Monthly Archives: June 2010

How Banks Make $ (part 3)

In part 3 of How Banks Make $, an interesting thing happened in the late 1980s when a financial planner saw an opportunity for thousands of Americans to make a 75% rate of return using their life insurance policies. Tune in to discover how you can structure a similar scenario.

Click here to view the video.

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How Banks Make $ (part 2)

In this video the plot thickens. Once you understand what happened in the 1980s, move on to the 1990s and watch how even bank presidents were unaware of how money was made, even when interest rates drop.

Its common for us to think that when interest rates drop, banks and insurance companies make less money and vica versa. The videos shows you how the rate of return is not a function of lower or higher rates.

Remember, what you learn in these videos can be replicated in your own system.

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How Banks Make $ (part 1)

In this video, you’ll learn the fundamentals of bank lending and how they generate double and triple digit returns on their money.

Pay attention to the details here and down load your worksheet. When you understand how they make money, you will realize that you can replicate their system and do the same thing.

You don’t have to buy anything to implement the system, but there are certain steps and vehicles that are better than others.

Click here for theĀ How Banks Make $ worksheet.

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Money Works Intro Video

I have recently finished cutting a short video (9 min. 54 sec) on the Money Works coaching program.

If you want to learn how to create double digit returns with very little risk (no investing), watch the next 3 videos.

Our current financial approach to money, retirement, college funding, and budgeting is broken. This video will give you some ideas on how you can take control of your finances one step at a time.

In the 2nd video you’ll see how banks generate amazing returns. This is important, because you can copy them with your finances.

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Econ Update: June 8, 2010

My last two economic posts have tried to maintain a positive bend on the economy. The tenor of this update cannot uphold that view.

A recent Bloomberg story indicates US debt will overtake GDP by 2012, which exacerbates the fear of a double dip recession that many economist fear is just around the corner.

Although many European leaders are committed to keeping the Euro alive, many leading economic thinkers don’t believe the Euro will last out the decade.

Posted in Government, Mortgages | Tagged , , | 2 Comments

Six Money Mistakes of Newlyweds

Six Money Mistakes of Newlyweds

By Erin Burt
Kiplinger.com

Whether you’re planning a walk down the aisle soon or you’ve already gotten hitched, watch out for these financial pitfalls that can strain even the strongest marriage.

Four words no one wants to hear soon after his or her wedding day: “We made a mistake.”

I’m talking about financial choices – not your choice of spouse. Unfortunately, many newlyweds set themselves up for failure soon after they say “I do.” If you bring bad money habits to the marriage or fail to come up with a plan to merge your financial lives, you could potentially doom your relationship to money trouble – and endless arguments. Not exactly “happily ever after.”

Posted in Family, Marriage, Newlyweds | Tagged | 2 Comments

The TIP Foundation

“The Family is the Center of Success!”

tipfoundation.org

Given the direction of my business over the past 5+ years, it seems only natural that we’ve organized a non-profit business to take our message to a broader audience promoting effective communication skills specifically designed to strengthen the family. Click here for a link on a feature story in the Kitsap Sun about the TIP Foundation written by Scott Turner and Rodika Tollefson.

Here is a brief summary of the newly formed TIP Foundation.

Vision:

The family is the center of success. By allocating resources to the root cause, instead of symptoms, we can have a greater impact upon society as a whole. Strong families transfer their success generationally. TIP wants to provide parents, grandparents, aunts, uncles, and children the necessary tools to be happy and free from the consequences of a broken family.

How:

Making parents aware that there is a drug and alcohol problem is a feel-good action that has minimal actual results. Knowing there is a problem doesn’t translate into a solution or strengthen the community in a measureable way.

TIP (Trust in Parenting) will focus on results-oriented solutions that are backed by studies and actual experiences.

  • Coaching on parenting skills that have an immediate impact.
  • Effective communication skills that are applicable at home, work and play.
  • Classes on exercise, diet, and their impact on behavior in the family.
  • Workshop and internet courses on parenting, effective communication, drugs and alcohol prevention, internet safety, bully prevention etc.
  • We provide results-oriented family therapy if necessary.

TIP wants to work in harmony with organizations like the Boys & Girls Club, the YMCA, and the School District. These organizations provide a physical location that supports the family. TIP provides the intangible solutions (infrastructure) that are needed within the family unit.

Why the family?

The greatest probability of success to help young children and teenagers is the family. An interested mother and/or father will go much further than a teacher, mentor, friend, or peer.

We currently offer forums, classes, and workshops to the community at no cost. Our intent is to secure funding to expand our ability to reach more families who want the help and offer more in-depth training.

Complimentary venues only provide the needed knowledge of what to do. They rarely provide the needed skills to accomplish what the parents now know should be done.

Funding:

Money will be raised through fund-raisers, community events, business sponsorship, and donations.

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