WEBINAR: We Didn't Break the Bank - We Became One | Webinar Replay
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- Опубліковано 14 жов 2023
- Create a banking system, like the banks, with whole life insurance.
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Wealth Nation provides content for informational purposes only. While we aim to offer accurate and up-to-date information, always consult with qualified professionals before making any retirement, tax, or legal decisions.
The Infinite Banking Concept® is a trademark of Infinite Banking Concepts, LLC, with which Wealth Nation is not associated or endorsed.
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Imagine having the power to create your own banking system where your money works for you. Learn about the flow of money and how you can capitalize on your existing income. Watch this webinar and discover our B.A.N.K. formula, which can allow you to create your own “bank-like” system to start and maintain your policies.
WARNING:
Many fake accounts are impersonating our channel. We will NEVER ask you to contact us through UA-cam comments, telegram, or WhatsApp. You can connect with us through the links provided in our video descriptions. Please be aware of fake accounts trying to scam you using our name and picture.
✍🏾 Are you ready to Start a Policy? Complete our new client application.
bit.ly/WN-New-Client
I Am Ready to Take Action to the Next Level. Let's G-R-O-W!!!!!
Hi wealth nation team lam all ears
Gotta get my finances up before I can take action. Meanwhile I’ll keep watching and learning. This is truly inspiring fam!
This is such a good class! Knowledge worth millions being shared for free!
Ever heard the phrase "you get what you pay for?"
Great presentation!!
Love it :)
Yes
I AM going to work it!
I’m ready to take action
I am ready to take action today
I am living in Québec Canada, is there someone who can guide me with à good insurance company name with whole Life Insurance
I am ready to take action! 6:02
This is only beneficial if you are unable to save on your own and are undisciplined and not able to keep your savings in a financial account. Once you give your money to the insurance company they don’t allow you to have until you hit a certain threshold. (And yes you are paying the insurance company) they pay you a small premium when you dump more money into the insurance than what is required. If you can be disciplined and save and invest in low risk assets, you will out-gain this system. It’s not a scam just a lessor risk investment opportunity that pays less in profits. Once you take the money back, you start to lose those profits and usually pay a premium on whaat you took.
I am ready to take action now.
Join us >>link.wealthnation.io/3rUZbzB
Hi, we don't have a "whole life insurance" in South Africa. Any suggestions on how this system can be implemented using other ways? 😮
There's velocity banking through use of credit cards, a ploc or heloc
I have to hunt down a infinite banking expert to start in boise, idaho. I use tp be an insurance agent and they never talk about infinite back through a whole life policy only iul and getting agent to recruit in php agency. Its like i wasted 3 year of my life going around a circle.
Hi There, I am in Canada can I still join your program….would luv to learn the concept
As a fellow Canuk you can learn a lot from this channel (as I have) but you will need to deal with a Canadian mutual insurance company to buy policies. There are some differences which your Canadian coach will advise you on. Here are some Canadian UA-cam sites to investigate,
Canadian Finance Truths
Bankers Vault
Control and Compound
There is also Life180 but he provides advice for both Canadian and American viewers.
How do you use the funds from the policy to pay for utilities, rent n vacations??
Once you've paid enough to have a cash value, you then take out a loan against that cash value and then pay the loan back with interest. It's almost as good as free money, right?
Banks manage your money and invest your money to create more money for themselves
What do you think an insurance company does with the money you send them? Not all banks are the same. Here are the features and benefits I get from my bank. I fail to see where an "infinite bank" beats it.
My bank (Ally) did not need a salesman to sell me my account.
My bank, where I "store" my cash, does not charge any commissions. I "broke even" on day one.
My bank has no fees to sap the effective interest rate - currently 4.25%.
At my bank, if I want some of my money I just request it and they give it to me. No fees.
If they send me money from my account, there is no need to pay it back to my account, but I can if I want to - at 0% interest.
If I don't pay it back, there are no compounding interest charges against my account.
At my bank, if I want to close my account, they give me 100% of my funds. (No surrender fees.)
At my bank, I earn taxable interest. That is because my account experiences real growth of money I can readily spend.
At my bank, I will always have taxable interest income because I am able to pull out MORE than I put in.
(The same could apply to "infinite banks," but you're unlikely to ever pull out more than you put in.)
At my bank, if I want a loan, I don't have to self fund it first or wait 20 years to build up a cash value.
At my bank, loans are tax-free. (ALL loans everywhere are tax free!)
At my bank, if I take out a loan, the maximum amount is not tied to some percentage of my savings account.
At my bank, if I get a loan, my savings continue to earn interest unaffected by the loan. (WOW! Just like an "infinite bank.")
At my bank, if I die, the bank does not keep the funds in my account. My designated primary or secondary beneficiaries get ALL of it.
My bank does not provide a death benefit. (OMG!) At my stage in life I don't want or need one, and they don't make me pay for it either.
Would like to join the community is it still available at the price in this video of the live program?
Yes, you'll still get the same price for the time being. >> link.wealthnation.io/3rUZbzB
I want to start , do you guys mentorship clients like my self that just started working was a stay at home mom for a while ?!
Sure! Would love for you to join us >> link.wealthnation.io/3rUZbzB
hello, i love your channel and the information is top tier. Im ready to take action but im having a hard time finding a company that makes whole life insurance policies for 25 year olds. i was wondering if you could help ?
@jahlilcoates4629 thank you so much. Simply click on the link in our description and we can help you get started. 👍
Before you buy a policy, compare the features / benefits of a high yield savings bank to an infinite bank and then decide which is better. Below I show what a regular high yield online bank offers me.
My bank (Ally) did not need a salesman to sell me my account.
My bank, where I "store" my cash, does not charge any commissions. I "break even" on day one.
My bank has no fees to sap the effective interest rate - currently 4.25%.
At my bank, if I want some of my money I just request it and they give it to me. No fees.
If they send me money from my account, there is no need to pay it back to my account, but I can if I want to - interest free.
If I don't pay it back, there are no compounding interest charges against my account.
At my bank, if I want to close my account, they give me 100% of my funds. (No surrender fee.)
At my bank, I earn taxable interest. That is because my account experiences real growth of money I can readily spend.
At my bank, I will always have taxable interest income because I am able to pull out MORE than I put in.
(The same could apply to "infinite banks," but you're unlikely to ever pull out more than you put in.)
At my bank, if I want a loan, I don't have to self fund it first or wait 20 years to build up a cash value.
At my bank, all loans are tax-free. (ALL loans everywhere are tax free!)
At my bank, if I take out a loan, the maximum amount is not tied to some percentage of my savings account.
At my bank, if I get a loan, my savings continue to earn interest unaffected by the loan. (WOW! Just like an "infinite bank.")
At my bank, if I die, the bank does not keep the funds in my account. My designated primary or secondary beneficiaries get ALL of it.
My bank does not provide a death benefit. (OMG!) At my stage in life I don't want or need one, and they don't make me pay for it either.
No lie, I’ve watched a few of your video but im still confused
😂 honesty is gr8
What if the whole life insurance policy is so expensive to get?
There is no "what if." It is so expensive to get. Remember, you have to fund your cash value first before you can borrow against it and then you have to pay it back. Just put the money into an investment or high yield savings account and use that as "your bank." Your "savings bank" will have all these features:
No need for a salesman to sell you your account.
No commissions. You "break even" on day one.
No fees to sap the effective interest rate - currently 4.25% at Ally bank.
If you want some of your money just request it and they give it to you. No fees.
If they send you money from your account, there is no need to pay it back to your account, but you can if you want to - at 0% interest.
If you don't pay it back, there are no compounding interest charges against your account.
If you want to close your account, they give you 100% of your funds. (No surrender fees.)
You will earn taxable interest. That is because your account experiences real growth of money you can readily spend.
You will always have taxable interest income because you are able to pull out MORE than you put in.
(The same could apply to "infinite banks," but you're unlikely to ever pull out more than you put in.)
If you want a loan, you don't have to self fund it first or wait 20 years to build up a cash value.
At your bank, loans are tax-free. (ALL loans everywhere are tax free!)
At your bank, if you take out a loan, the maximum amount is not tied to some percentage of your savings account.
If you get a loan, your savings continue to earn interest unaffected by the loan. (WOW! Just like an "infinite bank.")
At your bank, if you die, the bank does not keep the funds in your account. Your designated primary or secondary beneficiaries get ALL of it.
Your bank will not provide a death benefit. (OMG!) You may not want or need one, and they don't make you pay for it either.
If you do need life insurance, you would be far better off getting a term policy for the period you need it at 1/20 the cost of a whole life policy.
Buy one you can afford and start today. Starting and taking action is most important
@@brettm41
With whole life, whatever you can afford is still too much money. If you want life insurance buy a 10, 20, or 30 year term policy at about 1/15 the cost. If you want your money to grow then put your money into an investment. Don't buy whole life thinking that is a good way to get both. Watch the video "The Whole Life Insurance Scam" by Rich on Money.
@@brettm41 I did buy a small one.
It's normally 10x whatever age you are.... cause you want to build that cash reserve
I need a policy to help me reach these goals:
In the short term, lose thousands of dollars on my cash value and break even in 7 years.
In the long term, have an effective 2 to 3% rate of growth on a cash value that is not mine to keep.
Have a complex process to get some of my money back as loans that I must then repay with interest.
Have a death benefit when I am age 70 and beyond when I really don't need one, but I'll pay for it anyway.
Can you help me?
The money is yours as long as you pay it back cause you're basically borrowing from your life insurance, say you borrow 100k on a 500 k policy but don't pay it back as your dead, your loved ones receive 400k cause you borrowed against it, didn't put it back before you died. You can use that 100k for anything you want, also they are lending from the policy not from yours so you still earn interest.
@@angelgirldebbiejo
The money is yours as long as you pay it back? That doesn't sound like it's really your money.
Whole life is sold as a way to have a death benefit and a great savings plan. But when you die, all you're left with is the death benefit.
@@angelgirldebbiejo
The money is yours as long as you pay it back? That doesn't sound like it is your money. That's called a loan, and I can get that from a bank without having to self fund a cash value first.
my significate other doesn't understand and its so frustrating.. living paycheck to paycheck.. literally cant save anything.. so annoying
she is dragging me with her.. so disappointing.. almost better off being separated..
I have asked this question that you have not answer, if y I u are paying a variable interest rate how are you paying yourself interest? Why do you minimize the fact that you are not just paying a fee but a variable interest rate that will increase every year? Please don't get into your feelings just give your Wealth Nation an honest view of what this really is.
@dwaynesmoth7338- I’m not sure where your understanding that the loan rate goes up every year. That’s never been the case for us. We’ve had our oldest policy since 2016 and the loan rate is STILL 4%.
Yes, it is variable, but the rate isn’t skiddish like a bank variable rate.
This video should help. ua-cam.com/video/pJguMhSFKKE/v-deo.htmlsi=nRI55imaqwfzhcQH
Yes