5 Most people are more concerned with the interest they pay than the volume of interest. □ 6 The average American could write a check for $3,000 without having to borrow the money □ 7 The most important economic unit in America today is the government. □ 8 Privatized Family Banking (PFB) is all about use, control, and liquidity. □
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9 Privatized Family Banking (PFB) is a process, not a product.
A 529 government-sponsored education program works much better than Privatized Family Banking (PFB).
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11 You can always get money out of Privatized Family Banking (PFB) without paying taxes □
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With Privatized Family Banking (PFB), one actually borrows money directly from his/her own individual policy. Everyone should have a portion of their retirement planning in a PFB. Willie Sutton’s law is, “Where there is a pool of money, someone is going to try and steal it.” There are basically three types of money: lifestyle, accumulated, and wealth transfer money Lost Opportunity Cost is money that is being transferred out of your circle of wealth unknowingly and unnecessarily— such as tax refunds, interest, low deductibles. The three main obstacles to wealth creation are market losses, fees, and taxes. Every dollar spent or lost is gone out of your economic circle of wealth forever. You can recover most of your interest you pay to others using PFB. Most families transfer approximately 34% of their wealth in interest paid to others.
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