Real estate blog entries tagged with eurekonomics by Jeffrey Reeves (EUREKONOMICS[tm])

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Home : Blogs : Jeffrey Reeves : EUREKONOMICS! : Tag "eurekonomics"

eurekonomics: Question re FDIC... - 11/25/09 11:06 AM

Dave Semple asked about FDIC insurance for the money in the "banks" suggested by the EUREKONOMICS' Money for Life Model for 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 "being your own banker" is analogous to how one creates wealth and manages personal finances rather than a direct reference to commercial or chartered banks.)
The answer is...
You can use any savings product - or you can also use your mattress - as your "bank." … (2 comments)

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Jeffrey Reeves

Denver, CO

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