Savvy Wealth Group

Savvy Wealth Group

We share RELEVANT information and educational pieces regarding growing and protecting wealth that up

Operating as usual

Biden releases $700 billion 'Buy American' plan echoing Trump's economic nationalism — Business Insider 09/07/2020

Biden’s 700 Billion plan will be funded by doing away with Trump's tax cuts. Sounds like a recipe for passing the buck to the public and rising inflation. Implement a strategy to get tax free income streams just liken the majority in Congress and CEO’s are privy to..

https://apple.news/AuQAc5xNJQ3ifZqWRnxqP4w

Biden releases $700 billion 'Buy American' plan echoing Trump's economic nationalism — Business Insider Joe Biden rolled out a $700 billion "Buy American" plan that mirrors Trump's economic nationalism with a renewed focus on domestic manufacturing and job creation in the US. The two main components anchoring the proposal are a purchasing initiative to bolster demand for US-made goods and services, an...

02/07/2020

Join our Cloud HD Video Meeting Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems. Zoom Rooms is the original software-based conference room solution used around the world in board, confer...

Elon Musk BEST Motivation 2020! | 10 Rules for Success 08/06/2020

I am gaining more respect for Elon every day. He gets pretty choked up in this video towards the end. I love his transparency :)

Elon Musk BEST Motivation 2020! | 10 Rules for Success Elon Musk top 10 rules for success. Motivation and advice from Elon Musk himself. He has been referred to as the real-life iron man. He is the co-founder and...

19/05/2020

Land Banking. Let me know if you have time for a 30 minute webinar doing land banking with an Inc. 5000 company. 40K minimum. We purchase only pre-developed land in a major metropolitan area IN THE PATH OF GROWTH. Our clients are put into a 20-40% EQUITY POSITION DAY ONE!!!!! Let me show you the numbers. Diversify your portfolio. 401K rollovers, 1031's, IRA's, or cash. And we do all of the work! PM me!

You Can Now Use A 529 Plan To Repay Student Loans 02/05/2020

529 Plans have sooooo many downsides. Been there, done that. There are MUCH BETTER solutions out there that I would love to share with parents/grandparents--WITHOUT the restrictions, including NO PENALTY if distributions are used for something OTHER THAN college expenses.
We are educating Americans to BANK ON THEMSELVES. 🙂

You Can Now Use A 529 Plan To Repay Student Loans Student loan repayments and costs of apprenticeship programs are now considered qualified 529 plan expenses. Here's what you need to know.

How Safe is FDIC Insurance? - Paradigmlife.net Blog 08/04/2020

So many think that if their accounts have FDIC (Federal Deposit Insurance Corporation) , then their money is backed by the federal government and it is safe. Both of those things are not true. But getting to the truth of the matter is not easy doing a google search, as the internet being a free exchange of ideas has changed into being a money making machine. Here is a great article that I found with much persistence.

https://paradigmlife.net/blog/safe-fdic-insurance/

Be in the know.

How Safe is FDIC Insurance? - Paradigmlife.net Blog FDIC insurance seems like a given based on the guarantees. However, where does the money come from and what type of banks typically get the benefits?

08/04/2020

Great webinar. So fortunate for the privilege to work with these disrupters!

08/04/2020

I am reposting an article I found on the internet. This was copied and pasted.

How Safe is FDIC Insurance?

The common opinion of most Americans when it comes to whether FDIC insurance, if they ever think about the FDIC, is that it provides guaranteed security. One specific example came from my own son as I was writing this article. He said he was told in his high school’s academy of finance class that the FDIC is the Bank’s regulatory department and that it is very safe. You may even agree, but the facts say something different.

The FDIC’s website gives information regarding the current amount of deposits the FDIC insures and the total amount of funds the FDIC has to cover those insured funds. As of December 31st, 2016 the estimated insured deposits (including U.S. branches of foreign banks) totaled $6.917 trillion. The very next paragraph states the Deposit Insurance Fund (DIF) during that very same quarter totaled $83.1 billion or $.0831 trillion. Do the math. Take $.0831 trillion and divide by $6.917 trillion. You get 0.012013878. That’s just above 1%! Simply put for every $100 of insured deposits the FDIC has $1 to “insure” those funds. Does that sound safe to you?

Remember what happened in 2008 to America’s economy? You may have suffered losses. The banking industry clearly did. It got so bad in 2008 and 2009 that the FDIC’s DIF was completely depleted! The FDIC was insolvent or, in other words, bankrupt. In order to remedy the situation in March 2009, Sheila Bair, head of the FDIC, announced that the FDIC intended to levy a one-time fee on member banks to cover the looming shortfall. Small and regional banks protested vigorously, noting that they were effectively being punished for remaining sound, while Wall Street and a few notorious banks played with fire. They have an excellent point. Note the strong language used by ICBA president Camden Fine:

“The group — made up of mostly small town, rural banks that never traded in exotic mortgage-backed securities — is outraged [by the proposed levy].”

[Independent Community Bankers of America] ICBA President Camden R. Fine compares the FDIC to Japan’s attack on Pearl Harbor. He calls the special assessment on the nation’s 8,000 community banks “crippling,” and blamed “greed, incompetence and sins of the Wall Street firms that so crippled this nation’s economy.”

“We have now come to the point where the ‘systemically unimportant’ banks of Main Street must, along with the nation’s taxpayers, bail out the ‘systemically important’ Wall Street firms,” Fine said. “Not only are a handful of Wall Street CEOs holding a gun to the taxpayers’ heads, they have the banks of Main Street America looking down the barrel as well.”

Fine said it is ironic that on the day the special assessment was announced, struggling CitiGroup received another government bailout. He says community banks are strong and are doing the economic work the bigger banks should be doing.

“During the fourth quarter of 2008, community banks had the largest percentage increase in lending across the industry,” Fine said. “For every dollar paid in premium assessments, a community banks’ ability to make loans and support economic recovery will be reduced at least eightfold.”

Fine’s point, besides pointing out that small banks were being forced to shoulder the burden for irresponsible banks (which is galling enough in itself), is that every dollar sucked out of a small bank represents eight dollars of loans that cannot be made in local communities. The truth is that economic recoveries are mostly made due to small business expansion and hiring, yet the effective result of the FDIC levy would be to siphon recovery fuel from small communities and transfer it to the big players. This is a very big deal.

After listening “carefully” to these concerns, the FDIC voted on May 22, 2009 to go forward with the special levy:

The Board of Directors of the Federal Deposit Insurance Corporation today voted to levy a special assessment on insured institutions as part of the agency’s efforts to rebuild the Deposit Insurance Fund (DIF) and help maintain public confidence in the banking system. . . . . .The special assessment will be collected September 30, 2009.

Just like that, millions of dollars flowed from economically responsible financial institutions to pay for irresponsible decisions and cover funds that were supposedly “insured” by the FDIC. The money has to come from somewhere.

Common opinion about the FDIC also claims the government will back the FDIC in the event of a short fall. It’s easy to see that shortfalls like we saw in 2001 and 2008 could happen again. Will the government make up the shortfall? Where does the money come from? The primary sources of “income” for the government are taxes and the Federal Reserve printing press. This sounds like a similar story, as stated above by Mr. Fine. This time, the burden shifts, in part, to the American people when taxes are used to cover the FDIC shortfall.

Given the facts, common opinion about the safety of the FDIC is completely full of holes. A 1% reserve is not safe. Why not choose a different option one that truly operates on a 100% reserve system? You heard that right. A 100% reserve system!

Photos from Savvy Wealth Group's post 07/04/2020

Starting right now. 6 PM. Hope you can all join me!

Friends of Savvy Wealth Group,

I respect your insight and opinion. Will you please join me TONIGHT at 6pm PST for our Economic Summit webinar? It would be an HONOR. This is going to be very good and I don’t want you to miss it.

This is for EDUCATIONAL purposes only. Jason Stock from Scottsdale will be on along with CEO of CalChoice Financial, Andre Vicario.

Thank you,

Annie

Click below to register today. Limited space available.
https://register.gotowebinar.com/register/5229615257754730253

07/04/2020

Friends of Savvy Wealth Group!,

I respect your insight and opinion. Will you please join me TONIGHT at 6pm PST for our Economic Summit webinar? It would be an HONOR. This is going to be very good and I don’t want you to miss it.

This is for EDUCATIONAL purposes only. Jason Stock from Scottsdale will be on along with our CEO Andre Vicario.

Thank you,

Annie

Click below to register today. Limited space available.
https://register.gotowebinar.com/register/5229615257754730253

register.gotowebinar.com

30/03/2020

Talk about volatility!

28/03/2020

Don't be a victim of ignorance. Join the movement. Be in the know.

Want your school to be the top-listed School/college?

Telephone