banking system. The sooner we, as individuals, control our flow of money through the creation of our personalized Infinite Banking system, the safer and wealthier we will become.
Go to www.CashValueBanking.com to learn more or call (800) 208-6141 to request a free analysis by a Bank on Yourself certified advisor. All appointments can be done over the phone and in front of your computer. Let your cash find a safe place before the storm clouds on the horizon gets any closer.
(Note: If you have a preconceived notion that this is like your mom's or grandma's whole life policy, you're sorely mistaken. A short online meeting can put that notion to rest quickly. And if you think you're too old or have health issues, we can look at insuring your spouse, child, or grandchild.)
John Montoya
JLM Wealth Strategies
(800) 208-6141
Mr. Willie provides an excellent summary of all you need to know about the financial chaos going on in our country. If you watch the evening news or read the newspaper on a regular basis, this is likely to be news to you (and real news at that). Stay informed. I encourage you to read alternative sources of news such as:
www.Mises.org
www.Lewrockwell.com
www.FEE.ORG
www.DailyReckoning.com
www.Sovereignman.com
www.Shadowstats.com
www.Elliottwave.com
If you think your bank is safe, think again.
Mr. Willie says that $7 trillion is sitting in FDIC insured bank accounts. If the government actually had that money, don't you think they would have found a way to spend it and replace it with IOUs by now?
The safest place you can have your cash is in a mutual whole life insurance policy. The money is backed by capital reserves that exceed the life insurance company's liabilities. In other words, these institutions are solvent! They are regulated to be this way.
Banks operate under the fractional reserve system meaning they keep a fraction of your deposit, lend the rest, and then inflate the money system by creating up to 10x the amount of your deposit in new money to lend out. In short, banks are highly leveraged and the main culprit in creating that nasty destroyer of wealth: inflation.
What about FDIC insurance? The FDIC inspires confidence. Just like Bernie Madoff did... and just like Bernie Madoff, the FDIC is insolvent.
Stick with what works.
A participating non-direct recognition whole life policy has been around for nearly 200 years. It'll be around for another 200+ years because it simply works. It is the safest place you can warehouse your cash.
Combine the fact that you can make $1 do the work of $2 by saving money with the same dollar being used to pay off debt, and you'll realize you're the smartest person in the room once you learn about the Bank on Yourself.
Despite all the uncertainty in the world today, one thing is certain. The business of banking is eternal and will survive what happens politically and economically in the decades to come. For that reason above all else, it's crucial that individuals have their own banking system. The sooner we, as individuals, control our flow of money through the creation of our personalized Infinite Banking system, the safer and wealthier we will become.
Go to www.CashValueBanking.com to learn more or call (800) 208-6141 to request a free analysis by a Bank on Yourself certified advisor. All appointments can be done over the phone and in front of your computer. Let your cash find a safe place before the storm clouds on the horizon gets any closer.
(Note: If you have a preconceived notion that this is like your mom's or grandma's whole life policy, you're sorely mistaken. A short online meeting can put that notion to rest quickly. And if you think you're too old or have health issues, we can look at insuring your spouse, child, or grandchild.)
John Montoya
JLM Wealth Strategies
(800) 208-6141
Friday, September 11, 2009
Be Your Own Bank
I’m sure you’ve heard of the saying by Albert Einstein: “Insanity is doing the same thing over and over and expecting different results.”
So why do most of us continue to treat our financial plan the same way? Maybe we make minor adjustments (putting more into cash reserves), but for the most part, the strategy remains the same. To me, that’s insanity.
I'd like to personally extend an invitation to attend our latest presentation at our new office. Keep your checkbook at home…we don’t sell anything. We simply want to educate on a better way to ensure all of us don’t become a “retirement statistic” of failure.
Here’s what you will learn:
* Why the government created investment tools that favored tax revenue for them…not retirement planning for us.
* How you can eliminate the IRS from touching your future retirement money. That means untaxed retirement funds.
* Why capturing “transferred money” (money that you lose unknowingly and unnecessarily) is more powerful than any rate-of-return projection.
* Why lost “opportunity costs” (what the transferred money could have done for you if you were able to keep it) devastates financial plans and no feasible rate-of-return can make up for it.
* And finally, how this can be accomplished while your money grows every year, no matter what. Is that in your current plan?
If I can prove to you that my statements are true and accurate, then I’m confident you’ll wish you would have attended our seminar months ago. If you think that what I’m proposing is too far fetched, maybe you’re a CPA or CFP (Certified Financial Planner), then I challenge you to come and prove me wrong.
Best Regards,
John Montoya
CEO and Founder
JLM Wealth Strategies
So why do most of us continue to treat our financial plan the same way? Maybe we make minor adjustments (putting more into cash reserves), but for the most part, the strategy remains the same. To me, that’s insanity.
I'd like to personally extend an invitation to attend our latest presentation at our new office. Keep your checkbook at home…we don’t sell anything. We simply want to educate on a better way to ensure all of us don’t become a “retirement statistic” of failure.
Here’s what you will learn:
* Why the government created investment tools that favored tax revenue for them…not retirement planning for us.
* How you can eliminate the IRS from touching your future retirement money. That means untaxed retirement funds.
* Why capturing “transferred money” (money that you lose unknowingly and unnecessarily) is more powerful than any rate-of-return projection.
* Why lost “opportunity costs” (what the transferred money could have done for you if you were able to keep it) devastates financial plans and no feasible rate-of-return can make up for it.
* And finally, how this can be accomplished while your money grows every year, no matter what. Is that in your current plan?
If I can prove to you that my statements are true and accurate, then I’m confident you’ll wish you would have attended our seminar months ago. If you think that what I’m proposing is too far fetched, maybe you’re a CPA or CFP (Certified Financial Planner), then I challenge you to come and prove me wrong.
Best Regards,
John Montoya
CEO and Founder
JLM Wealth Strategies
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