Infinite Banking in Florida Archives - Page 18 of 23

2019 May BankNotes

A Business Credit survey1 conducted and published in March 2016 by the Federal Reserve Banks of New York, Atlanta, Boston, Cleveland, Philadelphia, Richmond, and St. Louis reports that “cash flow” is the number one problem facing small businesses with fewer than 500 employees. At the same time a Financial Stability Report dated November 2018 by the Board of Governors of the Federal Reserve cites that business-sector debt relative to GDP is historically high and “debt has been growing fastest at firms with weaker earnings and higher leverage.”2 In essence this report insinuates that the very same cash flow difficulty also exists among the larger companies, that is, those businesses with more than 500 employees.

Blog 53 – The Impact Of Financial Mistakes

Have you ever made a big financial mistake? You’re not alone. According to a Consumer Federation of America report, 67% of middle class American consumers (those with annual incomes of $30-100,000) owned up to a “really bad financial decision”, resulting in an average loss of $23,000.

2019 March Lara-Murphy Report

I like to be precise with my terminology, and so for example I draw a distinction between being smart (knowing a lot of facts) versus intelligent (having a powerful mind). In the same vein, I do not throw around the term genius lightly.

Someone could be very smart and very intelligent, but to be a genius you have to be a creative inventor. You have to produce new ideas and frameworks, which others will then argue over and refine.

The recently deceased R. Nelson Nash was smart and intelligent, but he was also a creative genius. He looked at dividend-paying whole life policies, and in particular their standard feature of policy loans, and realized, “That’s not merely an asset that provides a death benefit. It’s also a cashflow-management device that allows you to free yourself from bondage to commercial bankers.”

Where others saw merely protection, Nelson saw a way to become your own banker.

Blog 51 – Presentation To The 2019 Nelson Nash Institute Think Tank – February 7, 2019

On February 7, 2019, I was invited to speak at this years Nelson Nash Institute’s Annual Think Tank. It was my pleasure and my honor to be given this opportunity. Below is my presentation.
The Long Road To IBC: Sheer Persistence Guarantees Success

2019 February Lara-Murphy Report

HOW TO SECEDE FROM OUR CURRENT MONETARY REGIME ONE HOUSEHOLD AT A TIME: BY L. Carlos Lara Lara’s address to the IBC Think Tank, explaining the 3-fold purpose behind our goal of Building the 10%.

2019 March BankNotes

A Closer Look At Businesses Part I: By L. Carlos Lara
[Reprinted from the November 2018 edition of the Lara-Murphy-Report, LMR]
According To The Kauffman Index of Startup Activity1 the share of new entrepreneurs who started businesses to pursue opportunity rather than from necessity is now up more than 12 percentage points higher than in 2009 at the height of the Great Recession. This of course is a very encouraging nationwide trend and I extend my admiration to all those individuals who have ventured out into an endeavor where only about half survives the first five years in operation. Obviously, by any measure, these are certainly not great odds so I also applaud their courage and their desire to start their very own enterprise.

2019 February BankNotes

George Washington’s State of the Union Address Holds Lessons for the 21st Century: by Lawrence W.Reed
It was a time when government knew its limits and its proper place, and the people did too.
A few million people will be watching when President Trump delivers his State of the Union Address to a joint session of Congress on January 29. I doubt I’ll be one of them. The last State of the Union I watched from start to finish was literally 30 years ago, and I don’t feel the least bit deprived— intellectually, spiritually, or otherwise.