Відео

Glad you think so! It’s amazing how small, daily contributions can add up. It’s a practical way to build wealth without feeling overwhelmed.

Big facts. Leverage is essential to building wealth!

Although this maybe a concept weird to hear it is the truth, structured and applied correctly this concept will expedite your journey to wealth. I recommend you research, comprehend, apply to see for yourself.

You got the concept correct. I do the same with stocks and various tangible assets. People perish from the lack of knowledge, my goal is to provide that knowledge so we all can become wealthy!

Please elaborate on what is wrong in this video and on this concept. Permanent insurance builds cash value that grows yearly that you can leverage. That's is right!

While life policy usually costs 10x what term life is, most you are unable to “borrow” against for the first 1-2 years. When you “borrow” you are reducing the amount that the life is trance pays out. So if you have a 500k policy and “borrow” 200k then your death benefit is 300k. You can only borrow the amount of cash value that you’ve grown which is about 1/10 of your monthly payment. So it would take 10-20 years before you can actually borrow any significant amount. they won’t give you anything more than that because you may stop paying or cancel the policy. If you took the same amount you would have payed to your policy and invested in a growth stock mutual fund you can access ALL of it whenever you want, none of it is kept by the insurance company. And you only pay 15% capital gains as long as you wait atleast a year to two from it. You also never have to pay it back because it’s your money. The whole life policy, yes it’s your money but they are holding up to 90% of it to eventually pay upon your death what’s left after all the borrowing. It’s a terrible way to save money. Any more questions

@@daneckert8510 I appreciate your feedback. There's to much to address here. Whole life insurance is permanent term is limited, 2 different strategies; the extra cost is actually going into cash value in the policy! Btw Less than 2% of term policies payout, whole is guaranteed to payout. You can borrow money from your whole life policy in literally a month if you wanted to. Unlike mutual funds that have an internal expense fee, have no downside protection, are also taxable which by the way the capital gains rate maybe increasing next year. Whole life policy don't lose their value. My recommendation is do your research and seek Professional advice and follow what the successful people have done like Me, Ray Kroc, Waka Floka, Walt Disney, and J.C.Penny to name a few which all practice this concept. Happy Wealth building

I have done my research and have talked to professionals, you need to build cash value before taking from it. I’m not selling anything. People who make posts like this are usually selling something. You are welcome to do whatever you’d like to do with your money. Best of luck to you

I’ll ask 2 questions, is the money you take out deducted from the life insurance payout as I said, and do you lose the cash value when you die if you haven’t taken it out. If the answer to either of those is yes. I’m good

Insurance with cash value can be borrowed against, the cash value you leverage stills earn you interest. That’s a fact!

​@@JayJay-iq6cfthe loan has interest, so the compound is the net of interest paid minus interest on loan. Plus, when you borrow out the cash value, annual premiums may come due again when the net interest doesn't cover the premium.

@@JayJay-iq6cf The insurance company is not going to give you an interest free loan of your payout amount are they?

@@laijer What lending institution gives out tax free loans? If they charge simple interest rate on their money they loan you is not in debate, the fact is they will still pay you an interest that compounding on all the cash value you have in your policy whether you take a loan or not!!!

Please elaborate on what is cap in this video and on this concept. Permanent insurance builds cash value that grows yearly that you can leverage. That's 100!

Me, Ray Kroc, Waka Floka, Walt Disney, and J.C.Penny to name a few didn't think it was cap.

Thank you🙌

What would you recommend people do instead? Can you share your experiences when you applied this concept? What were your results?

I agree you should consider investing in the SPY. How I teach my clients is build cash value in your whole life insurance policy where it earns interest and can earn dividends then borrow to invest in the SPY, so now your money is working twice for me along with the other benefits of life insurance! WEALTH TIP....

I know right the same thing I thought to good to be true, I didn't understand so I researched and found this is the same concept Ray Kroc, Wakka Floka, Walt Disney, and even J.C.Penny (to name a few) use to build wealth.

Interesting enough the limits to make contributions to insurance is higher than what you can put into retirement accounts. You can only currently contribute 8K to a ROTH IRA if you are 50 or older

The ultimate key to building wealth is leverage. This concept is a safe asset that allows you to leverage. What is the best financial advice you've heard?

Ray Kroc, Wakka Floka, Walt Disney, and J.C.Penny to name a few did this. IJS

I’d love to connect. Checkout my description below video to set time up to connect!

Thanks King. We just getting started!!!

I choose rich so that I can have a vehicle to build wealth

@@bonganisibiya11🙌🏾🙌🏾 end game is Wealth! To expedite you’re journey you can use your riches to create your own bank to finance your car and even turn your car into an asset!

So much more in store!!!