Truth Tip Funding

The funding illustration allows you to compare life insurance illustrations (with or without loans) to an alternate investment.  For this calculator, you can:   Toggle off or on the “Interest Rate on Savings Account to Match PLI” at bottom left corner.

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Truth Tip All Calculators

All calculators: to switch from positive to negative numbers or vice-versa, highlight the numbers to change in one column and right click, select change sign.  To put the same # or formula in multiple cells, enter the # or formula in the top cell, highlight the cells you want filled

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Truth Tip All Calculators

Financial calculators: switch from annual to monthly mode or any other mode and it will ask you if you want to adjust the existing amounts to match.    Pushing the “TOP” button: causes the calculator to stay on top of anything you are doing.  Double clicking on any of the

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How To Get One Dollar To Do Many Jobs

First let’s define what a job is.  Any time a dollar buys an asset, pays an insurance premium, reduces tax, increases cash flow, leverages itself, improves protection, recaptures opportunity cost, improves liquidity, recovers control, enables tax benefits, builds confidence, gains movement or lowers restrictions, that dollar is doing one job. 

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Calculating Internal Rate of Return

How do you calculate the internal rate of return on an investment when the cash flows vary and you can’t use a typical financial calculator that only functions with the same stream of payments, not a varying stream?  For example, you invest in an oil well where you contribute $100,000

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Financial Planning vs. Prosperity Economics

Financial Planning vs. Prosperity Economics   Meets needs and goals only   Maximizes every dollar Retirement oriented   Abundant/Freedom oriented Product oriented (only what you buy)   Strategy oriented (what you do) Accumulate money   Accelerate money Rate of return focuses   Opportunity cost recovery focused Institutions control your money

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How 0% Financing On A Car Isn’t Always 0%!

Since we are writing this in 2009, there are some true 0% car loans in the market place due to the economy in general and the condition of the automobile industry in particular.  However, knowing the whole truth about your money is critical in knowing how best to finance a

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