Wednesday, June 22, 2011

Simplify Your Life

How is your life's financial strategy working for you?  Would you like to simplify your finances and better manage your cash flow?  Check out this video- http://www.youtube.com/watch?v=1jlEQdVIgYk

If this is intriguing to you, let me know.  I am happy to explain further or continue to provide more resources.  It's all about educating ourselves and learning better or different solutions to handling the green stuff, managing interest charges on all of our various school loans, car loans, credit card debt or deciphering the intricasies of an amortized mortgage loan.  Why can't they just be calculated all in the same way, with the same interest rate and due on the same day?  Wouldn't that be easy?

Until another day,

Wendy

Friday, November 19, 2010

Becoming Your Own Banker

Where are we taught to store our idle money? Which businesses seem to have the largest buildings in every town?  The banks. In my town, they are scattered all around town and the banks make you feel like your money is safe.  Perhaps it's safe, but did you ever stop to think about why the bank wants you to store your money with them?  For every dollar you put in the bank, the bank then has access to $10 to lend back out.  For example, say you receive a 2% return on your $1 which is $1.02 while the bank turns around and lends out $10 and charges an 8% interest rate.  They now have $10.80 for every $1 you stored in the bank. Think about the compounding effect that would have with every clients' money that is going in and out of the bank every day.  What if you could maximize your money like the banks do? 

If you are curious about how to create your own infinite banking system, the book called "Becoming Your Own Banker" by Nelson Nash is a must read!  I need to read it again.  It will start to make you think like the banker, bank owner, borrower and saver.  You can gain the benefits of each aspect of the banking system. Check out Nelson's website http://www.infinitebanking.org/.  I had the good fortune of meeting Nelson in person.  He is a true inspiration, incredibly knowledgeable and a spit fire at the young age of 80!

Good luck in your learning process!

Wendy

Wendy@PayItForwardStrategies.com

Thursday, November 18, 2010

What if there were a machine to maximize your money?

We have machines surrounding us that we use daily.  We have washing machines to do our laundry, dishwashers to clean our dishes, vacuums to clean the carpets, computers to run our businesses, cars to transport us from point A to point B, cell phones to keep us connected and the list goes on.  Do we depend on these for convenience, independence and time management?  Do these machines generally do a better job in less time than we would do on our own?  What if there were a machine that could help you plan your financial future and save you time and money in the process?  What would that be worth to you? Do you have an accountant help you with your taxes?  How much does that cost a year?  Do you have a financial planner help you build your retirement?  How much does that cost you for each transaction or consultation?  How much money have you lost over the years for poor decisions? 

The money goes out faster than it comes in sometimes, doesn't it?  Well....with an open mind and a little learning curve, I am here to tell you there is a better way!  I am seeing it firsthand.  With the newest version of the Money Merge Account Live there is a machine that will help map out your finances in a way that constantly maximizes every dollar that comes into your accounts and every dollar that goes out.  Halleluja! 

The banks have been having so much fun with all of our money over the years.  Now it's time for us to have fun with their money.  One of my most recent clients is slated to save over $1,000,000 in interest over the next 14 years.  I am so excited for them! 

Here is a link to a new book called Money Momentum on Amazon that begins the education process- http://www.amazon.com/Money-Momentum-Achieving-Financial-Foresight/dp/0615383440/ref=sr_1_1?ie=UTF8&qid=1290128176&sr=8-1.  It's super easy to read and very eye opening.

You can start leanring how paying it forward with your financial decisions has an incredible impact on your health, attitude, relationships and wellness over the years. Pay It Forward however you choose, whether it's large or small.

Until another day,

Wendy