Financial Foundations

“A good man leaveth an inheritance to his children’s children…”
- Proverbs 13:22a

What if you could recover the interest expenses you pay to finance cars or other major purchases?

What if you could recover the “lost fortune” on the money you needlessly give to financial institutions?

What if you could do this on a tax-free basis?

If your is answer yes, then would you?

You can, if you learn how to Become Your Own Banker.

The Infinite Banking Concept will teach you how to become your own banker by:

* Creating your own banking system using permanent life insurance.
* Using available savings and cash flow to build your own “bank.”
* Capitalizing and establishing your plan.
* Using the method to finance your automobile purchases and even to finance your home.
* Expanding your system to accommodate all income through a system of banks to increase your personal wealth.
* How a business can use the concept for equipment financing.

The possibilities are infinite!

Becoming Your Own Banker, the Infinite Banking Concept also reveals the truth behind the most important business in the world – banking. It provides you with foundational financial wisdom that will help you understand personal finance like never before.

The Synopsis below is from
Infinite Banking – How It works by Gary Vande Linde

The essence of the Infinite Banking Concept is how to recover the interest that you normally pay to a banking institution through the use of permanent life insurance, so that the policy owner makes what a banking institution does. Earnings grow within the policy tax deferred. You are both reducing your tax burden and capturing monies for yourself that a banking institution normally would receive. And by the way, you have a death benefit thrown in on the side!

Anytime you can cut your payment of interest to others and direct that same market rate of interest to an entity you own and control, which are subject to minimal taxation then you will have improved your wealth generating potential significantly.

The Infinite Banking Concept is not about investing, it is about financing, and financing is a process not a product. Financing involves both the creation of and maintenance of a pool of money and its use. However, when a financing system is combined with an investment system the combination of the two will always out perform an investment system. When the system combines reduced tax liability with a financing engine and allows complete control over your investments there appears to be no system capable of generating wealth with as much consistency or speed.

A primary concept or principal is that you finance everything. You either finance by: Paying interest to someone else – a bank, lender, etc. Or giving up interest you could have earned otherwise. (When you pay cash the interest the money could have earned is forfeited).For these reasons when we are discussing investment alternatives we must not only weigh the return we will receive but we must also evaluate what we are forfeiting or giving up. This mind set will become more important as we evaluate the “Infinite Banking Concept.” For all of the reasons mentioned above every person should be fully engaged in two businesses – Your occupation and Banking.

If you would like to find out how you can benefit from Infinite Banking, contact me using the tool to the right.

Have you ever really wanted to know how money works, how banks work, and how interest works? I know I have.

That wanting to know has never left me and so I first attracted into my life United First Financial® whose award winning, flagship product, the Money Merge Account® system has, in just three years helped Americans pay back over $355,000,000 of principal debt. And now, the next part of the complete financial picture has also come into my life, the Banker’s Table® B.O.S.S. Banker’s Optimal System of Security, which recognizes four pillars in a person’s financial life.

1. Debt Elimination – Debt is the silent killer of your future hopes and dreams.

2. Wealth Building – Rule #1 of wealth building is to never lose the principal value of your investment. Rule #2 is never violate rule #1.

3. Retirement Planning – Retirement income can and will be predictable with UFirst Alliance.

4. Legacy Planning – Those you love the most are the most cherished asset of all.

____________________________________________________________

There are always four players when it comes to banks functionality. First we must have a Saver, someone who wants to deposit some money into the bank. Next there is a Borrower, someone who wants to use the Savers money and is willing to pay for that use. Next we have to have the Banker who takes care of all the transactions and then of course the Bank Owner, the one who is making all the profits.

Well, how would you like to sit in the seat of all four players at the Banker’s Table yourself. How would you like to be the Saver, the Borrower, the Banker and your own bank owner?

By mimicking proven banking strategies for the express purpose of providing our individual families with ownership, control, security and freedom is a cherished safe harbor in these turbulent times.

We contend that the combination of the Money Merge Account system and the Bankers Table or Infinite Banking principles create the most prolific and stable wealth accumulation tool available.

“Suppose there was a financial instrument with a track record stretching back 1,400 years, that was so solid it could survive the Great Depression intact; that earned untaxed interest at a competitive rate; that could be borrowed against at will regardless of credit conditions; and that could be used by individuals as well as major corporations and banks as a safe harbor during economic turmoil?

You’d call it a financial banker for scary times, and you’d be talking about mutual whole insurance. This is not the life insurance that only pays when you die…..”

- John E. Girouard,  Forbes.com 2/19/09

Choose to participate in this revolutionary change of personal and business economics and join us at the Banker’s Table!

Also see article on Infinite Banking.

Reverse Mortgage Nightly News Report

If you would like more information or to find out if a Reverse Mortgage is right for you fill out the “How Can I Help You” form to the right –>

Fair Isaac and Vantage Score hold their credit scoring formulas as a close secret much like the formula for Coca-Cola or your grandma’s legendary double chocolate-chip cookies. This can be very frustrating for consumers when they see remarks on the credit report like “too many revolving debt accounts” and not knowing exactly that means.

Fortunately, Fair Isaac and Vantage Score have issued some public information about how they calculate credit scores. Let’s take a look at the various factors:

The five categories that determine your score, in order of importance, are:
35% Payment History
30% Amounts Owed
15% Length of Credit History
10% New Credit- (Average Age of Accounts)
10% Types of Credit (Mix Of Credit, Credit Cards, Installment Accts, Mortgage)

Payment History:
The top rated factor for both models is payment history. This is because lenders want to know a person’s payment history–past and present. This category can be broken down into three subcategories:
• Recency – This is the last time a payment was late. The more time that passes the better.
• Frequency – One late payment looks a heck of a lot better than a dozen.
• Severity – The “Hierarchy of madness” so to speak, rest on the logic that a payment 30 days late is not as serious as a payment 60 or 120-days late. Collections, tax liens and bankruptcies are credit score killers.

How much is owed:
The score looks at the total amount owed on all accounts as well as how much you owe on different types of accounts (mortgage, auto, etc). Using a higher percentage of the credit limits will worry lenders and hurt the credit score. People who max out their limits have a much greater risk of default.

Utilization:
When it comes to revolving debt-credit cards, the formula looks at the difference between the high limit and balances. For Example, let’s say your customer has a MasterCard with a credit limit of $10,000 and they have spent $2,000 of it. This is a 20% utilization ratio. The lower the ratio, the higher the credit score. So, if your client’s are looking for a quick credit score boost, have them pay down any accounts they can. Don’t expect this to be instantaneous as it can take up to 45 days for the credit bureaus to update reports.
One more important tidbit, CLOSED ACCOUNTS do not help and can hurt if there is a balance remaining. Therefore, tell clients not to close accounts.

Length of credit history / Depth of credit:
This is less important than the previous factors, but it still matters. It considers (1) the age of the oldest account and (2) the average age of all your accounts. It is possible to have a good score with a short history, but typically the longer the better. Young people, students, and others can still have high credit scores as long as the other factors are positive. If a person is new to credit then there is little they can do to improve a credit score. The only solution is to open an account and be patient.

New Credit / Recent Credit:
New credit is not always a bad thing. However, opening new accounts can hurt a credit score, particularly if a consumer applies for lots of credit in a short time and doesn’t have a long credit history. The score factors in the following:
• How many accounts the consumer applied for recently
• How many new accounts the consumer has opened
• How much time has passed since the consumer applied for credit
• How much time has passed since the consumer opened an account

The model looks for “rate shopping.” Shopping for a mortgage or an auto loan may cause multiple lenders to request your credit report many times each, even though a person is only looking for one loan. Auto dealers are notorious for running 3 to15 credit reports. This is called shot gunning the credit. Luckily, to compensate for this, the score counts multiple inquiries in any 14-day period as just one inquiry.

For most people, a credit inquiry will take less than five points off their score. However, inquiries can have a greater impact if you have few accounts or a short credit history. Large numbers of inquiries also mean greater risk. According to MyFico.com, people with six inquiries or more on their credit reports are eight times more likely to declare bankruptcy than people with no inquiries on their reports.

Types of credit you use / depth of credit:
Both models want to see a healthy mix of credit, but they are vague on what this means. They recommend you have a balance of both revolving debts like credit cards and installment loans like auto loans or a mortgage.

For more information or to request help getting YOU out of Credit Prison, visit www.CreditRestorePros.com