SELF BANKING
For every dollar you earn, you can either save it or spend it. When saving, it is wise to place it in an environment which meets these four requirements:
- Safety – Prevent loss of principle.
- Use and Control – Easy access to money when you need it.
- Rate of Return – A competitive return on your money.
- Tax Advantages – Pay little, no current or future taxes.
When spending your money, you face these three critical choices everyday:
- Borrow – Use someone else’s money and pay interest.
- Pay Cash - Use saved money to pay cash.
- Be the Bank – Act as your own financial institution.





