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
bathroom cleaning service Northbrook ..In today's unpredictable global economy, you obviously never know what... Read More
How many people search Google, Yahoo and MSN each day... Read More
I have a good friend who works in an area... Read More
Key 1 Pay your self firstkey 2 Saving is not... Read More
In his best selling book, "Rich Dad, Poor Dad, Robert... Read More
This is a true story from my own experience that... Read More
What does becoming rich mean to you? Is it early... Read More
SCENE 1: Pharaoh has just woken up from a very... Read More
Okay. So money doesn't really grow on trees. Unless you... Read More
This retirement account is so new and unique that you... Read More
Giving and ReceivingIt seems that people generally find it easy... Read More
Ever think about how eating all those fast food meals... Read More
If you're reading this article, it means you are a... Read More
Everyone dreams of early retirement. The idea of no longer... Read More
There are many wealth creation strategies and investment techniques available... Read More
Living on credit is fashionable. Indulging oneself is fashionable. Saving... Read More
My First Million took me exactly 27 months to achieve.... Read More
There are many forms of investing online. While I can... Read More
I have given many prosperity lectures over the years and,... Read More
Planning for the undesired, accidents and possible unknowns in life.... Read More
There is no need to use the many middleman websites... Read More
What is the difference between wealthy people and poor (even... Read More
Have you ever had that feeling where you could not... Read More
What is your attitude towards having wealth? Do you believe... Read More
Feel like a lemming lately? Ready to follow the crowd... Read More
insured cleaning company Wilmette ..Simple tips on saving can very often make quite a... Read More
Top Investment PerformanceThroughout history, many coin collections have produced substantial... Read More
Wealth Secret 1 - Decide Your Outcome Right Now.Unless you... Read More
When you purchased your home, you most likely got a... Read More
Let me ask you a very simple question. Do you... Read More
One of the things most of us have old ideas... Read More
Six out of six people who were asked to list... Read More
This is a true story from my own experience that... Read More
Here are some thoughts about the morphing of thought and... Read More
Many of us do not consider the underlying belief system... Read More
The fact is that most people continue to work for... Read More
Hello,If you dont understand this yet, or have not heard... Read More
You know about compounding right? You understand what pyramiding your... Read More
Everyone wants to be wealthy, but most of us do... Read More
Have you ever asked yourself what your highest income producing... Read More
When young men ask me how to succeed, I tell... Read More
Turn to the year 1999, a couple of friends sitting... Read More
While you need to have a lot of positive-thought and... Read More
Although there are advantages to selling other people`s products and... Read More
A surprising number of readers want to know "Can a... Read More
You have $100 in your bank account, your rent is... Read More
Most people want to get to the end of their... Read More
As someone who loves to shop, enjoys holidays and owns... Read More
Time and time again entrepreneurs are losing out on getting... Read More
Okay. So money doesn't really grow on trees. Unless you... Read More
Wealth Building |