By Jason K. Powers To understand the unique approach of the Infinite Banking Concept (IBC), it's essential to first delve into the foundational practices of the modern U.S. banking system - particularly, fractional reserve banking. This system, where banks are required to keep only a fraction of their total deposits in reserve and are free to lend out the remainder, is...
The Commerce Clause Loophole: Not to belabor an old government class point on the Constitution, but the original intent of the Commerce Clause was intended to assist the federal government in smoothing over state to state conflicts so that interstate business transactions could be fostered. James Madison in the Federalist Papers (#42) sought a broad reading of the Commerce Clause,...
By Jeffery S. Watson This is the eighth and final email in a series discussing eight bad "D"s to consider when drafting an operating agreement for an LLC. If you have missed any of the previous emails in this series, you can visit WatsonInvested.com, click on the "Articles" tab at the top of the home page and find them there. 8. DECLINE Unfortunately,...
By Jeffery S. Watson This is the seventh in a series of emails discussing eight bad "D"s to consider when drafting an operating agreement for an LLC. 7. DEBT Too much debt will cripple or kill a company. An LLC operating agreement needs to contain clear language, which is agreed to in advance by all members, as to how much debt the LLC will...
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Kamala Harris Says She’s Ready To Take On Landlords At a recent speech in Atlanta, GA, Vice President Kamala Harris made it clear that she’s interested in continuing many of the Biden Administration’s...
By Brad Beckett The Visual Capitalist reminds us that a state's tax burden measures the percent of an average person’s income that is paid towards state & local taxes. It considers property taxes, income taxes, and sales & excise tax. Today's graphic visualizes the total tax burden by U.S. state.....Watch your wallet, stay safe, and have a Happy Friday!!!
By Jeffery S. Watson This is the sixth in a series of emails discussing eight bad "D"s to consider when drafting an operating agreement for an LLC. 6. DRUGS When I use the word “drugs”, I’m referring to anything of an addictive nature, such as prescription or nonprescription drugs and alcohol. It can include any addictive behavior that is detrimental to the person or...
WEEK 4: Together We Are Stronger: Building a Collective Voice for Property Rights Now is the time to give you an introduction to advocacy and engagement strategies. In this issue we are going to talk about the importance of collective action and how you can leverage your community to influence legislative outcomes. We will touch on two things: Advocacy-Step by Step Getting Others Involved Advocacy-Step...
By Jeffery S. Watson This is the fifth in a series of emails discussing eight bad "D"s to consider when drafting an operating agreement for an LLC. 5. DISINTEREST I have been involved in more than one LLC in which one of the member-owners became disinterested with the day-to-day operations of the LLC once they realized the LLC was not going to be...
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Existing Home Sales Drop 5.4% in June The National Association of Realtors is reporting that existing home sales were down 5.4% in June to a seasonally-adjusted annual rate of 3.89 million - and...