Imagine this–
A successful 45 years old
A couple of children about to go off to college
The stay-at-home spouse is about to re-enter the work force even though the family doesn’t need the income
The mortgage-paid off
No auto loans, credit card debt, or home improvement loans
Several years of living expenses set aside [...]
Over just a few decades, the Behemoths’ clever public relations firms and their ill-informed minions managed to move almost every dollar that belongs to you and every other American into either debt or equity over which you have no control. There’s just no room for savings in this scheme of things so the Behemoths sell you term insurance to keep you from putting your money in whole life insurance and local savings accounts where you control it.
As I have said on many other occasions, Behemoths—big government agencies like the IRS, Fannie and Freddie, big investment firms, mutual funds, and stock insurance companies, big insurance agencies like AARP posing as advocates, big unions, big community organizations like ACORN—have misled Americans about the how-to of creating wealth and managing personal finances. This is [...]
Someone recently asked about FDIC insurance for the money in the “banks” suggested by the EUREKONOMICS’ Money for Life Modelfor creating wealth and managing personal finances, which recommends that each American should act as his/her own banker. (Some advisors refer to these as “family banks,” “infinite banks,” or “personal banks.” The use of the term “banks,” “banking,” and [...]
Preamble…
There are hundreds - perhaps thousands - of legitimate uses for participating (par) whole life insurance.
Thoughtful and creative insurance and financial guides recognize par whole life as the most powerful, flexible, and versatile financial tool in the US economy. These enlightened guides use par whole life for applications as simple as fulfilling basic family needs, [...]
Dear Kay,
At www.youBEthebank.com we are committed to re-educate America about the power, flexibility, and versatility of dividend paying whole life insurance and the extraordinary benefit of participating with like-minded people in ownership of mutual insurance companies. To this end, we have sacrificed the past several years of our life to write and publish books, blogs, [...]
In 1974 the US Congress passed ERISA and began convincing Americans that saving money was a bad idea. The law they passed convinced us that investing [aka gambling] in an IRA or 401(k) was better than putting our money into guaranteed return savings vehicles. Americans listened. Wall Street and the IRS rejoiced.
In 1977 a high school coach [...]
Where do mutual insurance companies keep their money? Bonds are a staple of mutual insurance company investments. Opponents of whole life insurance from mutual companies say returns on bonds simply don’t compete with the equity [aka stock] market.
BUNK - AGAIN!
Below is an amazing chart extracted from John Maulden’s Weekly Letter that should make every “buy [...]
Financial advisors that have studied the capabilities and performance of the insurance and investment companies they represent have known for a long time that developing the foundation for a successful personal economy demands the use of the most powerful, flexible, versatile and secure financial tool in the advisors tool belt…participating whole life insurance from a [...]
By Dr Benjamin Franklin and Dr Agon Fly
In 1758 Benjamin Franklin published the final annual installment of Poor Richard’s Almanac. As a preface to this final edition he wrote The Way to Wealth and introduced Father Abraham as the main character in the tale.
Father Abraham embodied the financial wisdom that “Poor” Richard Saunders – Ben [...]
