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The Problem Joe ispayingsomeoneelse to finance hisneeds
Joe’s Car Cost: $10,550 LoanTerm: 48 months APR: 8.5% Payments: $260.05 Interest Per Payment: 20% Volume of interestis a major issue!
Joe’sHousing 30 yearfixed rate mortgage Mortgageamount: $93,000 APR: 7% Payments: $618.75 Closingcosts: $2,500 Interestcost per dollar: 86% Volume of interestis major issue
Joe’sCost Of Living Interest on luxury items Non-deductibledebtpayments i.e. CreditCards Lowdeductible, high premium insurance Meals out Entertainment Vacation Lostopportunitycost Inflation
Joe’sDilemma 34.5 cents of everydisposable dollar ispaid out in interest!
What if… Joe created a private financing system that: Allowed recovery of percentage of the lost 34.5% Allowed him to save for retirement Reduced his taxes Protected his assets from creditors Enabled him to pass on a legacy to his family This how Joe did it >>>>
Joe’s IBC Bank Permanent Whole Life Policy $5,000 annual premium ($400+/mo) Premium paid 7 years Cash value end of year 7 = $35,960
”You don’t have to be rich to create a banking system that can handle all your needs for financing.” COMPARISON IBC PAY CASH FINANCE LEASE $ $ $ $ $ $ LOST $-116,000 LOST $-138,000 LOST $-175,000
GAIN $+552,000 TAX FREE “ … create your own banking system so that you can control 100% of your needs.” $ $ $ $ $ $ COMPARISON LEASE FINANCE PAY CASH IBC Remember this example was for 1 CAR! After 4 years, you’d never have to go to a finance company to finance a car again. $ $ $ $ $ $ LOST $-116,000 What if you did this with 2 CARS? LOST $-138,000 LOST $-175,000
Joe’s Sunset Years Financed all his cars and recovererd the % $987,757.00 in Cash Value $650,000.00 private pension (13x50K) $1,365,057.00 to nextgeneration
Couldthisbebetter? YES!!! The more Joe fundshisprivatefinancing system the more hecanrecover dollars from the lost 34.5% By usingthis as much as possible Joe canavoidpaying to use otherpeople’s money. He canalsoavoidopportunitycostincurred by using cash thatwasearning % elsewhere.
SUSTAINABLE FINANCES Ron Doerksen 1706 Front St #478 Lynden, WA 98264 360.306.5642 866.561.3754 SustainableFinances@comcast.net