March 19, 2010

Comments Off

Money, Banking, Taxation – Becoming Your Own Banker

Money is hardly ever considered an asset. Yet you can prove that it is an asset by attempting to live 10 days without using it. Because assets tend to multiply this is an important realization.

Someone once said, “The value of an asset increases exponentially while the value of your labor only increases incrementally.”

The Rate of return on their money, for many, seems to be more important than the return of their money. But the real value of money is destroyed when rate of return is the focus. This is because someone else is in control of the actual money.

What about this:

Whose bank do you deposit your paycheck in?

A commercial bank or one that you own?

Does your money make you or the Bank the most because of this transaction?

The late Adrian Rogers argued that you cannot multiply wealth by dividing it. Ritually, putting your money into a Bank owned by someone else gives someone else control of your money— not you. This simple process— the separation of you and your money— can be very costly. Remember, every time you lose control of your money, you lose money! Once you give the control of your money to others they can assess fees and service charges, use your money to make themselves money, or lose your money and pay you little or nothing for compensation.

You must read the book about the Infinite Banking Concept entitled Becoming Your Own Banker. It will allow you to control and profit from the financial equation which is:

You lose money whenever you buy anything. You lose money that you could have earned in interest when you pay cash, or you lose the interest you have to pay someone else to use their money to make your purchase.

But when you practice the Infinite Banking Concept, you can pay cash for your purchases and earn the interest that banks or finance companies would have otherwise earned off you. This is because you are now using your money as an asset and the growth becomes exponential when compared with what happens when you put your money in a bank owned by someone else, or with an investment firm.

Tomas McFie is a professional financial coach and is widely known for helping people recover the money they currentley spend. Don’t Make another payment until you have watched his Infinite Banking Video Then Contact him he can help you




SunAndSki.com
No responses to "Money, Banking, Taxation – Becoming Your Own Banker"

No comments yet.

Leave a comment

Sorry, the comment form is closed at this time.