you consider that you, the payer, maintain control of the money. I strongly believe one should always be in control of one's money. Privatized Family Banking (PFB) works great for Education Funding. How are you funding your children's or grandchildren's education program? The government recommends a 529 plan. Wrong! There is a much better way, the parent or grandparent remains in control of the money. Should you take the money out of your program the government plus 10% penalty. The Privatized Family Banking strategy is great for gifting to charities while benefiting your family. When gifting with a charitable trust, wouldn't you want to maintain control of the money to make sure it is used with wisdom and good stewardship? Leaving a large sum of money to an organization can be dangerous because philosophies and administrators are always subject to change. And a large pool of cash can be tempting to anyone. Again, the bottom line is someone should always be in control of their money. Most people don't have a clue because they follow the crowd and adhere to the advice of conventional thinking, which in most cases is financial slavery. Are you beginning to see how traditional thinking is leading the American public into financial slavery? Approximately 82% of the American workforce has their retirement money controlled by the government and Wall Street. Privatized Family Banking gives the retirement money controlled by others. Remember, with a qualified plan, you take all the risk, pay all the fees and are delaying some future date. Do you think taxes will be higher or lower in the future than most retirees? Remember, most Americans buy interest- buying they will have SAVED during retirement! Through PB we will have the knowledge to do this right way when it comes to purchasing a house or other major capital purchases. It works in real life.
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