Conspiracy of the Rich – Robert Kiyosaki


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Kiyosaki is right, dollars have no intrinsic value.

If you are going to try to accumulate dollars, you are wasting your time as dollars have no value other than that which we and other people place on those’ little green pieces of paper with pictures of dead presidents on them’.

Banking is not about accumulating, it is about utilizing money (however one defines money) to create wealth.

Wealth is NOT money!  Gold is a commodity, just like sugar, corn, chocolate, or Twinkies.   Commodities to be valuable must be traded for something both exchangers find of value.

Banking is about the efficient movement of money (however one defines it) from one place to another, in the most timely and efficient manner possible.

The banking process is a part of everything we do and every exchange we make.  You can buy gold and sit on it (accumulate it), but eventually you will have to convert it to something you want more than you want the gold.

Be careful with ‘accumulating’ as accumulating can rapidly turn to dead or lifeless assets which then become toxic and become liabilities.  That process is the exchange process, which banking facilitates.

Asking whether someone should buy silver or not is like asking if they should by sugar, or gasoline.  If they want the sugar or gasoline, or gold, then the answer is yes.  If you think it is an investment, then think again.  Gold only goes up when the purchasing power of the dollar goes down.  As an investment, it is a lousy investment… as a hedge against inflation, it is as good as buying the new forever postage stamp, sugar or Twinkies. Jim K.

I am not licensed to give any advice on investing to any one for any reason.
I am life insurance licensed but do not need a license to discuss banking and why becoming your own banker is a great advantage.  The statements above are not my words but they helped me understand money further.
The big question here is – Do you want your money in someone else’s bank, where they are profiting from your money, or, do you want your money in your own banking system where you can mimic the strategies banks use to profit from your money, only you are now able to profit from your money?
Banks understand money and you should too.

What’s the point in earning money if you don’t spend the necessary time learning how to best look after it. And where do you go to learn anything? Did school or college teach you all about banking? Who are the experts? The financial institutions themselves??? The TV Guru’s???

It is the flow of, or the movement of your money that can create wealth for you.

The two richest banks in this country move more than a trillion dollars of money every day. It just moves around on paper. There is nothing to back it up. But without banking, business would not be able to function. Banking has been around for over 5000 years. It is here to stay. But there is no rule that says you cannot put your money into your own banking system rather than someone elses’ so you have the leverage, you have the liquidity, you have the control, you have the safety, and you earn the profits from moving your money.

In fact, IRS code 7702 is the reason you can legally and ethically own your own banking system. Become Your Own Banker today. At least begin to research a different way than what you have been taught to believe is the only way.

See my offer now and begin your investigation NOW.


Cash Flow – The Pulse of Your Business

Unfortunately, many small business owners do not fully understand their cash flow statement. This is shocking, given that all businesses essentially run on cash, and cash flow is the lifeblood of your business. Some business experts even say that a healthy cash flow is more important than your business’s ability to deliver its goods and services! That’s hard to swallow, but consider this: if you fail to satisfy a customer and lose that customer’s business, you can always work harder to please the next customer. But if you fail to have enough cash to pay your suppliers, creditors, or employees, you’re out of business!

What Is Cash Flow?

Cash flow, simply defined, is the movement of money in and out of your business; these movements are called inflow and outflow. Inflows for your business primarily come from the sale of goods or services to your customers. The inflow only occurs when you make a cash sale or collect on receivables, however. Remember, it is the cash that counts! Other examples of cash inflows are borrowed funds, income derived from sales of assets, and investment income from interest. Outflows for your business are generally the result of paying expenses. Examples of cash outflows include paying employee wages, purchasing inventory or raw materials, purchasing fixed assets, operating costs, paying back loans, and paying taxes.

Note: An accountant is the best person to help you learn how your cash flow statement works.

Cash Flow Versus Profit

Profit and cash flow are two entirely different concepts, each with entirely different results. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Profit is a useful figure for calculating your taxes and reporting to the IRS. Cash flow, on the other hand, is a more dynamic tool focusing on the day-to-day operations of a business owner. It is concerned with the movement of money in and out of a business. But more important, it is concerned with the times at which the movement of the money takes place. Theoretically, even profitable companies can go bankrupt. It would take a lot of negligence and total disregard for cash flow, but it is possible. Consider how the difference between profit and cash flow relate to your business.

Example: If your retail business bought a $1,000 item and turned around to sell it for $2,000, then you have made a $1,000 profit. But what if the buyer of the item is slow to pay his or her bill, and six months pass before you collect on the account? Your retail business may still show a profit, but what about the bills it has to pay during that six-month period? You may not have the cash to pay the bills despite the profits you earned on the sale. Furthermore, this cash flow gap may cause you to miss other profit opportunities, damage your credit rating, and force you to take out loans and create debt. If this mistake is repeated enough times, you may go bankrupt.

Analyzing Your Cash Flow

The sooner you learn how to manage your cash flow, the better your chances for survival. Furthermore, you will be able to protect your company’s short-term reputation as well as position it for long-term success. The first step toward taking control of your company’s cash flow is to analyze the components that affect the timing of your cash inflows and outflows. A thorough analysis of these components will reveal problem areas that lead to cash flow gaps in your business. Narrowing, or even closing, these gaps is the key to cash flow management. Some of the more important components to examine are:

  • Accounts receivable. Accounts receivable represent sales that have not yet been collected in the form of cash. An accounts receivable is created when you sell something to a customer in return for his or her promise to pay at a later date. The longer it takes for your customers to pay on their accounts, the more negative the effect on your cash flow.
  • Credit terms. Credit terms are the time limits you set for your customers’ promise to pay for their purchases. Credit terms affect the timing of your cash inflows. A simple way to improve cash flow is to get customers to pay their bills more quickly.
  • Credit policy. A credit policy is the blueprint you use when deciding to extend credit to a customer. The correct credit policy – neither too strict nor too generous – is crucial for a healthy cash flow.
  • Inventory. Inventory describes the extra merchandise or supplies your business keeps on hand to meet the demands of customers. An excessive amount of inventory hurts your cash flow by using up money that could be used for other cash outflows. Too many business owners buy inventory based on hopes and dreams instead of what they can realistically sell. Keep your inventory as low as possible.
  • Accounts payable and cash flow. Accounts payable are amounts you owe to your suppliers that are payable some time in the near future – “near” meaning 30 to 90 days. Without payables and trade credit, you’d have to pay for all goods and services at the time you purchase them. For optimum cash flow management, examine your payables schedule.

Some cash flow gaps are created intentionally. For example, a business may purchase extra inventory to take advantage of quantity discounts, accelerate cash outflows to take advantage of significant trade discounts, or spend extra cash to expand its line of business. For other businesses, cash flow gaps are unavoidable. Take, for example, a company that experiences seasonal fluctuations in its line of business.

This business may normally have cash flow gaps during its slow season and then later fill the gaps with cash surpluses from the peak part of its season. Cash flow gaps are often filled by external financing sources. Revolving lines of credit, bank loans, and trade credit are just a few of the external financing options available that you may want to discuss with us.

Monitoring and managing your cash flow is important for the vitality of your business. The first signs of financial woe appear in your cash flow statement, giving you time to recognize a forthcoming problem and plan a strategy to deal with it.

Furthermore, with periodic cash flow analysis, you can head off those unpleasant financial glitches by recognizing which aspects of your business have the potential to cause cash flow gaps.

Thanks to Precise Tax & Accounting, LLC for this article on Cash Flow – The Pulse of Your Business.

August 7, 2010 · Jennifer · No Comments
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