Imagine being able to steal untold millions of dollars in plain view without getting caught. Impossible you say. Be careful because you are most likely a victim of this heist. In fact, you may actually be giving these thieves referrals so that they can dupe your friends and family.
For a while I was not aware of how the scheme worked. It was after talking to someone who was in on it that I got to see the entire operation at work. I have to say it is quite an elaborate conspiracy. It involves so many people. I couldn't believe I fell for it for so many years.
Here's how the scheme works. You go in to a bank to open a savings account. The bank representative smiles and says pleasant things to you because you brought your money to them. With a big smile the bank representative tells you that you should be happy because you will be earning 1% on your money (if you're lucky). Trust me when I tell you, the bank representative's smile gets bigger after you leave. You'll see why a little later.
You go home feeling pretty good about yourself because you have finally started working on your financial independence. Good for you! It is definitely a start. The question becomes is it what you were really looking for. Don't get me wrong everyone should have a savings account. But a savings account by nature is not designed to make you money. In fact it won't save your money either. That's right you read it correctly. A savings account will not save your money instead it will help slow down your spending.
Naturally you may be asking yourself how can a savings account not save my money? Here's the answer to this question. A bank pays you 1% interest on your savings account and the government guarantees your money. Meaning that if the bank should go out of business the government insures you that you will get your money back up to $100,000.
A further look reveals just what the bank and the government are guaranteeing you. The bank pays you 1% interest and inflation eats away your money at 3% per year. Inflation simply means that your money will buy you less than what it bought you last year with the same money. So in other words the bank and the government are guaranteeing that you will lose at least 2% of your savings a year. This figure is arrived at by the 3% you are losing to inflation and the 1% interest paid to you by the bank, which means you are only losing 2% a year. That is until you figure in the taxes you have to pay on the 1% interest the bank paid you. However, we won't talk about the taxes in this scenario.
The bank will start sending you credit card offers. You know the offers I'm talking about. The credit card offers where you can transfer your balances for 0% interest for the first 6 months. After the 6 months is over your interest rate goes up to around 9% or more. They also offer to give you other loans for 10%-12% interest. I know you may be thinking well when the 6 months of 0% interest is up I will switch to a different offer from another company. I hope you will.
Part of the heist is banks pay you 1% interest when you give them money but they make you pay them 9%-12% when you borrow your money back. Remember the money is not the bank's money it is your money or another member's money. Now this part will really make you upset. Banks take your money and invest it in things such as commodities and make returns of 20%-50%. And then when you asked for it back in a loan they charge you interest. So banks can make a profit from 29%-62% on your money. When you factor in the fact that most people continue to borrow money over and over again the profits for the banks skyrocket.
After learning how the banks used my money to make themselves rich I decided to use my money to help make me rich. I now teach others how to create financial freedom for themselves.
Now that I have revealed the biggest heist in history I am tasking you with finding a way to make your money work for you instead of working for the banks. Sign up for my newsletter at www.themoneymotivator.com to learn how to put your money to work.
Much More Success,
David
? Copyright David D. Wells. This Newsletter and all contents are proprietary products. All rights reserved. You are welcome to forward the entire Newsletter to anyone interested. The entire Newsletter including this signature box must be intact.
Often referred to as The Money Motivator, David Wells is passionate about helping people "crack the wealth code" to become money magnets. Let him teach you the techniques Hillary Clinton used to turn $1,000 into $100,000 in the course of a year.
For more information visit his website at http://www.themoneymotivator.com
shuttle to Midway Beardstown .. Lockport Chicago limo O’HareSelf-Made Millionaires are not smarter or better than you. They... Read More
Living on credit is fashionable. Indulging oneself is fashionable. Saving... Read More
Money is probably the most challenging thing for many people... Read More
Money can be your servant or it can be your... Read More
We all go to school for about twelve years, kindergarten... Read More
Articles on 'How to make money' come a dime-a-dozen. How... Read More
The idle are a peculiar kind of dead that cannot... Read More
E-currency is very popular on the Internet today. People use... Read More
One of the things most of us have old ideas... Read More
A surprising number of readers want to know "Can a... Read More
I'm constantly reading articles on the internet and in financial... Read More
How Much Money Will I Need to Earn to Retire?This... Read More
Author: James Walsh ISBN: 1563431696: Publisher: Silver Lake PublishingIn... Read More
I counsel a LOT of people about money. I see... Read More
When I look around at all of my friends, and... Read More
Parents must give serious thought to protecting their family through... Read More
Almost all of us go to work everyday and do... Read More
Every day you work is one day closer to your... Read More
Want to be one of the lucky ones on the... Read More
If you're wondering where to create passive income, then you... Read More
When young men ask me how to succeed, I tell... Read More
"Join our program and retire in 3 months..." yeah, right.We... Read More
There is no questioning that the amount of unclaimed money... Read More
This new way is catching on around the world. People... Read More
This is a true story about a homeless man from... Read More
Green Bay Hummer H2 SUV rentals .."My people are destroyed for lack of knowledge." Hosea 4:6... Read More
Okay. So money doesn't really grow on trees. Unless you... Read More
When I was a student in London, I had a... Read More
The business of banking has changed dramatically over the last... Read More
Do you like so many others feel, that even if... Read More
There once was a hawk, ferocious and swift. He was... Read More
The rewarding of high compensation packages to top executives who... Read More
No matter how tight things are financially for you; no... Read More
No one has complete control over their thoughts. But with... Read More
You know about compounding right? You understand what pyramiding your... Read More
Financial freedom is the power to do what you will... Read More
When Ben Franklin said "a penny saved is a penny... Read More
Financial planning at an early age may seem complicated, however... Read More
I have a good friend who works in an area... Read More
If you're reading this article, it means you are a... Read More
Living on credit is fashionable. Indulging oneself is fashionable. Saving... Read More
Almost all of us go to work everyday and do... Read More
I have given many prosperity lectures over the years and,... Read More
Self-Made Millionaires are not smarter or better than you. They... Read More
Recently I was reading a book called The Millionaire Mind.... Read More
Most people work hard all their lives only to "retire"... Read More
Offshore strategies may or may not be right for you.... Read More
Uncle Sam and his band of merry-men, better known as... Read More
Let's quickly review the principles discussed in the first part... Read More
AS THE MARKET FLIES HIGHER, GOOD BUYS ARE BECOMING HARDER... Read More
Wealth Building |