How To Create Your Own Family Banking System

By
Real Estate Broker/Owner

 

How To Create Your Own Family Banking System

 

Imagine paying yourself all the money you would normally pay for your car, and paying yourself all the interest you paid if you financed it.  Imagine making the same profits as the banking institution that financed it. Let’s explore the advantages of creating your own family banking system.

Family

Imagine your “bank” growing as you develop and follow a proven model and system for finance for your family.  Watch your bank grow as your family grows as each family creates their own branch.

bank

There are proven models and systems that teach the process of using your current cash flow for finances versus the traditional methods most of us have been taught by our parents and society. Simply put, by modeling our personal finances like those of greater wealth and knowledge that have been passed down by their generations of family, we too can create and live a life known by those fortunate enough to have been included in such illustrious circles. Don’t you think it’s odd that knowledge on how to create your own family banking system isn’t taught in our schools?......nah must just be me thinking that I lived in a different world.

piggybankOk, so how does creating your own family banking system work? Here is an easy way to picture it. Imagine if you had your own grocery store. When it came time to stock your refrigerator, would you buy groceries from your own store or the one down the street? Ok, that was easy. So make the same picture in your mind just trade out the grocery store for the bank. When it came time to get a loan for a car or home, would you borrow money from your bank or from the bank down the street?

You can create your own family banking system by applying the following steps. By using available savings and cash flow to build your own “bank”. You will be able to finance items you purchase through your own “bank” with loans from your “bank” back to you. Then you would repay (yourself) “bank” exactly the same way as you would normally repay any other loan you agreed to from a bank. So if you multiply this strategy, one branch for each family, you’re essentially creating a system of banks thus increasing your family’s personal wealth.

money

Think for a moment how many items we purchase. Now think about how many of those items we purchase via credit card or loans that we pay interest on. Now think about how much money that adds up to over a lifetime. Have you ever heard of the term “old money”? Yes, I think creating your own family banking system is starting to sound like a pretty good idea.

The challenge is that the average Joe is paying about 34.5 cents of every disposable dollar to interest and we wonder why we are not saving enough money. There isn’t any left over to save! Right now American is experiencing nearly the lowest savings rate in its history. It is very comparable to what America experienced during the Great Depression.

money

 Still, most people are more concerned about earning interest than paying interest. People are fighting the wrong battle. The only way to get ahead is to get the interest you are paying lower that the interest you are saving. If you were saving 10% of your income (the U.S. average is less than 3%), that would make your ratio of paying interest to saving is 3 to 1. Isn’t it easier to float with the current than fight the current?

EmpowerSo here is the deal. I am not professing myself as a prophet of all knowing in wealth and finacial strategies, but I do know people who have this knowledge and they can walk you step by step on how to set all of this up. In addition, I have been blessed to have discovered a unique site that has allowed me to become independent of the corporate world and walk on a path of financial freedom. So here is what you need to do. To learn how to create your own family bank, follow this link and simply go through the process. In addition, if you have an entrepreneurial spirit and your tired of having a boss and you would like to take control of your freedom and destiny go to my sites Waves of Leads and my Empowerment Blog and you’ll soon discover the wealth of knowledge and leadership that is available to you that is dedicated to helping you live the life that you have always dreamed of living.


                      

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Rainmaker
828,046
David Spencer
Keller Williams Team Realty - Bloomingdale, IL
Chicago Area Commercial-Residential R.E.

I am all for people giving me money. That is what the real estate business is all about - other people's money.

Mar 17, 2012 02:12 PM #1
Rainer
122,268
Cory Barbee
San Diego, CA
Broker (760) 563-4022

Couldn't agree more!...Hope you have a great weekend!

Mar 17, 2012 03:35 PM #2
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Rainer
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Cory Barbee

Broker (760) 563-4022
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