Premium Finance Stories

Why is it that most people have either never heard of, or choose to ignore the famous 5 Laws of Gold.? The laws are thousands of years old and are based on such sound logic that it amazes me that people just don’t follow them.
At Premium Finance we are constantly reminded when we look at population demographics that by the age of 65, the general age of retirement, most people are actually broke. Sure, they may own their family home and be debt free, but they have no income to speak of because they chose to live for the moment rather than looking ahead into the future with a balanced lifestyle.
Many people with their home paid off are suddenly forced to sell the home they spent a lifetime acquiring just to downgrade so they now have some money to live on. What’s the point?
Only 5-6% of the population are actually in a reasonably self funded financial position, and it is always the same story when we ask people what they think about these people and they reply “Yeah, but they were lucky”. What a load of garbage, luck had nothing to do with it. The people that made it, did so because at some point in their lives they made the decision to do something about it, not just walk around complaining about those that have money.
Every day I work with my clients at Premium Finance to help design and implement a strategy tailored to their own personal position. Most of those people are suddenly quite amazed once they discover that they can actually make a difference in their lives with very simple strategies. I see their eyes light up and then simply wonder why they had not done it years earlier. Remember, time can never be replaced, so act while you can before it becomes too late.
Be part of the 5%, not the 95%, it’s just a choice.
Bye for now.
Paul

1) “Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.” –
a) How much simpler can it get? ALWAYS PUT ASIDE 10%. Never say I won’t do it this week, I’ll just double it next week. That’s a formula for disaster. Here at Premium Finance we will show you how to take that 10% and make it work by utilising Law number 2 below. You earned the money, why shouldn’t you take your money out first before paying everybody else in life.
2) “Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.” –
a) YOUR MONEY SHOULD ALWAYS EARN INTEREST. Always be aware of what all your money is doing at all times. Taking your 10% from Law number 1 and making it grow with compound interest is the most basic of wealth creating principles. The great Albert Einstein once made the comment that “Compounding interest is the eighth wonder of the world”. I’m pretty sure that we should place at least some credibility in the thought of that amazing gentleman.
3) “Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.” –
a) DO NOT TAKE INVESTMENT FROM PEOPLE THAT HAVE NO EXPERIENCE OR KNOWLEDGE IN THE MATTER. At Premium Finance we also obey this rule by using the highest experienced people in providing us with the right information to help us in making the right decisions. Professionals need to be used, whether it’s the doctor the dentist or the candle stick maker. You are good at whatever you do, so take the services of people good at what they do.
4) “Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.” –
a) NEVER PLACE YOUR MONEY INTO THINGS YOU KNOW ABSOLUTELY NOTHING ABOUT. Listen to those from Law number 3 and you will gain the knowledge to move forward in the right direction. If you don’t understand it, then don’t do it.
5) “Gold flees from the man who would force it to impossible earnings or who follow the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.” –
a) SAFE INVESTMENT ALWAYS PAYS OFF BETTER THAN RISK. Don’t chase the quick buck, it doesn’t exist. If you are looking for overnight returns then head off to the Casino and chuck it on the roulette wheel. TIME is the ultimate resource that is irreplaceable and time is your best friend if you are doing something, but your worst enemy if you are doing nothing. Let’s face it, if you aren’t moving forward then you are moving backward, there is no status quo where your financial future is involved. At Premium Finance we show people how to create, maintain, and expand on a long term 10 – 15 year strategy that will reap rewards.

Investing is a word that many people hear mentioned a lot but don’t really have any concept of how to go about it, The usual wive’s tales of property is better than shares or shares is better than property are bandied about by people that have a vested interest in one or the other. The truth is they both work the same.

Premium Finance will show clients that both property and shares follow a very general rule of thumb, that your asset value will double every 7 – 10 years. If we look historically into the past we can see that both have actually gone closer to tripling every 10 years than doubling. Therefore a $100K asset today should realistically be worth between $200 - 300K in the next 10 years.

So the bottom line is to ask yourself one simple question – Do I believe it?
There are 2 possible answers:
1. I believe it might be possible so I will become an investor and possibly reap the rewards.
2. I don’t believe it will happen so I will do nothing and stay broke.

The choice is completely yours, but here is the bottom line. Premium Finance can help you take belief answer number one, and build towards your future, and yes, there is a price to be paid, but do you pay a small price now to be self funded in retirement or pay the huge price later and live a retirement of despair and frustration.

I and Premium Finance would love to work through it with you and pick an appropriate path.

To the Future
Paul

Everyone asks the question but very few people are prepared to do what it takes to make it all happen, Wealth does not come to you by itself, you have to actually do something to attract it. Maybe you could invest in the Lotto and make millions – ha ha – just joking.

At Premium Finance we talk a lot about the power of compounding, the art of earning interest on top of interest. It was once stated by Albert Einstein, that “Compounding interest was the eighth wonder of the world”.

That said, how does it really work? Here is a challenge. Imagine taking $20 per week and having that $20 compound on itself. Keep contributing for 40 years and what would you have at the end.

Well, you will have contributed $41,200 over the 40 years, but your investment would now be worth in excess of $555,000 not a bad return eh? That’s what compounding is. Now Premium Finance takes that same concept and helps you to leverage yourself into high value assets to start with and the compounding doesn’t start at zero, it starts from the value of the asset.

Let’s say you leveraged into a $100,000 asset from the start and that asset compounded by the same amount as your $20. Over the same 40 years your asset value will have increased to an incredible $4.5 Million. Now that is what I call compounding.

The all important rule: Leverage.
You won’t get rich with your own money but you will when you use other peoples money. Ever heard the saying “Getting rich with other people’s money”, yeah. you get it from a bank. Premium Finance is happy to show you how it is done and you don’t need to be wealthy to get started.

All the Best
Paul

Here at Premium Finance Services we constantly come across the bad debt scenario that is taking a strangle hold on people and making them think that there is nothing they can do about it – they couldn’t be further from the truth.

Proper structuring and cashflow management strategies can free up anyone from the dilemma that is facing 95 % of the population today. Too many times people are accepting that they live in a credit driven society and allow the banks to throw very expensive money at them, which in many cases, take decades to repay or forces people into bankruptcy.

A Premium Finance client recently came in to see me to desperately fix their problem. And when I say problem it was a big one, over $100K in credit card debts alone over many multiple cards. This alone was costing them around $3,000 per month just in minimum payment requirements.

A full restructure and consolidation process allowed these clients to breath again, start to see a future for themselves, and also start their investment strategy to build towards a secure retirement.

Premium Finance wealth strategies are helping people everyday and I continue to get great personal satisfaction in being able to assist these people and get them on the right path for the future.

Catch you next time
Paul