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Your Family Bank
Commercial vs. Being Your Own Bank
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Cash is "100% Liquid "10 to 1 lend to reserve => Great depression.
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Banks own your money. We are a "banks creditors."
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Cash increase is taxable.
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No creditor protection.
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Transferable w/tax ramifications.
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Interest rate = < 1%
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Initially 70% of deposits are liquid 100% liquid 5-9 years depending on age/health.
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You own your money.
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Increase in non-taxable.
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Most states creditor protected.
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Transferable w/o tax ramification.
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Interest rate => (4% Gtd) + ( 2% Dividend) 400% to 600% better than a bank.
To be debt free, save for a retirement and become your own bank using life insurance.
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