
Summary Proceeding;
Temple emphasized the importance of understanding and operating within the trust realm, discussing his personal journey of transitioning to trusts and the need to unlearn corporate teachings. He also discussed the importance of understanding business operations, filing taxes, and creating a revocable living trust to escape the corporate system. Lastly, Temple provided guidance on handling finances, separating personal and business accounts, and maintaining proper documentation to operate effectively in the unincorporated business status.
Directly to the Agenda
Temple begins the meeting by thanking attendees for their punctuality. He indicates that they will proceed directly to the agenda for the week, following their usual practice of starting with a specific topic or update.
Trust Realm vs Corporate World
Temple discusses the importance of understanding and operating within the trust realm rather than the corporate world. He emphasizes that trust is not just about documents but a lifestyle change that requires confidence and performance. Temple shares his personal journey of transitioning to trusts since 2016, highlighting the need to unlearn corporate teachings and avoid relying on bank approval. He explains how he secured his first treasury check in 2019, which allowed him to operate without a bank account by bartering and exchanging cash. Temple also mentions creating multiple trusts and businesses, including an IT company and a household trust, to function effectively in the corporate realm while maintaining trust-based operations.
Understanding Business Operations for Success
Temple discussed the importance of understanding and practicing business operations, including filing taxes, to achieve success. He emphasized that no one, including government officials, is taught how to file taxes, and this lack of knowledge is a result of the government filing their own taxes. Temple used the Delaware Secretary of State as an example to demonstrate that the government is a business and should be treated as such. He encouraged everyone to search for their entity names and register their businesses to avoid being left behind. Temple also stressed the need for confidence in one's business operations and the importance of proving facts beyond reasonable doubt.
Revocable Trusts vs Corporate System
Temple explains that individuals are trapped in an irrevocable corporate system through documents like birth certificates, Social Security cards, and state IDs. He argues that the only way out is to create a revocable living trust and operate as a sole proprietor. Temple emphasizes the importance of being "in the world but not of it" by separating oneself from the corporate system while still living in society. He warns that focusing too much on worldly concerns can hinder the development and effectiveness of one's trust.
Mastering Taxes for Financial Independence
Temple discusses how to live without relying on corporations and emphasizes the importance of understanding taxes and the IRS website. He explains that people need to learn how to do their taxes as the first step to living without the world. Temple stresses the need to master the IRS.gov website, describing it as containing answers to all government-related questions. He also discusses the biblical principle of "rendering unto Caesar" to justify paying taxes. Temple advises on how to handle bills and expenses, suggesting that they should be in the name of a trust rather than an individual. He addresses a question about fuel tax credits and explains the process of transitioning from filing as a sole proprietorship to filing under a trust.
Managing Treasury Checks and Trust Funds
Temple explains the process of handling a Treasury check and managing funds through a trust. He advises cashing the check at a check-cashing place rather than depositing it in a personal bank account. Temple emphasizes the importance of collecting cash and converting it into tangible assets like gold, silver, real estate, and land. He recommends opening a sole proprietor bank account using a social security number or EIN, rather than a trust account. Temple stresses the importance of maintaining control over one's finances and not fully trusting banks with assets.
Separate Personal and Business Accounts
Temple discusses the importance of separating personal and business accounts, explaining that mixing them will not work long-term. He emphasizes the need to operate under fictitious names for both the trust and the individual. Temple advises converting checking accounts into secured funds, starting with savings accounts, to build credit. He encourages unlearning corporate ways and studying the unincorporated side of the system. Temple also recommends placing utilities and lease agreements under the trust's name to operate in an unincorporated manner. He stresses the importance of having proper documentation, even when living with family, to maintain an unincorporated business status.