Please click on the picture below for the Corner Bank loan details.
We will be comparing the numbers between taking a corner bank loan with taking the exact same loan from Mr. Client’s own private banking system.
The details of the loan are
a $14,500 loan over 48 months @ 3.5%.
The monthly payment will be $324.16 and we will be adding $10.08c annually just so we can round the numbers up to $3,900 of annual payments.
The point of this exercise is to show how the interest the insurance company charges is irrelevant and nothing to concern yourself about. More »
Multi Task Your Money by Understanding Core Banking Principals
and Tier One Assets
It seems to me that what we are constantly being taught to do with our money is exactly what is best for the financial institutions. They have their profits in the forefront of their advice to their customers. You and only you have your own best interest at heart and so it is imperative for you to make the effort to understand banking principals and concepts so you can do what the banks do, not what they tell you to do. We seem to be constantly advised to put our money here and put our money there which is dividing up our money and having it perform one action/advantage at a time. We are taught to UNI-TASK our money and are sold multiple products to service this theory instead of solutions.
Look at the following financial vehicles with two questions in your mind — Who has the most use and control of my money and how liquid is my money to me in this vehicle?
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