The Real Truth About Offshore Bank Accounts

Written by Merrill Noreen


Have you ever joked about putting your money in a Swiss bank account? Haven't we all, at one time or another, thought about how wonderful it would be to stash our cash somewhere outsiderepparttar country?

Well, lots of North American entrepreneurs aren't just joking about it, they're doing it. And in lots of other offshore locations besides Switzerland, too.

Did you know that it's perfectly legal to put YOUR money wherever you want? Traditionally, offshore bank accounts have only been an option forrepparttar 112820 very wealthy or for large multi-national corporations, but that's changing. There are now some real advantages for any entrepreneur to consider placing at least a portion of their hard-earned cash in offshore bank accounts.

The first and most obvious reason to place your money offshore isrepparttar 112821 substantial tax benefits. Many countries are understandably proud of their 'tax haven' status and secrecy provisions, and have developed numerous user-friendly financial vehicles to help entrepreneurs from all overrepparttar 112822 world safeguard their money. In many cases, you are invited to invest your money rather than just 'park' it, resulting in boosts to that country's economy - a welcome bonus forrepparttar 112823 country, and a way for you to feel good about your decision to take your money offshore.

Some offshore institutions even allow you to become a member of an investment 'consortium' so that you haverepparttar 112824 ability, as a 'partner,' to invest your income and take advantage of international fund investments to 'grow' your money while it's there.

A PENNY SAVED IS A PENNY EARNED

Written by Jack Lambert


Benjamin Franklin as well as a whole lot of other people have said that. Everyone wants to earn more money! So do I! However, we can also have a lot more money to work with if you use our money wisely! Am I an expert on this? My friends think so and have encouraged me to share some of my ideas. Below are a couple of tips on two ofrepparttar biggest invesments we make - a house and a car!

I never payrepparttar 112819 sticker price on a car, whether it is new or used. ALWAYS offer them less. Offer them less than you are willing to pay. They will 99% ofrepparttar 112820 time make you a counter offer! If they don't, you have to decide if you wantrepparttar 112821 car badly enough to pay their price. Even if you are willing to pay their price, you can try this; put a serious look on your face, and think about it a while. Then get up and head forrepparttar 112822 door. Chances are at that point,repparttar 112823 salesman will make you a counter offer! If not, you can leave him your telephone number and once again, chances are, he will call you beforerepparttar 112824 day is out. If it is afternoon,repparttar 112825 possibility of that particular car selling is not very high. If you still feel you can't live without that carrepparttar 112826 next (REMEMBER THE NEXT DAY) go ahead and call him and pay his price. Maybe it was a good deal and you both will be happy.

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