If you play the game correctly right now, 5 yrs from now everything in your life is free.
One such way to play “correctly” = WHOLE LIFE. Rich ppl use whole life / IULs not term.
Term is short term coverage. Permanent coverage = long term asset.
🏆 $10mm policy (cont’d)
One such way to play “correctly” = WHOLE LIFE. Rich ppl use whole life / IULs not term.
Term is short term coverage. Permanent coverage = long term asset.
🏆 $10mm policy (cont’d)
= $3mm funded over ~10 yrs
That’s $300k/yr for 10 yrs with IRR in the middle after the 4-5 yr mark.
🏆 5 yrs in = $1.5mm “cash value” producing 6% per year
BUT - permanent coverage is a store of value not just a return vehicle. Which means…
That’s $300k/yr for 10 yrs with IRR in the middle after the 4-5 yr mark.
🏆 5 yrs in = $1.5mm “cash value” producing 6% per year
BUT - permanent coverage is a store of value not just a return vehicle. Which means…
🏆 90% of your cash value can be loaned against for ~3-5% interest.
Do the math…
90% of $1.5mm = $1.35mm @ ~4% interest = $54k annual cost.
But $1.5mm earning 6% = $90k earned.
You’re loaning money against itself and the true interest rate is negative.
Do the math…
90% of $1.5mm = $1.35mm @ ~4% interest = $54k annual cost.
But $1.5mm earning 6% = $90k earned.
You’re loaning money against itself and the true interest rate is negative.
🏆 You don’t need banks.
Self funded “internal” bank and you capture the interest on your own loans.
#secrets
Picture a really rich person and they’re 100x this amount (you can insure line 30 TIMES your annual income, do that math)
Self funded “internal” bank and you capture the interest on your own loans.
#secrets
Picture a really rich person and they’re 100x this amount (you can insure line 30 TIMES your annual income, do that math)
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