Balance is key. In general, there are only three things you can accomplish with your money: Secure what you already have, increase what you have, and change what you have. Yet individuals often make the mistake of neglecting one area or over-emphasizing another. Prudent financial strategies balance these three (secure, increase, and change) and then use these agreements to preserve the assets you have worked hard to acquire. If you can't protect your wealth, you run the risk of losing it. THE GOVERNMENT IS YOUR FINANCIAL PARTNER, WHETHER YOU LIKE IT OR NOT. Whether or not we get our money's worth for the taxes we pay is open to debate, but history has shown that countries tax their citizens. In keeping with the first statement, the type of taxation will almost certainly change. But in one way or another, every dollar earned is a dollar that the government — federal, state, or local — wants to evaluate to see if a few cents can be transferred from your pocket to theirs. Every dollar.
Privatized Family Banking (PFB) If you understand this page, you understand…
Meet Sam and Dave . . . Here are two neighbors, both aged 50. Their names are Sam and Dave. Sam has been trying to explain to Dave how Privatized Family Banking (PFB), such as a great alternative to certificates of deposits and most other safe investments he has used in the past. Dave challenged Sam to contest. They both decided to put back $49,250 each for a period of ten years, giving them a total of $492,500. Dave put his money in Certificate of Deposit in his local bank, earning 4.1%, net 3.61% after tax, and purchased a 10-year term policy to equal Sam’s death benefit for a $5,647 annual premium. Sam purchased a high-grade, well- designed, dividend-paying whole life insurance from an A+ Superior mutual insurance company with over hundred- forty- five years of success.
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