Financial Strategies # 6 Multi-Task Your Money

When you place your money into any financial vehicle where you are penalized for wanting or needing to use that money some time in the future, before the certain time frame is up, what is happening to your money while it is waiting for that time period to end?

1. You have NO CONTROL of your money.

2. You CANNOT USE your money (without penalty or without collapsing the financial vehicle)

3. Your money is being LENT BACK TO YOU at higher interest volume than what you're earning on any of your investments.

ALSO, ASK YOURSELF ...

4. In how many of these financial vehicles are you guaranteed NO LOSS OF YOUR PRINCIPAL investment? What is Warren Buffet's #1 rule? Never Lose Money. His #2 rule is - Never forget rule #1.

5. In how many of these financial vehicles is your money assured GUARANTEED GROWTH?

6. In how many of these financial vehicles are your earnings assessable without having to PAY TAXES on the growth and/or the possible tax deferred principal?

How is your money, that is being put away for YOUR FUTURE, benefiting you NOW, in any of these financial vehicles? Or is it benefiting someone else way more?

The FINANCIAL MODEL that we have been taught to follow does not work for our best interest!!

Basically, the financial institutions are using your money to earn profit for themselves NOW. And the longer you have to leave your money in the account, the more money they can make.

*An average of 2 million dollars ($50,000 per year x 40 year average working lifetime) flows through our chequing accounts over a lifetime. Ever heard of overnight lending?

*Savings accounts where we do have easy access pays pittance for interest rates.

*CD's we use for a higher interest rate but without access for a short period of time, usually a few years.

*College savings are encouraged to be started when you first have a baby, so they last for 18 years of no access and then you are restricted to use the money for education only or you are subject to more penalties. Also, these can be tied to the market and therefore risk of loss is a real possibility.

*Retirement accounts - now we are leaving our money in accounts for possibly 40 years, more or less without access and with multiple restrictions.

*Stock Market - Mutual Funds - Market swings are definite yet the advice is you will benefit over time. Well, what if when YOU NEED the money, the market is down.

If you want to learn how to build wealth safely, securely, with guarantees of no loss of principal and guaranteed growth you are going to have to change the way you have been taught to think about money? There is no other way around it. Change can come easily or with difficulty but one has to change their conditioned mindset for growth to occur.

It is not that the principal I am talking about is new, it isn't, it has been around for over 200 years, but it is your belief that you know something to be one way when really it isn't that way at all, that has to change.

In the diagram below 1% Wealthy means the 65 year old has an income of $75,000 or more.

....Which Are Based On Using The Same Money At The Same Time - Basically Multi-Tasking The Same Money You Are Currently Putting Away For Your Future As Well As The Money You Are Borrowing or Leasing From Lending Institutions over your whole lifetime.

1. Would you like to fund your retirement with your car purchases or business equipment purchases throughout your entire life?

2. Would you like to have a guaranteed average 35% return on your money by recapturing what you are paying someone else?

3. Would you like some protection for your money against lawsuits, judgments and creditors?

4. Would you like to be assured your money is going to grow with a minimum rate?

5. Would you like to earn dividends that are never taxed?

6. Would you like to protect your insurability no matter what happens to your health or what profession you choose?

7. Would you like to draw tax free income when you decide to retire?

8. Would you like to know the end at the beginning and therefore be able to truly plan for your future with predictability, knowing if you do this with your money today, you are assured this will be the outcome tomorrow?

9. Would you like the peace of mind that your life insurance premiums will be paid for you if you ever find yourself disabled?

10. Would you like to own your own personal banking system that is easy to use and puts you in control of your money?

If answers to any or all of these questions interests you then keep reading.

When you put money into a 401(k) or an IRA, who is now in control of your money?

When you put money in the stock market, who is now in control of your money?

When you put money into a mutual fund, who is now in control of your money?

When you put money into a CD, who is now in control of your money?

When you capitalize a business, are you in control of the outcome?

When you buy gold or silver, are you in control of it's value in the future?

When you put your money into real estate, are you in control of it's future value?

How safe is your capital in any of these vehicles/investments/ventures or is there a probability of loss?

Is it creditor proof, lawsuit proof or judgment proof?

Do you have to pay taxes on any growth or gains when you choose to use it?

How easy is it to access your money if you want to use it or need to use it? Are there penalties and restrictions? Why is this so?

If instead, you put your money into a specifically designed whole life insurance policy, you will have liquidity, use and control of the 60% to 70% of the cash value immediatley. The good news is that that 60% to 70% immediate cash value grows each year. So next year you may have 70% to 80% and by year 4, 100% of the premium you pay will be available as cash value.

What happens after year four? You end up with more cash value available than the premium amount. And each year it grows and grows. It is a beautiful thing.

Multi-tasking your money is a phenominal way to build wealth.

Eliminating Debt is the number one priority when it comes to building wealth.

Of every dollar that the average American earns, the national average of the percentage paid in interest on debt is 34.5%. That means 34 1/2 cents of every dollar is paying interest on debt.

However, you can actually be BUILDING WEALTH at the same time as ELIMINATING DEBT by MULTI-TASKING YOUR MONEY CORRECTLY, IN YOUR OWN BANKING SYSTEM.

If you read my series of six Bank Strategy hubs, you will learn about how you can be educated (in your own home, using your own money) about how interest works and how interest can be saved by using a specific software tool that works like a financial GPS. But to supercharge your money by multi-tasking it even further is just superlative. Please understand the power of this concept.

How can you supercharge debt elimination and wealth building at the same time even more than just canceling interest charges? It is easy, but you must listen up now and take note.

The Money Merge Account system teaches you to move your money between accounts differently than you are normally taught to do. By so doing, you can eliminate a lot of interest charges and pay off your debt faster.

However, that money is still only performing two actions or benefits for you. It is saving you interest charges which in turn knocks years of payments off your debts, so you pay less and get out of debt way faster than you would have otherwise, which is a bloody good thing (excuse my Australian) don't get me wrong.

However, what if you set up your own banking system to run or flow your money through before paying off your debt payments? This mutli-tasks your money by

1. creating an instant estate in the form of a death benefit,

2. keeps your money safe from predators,(lawsuits, judgments, creditors)

3. guarantees to grow your money a minimum amount but could possibly grow more than that, which is much better than the possibility of losing it in the future,

4. Is ensuring your insurability for your entire lifetime, no matter your future health condition or occupation.

5. Is creating your retirement fund which allows tax free withdrawals and does not fall under the same restrictions and penalties that other retirement vehicles like 401(k)'s and IRA's do.

6. Is earning dividends which are considered a return of premium and are therefore never taxed.

6. And a big advantage is that your money is growing, even though you are borrowing it from your policy and using it to pay off the debts you owe other financial institutions. Because you are borrowing the value of the cash not the actual cash like you do in a savings or chequing account your money is growing while at the same time canceling interest charges to other financial institutions which helps you recapture the wealth that is flowing away from you by reversing it back towards you into your own bank.

7, You are creating your emergency fund

8. You are creating a fund to help pay for your children's education and wedding's or vacations for yourself.

If you are wondering how to set your child up for success there is no better way than opening this type of life insurance policy for them at birth, or starting at what ever age they are at now.

A 529 or education fund is considered an asset by colleges. A life insurance policy is not, therefore financial aid may be more readily available for you. Plus, if your child, like Bill Gates, ends up leaving college to become an entrepreneur and you no longer need to use the money in that education account for education, guess what, you may well be penalized by possibly 25% if you use that money for something else, like helping them start up their own business, or helping them buy a car. You have liquidity, use and full control of what happens to the money in your life insurance banking system.

9. You are assuring your beneficiaries are taken care of with a disability rider which pays your premiums if anything should cause you to need it, thereby protecting your legacy.

And the biggest benefit, as if the 9 preceding benefits aren't enough, your money is now working for you 24/7/365 and you are now in control of it. You can now decide how much you want to put into your bank. How much you want to take out of your bank, How much, how often, and at what rate you pay yourself back, if you choose to pay yourself back at all. (It is advisable to pay yourself back until you are at the age where you retire and then you do not need to pay yourself back. But you can if you want to, it is your choice)

Can you see the multiple benefits of multi-tasking your money in this one, specially designed, whole life insurance policy with a Mutual Company? You just cannot find any other financial vehicle that encompasses all these benefits, all at the same time. If you know of one, please let me know what it is and where it is. Really!

Wouldn't you like to multi-task your money by having your life insurance, your emergency fund, your retirement fund and a lending pool of money for your lifetime financing needs all working together for you at the same time?

Instead of uni-tasking your money in multiple separate financial vehicles, and have to borrow money from someone else and pay them an average of 34% in interest charges; instead, borrow from yourself recapturing that 34% back into your own financing system which is growing your emergency fund and your retirement fund at the same time. The death benefit is just the icing the cake that comes along with the only type of financial vehicle that allows you to become your own banker.

First and foremost this is a banking system. You can open as many of your own branch offices as you wish over your lifetime.

Learn more about about Life Insurance here.

Please contact me today so I can do a free consultation with your personal financial circumstances and show you benefits you can create for yourself and your loved ones.

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