15 Things To Do If You Get Rich All of a Sudden
From Recaps Archives
15 Things To Do If You Get Rich All of a Sudden
In this Alux.com video we'll try to answer the following questions:
What should you do if you get rich all of a sudden?
What do to if you inherit money?
How to manage a large sum of money?
What should you do if you get rich?
From Recaps Archives
15 Things To Do If You Get Rich All of a Sudden
In this Alux.com video we'll try to answer the following questions:
What should you do if you get rich all of a sudden?
What do to if you inherit money?
How to manage a large sum of money?
What should you do if you get rich?
What do to if you win the loto?
How to manage wealth?
How to get wealthy?
How to maintain being rich?
How to keep your wealth?
How not to lose money?
Why do people go broke after they went rich?
How do people lose money?
What if you inherit a fortune?
I just inherited a million dollars, what do I do?
How to you being investing money?
What you should know about money?
VELOCITY OF MONEY From Recaps Archives
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
VELOCITY OF MONEY - From Virginia Gentleman
I know I don’t have to state the obvious …GO HAVE FUN WITH SOME OF YOUR NEW FOUND WEALTH. However, I would like to pass on some words of wisdom.
As we get ready to punch it in, please remember to act like you’ve been in the End Zone before. Take a deep breath and exhale slowly as you collect yourself with the full intentions of acting with class and integrity.
Respectful treatment of others will be an inherent responsibility of your new status, as well as respectful treatment of your money and assets. You owe this to yourself, your family, your neighbors, and your heirs.
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
VELOCITY OF MONEY - From Virginia Gentleman
I know I don’t have to state the obvious …GO HAVE FUN WITH SOME OF YOUR NEW FOUND WEALTH. However, I would like to pass on some words of wisdom.
As we get ready to punch it in, please remember to act like you’ve been in the End Zone before. Take a deep breath and exhale slowly as you collect yourself with the full intentions of acting with class and integrity.
Respectful treatment of others will be an inherent responsibility of your new status, as well as respectful treatment of your money and assets. You owe this to yourself, your family, your neighbors, and your heirs.
Don’t hoard it, and on the other hand, don’t waste it or give it all away. Save, invest, and spend wisely.
One of the single best things you can do with a small portion, and in effect a very small portion, is to be more generous over at least the next 18-24 months (or the longer) spending your money locally. What do I mean? The answer is the ‘VELOCITY OF MONEY’.
The Velocity of Money is a fairly simple financial concept where a ‘community’ can be positively impacted by the way a group of individuals increase the spending of their money in their economy, and in turn, the ripple effect of that spending as it accelerates throughout that same economy.
It can be local, regional, national, and even global. Velocity of money is most effective in a smaller market with the smaller more predictive population of a local economy, and it isn’t just effective, it is fun for the people spending their increased earnings, or in this case, significant returns on an investment. Yep, that is you!
Anyone who has ever lived in a small town or Suburban area where a new large company has come in and opened a large facility and hired a large amount of employees has witnessed this phenomenon.
Money gets pumped in and spending from increased disposable income begins to spread out through the entire community finding its way into the wallets of all the inhabitants.
The goal is to spend your money at local establishments on services, appliances, home improvements, food, entertainment, and such.
More precisely on things like tipping an extra 5-15 percent, using a valet to park at the local steakhouse (tipping extra), go hear a local band (put money in the tip jar), buy cheese or pork or beef at a farmers market instead of 2 month old shrink wrapped processed cheese from a Big Box store or grocer, get an extra manicure or haircut (tipping extra!), get your car repaired at the mechanic down that side road instead of Walmart or the Dealer, buy those nicer hiking boots ‘Made In America’.
Get your computer cleaned up by that geek in the shop she set up in the old 7-11 building, buy your lumber from the local milled lumber supplier not the National Chain hardware store, deal with a local community bank or credit union with a substantial portion of your money… you get it now right.
Think about it. You may be spending either the same amount or perhaps an extra 10-20%, and you’re getting the same things… OFTEN WITH THE BONUS OF MUCH HIGHER QUALITY PRODUCTS WHILE GETTING TO KNOW YOUR NEIGHBORS ON MAIN STREET!!!
I personally look forward to trying some of the world’s best Craft Breweries in Richmond (tipping generously) and touring some of Virginia’s wineries (tipping generously)… jealous of you Kentucky folks that can tour the best ‘Bourbon’ distilleries on the planet, or you ‘Whiskey’ lovers in Tennessee just outside of Fayetteville down the Admiral Frank B Kelso highway or those in Nashville who can wander in a restaurant and catch a ‘local’ band like Kenny Chesney, lol. Believe it!
By doing this the dominoes of positive change begin to fall within your local community. The ripple effect is that the waiters, mechanics, manicurists, hairstylists, valet, carpenter, plumber, artisan cheesemaker, farmer, and others in your community begin to make more money.
And what do they do? They go out and spend more, tip more, consume more. Your local tax authority makes more sales tax revenue and spends it on improvements.
I’m in America, but the Velocity of Money is true in Canada, Great Britain, Iraq, Vietnam, or anywhere. And guess what? Since this is fun stuff you’ll be doing while spending your hard earned money, you will also be wearing a BIG smile.
There is nothing more infectious and quick to spread goodwill than passing on your smile accompanied by kind words. So be wise with your prosperity and have some fun …LOCALLY.
Even pay attention to those companies being loyal corporate citizens to us through the new incentives to stay and manufacture here, and be loyal to them.
The fruit you bear will fall from your tree and spread its seeds…
Live and grow in the nine fruits of the Spirit and you will sow the nine fruits…
Love, Joy, Peace, Patience, Kindness, Goodness, Gentleness, Faithfulness, and Self-Control.
Take care –Virginia Gentleman
How to Prepare for a Last-Minute RV, Go Bag Essentials
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.) Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records!
Iraqi Dinar Breaking News: How to Prepare for a Last-Minute RV, Go Bag Essentials
Wed. 4-30-2025
The air is thick with anticipation, fueled by whispers and rumors of a potential revaluation (RV) of the Iraqi Dinar (IQD) and Vietnamese Dong (VND).
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.) Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records!
Iraqi Dinar Breaking News: How to Prepare for a Last-Minute RV, Go Bag Essentials
Wed. 4-30-2025
The air is thick with anticipation, fueled by whispers and rumors of a potential revaluation (RV) of the Iraqi Dinar (IQD) and Vietnamese Dong (VND).
If you’re holding either of these currencies, you know the potential – and the imperative to be prepared. But are you truly ready?
This isn’t just about having your currency stashed away. It’s about having a meticulously planned “Go Bag” ready to grab at a moment’s notice, ensuring a smooth and successful experience when that RV appointment finally arrives.
Let’s dive into the essential checklist that could be the difference between capitalizing on this opportunity and missing out.
The potential for an Iraqi Dinar or Vietnamese Dong revaluation is a significant opportunity. Take the time now to assemble your Go Bag, review your documents, and ensure you are fully prepared.
This proactive approach could be the key to unlocking your financial future. Don’t leave it to chance; be ready to seize the moment!
7 Big Mistakes to Avoid When Exchanging Dinar or Dong
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)
Iraqi Dinar Breaking News: 7 Big Mistakes to Avoid When Exchanging Dinar or Dong
4-25-2025
For years, many have speculated about the potential revaluation of the Iraqi Dinar (IQD) and Vietnamese Dong (VND). The hope is that these currencies will significantly increase in value, potentially offering holders a substantial return on their investment. But are you truly prepared for that revaluation day?
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)
Iraqi Dinar Breaking News: 7 Big Mistakes to Avoid When Exchanging Dinar or Dong
4-25-2025
For years, many have speculated about the potential revaluation of the Iraqi Dinar (IQD) and Vietnamese Dong (VND). The hope is that these currencies will significantly increase in value, potentially offering holders a substantial return on their investment. But are you truly prepared for that revaluation day?
According to Iraqi Dinar Breaking News, the exchange process can be fraught with peril. One wrong move could cost you thousands, or even millions, of dollars. Their latest video exposes the 7 biggest mistakes currency holders make during the exchange process, arming you with the knowledge to avoid these costly pitfalls.
This isn’t just about luck; it’s about preparation. Here’s a glimpse into the critical errors you need to avoid:
1. Missing or Incomplete Documentation: You won’t be able to exchange your currency without the proper paperwork. This includes proof of ownership, identification, and potentially even purchase history. Get your documents in order now and ensure they are easily accessible.
2. Unverified or Damaged Notes: Not all IQD or VND notes are created equal. Learn how to identify genuine currency and ensure your notes are in acceptable condition for exchange. Avoid accepting damaged or suspicious-looking notes.
3. Breaking Non-Disclosure Agreements (NDAs): In some scenarios, you might be asked to sign an NDA regarding the details of your exchange. Breaking these agreements can have serious legal and financial repercussions. Understand the terms and conditions before signing anything.
4. Tax Implications Ignored: The revaluation of a currency can trigger significant tax liabilities. Don’t get caught off guard! Consult with a financial advisor or tax professional to understand the tax implications of your potential gains and plan accordingly.
5. Trusting the Wrong People: The excitement surrounding a revaluation can attract scammers and fraudsters looking to take advantage of uninformed individuals. Be wary of unsolicited offers, guarantees, and high-pressure tactics. Only work with reputable and licensed exchange professionals.
6. Disorganization and Lack of Preparation: A chaotic approach to the exchange process can lead to missed deadlines, forgotten documents, and costly errors. Organize your currency, paperwork, and financial plans well in advance.
7. Failing to Properly Prepare Your 25K IQD Notes (If Applicable): The video highlights the specific importance of properly preparing 25,000 IQD notes. This might involve specific cleaning, handling, or documentation procedures. Failing to follow guidelines for these notes could significantly impact their exchange value.
Investing in the IQD or VND is a speculative venture. While the potential rewards are enticing, it’s crucial to approach the situation with a well-informed and cautious mindset. Don’t let your dreams of financial freedom be shattered by avoidable mistakes.
Take the time to educate yourself, prepare diligently, and seek professional guidance. By avoiding these 7 common errors, you’ll significantly increase your chances of a successful exchange and potentially unlock the financial gains you’ve been hoping for.
Suggested Bank appointment for Currency EXCHANGE Instructions/Checklist
From Recaps Archive by request……..
Note: All items on the checklist may or may not apply to your own individual circumstances…some of the items listed may or may not still be applicable at your exchange apt....ask your banker at the time of your appointment.
Suggested Bank appointment for Currency EXCHANGE Instructions/Checklist
For your own records
Bank Name_________________________________________
I have________________________ IQN(Iraqi)currency
From Recaps Archive by request……..
Note: All items on the checklist may or may not apply to your own individual circumstances…some of the items listed may or may not still be applicable at your exchange apt....ask your banker at the time of your appointment.
Suggested Bank appointment for Currency EXCHANGE Instructions/Checklist
For your own records
Bank Name_________________________________________
I have________________________ IQN(Iraqi)currency
I have________________________VNN(Vietnamese)currency
I have________________________1000 notes from2000 ofIDN (Indonesian)currency
I have_________100Trillion,________50Trillion,_______20Trillionand_______10Trillion
2008AAnotesofZWN(Zimbabwe)currency
FILL IN THE BLANKS for EXCHANGE appointment information that you get from the call
center representative:
Your appointment Information:
Date_________________________
TIME_________________________
The Location____________________
------------
The Day of Your Appointment- Things To Do
1. Make sure you know where you are going. Arrive early so you can “get yourself together, take a deep breath”.Do not loiter. If you are too early, stay SECURELY in the general area but not in the bank
parking lot!
2. Remember to get in and get the EXCHANGE done, there a lot of other people behind you in line so be thoughtful of their time as well.
You will have time for questions at your second appointment with your new Private Banker/Wealth Manager.
3. Be discrete, be professional, and be alert and aware of your surroundings. BREATHE! Seriously consider hiring security to accompany you to your appointment or bring a trusted friend.
4. Collect business cards from everyone or take their name and phone numbers as well as the location of their regular branch office.
5. Read and Sign the NDA. If it is simple and states you cannot tell anyone except your spouse, lawyer, or CPA (These are the people that need to know how you came about your money for tax purposes) how you came about all of your new found wealth, sign it and move forward with your exchange.
Be prepared to uphold it!
If you break the terms, you could lose your newfound wealth.
If the NDA is more complex and you are not comfortable with it, simply let them know you would like to explore your options with another banking institution. They may or may not waive the NDA.
REMEMBER TO GET A COPY OF THE NDA IF YOU SIGNED IT.
--------------
The Day of Your Appointment Things NOT To Do
Do not demand anything while at the bank or act like a lunatic, you will be escorted out.
Remember the Golden Rule “Treat others the way you wish to be Treated”!!!
------------
Suggested Items to Bring to the EXCHANGE Appointment
(Check off the list as you put all items needed together to make sure you remember everything)
“Driver’s License
“Second form of ID (a credit card or passport)
“Your most recent utility bill (Water, power, etc.) to confirm residency in case you have never held an account with the bank you will be exchanging with or for another form of ID
“Power of Attorney Paperwork (If you are exchanging for someone else)
“A pad, pen to take notes, calculator
“Receipts for all currency purchased or gifting letter if they were a gift in case they are needed (Do not offer them, only do so if they are requested)
“IQN / VNN / IDN / ZWN currency
“Have your TOD designees (Transferable on Death) full legal names, phone numbers, addresses and Social Security Numbers written down that you want listed on your accounts.
You can have multiple TOD designations per account (Wife/Husband, Children, Grandchildren, Nieces/Nephews, etc.)
“Have a list of Cashier’s Checks you will need, if any, along with the exact amounts and who they need to be Payable to
~~~~~~~~~~
New Account Numbers for each Currency EXCHANGED
( SOME SAY TO NOT EXCHANGE ALL CURRENCIES IN TO ONE ACCOUNT, OPEN SEPARATE ACCOUNTS FOR EACH CURRENCY!!!!...BUT THAT MAY HAVE CHANGED OVER THE YEARS)
Name of Bank Exchanger____________________________________________
Bank____________________________________________
Branch___________________________________________
Checking Account Number__________________________________________
Checking Routing Number__________________________________________
Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not touch until Tax Time)_________________________________________
Add TOD (Transferable on Death) Names to Accounts (Checking and Savings)
“Make sure you receive copies of the deposit slips and all account information
“Get Clean and Clear Certificates – at least 10 or more (Documentation that your money is not tied to anything illegal)
“Get starter checks if needed until your checks arrive
“Get ATM card if you want one
“Set up Online Banking if wanted
“Inquire about Extra Insurance for your funds __________
(Use the same format for all currencies if they are also exchangeable at this time)
~~~~~~~~~~~~~~~
DID YOU GET A COPY OF YOUR SIGNED NDA?
Set second appointment with a Private Banker or Wealth Manager (The bank will guide as to who you need to speak with based on your EXCHANGE/deposit amount
This appointment will be the one in which you discuss all of your options for investment and
your “perks”
Private Banker Name__________________________
Telephone Number____________________________
Appointment time______________
Location___________________________
Example of Bank appointment for Currency EXCHANGE Instructions/Checklist
From Recaps Archive by request……..
Note: All items on the checklist may or may not apply to your own individual circumstances…some of the items listed may or may not still be applicable at your exchange apt....ask your banker at the time of your appointment.
Bank appointment for Currency EXCHANGE Instructions/Checklist
For your own records
Bank Name_________________________________________
I have________________________ IQN(Iraqi)currency
From Recaps Archive by request……..
Note: All items on the checklist may or may not apply to your own individual circumstances…some of the items listed may or may not still be applicable at your exchange apt....ask your banker at the time of your appointment.
Bank appointment for Currency EXCHANGE Instructions/Checklist
For your own records
Bank Name_________________________________________
I have________________________ IQN(Iraqi)currency
I have________________________VNN(Vietnamese)currency
I have________________________1000 notes from2000 ofIDN (Indonesian)currency
I have_________100Trillion,________50Trillion,_______20Trillionand_______10Trillion
2008AAnotesofZWN(Zimbabwe)currency
FILL IN THE BLANKS for EXCHANGE appointment information that you get from the call
center representative:
Your appointment Information:
Date_________________________
TIME_________________________
The Location____________________
------------
The Day of Your Appointment- Things To Do
1. Make sure you know where you are going. Arrive early so you can “get yourself together, take a deep breath”.Do not loiter. If you are too early, stay SECURELY in the general area but not in the bank
parking lot!
2. Remember to get in and get the EXCHANGE done, there a lot of other people behind you in line so be thoughtful of their time as well.
You will have time for questions at your second appointment with your new Private Banker/Wealth Manager.
3. Be discrete, be professional, and be alert and aware of your surroundings. BREATHE! Seriously consider hiring security to accompany you to your appointment or bring a trusted friend.
4. Collect business cards from everyone or take their name and phone numbers as well as the location of their regular branch office.
5. Read and Sign the NDA. If it is simple and states you cannot tell anyone except your spouse, lawyer, or CPA (These are the people that need to know how you came about your money for tax purposes) how you came about all of your new found wealth, sign it and move forward with your exchange.
Be prepared to uphold it!
If you break the terms, you could lose your newfound wealth.
If the NDA is more complex and you are not comfortable with it, simply let them know you would like to explore your options with another banking institution. They may or may not waive the NDA.
REMEMBER TO GET A COPY OF THE NDA IF YOU SIGNED IT.
--------------
The Day of Your Appointment Things NOT To Do
Do not demand anything while at the bank or act like a lunatic, you will be escorted out.
Remember the Golden Rule “Treat others the way you wish to be Treated”!!!
------------
Items to Bring to the EXCHANGE Appointment
(Check off the list as you put all items needed together to make sure you remember everything)
“Driver’s License
“Second form of ID (accredit card or passport)
“Your most recent utility bill (Water, power, etc.) to confirm residency in case you have never held an account with the bank you will be exchanging with or for another form of ID
“Power of Attorney Paperwork (If you are exchanging for someone else)
“A pad, pen to take notes, calculator
“Receipts for all currency purchased or gifting letter if they were a gift in case they are needed (Do not offer them, only do so if they are requested)
“IQN / VNN / IDN / ZWN currency
“Have your TOD designees (Transferable on Death) full legal names, phone numbers, addresses and Social Security Numbers written down that you want listed on your accounts.
You can have multiple TOD designations per account (Wife/Husband, Children, Grandchildren, Nieces/Nephews, etc.)
“Have a list of Cashier’s Checks you will need, if any, along with the exact amounts and who they need to be Payable to
New Account Numbers for each Currency EXCHANGED
( SOME SAY TO NOT EXCHANGE ALL CURRENCIES IN TO ONE ACCOUNT, OPEN SEPARATE ACCOUNTS FOR EACH CURRENCY!!!!...BUT THAT MAY HAVE CHANGED OVER THE YEARS)
Name of Bank Exchanger____________________________________________
Bank____________________________________________
Branch___________________________________________
Checking Account Number__________________________________________
Checking Routing Number__________________________________________
Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not touch until Tax Time)_________________________________________
Add TOD (Transferable on Death) Names to Accounts (Checking and Savings)
“Make sure you receive copies of the deposit slips and all account information
“Get Clean and Clear Certificates – at least 10 or more (Documentation that your money is not tied to anything illegal)
“Get starter checks if needed until your checks arrive
“Get ATM card if you want one
“Set up Online Banking if wanted
“Inquire about Extra Insurance for your funds __________
(Use the same format for all currencies if they are also exchangeable at this time)
~~~~~~~~~~~~~~~
DID YOU GET A COPY OF YOUR SIGNED NDA?
Set second appointment with a Private Banker or Wealth Manager (The bank will guide as to who you need to speak with based on your EXCHANGE/deposit amount
This appointment will be the one in which you discuss all of your options for investment and
your “perks”
Private Banker Name__________________________
Telephone Number____________________________
Appointment time______________
Location___________________________
Some Possible Exchange Appointment Questions compiled by KTFA Members 11-24-2024
Some Possible Exchange Appointment Questions compiled by KTFA Members 11-24-2024
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.) Some of these may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records!)
Clare: THESE ARE FRANK’S BANKS QUESTIONS THAT YOU MAY WANT TO SAVE FOR YOURSELF...
IF I DEPOSIT MY PROFIT IN YOUR BANK ............ HOW MUCH WILL YOUR FDIC COVER MY ACCOUNT
WILL YOUR BANK CONNECT ME WITH YOUR INSURANCE COMPANIES?.......
Some Possible Exchange Appointment Questions compiled by KTFA Members 11-24-2024
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.) Some of these may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records!)
Clare: THESE ARE FRANK’S BANKS QUESTIONS THAT YOU MAY WANT TO SAVE FOR YOURSELF...
IF I DEPOSIT MY PROFIT IN YOUR BANK ............ HOW MUCH WILL YOUR FDIC COVER MY ACCOUNT
WILL YOUR BANK CONNECT ME WITH YOUR INSURANCE COMPANIES?.......
WILL YOUR BANK GIVE ME A CARD TO WITHDRAW UNLIMITED AMOUNTS?.............
DO I NEED APPOINTMENTS TO WITHDRAW CASH ?
WILL YOUR BANK ESTABLISH A CASH RESERVE FOR MY ACCOUNTS?......
YO YO YO MR BANKER ...... U ALL GOT "CDARS" TO PROTECT ME WITH ?......FRANK26
~~~~~~~~~~~~~~
THE FOLLOWING QUESTIONS ARE FROM PREMIUM MEMBERS THAT WERE POSTED IN CHAT
1. Will you confirm the validity of my notes in house?
2. What is the spread?
3. Will they pay for the insurance on my money if I leave it in their bank?
4. How will you guarantee that my funds will be safe in your keeping?
5. Can I have my bank accounts locked down and the only one that can see my accounts is the Manager and I?
6. If I leave my money here for a set time how much interest can I get.?
7. Can I get my dinar exchanged into the USDC. Digital Dollar and sent to my crypto wallet?
8. Will they guarantee to match any better offer from another bank, so I know I am getting the best deal available by banking here?
9. How many accounts can I open up at one time?
10. If I exchange all of my foreign currency through your bank, would you charge me any service fees for the exchanges???
11. What perks above and beyond what you give to regular customers can you provide to me if I deposit with you?
12. What can you offer me that another financial institute won’t? Why should I select your institution?
13. Transfer limits?
14. How much is it to insure my bank accounts from someone hacking into my bank accounts?
15. If I only exchange some now but will be back to exchange a lot more later could I get a better spread on first exchange too?
16. Can you provide space to store gold and silver?
17. What will be your fee.. will it be determined by funds remaining in account, or amount of conversion , or both??
18. Is there a dedicated contact number or person that I can speak with in regards to my account without being routed to a call center?
19. What type of timeframe is There when I request fund to be transferred to a outside Account and is there a transfer limit?
20. If for any reason your bank takes my money and then says the FDIC will help you(I don’t believe they will but not in my lifetime) what kind of policies do you have in place to stop this from happening?
21. Can use this with our exchanges, https://www.intrafinetworkdeposits.com/
22. Can I get separate guarantees at each of your branch banks my money is in by having separate accounts?
23. Can I have a non interest bearing account and only make bank withdrawals from my trust? Is it possible not to have a debit card for my account?
24. What type of protection do you offer for a hacking incident through your security into my account via debit card attack?
25.Is it better to get a credit card with a high balance to get instead of a debit card so no one can get a hold of my accounts, wouldn’t this be better option then a debit card?
26. How many cashier's checks can I get on the first appointment
27. Is there a way to keep local tellers from knowing how much money you have?
28. Will your bank have the necessary equipment in house to validate the notes at the time of exchange.
29. In the news there was some stories that certain bank(s) seemed to freeze accounts over someone’s political position, is that a concern here? (shame we have to ask this now a days) imo
30. Will you offer help with our tax questions?
31. Will you have any objections to come to my attorney’s office and be recorded while doing my exchange?
32. Bank? do you have De La Rue machine?
33. How many interest-bearing accounts can I have for compounding interest from the principal?
34. How many derivatives does your bank hold?
35. Would I have a dedicated person to inform me on the growth of the rate throughout the year?
36. Will we have free access to a wealth management team?
37. Bank? Will I get a no fee account if I deposit my money with you?
38. Can you guarantee that my account would not be used to train tellers?
39. What perks will I get with my account?
40. What high-yield accounts are available at the multi-million $ level?
41. At what deposit point $ (my deposits / others I direct to deposit) will I "NOT" have to pay a spread fee?
42. Can you get me in SILVER OR GOLD for my currencies and I prefer not to keep them at home, how does it work for you to keep here? any charges, how quickly can I get it.
43. Will you pay for INS over the FDIC if I Keep it in your banks, will you have a group health ins for my family.
44. What type of accounts will be available to me? And can you offer transfers of funds outside the USA?
43. Contact information regarding Canadian Banks?
44. how many accts are insured up to $250.000.00 can I have .....
45. Would this account be fiduciary, meaning I have control?
46. What in-house Wealth Management services do you have to offer, and what information about them is available on line?
47. What must my net worth be, to be a part of your Private Bank and what are your fees based on Assets Under Management?
48. Should we bring in 1 IQD note to establish a relationship with the bank before bring in the rest of the IQD notes?
49. Do you have multicurrency accounts, and can we have one in IQD? If not, can we open one in a foreign account and once in IQD, can we send the deposit currier protected by the bank to deposit in their account as IQD?
50. Can we have that account in IQD tied to a bank card and use it in the US, getting the bank card exchange rates that are so low?
51. Do we need a Wealth Manager prior to our exchange?
52. Would it be best to get the trust set up prior to exchange
53: Can you give us an idea, by assuming only moderate risk what type of return we could get at different levels of investment left with your bank. Also, what would be the time period we would have to agree for, to get these returns.
54. How will the Bank handle a influx of exchange appointments with a unknown timeframe to exchange?
55. If several accounts are opened each with 250,000.00 due to insurance coverage if placed in trusts after one is established. Do they need separate EIN numbers?
56. When I buy my house, cars etc. what is the best rate and terms you will offer me. I believe in OPM if I can get a 1,2,3,% rate on what I borrow yet make 7,8,9,10% or more on my investments. Lets talk or should I say Negotiate! n my investments
57. If you are involved on a higher level investment platform with your bank, On average how often can you pull distributions from the investment? Annually, Qtrly, monthly, etc...
58. Does your bank participate in CDARs?
59. Why should I do business with you over your competitors?
60. If we as a Group come in and exchange our Dinars , will you drop the spread fee for the ones that would leave 50% of our exchange money in your Bank for not less than three years?
61. How soon after depositing or account opened will I be able to access funds, and will there be a limit placed on how much is withdrawn?
62. Can i deposit my ncsn (New small currency notes-lower denoms) in your bank ( floating)
63. How will you protect me & fight for me?
64. Can I open an account & place a few dinar in it, then hold the rest until I'm ready to fold?
65. If I exchange my Dinars here and have it deposited into my account in another Bank, What would the spread be?
66. Can I break a 25K IQD Note into smaller Dinar denominations, the same way one might break a $20 bill into smaller bills?
67. Is faxing used as alternative to emails for secure communication? (Olde school faxing)
68. Does your wealth management team set up electronic(digital) exchange capabilities for me(my investment accounts) with stateside brokerage firms that offer better (no) transaction fees between them and my foreign trading accounts?
69. Is a prudent amount for exchange be based on current debt levels? Should any amount or percentage of funds be held in reserve?? Thank You much.
70. Do you) have beneficiary accounts?
71. Will you be able to create "Clean & Clear Certificates to verify funds are legal.
72. Are you invested in derivatives? If so, which ones, and can the wealth manager give me a list of them and their 10 yr history of performance?
Possible Bank Perks to ask for at your Exchange Appointment .
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
Possible Bank Perks to ask for at your Exchange Appointment .
AUM - Assets Under Management
1. No fees ever for foreign currency exchanges
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
Possible Bank Perks to ask for at your Exchange Appointment .
AUM - Assets Under Management
1. No fees ever for foreign currency exchanges
2. Provide a Private Banker/Wealth Manager at the time of exchange to initially park the funds in an non-interest-bearing account overnight and sweep those funds into other non-interest bearing accounts within your bank the following day; until I meet with bank advisers and other financial professionals and make some general guidelines for the management of these funds and the distribution of a portion of these funds through your bank, trust, and LLCs.
3. Family Office Services
4. Perks can be based on AUM (Assets Under Management) in a tier grid
5. Discounts on AUM fees
6. No fees ever - no fee to deposit/wire transfer money
7. No Broker fees ever
8. Free Safe Deposit Box, Certified Checks, Notarized, Courier Services
9.Provide Excess Deposit Insurance (i.e. Lloyds of London and/or Travelers) or Abbott Downing
10.Provide Senior Wealth Managers/Investment Bankers for selection
11. Tax/Business/Estate Attorney & CPA
12. Private transactions representation –assistance in buying a house/car/anything ( my trustee will purchase through my bank) 13.
Free Due Diligence Services provided for outside investment opportunities(research on any person or service) they will get it
14.100% funding availability (immediate Funds) before we leave
15. Unlimited Platinum or Black Visa Signature Debit & Credit Card with no ATM fees
16. Line of Credit available
17. Group Health Insurance - to cover the signers and families of depositors
18. Guarantee 12-15% interest per year on deposits
19. Bank Trading Platforms & Repurchase Agreement Sweep Accounts
20. Short Term/High Yield Interest Rates
21. Assist in opening an offshore bank account with affiliate bank for foreign investments
22. Access to information on great investment opportunities
23. Pre-IPO deals
24. Provide free Executive Privacy Plus subscription with Reputation.com
25. Sports tickets in suites and on the floor (Football, Basketball, Baseball, Boxing, Tennis, Golf, NASCAR & etc.) Also, special events like the Super Bowl, NBA Finals, College Bowls, NCAA Final Four, World Series &the Olympics. Based on AUM in a tier grid
26. Entertainment & Concert tickets in suites and on the floor (Music Concerts, Entertainment Awards Shows, Premier Movie Screenings, TV Show tickets & etc.) Based on AUM in a tier grid
27. Limousine & VIP transportation based on AUM in a tier grid
28. Private Jet Travel (5-25 flight hrs. per mo.) based on AUM in atier grid on flight hours per month
29. First Class seats/commercial airlines based on AUM in a tier grid
30. Private Yacht access/usage (40 hrs. annually) based on AUM in a tier grid on access/usage hours per year
31. Donations to our favorite charities (Banks matching a certain percentage)
32. Prime seats at charity events
33. Suites at Luxury Hotels & VIP Dinners at Restaurants based on AUM
34. Membership fee & Annual fees to Inspirato Core resorts & residences
35. Membership fee & Annual fees to Exclusive Resorts & Residences for 60 days with Priority Holiday Access annually
36. ClubCorp Private Membership based on AUM
37. Spa & Massage Club Membership based on AUM in a tier grid
38. Concierge Services 24/7 based on AUM
39. Provide a free cell phone & concierge subscription service for members with $1 million and over AUM
40. Free Family Financial Education provided for group family members
41. Provide any and all other perks that was not mentioned
15 Lessons Rich Parents Teach Their Kids
15 Lessons Rich Parents Teach Their Kids
Alux
00:00 - Intro
00:28 - Understanding how money works
01:36 - The difference between an asset and a liability.
03:08 - They are not entitled to anything.
04:33- How to be sociable and connect with other people.
05:27 - Increasing income instead of lowering expenses.
07:52 - How to create daily habits that give them incredible advantages.
09:09 - Money is a tool, and it's a good thing.
10:23 - Stop expecting immediate results and avoid magical thinking.
11:63 - Knowledge is more valuable than money in the long run.
13:37 - Don't work for money. Have money work for you.
14:46 - Solving problems is the quickest way to get rich.
15:38 - Not to waste time on things that do not correlate to the real world.
16:25 - How to use good debt instead of bad debt.
17:39 - 80% of the results come from 20% of the effort.
18:49 - Having money doesn't make you a better person.
15 Ways to Safe Guard Sudden Wealth
15 Ways to Safe Guard Sudden Wealth
In this Alux.com video we will be answering the following questions:
What to do with money?
What to do if you suddenly get money?
What to do if you inherit a large sum of money?
15 Ways to Safe Guard Sudden Wealth
In this Alux.com video we will be answering the following questions:
What to do with money?
What to do if you suddenly get money?
What to do if you inherit a large sum of money?
What to do if you win a large sum of money?
What to do if you win a fortune?
What to do after you sell your company?
00:00 - Intro
00:46 - Don’t tell a soul!
01:35 - Get rid of high interest debt immediately!
02:10 - Max out your retirement
02:49 - Instead of paying off your house: 75% of it should go towards rental properties
03:42 - Instead of going on holiday: 10% to alternative investments with proven track record
05:20 - Get an accountant or tax advisor to make sure everything is by the book
05:59 -Don’t screw around - now you have something to lose
06:44 - Control your spending urges
07:51 - Consider inflation and adjust for it
08:40 - You gotta get smart about money
10:10 - Consider the lifetime cost of ownership for the things you buy
11:44 - Do not give away parts of the principal to your family or friends
12:42 - Do not give away a portion of it to charity
14:20 - Move the money out of the country
15:14 - Develop a vision for the rest of your life
Things to do if you get Rich all of a Sudden- And More
From Recaps Archives
Services You Get As You Get Richer
1. Housecleaning Services (Your time is worth more than the effort it takes to maintain your living space)
2. Personal Trainer (Reduces stress, improves your health)
3. Personal Chef (Customize your nutrition. Saves time from planning/cooking)
4. Advisors in All Areas (Attorneys, tax planning, estate Planning, etc.)
From Recaps Archives
Services You Get As You Get Richer
1. Housecleaning Services (Your time is worth more than the effort it takes to maintain your living space)
2. Personal Trainer (Reduces stress, improves your health)
3. Personal Chef (Customize your nutrition. Saves time from planning/cooking)
4. Advisors in All Areas (Attorneys, tax planning, estate Planning, etc.)
5. Luxury Concierge Services (Eliminate micro detailed planning, travel planning, events, etc. Luxury of time and peace of mind)
6. Private Medical Care (Healthcare becomes proactive. Access to specialists. Enhances wellness).)
7. Executive Coaching (Improves your decision making, helps in making strategic decisions)
8. Home Security Services (State of the art surveillance systems, background checks on hired staff)
9. Private Travel (No waiting at airports. Flexible travel, Maximize your time, schedule, etc.)
10. Exclusive Country Club Membership (Rub elbows with the right people. Access to Milken Institute Global Conference-$50k, the Bohemian Club-$25k, etc.)
11. Wealth Transfer Specialist (Spheres of influence)
15 Things To Do If You Get Rich All Of A Sudden
Alux:
00:00 – Intro
00:56 - Do not let anyone know
01:25 - Pay all of your debt.
01:58 - Do not quit your job yet.
02:42 - Secure the money and let it sit for a while.
03:31 - Make investment in yourself a priority.
05:45 - Do not switch financial advisors.
06:27 - Get comfortable, but not rich-comfortable.
07:09 - Do not invest in your friend's business or lend them money.
08:06 - Do not start a business immediately.
08:46 - Prepare for change.
09:16 - Focus on getting healthier.
09:51 - the 5% rule.
10:32 - Protect your kids from the money.
10:58 - Do not cheat on your partner.
11;37 - Play it safe.