Home Mortgages and Wealth Transfers originally posted from MoneyTrax and Don Blanton
Mortages
We are of the opinion that everyone should have their home paid off and paid off as fast as possible—but choosing the right loan to accomplish that can be confusing.Read More →
The politics of banking. A contrarion, argument for freedom and liberty from the banking regime. 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 →
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 →
The Power of Zero lays out the problems ahead for Americans during retirement. And, what you can do to avoid paying more in taxes than necessary by getting into the 0% tax bracket. Plan for a secure retirement in the 0% tax bracket.Read More →
The Federal Reserve Raises Rates Hauntings from The Creature from Jekyll Island The Federal Reserve raised interest rates on Wednesday by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent. In a statement that marked the end of the era of “accommodative” monetary policy, Fed Chairman Jerome Powell said the removal of the wording did not signal a policy outlook change. “Instead, it is a sign that policy is proceeding in line with our expectations.” said Powell. “The labor market has continued to strengthen … economic activity has been rising at a strong rate,” it said in its statement. While interest ratesRead More →
Government Default or Raise The Debt Ceiling? Will the government default or raise the debt ceiling again? The U.S. Treasury Department is now calling on Congress to raise the debt ceiling once again to prevent a government default. Officially, the current United States debt ceiling expired on March 15th, 2017. The following day, the outstanding debt of the United States was at the statutory debt limit. This means that lawmakers must now decide how to address the nation’s fiscal problems or face government default. Treasury Secretary, Steven Mnuchin, recently sent a letter to House Speaker, Paul Ryan, on March 8 urging Congress to raise the debtRead More →
Declare your financial independence July 4th! This is the birthday of our nation and the historic signing of the Declaration of Independence.Read More →
Happy New Year from Legacy Insurance Agency! Money, Politics and What To Do I hope you’ve had an amazing and Happy New Year! So I wanted to write this post to encourage you, and to follow-up on some of the posts I’ve made online and in blogs recently… As expected when speaking about politics and money, I’ve definitely struck a nerve. In fact, I was surprised more than anything, by the amount of POSITIVE feedback I’ve received. BUT, most people are so scared of “offending” someone that they won’t even comment or share my posts. I’m also disappointed that so many people still don’t “get it”. Here’s whatRead More →
Socialism vs Capitalism Socialism vs Capitalism. These are opposing schools of thought in economics. Essentially socialists believe in big government and capitalists believe in free enterprise. The remainder of this blog was written by Austrian Economists, Carlos Lara and Bob Murphy. Excerpted from the Lara-Murphy Report 5 LMR NOVEMBER 2015 by Carlos Lara and Bob Murphy If there was one thing we could say with regards to socialism that would cause people to rethink socialism’s entire ideology and reject it, we would point to its inability to calculate or appraise anything. It has no means for testing. Without this one ingredient in the fabric of society howRead More →