Creating A Leasing Company

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Becoming your own banker really requires a shift in mind set. We’ve been programmed for so long with how things work that it takes awhile sometimes to reprogram ourselves to truly think like a banker would. The first time you hear about a 101 Plan, you’d probably start thinking about how you are going to use your Plan after capitalizing it.

For most people, that starts with paying off high interest credit cards or even car loans, but after diligently practicing the concept for some time you maybe begin to notice that the cash values in your policy will increase over time and at some point you may not have any more personal debt to finance, this is a wonderful feeling and perfect time to really start thinking like a banker would.

You see, in order to make money, banks and finance company must first have capital then they lend that capital to somebody else who needs it, for a fee. When the cash value in your policies begins to increase beyond your own needs, you can follow the lead of the finance companies by lending it out to others, for a fee.

For example, assume you were a dentist that wanted to purchase a new piece of equipment that cost $100,000, how would you pay for it? If you’re like most of the dentist who aren’t trained to think like a banker, you likely end up leasing that equipment. The leasing company would buy and own the equipment then lease it to you. Your monthly leased payments will be structured so you would end up paying back the original purchase price of the equipment plus some profits for the leasing company for letting you use their money to purchase that equipment. Depending on how the lease is structured, you would either own the equipment at the end of the lease period, or you could buy it at some agreed upon price. If you ever failed to make your lease payments, the leasing company could take back the equipment and lease it to another dentist.

With sufficient capital in your policy, you could actually start your own leasing company and began purchasing and leasing equipment to your own business or to other business owners. Remember, as the owner of your permanent life insurance policy, you have the contractual right to use your cash value for anything you want or whenever you want. This means you can buy equipment and lease it out to any business in any industry you want, whether it’s: x-ray machines for doctors, backhoes for builders, trucks for trucking companies, micro-loans to start up entrepreneur, like your children, or anything else. The key is to make sure that you personally are the owner of the policy, not the corporation who will be leasing the equipment from you, even if you are the sole owner of the corporation.

You will personally then purchase the equipment and lease it to the corporation ensuring to charge a high enough lease payment to cover the cost of the equipment. If you’re the owner of the corporation, who’s leasing the equipment, you can receive an interest deduction for the policy loans you took out to purchase the equipment. Since the loans are for a business purpose, plus you can depreciate the trucks over the reasonable time, if you structure the lease properly, you should definitely meet with the qualified professional to help you structure the lease agreements properly, develop any necessary amortization schedules, determine whether you should be adding more policies to help you establish separate entities, should that be necessary. Ultimately, with everything properly structured, you can make a very good living during retirement by just leasing out equipment to businesses.

By controlling the banking process, you’ll soon be in a position to stop supporting the employees and share holders of banks and finance companies through all the interest you’re paying to them and instead use that money to support you and your family, becoming your own banker will prove to be one of the wisest decisions of your life time. Contact a True Financial Age Advisor to learn more about this powerful concept.

5 Frequent Ways People Are Wasting Their Money

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5 Ways You Are Forced Into Wasting Your Money

Are you fed up with working your tail off and never seeming to have enough money? Are you sick and tired of looking at your checking account balance and wondering where the heck everything goes so fast each month?

Well if you can answer “yes” to either of those questions above, I first off want you to know that you are not alone…there are literally tens of millions of people in the exact same boat as you. You should also know that the reason you are experiencing these money pains is really not your fault!

Our economy is a carefully designed system that’s meant to keep you spending your money constantly, that’s the only way that it grows! Now I don’t want you to mis-understand me here and think that I’m opposed to our economic system. As a matter of fact, I love our country and firmly believe in the capitalism.

What I can’t stand are the traps that the government, banks and Wall Street put in place to abuse our system and force you into wasting your hard earned money. So in this article we are going to identify five common areas that this happens and how you can take back control of these right away.

Here’s the five biggest places people are tricked into wasting their money:

  1. INTEREST! The average American is paying up to 34% of their after tax income straight to someone else…and getting nothing out of it! People are walking around like the financial living dead because interest drains the life out of their finances.*
  2. Fees! Bank fees, atm fees, even 401k’s are loaded up to 17 different hidden fees that suck money right out of your pocket without you knowing it.
  3. The Market; whether its stocks, mutual funds, or 401k and qualified plans; there’s nothing worse than seeing your hard earned money disappear into thin air.
  4. Cars. People used to be house poor, now they are car poor! Getting into long term car loans that lock you in for 5, 6 even 7 years cause a huge waste of money when people go to trade in cars and have balances on them. These balances are often in the thousands and get rolled over car after car.
  5. Tax Refunds! Most people love to get those big checks in the mail…but why give Uncle Sam your money for 12-14 months without making a dime! A $4000 tax refund could equate to a $333 per month you could be paying off credit cards, or putting money away for savings!

So how do you solve these problems?

Fortunately there is a very little known, 200 year old financial tool that the uber wealthy use (and you can too!) to take care of all of these issues. This is quite literally the only financial instrument that allows you to:

  1. Avoid paying bank and investment account fees!
  2. Get a guaranteed rate of return on your money – outside of stocks, bonds, and mutual funds!
  3. Finance your own major purchases (like a car) and have it completely paid off before you need to make another purchase!
  4. Pay less taxes!

“Nelson Nash, Becoming Your Own Banker, 2008”

Here’s how you find out more about this incredible financial tool – click here

Banking Process

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Imagine for a minute that you own a bakery; would you ever sell a loaf of bread to a distributor for 20cents? And then later go buy that exact same loaf of bread at the store for a dollar, of course not. That would be absurd, but ironically you’re likely doing just that with your own money. You see, while you might be in the business of selling bread, you’re definitely in the business of making money. Everybody is, that’s right. Whether you’re an employee selling your time and expertise to the company you work for or whether you’re a business owner manufacturing and selling widgets or services, you’re ultimately in the money business and so is everybody else. In fact, there is only one pool of money in the entire world, yes, one! Regardless of the fact that is manage by any number of institutions like, banks, insurance companies, corporations and individuals living in various countries and using different currencies. In the end it’s all part of the same pool of money.

In a way, it’s like water. About 75% earth’s surface is covered by water. When the sun heats it up, it evaporates into the atmosphere causing wind currents. The current takes the water vapor around the earth and precipitates out in the form of rain, sleet and snow. Along the way, some of it must flow thru us all or else we die, but in the end it all ends up back in to the oceans, it’s just one big cycle. The same holds true with money.

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Banking For Businesses

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It is been said that we are living in one of the worst economic time since the great depression. Banks are no longer lending like they used to. Money is tight, loans and credit lines are harder to come by. Retirement plans are down by up to 50% or more, and the government is looking to increase the amount that businesses and business owners must pay in taxes. There is no doubt that it is getting harder and harder for business owner like you.

If you’ve recently tried to get a loan or a line of credit from a bank, you know exactly what I am talking about. Even though you may have more money in your retirement plan than you’re looking to borrow, you’ll still have to; file an application with the bank, tell them exactly what you are going to use the money for, provide them with financial statements and possible audited statements on an ongoing basis, prove to them that you have the ability to repay, show them your past 3 or more tax return, provide them with a business plan, let them check your credit, put up some sort of collateral and still provide them with a personal guarantee.

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