Mindblown: a blog about philosophy.
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This RISKY Express Trust Mistake (COULD land you in jail)
Express Trust Myth #3 – It’s okay to apply for credit cards in the trust’s name. Have you been told that you can apply for credit cards with a trust? If so, this is FALSE. Applying for credit cards in the trusts name (especially if it’s a private express trust like the Bulletproof Trust) is considered receiving a benefit…
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Avoid This Common Private Express Trust Mistake
Private Express Trust MYTH #4 – It’s okay to mix trust & personal funds. FALSE. It’s absolutely NOT okay! Commingling personal & trust funds is a HUGE NO-NO! Always keep trust assets, funds and bank accounts separate from personal (or business) ones. Why? Because if for any reason the trust were to end up in court, you want to be…
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Is It Necessary to Keep Trust Minutes?
MYTH #5 – Keeping Trust Minutes Isn’t Necessary FALSE. It’s the duty of the trustee(s) to keep minutes for all resolutions, decisions, and acts done in the administration of the trust. This is a form of accounting, and may suffice as the accounting, however, it is recommended that some separate, more detailed accounting be kept. It…
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PROOF The Elite Use Trusts to Protect Assets
Have you ever wondered how wealthy people like the Rockefellers are so good at protecting their assets?For literally CENTURIES? How they’re capable of making insane money while keeping their assets & businesses totally untouchable to outsiders? How they can virtually GUARANTEE their assets will NEVER be seized or taken from them. Believe it or not, there’s ONE method that the wealthy elite…
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Attorney-Drafted Trusts Could Reduce Your Asset Protection
Who would you trust to manage your money? Having a little bit of mistrust can be a useful tool. For example, most people are at least a little wary of the government and legal systems in place in our nation — and for good reason. These entities have the ability to exert complete control over citizens.…
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When a 501(c)(3) Could Get You 5 years in Jail
MYTH #6 – Anyone can be a 501(c)(3) Church (Out of all the myths we’ve covered thus far – this one is by far the most serious and can actually result in jail time. PLEASE READ CLOSELY) FALSE. Not just anyone can establish a 501(c)(3) Yes, Faith Based Organizations do get tax exemptions. However, if…
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Banking is a Scam: Here’s the Proof
The banking is a SCAM. We’ll proof it… But before we dive into that, let’s also review the basics of banking… A bank is a financial institution that’s licensed by the Federal Reserve to receive deposits, make loans and provide financial services. Banking is a Scam – Here’s Why…This process helps create liquidity in the market—which…
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Debt Removal Secrets Puts an End to Debt Deception
Just imagine if EVERY PERSON in America followed this remedy… We’re so happy you’ve made the smart decision to learn how to remove your debt and finally take back your freedom. You may not know this but years ago, one of our co-owners, Zachary, found himself in the middle of a financial crisis years ago.…
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Build Business Credit Fast for Insane Growth
Looking to build business credit fast? Do you have a proven plan to follow? Earlier we discussed how much easier it becomes to get approved for additional financing once you’ve built up your business credit history. Getting a loan seems like the best funding option for many people because they get it in a lump…
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10 Surprising Uses for Vendor Credit
What’s so great about vendor credit? With vendor credit, it’s not only easier to get approved – it can help build your credit profile and gives you more time to pay for inventory & other supplies. Having an extra 30-60 days to pay can be a huge benefit when it comes to growing your business. …
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