Todd joins Patrick Donohoe to discuss insurance, the economy and his calculator system Truth Concepts.  Todd brings a very unique perspective to the conversation because of the broad applications of his software.

Truth Concepts

Always objective, the Truth Concepts™ calculators provide a snapshot of the costs associated with any gain.  Our core philosophy to educate drives our software, and unlike many products available, we have created a product that provides an objective, balanced analysis.

Calculators

Truth Concepts™ Full (all calculators and tools)

Truth Concepts Lite™ (Financial, Loan Analysis, Borrowing Strategy, Maximum Potential, Auto Purchases, Future Requirements, & Life Values tools only)

Truth Concepts Real Estate™ (Loan Analysis and Financial)

To learn more about Truth Concepts visit their website – TruthConcepts.com

You can also find an Android version of the Truth Concepts calculators through the Android Market

For more information about Paradigm Life and Infinite Banking, download our article or contact us at info@paradigmlife.net or by phone at 1-800-870-8670.

Related posts:

1. Analyzing the Real Estate Market and Economy with Special Guest Jonathan Day
2. Special Guest – Tom Dyson, Publisher of Common Sense Publishing
3. Our Economy, the Debt Ceiling and More – Special Guest Robert P. Murphy, Ph.D.

In The Pirates of Manhattan II: Highway to Serfdom, Barry James Dyke warns us that America is an empire in decline. We have an asset management industrial complex which controls the nation’s savings and credit for the enrichment of Wall Street, mutual fund companies, global asset managers, executive insiders and the media.

For more insight into what the financial markets are experiencing and the underlying drivers of many of the profit engines within Wall Street , The Pirates of Manhattan II: Highway to Serfdom is a must-read. It will be an eye-opener of the first order.

To learn more about Barry J. Dyke and his new book, Pirates of Manhattan II: Highway to Serfdom, visit his website: ThePiratesofManhattan.com

For more information about Paradigm Life and Infinite Banking, download our article or contact us at info@paradigmlife.net or by phone at 1-800-870-8670.

Related posts:

1. Special Guest – Dr. Robert P. Murphy, Co-Author of “How Privitized Banking Really Works”
2. Special Guest – Edward L. Hudgins, Ph.D., of The Atlas Society
3. Our Economy, the Debt Ceiling and More – Special Guest Robert P. Murphy, Ph.D.

Revolving debt (credit cards) increased 4.1 percent while non-revolving debt, which includes car loans and education rose to 11.8 percent.

Bankrate.com recently did a survey on how Americans feel about their personal finances.

Here Are Some of Their Findings:

• 26% of those younger that 65 are less comfortable with their debt than a year ago vs. 10% of those 65 and older.

• 15% of those making $75,000-plus are less comfortable with debt vs 27% of those making less than $75,000.

• 47% of those 50-65 years old say they’re less comfortable with savings than a year ago – that’s 10 to 15 percentage points higher than other age groups.

• 25% of high earners ($75,000-plus) say they’re less comfortable with savings now vs. about 44% of those earning less than $75,000.

• College grads feel more comfortable with their savings (18%) than those who have a high school diploma or less (10%)

(Source: BankRate.com)

Startling Credits Card Statistics:

• The average credit cardholder has 3.5 credit cards. Including both cardholders and non-cardholders, the average consumer has 2.7 cards each. (Source: “The Survey of Consumer Payment Choice,” Federal Reserve Bank of Boston, January 2010)

•  The average age at which a U.S. consumer under the age of 35 first adopted a credit card is 20.8 years. The average age of credit card adoption for a consumer over the age of 65 is 40.6 years. (Source: “The 2008 Survey of Consumer Payment Choice,” Federal Reserve Bank of Boston)

• Half of college undergraduates had four or more credit cards in 2008. That’s up from 43 percent in 2004 and just 32 percent in 2000.  (Source: Sallie Mae, “How Undergraduate Students Use Credit Cards,” April 2009)

• The average consumer’s oldest obligation is 14 years old, indicating that he or she has been managing credit for some time. In fact, one out of four consumers had credit histories of 20 years or longer. Only one in 20 consumers had credit histories shorter than two years. (Source: myfico.com)

• Approximately 51 percent of the U.S. population has at least two credit cards. (Source: Experian national score index study, February 2007)

• On average, today’s consumer has a total of 13 credit obligations on record at a credit bureau. These include credit cards (such as department store charge cards, gas cards, and bank cards) and installment loans (auto loans, mortgage loans, student loans, etc.). Not included are savings and checking accounts (typically not reported to a credit bureau). Of these 13 credit obligations, nine are likely to be credit cards and four are likely to be installment loans. (Source: myfico.com)

(Source: CreditCards.com)

The good news is Americans currently have a higher savings rate than its low of -1.5% (2005), but at a 3% savings rate there is much work to be done in bringing down the total American consumer debt of 2.5 Trillion.

For more information about Paradigm Life and Infinite Banking, download our article or contact us at info@paradigmlife.net or by phone at 1-800-870-8670.

Related posts:

1. Our Economy, the Debt Ceiling and More – Special Guest Robert P. Murphy, Ph.D.
2. Special Guest – Tom Dyson, Publisher of Common Sense Publishing
3. Cash Value and Whole Life Insurance

Bio:

Tom Dyson, Publisher of Common Sense Publishing

Tom bought his first stock when he was 11 years old. He has been studying the art of investing and speculating ever since.

Tom graduated from the University of Nottingham in the United Kingdom. He’s a member of the Chartered Institute of Management Accountants, one of Britain’s top accounting bodies. He has also worked for bond trading desks at Salomon Brothers and Citigroup.

For the past six years, Tom has spent his time researching and writing about conservative income investments. His income-focused newsletter, The 12% Letter, was one of the most popular advisories in America. Tom currently lives in Palm Beach County, FL with his wife and two sons.

To learn more about about Tom Dyson and The Palm Beach Letter, visit their website:

www.palmbeachletter.com

For more information about Paradigm Life and Infinite Banking, download our article or contact us at info@paradigmlife.net or by phone at 1-800-870-8670.

Related posts:

1. Our Economy, the Debt Ceiling and More – Special Guest Robert P. Murphy, Ph.D.
2. Special Guest – Tom Wheelwright, Founder and CEO of ProVision
3. Special Guest – Dr. Robert P. Murphy, Co-Author of “How Privitized Banking Really Works”

“Today’s banking system is a far cry from George Bailey’s Bailey Building and Loan in the classic film “It’s a Wonderful Life”.

Back then, savers put money in local institutions where local bankers lent it out to local borrowers.  It was very community focused.

Today, everything funnels through Wall Street and the Federal Reserve, and the last few years have shown that when deals get made too far away from Main Street, weird stuff happens -  like meltdowns and bailouts.”

“But before you just park all that cash in a broken banking system, listen to Robert Murphy and Carlos Lara explain an alternative which provides direct current benefits to you, while circumventing the fractional reserve system that they say contributes to the problems the current system causes.  VERY interesting stuff!”

You can read the blog post on their website www.realestateguysradio.com/blog or listen to the show: Infinite Banking – The Broken Banking System and What You Can Do About It

You can find out more information about  Robert Murphy and Carlos Lara and their book How Privatized Banking Really Works by visiting their website – www.usatrustonline.com.

To learn more about the Real Estate Guys Radio and the insight they provide regarding real estate markets, the economy,  and much more, visit their website www.realestateguysradio.com.

Every year The Real Estate Guys put on a great event called: Investor Summit at Sea.  This year they are having their 10th annual event which includes Robert and Kim Kiyosaki from the Rich Dad organization.  To learn more about this great educational event visit their Investor Summit at Sea page.

For more information about Paradigm Life and Infinite Banking, download our article or contact us at info@paradigmlife.net or by phone at 1-800-870-8670.

Related posts:

1. Infinite Banking – Cash Management Strategies for Real Estate Investors
2. Infinite Banking – For Real Estate Investors
3. Analyzing the Real Estate Market and Economy with Special Guest Jonathan Day

Bio:

Ken McElroy, Principal MC Companies

Ken McElroy, Principal and Co-Partner of MC Companies, has over 20 years of senior level experience in multifamily asset/property management, development, project/construction management, investment analysis, acquisitions and dispositions, business development and client relations. Having purchased over $300 million in real estate in the past two years, Ken offers a unique perspective into property management and entrepreneurship.

Ken is also is the best-selling author of “The ABC’s of Real Estate Investing”, “The Advanced Guide to Real Estate”, “The ABC’s of Property Management” and his latest book “The Sleeping Giant” which helps inspire people to believe that they can be part of solving the world’s economic problems by creating business.  ”The Sleeping Giant” brings together twenty self-employed entrepreneurs who share their powerful and inspiring stories of how they found success through self-employment.

This spring Ken will continue his role as Real Estate Guys Radio Investors Summit Faculty member for the Investors Summit at Sea in which Patrick Donohoe will also be a faculity member for the 2nd year.

To learn more about Ken McElroy please follow the links below:

KenMcElroy.com

MCCompanies.com

Find Ken McElroy’s Books on Amazon

For more information about Paradigm Life and Infinite Banking download our article or contact us at info@paradigmlife.net or by phone at 1-800-870-8670.

Related posts:

1. Infinite Banking – Cash Management Strategies for Real Estate Investors
2. Analyzing the Real Estate Market and Economy with Special Guest Jonathan Day
3. Infinite Banking – For Real Estate Investors

Often it seems that money – what it represents, how it is created and why we even use it – is enigmatic. Examples of this can be seen every day in the news media and public opinion.  There seems to be a very wide range of thought and belief about what money is and how it should be controlled, created, handled and used.  Patrick Donohoe of Paradigm Life and Brad Gibb, MAcc discuss many of these topics when discussing: What is money, Really?

Useful Links:

- International Monetary Fund

- Federal Reserve

- Foundation for Economic Education (FEE)

For more information about Paradigm Life and Infinite Banking download our article or contact us at info@paradigmlife.net or by phone at 1-800-870-8670.

Related posts:

1. Infinite Banking – Cash Management Strategies for Real Estate Investors
2. The “Infinite” in Infinite Banking
3. Our Economy, the Debt Ceiling and More – Special Guest Robert P. Murphy, Ph.D.

Cash value of a whole life insurance policy is the contractual dollar amount the insurance company will exchange with a policy owner in the event the insurance policy is cancelled.  This same cash value is the basis by which the insurance company will loan to the policy owner. The loan is collateralized by the cash value. The insurance company will not lend the policy owner more than the total cash value.

Cash value is also accessible by the policy owner through a partial surrender which is a physical withdrawal of the cash value.It is important to understand what cash value is, how it grows and how it can be utilized.

Cash Value Growth

Whole life insurance is a unilateral contract between the insurance company and the policy owner. In this contract there are guarantees and benefits to the policy holder(s), one of which is guaranteed cash value growth. Cash value grows tax free. When the cash value is withdrawn for income or otherwise, it is also tax free until the withdrawals exceed the basis of the policy. The basis is the amount of premiums that have been paid over time by the policy owner. At this point the withdrawals are taxed at ordinary income tax rates.

Cash value also grows if the policy owner elects to have his dividends buy paid up additions. Dividends are declared every year by the Mutual Insurance Company. In the subsequent year they are divided amongst policy owners on the anniversary date of their policy. The anniversary date is the month and day the policy was originated. Although dividends are not guaranteed mutual insurance companies have a long track record of paying dividends. Some companies have paid for over 100 years.

Loans against Cash Value

Through the policy loan provision, a policy holder can access the value of his cash value without incurring taxes. This is because policy loans are treated as debt, which is not a taxable distribution. A similar financial transaction is a Real Estate cash out refinance. No taxes are paid on the refinance proceeds. Although policy loans are not required to be paid back, it is recommended. The Insurance company charges interest on the outstanding policy loan but do not require payments to be made. However, an outstanding policy loan will reduce the overall available cash value and if death were to occur with an outstanding policy loan, the loan would be paid back via the death benefit proceeds.

Whole life insurance is a unique financial product because of the guarantees, tax benefits and historical positive performance. For more information about how whole  life insurance can play a part in your financial situation contact us at 1-800-870-8670 or by email at info@paradigmlife.net

To learn more about Infinite Banking and the guaranteed benefits found within permanent life insurance download our free article.

Related posts:

1. Paid-Up Additions Riders (PUAR)
2. The “Infinite” in Infinite Banking
3. Deciding Whether Infinite Banking is for You

To learn more about Turn Key Real Estate Partners visit their website – www.TurnKeyRealEstatePartners.com

For more information about Paradigm Life and Infinite Banking download our article or contact us at info@paradigmlife.net or by phone at 1-800-870-8670.

Related posts:

1. Infinite Banking – Cash Management Strategies for Real Estate Investors
2. Infinite Banking – For Real Estate Investors
3. Real Estate Guys Radio 9th Annual Investor Summit at Sea

Keeping it Simple

Fundamentally, Infinite banking is a very basic concept based on banking principles so as to reduce costs associated with financing and borrowing (don’t forget the added benefits Infinite Banking can have – Liquidity, Safety, Growth and Tax Benefits). With Infinite Banking the policy owner can take the position of lender and borrower (or just lender) and in essence remove the added expense of 3rd party lenders or potentially be the 3rd party lender. The result is potentially more money in your pocket. Although the concept is basic on the surface, there is much to understand when learning about and considering Infinite Banking. Structuring an Infinite Banking policy takes expertise and understanding of how to appropriately set up the policy to meet your individual needs, wants and goals.

Things to consider:

• Why Infinite Banking?
• Utilization
• Immediate needs
• How can it fit into other activities (IE Real Estate, etc)?
• Long-term contributions and growth
• Death Benefit
• Future tax implications

In structuring a policy there is no cookie cutter way to accomplish and meet the goals of every client. There are many tools and techniques that are put into practice when building a policy for the specific needs of a client.  When considering a professional for Infinite Banking seek out one that will explain how and why the properly structured policy will meet your goals. You should also consider this relationship to be long-term. When considering Infinite Banking you will want to seek out someone you can rely on and who has the experience and expertise to offer Infinite Banking advice and an open ear.

Lastly, do your research. A great starting point is to read the book Nelson Nash wrote that coined the term “Infinite Banking” and popularized the concept – Becoming Your Own Banker. At Paradigm Life we will be the first to admit that Infinite Banking isn’t for everyone, but it is something that everyone should learn about and consider.

For more Information about Infinite Banking download our free article. You can also contact us at 1-800-870-8670 or by e-mail at info@paradigmlife.net.

Related posts:

1. The “Infinite” in Infinite Banking
2. Infinite Banking – For Real Estate Investors
3. Paid-Up Additions Riders (PUAR)