Velocity Banking vs Infinite Banking

Are you a wealth creator with a need to have access to cash in the safest way that puts you in control?  Velocity Banking shows up again and again as a solution to pay off your home faster and save interest.  It even appears as the ideal way to store up equity in your house to use for…

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Economic Value Added (EVA )and Infinite Banking

Economic Value Added (EVA) is a little-known, but impressively effective measure to boost your profitability. Coca-Cola, AT&T, Quaker Oats, CSX, and Briggs and Stratton helped the term rise to prominence when they adopted EVA in the 80s and 90s.  Focus on this insightful accounting measure resulted in an overwhelming increase in business value, stock price,…

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Opportunity Cost - The Invisible Cost of Financing

Opportunity cost, like the submerged portion of an iceberg, is a part of your financial decisions hidden from view.  While odorless, colorless, tasteless, and silent, opportunity cost is a threat to your wealth creation. This wealth restrictor is no respecter of persons or purchase types.  Opportunity cost is the tag-along to every financial decision you’ll…

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Paying Cash Destroys Compound Interest

Let’s talk about paying cash. Now it certainly has its pros, but it also has its cons. The reason people often pay cash is that they don’t want to pay interest. They don’t want to go into a position of what they feel is debt. They would rather pay cash to avoid an interest charge. However,…

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The Right Way to Spend Money

Alexander Pope said, “To err is human, to forgive divine.” Financially speaking, it would be more accurate to say, “to spend money is human, to create wealth divine.”  No one ever needed a lesson in how to buy things. In fact, with no restraint, we manage quite well to find plentiful ways to spend money.  How you spend…

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Pay Cash or Finance Real Estate Investments

Do you want to purchase cash-flowing rental real estate?  Are you are asking the question: should I pay cash or finance real estate investments? Assume that you have enough to pay cash and pay for the property outright. But do you want to do that? In order to determine if you want to pay cash or…

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Why You Want Insurance Part 3 - It Costs More to Self-Insure

To navigate your insurance decisions, you must weigh the costs and opportunity costs of each option.  While some choose to self-insure as a solution to reduce insurance costs, there are additional costs hidden beneath the surface that you need to be aware of. Insurance is fairly polarizing.  Chances are, you either love it or you…

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