Infinite Banking Concept and Whole Life Insurance

tag:blogger.com,1999:blog-18992653034310896122012-01-25T07:08:42.498-08:00Infinite Banking Concept and Whole Life InsuranceSharing how to "Become Your Own Banker" and recover what you're spending right now.Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.comBlogger1351100tag:blogger.com,1999:blog-1899265303431089612.post-3385653646325856602012-01-25T03:00:00.000-08:002012-01-25T07:08:42.518-08:00When it Rains it Pours

This week was unusual for those of us here in the Willamette Valley of Oregon. We had snow on the valley floor. Two to three inches of it in some places! Of course the children all loved it and even some of us adults, but what came next wasn’t enjoyed by any. A warm rain storm that dumped over nine inches of rain melted all the snow and flooded streams, creeks, rivers, streets, homes and

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-45945955054640810452012-01-18T03:00:00.000-08:002012-01-17T18:27:41.985-08:00Following the Rules

It’s easy for someone to say they are going to do something, but really doing it is sometimes a different story.As I write this blog I'm awaiting my plane to go speak to a group of agents who are part of an association that encourages integrity and ethical behavior for those who are representing life insurance products to the public. This fellowship of agents is doing an honorable job through

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-17098425922695240272012-01-11T03:00:00.000-08:002012-01-11T03:00:13.286-08:00"The Day Year the Music Died"

2008 was “the day year the music died” for millions of Americans. With a 48 to 52% loss in their 401k’s, stock portfolios and mutual funds, many Americans were forced to cut their lifestyle extremely or work another 10 to 12 years if they’d been planning on retiring in 2008.For many it was hard to believe because “as long as I remember the rain kept pouring down.” And folks like Walter

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-36096599470617490892012-01-04T03:00:00.000-08:002012-01-04T03:00:11.780-08:00Currency Control

Produces WealthControl of your currency, is the safest most secure, and therefore the surest way, to produce wealth. Daniel Lapin mentions this is his book entitled, Thou Shall Prosper when he states that “The flow of money produces wealth.”Not that there aren’t other methods to obtain wealth faster, perhaps with even less understanding and/or less effort. But each of these other methods

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-63986536307957211112011-12-28T03:00:00.000-08:002011-12-28T03:00:02.202-08:00Wealth

How to Use and NOT Lose itJohn F. Kennedy wasn’t necessarily known for his timidity. Fact is his boldness was so attractive to Americans they elected him as president of the United States. One bold idea which JFK espoused was, “It is a paradoxical truth that tax rates are too high and revenues are too low---and the soundest way to raise revenues in the long run is to cut tax rates now.” Isn’t

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-83646641205183803842011-12-21T03:00:00.000-08:002011-12-21T03:00:13.632-08:00Wealth

Why and How Margaret Thatcher, the late Prime Minister of England, once said, “Nobody would remember the Good Samaritan if he’d only had good intentions. He had to have money as well.” There’s no doubt about it, the Good Samaritan was wealthy. But wealth isn’t just having a lot of money. Wealth is producing value for others like the Good Samaritan demonstrated. The average American

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-65325500173205066532011-12-14T03:00:00.000-08:002011-12-14T03:00:02.095-08:00Goals, Diligence and Building Wealth

...do they have anything in common?Ask anyone on this earth if they want to be wealthy and chances are very good that they will say “yes.” Why then aren’t more people wealthy? Is it just because they aren’t “lucky” or is it due to some explainable reason? It must be due to an explainable reason otherwise how do you account for the phenomenon that when someone wins the lottery it’s just a few

John McFiehttp://www.blogger.com/profile/12329039456601988200noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-72527302076909439142011-12-07T03:00:00.000-08:002011-12-07T03:00:14.246-08:00Hard Freeze

Yesterday was the first hard freeze of the winter season here in the mid-Willamette Valley in Oregon. We don’t get much cold weather in this part of Oregon and when we do many folks find themselves unprepared for the ice and freezing temperatures.Yesterday was also a very hard day for us and our extended family members. One of our extended family members crossed the veil of this life into the

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-57202566114002202192011-11-30T03:00:00.000-08:002011-11-30T08:35:38.643-08:00Nomenclature

I’ve been writing this blog for a couple years now which isn’t my point today. My point is this: Why do I write this blog? And the reason is because I am searching for the truth. Leonard Read, one of Nelson Nash’s mentors, wrote, and I paraphrase, “that for someone to fully be knowledgeable about some particular topic they must be able to write it down.” As I initially began attempting to

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-52411297298780488212011-11-23T03:00:00.000-08:002011-11-23T03:00:02.909-08:00Harvest Time

We spent the weekend in our yard preparing for winter. Picking up leaves, dumping flower pots and giving the grass one last mowing...mostly to pick up any stray leaves rather than for any grass cutting...so that everything will be ready for next spring. We also planted some winter landscape flowers to brighten the long winter days ahead. And besides all that, who likes to make a snowman in the

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-13718013909673109392011-11-16T03:00:00.000-08:002011-11-16T03:00:00.522-08:00The Hare and the Tortoise

Most everybody is familiar with Aesop’s fable about the Hare and the Tortoise. About the Hare, hasty and over confident, while the Tortoise was slow and self-assured. And ultimately who won the race?Watching the manic depressive cycle of “The Market” over the past 50 plus years of my life I have often thought that the politically controlled process that we have called “The Market,” or rather

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-80328238933142167532011-11-09T03:00:00.000-08:002011-11-09T03:00:00.399-08:00Menial or Meaningful

I was reading Thomas Sowell’s Reader on the plane home Sunday as I was returning from Charlotte after sharing the Infinite Banking Concept with a group of doctors at Dr. Tedd Korens’ seminar. What Dr. Sowell wrote got me to thinking, “That in my 30 years of living in California I have never seen a Mexican-American begging on the streets, though beggars and hustlers have become a common sight and

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-14676666736892932772011-11-02T07:00:00.001-07:002011-11-02T07:01:34.554-07:00A Word --- Or Two

I wanted to share a quote with you today from Nelson Nash’s Becoming Your own Banker. Not remembering what page it was on, I started browsing through the book re-reading some of the things I’ve highlighted. And decided we should enjoy some of them together…Page 35, “what I’m teaching is equivalent to teaching that the world is round—when most folks think that it is flat.” So true! How many of

Michele McFiehttp://www.blogger.com/profile/01128113256224444443noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-78752072085563612252011-10-26T03:00:00.000-07:002011-10-26T03:00:02.582-07:00Hypocrisy

My youngest turned 5 this past week and we had a wonderful time celebrating his birthday. In our family at birthday time everybody gets a little gift or card. Michele and I began this little family tradition to prevent the younger children from becoming so “self-centered” on their birthday and in hopes that everybody in the family would look forward to other peoples birthday’s as well as their

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-89001097230872341882011-10-19T03:00:00.000-07:002011-10-19T07:40:28.957-07:00Time to Think

In his book Blink, Malcolm Gladwell proves a vital point about our thought process. And that is: Most people think way too long over the major things in their life and way too little over the common and mundane things. This leads to mental constipation which inhibits the ability of most individuals from ever realizing or becoming what they were created to be.Lance Wallnau speaks about this

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-21677425377467132852011-10-12T03:00:00.000-07:002011-10-12T03:00:03.041-07:00Regulated or Free

...it does make a difference!One of the least enjoyable parts of my life is traveling. Now don’t get me wrong, I love to be there I just don’t like the getting there part.A good example of this was this past week. Having completed leg one of my journey and ending up with a canceled flight to my next destination and receiving no help from the airline in getting a new flight scheduled, I called

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-17174585490285980562011-10-05T03:00:00.000-07:002011-10-05T03:00:03.154-07:00Control vs. Ownership

Do you want to own an extra 15 or 20 pounds?You know the average male takes ownership of an extra pound each year of his life after the age of 18.[i] Is that lucky or simply disgusting?On a different theme however most would agree that owning an extra $10,000 a year after the age of 18 would be grand! But that’s not what most Americans do… most amass less than $50 thousand in a 401K or IRA by

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-73774761283262973162011-09-28T03:00:00.000-07:002011-09-28T03:00:01.228-07:00Banking

Banking is a huge industry and a very profitable one too. Really these two facts are so obvious I probably didn’t have to tell you! I’m sure you’ve noticed how banks are usually located in prime locations, complete with the gorgeous building etc. There must be a good reason for this. Why are banks so profitable? R. Nelson Nash has pointed out, “Whenever a business transaction takes place,

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-11505452942067198622011-09-21T03:00:00.000-07:002011-09-21T07:24:47.634-07:0053 Billion

I’m not talking about some national debt or a new bailout plan or any other political suicide bill that Washington DC is debuting. I’m talking about your time.The polling firm Nielsen specifically reports that they have tallied 140,336,000 Facebook users in the United States. And they have further documented that 53.5 billion minutes of Facebook time is spent each month by Facebook users here in

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-26669336059324863272011-09-14T03:00:00.001-07:002011-09-14T07:14:29.541-07:00Proof's in the Pudding

You’ve all most likely heard the proverb which this blog has for its title today but how many of you realize where the saying originated? In the “Fourteenth century puddings were gutsy! .... essentially, (they) were sausages - mixtures of meat, cereal, spices, and often blood, stuffed into intestines or stomach, and boiled.”[i] It took some skill and a good bit of talent, no doubt, to take

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-1267386505608473292011-09-07T03:00:00.000-07:002011-09-07T03:00:13.033-07:00Better Results

When I was attending college one of my professors told us all that when our college days had ended that our education should just be getting started. What he meant was that we shouldn’t graduate from school and even rest on our laurels or become a “know-it-all” but rather we should consider our schooling as a commencement from where we could go on to learn and develop into becoming really good

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-34808347245931686612011-08-31T03:00:00.000-07:002011-08-31T03:00:05.402-07:00A Lesson from Blackberries

Here at home, in the Willamette Valley of Oregon, nothing grows wild better then blackberries. The mild wet winters, the cool damp springs with a sudden dry heat setting on in late in the summer, provide an ideal habitat for them to flourish. And so commonly, at this time of the year, you’ll find cars parked along the road sides and see their occupants out picking blackberries alongside the

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-26089386932949531722011-08-24T03:00:00.000-07:002011-08-24T06:25:51.135-07:00Explosive Devastation

This past weekend my family and I traveled up to Johnston Ridge Observatory at the foot of Mt. Saint Helens, the active volcano which violently awoke on May 18, 1980 with a 10 mile high plume of explosive devastation destroying thousands of acres of timber, landscape, wildlife and watershed. It spewed more than 540 million tons of ash which spread around the world within two weeks. It was

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-40937522596039380222011-08-17T03:00:00.000-07:002011-08-17T03:00:02.801-07:00What Millions Believe

...That’s Really Killing Them 1. I contribute the maximum allowed by the IRS to my 401k and/or qualified plan because I realize that there is no tax advantage in doing this and I prefer to face the probable higher taxes which I will pay on this money tomorrow over the lower taxes I could chose to pay today. 2. I really do buy into the selfish mentality that I’m NUMÉRO UNO and that my spouse and

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-12287255637808821212011-08-10T03:00:00.000-07:002011-08-10T03:00:10.835-07:00Birthday Wishes

Ahh! This week is my birthday and I wish for some very lofty things. And every one of my wishes has a relationship to money. Just to name a few, I wish: • For world peace. • For poverty to perish. • For hunger to be a thing of the past. • For everybody to be able to read and write. • For governments to spend less than what they tax. • For children not to suffer through their parent’s divorces.

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-24224082275438736422011-08-03T03:00:00.000-07:002011-08-03T03:00:14.640-07:00Way to Go!

Imagine you have a benevolent aunt and uncle who tell you that they want to finance your next vacation. They will loan you the money and you pay it back on your own term… take as long as you like just make regular payments.Of course you’re delighted to know your aunt and uncle love you so but then you ask them what interest rate they’ll charge.When you find out that they want to charge 12% you

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-70566515772553729832011-07-27T03:00:00.001-07:002011-07-27T03:00:09.413-07:00Possessions

Do You Own Them Or Do They Own You?This past week was carpet week. Our carpets throughout the house needed a face lift and you know what that meant? It meant that all of our family possessions needed moved, not once but twice…and sometimes upstairs three or four times, clearing rooms for the carpet layer to lay our new carpet.Funny thing, “Out with the old in with the new, doesn’t just apply to

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-27579803626050780302011-07-20T03:00:00.000-07:002011-07-20T03:00:13.950-07:00REAL WEALTH

Gold, Silver, Real Estate, have often been classified as REAL WEALTH. But as folks who owned Real Estate in 2008 have painfully found out, an asset is only an asset when somebody else wants to own what you have more than you do… and is willing to exchange something more valuable to you for that asset. Today you can hear all kinds of horrific possibilities about what is going to happen if the

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-49738707107452423832011-07-13T03:01:00.000-07:002011-07-13T03:01:02.179-07:00Words have Meanings

I’m going to be a little radical, you know step out on a limb and be unique. And to kick it all off let me tell you something, “I love you.” Now isn’t that a simple phrase? But what in the world does it really mean? Does it mean I would like to do something for you? Or perhaps it means, what can I get you to do for me? But in looking at the origin of the word, a word derived from the

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-35466152779593108982011-07-06T03:00:00.000-07:002011-07-06T07:24:53.502-07:00"Perceptive or Procrastinating"

Sometimes you have to lose good things in life to make room for the great things. In the words of Bruce Springsteen, “A time comes when you need to stop waiting for the man you want to become and start being the man you want to be.”Andy Warhol reminds us that, “they say that time changes things, but you actually have to change them yourself.” In other words if you don’t like the way things are

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-51090201892661134802011-06-29T03:00:00.000-07:002011-06-29T03:00:11.418-07:00"Home Managing"

Years ago when my daughter was a little tyke she was adamant about food being on the other children’s faces while we were at the dinner table. She would take her napkin and wipe off their face if she noticed anything that had strayed onto their faces while they were eating. It was very cute to watch her motherliness, looking after her brothers and sisters in this fashion.One night we were

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-75570702366508825092011-06-22T03:00:00.000-07:002011-06-22T07:33:39.173-07:00Doctors and Such

I work with a lot of doctors around the country and there is one thing in common with most all of them… they don’t understand how money can work for them. Face it, most doctors became doctors simply because they wanted to help other people get better, enhance their performance and be healthier, right? Well I want to share with you that helping others and understanding how money works for you are

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-1364849675769747752011-06-15T03:00:00.000-07:002011-06-15T03:00:10.698-07:00Planting and Harvesting

This past weekend I re-planted some flowers and garden plants which the cold rainy weather had taken its toll upon. As I worked I couldn’t help but think of how being your own banker is very similar to plants, their life, survival and ultimate harvest. Both are very dependent on their environment. With plenty of sunshine the rain we have experienced would have been an excellent thing for all

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-62775442970554079852011-06-08T03:00:00.002-07:002011-06-08T03:00:01.506-07:00Does Collectivism Work?

Historically it “works” for approximately 70 years or so. Then the collectivistic arrangement of gathering from those who have and reallocating it to those who have not fails and historically fails miserably. Why, you might ask?Well, I believe the Ludwig von Mises elucidated the reason best when he wrote “The market is not mankind, the state, or the corporative unit, but individual men (women)

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-27240445088571775982011-06-01T03:00:00.000-07:002011-06-01T03:00:04.050-07:00Childhood Stories

Childhood stories tell a tale often more profound than a simple child’s story. Recently I downloaded the tale of The Grasshopper and the Ants, and old Disney 33rpm LP album that was popular when I was a child. I shared it with my children and listened along just for old times, when all of a sudden a line popped out at me with powerful clarity… “’That boy will grow up to be a Cheat’, said the

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com2tag:blogger.com,1999:blog-1899265303431089612.post-531962414346476932011-05-25T03:00:00.000-07:002011-05-25T03:00:04.472-07:00Rich or Poor

Funny how life is, some of the poorest folks in town behave like money isn’t a problem. They spend everything they’ve got and then some, going into debt to do and get the things they want in life. They behave like they are the wealthiest folks in the world. Then there are others who really could afford to do anything their heart desires but instead live life in near poverty.[i] Why is it that

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com1tag:blogger.com,1999:blog-1899265303431089612.post-61747804663866505472011-05-18T03:00:00.000-07:002011-05-18T03:00:04.570-07:00"How Does It Work?"

Folks are daily asking me, “How does it work?”What they are really saying is; “I don’t understand how it can work!” But their tone of communication too often is implying, and sometimes with anger or sarcasm, that because they don’t understand how it works then it can’t possibly work.Well, there are a lot of things that you and I use on a daily basis that you might wonder how they work and yet

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-67236285142101010492011-05-11T03:00:00.000-07:002011-05-11T07:44:24.486-07:00What Do You Want?

Even after 25 years of private practice I was always amazed at the patients who never really wanted to get better. Enjoying the attention they received for their infirmities far more than they believed they would enjoy the health which could be theirs if they would; eat better, exercise more often or just simple get adjusted on a regular basis. These “sick” patients really thrived on the

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-6779281094634880492011-05-04T03:00:00.000-07:002011-05-04T03:00:04.550-07:00Life is Short

One of my favorite questions to ask somebody is, “Would you rather plan around a known event or an event unknown?” I have never had anybody ever tell me they would like to plan around an event in the future that is unknown. Ironically this is the way most everybody plans for their financial future. They plan around the unknown risks associated with stocks, currencies, mutual funds, bonds,

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-83777303561950478472011-04-27T03:00:00.000-07:002011-05-03T16:03:56.926-07:00People Matter

“Be who you are and say what you feel because those who mind don’t matter and those who matter don’t mind.” [i] I can’t think of a better way to describe familiar love than that. Those who know you best (those who matter most) don’t mind as long as you’re honest, open and sincere about who and what you are. Similar values, attitudes, goals and follow through are some of the most simple but

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-16213535495206532232011-04-20T03:00:00.000-07:002011-04-20T08:52:53.755-07:00"No Free Lunch" [i]

Takes New MeaningOn a first cursory glimpse at these two headlines on April 11, 2011 newspapers there might not seem to be any correlation “Student loan debt outpaced credit card debt for the first time last year and is likely to top a trillion dollars this year...”[ii] “Chicago… bans lunches brought from home.” [iii]But on further reflection perhaps there’s a closer connections than what first

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com1tag:blogger.com,1999:blog-1899265303431089612.post-5362464451869418472011-04-13T03:00:00.000-07:002011-04-13T03:00:16.725-07:00Qualified Plans

Here recently we have been examining the ill effects of Qualified Plans. One of our recent webinars touched on this subject as well as a video we released a couple weeks ago. When you look at the whole picture of a Qualified Plan it doesn’t look rosy. The consequences are going to cause grief to a lot of folks that have been putting all their trust into their Qualified Plan expecting support

John McFiehttp://www.blogger.com/profile/12329039456601988200noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-35981317581582276192011-04-06T03:00:00.000-07:002011-04-06T03:00:11.445-07:00"Gemeinnutz geht vor Eigennutz" [i]

“The common good supersedes the private good”…was a slogan of the Nazis’ but it has become the contemporary mindset of way too many in our own society as well. Consider how you are told what is best for your own good by nearly every institution which was originally set up to serve your needs. Those institutions, more frequently than not, now exist for their own good at your expense but all in

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-43572704399277590082011-03-30T03:00:00.000-07:002011-03-30T03:00:15.054-07:00Watered Down Drink

You’re at a restaurant and ordered a drink. When the drink comes you taste it and notice it’s really weak…watered down. What do you do? Ask the waiter to put more water in it? I don’t think so. Watering down a drink that is already weak makes it weaker still. Yet today, every single day, the Federal Reserve is dousing our economy by pouring in another $4 Billion! This is money which they

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-71676282250235766242011-03-23T03:00:00.000-07:002011-03-23T03:00:00.673-07:00“NEGATIVE REAL INTEREST RATES”

and other such political correctness…"When a government controls both the economic power of individuals and the coercive power of the state... this violates a fundamental rule of happy living: Never let the people with all the money and the people with all the guns be the same people." -- P.J O'RourkePolitical correctness has really changed the world we live in. Words that once meant something

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-86964596012191919002011-03-16T03:00:00.000-07:002011-03-16T03:00:05.206-07:00The World's Richest

Forbes’ posting of the richest men and women in the world reveals a lot for those who are interesting in helping more people in the world.Too often capitalism has been sullied with the misconception that wealth is only gained at the expense of another. Nobody has ever dispelled this myth more completely than Frederic Bastiat in his small book Essays on Political Economy. (available as free

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-37457594833024142292011-03-09T03:00:00.000-08:002011-03-15T15:39:03.864-07:00"Cost of Gas"

40 years ago I loved to ride my go-cart that a neighbor had welded together for me and my brother to play with. I remember turning in 4 empty pop bottles to get 40 cents and then buying a gallon of gasoline and putting a nickel in my pocket from the change. Today gasoline at the local pump is $3.29 a gallon! Today it seems no matter where I am people seem to be worried about the increasing

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-15388609052424600802011-03-02T03:00:00.000-08:002011-03-02T03:00:15.476-08:00Now or Later?

I remember as a kid being asked if I wanted my correction now or later for some deed I’d done which evidently was perceived to be needing correction. My choice was always “later.” But that is because few things in life grow exponentially and correction for dumb deeds done as a child are not one of those things, at least as far back as I can remember.But thanks to my good friend Joe I’ve learned

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-84266473686020500032011-02-23T03:00:00.000-08:002011-02-23T03:00:08.870-08:00NO STRINGS ATTACHED

The offer to assist others is too often mockingly offered to those who are in less fortunate situations in life than those doing the offering. Recently I ran across one such offer with these restrictions..."you must be between 28 and 45, earning at least $250 thousand a year, own your own business and have a burning desire to have more money." Interestingly nothing was mentioned in the

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-20248820398346482752011-02-16T03:00:00.000-08:002011-02-16T03:00:00.176-08:00Banking Birthday!

We just had our “Banking Birthday” Celebration last night. Wow, what a great time we had!We were having a bit of a dispute…are we 5 years old in banking or 6 years old, so we polled our clients. Michele says, “We started in 2006. We’re 5 years old.” Tom says, “We’ve paid 6 premiums, so we’re 6 years old.” Some of our clients sided with Michele about how a baby is not 1 year old until a year

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-36944736673171633982011-02-09T03:00:00.000-08:002011-02-09T03:00:11.806-08:00Full Speed Ahead… Mark Your Calendars

It’s been a buzz around here…positively more than the usual hum! And it’s all because of: Tom’s new book, a birthday, the Cal Jam and our next Infinite Banking Workshop….The release of Tom’s new book, Prescription For Wealth, has had an amazing response. It will soon be heading for its second printing! It’s a quick, easy read. And it’s filled with real life examples from the lives of real

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-82719425661395170962011-02-02T03:00:00.000-08:002011-02-02T06:56:52.942-08:00Prescription For Wealth

According to Ben Bernanke, “Policies have contributed to a stronger stock market just as they did in March 2009, when we did the last iteration of this. The S&P 500 is up 20%-plus and the Russell 2000, which is about small cap stocks, is up 30%-plus.”There, in his own words the real facts have surfaced as to why the Federal Reserve has created billions of new dollars (notice I didn’t say printed

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-23682825857092252752011-01-26T03:00:00.000-08:002011-01-26T12:19:18.018-08:00Either/Or?

Either/Or statements often lead you to believe a half-truth as I discussed last week in my blog “For The Love of Money.” So let’s explore being altruistic or completely selfish for a moment.Who’s heart doesn’t go out to the genuine “public servant,” the “self-sacrificing doctor” or the missionary who gives up the “comforts of home” to serve on foreign fields? Yet too often the folks who worked

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-74270522710706982242011-01-19T03:00:00.000-08:002011-01-19T03:00:00.884-08:00“For the Love of Money”

“Money can’t buy you love” is a diktat that is as old as money itself. But it is just as true that a lack of money can’t buy you love either. You see, you can’t allow yourself to reason that the opposite of one falsehood is “gospel” truth. The relationship between finding true love, with or without money, is irrelevant but assertions such as the one above have dampened the possibilities of

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-75955151963325471552011-01-12T03:00:00.000-08:002011-01-12T03:00:02.476-08:00Diversification vs. the “Banking” Business

Diversification is brought to life in the statement: “Don’t put all your eggs in one basket.”[i] When you buy stock you are buying an idea and putting up capital for the implementation of that idea. If the venture is successful then you make a profit and if not then you sustain a loss. There is an unknown risk involved here, so it is wise to only put some of your “eggs in the basket.”On the

John McFiehttp://www.blogger.com/profile/12329039456601988200noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-91913417741557250802011-01-05T03:00:00.000-08:002011-01-05T03:00:03.108-08:00“On Experts and Sages”

Society is full of experts… sages who are revered because of their schooling in some specific niche of culture or civilization. Yet ironically these sages don’t always agree with one another.•“Experts are called in for advice on their respective subject, but they do not always agree on the particulars of a field of study. An expert can be, by virtue of credential, training, education, profession

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-81183545954609177122010-12-29T03:00:00.000-08:002010-12-29T03:00:05.531-08:00Sunny Southern California...

...Here We ComeJohn F. Kennedy held a dinner in the White House for a group of the brightest minds in the nation at that time. During the course of the hour he made the statement that: "This is perhaps an assembly of the most intelligence ever gathered at one time in the White House with the exception of when Thomas Jefferson dined alone."Wouldn’t that be wonderful to have a statesman like

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-70315464854912174132010-12-22T03:00:00.000-08:002010-12-22T03:00:02.281-08:00“Truth is Out!”

Mark Twain humorously pointed out that he was different from George Washington; “I have a higher, grander standard of principle. Washington could not lie. I can lie, but I won't.” It almost seems like yesterday that I was on the school yard witnessing the sad event of a child learning for the first time that there isn’t such thing as Santa.Today it seems that many adults still believe in Santa

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-30260633517955147442010-12-15T03:00:00.000-08:002010-12-15T03:00:12.165-08:00What If?

That is a question that many folks want to banter about when discussing the Infinite Banking Concept. What if, the government finds out about this? What if everybody starts doing this? What if this process begins to face taxation? What if, what if? The fact is “we must accept that we live in a government mandated economy and get on with it – do what we can to protect what we’ve earned and

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com1tag:blogger.com,1999:blog-1899265303431089612.post-35953070419232617002010-12-08T03:00:00.000-08:002010-12-08T03:00:06.027-08:00Believing is Seeing

The late poet Ralph Hodgson rightfully penned the following words, “Some things have to be believed to be seen.” This is so contrary to what most folks think and behave like. Too many folks want to understand all the facts before they change their current behavior pattern. But is that the way life really works? NO! I’m not talking about taking uncalculated risk(s.) Rather I am speaking of

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-3051764687333686182010-12-01T03:00:00.000-08:002010-12-01T03:00:04.703-08:00"SUCCESS"

Michelangelo’s prayed this, “Lord, grant that I might always desire more than I can accomplish.” What a far cry from the small talk I was obliged to listen to while having one of my teeth re-crowned with a precious metal crown instead of the temporary chrome crown (an amalgam of nickel, cobalt and other metals which can incite immunological disorders,) but I digress. The small talk went like

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-15403195630682727332010-11-24T03:00:00.000-08:002010-11-24T03:00:12.631-08:00Thanksgiving

It’s time for Thanksgiving and you know what we’re thankful for? We’re thankful to have the opportunity of sharing the message of the Infinite Banking Concept (IBC) with you! We get so excited when people realize they have the ability to control and increase their wealth. We love to see how lives are being changed dramatically. Every day is a day to be thankful when we hear these kinds of

Michele McFiehttp://www.blogger.com/profile/01128113256224444443noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-81868599644566418362010-11-17T10:00:00.000-08:002010-11-17T10:12:37.980-08:00"Brain Drain"

It’s been said of the man who claims he never had a chance that he is the man that never took one. Winning Coach Joe Carlozo wrote, “Never stop learning. If you learn one new thing every day, you will overcome 99% of you competition.” You know winning doesn’t make you the better person but being a better person does make you a winner. Michael Jordon is reported to have said, “I have failed

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-36126083757172610462010-11-10T03:00:00.000-08:002010-11-10T03:00:00.498-08:00“HELL”

“Hell begins when the person you are meets the person you could have been” wrote Eli Cohen. He of all people should know. Having twice been denied to serve his country he went on to become the most successful spy that his country ever retained. With his skilled detailed espionage, eventually at the highest levels of Syrian government, his home country, Israel, was able to capture the Golan

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com2tag:blogger.com,1999:blog-1899265303431089612.post-41065961401145176382010-11-03T03:00:00.000-07:002010-11-03T03:00:09.854-07:00The Power of the People

By the time everybody reads this blog the 2010 elections will be finished except for maybe some last minute counting in the closer races.So regardless of who has won or lost or is forced into a recount, I want you all to consider what is at stake for our future.Our founding fathers came to this country for the expressed purpose of liberty: Liberty from tyranny, liberty from the class system,

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-71536925156761842692010-10-27T03:00:00.000-07:002010-10-27T03:00:05.568-07:00"The Rat Race"

Who wouldn’t want to free up 30 to 45% of the money they had to spend every day so that they could use that money for something else?I certainly wanted to! And that’s why I began to practice the “Infinite Banking Concept” immediately when it was presented to me as a viable alternative to what I had been doing for the previous 45 years. You see I had been told that living within my income, paying

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-16026037090543720472010-10-20T03:00:00.000-07:002010-10-20T03:00:12.477-07:00For the Love of Money

"There is a sore evil which I have seen under the sun, namely, riches kept by owners thereof to their own hurt.” ~ Ecclesiastes 5:13Money is like a car, a gun or any other inanimate object, it and of itself can do neither good nor harm. The good or harm that is done with money is subject to the owner or manager of that money. Therefore it becomes critical for those who desire to create wealth

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-56712488035380578092010-10-13T03:00:00.000-07:002010-10-12T11:24:42.160-07:00More Money

“Money is the root of all evil” is often bantered about like its gospel truth, yet few people realize what a fabrication it really is. Money is simply a medium of exchange. Or, in other words, what you value more than the dollar in your pocket you will exchange for that dollar.Another fable about money is that having more of it will ruin you…your health, your relationships, your peace of mind,

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-5886169204375335272010-10-06T03:00:00.000-07:002010-10-06T03:00:01.317-07:00“I See Something Orange”

I couldn’t help thinking about what my bother-in-law once told me years ago during this past week as I ordered a take-out for the family while waiting for our boarding call on the flight home from Hawaii. But my thoughts were merrily interrupted with a happy little voice saying “Daddy, I see something orange, do you know what it is?” I looked down and saw my three year old was grinning from ear

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-65078089486651537022010-09-29T03:00:00.000-07:002010-09-29T03:00:09.921-07:00Who and Why

For many folks the first question they have when hearing about the Infinite Banking Concept is, “who else is doing this and why?”Well as to the why…this past month was exciting to see all the reasons why folks are doing this. Here at Life Benefits, Inc., we have seen: Office buildings, home mortgages, raw land, shopping malls, office equipment, living expenses, educational expenses, automobiles

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-14116765991995035102010-09-22T08:00:00.000-07:002010-09-22T08:00:02.791-07:00The Shoe Store

About 17 years ago I heard an ad on the radio that always made me chuckle. There was a local shoe store whose slogan was, “Don’t ask for your shoe size, ask to be fitted.” That was fine until they were advertising for Father’s Day. “Surprise Dad with a new pair of shoes,” was followed by, “And don’t ask for your shoe size, ask to be fitted.” The comical view of me getting fitted to surprise

Michele McFiehttp://www.blogger.com/profile/01128113256224444443noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-18335396124990509022010-09-15T08:00:00.001-07:002010-09-15T08:20:34.421-07:00When Are You Going to Write a Book?

First off, I’ve never thought that another book about the Infinite Banking Concept was necessary simply because I’ve learned so much from the original book Becoming Your Own Banker. So I never mulled it over long enough to realize that another book might be a practical benefit to others.Sharing my “banking” story is nothing foreign to me. I enthusiastically tell everyone about my Infinite

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-30008110113839518042010-09-08T08:00:00.000-07:002010-09-08T08:00:05.154-07:00Good, Bad, Indifferent

Good, great, grand are typical reviews received regarding our blog, web meetings, workshops and events. It’s nice to know we are stimulating thoughts and actions which are liberating and helping others win in life.That’s what it’s all about isn’t it?But on occasion we get a bad review. Recently I received one of those. Not really what you want to read on a bright Monday morning but even then

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-47648866527409769892010-09-01T08:00:00.000-07:002010-09-01T08:22:53.449-07:00Accident or Unprepared

Lounging around casually this past Saturday evening, dressed in shorts and tee-shirt, I heard my daughter announce “Bessie,” (our brand new calf,) “is running down the road.”I dashed out of the house stopping shortly to slip on flip flops and grab a lead off the hook in the shop.Then I headed up the road cautiously approaching Bessie. It was quite obvious she was enjoying her new found liberty.

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-11944233716788014082010-08-25T08:00:00.000-07:002010-08-25T08:00:00.728-07:00Vacation Time

All work and no play makes Jack a dull boy. It also makes Jane a dull girl. So why do we work so hard all the time and not take Vacation Time?Well, for one thing most people don’t…they just keep busy. But being busy doesn’t necessarily mean that you are being productive. Granted it might take a lot of work for some folks to stay busy but production is the bottom line and production only

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-37903841696706254522010-08-18T08:00:00.000-07:002010-08-18T08:00:07.650-07:00Banking

Bankers have been known throughout the centuries as people who know how to make money. Originally bankers were nothing more than goldsmiths who, on occasions, stored gold or other precious metals for others and charged a fee to do so. Later these goldsmiths became money changers, when they facilitated exchange, by allowing the security note which they issued for storing gold or precious metals

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-73710192680915638282010-08-11T08:00:00.000-07:002010-08-11T08:09:25.496-07:00FEAR

Fear is a real and powerful motivator. So powerful that it often incapacitates the individuals motivated by it.And alas too many folks are controlled by fear; fear of what others may think, do or say. Fear of failure, not knowing or even fear of success. Fear is a common emotion that is real and has real consequences. But who is the author of fear? Does fear produce good things in your life

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-1151268357429801782010-08-04T08:00:00.000-07:002010-08-04T08:00:02.713-07:00"Everybody Knows!"

Nothing tickles me more than when somebody tells me that “everybody knows” some commonly known fact.In our second year of chiropractic school over 25 years ago we learned that calcium supplementation increases the risk of stroke, heart disease and high blood pressure, along with increasing the risk of fractures and tendinitis…all of the things that “everybody knows” calcium prevents.So for years

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-85613631445775782572010-07-28T08:00:00.000-07:002010-07-28T08:00:03.696-07:00Pedaling Along

Being an Infinite Banking Concepts coach is very rewarding. Every day I get to see the lives of people being changed for the better because they’re learning how to control the banking equation in their own life.A couple weeks ago my family and I got to steal away for a great weekend in Tahoe. We had a doctor, spouse and mother who needed policies delivered to them, and we decided to make it a

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-74842911661814339532010-07-21T08:00:00.000-07:002010-07-21T08:03:49.166-07:00Austrian Economics and Infinite Banking

The end of last week I was in Nashville Tennessee attending the Night of Clarity. This event was put on by Carlos Lara and Dr. Robert Murphy who were releasing their new book How Privatized Banking Really Works. Carlos Lara and Dr. Robert Murphy have thrust the Austrian theory into new territory by outlining a practical treatment plan for the precise diagnosis which the Austrians have known and

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-53408422319881785312010-07-14T08:00:00.000-07:002010-07-14T08:00:05.237-07:00BE, DO, HAVE

I’m a big fan of Zig Ziglar because Zig has taught me a lot about life and living. One of Zig’s favorite sayings is; “You need to BE before you can DO, you have to DO before you can HAVE.” He then goes on to say that “most all of us get this all mixed up and want to HAVE before we DO so that we can BE someone or something.” But life is a stickler. If we truly want to win in life we’ve got to

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com1tag:blogger.com,1999:blog-1899265303431089612.post-80921039913819473732010-07-07T08:00:00.000-07:002010-07-07T08:00:01.664-07:00Boiled Chicken

We’re financial coaches helping people increase and protect their wealth. We work with corporations, business people, families and individuals. We work with high end clients and those struggling to make ends meet and those of various levels in between. We teach people how to take responsibility so they can recover the money they’re spending today without having to work harder or sacrifice

Michele McFiehttp://www.blogger.com/profile/01128113256224444443noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-81463814400973710642010-06-30T08:00:00.000-07:002010-06-30T08:00:03.874-07:00How Dumb is Owning Whole Life Insurance?

“Depends on Who You Listen To!”If you’re a captive of the financial gurus and entertainers of our time you probably already know that whole life insurance is a bad investment. Doesn’t everybody buy term and invest the difference? But have you ever thought about the fact that just because everybody is doing it that doesn’t make it the right or even the best thing to do? If you haven’t done so

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-89421885172914368692010-06-23T08:00:00.000-07:002010-06-23T08:00:06.157-07:00Passion

Gandhi spoke these words and I don’t think they could have been better phrased, “Government control gives rise to fraud, suppression of Truth, intensification of the black market and artificial scarcity. Above all, it unmans the people and deprives them of initiative…!” Richard Bach put it another way, perhaps more straightforward when he said, “I don’t want to do business with those who don’t

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com1tag:blogger.com,1999:blog-1899265303431089612.post-90794041763621155632010-06-16T08:00:00.000-07:002010-06-16T08:43:45.923-07:00Cash Flow

Everybody knows that cash flow is vital. Cash flow is “A measure of… financial health. (It) equals cash receipts minus cash payments over a given period of time.”So how can you increase your cash flow?1. You can spend less2. You can work harder to earn more3. You can cut your current standard of living4. You can save more5. You can depreciate certain purchases (if you own a business)6. You can

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-20938087070589391792010-06-09T08:00:00.000-07:002010-06-09T08:00:02.363-07:00Set for Life

Set for life. I think we’ve all heard that saying before. But the other day a caller told me that their financial planner said they were “set for life.” And I started asking myself, “What can that mean?” Does the financial planner know how long this person is going to live or what inflation is going to do in the future? And can he see what events will unfold in this man’s life? What if this

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-74198378965395549222010-06-02T08:00:00.000-07:002010-06-02T08:00:04.723-07:00"Qualified or Non-Qualified?"

Qualified or Non-Qualified? That is the Question.In chapter three of the Annual Report on the Middle Class released in February by Vice President Biden and the White House Task Force on the Middle Class, the Obama administration calls for enhancing the “retirement options” for the middle class by imposing “new regulations to improve the transparency and adequacy of 401(k) retirement savings.”iThe

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-1388974407560197702010-05-26T08:00:00.000-07:002010-05-26T08:00:02.731-07:00“As He Thinks”

When discussing the Infinite Banking Concept and Becoming Your Own Banker, I often hear:• Who else is doing it?• Why haven’t I ever heard of this before?• If this is so great why isn’t everybody doing it?• How can I make money without having to work any harder?Now what they really mean is, “If it’s too good to be true it probably is.” So consider some things in my own short life span that were

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-53125699104466420742010-05-19T08:00:00.000-07:002010-05-19T09:50:28.816-07:00Money and Mowing

Bruce Springsteen once wrote, “A time comes when you need to stop waiting for the man you want to become and start being the man you want to be.”This past month we began shopping around for a new riding mower. Our little Snapper was showing signs of wear after faithfully mowing our ½ acre for many years---and many of the neighbors yards as well. It finally boiled down to the following: What

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com2tag:blogger.com,1999:blog-1899265303431089612.post-539650556023485632010-05-12T08:00:00.000-07:002010-05-12T08:00:04.289-07:00Trust U.S.

An acquaintance of mine has taken a part time job with the US census to help finance his son’s college tuition… if that isn’t crazy tell me what is! But that is an entirely different subject.Anyway this father shared with me how they’ve been instructed to account for the time they are on the clock at the census office. Mind you these are the folks that are making COUNTING their business.When an

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-71984639217872845092010-05-05T08:00:00.000-07:002010-05-05T08:06:47.159-07:00Money Accumulation

Flying to Atlanta this past week I had opportunity to read a book that has been on my “to read list” for a couple of months. Anything that encourages one to think outside the financial box that banks, government, financial experts and gurus have successfully painted most folks into is a worthwhile read in my opinion. And although I was delighted to see an approach that was unique and

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com2tag:blogger.com,1999:blog-1899265303431089612.post-33738180695154752462010-04-28T08:00:00.000-07:002010-04-28T08:00:05.501-07:00Money Control - - - By Whom?

The talk turned to the recent losses sustained by those who are still playing around in the Wall Street game. Some bright fellow commented that what was needed is a law that would prevent this from happening again.Great just what we need is another law to protect us from ourselves, right? Come on, let’s get real for a moment. Everybody knows that saving and investing are two different ball games.

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-32403926631604860242010-04-21T08:00:00.000-07:002010-04-21T08:00:10.274-07:00WE THE PEOPLE

The summons came just like any such summons would, in the US mail. It was a summons to jury duty in conjunction with all the threats and reprimands that could be imposed if said summons was ignored or disregarded. It was a summons for my 42 year old foster sister to appear for jury duty. Now my foster sister can’t drive, ride public transportation, pedal a bicycle or even walk very far alone.

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-35410882261845370492010-04-14T08:00:00.000-07:002010-04-14T08:00:01.015-07:00Becoming Your Own Banker TM

It was November 10, 2005 and we were hosting a patient appreciation day at the office. We’d seen over 100 patients that day and were running short on snacks and goodies so the front desk called my wife, Michele, to bring in more food. That’s how it all started.Hello, my name is Tomas McFie. I’m a chiropractor and have been now for 25 years. I graduated from Palmer West in 1985 and have owned

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com1tag:blogger.com,1999:blog-1899265303431089612.post-16486927367422119992010-04-07T08:00:00.000-07:002010-04-07T08:00:05.244-07:00It Caught Me Completely by Surprise

It caught me completely by surprise, but it was one of those “Ah-ha” moments. I was getting ready to take a walk with my family, so there I was in the bedroom, bent down to tie my shoes. And that’s when it came to me. You see, all my life I’ve had trouble with my shoes staying tied. Silly, I know, but I’ve always had to tie double knots or my laces come untied in no time. In fact, I tied my

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-26445526346156036812010-03-31T08:00:00.000-07:002010-03-31T08:00:08.740-07:00YOUR Money and Health Care

The former Rolling Stones Magazines’ roving editor P.J. O’Rourke speaks volumes when he says. “If you think health care is expensive now, wait ‘til it’s free.”[i] Sadly on Tuesday 23, 2010, Americans will now be able to find out what P.J. was talking about. As was recently posted on LewRockwell.com “Hefty fines are due from anyone found to have committed the heinous crime of not being a customer

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-4802741626568564352010-03-24T08:00:00.000-07:002010-03-24T08:00:06.608-07:00Free Banking

The American Dream is getting tangled up in a net of government intervention. There seems to be an increasing realization among a lot of people that we’re not in a pleasant situation. This is good, but still yet talking about problems does not resolve them. Leonard Read puts it this way, “Almost everyone says he favors freedom; just try to find a single individual who says he does not. The

John McFiehttp://www.blogger.com/profile/12329039456601988200noreply@blogger.com0tag:blogger.com,1999:blog-1899265303431089612.post-81210720687173726312010-03-17T08:00:00.000-07:002010-03-17T08:00:09.945-07:00Social InSecurity

Flying a lot is part of what I do and since the first of this year I have made multiple trips across this great country of ours, flying from the west coast, where I live, to the east coast or Midwest. This year the amount of snow on the ground east of the Rocky Mountains has been incredulous. Never before have I seen so much white.On the last trip eastward my thoughts began to drift about how

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com1tag:blogger.com,1999:blog-1899265303431089612.post-72965450551577846942010-03-10T08:00:00.000-08:002010-03-10T08:00:06.468-08:00“Lady Luck”

The late Vince Lombardi is noted for his acumen and good judgment. Lombardi was the head coach of the NFL Green Bay Packers from 1959-67. He won five league championships in those nine years. Interestingly enough Lombardi is noted for his statement that “Lady Luck only happens to those who are prepared.”[i] Winning doesn’t really have anything to do with luck but a lot to do with being

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com1tag:blogger.com,1999:blog-1899265303431089612.post-42899616598364155722010-03-03T08:00:00.000-08:002010-03-03T08:35:54.470-08:00Money At Work

As a young boy I remember traveling in the car and reading warning signs “MEN AT WORK” along the roadside. Today those signs have been replaced with gender neutral signs. But there is nothing neutral about the fact that everybody has to work for money! Sadly, most people never realize that money can work for you. And when it works it never takes a holiday, it never calls in sick and it never

Tom McFiehttp://www.blogger.com/profile/07325337453815488726noreply@blogger.com0