Financial Points to Ponder, by R. Nelson Nash.

1. There are only two sources of income — people at work and money at work.

2. If you knew, at passive income time, that you would be getting back every thing that you paid into a system…tax free…would you object to putting more money in it?

3. 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 banking system, wouldn’t you want to run all of your business through your bank?

4. When government creates a problem (onerous taxation) and then turns around and grants you an exception to the problem they created (any tax-qualified plan) aren’t you just a little bit suspicious that you are being manipulated?

5. Tax-qualified retirement plans were all created under the guise of giving you a break. First, there were pension plans for corporate employees, then came HR-10 plans for partners and sole proprietors, and finally, IRA’s for individuals. Now everyone had an exception to the IRS Code. If the government really wanted to give you a break — all they had to do is cut out the taxes! Do you really think they want to do that?

6. Wealth has got to reside somewhere. Where would you prefer to have it reside? Real Estate? The Stock Market? Or, free contract with other free persons (Life Insurance)?

7. You 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.

8. Your need for finance, during your lifetime, exceeds your need for life insurance protection. If you solve for your need for finance through life insurance cash values, you will end up with so much life insurance, you can’t get it past the underwriters. You will have to insure every person in which you have an insurable interest.

February 13, 2012 · Jennifer · No Comments
Tags: , , , , , ,  · Posted in: Financial Points to Ponder, NELSON NASH

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