Candid advice from Dinarian Attorney -

Subject: A GOOD PIECE OF REALITY FROM MOTHER (an attorney)

I just wanted to shoot a quick note. I took the day off to get some real work done.   Hard to be in an office with phones ringing and folks just dropping in.  So I am hiding out at home in my private office.   Gheezzz I will actually get to hear Tony/DC myself today.   Have my Bluetooth speakers set up so I can work while listening.  Will be a new experience.

With that said I just wanted to take a moment and say – thank those of you for the kind letters and remarks.   I appreciate you being so gracious and kind when you write.   

However, the purpose of this is to state the following:  When this happens I am “gone” from the scene.  

 I am not going to engage in planning, any advising with anyone outside my dearest closest friends and family.   And for the most part I am going to have well over 10 figures to deal with myself if this comes in at the lowest.   

 I am going to be concentrating on “ME” and my loved ones and dearest friends who got me involved many years ago.   I owe it to my family and those who knocked me over the head to get involved.

Secondly, what a lot of you need to understand is the best help you can have is right where you are located.   I am not licensed in all 50 states and territories.

  Additionally, the liability is huge for an attorney to step outside of his own jurisdiction and try and practice.   Trust me there are wonderful people close to you.

 Thirdly, I read what Tony/DC said in the last conference call on Monday.  They shared rather candidly the reluctance of many financial institutions to want to do business with the “Dinarian” crowd.   I can tell you I have had the same thoughts albeit not for the same reasons.   And those reasons are legitimate. 

  Why would any bank throw open their arms to be later be rejected?   Why would any bank want to assist you when many have suggested “I am going to ask for cash and get all I can get out?” 

 Why would any bank want to give you the warm and fuzzies when on TNT, and other sites they are constantly bashed?  

 And how many times I have read and heard – “I want, I want, I want, I want this perk and that perk and this perk”.  I want that bank to roll out the red carpet etc.?  You have any idea how arrogant that sounds

 Put yourself in their shoes.  Why would any institution wish to deal with such grief?  And if you are well off why demand so many free things?  Why not be gracious and let them offer?

  This sense of entitlement is offensive.   It smacks of arrogance, commonness, ignorance, and just plain selfishness.  

  Sure Wells Fargo has to take everyone, but other banks.   They have standards and as they are responsible for protecting shareholder value and their current customers why take on the risk? 

  You know the saying with more money comes more responsibility.   They have the right to say “NO” Just as attorneys, accountants, investment advisors, financial planners, insurance specialist, and others all have the right to say “NO”.

  Just because a person has money does not bring entitlement.   So think about these things.   Think about how it sounds to folks monitoring the sites.   I understand I really do. 

 I have said “no” countless times more than I say “yes” because I do not want a client that brings me grief.   And I have the responsibility to protect my current loyal base of clients. Banks and financial institutions are the same way.  

 So Tony/DC were right – it is not arrogance by the banks but simply “defensive posturing”   Just saying. . .

 . Someone asked the other day where are all the lawyers, and financial people on the site? I wrote in we are lurking, why do many not say anything. . .”why would we when our suggestions are “questioned and demonized by armchair quarterbacks”?    Who needs that kind of grief?

  And again many are like me – we get up early go to work and the last thing we want to do is participate in a discussion and barrage of questions.   I can tell you if I am at the office, “it is open season”   There are days I wonder how I get anything accomplished.  

 Same with many other professionals.   We are here – we are listening and we are reluctant to say anything out of privacy, and honestly mental exhaustion after a long work day. 

 Fourth with the above said,  things you need to realize is that we live or at least a good percentage of us live in the United States, some live in other equally as good jurisdictions, UK, Australia, Canada, and others.

 1.      Banks in the United States most of them are publically held entities.   They are not owned or governed by the Federal Reserve

 2.      Banks have shareholders like you and me that the bank has a duty to maximize profits. . . and to do that they have to give outstanding customer service

 3.      The Federal Reserve is owned by the banks as members.   The Federal Reserve makes available through various “classes” of membership.   FDIC insurance, liquidity, advice in the form of economic news and suggestions.

 4.      Because they handle the nation’s currency sure they are regulated but we all want that.  We want banks to be safe, just like we want our utilities and airlines etc..   However opening a bank account is not a “right” it is a privilege.   It is part of like being a good citizen.

 Fifthly, each bank that participates will have Wealth Management/ Private Bankers folks that want to help you.   Don’t trash talk them or poor mouth them.  They are as Tony/DC shared misled in this whole process.  Treat them with respect, kindness, dignity.  And trust them as they help each of you put together a plan just for you. 

 Remember they live where you live, they live in your states, your cities, and your country.   They know the laws where you live.   They know accountants and lawyers who will be able to help you within the confines of the plan devised for you and do so within the laws of your jurisdiction.

  Remember each state has their own Trust laws.  You cannot just go online and download a trust and fill in the blanks.   Trust works both ways. So step up to the plate.  You now have money.  

 Be sophisticated be confident.   Quiet confidence is the best. Firm handshakes, be totally honest, and share your dreams, desires, goals and risk tolerance.

 They will help you devise a strategy that maximizes tax savings, asset protection and blesses you and future generations.

  Caveat: this process may take up to 6 months.  So do not get in a hurry, be patient work the process.    And when finished it will be an ongoing process to maintain and hold others accountable.