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Sunday, November 1, 2009

Recover The Money You Spend on, Taxes, Interest, Payroll, Living, Cars, And More!

By Tomas McFie

Begin Reading This Book.

"What I am about to tell you cost me thousands of dollars. Now, because you are open minded you are about to learn the way money really works and what it takes to create real riches and lasting wealth!

Most Americans are oblivious to the fact that they constantly throw away 30-40% of every dollar earned after paying taxes. The reason for this is because everything you purchase is financed. That is correct! There are two ways you do this; you either lose your money by using someone else's money and paying them the interest on it; or you lose money by pay cash and forfeiting interest that you would have been able to earn on what you just spent. It's a choice of lose or lose. This is the essence of the banking equation! This is what keeps you from building lasting wealth for you and your heirs, and it is something that the wealthy recognize and put into practice every day.

So what else do wealthy people do? People that are wealthy own participating whole life insurance with a high premium. These are policies with a mutual company preferably offering non-direct recognition cash value loans. Why? Because when it comes to the Banking Equation, owning participating whole life insurance is like eating your cake and having it still yet. Sometimes this is called over-funding, but when you know that you will receive everything back-along with interest and no further taxes-that should not be a problem for you. With the wealthy it certainly is not an obstacle. So what do the wealthy use these whole life policies for? They use them to finance the things in life that they need. They use this structure to make money from their purchases exactly like the financial institutions and banks are currently making off you and your purchases.

The Infinite Banking Concept, the book written about "Becoming Your Own Banker" (BYOB) by R. Nelson Nash, demonstrates how you can literally use your own money to finance everything that you need in life and get all the interest and principle back into your own pocket! Go ahead, ask any CPA or tax attorney and they will confirm this basic fact: "The return of your money is more important than the rate of return on your money." That is what the Infinite Banking Concept (aka IBC) is all about. Put that in a tax free inflation offsetting product and if you listen to the right coach, you are on your way to true riches and lasting wealth.

Finally:

Where do you find most banks in obscure, cheap, and inexpensive places?

I f you had been utilizing your money like the banks or financial institutions do, would you have more money in your hands?

Start recovering one third of what you spend monthly, then you can take that vacation that you have earned and your family deserves! - 23211

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