Do you realize we finance every single purchase we make? We either go to a bank or finance company and pay up interest, or we pay cash and we give up interest.
Cash flow is the lifeblood of any business, and having access to cash is kind of like the lungs.
Are you stuck on the debt cycle merry-go-round? Break free! Build up your own pool of cash and take control of your finances. No more paying for the privilege of using someone else’s money. With the infinite banking process, you can use specially designed whole life insurance policies to accumulate and keep your wealth. Your money earns continuous, uninterrupted interest, and you control the payback process. Get out of debt faster and maintain control of your money.
When you’re starting off in business, your goals are certainly different than when you plan on exiting your business.
Being in business with your family could get tricky. For example, a recent study showed that two thirds of small business owners plan on passing their business down from one generation to the next.
Unless you’ve been living under a rock, it’s clear that inflation is running rampant.
Small businesses are the backbone of America’s economy, with 50% of all employees working in such businesses. However, small businesses face challenges, particularly with cashflow. A recent study showed that 69% of business owners lose sleep or have trouble sleeping due to financial cash flow issues. Stress caused by lack of sleep has been linked to various health issues and can put a strain on relationships. Small businesses are also struggling with high inflation and interest rates, which further squeeze their cashflow. To make cash flow more efficient and reduce stress in their business and personal lives, small business owners need to find ways to utilize their available cash flow properly.
Total household debt is up to $16.9 trillion for Q4 of 2022, and of that, nearly $1 trillion is credit card debt.
When it comes to accessing other people’s money, it’s clear that capital has a cost.
It’s pretty safe to say we all have one goal in common, and that is to eventually retire.