“you decide”

I touched the search button on my car radio the other day and landed on “The Dave Ramsey Show”. The caller had this story to tell:

“I own two different houses in Florida; one of them is worth $250,000, and the other one is worth $350,000. Both of these houses are paid for.”

“I have a transmission shop that is worth $400,000 but I still owe $70,000 on it.”

“I also own our current home which has a value of $350,000 and I owe $120,000 on it.

“Both me and my wife work, she makes $90,000 after taxes, but for the last 6 months I have not been able to bring anything home because of the economic downturn.”

“I owe $90,000 on credit cards trying to float expenses at the shop due to the downturn.”

“My wife does not want to sell our homes in Florida because by the time we paid listing and seller fees we would have lost over 45%.”

“What is there, that we can do?”

Dave began ranting and raving about the wife of this man being so impracticable in this critical situation and then he recommended that this fellow should sell one of his Florida homes to get out of debt! This recommendation is disastrous for many reasons. Here are some:

It assumes he values money over his relationship with his wife by mocking her concern and advice.

In a very depressed market it still assumes he can sell his property(s).

It also assumes that after he pays off his debt he will not continue to accumulate more.

It assumes the financial crisis is over.

It goes against common sense by assuming that getting out of debt produces financial freedom.

Now we will study the facts:

If it were possible for this fellow to sell his house for 55% of what he has into it then he will be the receiver of $190,000 from the home that was worth $350,000, and less than that on the home that was worth $250,000 ($137,000.) This money will be enough to pay off his current debt and leave him with $47,500. If he has to continue spending money at the rate which he has in his business, this extra money will only last him about 3 months. Then he would find himself right back where he was, only this time he would be worse off, because he would have no equity to liquidate so that he could “bail himself out.” Strike one Dave!

Secondly, it is only an allusion to be debt free in the society of today. The only debt free people that I have seen are the people that are holding signs in parking lots and on the street corners. We really should just face the fact that nobody can be debt free unless they own absolutely nothing. If you own anything, than you face taxes, service fees, utilities etc. Guess What? This means that you have to live in debt. Strike two Dave. No one wants to be a homeless hobo.

Thirdly, Dave this caller obviously has some financial acumen and you ignored this fact. Just consider all his entrepreneurial undertakings. This hack attack was absolutely unnecessary and totally of base. You employed the attorneys old trick, if you cannot find fault with the deed attack the person behind the deed. So, strike three Dave, you are out!

If you will consider this fellows situation it will become apparent that he has made some very sound financial decisions, otherwise where would the asset accumulation come from? And I would seriously doubt that his wife was just an onlooker in this financial expansion. For Dave to insult her, and mock her was totally wrong. But what can you expect if you call a group entertainer for financial council?

So besides prolonging his bankruptcy by selling his personal property what is out there that could help this caller?

We will start with a true but little known fact. There is no rate of return associated with real estate equity. The wealthy have known this for centuries and acted accordingly. This is why the Infinite Banking Concept can become increasingly beneficial to you. You can keep your money in a very liquid and secure place, and still use the asset(s) which your money purchased (or purchases) and not be penalized for using your money which made the purchase in the first place. By Becoming Your Own Banker In fact if you use your money for financing current need and capital ventures… you will end up with more money and assets with only one little caveat… you will not have to work any harder or any longer to make that extra money because your money will be working for you.

So even if Ramsey rants and raves against participating whole life insurance, do not be fooled, who cares what Ramsey says, if it is not true? The truth is that the people that pay these entertainers are the same ones that make money off of you by using your money at your loss.

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

Could you live ten days without money? Try it and find out what an asset money really is. Assets have a tendency to multiply. The problem is hardly anybody treats their money as an asset.

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?

Your bank or a third party’s bank?

Do you or someone else profit the most from this way of doing business?

Do not ever think that you can multiply your wealth by dividing it up. Allowing others to have access to your money by placing it on account at their bank, gives that bank control over your money. You automatically become second in command of your money by doing this. When the bank controls your money, you do not and they make money off your money while you pay the fees, the charges and all other costs associated with banking and financial institutions.

That is why everyone needs to read about the Infinite Banking Concept in the book Becoming Your Own Banker by R. Nelson Nash. Nash explains how, you can take control of your money, which is the asset that can build real riches and lasting wealth. This process is called the Infinite Banking Concept or IBC. IBC allows those who utilize Becoming Your Own Banker, aka BYOB, to recover the costs associated with the banking equation. What is the banking equation you might ask? The banking equation is simply this:

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.

When you Become Your Own Banker, you recover the cost of interest you pay out when you borrow from your own banking system and pay yourself back. You are now using your own money as an asset and it will multiply.

Tom McFie PhDis 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

…and find out what many will never know.

“What I am about to share with you makes so much sense that you will probably get mad that no one ever mentioned it to you before now.”

Perhaps, Sam Walton said it best, Capital is not scarce vision is.

In 1829 John Q. Adams wrote:

All the perplexities, confusion and distress in America arise from downright ignorance of the nature of coin, credit and circulation.

Well, people are still perplexed today, by the same thing John Adams referred to when he wrote that statement back in 1829! All this is because the population has been kept in the dark about how banking really works. This is not an earth shaking thing. The disease of money and banking can be found throughout the Unites States. John Maynard Keynes had this to say:

There is no subtler or surer means of overturning the existing basis of society than to debase the currency. The process engages all the hidden forces of economic law on the side of destruction and does it in a manner which only one man in a million is able to diagnose.

Now if John Maynard Keynes, one of the most celebrated economists of the 20th century said, that only one in a million could detect the debasement, do not beat yourself over the head for not being aware of it. But do take some time to hone your detection skills so you will stop throwing away your money!

This is a different way to think about things, people regularly bid goodbye to 30% to 40% of every dollar they earn (that is after taxes.) This is because everything we purchase has a financing cost. That is correct! This is why; either people use money belonging to someone else and have to throw away their money to pay the interest, or they pay cash outright and lose all the interest that their money could have made for them. Both ways can be depressing. This is the banking equation revealed!

But you know, it does not have to be that way. It has been proven time and time again, that the method of using life insurance cash values as a personal banking system works. By Becoming Your Own Banker, utilizing the Infinite Banking Concept as explained by R. Nelson Nash, you can capitalize on your own debt just like the banks and financial institutions do right now, only you will be the winner this time around not them.

Money is an asset! Try living a week to 10 days without it and you will appreciate just what an asset it really is. But most people do not treat money like an asset and therefore they destroy moneys best quality. You see money treated as an asset multiplies exponentially.

It has been written that “The value of an asset increases exponentially while the value of your labor only increases incrementally.”

The return of your money is more important than the rate of return on your money. Those that fail to grasp this concept lose the real value of money by losing the control of their money.

What about this:

Where does all your money go when you get a paycheck?

Into a Bank owned by someone else?

Who benefits the most by this process? You or the other guy?

It has been written that “you can’t multiply wealth by dividing it.” Habitually letting others have first right to your money by depositing your paycheck into their bank, gives them control over your money and not you. This will wind up costing you thousands of dollars, if not more, over time. Each time you give up management of your money to someone else you lose wealth. When you allow others to manage your money your money now can be subject to account charges, service fees and management fees. Plus the managers of your money will make money off your money and pay you very little in comparison to what they are making.

That is why everyone needs to read about the Infinite Banking Concept in the book Becoming Your Own Banker by R. Nelson Nash. Nash explains how, you can take control of your money, which is the asset that can build real riches and lasting wealth. This process is called the Infinite Banking Concept or IBC. IBC allows those who utilize Becoming Your Own Banker, aka BYOB, to recover the costs associated with the banking equation. What is the banking equation you might ask? The banking equation is simply this:

You finance everything that you purchase in life. You either pay someone interest to use their money to make a purchase, or you give up the interest you could have made on your money when you make a purchase with your own money. Either way you lose.

When you Become Your Own Banker, you recover the cost of interest you pay out when you borrow from your own banking system and pay yourself back. You are now using your own money as an asset and it will multiply.

…and find out what millions will never know.

I am going to share with you a concept that makes so much sense; it might make you angry that nobody ever shared it with you before now.

Sam Walton said it well, Capital is not scarce vision is.

In 1829 John Q. Adams wrote:

All the perplexities, confusion and distress in America arise from downright ignorance of the nature of coin, credit and circulation.

People today are perplexed by the same state of affairs that John Adams wrote about back in 1829! That is because most people have never been exposed to the truth about how banking really works. But you do not need to be traumatized about this. The disease of money and banking is an endemic in the United States. Besides John Maynard Keynes once wrote:

There is no subtler or surer means of overturning the existing basis of society than to debase the currency. The process engages all the hidden forces of economic law on the side of destruction and does it in a manner which only one man in a million is able to diagnose.

If Keynes a widely recognized economist of his time said it would take one in man in a million to be able to recognize this problem, don not kick yourself too hard because you did not recognize this before now. But do take a deeper look at reality so that you will be able to recognize the facts so you can stop throwing money away.

Take an honest look at your situation. You routinely throw away 30% to 40% on every dollar that you earn (after paying taxes.) This is because everything you purchase is financed. Check it out! You either pay interest to others so you can use their money; or you lose the interest that you would have earned on your own money. Either path you take suffers defeat. This is the effect of the banking equation!

But you know, it does not have to be that way. It has been proven time and time again, that the method of using life insurance cash values as a personal banking system works. By Becoming Your Own Banker, utilizing the Infinite Banking Concept as explained by R. Nelson Nash, you can capitalize on your own debt just like the banks and financial institutions do right now, only you will be the winner this time around not them.