Be The Bank
When you put your money in a Conventional bank – they immediately put that money to work, for them, not you! Banks need you way more than you need them! Think about it – why do banks exist? Yes, you can deposit your money there, and it is a reasonably safe place...
Harness the Power of a 1035 Exchange
What is and how does it work? A 1035 exchange refers to the IRS tax code that allows for a tax-free transfer of an insurance product like life insurance or an annuity contract for another without a tax consequence. The advantage to you is this – you don't have...
Ease the Pain at the Pump
Free Stock photos by Vecteezy The cost of fuel is affecting everyone! I have never thought about little things I could do to save a few cents here and there, but when we hit five bucks a gallon, we are definitely thinking about it! I have seen some great tips I...
Reduce Risk – Pay Less Taxes
What is the actual annual rate of return you are getting in your mutual funds? Have you considered the effect inflation has on the average return rate? Have you looked at the fees and expenses you pay for your investment accounts? And what about the money in...
7 TIPS FOR LIVING THE FULL LIFE LIKE THE ROLLING STONES
By Edward E. Klink Rolling Stones legendary drummer and founding member Charlie Watts passed away recently at age 80. Formed during the Kennedy administration, the Stones—including Watts and septuagenarian Mick Jagger and Keith Richards—shook up the status quo, took...
Why Dave Ramsey Is Wrong
Here is a great article that addresses what Dave Ramsey gets terribly wrong. Ramsey gets several things right and has done a fantastic job helping people get out of debt. Many of the strategies he teaches I completely agree with. But anyone who has listened...
Just Read It
Cheryl and I just returned for the Nelson Nash Institute Annual Think Tank in Birmingham, Alabama. It was an opportunity to meet with and hear from other Infinite Banking Practitioners across the United States and Canada. We always get so pumped up after these...
401k Reality Check
How much of your 401k is yours? The typical answer is" all of it," but don't forget that you owe the IRS taxes on every penny you put in plus taxes on the growth. So conservatively, that's at least 14% of your total amount and could be much higher depending on your...
‘Tis The Season for a Holiday Spending Plan
“By failing to plan, you are planning to fail”Benjamin Franklin Holidays are a great time to gather with family, have fun with friends, and experience the joys of the season. Unfortunately for many, it is also a time for overspending, bad financial decisions, poor...
Be Fearful when Others are Greedy
Our world continues to be filled with uncertainty. Covid appears it is here to stay as we consider vaccines, boosters, variants, and mandates. We are facing higher inflation, job, and labor shortages (which seem contradictory), and significant supply chain...