The Government is Similar to an Out-of-Control HOA | Your Personal Bank Ep 59

The Government is Similar to an Out-of-Control HOA | Your Personal Bank Ep 59 | 10-22-24

Ferenc Toth is founder of Your Personal Bank TM. He is passionate about helping people gain control of their money, create tax-favored income, and having access to more funds over their lifetime! Ferenc is a voice for common sense. He cuts through the noise to help us understand how current events affect our money.

The recent hurricanes demonstrated that reliance on government is unwise. It could even get you killed.

The FEMA website offered $750 to US citizens who lost everything in the recent hurricane that destroyed much of western North Carolina. FEMA also recently announced they did not have the funds for another hurricane. Why did FEMA supposedly run out of money?

According to the FEM website, they granted nearly a billion dollars to communities that recieved migrants over the past two years. Congress did not authorize this. Americans did not vote for this. The Biden-Harris administration stole the money to fund an illegal alien resettlement agency.

The Biden-Harris administration also took $230 Billion from Medicare to fund EV tax credits. When costs increased they took more money to delay premium spikes before the election. The Congressional Budget Office estimates this will cause a $21 Billion reduction of the Medicare Trust Fund. It is estimated Medicare part D premium will increase from $30 to $142 per month in 2025.

The Biden-Harris administration is out of control. They are not following procedures, rules, laws, or the Constitution. The government is similar to an out-of-control HOA. It has a narrow and limited purpose, yet has far exceeded its authority. Our founding fathers would have overthrown the current government already. We have an opportunity to replace the government with this election. Vote accordingly.

Regardless of who wins this election, there is likely significant uncertainty and volatility ahead.

Reduce your market risk. Reduce your future tax liability. Increase liquidity. Create positive cash flow on your money.

The good news is this is the best time in 42 years to invest in an annuity or high cash value Your Personal Bank insurance policy. This is a generational opportunity to take advantage of higher returns on insured assets with guarantees.

Dividend rates are clearly on an upward trend due to higher interest rates than the past decade. Even if the Federal Reserve continues to lower rates from their current level, no one expects them to lower to the near zero levels of most of the past decade.

Insurance companies invest heavily in bonds. The bonds they have been purchasing for the last couple of years are far more profitable than the bonds they purchased most of the past decade. This is expected to continue for the next 3-5 years if not longer.

At the same time, borrowing rates are clearly on the decline. If the Federal Reserve lowers interest rates another 2% as they project over the next year or so, positive arbitrage will increase.

Dividend rates are currently about 6% and are expected to increase to about 7% over the next few years.

Borrowing rates using Your Personal Bank policies as collateral are currently about 5-6% and are expected to decrease to about 4-5% in the next year or so.

If you are earning 6-7% dividends on your money, then are charged 4-5% when you borrow, what is your money doing?

You still would gain 2-3% annually on money you accessed to invest in an asset, purchase an item, or pay off an expense.

This is the power of Your Personal Bank!

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The Federal Reserve Lowered Interest Rates the First Time in 2025, Now What? | Your Personal Bank Show | 09-30-25