Built for Life Financial Agency Launches June 3 with Chain-Cutting Ceremony to Redefine Trust, Ownership, and Legacy in Finance
Annapolis, June 03, 2025 (GLOBE NEWSWIRE) — Annapolis, Maryland –
Built for Life Financial Agency (BFL), the new independent firm founded by retired Navy Chief and bestselling author Bill Korman, is officially launching June 3 at 6:30 PM with a powerful public chain-cutting ceremony at 147 Old Solomons Island Rd., Annapolis, MD 21401. The event marks the start of a bold national movement to help individuals break free from financial confusion and reclaim ownership of their time, money, and legacy.
According to Gallup's 2024 institutional trust survey, only 26% of Americans express confidence in banks. With U.S. household debt reaching a record $17.5 trillion, Korman believes financial systems need a complete overhaul. Built for Life Financial Agency (BFL) is more than a traditional firm—it is a people-first, purpose-driven platform rooted in education, personalization, and long-term alignment.
After years of operating under a corporate umbrella, BFL is now fully independent and free to serve families without restrictions. At the heart of the agency's philosophy is The 168 Game©, Korman's time ownership framework that helps individuals align their 168 weekly hours with their morals, values, and principles. 'Most people live paycheck to paycheck because unless they have been shown, they've never had the opportunity to truly own their time and their money—until now,' says Korman.
BLF's vision is to be the #1 Company in the World that everyone compares themselves to regarding being the gold standard that other businesses and organizations aspire to and measure themselves against.
BFL's approach is already making a difference. An early BFL client, Nancy Brace, shared, ' Built for Financial Agency is an agency with high integrity and quality agents. We have been extremely pleased with their professionalism and how they put the client's needs first. We were amazed at how they can help with so many areas of life, from savings to retirement to college planning and so much more. I am so thankful we were referred to them.'
The June 3 launch event will feature a dramatic chain-cutting ceremony instead of the traditional ribbon-cutting, symbolizing freedom from financial bondage and legacy-limiting systems. The celebration will include live demonstrations of The 168 Game©, guest remarks, and on-site opportunities to sign up for free consultations and giveaways or to apply to join BFL's expanding national team.
Confirmed speakers include community leaders, veterans, and financial literacy and equity advocates.
BFL is more than a financial agency—it is a growing network of culturally attuned leaders. Korman, a first-generation American, is recruiting multilingual agents nationwide to better serve underserved communities. 'This isn't about translation. It's about transformation. We meet families where they are and empower them with the knowledge, respect, and clarity they've been denied for far too long,' Korman says.
Built for Life Financial Agency offers consulting, insurance solutions, legacy, and retirement planning. Additionally, Korman provides technology support through Visionary Flow Solutions, its artificial intelligence (AI), development of business intelligence hubs, and CRM Systems.
Korman says, 'The mission transcends transactions. We are more than a financial agency,' says Korman. 'We are a global movement helping people reclaim their time, take ownership of their wealth, and leave a legacy that outlives them.'
To secure Bill Korman as a speaker or trainer for your next event, conference, or training, or to book Bill as a guest on one's radio, podcast, or television show, contact Dr. Andrea Adams-Miller, Chief Strategic Influence Officer, on behalf of Bill Korman at 1-419-722-6931 or [email protected].
About Bill Korman:
Bill Korman is a decorated Navy Chief veteran, serial entrepreneur, and financial strategist committed to helping people reclaim their time and their lives. After overcoming bankruptcy and burnout, he built a thriving financial agency rooted in the philosophy of time ownership. With over 30 years of leadership spanning the military, government, and private sectors, Bill empowers others to stop managing time and start owning it.
He is the founder and CEO of Built for Life Financial Agency (BFLAgency.com) and the creator of Visionary Flow Solutions (VisionaryFlowSolutions.com), a CRM and automation system. His breakthrough framework, The 168 Game (The168Game.com), is now a bestselling book, coaching program, and app helping people trade hustle and chaos for clarity and impact.
Bill is a family man who lives in Centreville, Maryland, with his wife, Kimberly. They dedicate much of their time to their four adult children and granddaughter.
###
For more information about Built For Life Financial Agency, contact the company here:
Built For Life Financial AgencyDr. Andrea Adams-Miller, Chief Strategic Influence Officer on Behalf of Bill Korman, CEO & Founder4197226931
[email protected] 147 Old Solomons Island
Road Annapolis, MD 21401, Suite 200
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
San Francisco Chronicle
44 minutes ago
- San Francisco Chronicle
Trump's tariffs could pay for his tax cuts -- but it likely wouldn't be much of a bargain
WASHINGTON (AP) — The tax cuts in President Donald Trump's One Big Beautiful Bill Act would likely gouge a hole in the federal budget. The president has a patch handy, though: his sweeping import taxes — tariffs. The Congressional Budget Office, the government's nonpartisan arbiter of tax and spending matters, says the One Big Beautiful Bill, passed by the House last month and now under consideration in the Senate, would increase federal budget deficits by $2.4 trillion over the next decade. That is because its tax cuts would drain the government's coffers faster than its spending cuts would save money. By bringing in revenue for the Treasury, on the other hand, the tariffs that Trump announced through May 13 — including his so-called reciprocal levies of up to 50% on countries with which the United States has a trade deficit — would offset the budget impact of the tax-cut bill and reduce deficits over the next decade by $2.5 trillion. So it's basically a wash. That's the budget math anyway. The real answer is more complicated. Actually using tariffs to finance a big chunk of the federal government would be a painful and perilous undertaking, budget wonks say. 'It's a very dangerous way to try to raise revenue,' said Kent Smetters of the University of Pennsylvania's Penn Wharton Budget Model, who served in President George W. Bush's Treasury Department. Trump has long advocated tariffs as an economic elixir. He says they can protect American industries, bring factories back to the United States, give him leverage to win concessions over foreign governments — and raise a lot of money. He's even suggested that they could replace the federal income tax, which now brings in about half of federal revenue. 'It's possible we'll do a complete tax cut,'' he told reporters in April. 'I think the tariffs will be enough to cut all of the income tax.'' Economists and budget analysts do not share the president's enthusiasm for using tariffs to finance the government or to replace other taxes. 'It's a really bad trade,'' said Erica York, the Tax Foundation's vice president of federal tax policy. 'It's perhaps the dumbest tax reform you could design.'' For one thing, Trump's tariffs are an unstable source of revenue. He bypassed Congress and imposed his biggest import tax hikes through executive orders. That means a future president could simply reverse them. 'Or political whims in Congress could change, and they could decide, 'Hey, we're going revoke this authority because we don't think it's a good thing that the president can just unilaterally impose a $2 trillion tax hike,' '' York said. Or the courts could kill his tariffs before Congress or future presidents do. A federal court in New York has already struck down the centerpiece of his tariff program — the reciprocal and other levies he announced on what he called 'Liberation Day'' April 2 — saying he'd overstepped his authority. An appeals court has allowed the government to keep collecting the levies while the legal challenge winds its way through the court system. Economists also say that tariffs damage the economy. They are a tax on foreign products, paid by importers in the United States and usually passed along to their customers via higher prices. They raise costs for U.S. manufacturers that rely on imported raw materials, components and equipment, making them less competitive than foreign rivals that don't have to pay Trump's tariffs. Tariffs also invite retaliatory taxes on U.S. exports by foreign countries. Indeed, the European Union this week threatened 'countermeasures'' against Trump's unexpected move to raise his tariff on foreign steel and aluminum to 50%. 'You're not just getting the effect of a tax on the U.S. economy,' York said. 'You're also getting the effect of foreign taxes on U.S. exports.'' Smetters at the Penn Wharton Budget Model said that tariffs also isolate the United States and discourage foreigners from investing in its economy. Foreigners see U.S. Treasurys as a super-safe investment and now own about 30% of the federal government's debt. If they cut back, the federal government would have to pay higher interest rates on Treasury debt to attract a smaller number of potential investors domestically. Higher borrowing costs and reduced investment would wallop the economy, making tariffs the most economically destructive tax available, Smetters said — more than twice as costly in reduced economic growth and wages as what he sees as the next-most damaging: the tax on corporate earnings. Tariffs also hit the poor hardest. They end up being a tax on consumers, and the poor spend more of their income than wealthier people do. Even without the tariffs, the One Big Beautiful Bill slams the poorest because it makes deep cuts to federal food programs and to Medicaid, which provides health care to low-income Americans. After the bill's tax and spending cuts, an analysis by the Penn Wharton Budget Model found, the poorest fifth of American households earning less than $17,000 a year would see their incomes drop by $820 next year. The richest 0.1% earning more than $4.3 million a year would come out ahead by $390,070 in 2026. 'If you layer a regressive tax increase like tariffs on top of that, you make a lot of low- and middle-income households substantially worse off,'' said the Tax Foundation's York. Overall, she said, tariffs are 'a very unreliable source of revenue for the legal reasons, the political reasons as well as the economic reasons. They're a very, very inefficient way to raise revenue. If you raise a dollar of a revenue with tariffs, that's going to cause a lot more economic harm than raising revenue any other way.''
CNBC
an hour ago
- CNBC
The salary a single person needs to live comfortably in all 50 U.S. states—it's over $120,000 in 2 places
Americans earning a regular salary may have trouble living comfortably in all 50 states. The median annual wage for individuals was just below $62,000 at the end of 2024, according to the Bureau of Labor Statistics. But it takes a salary of at least $80,829 for a single adult to live comfortably in West Virginia, the most affordable state, according to a recent SmartAsset study. SmartAsset defines "comfortable" as earning enough to follow the 50/30/20 budget method, which recommends putting 50% of your income toward essentials like rent and food, 30% toward discretionary spending and 20% toward debt repayment and savings. It used the latest estimates from Massachusetts Institute of Technology's Living Wage calculator to estimate individuals' cost of necessities in each state. On the other side of the spectrum from West Virginia, residents in Hawaii need to earn a minimum of $124,467 a year to live comfortably, SmartAsset finds. That's the highest of any state and one of two states — along with Massachusetts — where individuals need to earn at least $120,000 a year to afford a comfortable lifestyle. Here's how much money it takes for a single adult to live comfortably in every U.S. state 2025. While the 50/30/20 budget can be an effective tool to manage your money, it can also be difficult to follow if you have high fixed costs. And though data suggests wage growth nationwide is actually outpacing price inflation, many Americans don't feel that way. About 7 in 10 Americans feel stressed about their finances, according to a CNBC/SurveyMonkey online poll conducted in April. Plus, President Donald Trump's tariffs threaten to push prices up even further. Boosting your income by switching jobs or getting a side hustle may be easier said than done, but it can help give you some breathing room in your budget, especially if you've already cut out as much discretionary spending as you can.
Yahoo
an hour ago
- Yahoo
Trump's tariffs could pay for his tax cuts -- but it likely wouldn't be much of a bargain
WASHINGTON (AP) — The tax cuts in President Donald Trump's One Big Beautiful Bill Act would likely gouge a hole in the federal budget. The president has a patch handy, though: his sweeping import taxes — tariffs. The Congressional Budget Office, the government's nonpartisan arbiter of tax and spending matters, says the One Big Beautiful Bill, passed by the House last month and now under consideration in the Senate, would increase federal budget deficits by $2.4 trillion over the next decade. That is because its tax cuts would drain the government's coffers faster than its spending cuts would save money. By bringing in revenue for the Treasury, on the other hand, the tariffs that Trump announced through May 13 — including his so-called reciprocal levies of up to 50% on countries with which the United States has a trade deficit — would offset the budget impact of the tax-cut bill and reduce deficits over the next decade by $2.5 trillion. So it's basically a wash. That's the budget math anyway. The real answer is more complicated. Actually using tariffs to finance a big chunk of the federal government would be a painful and perilous undertaking, budget wonks say. 'It's a very dangerous way to try to raise revenue,' said Kent Smetters of the University of Pennsylvania's Penn Wharton Budget Model, who served in President George W. Bush's Treasury Department. Trump has long advocated tariffs as an economic elixir. He says they can protect American industries, bring factories back to the United States, give him leverage to win concessions over foreign governments — and raise a lot of money. He's even suggested that they could replace the federal income tax, which now brings in about half of federal revenue. 'It's possible we'll do a complete tax cut,'' he told reporters in April. 'I think the tariffs will be enough to cut all of the income tax.'' Economists and budget analysts do not share the president's enthusiasm for using tariffs to finance the government or to replace other taxes. 'It's a really bad trade,'' said Erica York, the Tax Foundation's vice president of federal tax policy. 'It's perhaps the dumbest tax reform you could design.'' For one thing, Trump's tariffs are an unstable source of revenue. He bypassed Congress and imposed his biggest import tax hikes through executive orders. That means a future president could simply reverse them. 'Or political whims in Congress could change, and they could decide, 'Hey, we're going revoke this authority because we don't think it's a good thing that the president can just unilaterally impose a $2 trillion tax hike,' '' York said. Or the courts could kill his tariffs before Congress or future presidents do. A federal court in New York has already struck down the centerpiece of his tariff program — the reciprocal and other levies he announced on what he called 'Liberation Day'' April 2 — saying he'd overstepped his authority. An appeals court has allowed the government to keep collecting the levies while the legal challenge winds its way through the court system. Economists also say that tariffs damage the economy. They are a tax on foreign products, paid by importers in the United States and usually passed along to their customers via higher prices. They raise costs for U.S. manufacturers that rely on imported raw materials, components and equipment, making them less competitive than foreign rivals that don't have to pay Trump's tariffs. Tariffs also invite retaliatory taxes on U.S. exports by foreign countries. Indeed, the European Union this week threatened 'countermeasures'' against Trump's unexpected move to raise his tariff on foreign steel and aluminum to 50%. 'You're not just getting the effect of a tax on the U.S. economy,' York said. 'You're also getting the effect of foreign taxes on U.S. exports.'' She said the tariffs will basically wipe out all economic benefits from the One Big Beautiful Bill's tax cuts. Smetters at the Penn Wharton Budget Model said that tariffs also isolate the United States and discourage foreigners from investing in its economy. Foreigners see U.S. Treasurys as a super-safe investment and now own about 30% of the federal government's debt. If they cut back, the federal government would have to pay higher interest rates on Treasury debt to attract a smaller number of potential investors domestically. Higher borrowing costs and reduced investment would wallop the economy, making tariffs the most economically destructive tax available, Smetters said — more than twice as costly in reduced economic growth and wages as what he sees as the next-most damaging: the tax on corporate earnings. Tariffs also hit the poor hardest. They end up being a tax on consumers, and the poor spend more of their income than wealthier people do. Even without the tariffs, the One Big Beautiful Bill slams the poorest because it makes deep cuts to federal food programs and to Medicaid, which provides health care to low-income Americans. After the bill's tax and spending cuts, an analysis by the Penn Wharton Budget Model found, the poorest fifth of American households earning less than $17,000 a year would see their incomes drop by $820 next year. The richest 0.1% earning more than $4.3 million a year would come out ahead by $390,070 in 2026. 'If you layer a regressive tax increase like tariffs on top of that, you make a lot of low- and middle-income households substantially worse off,'' said the Tax Foundation's York. Overall, she said, tariffs are 'a very unreliable source of revenue for the legal reasons, the political reasons as well as the economic reasons. They're a very, very inefficient way to raise revenue. If you raise a dollar of a revenue with tariffs, that's going to cause a lot more economic harm than raising revenue any other way.'' Paul Wiseman, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
