Where Is Your Parking Lot?

     There are plenty of places to stash your money, but, not all places are created equal.

     In this issue, we'll share some real time thinking with about the places you can put your money. The real question is: is it really working as hard for you as you're working for it? Read on and find out.

    We'll be in Salem, Oregon in November at the Freedom Retreat, where we'll hear more from some of the same privatized banking gurus we saw in Nashville in July. We just can't get enough of them -- if you want to join us, it's not too late to register, so check out the Events in the sidebar.

     Have you visited our new Amazon Bookstore on the Resources/Books page? If you're thinking about coming to Salem, be sure to pick up a copy of Carlos Lara and Dr. Robert Murphy's, How Privatized Banking Really Works ... it's an interesting read and you'll have plenty of questions for the two authors.

     For those interested in more info from Carlos and Bob, please drop me an email and I'll send you a PDF of the newly-created Lara Murphy Report. Just put LMR in the subject line.

     Hope to see you in Salem, Oregon, November 4th and 5th. In the meantime, Happy Halloween!

Best,

Julie Ann Photo

Julie Ann Hepburn
President

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Where Is Your Parking Lot?

Many of you have probably heard me say this on more than one occasion: Wealth has to reside somewhere, so why not in your own banking system?

But, just exactly what do I mean when I say that to you?

When you accumulate wealth - whether it's through your job, your business, the sale of an asset like a home or office building, or other revenue-generating activity - you have to put it somewhere until you're ready to use it again.

Most people put it in CDs, savings accounts, IRAs, KEOGHs, 401Ks, stocks, bonds, mutual funds or other savings/investment vehicles. All of these are valid places to put wealth because we've been trained to think that these are the best places to 'park' your funds. But have you looked at interest rates lately on some of these?

A client/colleague was at her bank recently opening a checking account.* As usual, the banking officer was doing his job to sell her other services that the bank offers.

Now, as we know, the way banks really make money is by using the money you deposit with them to make loans to others. The more they lend, the more they make. So they want to get as much of your money as they can - through savings, money market accounts, credit cards, retirement accounts, annuities and whatever else they can convince you that you need.

As my client/colleague sat there and listened attentively to the banker's pitch, she just smiled quietly - a knowing smile, mind you. When the banker finished, she asked the first of two questions: "How much interest do these various accounts pay, like a basic savings account?"

The banker proudly pulled out his sheet with current interest rates that showed how various amounts pay different interest rates, depending on the type of account or investment instrument in which you want to place your money.

Right now, on a basic savings account with $0 to $9999 deposited, you'll earn .05 % APY; if you're depositing $5 million or above you're getting .50% APY. If you want to drop your money in a 5 year CD - you get to earn 1.75% APY but only if you have a checking account, too - otherwise, you only get 1.5% APY.

As you can guess, depending on the account in which you have your money, there could be fees and penalties for early withdrawals or for exceeding the number of withdrawals in a month. Now, some of these are waived if you have more than one account with the traditional bank - but we know why they want you to have more than one account, don't we?

"Hmmm ...," she thought. So then she asked her second question, "Why should I put my money in one of your savings or investment accounts when I can put it somewhere that I can earn seven (7) percent annually, tax-free, without doing a thing?"

The banker looked at her in mild shock and asked where was she parking her money to consistently earn that kind of interest? "In my own privatized banking system," she replied with a laugh. "I can't beat that deal with anything I have," said the banker.

So, where are you parking your money? Where does your wealth reside?

If it's in any of the traditional banking/investment accounts - unless you have a whole lot - like let's talk Warren Buffet or Bill Gates kind of a lot - you're wealth is not working for you. In fact, it may be working against you. What????!!!!

Most likely, you're giving your traditional bank a lot more than that traditional bank is giving you in return. Think about it - you're getting less than 1% on a savings account and you're paying 11% or more on most of your credit card accounts. Hmmm - they give me one (1), I give them 11 -- who's winning this race????

If you haven't used our Wealth Management Assessment Tool, today might be a good day to give it a test drive. What it's likely to show you, is that there's a better parking lot for your money - it's called a Self-Empowered Banking System and you can't get it at your traditional bank. You can only get it through National Private Client Group.

So, what are you waiting for? Contact Julie Ann Hepburn today and get started building a new parking lot for your wealth.

For more information, contact Julie Ann Hepburn by email or phone at 312.954.5700 x 403.

* The above story is true and happened on October 26, 2010 at a Chase branch in Chicago.

Something To Think About ...

    Did you find the answer to last month's Something To Think About ...? If you clicked on the links, you know the answer to the two questions* we asked is the Rothschilds.

    Now that we know who's controlling the flow of money and debt in the world, who's controlling the flow of money and debt in your life? Are you in control or is your traditional bank controlling the ebb and flow of your wealth?

     Speaking about traditional banks -- do you know that banks make more money when the economy is in worse shape? That's right, when things are bad, i.e. we're having financial troubles, out of a job, making payments late, etc., banks are more profitable. Gee, I wonder why? Think about it ...

     In the meantime, why not use our Wealth Management Assessment Tool to find out how much control of your wealth is in your hands or in the hands of someone else?   Once you do, it will truly give you something to think about.

* Questions from last month: Do you know who owns the majority of the central banks, think Federal Reserve Bank, Bank of England, Bank of France, etc. in the world?  Do you know who owns the Bank for International Settlements (BIS)? Even if you search the website, you may not find it but just do a Google search on "Who owns the Bank for International Settlements?" and you'll have the answer.