I often ask business people if they share my philosophy about preserving their capital and saving for retirement. Most people, business or otherwise would agree that it is important to preserve capital, especially those who are approaching retirement in the next few years!
Might I suggest you watch the 7 minute video, titled Your Cirle of Wealth on the right side of this page before you read any further?
Second, I want to point out the difference between saving and investment. Investments are funds we can afford to lose! Savings are funds that we depend on, either now or in the future, but are not funds that we can afford to lose! I mention this because in general, Americans have become enamored by the stock market over the past 50 years and as a result, have invested funds with the hope of considerable gains. What has also happened is that money managers have convinced us that there is no difference between saving and investing, much to their advantage! They get paid no matter what our investment does! Stocks, bonds, 401K, 403B, IRA, Mutual Funds, etc., are all subject to market risk. With markets as they are and with a desire to maintain our lifestyle in retirement, is that what we want to do with our savings? I think banking, a system that has been in existence since 2000 BC, is a safe alternative and one that I teach clients to make the most of!
It is true our money earns little interest in the bank, however, I am not suggesting that you simply put your money in a local banking institution or credit union. Think about it for a minute; the names on some of the biggest buildings across the country are banks, right? Why? Well, the Golden Rule comes to mind; those with the gold make the rules! Banks have us trained to deposit money, allowing them to use it in their sweep accounts, while paying us very little for the use but making a considerable profit from our deposits. We are also taught to go to the bank for a loan when we need money. Banks love us when we are the borrower about 9 times more than they love us a saver (another topic for another post!). But… What if you were the bank? What if you had a source for expenses throughout your life that could grow into a considerable TAX FREE supplemental retirement income and a legacy for your heirs?
When you borrow money from the bank, you pay your banking institution volumes of interest. When you withdraw funds from your savings to make a purchase, you lose interest on your savings. You become a victim of “lost opportunity costs”, a major wealth transfer we describe in our training.
It is analogous to the individual that withdraws money to purchase a new car. Once the money is out of his/her account, it no longer has the potential to grow and build wealth for them. Let’s say after a four year period, the individual has a depreciated asset and nothing more unless they faithfully put the money back into their savings account over that four years. Even still, the opportunity to grow wealth was limited by the pace at which the money was returned to savings, not to mention the interest they lost whiel the money was out of their account. What if you could use the money from your savings and continue to receive the full benefit of interest and dividends as if you had never taken the money out of your account?
The reality is this. For fifty or so years, money managers and our government have encouraged us to use investment vehicles that put our hard earned money at risk in the stock market. And, the only one that benefits by this strategy is the government (via the taxes we pay when we withdraw funds), the money managers and large corporations. If it is money that you can afford to lose, than good luck with the investment! But if it is retirement, long or short term savings, then consider that banking has been around and working well for thousands of years. The difference between banking with the banks and privatized banking is that we now teach you principals that the banks never wanted you to know!
So, what happens to your money? First, it is not invested and has little or no risk, since it is not in the market. It will be contractually guaranteed to grow and you will have penalty free and tax free access to the cash whenever you want it or need it. You can pay it back and use it again and again. There are no loan applications, no credit checks and no jumping through hoops to get the money. It is lawsuit and creditor proof and there is no government control. (Read the article printed in Forbes.com.) Banks use this same savings vehicle as one of their core assets. And, there is no fee for our services, ever!
If you would like some additional information, let us set up a no cost seminar for you to view over the internet. Simply use the contact form on the corporate web page to participate from the comfort of your home. I welcome the opportunity to speak to those who have an interest in privatized banking and wish you continued success in your endeavors.
There are many great published resources available for you to learn more. One such book is “A Path To Financial Peace of Mind” by Dwayne Burnell and can be purchased on the Internet. Feel free to peruse the FAQ’s or my personal web site as well at http://www.jdierking.com/ .
Jim Dierking
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