King Solomon
Sphinx
- Joined
- Aug 8, 2021
- Posts
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I'm not using the ultimate cheat codes of having a high paying job, changing your status to be tax free or claiming your strawman to discharge all debt and pay all bills. That's too much time and effort to the NPC.
I'll give a brief intro to start and fill in the specifics later l.
Example
I. Home loan at 300k 3 percent interest rates.
A. you have an average wage slaver salary at 70k in America
B. Create 2-3 businesses and obtain your EINs.
C. Ensure your credit score is at least 700 minimum or use a temporary authorized user of a friend or family members to boost you over 700 or pay $500 to a business to give you access to an AU account to temporarily boost your score
1. Acquire maxed out credit lines from Navy federal credit Union at 25k each and 7.5k cash withdrawals and obtain 3 of them. Yes you can get these high credit lines with a normie salary as I did it myself as a junior Cyber security Analyst in 2011 on an 80k a year salary.
2. Acquire 75k of business credit cards at 0% interest rates, $0 annual fee and a bonus of $0 balance transfers if you can find them. That's 225k in business credit.
- yes you can acquire these even if your businesses haven't made a dime.
3. Acquire 50k in personal credit cards at 0% interest rates, $0 annual fee and $0 balance transfer if possible.
4. The goal is to have these as 0% interest for 21-24 months .
5. Aim for the highest rewards possible.
Rewards should be around 1.5% cash back.
D. Take the 300k of credit cards and pay off the entire mortgage in one payment or a few payments within a week through money orders and some balance transfers if possible for the free cash.
1. Balance transfers if allowed by the card for free gives you free cash but the limits are low like 10k for each navy fed card so 30k at $0.
2. Money orders at Walmart are $1 per 1k. You can get 10k per day at one wal mart so jump around to 10 local Walmarts and get 100k per day and in 3 days you have 300k for $300 unless you use some balance transfers to save $30 which is basically the gas money.
3. Since you have paid off the house in full right off the bat in month one you pay 0% interest.
4. Since you paid in full with credit cards buly using the money orders you get 1.5% cash back or $4,500.
E . Utilize the power of a dividend paying Index Universal life insurance policy. This needs to be set up before starting the process.
1. 25% annual returns over the last decade.
2. Borrow against the policy tax free
3. Policy grows as though you never took a dime with dividend drip reinvestments and annual growth.
4. Roll in 150k into the fund and in 2 years
-or if you are just getting started and have no money then you fund the policy with 150k in 0% interest cards for 24 months.
-you will have to use the rinse and repeat strategy since you have a normie salary. So it will take another 2 years most likely.
5. Dividends are at 5 percent .
6. Pay just $150 a month into the fund
-the fund will be at 200k after 2 years. You'll have 315k after just 4 years.
F. Pay Off the credit cards
1. So say you have 24 months to pay off the credit cards but you only have a 70k a year job so say you can put in 4.5k per month list the 4.5k cash back for a total of 112.5k by the end of the 24 months. Oh no, you now have to pay 20 percent interest on those cards. Nope.
2. This is where you use velocity banking as this IUL is basically your own private superior bank.
a. Use the private bank and take a loan against your policy as the policy is collateral. Now borrow 188k to pay off the cards completely.
b. You will have 3% interest on this loan.
c. Take out more interest free cards and pay off that loan before it accumulates any interest. You will want to acquire these cards before you take out the loan.
d. Another 2 years passes and say you have paid off 88k on your cards and you still have 100k left. What options do you have?
-you can rinse and repeat the process or you can pay off the loan with the increase in your IUL you made from the previous year which is 102k of gains from last year. The policy is 499k after 6 years.
-you'll make about another 3k from paying off the cards this time for a grand total of 7.5 k for just making your payments. Paying your mortgage never pays you money at least not directly.
F. Summary:
From an NPC slave wage job and being a vaxxed cattle tax slave and a normie debt slave with no savings or investments, you still managed to pay off the entire mortgage on the first month, you paid $0 interest on any of the loans. You leveraged the power of personal and business credit cards with 0% interest for 24 months. Now if the terms are shorter you just adjust your timing for taking out the loan from your policy. Then you took out a loan against your IUL policy and paid off the cards. You then paid off the IUL loan with more cards and finally paid off the cards with the interest from your IUL gained in the final year.
In total you paid $0 in interest for a 300k loan, you made $7.5k for paying off the cards and you only paid $192.5k of your own money from your slave wage job. You own your home after 1 month. Debt free after 6 years.
This doesn't even include what you made from your businesses. Let's just say both of them over that entire time made $0 after taxes fees and expenses so it neither hurt or helped your situation outside of obtaining more business cards.
Tips:
1. Max your credit score to are least 700 or use the power of authorized user
2. Start the IUL with at least 150k. If you don't have any investments to transfer then start with the credit cards.
3. Max out your credit cards as much as possible, list you gains from the stocks and life insurance policy as income.
There are vastly easier methods like discharging the debt via your CUSIP number, buying the property from a person who is tax delinquent and their property is about to be auctioned off. The adverse possession method works great since you can just rent out the home right away and bank roll it. In Arizona you only need to possess it for 3 years. I have one more method that's better than all these.
I'll give a brief intro to start and fill in the specifics later l.
Example
I. Home loan at 300k 3 percent interest rates.
A. you have an average wage slaver salary at 70k in America
B. Create 2-3 businesses and obtain your EINs.
C. Ensure your credit score is at least 700 minimum or use a temporary authorized user of a friend or family members to boost you over 700 or pay $500 to a business to give you access to an AU account to temporarily boost your score
1. Acquire maxed out credit lines from Navy federal credit Union at 25k each and 7.5k cash withdrawals and obtain 3 of them. Yes you can get these high credit lines with a normie salary as I did it myself as a junior Cyber security Analyst in 2011 on an 80k a year salary.
2. Acquire 75k of business credit cards at 0% interest rates, $0 annual fee and a bonus of $0 balance transfers if you can find them. That's 225k in business credit.
- yes you can acquire these even if your businesses haven't made a dime.
3. Acquire 50k in personal credit cards at 0% interest rates, $0 annual fee and $0 balance transfer if possible.
4. The goal is to have these as 0% interest for 21-24 months .
5. Aim for the highest rewards possible.
Rewards should be around 1.5% cash back.
D. Take the 300k of credit cards and pay off the entire mortgage in one payment or a few payments within a week through money orders and some balance transfers if possible for the free cash.
1. Balance transfers if allowed by the card for free gives you free cash but the limits are low like 10k for each navy fed card so 30k at $0.
2. Money orders at Walmart are $1 per 1k. You can get 10k per day at one wal mart so jump around to 10 local Walmarts and get 100k per day and in 3 days you have 300k for $300 unless you use some balance transfers to save $30 which is basically the gas money.
3. Since you have paid off the house in full right off the bat in month one you pay 0% interest.
4. Since you paid in full with credit cards buly using the money orders you get 1.5% cash back or $4,500.
E . Utilize the power of a dividend paying Index Universal life insurance policy. This needs to be set up before starting the process.
1. 25% annual returns over the last decade.
2. Borrow against the policy tax free
3. Policy grows as though you never took a dime with dividend drip reinvestments and annual growth.
4. Roll in 150k into the fund and in 2 years
-or if you are just getting started and have no money then you fund the policy with 150k in 0% interest cards for 24 months.
-you will have to use the rinse and repeat strategy since you have a normie salary. So it will take another 2 years most likely.
5. Dividends are at 5 percent .
6. Pay just $150 a month into the fund
-the fund will be at 200k after 2 years. You'll have 315k after just 4 years.
F. Pay Off the credit cards
1. So say you have 24 months to pay off the credit cards but you only have a 70k a year job so say you can put in 4.5k per month list the 4.5k cash back for a total of 112.5k by the end of the 24 months. Oh no, you now have to pay 20 percent interest on those cards. Nope.
2. This is where you use velocity banking as this IUL is basically your own private superior bank.
a. Use the private bank and take a loan against your policy as the policy is collateral. Now borrow 188k to pay off the cards completely.
b. You will have 3% interest on this loan.
c. Take out more interest free cards and pay off that loan before it accumulates any interest. You will want to acquire these cards before you take out the loan.
d. Another 2 years passes and say you have paid off 88k on your cards and you still have 100k left. What options do you have?
-you can rinse and repeat the process or you can pay off the loan with the increase in your IUL you made from the previous year which is 102k of gains from last year. The policy is 499k after 6 years.
-you'll make about another 3k from paying off the cards this time for a grand total of 7.5 k for just making your payments. Paying your mortgage never pays you money at least not directly.
F. Summary:
From an NPC slave wage job and being a vaxxed cattle tax slave and a normie debt slave with no savings or investments, you still managed to pay off the entire mortgage on the first month, you paid $0 interest on any of the loans. You leveraged the power of personal and business credit cards with 0% interest for 24 months. Now if the terms are shorter you just adjust your timing for taking out the loan from your policy. Then you took out a loan against your IUL policy and paid off the cards. You then paid off the IUL loan with more cards and finally paid off the cards with the interest from your IUL gained in the final year.
In total you paid $0 in interest for a 300k loan, you made $7.5k for paying off the cards and you only paid $192.5k of your own money from your slave wage job. You own your home after 1 month. Debt free after 6 years.
This doesn't even include what you made from your businesses. Let's just say both of them over that entire time made $0 after taxes fees and expenses so it neither hurt or helped your situation outside of obtaining more business cards.
Tips:
1. Max your credit score to are least 700 or use the power of authorized user
2. Start the IUL with at least 150k. If you don't have any investments to transfer then start with the credit cards.
3. Max out your credit cards as much as possible, list you gains from the stocks and life insurance policy as income.
There are vastly easier methods like discharging the debt via your CUSIP number, buying the property from a person who is tax delinquent and their property is about to be auctioned off. The adverse possession method works great since you can just rent out the home right away and bank roll it. In Arizona you only need to possess it for 3 years. I have one more method that's better than all these.
