BUSINESSES
- Apply a banking model to your business.
- Eliminate outside business debt in 9 years or less
- Recover part or all of monies spent on targeted expenses and debts while still recording them as an expense to the business.
- Recover the lost opportunity costs associated with these expenses.
- Use the banking model to become your own financing source for future expenditures.
- Get money out of the business on a tax-favored basis to help supplement retirement.
- Make major purchases with pre-tax money vs. after-tax money.
Everyone should be in two businesses:
1) The business that creates your REVENUE.
2) The business that FINANCES your business.
EXAMPLES:
General Motors/GMAC
Ford/Ford Motor Credit
Builder/Mortgage Company
Retail Purchases/Credit Card Company
Expense Recovery
Which expense caused the most pain?
What would it mean to you if you could recover any expense you want?
(There really are only 4 choices.)
- Keep Doing What You’re Doing: Pay creditors directly and you’ll remain in debt indefinitely because you can’t quantify the total interest paid over time. You are LOST WITHOUT A COMPASS and you don’t understand your true debt!
- Engage a Financial Advisor: Focuses on growth of assets, NOT Elimination of Debt. Ties up and places your money at risk, recommends a compromised lifestyle, and is paid whether you win or lose. This option exposes your money to Taxes, Risk, Penalties and an uncertain future.
- Follow Advice of Dave Ramsey/Suze Orman: Sacrifice for years to pay off debt, THEN sacrifice to save for a Taxable, At-Risk Retirement. Compromise your lifestyle with NO Cash Flow while creating Opportunity Cost.
- Your Family Bank®: Debt Elimination MUST precede Asset Growth. Based on GUARANTEES and a Structured Process, you leverage your money to eliminate debt and improve cash flow WHILE saving for retirement. You build Your OWN Family Bank Without Compromising Lifestyle.
Which is YOUR Choice??
