May 2009

Stop throwing your money away!

by Dr. Tomas McFie

Stop throwing your money away and find out what one in a million DCs will never know.

What I'm about to share with you makes so much sense you'll probably get mad that nobody ever mentioned it to you before.

Maybe Sam Walton said it best: "Capital isn't scarce… vision is."

Banks are holding onto more money now than at any time in the nation's history. According to the Federal Reserve: "Banks' excess reserves -- banks' base-money holdings minus required reserves -- rose from $1.9 billion to $798.2 billion from August 2008 to January 2009" ("Mises Daily," by Thorsten Polleit, posted on 4/2/2009 -- see chart).

John Q. Adams wrote in 1829 that, "All the perplexities, confusion and distress in America arise from downright ignorance of the nature of coin, credit and circulation."

Today, chiropractors are perplexed by the same state of affairs that John Adams wrote about back in 1829! That's because chiropractors have never been exposed to the truth about how banking really works. But you needn't be traumatized about this. The dis-ease of "money and banking" is an endemic dis-ease in the United States.

Besides, John Maynard Keynes once wrote: "There is no subtler or surer means of overturning the existing basis of society than to debase the currency. The process engages all the hidden forces of economic law on the side of destruction and does it in a manner which only one man in a million is able to diagnose."

So, if the most famous economist of our time said that "only one in a million" would be able to diagnose this dis-ease, don't throw a pity party about not picking up on it. But please do take a moment and sharpen up on your diagnostic skills so you'll stop throwing your money away!

Think about it like this. You consistently throw away 30-40% of every dollar you make (after taxes) because you finance everything you purchase. That's right! Either you throw your money away by paying interest to someone else for the use of their money or you throw away the interest you could've earned on the money you spend. A lose-lose proposition. Welcome to the banking equation!

Yet, it doesn't have to be that way. In the spring 2008 issue of the Western Orthopaedic Association News, David Mandell JD, MBA and Robert Wassel CPA, MBA wrote: "Under realistic assumptions, a $500,000 mutual fund portfolio may generate an annual tax liability of $10,000-$25,000. Similar investments within a cash value life insurance policy will generate NO income taxes -- because the growth of policy cash balances is not taxable. Also… every state protects the cash values from creditors" (woa-assn.org, Volume 10 Number 2, emphasis added)

What Mandell and Wassel don't mention in this WOA article, but has been proven time and again, is the method of using life insurance cash values as a personal "banking system." That's what we specialize in at Life Benefit$, Inc.

It really is time to get serious about your own money!

Consider...

If banks have more money in "excess reserves" than ever before --even in today's economy -- then, mightn't they know something about money that you need to know about, too?

If what you've been taught about money isn't true, when do you want to find out? Today or tomorrow?

If you'd been using your money like banks are using your money, you'd have "excessive reserves" right now as well. Does that make sense?

If you could recover just 20-25% of the money you're presently throwing away, how long would it take to enjoy that nest egg you've always wanted?

As chiropractors, we all understand that health comes from within. Well, the same is true about wealth. Real and lasting wealth is just like real and lasting health, they both come from within. And it all starts with the idea of you learning how to use your own money -- the same way banks are using your money right now!

(To learn more, contact Dr. Tomas or Michele McFie at 1-866-502-2777, team@life-benefits.com  or www.life-benefits.com . "I have been associated both professionally and personally with Dr. McFie and can tell you that he has the highest of standards in his character, morals, ethics, and actions. He is a Godly man that does his best to help others acquire success. When developing business or personal relationships, trust is the number one factor that must be considered. I do highly trust this fine man and I have no qualms in telling you that you can do the same." -- Dr. Todd Osborne, Ringgold, GA.)