Colorado Springs, Colorado (PressExposure) September 11, 2009 -- Mitchell B. Yellen, Founder and CEO of well-known financial strategy companies Wealth Wonks and IBPro LLC., has a lustrous career in the financial services industry. His 25 plus years of experience in the field have yielded him much success. One of his main missions in life is to help people around the world live better lives both now and forever. One of the many ways he accomplishes this is by providing invaluable financial guidance to people both in person and online.
On the Wealth Wonks site, Yellen reveals a very sad fact for most of us, âIf we live according to traditional financial models, our hard work produces no real wealth in the end.â Although this seems like a hard pill to swallow, Yellen lightens the blow by introducing his theory on ways to prevent living from paycheck to paycheck.
âWhen all is said and done, the banking institutions run the most powerful business in the world! They have control over a huge pool of money that flows, at a cost, to meet all of society's needs. The money flows through the hands of the consumer, meets his or her needs, and then returns to the banking system. Remarkably, the banks control all the money, but don't lend their own funds! They actually lend the money that depositors have placed in their care. This phenomenon is based on the "Money Multiplier" effect.â said Yellen.â
The more you cater to your needs using the âMoney Multiplierâ effect the more control you will have over your finances. Operate like a bank in terms of investments and youâll be on your way to a wealthy future.
Mitchell B. Yellen, is Founder and CEO of the Wealth Wonks and IBPro llc. financial advisory groups. More information and resources regarding this article, his companies and ideologies can be found on the Wealth Wonks and IBPro websites respectively [http://www.wealthwonkspro.com/] and [http://www.ibprollc.com/default.asp].