What Would You Do If You Knew You Couldn't Fail?

What Would You Do If You Knew You Couldn't Fail? Think about that for a moment. We often turn our heads or close our minds to new ideas because of fear. If you take it a step further, and consider the outcome being a positive one, then imagine the possibilities.

I have learned through the Infinite Banking Concept, that my capital has a cost, and I must recoup my capital outlay to practice this principle. You see my spending habits will cost me THOUSANDS of DOLLARS of MY OWN MONEY every year if I don't practice banking.

Now, let's take it a step further and discuss what it will cost you if you continue down the traditional path of financing and paying cash for your purchases. This is only 1 example out of numerous ways that you can transfer away your wealth over your lifetime.

Here's an example of purchasing a car: Automobile Financing
What would you do with 1 MILLYUN$?

So, you may be thinking that you're not going to purchase that many more cars or you'll buy used ones. What about your kids? and grandkids? You see, IBC is about keeping your money in the family.

And, have you thought about the Cost of College? Credit Cards? And, other purchases you will make.

The whole idea is to recapture the interest that you are paying to banks and finance companies for the major items that you will purchase over your lifetime, such as automobiles, major appliances, education, homes, investment opportunities, business equipment, etc.

"You finance EVERYTHING that you buy. You either pay interest to others or you give up the ability to earn interest by paying cash." ~Nelson Nash

Why would I be encouraging you to learn the Infinite Banking Concept? Because I want you to learn what I've learned, and yes, ultimately you may become a client. If you do, you will discover why my clients are calling me and thanking me during these tough, economic times. I am convinced that IBC will change your life, the way that it has mine.

You see, when I first got in the financial services business, I was encouraged to follow and teach others the same, tired methods of accumulating wealth that everyone else is using. I soon learned that those methods are a failure! If traditional financial planning worked, why do you think that so many people are broke and struggling to make ends meet?

These flawed methods of personal economics focus on the accumulation of wealth by  consistently contributing to an account and compounding the interest earned over time. When we subject ourselves to this form of thinking we are limiting our human life value.

Over time fallacies and falsehoods develop into myths. Falsehoods developed and perpetuated by so called "financial gurus" limit our productivity and stifle our human life value. Myths destroy our confidence by instilling our minds with doubt and fear.

You have probably heard the following fallacies and myths:
1. You're in it for the long-haul.
2. High-Risk = High Returns.
3. The market has averaged 10-12% over time.
4. Work hard, go to college and get a good job.
5. Save money, get out of debt, invest for the long-term and diversify.
6. When you retire you'll be in a lower tax bracket.
7. When you retire you won't need insurance.

What makes theses Myths so Destructive is that they are based on a scarcity mindset, and are Perpetuated from Generation to Generation. When we embrace the scarcity mindset we are buying into the belief that our resources are limited. Scarcity fails to account for self-worth and further limits our opportunity for ownership and growth.

If you can't afford to wait 20-30 years to build retirement wealth then learn how the VELOCITY OF MONEY can turn your financial world around and put you in control of your money. Learn how banks grow their bottom lines and Use Your Money to make money, Learn HOW TO BECOME YOUR OWN BANKER.

Today, my entire practice revolves around teaching others about the Infinite Banking Concept. Because I've learned firsthand that it works, and I've seen the impact it can have on other people's lives. So, I'm reaching out to you, because I care about you and your family. I care that your family may be subjected to the same fallacies and myths that the financial institutions
and elite want you to believe.

TO DO NOTHING IS TO RISK EVERYTHING! You have NOTHING TO LOSE and EVERYTHING TO GAIN. Click this link to learn how you can take control of your finances: Becoming Your Own Banker


Yours to count on,
Barry Page, RFC
Registered Financial Consultant
Legacy Insurance Agency, PLLC
www.legacyinsuranceagency.com 

Becoming Your Own Banker

"Banking is the most important business in the world."
~R. Nelson Nash, Bestselling Author of Becoming Your Own Banker 

Learn what banks know. Discover the Infinite Banking Concept by attending an educational workshop with Nelson Nash, author of the bestselling book, Becoming Your Own Banker, in Ocean Springs, MS on September 15th-16th.  

You can register online for this once in a lifetime event here:  

Becoming Your Own Banker Workshop Registration

Nelson Nash

By utilizing the Infinite Banking Concept, one can in essence, create their own private banking system, never having to depend on traditional banks or the government for money or financing again. You can finance your cars, kids education, and even business equipment through your own bank.

Becoming Your Own Banker

To understand privatized banking one must first understand how money flows. Our money flows through our lives and throughout the world, just as water flows through our bodies and the oceans. The ability to control this flow of money is the key to understanding how to create a private bank.

Lifetime Bank - Privatized Banking from Legacy Insurance Agency

You can create your own system for financing all of your purchases over your lifetime, and then pass it on to your heirs and family.

Click the link below to register online now, seating is limited::
Becoming Your Own Banker Workshop Registration

This event will change your life, I hope to see you there.
Barry Page, RFC
Infinite Banking Coach

Take Control of Your Finances and Avoid the Government Chaos!

Take Control of Your Finances and Avoid the Government Chaos!

Our government is out of ideas... and chaos is taking control. In 2006 they didn't see the crisis coming? Then in 2008 they couldn't understand it, so they threw money at the problem. Then from 2009-2011 more bailouts and wreckless spending still haven't worked.

Meanwhile, American households knew that the problem was too much debt. Still, they have the gall to ask for more money and to raise the debt ceiling. The FED chief (Ben Bernanke of The Federal Reserve) claims that the money we've spent was "invested" and we are receiving a return on our investment. Yet, after over $7 TRILLION in losses, housing prices continue to fall, unemployment continues to rise, and new graduates can't get a job. You would think "they" would get it by now, more debt is not the answer.

Take a look at our current debt: http://usdebtclock.org Do you see any return?

While our Government can not solve their debt problems, you can! You don't have to depend on the government and the financial institutions. By taking responsibility for your financial decisions, you can create your own system of finance. One that will free you from the dependency of the government. Take the time to educate yourself and take control of your finances today by Becoming Your Own Banker. 

Politicians are wasting your money and they want more! The reason that defaulting on our debt would cause problems is because we are in debt in the first place!!! Think about it... They are warning us that it would be harder for Americans to borrow money if we defaulted. Why? The FED and banks have BILLIONS of FIAT money sitting in vaults and interest rates are at the lowest points in history. What do you think the problem is now?

The very reason we are in this mess in the first place is because of DEBT, over leveraging and eased lending practices. This causes false hope and INFLATION. And, if you haven't felt it yet, it's coming. Government needs to be smaller and we need to abolish the FED. We need to take control of our finances and STOP being dependent on the government and the financial institutions.

Depending on where you went to school, you probably learned about economics from a Keynesian perspective. This is exactly what our government is doing now, trying to spend our way out of an economic problem. Contrary to this belief, free markets should be allowed to exist, and money creation out of thin air should not.

Austrian Economics is an entirely different approach that dissents from the mainstream on method, theory, and policy. It views economic actors as unique, conscious, and freely choosing individuals, not as undifferentiated data to be manipulated mathematically or politically.

Rooted in the tradition of Carl Menger and Ludwig von Mises, as well as Murray Rothbard and F.A. Hayek, the Austrian approach offers a rigorous and logical approach to economics that gives free markets their due and takes full account of the reality of human choice.

You can learn more about Austrian Economics and sit in on live classes via the web, absolutely free of charge from the Mises University. Just click this link: Austrian Economics Taught Here.

This should give you plenty to think about, and hopefully you will see the light at the end of the tunnel. Our country's current problems are rooted in debt and overspending. More government control of our financial decisions and more spending are not the answers. You do not have to depend on politicians to solve your financial problems. Just take a look at their records and you will understand why. Take action today!

Until next time,
Take Control of Your Finances!
Barry Page

Barry Page is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.

He has created a service that caters to families and business owners that are frustrated with the risks involved with the stock market, but still want competitive returns. His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protect their savings, but also provide tax advantages.
His business is based in Ocean Springs, MS and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html

What Are You Worth? Reevaluating Your Human Life Value

How To Live a Life of Abundance
by Investing in Your Human Life Value

Today is the perfect day for me to post this blog on human life value, as it is my birthday. As we grow older we tend to appreciate our health and others more, and I want to share with you what I have learned. Fortunately, I have been blessed beyond my expectations with spiritual, physical and material gifts. In reading this I’d like you to consider your worth and the impact you have on others lives.

Throughout our lives we are told that financial success and material worth is what we should strive for. We’re told that we should invest for the long-term and put our money into the stock market. When you follow this financial advice you are devaluing your importance as a person and decreasing your worth as a human being by basing your beliefs on an economic model that is dependent on opinion.

“The real problem is we don't have any financial education in our schools.” Robert Kiyosaki

When you increase your knowledge and change your life. You can increase your financial IQ by subscribing and reading my free newsletter, Financial Intelligence sm. Click on this link to subscribe: http://legacyinsuranceagency.com/financialintelligence/index.html

The accumulation theory of compounding and the concept of dollar-cost-averaging are the basis for traditional financial planning and have been ingrained into our minds since we were children. These flawed methods of personal economics focus on the accumulation of wealth by consistently contributing to an account and compounding the interest earned over time. When we subject ourselves to this form of thinking we are limiting our human life value.

Over time fallacies and falsehoods develop into myths. Falsehoods developed and perpetuated by so called “financial gurus” limit our productivity and stifle our human life value. Myths destroy our confidence by instilling our minds with doubt and fear. 

You have probably heard the following fallacies and myths:
1. You’re in it for the long-haul.
2. High-Risk = High Returns.
3. The market has averaged 10-12% over time.
4. Work hard, go to college and get a good job.
5. Save money, get out of debt, invest for the long-term and diversify.
6. When you retire you’ll be in a lower tax bracket.
7. When you retire you won’t need insurance.

“Myths which are believed in tend to become true.” ~George Orwell

What makes theses myths so destructive is that they are based on a scarcity mindset and are perpetuated from generation to generation. When we embrace the scarcity mindset we are buying into the belief that our resources are limited. Scarcity fails to account for self-worth and further limits our opportunity for ownership and growth.

“Try not to become a man of success but rather to become a man of value.” ~Albert Einstein

In order to achieve our maximum potential we must breakthrough the boundaries of traditional thinking and challenge our minds to live a life of abundance. An abundant life is developed through action and practicing our talents and abilities. Action is created with thoughts produced in our minds based on our knowledge. As we increase our knowledge we increase our abilities and we are free to make our own choices.

When you live a life of abundance you follow your soul purpose and increase your human life value. You are free to focus on God’s work and your personal passions without the limits and confines of a scarcity mindset. You create value in others by sharing your knowledge and developing their abilities. You live a life of prosperity.

God has blessed us with an abundant supply of spiritual and material things. Our challenge is to utilize these blessings to honor God and fulfill our purpose as Christians.

For whosoever hath, to him shall be given, and he shall have more abundance: but whosoever hath not, from him shall be taken away even that he hath. Matthew 13:12

Further reducing our value is people, the media continues to bombard our lives with stories that limit our thinking and convince us that we live in a Darwinistic society. We are told that only the fittest will survive, and that we have to fight for ourselves by struggling to survive and taking from others. Relating this to finance, consider how this theory of economics places you in a position of dependency where we are all pursuing the same finite piece of the pie. Subconsciously we believe that for us to have more, someone else has to have less.

To understand how the scarcity mindset affects our ability we should examine these myths and their origins.

“You’re in it for the long -haul.” –  Today’s financial advisers have to convince their clients to invest with them over a long period of time or they could lose their fees and commissions. Correspondingly financial institutions would lose the ability to make money with our money. Where does this method of thought come from? We are told that over time our investments will produce a return, just as the markets have done. The problem with this myth is that it based on a pre-conceived thought of retirement and fails to address the fact that the investor has no control over the market. If the market is down during their period of period of retirement, the investor must wait for the market to return before withdrawing their funds.  The damage is when we lock our money up and have to wait until retirement to enjoy the benefits our investments, we give up the ability to live a life of abundance now.

“High Risks = High Returns.” – Certainly with all investments there may an element of risk involved. However, taking on more risk does not constitute a higher return. Somehow, this correlation between risk and return has been taught over and over until most of us believe it to be true. When meeting with a traditional financial planner, inevitably a risk tolerance questionnaire will have to be completed. This further promotes the thought that in order to get higher returns, we must take more risk. So, they are telling us that in order to win, we must be willing to lose! The financial institutions have shifted the risk from themselves to us. They have convinced us to believe that financial success is a matter of gambling. Contrarily, the most successful investors take little risk at all. When we follow this advice we limit our potential and avoid the responsibility of making investment decisions.

“The market has averaged 10-12% over time.” – This is almost laughable when you understand how financial professionals are allowed to legally hoodwink investors into believing this lie. If you look at any of the major markets, they may have averaged 6% to 9% since their inceptions, however the myth becomes more evident when you dig a little deeper. First, the small disclosure in your prospectus, “past performance may not be indicative of future results” is nothing more than an insurance clause for the financial institutions. As a matter of fact, advisers use this clause to joke about the prospect of much larger returns. Second, no mention is ever given to the difference between “average” and “actual”. Just because a stock, fund or index averaged an amount that does not mean that the return was that amount. And, that’s before about fees, taxes and inflation.

This is an example of how advisers legally get away with showing you average returns. But, you have to ask yourself, did you realize the gain? Here’s a chart of the last 11 year history of the DOW:

Work hard, go to college and get a good job. – Nowadays it’s almost a given that you have to graduate college to get a good job. But, who says you have to get a job? When you look at the time it takes to go to college and the loss of income over that time, it doesn’t always make sense. What if you have the qualities of an entrepreneur and the ability to create value in others? Should you stifle this talent and focus on your education? I’m not suggesting that anyone forgo their education, quite the contrary. I’m only suggesting that we evaluate our strengths and follow our soul purpose in life.

Save money, get out of debt, invest for the long-term and diversify. – Over the past 10 years people who have followed this advice have seen their financial worth depreciate and evaporate into the abyss of the stock market. Trillions of dollars were lost in 2000 and in 2008 to normal people who invested their life savings into the stock markets. Diversification to most people is buying a mutual fund through their 401k at work. The truth is that when you follow this advice you are increasing the risk in your financial future.

“Diversification is required when investors do not understand what they are doing.” Warren Buffett

When you retire you’ll be in a lower tax bracket. – Do you believe this? If you do, you’re saying that you are going to be poor. Inflation is eroding your money faster than you can save it and your health is declining while you are getting older. Let’s examine this further, say you are making $100,000 per year, and you have 20 years until retirement when you’ll be 67. This is the time that the Social Security says you can retire to get your full benefit (insert laughter). Over your working years you save $1,000,000 into your 401k. Now you are faced with choices on how you will spend that money. Traditional planning says you can spend 4% per year without fear of running out of money. If you are making $100,000 per year now, could you possibly live on $40,000? Oh, I forgot to mention that after inflation, it will take $ to spend like $100,000 does now. What does retirement mean to you anyway? Will you want to take those vacations you’ve been putting off? Will you want to do things for your kids and grandkids? Back to the taxes and your bracket, if you follow traditional advice, when you retire your house will be paid for and the kids will be grown. So, you want have those tax deductions, what tax deductions will you have in the future? Do you think taxes are going up or down? Here’s a chart showing the history of taxes:

History of the Marginal Tax

When you retire you won’t need insurance. – This is malpractice! Any agent or adviser that tells you this should lose their license. You may not need it, but if you have it you’ll want it, and you’ll be glad if you do.  At retirement you are more vulnerable than ever to loss. And, the fact is if you want it you may not qualify for it medically. There is no such thing as “self insurance”. In order for you to fully self insure, you will have to the value of your asset in liquid cash in the event of a loss. Will you have that? If you do and you have a loss, what will you have then?

As you can see these myths can destroy your ability to create wealth and your value as a person. Instead when you follow your soul purpose and focus on creating value in yourself and others you can have a life filled with abundance prosperity.

Your human life value as described by the late Solomon Huebner is the capitalized monetary worth of the earning capacity resulting from the economic forces that are incorporated within our being: namely, our character and health, our education, training, and experience, our personality and industry, our creative power, and our driving force to realize the economic images of the mind.

“Time And health are two precious assets that we don't recognize and appreciate until they have been depleted.” ~Denis Waitley

In closing, I’d like to encourage you take a personal inventory by asking you a few questions. Ask yourself what’s really important to you? Are you protecting the things that matter the most? When you make investments, consider if you are investing in yourself as a person. Will these investments increase your value? Are you expanding your knowledge? What are you reading and whom are you listening to?

"You are the same today as you will be in five years except for two things: the people you meet and the books you read." ~Charlie 'Tremendous' Jones 

Until next time, live a life of abundance!
Barry Page, RFC
Registered Financial Consultant
Licensed Life Insurance Agent
www.legacyinsuranceagency.com

Barry Page, RFC is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.

His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protects their savings, but also provide tax advantages. His business is based in Ocean Springs, Mississippi and he services clients throughout the Southeast. 

He can be reached here:
http://legacyinsuranceagency.com/contact.html 

or here:
http://pma101.com

7 Must Know Financial Tips for the Holidays

7 Must Know Financial Tips for the Holidays

How To Survive Holiday Shopping and Prosper in the New Year

Holiday shopping is in full swing and even started early this year, but it doesn’t have to be a financial disaster for you. Retailers have been marking down old products and ushering in new ones to convince you to spend your hard earned cash. And, while most Americans have slowed down their spending over the past year, the holidays will unfortunately rid many of them of their savings and cause them to plunge into the financial abyss.

Financing and credit cards only add to the problem. Have you noticed that the credit card offers, that had stopped a year ago, are now coming in droves? You can finance, transfer and live completely in debt! But, you don’t have to fall for these clever financing schemes. Take control of your finances and shop on your terms.

Even the television networks are pulling out all the stops to get you to spend your money without thought. Over the Thanksgiving holiday a morning show had a song and dance skit with the entire production staff dancing and singing. The theme song echoed “Do it - let’s go out and spend…” You have to be kidding me! Forget Christmas and the spirit of giving… let’s spend our way to happiness.

We should all take a step back and remember what really makes us happy, the love of family and friends. Let’s be grateful for what we have, and give our love. Spending our money on unneeded items and useless toys that accumulate dust will never fulfill our true desires.

Most people don’t think twice when acting on an offer and paying $100 month for a new plasma TV, but they break out in hives when asked to save $100 month. What’s wrong with this picture?

So, what can you do? I’ve put together 7 must know financial tips for the holidays. A how to guide for surviving holiday shopping.

1. Make a spending budget and stick to it.
2. Never buy anything that you didn’t plan on.

3. Use cash and debit cards, limiting your use of credit.

4. Shop online for sales and time your purchases.

5. Remind yourself of the burden of debt and focus on the benefits of saving.

6. Shop early and avoid last-minute shopping.

7. Spend your time, not your money, with family and friends.

Let’s take a look at what can happen:

You go to the local big box store to buy some toys for the kids. While you’re there you notice the plasma TV’s are finally coming down to an affordable price and start thinking that maybe this is your chance to get the kids off the living room TV. You can nab the new 50” High Definition TV with all the bells and whistles for about $100 month for 2 years. Or, maybe it’s a new laptop or cell phone with wireless, blah, blah, blah…. Whatever it is, the $100 month is just the beginning, because you’ll need the HD cable or the unlimited data plan to go with your new purchase. And, don’t forget the wasted hours getting it all to work and spent watching useless shows and searching the social networks.

A better picture:

You make a list and check it twice, shopping online to find the best deals. You only pickup the must have toys while shopping and decide to teach the kids some fiscal responsibility and financial stewardship. You take them to see the Grandparents and have them make something special for them. You take a family picture or create an album of the kids growing up. This is so much easier now than when you were growing up because of the digital camera you bought last year. Result, they learn the true meaning of Christmas by giving, and they feel good knowing they took part in something special.

You then take the $100 month that would have been spent on the television and save that money. You treat this money with the same respect that you would the payment on the new techno gadget, forming a habit of saving. You feel good that you have been responsible with your money and you have taught the kids stewardship. After the same 2 years you haven’t really missed anything, all the games and shows have been available via your current setup or online. Gadget prices continue to fall, and you can get an even better deal when it’s on your schedule.

Follow these financial tips and you can prosper in the New Year. Instead of having debt, you can have savings. You’ll feel better about yourself and you’ll set an example for your family.

Have a great holiday shopping season and prosper in the New Year!

5 Ways to Use Your Life Insurance While You’re Alive

5 Ways to Use Your Life Insurance While You’re Alive
How to finance all of your purchases through you’re own bank

How would you like to use your life insurance while you’re alive? What if you could finance all of your major purchases through your own bank, just as you would with a traditional bank? You can! I’ve put together a list of my top 5 favorite uses of life insurance that you can start using today.

Because of misinformation in the marketplace, most people believe that they should own the cheapest life insurance available. If you follow this advice, you will miss out on life insurance’s most valuable uses. Term insurance provides a death benefit to your heirs, but what about you? If setup correctly, one of the benefits of permanent life insurance is that it allows tax free access to capital while you’re alive. So, if you understand how it works, you are better off owning the most expensive life insurance available. In other words, typically the more you put in, the more benefits you will enjoy.

When you think about it there are 3 to 5 major expenditures that most people make over their lifetimes. So, I thought I would show you how you can take these 5 expenditures and finance them through your life insurance policies. Yes, you may want multiple policies.

1. Automobile Purchases

2. Business Equipment

3. Family Home

4. College Education

5. Funding Retirement

1. Automobile Purchases
Most of us drive and purchase new cars every 4-5 years. Let’s take an automobile that would cost say $30,000 and finance it for 48 months at 6% interest and include an inflation rate of 3% and taxes of 10%. If you traded the cars in, over the course of your lifetime (48 years/12 cars), your adjusted cost after trade and sales tax would be $85,275. However, the lost opportunity costs, had you been able to earn 6% interest on that same money, would be $343,405! What if you could finance all of your automobile purchases through your policy and recapture the costs? You can!

2. Business Equipment
If you plan to start or grow any business venture, you will need access to capital and business equipment. What if you could finance the equipment yourself and/or start your own leasing company without depending on traditional banks? You can! You may also be able to take additional tax benefits when paying interest.

3. Family Home
Assuming your family is growing are you decide to purchase a second home, what if you could finance it through your life policy? You can! All you have to do is capitalize the policy and purchase the home outright through your policy or start paying your traditional mortgage off early using your policy as your own bank.

4. College Education
Without a doubt, funding a child’s college education is one of the main concerns of parents today. While college tuition costs are outpacing inflation, most college savings plans have lost money. What if you could pay for your child’s college and recapture the money to use for your retirement? You can!

5. Funding Retirement
If you ask retirees today what their biggest concern is, most will answer outliving their money. When depending on government programs and a pension, this can be a problem. Maybe that’s why this demographic is one of the largest purchasers of permanent life insurance today. What if you could supplement or fund your retirement completely using your life insurance policy? You can! Having a permanent life policy at retirement allows you to spend your other assets down completely, without the concern of running out of money or leaving your heirs with nothing. And, retirees will appreciate the ability to have access to capital for business ventures and long term care if needed.

So, there you have it, 5 ways to use your life insurance while you’re alive! But, don’t take my word for it, ask any of the hundreds of thousand of Americans who are enjoying the benefits of owning permanent life insurance. The naysayers don't own permanent life insurance and don't know.

You owe to yourself and your family to explore permanent life insurance. You don’t have to get caught up in all the hype of Wall Street, or the misinformation from the media and so called, "financial gurus". And, you don’t have to take unnecessary risks with your money. Life insurance has been around for hundreds of years and has proven to be sound and stable. Maybe that’s why banks own it as their tier 1 capital.

I’d like to recommend a book for you to read, Becoming Your Own Banker by R. Nelson Nash. This book outlines exactly how you can utilize life insurance to finance all of your purchases over your lifetime. If you practice the principles outlined in this book, it will literally change your and your family’s lives forever. You can learn more about the Infinite Banking Concept and purchase the book at http://www.infinitebanking.org/

Free yourself from financial slavery and stop depending on the government and financial institutions. You’ll be glad you did.

Until next time,
Barry Page, RFC
http://legacyinsuranceagency.com/

Barry Page, RFC is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.

His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protects their savings, but also provide tax advantages. His business is based in Ocean Springs, Mississippi and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html

FOX News Interviews Ron Paul and Judge Napolitano on the Federal Reserve

Until next time,
Barry Page, RFC

Barry Page, RFC is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.

His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protects their savings, but also provide tax advantages. His business is based in Ocean Springs, Mississippi and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html

Another Day, Another Worthless Dollar

Another Day, Another Worthless Dollar

While most Americans are struggling to survive right now, the FAT CATs in Washington are busy spending our money. It never ceases to amaze me how few people really understand what's going on with our government.

I was just watching a little news while I enjoyed my frozen dinner (saving $), and a popular talk show host was commenting on the economy... PLEASE! Get a clue! Why do Americans put so much trust in the media? They invite so called financial analysts on the talk shows and ask them "tough questions" about our country's financial mess.

An article posted on U.S.News and World Report today was "How to Tell if You Have a Good 401(k) Plan" If we can't figure this one out, we're in a heap of trouble... The article touted good points such as getting a generous match by your employer, short wait times to get started, vesting and fees. Duh!!!

The article mentioned nothing about how Uncle Sam ultimately controls the 401(k) and how he can change the rules at his discretion. Or that ordinary citizens have lost Trillions in the market over the past several years. Or that the whole tax deferral hype is a bunch of CRAP!

For many people the 401(k) certainly offers them a way to save money. And, if you get a match, why not contribute up to that point, but not a penny more. But, if you have to risk your life savings in a volatile market with no guarantees... that's more than dangerous, it's insanity.

Why am I so tough on qualified retirement plans? Because I've seen families lose their entire life savings. And, I don't trust the government with the purse strings.

So, what's a person to do? Take control of your money, NOW! There's no other way to put it, take your money and run. I'm no market analyst and I don't have a crystal ball, but the writing is on the wall. The government is broke and they want your money. The stock market is as uncertain as it gets. So I'll ask you, why would you put your money in a 401(k)? If you know anyone who has ever gotten wealthy because of their 401(k), I'd like to meet them.

Recently, I attended the "Night of Clarity" in Nashville, Tennessee. This was a seminar about Austrian Economics and Privatized Banking. The event boasted an impressive list of Austrian Economists including Tom E. Woods, PhD, resident scholar at the Mises Institute and the author of the recent New York Times best-seller Meltdown; Paul A. Cleveland, PhD, adjunct scholar at the Mises Institute, Professor of Economics at Birmingham Southern College and author of several books; Tom DiLorenzo, Professor of Economics at Loyola College in Baltimore, MD, Senior Fellow at the Ludwig von Mises Institute; Robert M. Ebeling, PhD, Professor of Economics at Northwood University, past president of Foundation for Economic Education, and the Ludwig von Mises Professor of Economics at Hillsdale College; R. Nelson Nash, creator of the Infinite Banking Concept and author of the best-selling book, Becoming Your Own Banker; and the authors of the new book How Privatized Banking Really Works, Robert P. Murphy, PhD, Economist and adjunct scholar at the Mises Institute and L. Carlos Lara.

Robert Murphy, PhD and Barry Page, RFC in Nashville

In my humble opinion, EVERY AMERICAN should read the book, How Privatized Banking Really Works. This book will open your eyes to the LIES that have been forced on our country by the government. It will shed light on the Federal Reserve and our banking system. The book is easy to understand and offers references and documentation to all of the subject matter it covers. The best part is that if offers the solution to our monetary problems.

Once we understand the problem inherent in our current system, we can work towards solving the problem. In 1913, with the 16th Amendment, our government created the federal income tax, and later that year the Federal Reserve or central bank. This is suspicious all to itself, but we must understand that the power of these two entities is absolute. They control the money!

But, that's not enough... Politicians are spending your money like it's going out of style.. it is! Our dollars have become worthless because they are no longer backed by gold. The Fed is printing worthless dollars!

How can we change this picture? In their book, Lara and Murphy outline how we can take the power back in three easy steps:
1. Sound Money - link outstanding dollars to Gold. Inflation goes away.
2. Private Banking - the government monopoly will then be abolished.
3. Close the Central Bank - the size and expense of government and taxes decrease while business increases.

It couldn't get much simpler than that. I hope you'll take the time to further your knowledge of banking and money by reading this book. You may also want to visit http://www.mises.org/ to learn why Austrian Economics is superior to Keynesian Economics.

Until next time,
Barry

Barry Page, RFC is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.

He has created a service that caters to families and business owners that are frustrated with the risks involved with the stock market, but still want competitive returns. His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protects their savings, but also provide tax advantages.
His business is based in Ocean Springs, Mississippi and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html

Don't Believe the Hype about Financial Reform

Don't Believe the Hype about Financial Reform The Unintended Consequences of Investing with Uncle Sam

With all of the hype from the mainstream press about financial reform, consumers might assume that the Dodd-Frank bill will actually help their financial portfolio. A closer look though at the affects of the financial regulatory changes might reveal some unintended consequences.

Over 800 pages of politically charged financial regulation can be found in the bill. And while, from a consumer standpoint, this may sound like a good thing, it will probably add to the confusion already involved with investing. The legislation does provide some protection for the consumer, however these small improvements will have little positive impact for the average family.

Once again the Federal Reserve has bypassed scrutiny and emerged as the ultimate financial regulator. Nary a mention has been given to auditing this cartel though that was the first intent of Congressman, Ron Paul.


Taking a look at what will actually occur for most, we will cover the most common places that people park their money.

Qualified Retirement Plans (401k, 403b, IRA, etc)
Popular investments such as those offered by employers, because they may offer tax-benefits and are considered to be conservative, could see these regulatory decisions affecting the costs and availability associated with these plans. What's worse is that the full affect of the reform may not be known for some time.

Because of the gray area left in the bill, regulators have 15 months to study the issue. This could ultimately drag down the returns of these investments. Primarily these studies will involve "swaps", "wraps" and "derivatives", all of which can be found in typical retirement accounts. Kent Mason, partner at Davis & Harman LLP and outside counsel to the American Benefits Council, says this "would have an immediate and very troubling effect on 401(k) plans across the country."

Mutual Funds
Although their is little mention of mutual funds in the Dodd-Frank bill, it is likely that the legislation will affect the holdings of these funds.

Their is also uncertainty for bond funds which could further increase volatility. The (FDIC) Federal Deposit Insurance Corporation, will have more control to sieze troubled financial institutions, and have leeway to pay investors differing amounts on bonds, though they may be holding identical bonds issued by that particular institution. This could cause uncertain investors to dump the bonds at the first sign of trouble or to demand higher yields.

Bob Auwaerter, head of fixed income at Vanguard Group says this "can have all sorts of unintended effects". The potential result is unequal treatment of bondholders which "will reduce liquidity and lower the price."

Even worse, typical mutual fund investors, who are prone to trying to time market-buying decisions, could be affected by advertising. "Hot funds", touted by financial magazines, coordinated with advertising could result in misinformation being passed along to consumers.

Derivatives
At yearend 2009, there were $464 TRILLION in outstanding derivatives. While the new bill seems to focus on this problem, it is doubtful that the new provisions could have prevented the financial crisis.

Dividends
Probably the most troubling to investors is the taxing of dividends. Without further congressional action, the top dividend tax rate will skyrocket to 39.6% in 2011. Senate Finance Committee Chairman, Max Baucus (Dem. Mont.), will be a key player in the future debate over the taxation of dividends.

Brokerage Accounts
The (SEC) Securities and Exchange Commission will have authority under the bill to impose the same standard of "fiduciary" duty on brokers that currently apply to investment advisors. Meaning that brokers must provide advice that is in clients' "best interest". What exactly does this mean? How does a broker, that you have probably only spoken with on the phone, know what is in your best interest?

The bottom line is that the bill will provide minor improvements to consumer laws that regulate the financial industry. BUT, the major changes resulting in increased regulation will affect everyone from banks to insurance companies, resulting in more confusion and less profits.

Fortunately, there is one financial instrument that can keep you out of the confusion and chaos that congress continues to pursue. If you do your homework, you'll find that good, old-fashioned whole life insurance has survived for hundreds of years intact.

There are many flavors of life insurance, so you'll want to make sure you are dealing with an experienced agent that does business with a "mutual" life insurance company. Mutual life insurance carriers pay dividends to policyholders, and the owner of the contract controls the policy. You can learn more about the extraordinary benefits offered by whole life insurance here: http://legacyinsuranceagency.com/lifeinsurance/wholelife.html

Until next time,
Barry Page, RFC

Barry Page is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.


He has created a service that caters to families and business owners that are frustrated with the risks involved with the stock market, but still want competitive returns. His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protect their savings, but also provide tax advantages.

His business is based in Ocean Springs, MS and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html

Are You Tired of the Market Roller Coaster? Here's What To Do

Discover the Alternative To Traditional Investing

While the market goes up and goes down, you don't have to. You can get off of the roller coaster and discover the alternative to traditional investing.

There really is a better way... and it won't keep you up at night.

You’ve probably heard that life insurance is a bad investment. And, that you should buy the cheapest term insurance available. Well something else that you’ve probably heard is “you get what you pay for.”

YES! You can protect your hard earned money and build wealth using tried and true, dividend paying, life insurance.

While the investment firms and banks want you to believe that the stock market is the ONLY way to invest and make money, they too own life insurance.

BOLI is the name for Bank Owned Life Insurance, and if you'll do your research you'll find that all of the major banks own lots of it. As a matter of fact the FDIC (Federal Deposit Insurance Corporation) actually encourages banks to own life insurance: http://www.fdic.gov/news/news/financial/2004/fil12704.html

Total BOLI Assets (in billions)
Held by Bank Holding Companies in 2007
BHCS BY ASSET SIZE 2007 2006 Change
Over $10 billion $ 104.63 $ 88.59 18.1%
$1B - $10 billion $ 9.89 $ 9.55 3.6%
$500M - $1 billion $ 3.03 $ 2.86 4.5%
All $ 117.55 $ 101.00 16.4%
*Source: Michael White-MullinTBG BOLI Holdings Report - 2008 edition

BANKS THAT OWN BOLI State BOLI
Bank of America NC $ 13,883,173
Wachovia NC $ 12,874,000

JP Morgan Chase OH $ 7,181,000

Citibank NV $ 3,281,000
Regions Bank AL $ 1,253,146
Bancorp South MS $ 168,005
*Partial list compiled from: The Pirates of Manhattan

If permanent life insurance is such a bad investment, why do you think banks own so much? And, if you listen to who is saying “buy term” it’s usually the banks and Wall Street. Why? Because they are now selling term insurance and it is the MOST Profitable for them, and of course they want to sell you their mutual funds. Mutual fund managers rake in hundreds of millions of dollars every year, while you take the risk and whether or not they make money or not.

So, why do they tell you to "buy term and invest the difference", while they do just the opposite? Well, that's how they make their money, even if you LOSE... That's right, they make money even when they lose your money. They tell you to buy while the market is down, and to "dollar cost average", what a bunch of crap! Yet, they still won't you to bail them out!

Have you ever considered your what YOUR LIFE is worth to YOUR FAMILY? This is your Economic or Human Life Value. Winston Churchill said this about using life insurance to protect the economic value of a human life:
“If I had my way I would write the word insurance over the door of every house because I am convinced that for the sacrifices which are considerably small, families can be secured against catastrophes which would otherwise smash them up forever.”

The political commentator, humorist and international celebrity Will Rogers said this:
“A man who dies without adequate life insurance should have to come back and see the mess he created.” Rogers later died, in 1935, in a plane crash in Barrow, Alaska—and life insurance benefits were one of his estate’s largest and most important assets.

You too can enjoy the many benefits of life insurance while protecting your family. Here's a partial list of what life insurance can do for you:

• It takes care of your family if you die too soon.
• It takes care of you if you live too long.
• It is self-completing if you become permanently disabled.
• The waiver of premium guarantees the premiums are paid.
• It can have catastrophic benefits if you have cancer, heart attack or stroke, to help even if you don’t die.
• It can have terminal illness benefits that will pay when you are diagnosed, allowing you to put things in order before you die.
• It can provide long-term care benefits, drawing from your cash-value.

And, if that isn't enough to get your attention, then you may want to learn about the banking benefits of dividend paying, cash-value life insurance. The Infinite Banking Concept is a way to recapture the interest that you pay to others and put it back into your "bank". You can learn more and order the book Becoming Your Own Banker here: http://legacyinsuranceagency.com/byob

So, get off the roller coaster and stop risking your wealth. You don't have to get out of the market, but you may want to diversify with some safe alternatives like annuities and life insurance. Download a Free Report: http://legacyinsuranceagency.com/alternative

Until next time,
Barry page, RFC

Barry Page is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.
He has created a service that caters to families and business owners that are frustrated with the risks involved with the stock market, but still want competitive returns. His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protect their savings, but also provide tax advantages.

His business is based in Ocean Springs, MS and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html