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Posts Tagged ‘Taxes’

How To Find Good Travel Deals On Hotels, Car Rental And Airfare

Monday, January 18th, 2010

When looking for the best travel deal possible, don’t risk it. Never cross your fingers and hope for the best. Research your options and get the vacation you deserve when you’re spending your hard-earned money.

If you book well in advance you have a lot of time to take a close look at the hotel prices and airfare; and make relevant changes. When you are searching for a long time, you have time to find the good deals.

Use the internet to look for the good travel deals. One of the most cost-cutting and valuable methods of making reservations is to book online. You cannot just check the websites that claims to have the lowest price. Instead you should compare the prices from several websites to find the best travel deal.

If you’re a generally a spur-of-the-moment type person, always be sure to check for last minute deals on flights that still have empty seats a few hours before boarding. This could cut costs by a lot since airlines want your business.

When you find a vacation that looks like a good deal always check that taxes and all applicable fees are included. If they aren’t it can cost you a lot of extra money; and make the deal not that good.

When you are looking for a hotel or an airfare do not just take the first rate that you are offered. Ask if there are special rates for senior, corporate or military (or something else that you might qualify for).

By selecting a room outside the center of the city, you are travelling to you can get a better deal. It is also often possible to get a free upgrade for a suite instead of a normal room, if there are any suites vacant.

An easy way to get a good travel deal on a rental car is to ask for an upgrade. It is also often cheaper to rent a car on the internet, and a full week rental will often be cheaper than the daily rate. Remember always to check for extra taxes on the rate that you are offered.

Check the auto-insurance agent if you are covered if you are involved in an accident with your rental care. Also make notes of any stains, scratches, dents and or other damages before leaving the lot. You shall not pay for someone else’s carelessness.

There is still money to be saved, when you arrive at the destination. Eat at the local restaurants instead of on the hotel. And instead of taking a cab, you should walk. It will also make it possible for you to enjoy the local scenery.

Martin Elmer is the editor of Tilbud paa rejser. Here you can also read about Flybilletter billige.

categories: hotel,flight,airfare,airline tickets,car rental,car hire,travel deals,last-minute,taxes,fees,save money,cheap,auto-insurance,travel

Is The Infinite Banking Concept Fiction Or Fact?

Monday, September 7th, 2009

This is a case study on someone who is practicing the Infinite Banking Concept revealed in the book Becoming Your Own Banker, by R. Nelson Nash.

This man was 45 years old.

Paid an annual premium of $30,000 into a participating whole life insurance policy which had a face value of $567,000

Two weeks later he borrowed $12,000, of the $22,000 of available cash value, from this policy

He took his loan of $12,000 and used it to pay his tax bill. Next he drew up a schedule for repaying his policy from which he had borrowed.

His repayment schedule specified that he would pay back this loan over a course of 36 months with a monthly payment of $390. At the end of this time he had paid back $14,040 and now had this money available in addition to the $10,000 of cash value that did not loan from his cash values originally.

Over a 36 month time frame he paid two additional annual premiums of $30,000.

After paying the second premium of $30,000 his cash values were increased by $24,000.

After paying his third premium of $30,000 the cash values increased by $34,500.

At this time there was $82,540 of cash values in his policy and his face value (death benefit) was up to $801,000. Remember he has only paid $90,000 in premiums so far, and thus his comparative outlay is only $208 a month or $7,460 total.

Compare this to a term policy with an $800,000 face value; his cost for this would have been $323 per month or $11,628 for an equal time period.

Things are even better than they appear in this case, for he withdrew the cash values of $10,000 which was left over after the first policy loan and put it to work too.

He took this $10,000 and utilized it along with an extra $20,000 that he had in cash to buy a new automobile. The repayment schedule on this loan amounted to monthly payment of $667.33. So after this 36 month time frame when the guy is now 48 he owns an additional $24,024 along with the $82,540 which totals to $106,564. This means he has $16,564 more than in what he put into this process in premiums!

Conclusion:

This man now has $16,564 more than he would have had originally!

He also has $801,000 of death benefit through his life insurance policy with technically no expense.

Now he has paid his tax bill of $12,000, plus he has a $30,000 car!

Just in two years, his accumulation will have swelled by an additional $16,016 as he continues to make the monthly payment on his car.

Finally, because he has been utilizing the Infinite Banking Concept and practiced Becoming Your Own Banker, his face value has gone up from $801,000 to $812,424.

Because he learned to control the banking equation, he has received, tax free, all the profits which would have gone to the banking and financial institutions.

This case study demonstrates firsthand that the “return of your money is always more important than the rate of return on your money.”

The Infinite Banking Concept is obviously a fact not fiction.

Dr. Tomas McFie of Life Benefits, Inc. Is a widley sought financial coach. He helps people and business owners recover 30-35% of the money they are currently spending through the practice of the Infinite Banking Concept as described in the book Becoming Your Own Banker