Where do you save your money? For many people, the answer is “in a bank.” So it surprises people to learn that one of the places banks store and grow their cash is outside of the banking system altogether.
Banks store and grow a significant portion of their capital using permanentlife insurance, generally a special kind of whole life insurance. It’s referred to as “BOLI”—bank-owned life insurance, and banks own a LOT of it!
In this article, we’ll explain why banks buy life insurance, how much they have, and why it’s relevant to YOU. (As it turns out, most people want the same benefits the banks are receiving!)
Every parent’s fear is that their child will never quite grow up. This could look like an adult child that remains reliant on parents and never becomes self-sufficient. Add assets to the mix and it can be a recipe for a trust fund baby. Even for parents who intend to leave extremely modest sums to heirs, inheritance entitlement can be real.
If you are earning, saving and investing to build wealth and you wish to leave something to heirs, do not ignore potential pitfalls. Passing on wealth successfully and productively to future generations can have itschallenges.
To be clear, GIVING wealth with the right tools and vehicles (wills, trusts, life insurance, etc.) is easy! It is the adult child’s ability to KEEP the wealth that is the challenge. Hence the expression:
A self-made multimillionaire entrepreneur, May McCarthy credits her success to her daily spiritual practice based on giving gratitude and following her intuition. She says the seven simple daily steps she developed and now teaches others can improve health, transform relationships, and help you accomplish your biggest business goals. If that sounds like a big claim, well, McCarthy is a woman with big results.
May McCarthy has co-founded six profitable companies in industries as diverse as telecommunications, fashion, and healthcare, with the largest growing to $100 million in
Who will be in the White House in 2021? At this writing, the definitive answer is uncertain! However, we can be certain of our own success using the fundamental principles that would apply in ANY circumstance.
Yes, some things change if there is a “changing of the guard.” Taxes may be raised or lowered. Regulations and incentives might shift. But the game of success usually doesn’t change as much as we think it might. (And with Republicans gaining ground in the house and likely maintaining control of the senate, a Biden-Harris win might NOT mean sweeping changes.)
Appreciation, depreciation, leverage and inflation—they all work to the real estate investor’s advantage! Yet unfortunately, real estate investing lies sabotage the success of many — or keep them out of the game altogether!
We are committed to educating you about personal finance with this blog and also the Prosperity Podcast. And today, we are bringing you the best of the web—articles we love from other blogs and publications!
We’re sharing resources on educating your children about money, how to grow your cash in a low-interest environment, and a view on hedge fund manager Bill Ackman’s suggestion for the government to “invest” for Americans.
We trust you will enjoy these resources as much as we did!
This website is provided for informational purposes only. The information contained herein should not be construed as the provision of personalized investment advice. Information contained herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security or investment. Investing involves the risk of loss and investors should be prepared to bear potential losses. Past performance may not be indicative of future results and may have been impacted by events and economic conditions that will not prevail in the future.
Yes, send my FREE Prosperity Accelerator Pack including:
Financial Planning Has Failed Ebook
Kim Butler’s 7 Principles of Prosperity™️ Audio, Video, and Summary