So let’s look at something a little different here, and let’s go to the borrowing strategy, here if we take the borrowing strategy and let’s look out over 30 years, no present value dollars, let’s put in 10,000 dollar a year. Okay, so what we see over this time is $300,000 so let’s start with understanding the shoe box for just a minute and if we have this shoe box and we’re putting in10,000 ayear into it for 30 years at the end of the time frame we’re going to
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Tutorial Life Insurance Values
Hello and welcome to a tutorial on a new Truth Concepts tool called Life Insurance Values. Todd Langford will show how you can use the Life Insurance Values tool to cut down the time you spend copying and pasting information into the Truth Concepts calculators and drastically show the whole truth about life insurance. Go ahead Todd. The new tool is called Life Insurance Values and right here under the Tools menu at the bottom we see Life Insurance Values. And this is a place that we can load 6 permanent
Read MoreBorrowing Strategy Calculator Tutorial
This Todd Langford going over the Truth Concepts calculator called the borrowing strategy. What we are going to be showing today is the power of having the client pay themselves, just like they would the bank. We’ll use a car loan as an example that is borrowed against the savings account and take a look at that versus marketplace loans like you’d receive from a bank and help the client understand the best place to borrow money. Let’s look at this out over a 30 year time frame, so
Read MoreTruth Concepts Tutorial Automobile Purchase
To open the automobile purchase calculator double click on the TC icon. This gives you a menu bar which you can move to another screen if using multiple screens or place it where is most convenient. You can also resize calculators as you open them to view them comfortably. To do so, click on the calculator and move cursor to bottom pull down and drag to make the box a larger size. Select Automobile Calculator. There are a couple ways to use this calculator: put in value of a person’s current assets or
Read MoreFinancial Calculators Tutorial
Financial Calculators Tutorial by Norman Baker: Here is a short tutorial on the financial calculators in Truth Concepts. Future Value, Present Value, Payment, Interest Rate and Time Period Calculator. I can size the calculator by moving my cursor to the edge bottom or side and stretching. I can make it as big as I want to or reduce to an icon. I can memorize the short cut keys. Rate Calculator: We’re looking for a future value of $1,000,000 as hypothetical suppose we have a $100,000 of cash to start
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