Are you a firm believer in the mantra that “cash is king”? It’s a common adage, deeply ingrained in many of us, advocating for the virtues of paying cash and avoiding debt at all costs. We’re told to clear our mortgages, credit cards, and student loans as swiftly as possible, freeing ourselves from the clutches of external financial burdens. But what if this belief, seemingly prudent on the surface, is actually holding us back?
Are you looking to secure your financial future but unsure where to begin? One avenue worth exploring is utilizing a specially designed whole life insurance policy tailored for cash accumulation. This strategy empowers you to plan for both known and unforeseen financial needs with flexibility.
When it comes to the Infinite Banking Concept, it’s easy to get caught up in the details and questions like “Should I start now?” or “Am I ready?” The truth is, the best time to start was yesterday, but the second-best time is today. Let’s dive into how you can start your journey without overwhelming yourself.
Everyone knows that money is important. But have you ever wondered how to educate your children on becoming financially literate and how to become financially free?
Imagine having a pool of cash that you own and control that’s large enough that neither you nor your family ever has to use traditional banking systems ever again. Now there may be an interest that needs to be paid on those loans, but imagine having death benefit to recoup the interest lost over those years of financing through this family banking system. That is power.
Do you realize that we finance every single purchase that we make, whether we pay cash or borrow? Conventional wisdom has taught us that debt is bad and should be avoided at all costs. So what’s the difference between financing and debt?
One of my most frequently asked questions is how many policies should I have and whether is there a benefit to having one big policy versus several smaller policies. When deciding what the best policy for you is, you may be wondering how much premium is too much premium and what is the benefit of having multiple policies working for you.
When on a search for financial freedom, there are a lot of different opinions out there and it can be hard to decide what is the best decision for your situation.
When it comes to starting your banking system, the most important piece of advice that I give people is to start where you are. Start with whatever budget feels comfortable for your situation at the time.
If you have a whole life insurance policy, there’s a contractual provision built into your contract that allows for policy loans. Policy loans are unique in that they’re unstructured, and you have guaranteed access via this loan provision. We usually recommend policy loans for our clients because they’re unstructured and they make the rest of their money more efficient.
