In the USA it is very clear that we are very sue happy and there is a new lawsuit that is filed around every 30 seconds. If you have looked at these numbers you are aware that these numbers are higher than in the rest of the world, but you may be leaving yourself open to all kinds of issues if you do not have offshore investments. Lawsuits costs tons of money and there is a lot of risk you are taking on if you do not have a plan in place to deal with that.
The average person is not thinking about asset planning and protection. The average Joe is thinking about the next holiday that they are planning, and they are not thinking as well about other things that are very important such as asset planning. It is very important to have the right mindset and think about your planning. It is important to know what to watch out for and plan your financial future.
What Is Asset Protection And Why Is It Important To Me?
Asset protection is a means to ensure that you can protect all of your assets from other people. Those people can be lawyers or other family members or the government. Asset protection works by following laws and allowing you to work with lawyers to invest legally. There are many ways that you can work with offshore banks that will allow you to incorporate other plans and ensure that you are going to be happy with the result.
Why Are Offshore Investments Important?
The thing that you must think about is that in your home country you are going to be bound by all its laws as well as its techniques. That means that if you are not paying attention to those that you are evading taxes and you may be doing illegal accounting activities. The solution to all of this is to go offshore. When you are using those structures, you will be able to find new ways to protect your assets and know that you are going to save money. Although the assets are not going to be invisible, they are going to be much harder for other entities to try and get a hold of your money. You are really losing your money now if you are not protecting it offshore. How does this happen?
1. Tax Is Theft!
There is no reason to get political on this matter. When you look at the way that you are taxed to exist it is theft. It is important to put all of your money in a place that it can be protected and that you are going to ensure that you do not have problems with other governments who are trying to touch your hard-earned money. When you are not paying taxes, you should not be held back from asset protection, that is being taxed unfairly and losing your money.
The idea that taxation allows for benefits for all people is a bad theory. It looks great on paper, and there are some things like roads as well as others that are funded by money but also you must ask how much of your money is going to the right places? You must really think about it and decide what you think is good benefit and what is simply theft.
When you go offshore you are able to choose the places that hold your money and you are going to be able to put that money in places that are favorable to you and that is going to ensure that you have lower rates.
2. Being Diversified Appropriately
When it comes to investing, the key to success is always being diversified. That means that you want to spread all your assets out and you will have a better result to ensure you are not going to get wiped out. You need to look at all the assets out there and decide what things are going to be done you need to protect your assets everywhere not just in your home country. YOU need to think about when things go wrong you may not be able to get your hands on your own money, like what happened with Greece or Venezuela. You want to ensure you are investing in a location that has a very stable political location.
3. Protect Your Wealth And Assets From Your Biggest Danger! You!
The funny thing about people is that there are issues when it comes to money, the more you make, the more you tend to spend. What that means is that there are many professionals out there who are going to go bankrupt. Some people also do not have enough self-control when it comes to money. What that means is that you need to ensure that you have a plan and that you are not spending what you do not see in front of you. You need to set aside a large portion of your income and ensure that you are using it to build more wealth.
The money that you are setting to the side could also be put into a trust fund which will allow you to not be able to put your hands on it. If you put the money in a trust fund, it will not be yours anymore.
4. Political And Economic Issues Are Problems For Money
When it comes to where you are investing and living there may be problems with the location. When you have all your assets in your home country you may have other risks that you need to consider. You are putting yourself as well as your money at risk. What are you going to do when the economy of your country will collapse? You are going to need to think about the fact that when that happens there are going to be controls that are put in place that can lead you to not be able o withdraw your money. You may need to have a way to start over in another location, you cannot do that if all your assets are in your home country.
The Ultimate Guide to Going Offshore is an excellent manual that you can download and keep a copy for your personal library.