Up until I was a young adult I was clueless about money. Then one day my mother in law passed and I became responsible for taking a small estate, making sure my wife's brother, who had schizophrenia was seen after, and my own family was seen after.
I researched a lot of ideas and if anyone ever wants to look at some great information I found you can always hit me up via Private Message. I found out a lot of things and since then have distilled the information more and more down to an essence.
Anyone who thinks Shoulder Roll exxagerates? When you start to look at the patterns in our banking system, you can really see where they are working to control money. It becomes very obvious. Here are some principles I discovered: Use em, disagree with em...But look carefully and you may be in for a shock because the proof is there. This thread will be freewheeling when we start. It might become a case of providing proof for these claims...so be it. We shall see! Here are the principles.
1) When you buy a mortgage, the bank is compensated regardless of whether you pay the mortgage, or not. Not saying you should not pay your mortgage, but one should know why the banks claim they do not want property, yet steal houses despite the house being essentially 'salvage' if anything the property of the insurance company.
Also, If you want to make sure the bank does not steal your house during a bad time financially? KEEP YOUR MORTGAGE BALANCE AS HIGH AS POSSIBLE! Pull as much equity as you can! Banks do not want the hassle of selling a house that will be a handfull.
If you were a banker and you had two identical houses, one that the mortgage balance was almost paid in full, the other where the mortgage balance was hardly touched and the person owed most of the balance...which one would you grab to resell? Of course...the one that is almost paid up, the one belonging to the responsible person who paid down their mortgage...Because this house will be easier to sell at a discount and still get the bank's money back, plus s profit to boot. As a bank employee, you might even call a real estate syndicate that is made up of bank capital, to buy the house.
2) For average people the bank finances things that have no to relatively little value. The less value the better the financing opportunities.
First lets prove this: Take a television and trace production back through to the early days of tv, and to the 50's when televisions were well made, with tubes of glass, wood cabinetry, etc. Financing a set was done by layaway, i.e. you paid on the set until you paid enough to own it, or, if it was financed, it was done through the store, and was a big deal.
Back in those days a television had more real value. The craftsmanship, the materials, etc were higher quality. TV's were made to last indefinitely, hence were relatively expensive. Now Televisions are not made with the same quality. they are made with cheaper materials and will last maybe five years on average. All appliances follow this trajectory: The real value based on cost to manufacture, where manufactured, materials used in manufacturing was much greater for an appliance in the 50's as compared to the present. Now a days it is pretty easy to finance a purchase for most appliances. Appliances that are more expensive, built better are harder to finance.
The total cost of an appliance in the 50's was a greater proportion of one's income, and the materials were more valuable...Not saying that appliances have not improved, that is not the issue here, keep that in mind. It is the same with cars. Again, Its not that appliances and cars are not better today, rather it has to do with the cost associated with the product. The cost of materials, the cost to pay labor, etc.
A bank would rather finance something that can move (a car) loses value at the drop of a hat, is made to be maintained over its life...than something that they can always find the debtor, (a house) is made to last indefinitely, and will appreciate over time eventually. Why is this? To reposses a car is harder than to reposses a house one would think yes?
the people behind the banks know that because houses have real value, people who buy them may be able to rise up. Banks see that when immigrants come to this country, not brainwashed with the myths perpetuated by the banking industry, that these immigrants, often open a simple business helping each other with the expense, and manage to become very succesful. So Mexican immigrants get together and buy a storefront, open a basic restaurant, with no help from the bank...this restaurant does not worry about "saving money" it uses money to make the business succesful. Now this family is feeding itself, getting income from the restaurant, and soon can open another restaurant.
If you look carefully you will notice that things of real value, like businesses, real estate, etc are not easy to finance. You can even see when we transform a vehicle, for example, into a moving domicile what happens!! Try financing an expensive car, and you might well have success with relatively average credit, even low credit...Now take a motor coach and try the same financing! Much harder. Why? Motor coaches have real value because when you put them on land, they become a way to increase the value of the land.
3) The idea of "Savings" is brainwashing... Try to burn the following into your brain: Savings=Giving the bank your money.
When you give any money to a bank they loan it out for a profit, you get a very small % of that money back as interest, not even enough to keep up with inflation. Even a good rate of return at about 7% and above is less than the bank makes on that money.
The rich do not save money, neither should you. Money should be used to generate more assets of value, cash for living, or be in one of three categories: SECURITIES meaning stocks, metals, bonds, cash, whole life insurance contracts etc
BUSINESSES meaning any business venture that is generating capital for you.
REAL ESTATE.
These three categories when working together allows one to take cash, which has very little real value, but which we need, and to use it to generate more value. Ultimately what I learned to do was to take the cash coming in and use it towards a Trust that held businesses, then take the write off from the IRS (mortgage expenses, costs associated with improvements on property) and put the money into either securities or whole life insurance contracts that will allow me to defer the taxes on income indefinitely.
When you save you even get taxed on the little bit you do generate as a profit. The banks use Arbitrage. This is the process of borrowing money for one interest rate and lending it out at another. So when you get that 3 percent on your savings, the bank lends that out at rated of anything from 6 percent on through 12% and up. Why not use your own money for a return? If you have money to save, lend it out at a decent rate, or put it on a tax deferred account and get a return on it. You can get a guaranteed return of up to 7% in some life insurance contracts...all tax deferred. Anything under 7% you get paid the difference, anything over, you split at a percent.
There is no such thing as "Savings." Get a checking account and learn how to put your money in a trust, and to good use.
4) What is the reality regarding what costs us? and what protects us?
lets talk about what kills us: See those swings in the stock market? If you are in the market you could easily learn to work with those and make money with a few simple strategies. You could just leave it alone, if you are in long term especially, its not a big deal. These alarm people when the real wealth killers go to work.
Inflation and the IRS will kill you. Quite literally. If you owe a debt to the IRS traditionally they have no compunction about sending marshalls over to shoot you. But alas...that is something to just be aware of. Most people lose money by not making their assets as untouchable to the IRS as possible. You need to always have an accountant, tax preparer who really knows what he is doing.
Again when we talk conspiracies? Try getting a loan when you have protected your assets properly, and work for 1099 income and not a salary. The Banks will not touch you. In other words, they try to get you either way: Tax you incredible amounts of money, or if you are wise, they deny you leverage with your cash... Is this deliberate?
Inflation is the other killer. If you do not use your money to create assets that are inflation proof, you will never be able to save enough money. Asking people to save 25% of a paycheck for the future, when a paycheck does not even cover all...and then on top of it, the inflation that will make that savings worth so much less....this should clue you in on the nonsense they are feeding you! Instead take that cash and use REal Estate, or a business, to generate assets.
For example, of I save 100 bucks and hope that in thirty years it will be there for me, even if it is worth 1000 bucks, what is it worth when we consider taxes? inflation? versus if I have a property that I charge market rent to a tenant? With upkeep, that is an expense, but i get tax breaks, the IRS pays me, and when inflation goes up, so does the cost of the rent, so I offset the two biggest threats to a profit, the IRS and Inflation. Ditto for any business that can keep pace with inflation.
So we now know that we cannot save, we know there are ways we can get the IRS to pay us, instead of take from us...we know the banks will punish us for this, but we also know we can create our own cash pools by putting profits in a cash life insurance policy, or some similar vehicle that is tax deferred and allows me to borrow money against myself, and even pay it back to my account so it exists for my kids, their kids, etc. What else can you do?
People often create LLC's and other such structures and they are useful. But these structures are, as they say, "Limited." The real structure that the rich use are Trusts. Trusts take your assets out of your name. You can use them as you see fit, but your liability is protected to a much greater degree than a "pass through" stucture like an LLC.
And that is truly the secret that I learned and researched...That the rich own nothing, pretty much do the opposite of what most of us are told...and the usual excuse is "well they have the money to do those things." You can start a decent trust with a lawyer for under a thousand bucks. Cash life insurance is debatable. I understand that. Again, many people swear they are a swindle. I do not think so. Annuities can also be used... You do have to find a decent product in either case.
Conclusion:
I am sharing this because It is what I found when I looked at things...I was desperate. I had no understanding which protected me from the usual nonsense. I hope this helps people and generates some discussion.
In the final analysis the financial people do not want you to succeed. All the institutions that we have to use are rigged in their favor. For example, If my property has a certain value, and the banks have been paid out for it, why should it matter what other factors are to be considered? Who should care what my other assets are?
By asking about these assets they make it so a rich person can get a great return, equity out of his property, because he has more money in the bank. Banks are taught to lend money based on the principle that if one needs it, they should be denied, any bank officer will tell you that, it is what they told me! I could also give numerous examples, like the fact a bank will not consider your income numbers using a new loan they are presenting, but your old rate...even though you would be paying the new rate...and deny you based on this rate. Why not? they all work together and if you lose the house, they will get it anyway.
And think about the fact that many foreign born individuals are succesful because they also do not know enough about "savings" lol. They know what makes sense though...when no one will hire you for a decent job, if you can, you open a business and work hard.
peace
I researched a lot of ideas and if anyone ever wants to look at some great information I found you can always hit me up via Private Message. I found out a lot of things and since then have distilled the information more and more down to an essence.
Anyone who thinks Shoulder Roll exxagerates? When you start to look at the patterns in our banking system, you can really see where they are working to control money. It becomes very obvious. Here are some principles I discovered: Use em, disagree with em...But look carefully and you may be in for a shock because the proof is there. This thread will be freewheeling when we start. It might become a case of providing proof for these claims...so be it. We shall see! Here are the principles.
1) When you buy a mortgage, the bank is compensated regardless of whether you pay the mortgage, or not. Not saying you should not pay your mortgage, but one should know why the banks claim they do not want property, yet steal houses despite the house being essentially 'salvage' if anything the property of the insurance company.
Also, If you want to make sure the bank does not steal your house during a bad time financially? KEEP YOUR MORTGAGE BALANCE AS HIGH AS POSSIBLE! Pull as much equity as you can! Banks do not want the hassle of selling a house that will be a handfull.
If you were a banker and you had two identical houses, one that the mortgage balance was almost paid in full, the other where the mortgage balance was hardly touched and the person owed most of the balance...which one would you grab to resell? Of course...the one that is almost paid up, the one belonging to the responsible person who paid down their mortgage...Because this house will be easier to sell at a discount and still get the bank's money back, plus s profit to boot. As a bank employee, you might even call a real estate syndicate that is made up of bank capital, to buy the house.
2) For average people the bank finances things that have no to relatively little value. The less value the better the financing opportunities.
First lets prove this: Take a television and trace production back through to the early days of tv, and to the 50's when televisions were well made, with tubes of glass, wood cabinetry, etc. Financing a set was done by layaway, i.e. you paid on the set until you paid enough to own it, or, if it was financed, it was done through the store, and was a big deal.
Back in those days a television had more real value. The craftsmanship, the materials, etc were higher quality. TV's were made to last indefinitely, hence were relatively expensive. Now Televisions are not made with the same quality. they are made with cheaper materials and will last maybe five years on average. All appliances follow this trajectory: The real value based on cost to manufacture, where manufactured, materials used in manufacturing was much greater for an appliance in the 50's as compared to the present. Now a days it is pretty easy to finance a purchase for most appliances. Appliances that are more expensive, built better are harder to finance.
The total cost of an appliance in the 50's was a greater proportion of one's income, and the materials were more valuable...Not saying that appliances have not improved, that is not the issue here, keep that in mind. It is the same with cars. Again, Its not that appliances and cars are not better today, rather it has to do with the cost associated with the product. The cost of materials, the cost to pay labor, etc.
A bank would rather finance something that can move (a car) loses value at the drop of a hat, is made to be maintained over its life...than something that they can always find the debtor, (a house) is made to last indefinitely, and will appreciate over time eventually. Why is this? To reposses a car is harder than to reposses a house one would think yes?
the people behind the banks know that because houses have real value, people who buy them may be able to rise up. Banks see that when immigrants come to this country, not brainwashed with the myths perpetuated by the banking industry, that these immigrants, often open a simple business helping each other with the expense, and manage to become very succesful. So Mexican immigrants get together and buy a storefront, open a basic restaurant, with no help from the bank...this restaurant does not worry about "saving money" it uses money to make the business succesful. Now this family is feeding itself, getting income from the restaurant, and soon can open another restaurant.
If you look carefully you will notice that things of real value, like businesses, real estate, etc are not easy to finance. You can even see when we transform a vehicle, for example, into a moving domicile what happens!! Try financing an expensive car, and you might well have success with relatively average credit, even low credit...Now take a motor coach and try the same financing! Much harder. Why? Motor coaches have real value because when you put them on land, they become a way to increase the value of the land.
3) The idea of "Savings" is brainwashing... Try to burn the following into your brain: Savings=Giving the bank your money.
When you give any money to a bank they loan it out for a profit, you get a very small % of that money back as interest, not even enough to keep up with inflation. Even a good rate of return at about 7% and above is less than the bank makes on that money.
The rich do not save money, neither should you. Money should be used to generate more assets of value, cash for living, or be in one of three categories: SECURITIES meaning stocks, metals, bonds, cash, whole life insurance contracts etc
BUSINESSES meaning any business venture that is generating capital for you.
REAL ESTATE.
These three categories when working together allows one to take cash, which has very little real value, but which we need, and to use it to generate more value. Ultimately what I learned to do was to take the cash coming in and use it towards a Trust that held businesses, then take the write off from the IRS (mortgage expenses, costs associated with improvements on property) and put the money into either securities or whole life insurance contracts that will allow me to defer the taxes on income indefinitely.
When you save you even get taxed on the little bit you do generate as a profit. The banks use Arbitrage. This is the process of borrowing money for one interest rate and lending it out at another. So when you get that 3 percent on your savings, the bank lends that out at rated of anything from 6 percent on through 12% and up. Why not use your own money for a return? If you have money to save, lend it out at a decent rate, or put it on a tax deferred account and get a return on it. You can get a guaranteed return of up to 7% in some life insurance contracts...all tax deferred. Anything under 7% you get paid the difference, anything over, you split at a percent.
There is no such thing as "Savings." Get a checking account and learn how to put your money in a trust, and to good use.
4) What is the reality regarding what costs us? and what protects us?
lets talk about what kills us: See those swings in the stock market? If you are in the market you could easily learn to work with those and make money with a few simple strategies. You could just leave it alone, if you are in long term especially, its not a big deal. These alarm people when the real wealth killers go to work.
Inflation and the IRS will kill you. Quite literally. If you owe a debt to the IRS traditionally they have no compunction about sending marshalls over to shoot you. But alas...that is something to just be aware of. Most people lose money by not making their assets as untouchable to the IRS as possible. You need to always have an accountant, tax preparer who really knows what he is doing.
Again when we talk conspiracies? Try getting a loan when you have protected your assets properly, and work for 1099 income and not a salary. The Banks will not touch you. In other words, they try to get you either way: Tax you incredible amounts of money, or if you are wise, they deny you leverage with your cash... Is this deliberate?
Inflation is the other killer. If you do not use your money to create assets that are inflation proof, you will never be able to save enough money. Asking people to save 25% of a paycheck for the future, when a paycheck does not even cover all...and then on top of it, the inflation that will make that savings worth so much less....this should clue you in on the nonsense they are feeding you! Instead take that cash and use REal Estate, or a business, to generate assets.
For example, of I save 100 bucks and hope that in thirty years it will be there for me, even if it is worth 1000 bucks, what is it worth when we consider taxes? inflation? versus if I have a property that I charge market rent to a tenant? With upkeep, that is an expense, but i get tax breaks, the IRS pays me, and when inflation goes up, so does the cost of the rent, so I offset the two biggest threats to a profit, the IRS and Inflation. Ditto for any business that can keep pace with inflation.
So we now know that we cannot save, we know there are ways we can get the IRS to pay us, instead of take from us...we know the banks will punish us for this, but we also know we can create our own cash pools by putting profits in a cash life insurance policy, or some similar vehicle that is tax deferred and allows me to borrow money against myself, and even pay it back to my account so it exists for my kids, their kids, etc. What else can you do?
People often create LLC's and other such structures and they are useful. But these structures are, as they say, "Limited." The real structure that the rich use are Trusts. Trusts take your assets out of your name. You can use them as you see fit, but your liability is protected to a much greater degree than a "pass through" stucture like an LLC.
And that is truly the secret that I learned and researched...That the rich own nothing, pretty much do the opposite of what most of us are told...and the usual excuse is "well they have the money to do those things." You can start a decent trust with a lawyer for under a thousand bucks. Cash life insurance is debatable. I understand that. Again, many people swear they are a swindle. I do not think so. Annuities can also be used... You do have to find a decent product in either case.
Conclusion:
I am sharing this because It is what I found when I looked at things...I was desperate. I had no understanding which protected me from the usual nonsense. I hope this helps people and generates some discussion.
In the final analysis the financial people do not want you to succeed. All the institutions that we have to use are rigged in their favor. For example, If my property has a certain value, and the banks have been paid out for it, why should it matter what other factors are to be considered? Who should care what my other assets are?
By asking about these assets they make it so a rich person can get a great return, equity out of his property, because he has more money in the bank. Banks are taught to lend money based on the principle that if one needs it, they should be denied, any bank officer will tell you that, it is what they told me! I could also give numerous examples, like the fact a bank will not consider your income numbers using a new loan they are presenting, but your old rate...even though you would be paying the new rate...and deny you based on this rate. Why not? they all work together and if you lose the house, they will get it anyway.
And think about the fact that many foreign born individuals are succesful because they also do not know enough about "savings" lol. They know what makes sense though...when no one will hire you for a decent job, if you can, you open a business and work hard.
peace
Comment