When You Get Paid, Where Do You Put ALL Your Money?

Page 85, point 3, of Best Selling Author Nelson Nash’s book, Becoming Your Own Banker, asks you to consider this point – When you get paid for your work, you put ALL of it into “someone else’s bank” and then write checks from the account to buy the things of life. SO, “someone else’s bank” gets all of your money.

If you owned a private reserve system, wouldn’t you want to run ALL your business through it? If this is so, the life insurance premiums paid each year should ultimately equal your annual income.

When you deposit your money into a corner bank you are actually lending them your money so they can use it to lend back to you or to others at a much higher profit margin than what the actual interest rates advertised on these bank windows below portray.

The rates tell the average person, who has been taught to focus on rates alone, that the bank appears to not be earning a high profit margin, but nothing could be further from the truth.

Please click and read the linked article Long Term Savings below.

Arbitrage - Secret Bank Strategies

Why would you not want to own your own private reserve system?

Look again at the bank photo above. It is an excellent example of why you do not want to tie up your long term savings and retirement money so you are then forced to borrow your own money from the same financial system at a rate much higher than what you are earning. All while you have few to no guarantees you will even have your principal returned to you when you need it most. With added penalties and restrictions as well.

Because your financing needs are much greater and will produce a much greater profit for you, over your lifetime, than investing and savings combined, just looking at rates of return does not provide a true or real synopsis of reality in the financial world.

Also, just looking at the illustrations of the insurance companies is not as important as understanding all the banking strategy nuances that can be utilized to create wealth with your own private banking system.

You actually finance everything you buy. You either pay interest to someone else or you give up interest you could have earned elsewhere. There are no exceptions.

It really does matter who owns your debt.  – If it is not YOU, you are unknowingly and unnecessarily losing wealth.

It really does matter who is in control of your money.  – If it is not YOU, you are unknowingly and unnecessarily losing wealth.

It really does matter who is educating you about what to do with your money. – Have your financial adviser take this test and compare their financial suggestions with ours and see which way you want to go.

If you don’t have a financial adviser, maybe the banks and television ads have been educating you about how to bank with your money.

If that is the case, whose best interest do they have at heart?

Have you ever added up how much money you have deposited into someone else’s bank thus far over your lifetime? As an example, if you work from age 25 to age 65, that is 40 years. If your take home income is say $100,000 a year, that equals FOUR MILLION DOLLARS of your money, you have NOT deposited into YOUR banking system. HELLO PEOPLE!!!

What if your take home is a measly $25,000 a year. That is still $1,000,000 over 40 years. And you thought you weren’t a millionaire.

But the question is, where is all that money?

Where do you park your money?

Which financial vehicle have you chosen to flow your money through?

Debt creates wealth. That’s how banks earn their wealth. The question is WHOSE bank are you giving YOUR money to?

Understand the JOY of being in debt…….

to yourself,

as the owner of your own private reserve system


May 19, 2011 · Jennifer · No Comments
Tags: , , , , , , , ,  · Posted in: FINANCIAL EDUCATION 101, wHERE dO yOU pUT all yOUR mONEY

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