Your Personal Bank

Your Personal Bank

By Ferenc TothBusinessInvesting
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Your Personal Bank episodes

  • The Real Division in America is Top vs. Bottom, Oligarchy vs. Citizen
    America has been an Oligarchy pretending to be a democracy for decades.                                     - What is an Oligarchy? A few people in power in control of the majority.                                 - Who is in the ruling class? Media, Big Business, Elite Colleges, Ultra-Weathy, Government (include members of both political parties, most Democrats and RINOS)

                         - Whenever you hear someone from ruling class/elite/insider “threat to our democracy” they mean "threat to our oligarchy"

                        -  Their goal is to maintain power.

                        - They emphasize our differences because they want to divide people and have us blame "the other side" for our problems

                        - While the people are distracted with "the other side" the ruling class continues to gain more power and money without notice

                                  This is why most Americans believe our country is headed in the wrong direction. There are so many selfish people in the ruling class, focused on enriching themselves rather than                                            rather than improving society. If our country continues the current path we are headed towards decline and chaos, including economic chaos.                               Due to the fact that the United States has been so strong economically for decades, I believe the process will take time. This means there is still time to course correct.                                The encouraging news is many people are waking up to the fact that they do not want to live in a 3rd world country or under government control. They like the constitution, the rule of law,                                   and the freedoms we have been blessed with for over 200 years.                              What can you do to protect yourself financially? Regardless of direction, I believe our country will face some economic pain in the near future. Social Security and Medicare will have                                         shortfalls in a few years. The massive government debt will cause issues for decades.                              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 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.
    53 min
  • Government Incompetence Creates More Problems Than It Fixes. Are You Ready for the Next Crisis, Financial or Otherwise?
    The Maui fire disaster is another example of government incompetence. Mask mandates, excess government spending, and high debt are other recent examples of government incompetence. Do you trust the current government officials to handle the next disaster? Based on previous experience, they are likely to make it worse. Nearly every leading economic indicator is predicting a hard recession. Ignore them at your peril. Protect your money, reduce market risk, reduce your tax liability, make more on your money by creating positive arbitrage.  Your Personal Bank funds are 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.
    52 min
  • Hyper-Inflation or Deflation Ahead? How to Stay Nimble with Your Money for Either Option.
    Record levels of Government Spending are likely to cause Hyper-Inflation or Deflation. The record levels of debt are uncharted territory economically. It is impossible to predict what will actually happen.    With economic uncertainty the best thing to do with your money is to stay nimble. Keeping your money safe from market risk, highly liquid, and free from penalties or taxes will allow you to take advantage of opportunities. Winners and losers are created with extreme economic situations regardless of direction.    Your Personal Bank funds are guaranteed, highly liquid, and tax-free. This provides options and allows you to stay nimble with your money to take advantage of opportunities.   Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.
    50 min
  • Deflation May be Next Instead of Continued Inflation
    Show Description: China's economy is experiencing deflation. Prices are dropping on food, consumer products, and commodities. The causes for the price drops include housing value downturn, lower exports, and high unemployment. China's government pursued aggressive economic stimulus after the COVID lockdowns. This has caused a higher debt burden to GDP than the United States.    China is not an example to follow, but a warning of what not to do economically. Central planners typically think they can control economic cycles. Economic cycles are affected by many more factors than a small group of economists or government officials can understand. They are not able to control cycles. They can only delay the inevitable. The longer you delay a correction, the worse the result. It is like trying to hold a beach ball underwater. You may be able to for a while, but eventually you will get tired and it will rush to the surface, often violently.   Economic recessions are healthy for an economy. They wash out the excesses. The best thing the government could do is get out of the way and allow the free market to correct the extreme ranges. Until then, we will swing wildly from one end of the spectrum economically to the other.   Staying nimble to take advantage of opportunities is one of the best things you can do with your money through economic swings. You want to be able to quickly access your money without taking market losses, taxes, or penalties. When bad economic news hits, the stock market often reacts too quickly to avoid losses. Having some of your money guaranteed and liquid protects you from the volatility.    Your Personal Bank is highly liquid, provides guarantees, and can be accessed income tax-free. This gives you the ability to quickly take advantage of opportunities when they present themselves.   Contact Ferenc at YourPersonBank.com or 866-268-4422 for more info.
    49 min
  • US Credit Rating was Downgraded, Expect Higher Interest Rates Longer
    Fitch Ratings recently downgraded the US credit rating from AAA to AA+. Fitch stated the reasons for the downgrade included an "erosion of governance" on fiscal and debt matters, rising government deficits, and total government increase in debts. Fitch also expects a recession in late 2023 and ealy 2023.    A lower credit rating equals higher borrowing costs. The federal government debt is currently over $32 trillion. The debt is about 113% of gross domestic product (GDP). Gross Domestic Product is the monetary value of all goods and services produced. In other words, the debt owed is more than the entire country produces in a year. If you or your business owed more than your gross annual income, you would not be in a strong financial position. The average company with a AAA credit rating owes less than 40% of their gross annual income.   The US federal debt owed per taxpayer is over $250,000, according to usdebtclock.org. The average taxpayer in the US earns about $60,000 gross annual income, according to the IRS. Assuming no further increase or interest charges, it would take over 4 years to pay off the federal debt if every taxpayer contributed all of their gross annual income. This level of debt clearly is unsustainable and detrimental to future economic activity.   The long-term solution is to educate enough Americans to vote for representatives that will take fiscal responsibility seriously. Failure to do so will result in increasingly negative economic consequences.   The US credit rating downgrade will increase the interest rates the government will have to pay. Due to the massive size of the debt, most borrowing costs will increase. This will cause higher interest rates.   The best things financially you can do until fiscal sanity returns to the government is: 1. Do not pay off low interest rate debt early - low borrowing costs are unlikely to return in the near future 2. Reduce/and or eliminate any high interest debt 3. Create a tax-free bucket of money - as interest costs increase, the government will be pressured to increase tax revenues to pay the interest 3. Invest in assets that are interest rate sensitive (ei: bank savings, CD'd, bonds, dividend assets)   Your Personal Bank is an interest rate sensitive asset that grows and can be accessed on a tax-free basis with guarantees. Returns are expected to increase for the next several years due to the increased interest rates.   Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.
    56 min
  • Reduce Your Taxes on IRA/401k Required Minimum Distributions using a QLAC

    Show Description: Ferenc explains a little known financial tool to reduce taxes on qualified account (IRA's, 401's, etc.) required minimum distributions. Qualified Longevity Annuity Contracts (QLAC) have a special tax advantage. Funds allocated to a QLAC reduce a persons overall qualified account balance subject to required minimum distributions. Lower distributions reduces income taxes.

     

    The QLAC also provides a guaranteed lifetime income that is typically significantly higher than most annuity payouts due to the deferral of payments to later years. By transferring market risk to the insurer on a portion of your portfolio and creating a guaranteed lifetime income, many investors can then invest other assets more aggressively.

     

    Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more information.

    55 min
  • 7.18.23 - Grow Wealth thru Strategic Debt and Minimize Consumer Debt Risk

    Description: Most people miss out on a huge opportunity to grow wealth using debt strategically. We are taught to avoid debt. In this show Ferenc asks 3 simple questions “Can you borrow money to purchase rental property to create positive cash flow?” Can you build wealth this way? What if you could do the same thing with your money?

    As the former Chairman of an FDIC insured bank in formation, Ferenc shares his knowledge to help you understand the debt side of money. He explains the two interest rates you should understand if you lend or borrow money. This information will help you master both sides of money management, growth and debt.

    54 min
  • 7.10.23 John Burley Interview: Real Estate Expert, Educator, and Private Equity Company Founder"

    7.10.23 John Burley Interview: Real Estate Expert, Educator, and Private Equity Company Founder"

    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. John is a Pioneer in the Real Estate Investment Business, originally trained in the World of Wall St., in 1989 he left and founded his Private Equity Company, where he serves today as the Founder & CEO. It is a leader in the industry, with holdings from multiple countries and a dozen different states. His was among the first ever companies to bring Single Family Home (SFH) Portfolio Real Estate to the

    Private Equity Community. John is as an International #1 Best Seller with over One Million Copies Sold. His books include: Money Secrets of the Rich and Powerful Changes. He has also produced over 100 books and audio programs during his career. Because John is a Professional Investor, he makes his living actually DOING deals and not just teaching theory from the stage. The bottom line is: John walks his talk. For this reason, John is only available to speak at a few events per year, his last event for 2019 is November 1-3. John greatly looks forward to sharing with you what you need to take your Real Estate Investing Business to the next level.

    John Burley Real Estate Investor’s Training At the Event You will Learn:

    • How to Get Paid $10,000.00 UPFRONT on Every RE Deal
    • How Wall St. Makes so Much Money and You Can Too
    • The Exact, Perfectly Laid Out Presentation that John and his Students have used to Raise Tens of Billions of Dollars
    • How to Get all the Money You Ever Wanted for RE Deals
    • How to Fix the Broken Real Estate Model 
    • How to Raise Money Right Now for All the Deals You Want
    • Know Who to Contact for the Highest Levels of Conversion
    • Learn the "Talking Points" that are the KEY to Success
    • Present Your Offer Like a "PRO"
    • Understand that if you are Talking about "Real Estate" or the "Rate of Return you are "SCREWED"
    • How You Can Literally Do Hundreds of Property Deals
    • The Private Equity Model, How to Have Your Own Real Estate Empire
    • Put your Profits to Work to set Yourself Free
    • How You Can Literally Do Hundreds of Property Deals
    • Bring Together More Money, More Deals for You
    • Why MONEY is What Real Estate is Really all About
    • How to Raise all the Money you will Ever Need
    • How to Get Paid $10,000.00 UPFRONT on Every Deal you Do
    • The Private Equity Model, How to Have Your Own Real Estate Empire
    • How John and His Students are Making over $200,000 on each and every Deal and you can too
    • How to Leave Small-Time and Build a "Real Business"
    • The Difference Between JV and Security Offerings such as 504, 505, 506
    • Real Estate - Cash Flow & Growth - The Dream Investment
    • Finding the Great "Off-Market" Deals
    • How to Buy Real Estate without your own Money, or Even Credit
    • Where and How to Find Off-Market Deals
    • Subject 2, Mirror Wraps, Owner Financing, Lease Options
    • Plus, Much, Much More
    49 min

About Your Personal Bank

From the publisher's feed

Host Ferenc Toth will discuss how in the weekly show - how to think like a banker versus an investor. Your Personal Bank is a powerful financial tool used by the wealthy for centuries. Everything we are experiencing in life, change seems daily. Technology. The way we Shop. With all the change in our lives, why are approaching our investments, our finances the same way we have always? The Show that can change your financial life.