earning you income, tax refunds, the hidden fees and commissions inside your retirement account, credit card fees and interest, the wrong type of life insurance, the wrong deductible for property & casualty insurance, and lost interest paid out to others. This is money just going down the toilet! And with knowledge, you can eliminate this drainage.
“Never have your money at risk or pay management fees.” — TLR.
Do you think your taxes be higher or lower in the future? The Most Important Economic Unit on the Planet – the Family & the Power of Legacy! Let me give you folks an example of how to use the PFB to better benefit your family than holding your money in a certificate of deposit at your local bank. Plus, instead of you being a creditor of the bank, you own and control your money. What do I mean by this? Because after 2008/09, the Dodd-Frank Bill states that the government will not bail banks out of bankruptcy. So, when you deposit money into a commercial bank, you are given a deposit slip that puts you in the position of being a creditor of the bank. Should your bank file bankruptcy, you become an unsecured creditor of the bank. In 2015, the FDIC, by law, must have at least $1.15 per hundred dollars in a bank to protect their bank depositors. Would you loan money to a stranger without collateral? I doubt it, and yet that is exactly what you are doing every time you make a deposit. The family can be the most important economic unit on the planet. Here’s a great scenario. Nanna, a grandmother, age 70, in good health,
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