JTS Financial Blog

The Fed’s Last Hurrah

jtsfinancial — Thu, 13 May 2010 18:10:25 +0000

It is very important for all of us to be aware of the dramatic shift that is occurring, shifting us from a capitalist country into the throws of socialism. My best advise is to be well informed, and stand up for your freedom and liberties! This is a very good article below to read:

The Fed’s Last Hurrah
by Peter Schiff
During the 1990s, inflationary Federal Reserve policy
fueled a tech stock bubble. When that bubble burst,
the Fed inflated a larger one in real estate. Now that
the real estate bubble has burst, the Fed is inflating the
biggest bubble of them all – a bubble in government.
While the earlier booms at least provided the illusion
of prosperity and some fun while they lasted, the
government bubble will cripple the economy and
deliver widespread misery to the vast majority of
Americans.
Of course, there will be winners in the government
bubble, at least for a while. As was the case with the
stock and real estate bubbles, plenty of money will
be made by the well-connected and parasitic classes.
Government employees will continue to enjoy pay
raises at our expense, as will anyone benefiting
from the new wave of subsidies, such as Wall Street
investment bankers, financial speculators, and those
working in health care or education.
These gains will come at the expense of the taxpayers
who foot the bill and the consumers who face higher

The rest of this article is continued on this link below:

http://www.infinitebanking.org/BankNotes/Banknotes.pdf

Free Tax Savings Workshop- Maximize Your Deductions!

jtsfinancial — Fri, 06 Nov 2009 16:07:47 +0000

Liberty Tax Service presents

“Keep More of What You Make”

Friday November 13th 12:30 P.M. to 1:15 P.M.

Liberty Tax Office @ 5202 Carolina Beach Rd.

Please join us for networking, a light lunch, and great information. Here are the details:

Also, help us by bringing a Toy for: Toys For Tots!!

A Powerful 30 Minute Workshop with Immediate Results

What you will learn

How to keep more of what you make…..

It’s not what you make, but what you keep.

Stop paying more on your taxes than you are legally required to.

The benefits of choosing the small business/ self employed return.
Uncovering all of the hidden deductions you might be missing on a Schedule C.
Increasing revenue; lower your tax liability and keep more of what you make!
Maximize the New Home Buyer and Energy Credits! Learn How!
How Liberty Tax Can Help Promote Your Business and add Clients!

How Will You Survive In An Economic Climate That Is Uncertain?

“A successful man is one who can lay a firm foundation with the bricks others have thrown at him. “- David Brinkley

RSVP By November 9th @ 910-313-0287 with Julian

DEADLINES TO KEEP IN MIND FOR TIMELY TAX BREAKS

jtsfinancial — Thu, 22 Oct 2009 18:54:02 +0000

LIBERTY TAX REVIEWS MEASURES TO SCHEDULE BEFORE THEY EXPIRE

Time is running out for taxpayers to plan and take advantage of some tax-saving breaks.
Here are some tax deadlines to keep in mind:

Buy a First Home before December 1^st, 2009 to claim the First-time Home Buyer Credit: For 2009, the repayment obligation is eliminated for taxpayers who purchased homes after December 31, 2008. The maximum value of the credit has increased to $8,000. The new measure removes the prohibition on financing by mortgage revenue bonds, and extends the availability of the credit for homes purchased before December 1^st, 2009.

Buy a New Car by December 31, 2009. Buyers of new vehicles may be able to deduct the state and local sales and excise taxes they pay on new cars, light trucks, recreational vehicles and motorcycles through 2009, but not the interest on their car loans.

Make Energy Efficient Improvements to Your Home before December 31^st, 2010. Some home improvements made in 2009 and 2010 to increase the energy efficiency of your home may have a silver lining at tax time. Adding insulation, energy-efficient exterior windows, and energy-efficient heating and cooling systems may qualify for a tax break. These improvements may qualify for a credit of 30% of their costs up to $1,500. Residential energy credits apply to homes, houseboats, mobile homes, condominium, and qualifying manufactured homes in which you live.

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3rd Annual “Soup for the Troops” TM Event – An Exclusive Soup Tasting

November 7th, 2009
11:00 am – 3:00 pm
Event Field – Mayfaire Shopping Centre, Wilmington, NC

Admission is FREE! Soup tickets are $2.00 per sample at the event

http://www.wilmingtonsoupforthetroops.com

How Would You Like To Find Hidden $$?

Let us provide you with a complimentary review of your Last 3 Years of Tax Returns, whether you already filed previously or not.
We’ll analyze your tax return closely to try and find any missed deductions or credits!
If we find an additional refund owed, we can file an amended tax return.

Liberty Tax Service 910-452-4523

The Unseen of the Infinite Banking

jtsfinancial — Thu, 08 Oct 2009 17:28:40 +0000

By Andy Safa

A little over a month ago I had the great privilege of having dinner with R. Nelson Nash. If you have had this experience, you know what a treasure it is in the fact that when you are in Nelson’s presence, you always find yourself a better, more knowledgeable and creative person.

A lot of very interesting and mind expanding conversations took place, but a certain thing Nelson spoke about especially stuck with me and turned the brain switch on. It was regarding the unseen factors of a life insurance policy. Nelson was telling us the story of when he was involved in a great real estate deal where he was in need of immediate cash to settle it. As soon as he heard he went down to State Farm and asked for a policy loan. Forty-five minutes later Nelson had a check in that man’s hand and the deal was settled.

Nelson then spoke of something that rapidly got my attention. “You can’t see on a ledger”, he said “You have the seen, and then you have the unseen. Whole Life as we know it, has incredible and infinite utility that is limited only by the ingenuity and creativity of the individual who owns it. The purpose of this article is not only to point out the unseens of the product and the process, but also by shedding light on the unseen, I hope to expand the creativity of the individual who reads this. In order for me to achieve this, I must again look at this in a macroeconomic point of view.

If someone would ask me on the definition of economics, in a very short answer I would say The “Science of Scarcity”. At anytime we are considering utilization of a scarce resource we have purely an economic dilemma. Money is certainly a scarce resource. Now this does not mean that if someone has made someone has lost like the socialists believe. As Adam Smith said in the Wealth of Nations,

To Read Full Article Go to http://www.infinitebanking.org/BankNotes/2009-10.pdf

TACKLING ACADEMIC CHALLENGES- Parents of College Bound Students

jtsfinancial — Sat, 26 Sep 2009 14:54:57 +0000

In the midst of the flurry of activities with life, work and a child’s school and outside activities, parents may or may not immediately notice if there are certain areas in which a student’s academic performance is slipping a bit. In some cases, this can happen so incrementally that there is barely any attention paid to it until the end of a semester, when the performance becomes part of the academic record! Certainly, report cards are useful in this regard, although many times kids might not feel overly excited about this. Each term or semester, the report card provides an assessment of where your child is currently in his or her academic progress. If there is slippage, then obviously the grades will indicate this. When parents receive the report card and notice that their child’s grades are not where they had anticipated they would be… then it is indicator that it is certainly time to make some positive changes.

Now, while report cards are useful in this regard, it is far better to find ways to adjust to academic changes “on the fly.” This is because fixing an academic challenge in mid-term allows the student to positively affect the actual grade that is reported onto his or her transcript, rather than waiting until the damage is done and then fixing things for the next semester or term. Naturally, staying abreast of the academic climate during the school year – and not only on vacation – requires a little bit more effort and communication, both on the part of the parent and the student.

Fortunately, this may be easier than most people think. There are several things that a parent and student can do. First and foremost, it is vital to maintain communication with your student, as well as with the high school teachers or administration. You can schedule a meeting with parent, student, and teacher. By having all three parties present, there is less room for misunderstandings or misinformation. We do recommend asking the teacher directly what his or her recommendations are, because in many cases this alone can remedy the situation. History has shown that if grade performance is quickly assessed and addressed, the problem can often fix itself.

However, if more intervention is needed then it might be time to enlist some reinforcements. Tutors and instructors may be willing to advise and help in just about any subject. Some schools even offer peer-to-peer tutoring. There might be an arrangement that can be made directly with the teacher of the class or classes that are in need of attention. If the teacher is willing, your child could schedule regular appointments to go over areas of the subject that he or she has been struggling with. All in all, if you tackle this issue in the middle of the semester then the long-term results are generally far more positive!

Why Have Your Life Insurance Reviewed?

jtsfinancial — Thu, 17 Sep 2009 00:02:30 +0000

Interest Rates

Interest rates are at historical lows, which mean your life insurance policies may not perform to the standard originally illustrated.

Longer Life Expectancy

Because people are living longer, millions of current life insurance policies have become outdated.
As a result, you may be paying premiums on policies that may expire or terminate.

Underwriting Has Changed

Medical advances and changes in underwriting procedures have impacted the way that health issues are rated.
The outcome has been significantly improved ratings for many clients, resulting in lower monthly payments, higher benefits or extended benefits.

Objective Review

Our objective, third-party review will give you the peace of mind to know that your policy is still in good health.
If your policy is in danger, JTS Financial will offer you recommendations to improve the performance of your policy and insure that you have the protection you need.

“The problem with socialism is that eventually you run out of other people’s money.”

jtsfinancial — Sat, 05 Sep 2009 14:17:18 +0000

“The problem with socialism is that eventually you run out of other people’s money.”
~ Margaret Thatcher
“You cannot legislate the poor into freedom by legislating the wealthy out of freedom.
“What one person receives without working for, another person must work for without receiving.
“The government cannot give to anybody anything that the government does not first take from
somebody else. “When half of the people get the idea that they do not have to work because the other half is going to
take care of them, and when the other half gets the idea that it does no good to work because somebody
else is going to get what they work for; that, my dear friend, is about the end of any nation. You cannot
multiply wealth by dividing it.”
~Dr. Adrian Rogers (1931-2005)

For More Great Quotes and Updates on Infinite Banking Click Below

http://www.infinitebanking.org/BankNotes/2009-09.pdf

Why Life Insurance?

jtsfinancial — Tue, 18 Aug 2009 01:34:37 +0000

Buys Time. Allows loved ones to focus on their grief by helping to pay for the funeral and other final expenses.
Provides a fresh start. Lets loved ones start with a clean slate by helping to pay off credit cards, outstanding loans and even the mortgage.
Generated Income. Helps replace lost income for years to come so that the surviving family members can continue to pay for life’s necessities.
Offers Flexibility. Gives a surviving spouse the chance to take time off form work or to switch to a job that offer a more flexible work schedule.
Fund the future. Offers a way to fund longer-range goals like a college education for the kids or a secure retirement for a surviving spouse.
Creates opportunities. Can provide funding to start a business(How do you think Walt Disney started Disney Land?), or pay for school so surviving family members can train for a new career.
Leaves a legacy. Gives parents the chance to leave future generations with the legacy of the long-term financial security.

Morning Bell: Stop the Health Care Bailout Before it Starts

jtsfinancial — Sat, 01 Aug 2009 22:53:05 +0000

Morning Bell: Stop the Health Care Bailout Before it Starts

The last time Congress debated fundamental health care reform, America’s health insurance industry fought against more government control of your health care, most famously with the “Harry and Louise” ad depicting a typical middle class family in despair. This time around, however, the health insurance industry is supporting more government control of your health care. Why? Because key reformers are offering to use government coercion to force fifty million Americans to become new health insurance customers. What industry wouldn’t want the government to create 50 million new customers overnight?

In his primary challenge with then-Senator Hillary Clinton, then-Senator Barack Obama said he was against government mandates that would force individuals to buy health insurance. Now that he is in power, President Obama is much more open to the idea. Before he departed for the Middle East and Europe last week, President Obama sent a letter to Congress explaining he would support mandates if they enabled him to also establish a government-run health insurance plan. We’ve covered the dangers of a public health insurance plan before, so we’ll turn to a study written by one of Obama’s own nominees, HHS Assistant Secretary of Planning and Evaluation Dr. Sherry Glied, to detail why individual mandates would be terrible public policy:

High Costs: “Funds diverted from uncompensated care would not be sufficient to pay for the subsidies needed to cover most uninsured people. Eliminating the free-rider problem through universal insurance might make the health care system more fair, but it wouldn’t make it less costly.”
A New Tax: “The mandate is in many respects analogous to a tax. It requires people to make payments for something whether they want it or not.”
Special Interest Bonanza: “The relative invisibility of the mandate ’tax’ may make it easier for special interests to achieve their goals. The mandate, then, would become a means through which special interests use government to force transfers of funds from consumers to the health care sector.”
Unprecedented Intrusion: “Like taxes, a mandate requires enforcement if it is to be effective. …Developing a system to promptly identify and penalize scofflaws will take effort and ingenuity, particularly in our diverse and mobile country. It may require a degree of intrusiveness and bureaucracy that some will find unpalatable.”

Why Infinite Banking

jtsfinancial — Mon, 27 Jul 2009 03:22:44 +0000

The Infinite Banking Concept, as conceptualized by R. Nelson Nash, forces you to ask these straight forward questions:

• Have you ever considered how much of your money is being spent on interest and taxes?
• What is more important, the interest rate, or the volume of interest you are paying?
• What if you could recapture the interest that is being paid to others?
• Would your life be different?
• Would you have to work as hard?
• Would you have less stress?
• Would you have more time?
• Would you enjoy life more?
• Could you retire earlier?
• Would both your future and that of your family look brighter?

At JTS Financial, INC. we teach you to recover the money that you are paying to banks and finance companies by utilizing dividend paying whole life insurance. By focusing on creating “your own bank”, we share the tax savings strategies that help you take more control over your finances, by becoming “your own banker”. Whether you are simply looking to increase income protection for your family, finance college education, save for retirement, or self fund your business expansion, the Infinite Banking Concept can create the blue print for allowing these goals to become reality, through careful planning and execution.