Common Sense Economics

You’re probably in the lowest tax bracket you will ever be in! Review the history chart of the temporary tax on pages 37–41. As a nation, are currently in the 4th lowest bracket! Government-qualified plans create a tax trap! Go back and study page 16. You make money by managing your losses. Study page 69–72. You finance everything you buy! You either pay cash for the item and give up the opportunity to earn interest on the money you have just spent, or you finance the item and pay interest to someone else. There are no exceptions to this rule except the Privatized Family Banking (PFB)! Remember the wise old farmer on page 130. You must understand the chart for creating wealth on page 106. The only two roads to avoiding the agony of the Probate System: You absolutely must not own any titled assets! Or you have a game plan in place at your death to avoid this stressful and expensive government system for depleting your assets. As an owner of a business, you can legally create a Private Retirement Plan without including any of your employees! This is great for you and your family! Page 153–160. You need to have all your Lazy Money working to outperform taxes & inflation. Never lose money through market risk or paying fees! Remember: the definition of “RISK” is that you can lose all your money! Study Sam & Dave’s story on page 135. If you understand this page, and you’ve got it. Knowledge is Something You Learn, but Wisdom is the Ability to Apply What You Have Learned to Your Everyday Life.

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