Your Wealth Reserve: Put your money to work so you don’t have to.

DIY Financial Independence: Freedom Workbook

Put your money to work so you don’t have to.

Use your IRS-approved tax shelter—Pay 0% on asset gains. Accumulate $250,000, $500,000 even $1,000,000 tax-FREE. You achieve Financial Independence by having enough money to do what you want. When you don't have to rely on work to survive, you are financially independent. Playing it safe won't achieve it. You don't have to be super wealthy to become free of money worries. Financially independent people have one thing in common: they put their money to work so they don't have to. If you don't put your money to work, you will never be free. 'Compound interest' is the name of the process by which money makes money. You don't need to do a thing besides sending $250 to work every month. You earn money every time you buy things. You own part of the businesses. Compounding is what Warren Buffett counts on for success.

“My wealth has come from a combination of living in

America

, some lucky genes, and

compound interest.” How much can your money earn for you? It depends on how long it works and where you put it to work. The best strategy is to use your Wealth Reserve to shield your money while it works. You can use a special IRS-approved Tax-FREE account to avoid all tax on investment dividends, earnings and interest. You can also avoid the fees and commissions on this account. Your $250 a month investment may grow to $1,000,000 or more and it is all tax FREE. That $3,000 a year for 33 years ($99,000) compounds to $1 million if you put it to work.

https://www.amazon.com/gp/product/B07W6RPB24

Why do we earn so little in a managed account?

In every period of time for the last 30 years, we earn much less in our advisor-managed account. DALBAR tracks the performance of our accounts versus the market indices and finds less each period. For the last 30 years, we earned 3.79% vs 11.06% for the market. Morningstar blames costs: “In every single time period and data point tested, low-cost funds beat high-cost funds." It is a Wall Street myth that we need an advisor. Now we have research and data that tells us (for free) that we can earn more by paying less. Trading, market timing and expense ratios can reduce our total possible accumulation by 63%. Most clients claim they need an advisor for guidance but they don’t consider inherent conflict of interests. First, advisors can’t give unbiased advice: they sell what for-profit firms pick for profits. Second, advisors are trained as salespeople—they don’t know what the markets will do. They learn to win our trust so they can sell us anything. Third, most advisors do NOT know about the best products for us. The products they sell must have higher costs built in. For instance, most 401k and 403b savers/investors believe their employer does not charge for their retirement plan. Most think the plan was chosen wisely: greatest benefit possible for us. There are no price tags on the retirement stuff we buy so we end up with $104,000 instead of $151,000. Your plan costs are hidden because your employer does not want to pay for them. Ask how much you pay!

Pick Buffett as your advisor: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Are commission-FREE ETFs really free?

Schwab has just added to its platform of no commission index (ETF) funds. Fidelity and Vanguard are in the price war too. But are there no costs involved? its bid/ask spread--the difference in the lowest price a seller is willing to accept and the highest price a buyer is willing to pay as of the last trade--was wide. When the spread is wide, you can end up paying more for an ETF than it is actually worth--and this can easily add up to more than a broker’s $10 trading fee. Unlike open-end mutual funds that are bought and sold at Net Asset Value (NAV), ETFs are traded throughout the day at whatever price clears the market. At times, an ETF’s price may deviate from its NAV. When an ETF’s price is more than its NAV, the ETF is trading at a premium. When an ETF’s price is less than its NAV, the ETF is said to be trading at a discount. If you buy an ETF at a premium, you’ll be paying more than you need to and putting yourself at an immediate disadvantage. Likewise, if you sell an ETF at a significant discount to NAV, you’ll essentially shortchange yourself on some of the gains. Some ETF’s are not traded often so you may have trouble selling them. Some have fees to sell if not held long enough. Some do not perform well so you lose. In real estate trusts, some are earning 8% where others earn 5%. Unless you have insider information, regular funds have better long-term returns.

https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Trump’s ‘National Socialism’

Trump’s tax-credit party is now demanding another tax cut for the rich. Every American who pays tax on their capital gains—dividends and earning from capital—will pay less tax. National Socialism means money from every working person that pays tax on wages will be used to benefit the top 5% of the wealthy who live on their capital. Wealthy folks demand more tax cuts after receiving a huge windfall this year. That’s outrageous! TX Cruz bid for reelection is cemented by goosing the Treasury Secretary to ignore Congress and just declare the tax break on capital by an executive order dictator. Meanwhile, Trump’s new tariffs will slow sales, jobs just to pay for new tax cuts for the rich. Trump still thinks China tariffs are paid by

China

instead of by Americans via higher prices. Americans who struggle to make enough to help their families survive will have to pay more for most goods—‘made in

China

’. Trump has adopted Marx’s idea: "From each according to his ability [to be taxed on wages], to each according to his needs" [for a tax break]. The tax-credit class needs to blame the minorities to divert attention and the state propaganda machinery (Fox) does it. Dems don’t even realize what is going on.

https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Another way the wealthy avoid their fair share of TAXES

You could do this tactic if you had the money but you don’t. Wealthy buy or keep art then take a loan against it. They spend the money as tax-FREE income. Living off your Rembrandt for years? The majority of art lending clients are ultra-high-net-worth individual art collectors, according to a report by the European Fine Art Fair, with dealers accounting for just under 10% of borrowers. Most lenders will lend up to 50% of the value of the artwork, so a painting appraised at $10 million will be good for a loan of up to $5 million. Lenders across the industry said default rates are typically very low, almost negligible. Some borrowers are opportunistic—when they see a good business offer, or a chance to buy a great work of art, they want access to capital, and fast. An art lender only needs to value the art and write up a contract, compared with, say, a mortgage lender, who might need extensive credit checks, salary history, and the like. “It’s a way to buy art without having to disrupt your life.” Some just want more capital to buy stuff.

Shelter your income too: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

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How Govt wastes our money: Congress spends another Trillion we don’t have!

States rejecting the Obamacare program has come with a cost: rural hospitals gone.

GOP plans cuts in Social Security by just refusing to consider funding options.

Trump tariff costs us on electronics, phones, digital, stuff: Apple stock

Juries nixed: Trump to free the criminals HE likes: “I thought he was treated unfairly”

TX law gives greater access/use for guns Sept 1: Tragedy incites more armament.

Trump agency warning visitors to US to ‘generational fight’ ‘public is asset to prevent’

El Paso shooter’s mom told police weeks before about AR danger: Police deny contact.

SCAMS/SPINS:

McConnell role in aiding Putin’s mob to buy factories in his state show bias.