We have been constantly talking about the importance of you being in control of your money or regaining control of your money. So why is it so difficult to accomplish despite it being a very simple concept? In this blog post, we are going to talk about the unintended consequences that result from following traditional or conventional wisdom when it comes to your finances and how to regain control of your money by just knowing these things.
When you get a premium bill and your cash flow is limited, you should always pay the base premium first.The more you pay into the policy at that time, the higher rate of return you’re going to get within your policy.The next is the paid up additions rider.By paying the paid up additions rider in the first five years, it will give you access to more cash sooner so that you can start using your policy to pay for the things of life.The third priority is the policy loan interest.If you don’t pay the loan interest, the loan interest will be added to the loan balance and it may constrict the amount of cash value that is available in the future to access via the policy loan provision.The fourth area should be the actual loan balance. As your loan balance gets paid down, your cash equity increases.
The cost of college is not the same for everyone. Not everyone who goes to the same school in the same year will pay the same amount for college. The cost of college is individual to each family, and it’s based on a few factors used in the financial aide calculation. That calculation includes parent’s income, parent’s assets, student’s income and student’s assets.
Only in a whole life insurance policy, you can have access to the cash values without draining the tank. Basically you’re able to continuously earn compound interest and access that money to make an investment that will potentially earn you a higher rate of return.
Have you ever had the thought “if only I could earn some more income, then I could finally reach my financial goals.” We’re going to show you why it’s not your income that’s holding you back and how some simple shifts in how you’re using your money can help you reach financial freedom.
We all make, earn and use money but have you ever really thought about how money works in your life? We’ll show you how to put money to work for you rather than having you working for money!
Are you thinking about paying off debt? Did you know that the average American household now carries over $137,000 in debt? Also in a recent survey, it was found that the average American households spends 34.5% of their after-tax income, just to pay their debt. If you’re working that hard just to pay off your debt, how in the world are you going to be able to save? Watch to the end of this video to find out how you can make your money work for you