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whole life insurance: 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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whole life insurance: Alarming Stats About Young People and Money... - 07/28/08 09:40 PM
July 28th, 2008
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 debt over the past year. Nearly 19 percent of respondents report having their phone, cable or utilities cut off, and more than 15 percent have faced repossession or have had their credit card cancelled due to non-payment.
"Additionally, about … (8 comments)
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whole life insurance: Real Estate and Whole Life Insurance: A Financial Marriage Made In America - 07/03/08 12:59 PM
July 3rd, 2008
"Louis, I think this is the beginning of a beautiful friendship." CASABLANCA, 1942
This is going to be a brief but replete post.
This post outlines a strategy that protects you against unforseen loss and guarantees a profit to your estate if you die owning investment real estate.
Every time you buy an investment property you have to establish a fund to assure that the taxes and insurance get paid, the maintenance gets done and that contingencies don't derail the investment's potential.
These expenses get taken care of If you put that money into a savings vehicle and draw it out as … (3 comments)
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whole life insurance: Teaching Children About Money... - 06/17/08 06:47 PM
June 17th, 2008
"Prepare not a path for your chidren. Prepare your children for a path."
Dr Agon Fly
The Bike..
Here's an example of how one man prepared his child for a path and passed on a Legacy.
Mr. and Mrs. Smith started a "bank" for their only son when he was born. They used whole life insurance and funded it in anticipation of the boy's future needs.
When Junior was 11 years old, he came to Dad very excited about a bike he had seen advertised. (I remember that feeling. For me it was a Schwinn with a chrome headlight prominently … (2 comments)
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Jeffrey Reeves
Denver,
CO
More about me…
EUREKONOMICS[tm]
Address: 1270 Jasmine Street, Denver, CO, 80220
Office Phone: (303) 355-0550
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