Often times as individuals, we look back on the past and wish we would have done something different. With banking this is a common occurrence, especially for business owners (doctors, dentists, small business, etc.).
The reason why this is so common is because of the tax advantages that come with this system. The benefits are unmatched.
The banking effect can have a significant impact on your financial life and retirement, by borrowing from our own bank and then paying it back with interest, we can begin to accumulate significant amounts of capital for retirement and future generations.
However, on top of this, as a business owner we can actually write off a portion of this interest that goes into our own pocket.
Sounds too good to be true I know.
This is why so many business owners use the banking effect strategy in their business plans, less taxes paid to uncle sam is more money in their own pocket.
In the end a business is about profits, and if you can have more profit by structuring your finances differently – slightly altering your cash flows – then it’s a no brainer.
On top of this we put our money in a place where it will be growing when we aren’t using it. This is the maximization of your dollar.
Once again, this is why so many people wish they heard about this system much earlier, when calculated, they realize how many dollars they have lost unnecessarily – hundreds to hundreds of thousands.
If you haven’t read “The Banking Effect,” get a copy today, and start learning about how to implement this system into your business.