Your Personal Bank

Expect Interest Rates Higher for Longer! Why? The Debt Spiral is Accelerating   Due to higher interest rates, the interest on the debt is increasing faster than expected. The interest on the debt now exceeds $1 trillion annually. The cost of interest has doubled in the past 19 months.    According to the Congressional Budget Office (CBO), the deficit will be about $3 trillion for fiscal year 2024. This is 50% higher than the CBO estimates recently. This is known as a debt spiral. The interest increases at an increasing rate.   The current level of government spending and increased interest cost is unsustainable.    Interest rates are likely to remain high for longer.    As the government continues to spend more than they receive, bond buyers will demand higher interest rates due to the higher risk. This will push interest rates higher for longer. The Federal Reserve also has stated interest rates will have to remain higher for longer to tame inflation.    If bond buyers start balking at buying bonds because the debt and interest payments are too high, the government will be forced to stop spending more than it receives. If the government is then unable to print money to spend more, increasing taxes will be more likely to increase revenues. Therefore, the risk of future higher tax rates has increased.    Interest rate sensitive assets will thrive while asset values on most stocks and real estate will suffer.    Your Personal Bank dividends are interest rate sensitive and will thrive in a higher interest rate environment. Dividends are likely to increase for the next several years due to higher interest rates.    Your Personal Bank funds grow income tax-free and you can access tax-free. This shields you from likely higher future tax rates. You can grow your money safely, with guarantees, tax-free, and highly liquid.   Contact Ferenc at 866-268-4422 or yourpersonalbank.com for more info.

Show Description: Ferenc shares the role the current administration has played to contribute to terrorism and the current Middle Eastern War. US tax dollars are supporting terrorism. These actions have made the world, our security, and our economy significantly less safe.    The current speaker battle in the House of Representatives demonstrates why the Republican party struggles to accomplish to goals of their voters. About 20 representatives are refusing to elect Jim Jorden as speaker. Most are from Republican districts. The overwhelming majority of their constituents want Jorden as speaker. These representatives are demonstrating that they represent their donors, not their constituents.   Most of the representatives that are blocking Jim Jordan as speaker also vote with Democrats as often as they vote with Republican priorities. Most of them run as conservatives, make promises that conservative voters like, then do nothing except become wealthy. They misrepresent, and lie to their constituents. They are wolves in sheep's clothing. They are often referred to as RINO's (Republican in name only).   The good news is that they have identified themselves with this action. These representatives need to be primaried and replaced with legitimate conservatives that hopefully do not compromise their values when elected. About 200 Republicans did vote for Jim Jordan as speaker, so this problem can be fixed.   The bad news is we need to get though the next year until these RINO's can be replaced. The House of Representatives is the only thing holding back the Biden administration from even more government spending and bad policies for our country. If the RINO's in the Republican party work with the Democrats, things could get a lot worse.   Good financial management and financial literacy become more important in challenging economic times. Ferenc shares financial literacy keys that most people have never heard, even if they meet with a financial advisor regularly. Ferenc also shares key ideas of how to provide the protection you need while reducing market risk, increasing returns, reducing taxes, and creating positive cash flow with your money using Your Personal Bank.

We are in very serious times. The Biden administration is deeply unserious.       1. Some of the weapons used by Hamas were US made, likely from the Afghanistan withdrawal.       2. The US released $6 Billion to Iran in a recent prisoner exchange.       3. Iran is the #1 sponsor of terrorism in the world.       4. Hames is a designated terrorist organization.       5. Hamas confirmed Iran supported Hamas with financial support.       6. Hamas captured and executed women and children in a surprise attack.       7. Biden weakened US national security by lowering the Strategic Petroleum Reserve to it's lowest levels in decades for political reasons, not an emergency.       8. If Oil Production is Disrupted, Expect a Strong Recession   The risk of recession is greater than at any time since the Great Recession in 2008.   Your Personal Bank funds are:       1. Insured and Guaranteed: Protects your money from market risk and losses.        2. Grow Tax-Deferred and can be accessed Income Tax-Free: Reduces your tax liability.       3. Highly Liquid: Access your money as needed and to take advantage of opportunities.       4. Gains are not subject to the stock or real estate markets and have a minimum guarantee: Your money increases every year, regardless of the economy.       5. Earn Dividends: Dividends are profits of the company and are likely to increase for several years due to increased interest rates.       You can also operate similar to a bank and earn positive cash flow on your money. Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.

John Burley Interview - Successful Real Estate Investing with High-Interest Rates

Show Description: John Burley is one of the most experienced real estate expert, educator, and private equity founder in the US. With 35+ years of investing experience and thousands of (personally) completed real estate deals, hundreds of millions of dollars raised, John Burley has the perfect mix of street-savvy knowledge and sound investing principles. His Bio: BIO LINK   Your Personal Bank can help you enhance real estate investing. You can lower your cost of borrowing. You can also operate similar to a bank and earn positive cash flow on your money.   Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.

Truth in Accounting is a non-partisan and non-political government accounting watchdog organization. Truth in Accounting focuses on education to empower citizens. I interviewed Sheila Wienburg, Founder and CEO. Sheila shares some valuable and sobering info regarding government spending.    Three major points Sheila shared:  1. Our federal government has promised nearly $1,000,000 in benefits per taxpayer. Not only does the government not have the money or a plan to provide these benefits, they have record debt. Politicians promise benefits to gain votes without the pain of how to pay for the benefits.    2. In 2022 the federal government received about $4T in revenues and spent about $7T. Nearly $1T was on interest on the debt. The interest is increasing at an unsustainable rate. This reduces benefits the government can provide.    3. The solution is educating the citizens. If a politician promises benefits, demand from them how they plan to pay for the benefits. Support and vote for politicians who are serious about fiscal responsibility.   Your Personal Bank can help you thrive thru the economic storm is likely coming. You can eliminate market risk, reduce taxes, and earn positive cash flow on money you spend. This will increase the amount of money you will have available to live on.   Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.

Avery Chi shares her personal story of her dream to become a US citizen. Avery is a Chinese national who dreamed of coming to the United States ever since she was young. She was able to obtain a student visa in 2014 to earn her Master's Degree. She then obtained a job in the IT industry.    A company sponsors the employee for them to obtain a H1 work visa. The company is in control regarding processing the paperwork to obtain citizenship. Avery has been told an individual cannot initiate citizenship via the work visa program.    Avery's company gave her the expectation that they would process her citizenship, but gave no time frame. After six years of employment, the company finally started her citizenship application, then laid her off.    She now has 60 days to find another employer to sponsor her, or she will be forced to return to China.   Avery has lived in the United States for the past 9 years, her entire adult life. She loves this country and the opportunities it provides. She has been a productive member of society and wants to continue, eventually as a citizen. This is her American dream. Avery is exactly the type of person we want to immigrate to the United States.   Avery has attempted to do the right thing for 9 years and has been punished for it, while others are entering illegally and are being rewarded for it.   The US Immigration system is broken. Allowing people to enter this country without even knowing their name or purpose is unacceptable! Companies benefiting from highly educated cheap labor by dangling the citizenship carrot, stringing them along, then pulling the rug from them is also unacceptable.   Despite our problems, the United States is still a better place to live with more opportunities than most of the world. We could have the pick of the litter and choose the best and the brightest. That is what built this amazing country. America, and the world, is better because of immigrants like Elon Musk.   American citizens should demand our local, state, and federal governments enforce the law and stop illegal immigration. American citizens should demand anyone who came illegally to be deported and not allowed to return. American citizens should demand reforms to legal immigration to favor the best and the brightest and not allow companies to take advantage of people.   Any representative that allows the current immigration situation to continue needs to be voted out of office. The system only continues because those in charge benefit from the status quo. Let's send a message loud and clear to those in charge that America does not stand for taking advantage of people!   Until the current immigration system is fixed, crime will continue to rise, wages will continue to be depressed, especially for lower income earners, and inflation will continue to rise.   What can you do financially? Reduce debt. Protect your money from risk. Reduce your future tax liability. Ensure your money is liquid to take advantage of opportunities. Make positive cash flow on money you spend so it goes farther. Your Personal Bank does all these things.   Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.

The Biden administration is doing everything in their power to take more power and control while making our lives more difficult. I have been an optimist my entire life. When it came to our government I used to think that would never happen, then it did. I then changed to, nothing surprises me. Then, whatever I considered the worst case scenario that is what I expected. Now, I expect the truth to be something worse than my worst fears.   All the leading economic indicators are predicting a recession. The Biden administration continues to attack energy supply at every level. They have shut down pipelines, canceled oil and gas leases, closed millions of acres to energy development, and are holding up dozens of key energy projects with red tape. This will increase fuel prices in the short term.    Inflation has ticked up again recently. Unfortunately, I believe our economy will get worse before it gets better. The policies of the next administration could alleviate much of the economic woes or significantly help improve things.   Our freedoms are also constantly under attack. Democracy can only last with an educated electorate.   The solution is clear. Will enough people stop voting for policies that are detrimental to themselves and all of us or will they vote for representatives that will reduce government interference and spending?   I wish I knew the answer. I honestly believe it could easily go either way. Education is the solution.   What can you do financially? Reduce debt. Protect your money from risk. Reduce your future tax liability. Ensure your money is liquid to take advantage of opportunities. Make positive cash flow on money you spend so it goes farther. Your Personal Bank does all these things.   Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.

The Biden administration has cancelled oil and gas leases, banned natural gas transportation by train, and is instituting stringent restrictions on large trucks.   These policies will increase energy prices. This will further increase the cost to manufacture and transport nearly every product Americans purchase. This will further increase inflation for                                  much longer than most people realize.   The only solution at this time appears to be removal of the current administration. Hopefully, it will get bad enough that the majority of American voters will wake up and vote for the candidate that will reverse these policies and return us to low cost energy. Abundant, low cost, and reliable energy is what separates first world economies from third world economies. It is a primary driver of  economic prosperity.    Higher energy costs hurts the poor and middle class the most. If you are in favor of higher energy costs so more green energy can be competitive you are anti-poor. Full period. Stop.   We will likely face higher interest rates and inflation for longer due to these policies. If the next administration reverses these and other policies that impeded economic activity, things will likely get better. Unfortunately, our economy will like suffer for the next couple of years before things get better.    If these polices are allowed to continue for another four years, expect the economy to get much worse.   Economic changes will create opportunities. Reducing risk, reducing taxes, and staying highly liquid will allow you to be nimble with your funds.   Your Personal Bank funds are interest rate sensitive. Dividends will likely increase for the next 3-5 years+. They are also guaranteed, highly liquid, and tax-free. This provides options and allows you to weather economic storms and to take advantage of opportunities.   Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.