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  • in reply to: Welcome SMC members #1464
    Big V
    Participant

    I think your comments on the captive insurance companies pitch are spot on. Unless you were trying to set up some sort of bogus tax dodge, I don’t think one would find the advice given by SMC to be particularly useful. I am in the transportation business and looked into a captive a few years ago as a way not to write high six figure insurance payments every year. Basically, it was hard to do and for openers would require me to post $6 million or so in capital with the state insurance commission.

    in reply to: Welcome SMC members #1463
    Big V
    Participant

    Hi Folks, Big V here. I think I missed the info on this new website, but FdA was kind enough to point me in the right direction.

    I read the comments on Total Access here and found them informative. I always wondered when it was announced that this product was reopening for membership, was it because of people leaving because they didn’t find value or was it an attempt to bring in more revenue. Member comments here make total sense.

    To make a long story short, I will soon begin to spend a lot of time looking for and at business and investment opportunities which to a large extent will be passive in nature. I will pass along what I learn about this area, whatever that might be. I am looking to find some things that while not totally hands off, will generate income without me being tied to a business 60 hours a week. I also realize there is no free lunch.

    All the best to everyone in 2017!

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