Spectrum Enterprises LLC
Common Rules of Financial Literacy
Imagine yourself winning a lottery ticket. You make a great buzz posting questions on the social media networks about what you would do with the winnings you got for the 266 million dollar mega million dollar lotteries. Although you generated so many responses, you were not satisfied because you have another great idea for yourself. The idea centered on the following:
I will take the lump sum of $165.2 million. The lottery offers cash up front payments. It is believed that the $165.2 million amount of money now is worth much more than the $266 million in over 25 yrs. Being the case, I will better use the money wisely now than putting it in depreciative investments. If this is properly executed, providing for my grandchildren’s grandchildren will be my primary concern.
First rule – Your fortune should be protected from taxes and lawsuits.
I have the idea of putting myself in the enviable position of owning everything but not in my name. This is important for me because if the properties are not in my name, lawsuits will not involve me at all. I still have the right to control everything because I still call all the shots. I will invest in cars, houses, buildings and real estate without worries because these assets will all be registered as my personal entities.
Second rule- Learning the rules of investing will only take a minute.
Today, what is taught as financial literacy by investment firms is hot garbage. The easiest way to go broke quickly is exposure to the stock market. When there is one investment where you can have sure money, returns are guaranteed, there are no penalties imposed for using your own money before 65, there is liquidity and control, it is lawsuit-protected, you can leverage it to create more wealth, tax deferred, tax free on distribution, and transfers to heirs tax free upon your death, then this is a proper investment.
Third rule – To give it away is sometimes the best way to keep something.
Wealthy givers are particularly concerned about tax laws. Together with an estate planner and a tax planner, sitting down for a conference allows issues on money matters to be properly discussed. They can create a structure that will allow incredible benefits from the money invested while giving allowances for give away money to charitable organizations.
Fourth rule- Giving away money isn’t conditional, but love is. Make sure money is paid back if you are going to give money to family.
Get an insurance policy on the life of the family member you lend money; is a sure way to get your money back. The money you invested should grow and earn interest because it is money for the family’s future. Money can be used to fund the family trust because everybody is going to die anyway so why not have a million dollar policy on all family members. We all have to go sometime and all the proceeds are completely tax free and sure to pay off. To turn it into a huge payoff in the future, have large policies on the whole family that will allow you to take a smaller amount of money. You can provide trust fund payments to heirs for generations to come, if the interest for that money goes in the family trust.
Spectrum Enterprises, LLC was created by investors for investors. We
recognize the importance of maximizing cash flow and profitability in
your real estate endeavors in Washington DC. Spectrum specializes in a
myriad of services, which consists of investments, consulting, sales and
property management. www.spectrum-ent.net
I will take the lump sum of $165.2 million. The lottery offers cash up front payments. It is believed that the $165.2 million amount of money now is worth much more than the $266 million in over 25 yrs. Being the case, I will better use the money wisely now than putting it in depreciative investments. If this is properly executed, providing for my grandchildren’s grandchildren will be my primary concern.
First rule – Your fortune should be protected from taxes and lawsuits.
I have the idea of putting myself in the enviable position of owning everything but not in my name. This is important for me because if the properties are not in my name, lawsuits will not involve me at all. I still have the right to control everything because I still call all the shots. I will invest in cars, houses, buildings and real estate without worries because these assets will all be registered as my personal entities.
Second rule- Learning the rules of investing will only take a minute.
Today, what is taught as financial literacy by investment firms is hot garbage. The easiest way to go broke quickly is exposure to the stock market. When there is one investment where you can have sure money, returns are guaranteed, there are no penalties imposed for using your own money before 65, there is liquidity and control, it is lawsuit-protected, you can leverage it to create more wealth, tax deferred, tax free on distribution, and transfers to heirs tax free upon your death, then this is a proper investment.
Third rule – To give it away is sometimes the best way to keep something.
Wealthy givers are particularly concerned about tax laws. Together with an estate planner and a tax planner, sitting down for a conference allows issues on money matters to be properly discussed. They can create a structure that will allow incredible benefits from the money invested while giving allowances for give away money to charitable organizations.
Fourth rule- Giving away money isn’t conditional, but love is. Make sure money is paid back if you are going to give money to family.
Get an insurance policy on the life of the family member you lend money; is a sure way to get your money back. The money you invested should grow and earn interest because it is money for the family’s future. Money can be used to fund the family trust because everybody is going to die anyway so why not have a million dollar policy on all family members. We all have to go sometime and all the proceeds are completely tax free and sure to pay off. To turn it into a huge payoff in the future, have large policies on the whole family that will allow you to take a smaller amount of money. You can provide trust fund payments to heirs for generations to come, if the interest for that money goes in the family trust.
Spectrum Enterprises, LLC was created by investors for investors. We
recognize the importance of maximizing cash flow and profitability in
your real estate endeavors in Washington DC. Spectrum specializes in a
myriad of services, which consists of investments, consulting, sales and
property management. www.spectrum-ent.net
