Financial Freedom & Success Institute

In this lesson we teach people the difference between Assets & Liabilities. We show people that the No. 1 Asset they must invest in is themselves. God has already given you all you need to get ahead in life. It is God's will for you to prosper and succeed.  You just need to discover and clarify What you want out of life, Why you want it, Who you are, and your Purpose in life. Once that is clear the How will become a lot easier. 

God has given you the Power to make wealth. He has given you Dominion in this world. He has equipped you with talents and abilities that are uniquely yours. You need to Work hard to deliver Value in this world and you will generate an Income that has no limits. You are a Producer, not just a Consumer. Your greatest asset to produce wealth is your mind - which has no limits. 

Once you generate an Income, the first thing you must do is Pay Yourself First - at least 10%! "A Part of all You Earn is Yours to Keep." This is a key principle taught by George S. Clason in the Richest Man in Babylon. Peter Daniels said, "If you do not Save, the seeds of success are not in you." The best place to deposit that Income is in a Bank on Yourself plan. Another key principle taught by Peter Daniels was "Don't forget Reserves".

Once we earn, and pay ourselves, we must provide for our family.  You must design the lifestyle you want to enjoy. And then learn to control your Expenses. Make wise Purchases that will have long-term value. 

Modern society encourages people to get into debt. Many suffer as a result and are deep in various debts - credit cards, student loans, car loans, and home mortgage. The main goal for every person should be to Become Debt Free ASAP! The sooner one can be debt free, the better. Otherwise, you will serve the banks the rest of your life and end up paying them tens of thousands of dollars in interest throughout your life.  That money should be making you rich, not the banks. 

There is risk in everything we do. Risk exposes us to loss. This is the purpose of having adequate insurance - to transfer that risk to an insurance company. It is important to assess if we have sufficient and adequate protection for our assets, our income, our purchases, and even our rentals.

Becoming your own Bank is a key principle we teach in our course. The basic idea is that banks pay you nothing for your savings, yet charge you a lot when you borrow from them. As long as you are dependent on banks for your financing they are in control of your life. So why not put a plan in place to become "bank debt free" by replacing the need for a bank with a specially designed life insurance policy which allows you to build up cash reserves, and allows you to borrow money at a low cost, all while growing the protection for your family and business through a growing death benefit. This is key to keeping the wealth you would otherwise transfer to banks over many years and instead keeping it for yourself and in the process becoming dependent on no one. 

Traditional investments are typically mutual funds and stocks.  Investors are generally taught to believe in concepts such as "buy and hold", "dollar cost average", and "diversify, diversify, diversify". Some teach that leverage is good and that there is "good debt" and "bad debt". Investors often are lured into chasing growth at the expense of losing their capital. Recently cryptos have caused people to lose money by chasing a mirage. The concepts of risk and volatility are often misunderstood and used interchangeably. Yet the impact of taxes and fees over the long-term are not well understood. Very often cash flow is not generally emphasized. We believe investors need to be better informed about these topics. We share timeless principles that will allow investors to make better decisions with their capital that will result in sustainable growth and predictable passive income without taking undue risk. 

There is no better way to make more money and enjoy total freedom over your time than to become an Entrepreneur and start your Own Business. Become your own boss is all about having freedom and control over your life.  It is also the best way to get paid what you are truly worth in the market place based on the value you provide.  

One of the most important things to maximizing wealth is minimizing taxes. There are many strategies to do this. The key is to make sure they are legal and ethical. It is simply a matter of being strategic when structuring one's life, income, business, distributions, giving and investments. 

How much is enough? That is always an important question to keep in mind. Jesus said, "It is more blessed to give than to receive." I believe that wealth comes with a responsibility and a stewardship to manage it wisely and to help those who are less fortunate. Through our generous giving we can be a blessing to many millions of people who were born into poverty through no fault of their own. But our giving needs to be strategic and in-line with Biblical principles. 

We came into this world with nothing, and we will leave with nothing. But we have an opportunity while we are here to create a Wealth Heritage and leave that behind for the benefit of our family, our business associates, and all of humanity.  Estate planning requires careful thought to make a mark on this world, and to fulfill one's destiny and purpose in life when it is our time to leave for eternity.