Your Financial Plan: A Bucket With Holes?

admin — Wed, 08 Apr 2009 11:00:00 +0000

You can fill a bucket with holes one of two ways. You can add more water to it, faster than it loses it, or you can plug the holes, add the water, and watch it overflow. Which does your financial advisor have you employing in your financial plan?

What would you consider to be the biggest factor in creating wealth?

Many would have 3 words in mind, rate of return, but is it?

NO!

The biggest culprits to not creating wealth come in the form of the following:

Debt
Interest
Taxes
Opportunity Cost

The amount of money that flows away from your circle of wealth is immensely larger than the amount you will ever flow into it by focusing on rate of return.

The average American spends 34 cents of every dollar on interest alone, another undetermined, yet substantial amount on taxes, and saves less than 1. But generously we will take an unaverage American and say he saves 10 cents on the dollar. If he makes 100,000 per year, invests 10,000 and is able to come out with 8% (not calculating taxes), he will have grown an additional 800 dollars. Great, right? Not fully, he is still losing 34,000 dollars to interest alone, making his gains seem insignificant, he has a bucket with holes in it. So what does he do? Does he put more water in? or does he fix the holes first? Is your financial advisor telling you to add more money to your investment pool by reducing your lifestyle, or is he finding money that you would have otherwise lost to contribute to your investment pool? If our unaverage American were able to save merely 1% of his income he would have increased his wealth much more than the rate of return produced, and he would have taken no risk to do so. It would be the easiest money he ever made. What if he could recover 2%, or 3%? What effect would that have in his financial situation?

Patching the holes is the part most advisors miss. By using different techniques and strategies to patch these holes, you could learn how to redirect all the interest back to your circle of wealth by paying yourself that interest, save thousands on taxes, put yourself in control, absolutely eliminate risk, and leave a legacy to pass on to future generations.

So now what if we fill the bucket while the holes are plugged? We are going to need a lot more buckets! Becoming wealthy is not a product, is not based on rate of return, but it is a process, based on controlling the most money you can within your circle of wealth.

Make sure to watch our free video about filling the holes.

Becoming Your Own Bank! Infinite Banking Concept!

admin — Fri, 20 Jun 2008 18:36:00 +0000

Becoming Your Own Bank, or the Infinite Banking Concept, is the most powerful and innovative concept used today. To state briefly, the Infinite Banking Concept is the process of becoming wealthy not by investing your savings in high risk or low return investments, but by putting your capital to work for YOU and recapturing so many of the hundreds of dollars that go out of your circle of wealth every day. The idea of recapturing the lost dollars is a much safer and more powerful way of creating wealth than any other investment vehicle known today. This creates a low risk and high return method of accumulating wealth by taking principles that have been around for years and years and implementing them into our own personal lives.

Banks have been around for years, and function and grow thanks to the flow of money. They sell no product, no service, they just know how money flows, and can make it work for them. By implementing these principles and using the right vehicles to get there, you can create a promising financial future and legacy of wealth to pass on to future generations.

Benefits:

Tax Deferred Growth
Tax Free Income
Income Tax Free Death Benefit
Collateral
Competitive Returns
Unlimited Options (Loans)
Unlimited Contributions
Creditor Proof
No Probate
Liquidity, Use, and Control
Passive income for Golden Years

I know of no other strategy that has all of these benefits. Everything has restrictions somewhere, but this concept shows you the right vehicles to use to have these benefits, all of them.

Please visit Becoming Your Own Bank! The Infinite Banking Concept!

Money, Economy, and Government » creating wealth

Your Financial Plan: A Bucket With Holes?

Becoming Your Own Bank! Infinite Banking Concept!