EUREKONOMICS, The FDIC, & The Money For Life Model

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 [...]

Eurekonomics – How Whole Life Insurance Can Save Social Security

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, [...]

Open Letter To Those Who Doubt The Money For Life Model…

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, [...]

Has America Been Listening To The Wrong People About Money?

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 [...]

Another Wake Up Call For The “Invest The Difference” Crowd…

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 [...]

How’s Your Insurance Company Doing…

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 [...]

The 21st Century Way to Wealth…

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 [...]

Financial News From The Week Of July 25th, 2008…

I pay close attention to the financial news. It’s part of my job to know what’s really going on in the general economy so I can properly train other advisors and guide my personal clients with integrity.
Below are six articles from financial news sources from last week I encourage you to skim the first five [...]

Alarming Stats About Young People and Money…

America’s young people are trapped in a dysfunctional paradigm that is robbing them of the oppotunity to succeed. 
“The June 2008 Greenberg survey, entitled “Young People: Living on the Edge” illustrates the severe impact of the current economic crisis on 18 to 34 year olds…
“Of the young adult participants, 75 percent say they have gone deeper in [...]

Advice About Saving From Benjamin Franklin…

“Human felicity is produced not so much by great pieces of fortune that seldom happen as by little advantages that occur every day.” Benjamin Franklin,
John Bigelow, The Works of Benjamin Franklin, Volume 1 of 12, pg 254
Ben Franklin penned these words about a topic other than money, but could just as well have been discussing saving.
Einstein [...]