Financial Institutions are only intermediaries between us and our money. In order for them to make a profit, they must convince us to do the above four things.

Financial Strategies promoted by Financial Institutions.

1. Compound Interest
2. Dollar Cost Averaging
3. Term or Group Life Insurance
4. Payroll deducted qualified plans
5. Low deductibles on insurance
6. Uniformed Gift to Minors Accounts
7. Non deductible loans, credit cards, etc.
8. Mortgages for less than thirty years
9. Prepaying mortgages by accelerating payments
10. Municipal or Zero-Coupon Bonds

The examples above are promoted by financial institutions, their agents, brokers or representatives as winning financial strategies for their customers. Only through a personal financial engineering evaluation will these strategies be proven to be effective or ineffective.