“I’m king of the world!” Titanic, 1997

Americans have had a love affair with automobiles for over a century. We buy them with abondon; new, used, wrecked and restored. A car inflates our ego, provides useful transport and crystalizes our status. For many reasons it makes us feel like we are royalty; in charge of our world.

Unfortunately the opposite is true. Spending thousands of dollars on a product that is worth less than we paid for it as soon as we take possesion deflates our bank accounts and our balance sheets at the same time.

There is a way, however, to profit from your car purchases. Here’s a thumbnail sketch of how it works.

My wife and I just bought our first car since 1993. We borrowed the $24,000 from two of our “banks” - we use participating whole life insurance policies for our banking - to buy the car and will pay ourselves back the same as if we had borrowed from Guido the Loan Shark or the local bank (both having about the same level of interest in our well being.)

If we had borrowed from the bank our payments would have been about $565 for 48 months and the total we repaid would have been just over $27,000. Once the car was paid for we would be free from debt and would own a virtually valueless vehicle.

Instead, we are going to repay our “banks” $600 each month for 48 months - a rate of return of about 9.25%. (Why not higher, since all of the money returns to us?). When those 48 months have passed we will have $28,800 in our “banks” and still have the virtually valueless vehicle. In other words, we will have captured, in our accounts, all of the money that otherwise would have gone to the bank as principal and interest.

Not only that, but our “banks” would have been earning interest on the money that we repaid so the actual internal rate of return would be even higher - approaching 13%. In addition, the earnigs would be tax free and virtually guaranteed. Find that in the “markets!”

Granted, there’s a start up period where you have to accumulate money in your “banks”. That is not as hard as it may seem and you can start at any level you choose. Some have started with a few dollars a month and others with ten thousand dollars a month once they discovered how this process works to serve their interests and not those of banks and the other Behemoths.

Learn how The Money for Life Model lets YouBeTheBank and control the money that flows through your life. — www.TheMoneyForLifeBook.com

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