The personal finance blog by Legacy Insurance Agency. Stay up to date on financial issues. Scroll down for our latest blog and archives.
You can increase your knowledge and improve your Financial Intelligence by reading our blog. Read the latest financial news, and learn financial strategies for achieving financial success.
Personal finance entails the management of income and expenses over time. Individuals can manage their family’s cash flow and savings to build wealth, similar to how a business may manage their finances to earn profits. Financial management may involve credit cards, mortgages, insurance, retirement, savings, taxes, risks and life events.
Our mission is to enrich the lives of families by providing a process for them to maximize their financial security by avoiding the eroding factors of money, and to promote financial intelligence by educating others with specialized knowledge.
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Do What the Banks Do –
Nelson Nash, said “Banking is the most important business in the world.“
We have to start thinking like bankers.
Banks make money using other people’s money (OPM).
Infinite Banking allow us to finance our purchases without bank rules.Read More →
BYOB, How To Become Your Own Banker. Becoming Your Own Banker© is the textbook for a ten-hour course of instruction on the power of dividend-paying whole life insurance. It is education for consumers to use for their family and business.Read More →
At some point, most people ponder how to make money. And while the old saying “buy low and sell high” sounds easy enough, it can be hard financial advice to follow.Read More →
How To Pay Off Debt and Create Wealth with Infinite Banking. Learn how to use Infinite Banking to transform your debt into wealth in this case study. Read More →
Expand your knowledge by reading books, meeting people and experiencing life. None of us know everything. Things we don’t know, changing perspective. Read More →
Cover Your Assets! Retirement RISKS and How To Avoid Running Out of Money During Retirement
Sequence of returns risk addresses the concern most people about retirement, the fear of running out of money.Read More →
What is infinite banking? Infinite Banking is a way to finance your major purchases through your own “bank”. Without depending on traditional banks and financial institutions. Eliminating the need for credit reporting. Nelson NashRead More →
Tuesday Tip – compound interest. And, specifically uninterrupted compound interest or uninterrupted compounding.
3 financial instruments that allow for uninterrupted compounding.
1. Real Estate
2. Margin Accounts
3. Permanent Life Insurance
The major difference in all of these is, only PLI offers guaranteed growth. And, if used correctly the growth on PLI is tax free.
Financing your major purchases through your own plan can increase the average family’s wealth by $500,000 or more over a lifetime. Read More →
“Protecting My Family Financially Means Everything to me. That’s why I have life insurance.” ~Brooke ShieldsRead More →
