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Posted by: Tessa - 12-05-2017, 01:12 PM - Forum: Giving to Charities - No Replies

Giving the amount, foods, dresses, and other thinks of help to poor people, Help to some organisation, Poor peoples are get more benefit for this charity fund. Essay writing is mandatory task for all the students. In certain case college paper writing servicewill had experience writers. They will help to make essay to your need and requirements. But not all online writing resources are good and genuine.

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  Impact of Sudden Wealth
Posted by: it-man - 11-24-2015, 01:37 AM - Forum: Miscellaneous - No Replies

I have attached a PDF that contains an interesting article on the impact of "Sudden Wealth". I think you will find the article interesting and helpful.


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.pdf   SpendingTimeOnSuddenWealthWellsFargo.pdf (Size: 170.28 KB / Downloads: 575)
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  Using Legal Entities for Asset Protection
Posted by: it-man - 10-16-2015, 03:04 AM - Forum: Things the Wealthy Do - No Replies

Before getting into the meat of this article, I'll share a little about my background. I have spent over 20 years researching and using various types of legal entities. I have tried a number of different types of entities and studied many other types. For the last 17 years, I have used legal entities in my daily life. I am not an attorney and I am not giving anyone legal advice. I am only sharing what I have learned.

The United States is perhaps the most litigious country in the world. We have more lawyer per capita than any other country. Many of these lawyers are looking for work and many of them will take on a lawsuit on a contingency basis. This means that they only get paid if they win the lawsuit. Filing a lawsuit is one of the main methods people use to take assets away from you. It is not clear how long the current environment will continue to exist as Earth ascends. But as long as the current environment exists, using legal entities to protect assets is a good idea.

Legal entities (for the rest of this article I'll just call them entities) have been used by the wealthy for hundreds of years to preserve, manage and pass on their assets. Here are a few reasons people use entities:

  • Privacy. By placing assets into various entities, it is hard for people to discover what you own or control. Privacy is your first line of defense for asset protection. If a lawyer can't find that you own any assets, he is far less likely to sue you on a contingency basis.
  • Control vs. ownership. This idea can be stated as “own nothing and control everything”.You do not have to own an asset to enjoy its benefits. When an asset is owned by an entity and you control the entity, you can enjoy the benefits of the asset without owning it. If you own it, you can be sued and you can loose the asset if you loose the law suite.
  • Hold assets. Assets can be separated across many entities – one entity per major high liability asset (land, vehicles, etc.). Another way of stating this principle is, "don't keep all your eggs in one basket". By following this principle, if any one entity comes under legal attack, the only assets that can be lost are the assets held by that entity.
  • Limit personal liability. Every entity is considered to be a “judicial person” in the eyes of the law. You personally are not held liable/responsible for what the entity does and the entity is not held liable for what you do. So if someone sues and entity, you are not responsible for any damages.
  • Tax advantages. Entities can take deductions and thereby reduce the overall tax burden. In some cases, entities can be used to legally and lawfully reduce or eliminiate taxes.
  • Estate planning. Entities can be used to pass on assets to your heirs without probate and death taxes.
I have already mentioned the term “judicial person” but what is a “judicial person”? The law and courts treat a “judicial person” or entity the same a “natural person”. An entity is separate from you, the owner or manager. Black's Law Dictionary defines a judicial person as “Entity, as a firm, that is not a single natural person, a human being, authorized by law with duties and rights, recognized as a legal authority having a distinct identity, a legal personality. Also known as artificial person, juridical entity, juristic person, or legal person. Also refer to body corporate.” So, an entity you create is separate from you.

You might wonder what an entity can do. In short, an entity can do almost anything a natural person can do. It can own and operate a business, open bank accounts (checking, savings, with debit cards), make loans or take out loans, own assets (vehicles, real property, precious metals, currency, collectables), open a brokerage account and engage in passive investing, do charitable giving, etc. If you properly structure your life with entities, you can conduct all of your affairs using entities rather than doing so in your own name.

There are many types of entities that one could use to protect assets. Here are a few that you might be familiar with.
  • Trusts – contract trusts or dozens of types of statutory trusts
  • Corporations – C corporation and S corporation
  • Limited Liability Companies (LLC)
  • Non-profit Corporations
  • Foundations
  • International Business Company (IBC)
  • Partnerships, Limited Liability Partnerships, and many more
My earliest experiences with entities was C and S corporations. C corporations have existed since the 1600s. They are commonly used to operate medium to very large businesses especially when the company want to allow their stock to be publicly traded. C corporations have owners (called shareholders), a board of directors, managers and employees. They pay taxes on their profits and can take deductions to reduce their tax burden. C corporations do experience double taxation because the corporation pays taxes on its profits and the dividends it pays to the shareholders are also taxed. Many large companies have gotten so good at using deductions that they pay no taxes. From my perspective, a C corporation is most useful when you want the stock to be publicly traded or if there will be lots of owners. C corporations can be expensive to create and they can be complex to run.

S Corporations were first created in 1958. They are typically used by smaller businesses. Like a C corporation, they have owners (shareholders), a board, managers and employees. They have stock but it is not publicly traded. From a taxing perspective, S corporations are usually treated as a partnership and the profits flow through to the owners and the owners pay taxes. So S corporations do not have the double taxation that exists for a C corporations. From my perspective, I would use an LLC rather than an S corporation.

A trust is a three party contract between a settler/creator, one or more trustees, and one or more beneficiaries. The settler/creator is the person who creates the trust and puts the initial assets into the trust. The trustee runs the affairs of the trust – opens bank accounts, keep minutes, writes checks, makes investment decisions, etc. The beneficiary is the one how receive the benefits of the trust. Trusts have existed since the 1200s. Trusts can be divided into two broad categories: statutory and contract. There are many different types of statutory trusts. They are authorized by the statutes in the various states. You should consult an expert in trusts if you are interested in this type of trust. The right to create a contract trust comes from the US Constitution which guarantees our unlimited right to contract. From my perspective, the biggest drawback on trusts is that according to long standing trust law, you can't hold all three positions in a trust (settler/creator, trustee, and beneficiary). In most cases you would be the one who created the trust and you want to be the beneficiary. This means someone else has to act as the trustee. Many people have lost their fortunes when a trustee disappeared with all the money.

LLCs were first authorized in Wyoming in 1982. So an LLC is one of the youngest types of entities. LLCs are now accepted in all 50 states. LLCs have one or more members rather than owners, and they have units rather than shares. LLCs are run by one or more managers which can either be the member(s) or someone appointed by the member(s). LLCs can have employees or not, as needed. LLCs are easy and inexpensive to set up and run. In most cases, an LLC is treated like a partnership which means it is a pass-thru where the profits and tax liability flow to the member(s). The IRS treats single member LLC as a “disregarded entity” which means that the LLC does not have to file a tax return but the member files the tax return and claims any profits that may exist. In some states, you can set up an LLC for as little as $150.

Non-profit corporations can be created and are most often used for charitable purposes. There are two common ways to set up an non-profit. The most common method is to form a regular C corporation and apply to the IRS for tax exempt status under section 501©(3) of the Internal Revenue Code. The second, method is to create an non-profit in certain states and then operate under section 508 of the Internal Revenue Code which recognizes an exclusion for certain types of organization. This second type of non-profit is rather unique. From this point forward, this is the only type of non-profit that will be discussed and it will be called an NPC. The NPC has no owner but does have a head officer who controls everything. This head officer can be called a variety of names such as president, director, overseer. This type of NPC has existed for about 400 years. There is some evidence that the British monarchy (head officer is called the “Crown”) uses this type of entity. The Catholic Church commonly uses the NPC for their Bishops. The reason this type of NPC can exist is because of the First Amendment to the US Constitution which guarantee of religious freedom. At last count, there were 15 states where this type of NPC can be created. It is a common practice for this type of non-profit to pay the personal expenses of the head office holder. It costs about $150 to $250 set up an NPC.

Many people may want to keep their life simple after the Global Currency Reset (GCR). In my opinion, your life will become more complicated when you have significant assets. You will need to know more and take on some new tools to effectively run you affairs. The area of creating and using entities is one major area of your life where you will need to learn and grow. Many people might be tempted to just hire a lawyer to set up the legal entities they believe they will need. But I have seen this strategy backfire on people. You will not be able to have an intelligent conversation with a lawyer about your needs unless you have a fairly good understand of various types of entities, and the advantages/disadvantages of each type. I have seen people completely rely upon a lawyer to create an LLC only to find out that it did not meet the their needs the way it was set up. Most people think lawyers perform some sort of magic. But when you analyze what a lawyer does, you realize that all they do is sell words. With some study and work on your part, you can set up entities yourself or at least understand the entities well enough that you can make sure the lawyer sets them up properly to meet you needs. 

In the rest of this article, I will be discussing two types of entities: LLC and NPC. I won't tell you how to create these entities in this article but I will continue to give you background information. At the end of the article, I'll give some links that will provide the details on how to create the LLC and NPC yourself at a very low cost. If you don't want to set up these entities yourself, at least you will be better able to talk to a lawyer about what you want. I should also mention that there are very few lawyers that know how to create the NPC that is being discussed here.

The assumption I am making is that most of the future activities you might want to engage in can be managed by using LLCs and NPCs. The LLCs can be used to hold assets (land, vehicles, etc), do investing and operate a business. The NPC can be used for charitable giving and to own the LLCs. If you plan to operate a very large business, you might need something other than an LLC or NPC. If this is the case, seek experienced legal and financial advice. 

Entities are created within a legal jurisdiction. In the US, each state has separate legal jurisdiction for the purposes of creating entities. Each state has its own rules (statutes) for creating entities. To create an LLC, I have found that New Mexico and Missouri have very good statutes. Both states provide excellent privacy, low setup cost and do not require any annual filings to maintain the entity. New Mexico does not allow you to create the LLC online but Missouri does offer this service. You can create an LLC in Missouri in under 30 minutes. To create an NPC, I have found that the statutes in Arizona to be very favorable. Arizona does not offer online creation. Arizona does offer online name reservation and annual report filings.

Picking the best jurisdiction where the entity is created depends upon the purpose for the entity. If you are going to operate a business within a single state using an LLC, I would suggest that you create the LLC in the state where the business will operate. If you are going to operate a business in multiple states, seek legal advice on the type of entity and the best state in which it should be formed.

If you need an entity to hold assets, you should be safe using an LLC in Missouri. This is a special case because the LLC can be thought of as a holding company. Most states have statutes that define the requirements to register an entity in their state. In most cases, if the entity is “doing business” in the state, it must register in the state (either be formed in the state or register as a “foreign” entity). These statutes list what is not included as doing business. Here is a list of some (not all) of the activities that are excluded from “doing business”: (1) holding meetings of its directors or shareholders, (2) maintaining bank accounts, (3) maintaining offices or agencies for the transfer, exchange, and registration of securities, (4) voting the stock of any corporation which it has lawfully acquired, (5) effecting sales through independent contractors, (6) creating as borrower or lender, or acquiring, indebtedness or mortgages or other security interests in real or personal property, (7) transacting any business in interstate commerce. It would be a good idea to look up how your state defines “doing business”. You can see from this list, that if your entity is a holding company, the activities is likely to do will not quality as “doing business” in your state.

In general, you must keep your business affairs separate from your personal affairs. Businesses do not normally pay personal expenses. If you violate this rule and are ever sued or audited, it can result in some real problems that may cause a financial setback. A court can rule that business is an alter ego of you. This is sometimes called piercing the corporate veil. On the other hand, businesses can pay the expenses associated with running the business. For example, if a company owns a car the company can pay for the insurance and maintenance costs. These expenses reduce the tax liability of the business. This is by no means all you need to know about this concept. If you create one or more entities, you will need to thoroughly understand this concept.

I highly recommend having a private mail box to act as the business address for your entities. This will greatly enhance your privacy. Good places to look for private mail boxes are UPS and Pack & Ship type stores. Shop around in your area because there can be a significant difference in price from one place to the next. One big reason I suggest using a private mail box is because you must have a street address to get a tax ID number from the IRS (the IRS won't accept a PO box). It is best to rent the private mail box before you create the entities. You can use the same private mail box for multiple entities.

If you form an entity in a state where you do not reside, you will need to have a registered agent in the state where the entity is formed. A registered agent is listed as the contact person for the entity. If anyone needs to provide legal service (notify that a lawsuit has been filed), it is sent to the registered agent who in turn forwards it to you. The registered agent charges an annual fee for their service. A common fee is about $100 per year. I like Incorp Service, Inc. (https://www.incorp.com) because they provide services in every state.

Here is a summary of the steps required to create an LLC in Missouri:
  • Check the Missouri state website to find a name that is not already used. The name should be nondescript (it should not contain your name or the names of any of your family members). Nondescript names would be something like Eagle Holdings LLC, Mammoth Holdings LLC, Excursion LLC, XYZ LLC. It normally takes less than 30 minutes to find a unique name that is not already being used.
  • Using the Incorp Services' website, order registered agent service for the LLC in Missouri. The first time you use Incorp Services, you will create an account with them. You will use this account to pay your annual service fee for an entity and to set up each new entity. It takes less than 20 minutes to register with Incorp Services.
  • Using the Missouri state website, file the LLC which will create Articles of Organization and a Certificate of Organization. Save a copy of these documents for your records. It takes less than 20 minutes to create the LLC.
  • Create an Operating Agreement based upon a template using a word processor. It will take less than an hour to customize the template with the information for your LLC.
  • If a bank account is needed, get an employer ID number (EIN) from the IRS.
Here is a summary of the steps required to create an NPC in Arizona:
  • Check the Arizona state website to find a name that is not used. The name should be nondescript. See suggestions on nondescript names above. You may want to reserve the name you want to use since it can take several weeks to get the NPC registered.
  • Using the Incorp Services' website, order registered agent service for the NPC in Arizona.
  • Get a Statutory Agent form from Arizona and fill it out. Scan the form and email it to Incorp Service so they can sign it. Incorp Services will email the signed form back to you. This form will be part of package you will mail to Arizona. This process can take a day or two.
  • Create an Articles of Incorporation based upon a template using a word processor. You will need the registered agent address that Incorp Services will provided. This process takes about an hour.
  • Fill out the Arizona Cover Sheet for your filing request. This takes less than 30 minutes.
  • Fill out the Arizona Certificate of Disclosure form. This takes less than 30 minutes.
  • Mail all the forms to Arizona along with payment. Wait for forms to be filed. The amount of time this takes depends upon how much you are willing to pay. Arizona offers an expedited service which takes about a week and normal service that takes about a month.
  • Arizona requires that you publish the existence of your NPC in a newspaper of record. This takes about 3 to 4 weeks. When the newspaper is finished with the required publishing, Arizona will be notified and then your registration process will be completed.
  • If a bank account is needed, get an employer ID number (EIN) from the IRS.
  • Arizona requires that the NPC file an annual report in order to remain in good standing. This can be done online in under 30 minutes. The annual report verifies the contact information for the responsible parties for the NPC.
If you need to open a bank account for your entity, you will need to get an EIN from the IRS. An entity that just owns other companies wouldn't need an EIN or a bank account. The first time you create an entity, you will have to give your SSN as the owner or responsible person on the EIN application. The IRS has a form to change the responsible person later if you so choose. Once you have one entity with an EIN, you can use that entity's EIN to get an EIN for other entities it owns and this enhances your privacy. If you are planning on creating an NPC and an LLC, I would suggest getting an EIN for an NPC first and then use the NPC's EIN as the responsible person when applying for the EIN for the LLC. There are several methods that can be used to submit an EIN application: online which takes less than 30 minutes, via fax which takes about a week and via US mail which takes 4 to 6 weeks.

Any entity you create that will handle money will need a bank account. You can use a local, regional or nationwide banks. If you are opening an account for an entity that was created in another state, you may find it easier to use a regional or nationwide bank. Banks that operate in only one state may be reluctant to open a bank account for an entity created in another state unless you take the extra step of cross registering the entity in the state where you reside. In some cases, you will loose a lot of your privacy if you cross register the entity in the state where you reside. If one bank refuses to open an account, go to another bank or even another branch for the same bank. To open an account for an LLC, you will need to show the banker the Operating Agreement, Certificate of Organization from Missouri and the EIN. To open an account for an NPC, you will need to show the banker the Articles of Organization, Certificate of Good Standing from Arizona and the EIN.

It is customary for entities to hold meetings and to record the decisions that are made in the meeting on minutes. Meetings and minutes should be created at least yearly for each entity. Special meetings can be called to when important decisions need to be made before the next annual meeting. The meeting minutes demonstrate to any outside party that the entity is being operated as a separate “person” from you, not an alter ego. Some sample minutes are provided for the LLC and NPC on the web pages shown below.

The details of how to create an LLC and an NPC are too lengthy to include in this article. I have created a web based page where I have posted the full details needed to create an LLC in Missouri. Click here  to see all the details. This page doesn't tell you everything you need to know to operate the LLC over the long term, so you will need to do some additional study on your own. I suggest the book Limited Liability Companies For Dummies” by Jennifer Reuting. The web page has some audio files that provide more information on using LLCs. After displaying the web page, download all of the files and study each file. The web page has a "Read Me First" text file that contains an explanation of each file on the page. The files include the template for the Operating Agreement and sample minutes.

I have created another web based page where I have posted the full details needed to create an NPC in Arizona. Click here to see all the details. The page has some audio files that teaches more about the NPC. The web page explains some very attractive tax advantages that this entity possesses. This page tells you everything you need to know to operate it over the long term. After displaying the web page, download all of the files and study each file. The web page has a "Read Me" text file that contains an explanation of each file on the page. The files include the temple for the Articles of Organization and sample minutes.

I hope you find this information helpful.


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  What will happen in Germany
Posted by: Paddi - 09-29-2015, 09:44 PM - Forum: 5D Investing for Profit - Replies (3)


Im new at this Forum.
Im from Germany and want to know what will happen with the €uro?

Im sorry to write it here, but i cant open a new Topic, se please replace if you can or want.


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  Overview of Effective Investing Strategies
Posted by: it-man - 09-17-2015, 06:53 PM - Forum: 5D Investing for Profit - Replies (1)

This article is a review of the Tony Robbins book “MONEY: Master the Game”. My objective in this article is to share the key points I found in the book-- not to give you all the details about the key points, because that would make the article too long. I intend to point out the sections of the book that I found most helpful, so you can read those sections yourself.

Before beginning the review, I would like to share my point of view about investing and money matters. I find these subjects to be a low-frequency topic. For much of my life, I have viewed money as a tool used by the Illuminati to control the masses. It seems to me that the Illuminati have attempted to control most of the money themselves, keep it out of the hands of the masses, and then use the money to amass great power for themselves. There is no judgment in this view because this is the game we have all agreed to play here in 3D. 

I, like many of you, am looking forward to a time when money will no longer be necessary. However, at this point in time, there is no way to know how long the transition to such a society will take. Perhaps it will take 5 years, 30 years, or even longer. As long as we live in the current 3D reality, we will need to use money. The book is a valuable source of education on how to invest money so it works for you--and you are free to spend your time as you see fit.

I have two overall impressions of the book. First, there is a lot of very good information in the book that I believe will be helpful to anyone who wants to invest their money. I would recommend the book to anyone interested in investing. Second, the book is very long, over 600 pages. It will take a lot of time to read the whole thing. The author's writing style contains a lot of what I call “fluff." I suspect that if someone had wanted to “just cover the facts,” the book could have been much shorter. 

In the rest of this review, I will share the material in the book that I think would be most helpful in deciding how best to invest your funds. I assume that you will have a lump sum of money to invest after the GCR occurs. In contrast, much of the material in the book is meant for those who  accumulate money to invest over an entire lifetime of working and saving. Thus, I will ignore the material in this review that does not fit the lump-sum investment scenario.

Chapter 2 covers 9 myths that are common in the investment industry. The chapter, and most of the book, is broken down into sub-chapters. Each sub-chapter covers one of the myths. 

Myth #1 says “invest with us and we’ll beat the market.” Many financial advisers will try to convince you that if you follow their advice, your investments will outperform the overall financial markets. The performance of the markets is usually measured by various Indexes. The S&P 500 is one such Index. It doesn't matter whether you are talking about Mutual Funds, individual stocks, or bonds, very few financial advisers recommend investments that will perform better than these Indexes. There are a small number of advisers that regularly beat the markets, but these are probably outside our reach (they are either closed to new clients or they require a net worth higher than most of us are likely to possess). So rather than trying to beat the returns of the market, the best advice is to invest in low-cost Index Mutual Funds, which are made up of the investments tracked by the various Indexes.

Myth #2 claims “our fees are a small price to pay.” Most people invest using Mutual Funds made up of a lot of different stocks, bonds, commodities, etc. The good thing about Mutual Funds is that they reduce risk by diversifying the portfolio across a lot of investments. There are two broad categories of Mutual Funds: Indexed Funds and Managed Funds. The Indexed Funds invest in the same mix of assets that is held by the Market Index they are modeled after. These funds usually have very low fees and their performance will track very closely to the Index they are modeled after. The portfolio of Managed Funds is picked by the fund managers. These Funds have fees that are 10 to 30 times higher than Indexed funds. So the fund managers are paid these fees no matter how the fund performs. The fund managers would have us believe that they are so good at what they do that the portfolio will outperform the market as a whole. Analysis of these funds shows time and again that, their claims simply are not true. You are far better off to invest in Indexed Funds because they will on average perform better than Managed Funds and have much lower fees.

Myth #3 alleges “our returns, what you see is what you get”. The truth is that the returns reported by Mutual Funds aren't actually earned by investors. There are a lot of reasons why this is true and the chapter goes into all of the reasons. You can cut through the claims by going to www.moneychimp.com/calculator/discount_rate_calculator. This website will show you exactly what the actual return is on your money over that period of time-- if you know the amount you started with in your investment and how much you have now.

Myth #4 says “I’m your broker, and I’m here to help.” This chapter describes the difference between a broker and a financial adviser (Fiduciary). A broker makes recommendations on what you should buy to achieve your goals. However, in many cases, the broker will earn a commission when you make the purchase. This means their advice can be influenced by what they get from the transaction. Their recommendations don't have to be the best product available, or even represent your best interest. All they have to do is provide you with a product that is “suitable,” meaning it meets the general direction of your goals and objectives. A Fiduciary on the other hand, gives you conflict-free advice. They are paid for the advice they give. By law, they must remove any potential conflicts of interest and put the client's interest above their own. The National Association of Personal Financial Advisers (NAPFA) is a trade association for fiduciary advisers. Their website, http://findanadvisor.napfa.org/home.aspx, allows you to search the country for fee-only fiduciary advisers. The chapter offers some guidelines for selecting an adviser. Stronghold Financial, a fiduciary adviser company, has created a website, http://www.StrongholdFinancial.com, that will analyze your current investments, assess how much risk you are taking, quantify the true fees you are paying, and suggest a new asset allocation strategy. The service provided by Stonghold's website is free, while most advisers would charge $1000 or more for this same service.

Myth #7 says “I hate annuities, and you should too.” There are many types of annuities. An annuity is a product, usually offered by an insurance company, designed to provide an income stream over some period of time. Some well-known financial authors say all annuities are terrible investments. It is a mistake to lump all annuities in the same bucket. The first annuities were created over 2000 years ago when Roman citizens deposited money into a pool. Those who lived longest would get increased income payments, subsidized by those who didn't live as long. In modern times, the concept works the same way. The book discusses all the major types of annuities offered today. The author does not recommend variable annuities because they are based on Managed Mutual Funds that have very high fees and under-perform the market. If you want a variable annuity, Vanguard and TIAA-CREF offer extremely low-cost variable annuities with a list of low-cost Index Funds to choose from. Later chapters in the book (5.3 and 5.4) cover traditional income annuities and Fixed Indexed annuities, which the author recommends as a means of generating income for life.

Myth #8 would have us believe “you gotta take huge risks to get big rewards!” Nothing could be further from the truth. The most successful investors don't speculate with their money. Warren Buffet's top 2 rules: Rule 1 - don't lose money; Rule 2 - see Rule 1. The top investors look for opportunities that provide an asymmetric risk/reward-- where you risk a little but make a lot. Only foolish investors try to make a big return with no downside protection. Smart investors also look for ways to make money when the markets go up and lose nothing when the markets drop. These objectives can be achieved with these types of investments: structured notes, market-linked CDs, and Fixed Indexed annuities. The book explains each of these investments.

In chapter 3.1 the author talks about five levels of financial health: financial security, financial vitality, financial independence, financial freedom, and absolute financial freedom. He describes what can be achieved at each level and he provides tools to help compute the amount of money needed to live at that level. 

Chapter 3.1 also discusses how to live the lifestyle you desire. There are 6 basic human needs that drive our behavior: Certainty, Uncertainty/Variety, Significance, Connection/lLove, Growth, and Contribution. The trap that many people fall into is using money to meet the Significance need. The discussion was helpful as it challenges the reader to think about the lifestyle he/she wants to live, and what is necessary to live that lifestyle, rather than using the money to fulfill a need to feel Significant. Here are a couple of examples: rather than buying a new private jet for $65 million, you can charter a jet for $2,500 an hour. Rather than buying a private island and building a resort for $40 million, you could lease a villa on a secluded island $350,000 for a week.

There is a section in chapter 3.5 that discusses what the author calls “Money Power Principal 4,” which states “tax efficiency is one of the simplest ways to continuously increase the real returns on your portfolio.” I found the discussion in this section worthwhile. 

Chapter 3.7 talks about ways to change your life and lifestyle for the better. The author discusses a number of interesting ideas for saving money while still living the lifestyle you desire. He recommended an article that talked about the best places to retire on $75/day, http://money.usnews.com/money/retirement/articles/2013/10/15/the-best-places-to-retire-on-75-a-day?int=a20409. He also pointed out the seven states in the US that do not have a state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. He also suggests living in places like Bali, Fiji, Uruguay, and Costa Rica, where you can improve your lifestyle and lower your expenses.

Chapter 4.1 discusses asset allocation, which is the most important investment decision you will make in your life. It is more important than any single investment you will make. There are only three tools you can use to reduce your risk: security selection (stock picking), market timing, and asset allocation. Asset allocation is by far the most important of these three tools. Asset allocation is your long-term strategy for diversified investing and it is how you stay wealthy. It is more than diversification. It means dividing up your money among different asset classes or types of investments (i.e. stocks, bonds, commodities, or real estate) and in specific proportions that you decide in advance. Reading this chapter will not tell you what strategy you should use for asset allocation, but it will thoroughly explain the concept.

Chapter 4.2 talks about risk and growth of your investments. Earlier in the book the author had talked about dividing your assets into various buckets: Security, Risk/Growth, and Dreams. The Risk/Growth bucket is where most of your risk and growth will be. The author talks about the various asset classes that belong here. I found the entire chapter worthwhile. One gem in the chapter described a sample portfolio that was used to grow Yale's endowment funds from $1 billion to $23.9 billion. He also gives a link to a website where you can judge your own risk tolerance, http://njaes.rutgers.edu/money/riskquiz. The biggest take-way from the chapter is: it is the kiss of death to put all of your money in the Risk/Growth bucket.

Chapter 4.4 talks about timing of investments. From my perspective, the best part was the discussion of the relative merits of “dollar-cost averaging” vs lump-sum investing. This is a rather detailed discussion but definitely worth the read. Another key concept covered is, re-balancing your investments across the asset classes every six or twelve months.

Chapter 5.1 was perhaps my favorite part of the book. It describes the “All Season Portfolio” created by Ray Dalio, the founder of Bridgewater Associates, the largest hedge fund in the world. This portfolio has produced an average return of 9.88% from 1974 through 2013. It is relatively safe by earning positive returns 85% of the time over those 40 years. It has had only six years wherein it lost money during those 40 years – the average loss was 1.47%. It has very low volatility, with the worst loss during the 40 years only 3.93%. This strategy states that there are only four possible market environments: higher-than-expected inflation; lower-than-expected inflation; higher-than-expected economic growth; and lower-than-expected economic growth. The problem is that no one knows which condition will hit the market next. The All Season Portfolio is designed to do well in all four of these conditions. The chapter explains all the details of this Portfolio and what investments are used with it. Chapter 5.2 describes how this Portfolio has performed in various market conditions. These two chapters were worth the price of the book.

Chapter 5.3 and 5.4 discuss how to use annuities to create a guaranteed income for life. Annuities have significant advantages. Your deposit is 100% guaranteed (you can't lose your money and you retain total control). You account value growth is tied to the market-- so you get gains from the market going up, but you will not lose a dime if the market goes down. They provide tax-deferred growth. Your income payments can be made tax-free, if structured correctly. There are no annual management fees. Immediate annuities are for those who want to make a lump-sum payment and get an income for life. Deferred annuities are for those who want to make a lump-sum payment or payment over a period of time, and who want to start receiving the life-time income at some future date. There are three types of deferred annuities: Fixed annuity, Indexed annuity and Hybrid “Indexed” annuity. A good place to educate yourself about annuities is http://lifetimeincome.com.

Chapter 5.5 talks about private placement life insurance (PPLI). These policies offer some amazing benefits: unlimited deposit amounts; no tax on the growth; no tax when accessed (if structured correctly); and any money left over for your heirs cannot be taxed. In order to access PPLI, you normally have to be an Accredited Investor, which usually requires an annual deposit of $250,000 for at least four years. TIAA-CREF now offers a PPLI to a non-Accredited Investor with as little as a few thousand dollars to invest. You can learn more by visiting their website, http://www.tiaa-cref.org/public. It appears that the PPLI is a whole-life insurance policy. A better solution might be the 770 Account, which you can read about on this post,

Chapter 7.2 shifts the focus away from money and talks about how we can make decisions that determine the quality of our lives. The author says there are three key decisions we make every moment that determine our life quality: 1) What are you going to focus on?  2) What does that mean?  3) What am I going to do? He describes each of these questions and the implications they have. He closes the discussion of the three questions with a simple exercise you can do each day to improve your emotional state. I found this material interesting and helpful. 

Chapter 7.3 talks about ways that money can be used to make you happier. The author mentions three key points from the book "Happy Money: The Science of Smarter Spending" by Elizabeth Dunn and Michael Norton. First, money can be used to invest in experiences such as travel, learning a new skill, or taking some courses, rather than acquiring more possessions. Second, money can buy time for yourself by outsourcing your most dreaded tasks. Third, you can use money to invest in others, which makes you happy. A lot of time is devoted to the third use of money and I found the material was worthwhile. 

In closing, I would highly recommend the book. I hope this review will save you time by pointing out the sections that may be most helpful to you. 


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  Money and the Law of Attraction
Posted by: Amma-la - 09-12-2015, 08:52 AM - Forum: Blocks to financial well being - No Replies

Once you are able to achieve and consistently maintain your personal alignment, a great deal of money will flow into your experience (if that is your desire).
Do not let others set the standards about how much money you should have— or about what you should do with it— for you are the only one who could ever accurately define that. Come into alignment with who-you-really-are, and allow the things that life has helped you to know that you want to flow into your experience.
Excerpted from: Money and the Law of Attraction on August 31, 2008

Our Love,
Esther (and Abraham and Jerry)

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  Request For Emergency Assistance form
Posted by: it-man - 08-18-2015, 05:54 AM - Forum: Moderator suggestions on sharing and other topics - No Replies

The forum moderators have prepared a document we call the "Request For Emergency Assistance form". This form is designed to be used by those who want to help individuals with their financial needs. The idea is that when someone needs help, you give them the form to complete and return to you. The information they provide should help you determine how much help they need, the areas where they need help and how soon they need it.

The form is intended as a sample which you customize to suit your own needs. You may find that there are questions which you do not want to include or questions that you want to add. You need to decide which questions you will require an answer to and which questions are optional. You may want to indicate which questions are required. As an alternative, you may choose to negotiate with each person regarding which questions require an answer.  

The sample form is attached below. Download the form to use it. 

Attached Files
.doc   RequestForEmergencyAssistanceForm.doc (Size: 16.5 KB / Downloads: 774)
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  Evaluating charities
Posted by: it-man - 08-11-2015, 12:11 AM - Forum: Giving to Charities - No Replies

Not all charities are created equal. It is unrealistic to assume that most of the money given to a charity actually goes to the cause they promote. Some charities spend an major portion of what they receive on salaries, and administrative overhead. Here are some websites that evaluates and rates charities:

  • http://www.charitynavigator.org/
  • http://www.givewell.org/
  • https://www.charitywatch.org/
  • http://give.org/
These websites have a wide variety of resources on charities. All of them evaluate and rate charities but each site uses their own rating scheme. Some of the site have interesting and helpful articles about giving to charities. 

If you have found other resources or website that evaluate charities, please post what you found on this thread.


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  How to anonymously give money
Posted by: it-man - 08-10-2015, 11:32 PM - Forum: Giving to Individuals - No Replies

There are many reasons why you might want to give anonymously. Some people are too proud to accept help from people they know. You might want to protect your own privacy. Giving anonymously avoids any pride on your part and expecting thanks from the person receiving the gift. 

If you are mailing your anonymous gift, the post mark of where it was mailed can give the recipient a clue where the gift came from. To get around this problem, there are some companies that offer anonymous mail services. A couple of them are: http://remailing.us and http://rapidremailer.com/. There may be other services like this as well. I don't have any personal experience with this service, so do your own due diligence investigation before using these services. 

If you are mailing the gift, you can make the source somewhat anonymous by leaving the return address blank on the envelop. First class US mail does not require a return address. As an alternative, you can put the recipients address as the return address. 

If you are going to do a lot of anonymous giving via the mail, you might consider getting a PO box or private mail box and use it as the return address. On the return address, DO NOT put your name. One reason you might want to use this idea is in case the person you send the money refuses the gift. In this way, they can return it to the sender without knowing who sent the money. 

Here are some suggested approaches on how you can give money to people anonymously.

Create an alter-ego email address and give through PayPal. This may sound strange, but most online sites only require a valid email address and proper bank information (account number or card number). By using an email address not tied to your name, you fulfill those requirements while remaining anonymous to the person receiving the money. You might just create a Gmail account with the name that is not tied to you, then send the money through PayPal.

Use a money transfer services. The most well known service is WesternUnion.com, but there are others, like Xoom.com. Each of these services allows you to transfer money to someone anonymously. The best way to do this is to simply transfer the money directly to the other person’s account. You can have money ready to be picked up or sent to their address, too, but this might tip the person off if you are close.

Have a third party deliver cash. Obviously, this needs to be someone who is trusted, but you can simply ask someone you trust to give someone money on your behalf. This is hard to do without being “found out,” but if you choose someone the other person or company does not really know, it can work. And, of course, you want to send cash (or a gift card). 

Pay for a stranger. There are lots of ways you can pay for something for another person you don't know. Here are some examples. You could be in a restaurant and tell your waiter or waitress that you want to anonymously pay for the meal of someone you see in the restaurant. If you are in the drive-through for a fast food restaurant, you could give the cashier $100 and say you want to cover the meals for the next several people. You can be in the line at the grocery store and give the cashier say $500 extra to pay for the groceries of the next few people in line.  You could go to a store where you shop and make arrangements with the lay-away department to pay off the purchases of several random strangers. The ideas on how to do this are limitless as your imagination. 

Form or join an anonymous giving group. Several people can pool money together to give to others in their community. Either join an existing group or form one of your own. If you want to give to someone specifically, have someone else in the giving group handle sending the gift. The giving group may want to get a private mail box or PO Box and open a bank account to make the giving easier. Those sending money for the group can tell the recipients that the group's policy is not to reveal who gave the gift. 

Send a cashier's check. In order to be anonymous, the cashier's check should not have the remitter's name on it and some banks do this for you. Have the bank make out the check in the name of the person receiving the funds. Mail the check in an envelope without a return address on it or a return address to a PO box or private mail box. Cashier's checks can be made out for almost any amount.

Send a money order. In order to be anonymous, the cashier's check should not have the remitter's name on it and some banks do this for you. Fill in the name of person to receive the funds in the payee field. Mail the check in an envelope without a return address on it or a return address to a PO box or private mail box. Money orders are usually $1000 or less. 

Send a pre-paid credit card. You can buy a pre-loaded credit card and mail it to the person. Be sure to include a note telling how much money is on the card. Mail the check in an envelope without a return address on it.  One disadvantage to this approach is that it is just like sending cash which means that anyone who has the card can use it or a return address to a PO box or private mail box.  

This list of ideas is not meant to be exhaustive. Feel free to post your own suggestions on this treat.


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  Using Ho'oponopono to clear emotional pain
Posted by: it-man - 08-10-2015, 09:54 PM - Forum: Blocks to financial well being - No Replies

The Basics of Ho’oponopono is that we take 100% responsibility for whatever comes into our experience, whether it is something we ourselves are doing or it is a problem with a loved one, if someone confides in us about a problem, or even if we hear something on the news. Anything that evokes negative emotion which includes doubt, fear, guilt, etc.

Ho'oponopono Prayer 

Divine Creator, father, mother, son as one...If I, my family, relatives, and ancestors have offended you, your family, relatives and ancestors in thoughts, words, deeds and actions from the beginning of our creation to the present, we ask your forgiveness...Let this cleanse, purify, re-lease , cut all the negative memories, blocks, energies and vibrations and transmute these unwanted energies to pure light....And it is done.

Ho'oponopono Steps

After the prayer say " I'm sorry" and "Please forgive me." You say this to acknowledge that something--without you knowing what it is----has gotten into your body/mind system. You have no idea how it got there. You don't need to know.

If you are overweight for example, you simply caught the program that is making you that way. By saying I'm sorry, you are telling the Divine that you want forgiveness inside yourself for whatever brought it to you. You are not asking the Divine to forgive you, you are asking the Divine to help you forgive yourself.

From there you say "Thank you" and "I love you". When you say "thank you", you are expressing gratitude. You are showing your faith that the issue will be resolved for the highest good of all concerned.

The "I love you" transmutes the energy from stuck to flowing. It reconnects you to the Divine and Quantum.

Since the Zero state is one of pure love, and has zero limits, you are beginning to get to that state by expressing love.

What happens next is up to the Divine or your Quantum. You may be inspired to take action of some kind.

WHATEVER IT IS..............DO IT!

Say these four phrases as often as possible, either aloud or silently .....especially when you are feeling negative feelings about anything or anyone..... Say the prayer about all that comes into your experience. If you hear or see anything that evokes emotion, or negative feelings, use the prayer.

I am sorry, please forgive me, thank you, I love you.

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