Probably on a of your best videos. It Summarizes many of the best points of What would the Rockefellers do? I am starting into your strategies. My first step was moving out of a high taxed state to a much better one. Now I am doing my Cashflow strategy and getting more and more educated into this. Thanks for sharing your knowledge. 👏🏼
Who are the scam artists? I am about value creation. Made my mistakes to get here. Tough lessons along the way but constant curiosity and commitment to learning. Glad you are here.
I'm pretty sure you can do the same with buying rental properties. It's a hard asset that can be sold if money is needed, it generally increases in value over time, it provides cash flow every month. My rentals have nearly replaced the income from my day job for instance.
So, now at 65 with grandkids and just hearing about this. Sounds great! Life Ins policy on myself or wife would be very expensive it seems, so what would be the best approach in insuring my kids or grandkids (lower cost, faster growth, etc) to getting the family bank started?
🔥🔥I ordered the WWRD book a year or so ago...started reading, haven’t finished...def goin home to finish reading. You just earned another subscriber!🤣 is this program/lifestyle all laid out in your WWRD book?
Yeah how do I become a fractional reserve bank and loan money to myself that I dont have to pay off the money another bank loaned me that they didnt really have either?
Better buying and holding Bitcoin where you and only you manage and decide what happens to the funds. Without needing permission from the government nor the possibility for them or any 3rd party to stop/interfere with any transaction you send. Also they are hella scarse, only 21million total bitcoins, 18 already existing of which 2-3 are lost forever in outdated CPUs and lost wallets, and the other 2-3 left to mine will take 100+ years. In the middle of a world full of central banks and governments who PRINT PRINT PRINT everything away with new money.... Bitcoin has no top because fiat money has no bottom. It's still early.
@@andrespkpasion bitcoin is a scam. Only a fool would put significant wealth into something that people could decide is worth 10%-25% less in a few short days. Bitcoin has no intrinsic value, just what people are willing to pay for it, so as an investment, your upside is only found in someone being willing to pay more than you did.
@@CapitalWorksPro it has intrinsic value to everyone who is being stolen via inflation by governments. To everyone who wants to use hard, sound money which you can fully control and use without permission from 3rd parties. If you think it has no value or if it is a scam, I'm just sorry for you m8. Time will tell.
@@andrespkpasion I'm sorry you don't have a real hard grip on what intrinsic value is, but it doesn't. Inflation isn't a problem if you have even slight financial literacy skills, and I'm not buying anything illegal so I don't care if the government knows what I do with my money.
I’ve read the book and I understand the concept, but the internal rate of return is so minimal that I just don’t feel comfortable with tying up all that money for so many years. Plus there is like a 7-9% cost for the rider that allows for overfunding the policy. On the other hand a vul has no rider cost to overfund and the premiums aren’t fixed. While it is riskier since its tied to the market, couldnt you shift your investments? I feel like if you’re starting off in your late 30s, a VUL will be a better catch up vehicle. Can a VUL be structured in the same way that you speak of?
What’s the likelihood that this tax advantaged status for life insurance will continue? I think it seems likely to come under attack as soon as enough people realize it is being used to avoid paying taxes on wealth.
Hello Garrett . Do you agree that you need to live in free zone ( non tax area/country ) to make your own bank and make this Idea going in right bath ?
Thank you for the content. I’m in year two of my Whole Life Policy and so far no complaints. Does it make sense to start a policy on a parent in their 60’s? Trying to plan before my dad’s term policy is up. I don’t want him to renew a new costly term policy but I’d like to present him the idea of whole life if it makes sense for him. Secondly, how can one set up a policy to have a trust be the beneficiary? This concept sounds game changing. Thank you in advance if you have a chance to answer.
@@healthyhealedandhappy Thanks for the response. Do you happen to recall the title, where to find it, or have a link to it? I've downloaded a few resources but haven't come across this yet. Thanks!
Don’t confuse the terms currency, money and wealth. Each of these things can be further split into various subsets, the most important of which is lawful/legal and real/material. What you want is real wealth and lawful money. You can have more currency than anyone else on the planet but if that currency ceases to be legal tender and desirable to others, you are instantly poor, so how wealthy were you in the first place? *Currency is an illusion of wealth, never forget that. Wealth which is representative of the family house is kept in precious metals, rare jewels.... and other things like art but that begins to introduce other concepts which are also dependable on social culture, so proceed with caution with such things. Precious metals (in bullion form) have intrinsic value and the labour involved to produce it coupled with its rarity in the in the Earths composition and how easy it can be traded make it a good choice for the long term for a ‘reserve’ and silver as ‘liquidity’ (Lawful) Money is currently backed by wealth, like gold, and is guaranteed to be exchanged for gold upon request. It can also be coins stamped from precious metals or a certified composition of metals including a specific quantity of precious metal. (Fiat) currency is only as good as the public faith in it and should only be kept in sufficient quantity to facilitate the purchasing/trading requirements of the living necessities. Sadly, living costs and wage stagnation means these essential living costs consume people income entirely, which is even more reason to transfer whatever savings one may scrimp togetherness into real wealth. Bank fees and inflation will make any small amount of savings shrink further and with the complexities of foreign trade and variable national currency value, tomorrow that same dollar may not buy 2/3 of what it can today... Real wealth is often its own standard and only the value of your country’s dollar against it changes it ‘value’ Basically anyway. Don’t listen to financial planners or other ‘money experts’ they are trained to keep you in the fiat currency system and will go on and on about yields and such. This may be true at face value and A LOT of ‘money’ has been made like this, but I’m not talking about this. I’m talking about SECURING family wealth. Ie; how many people loose everything playing the stock market game? Its called speculating and not ‘investing’ for a reason.
I brought him to speak to clients once 15 years ago and another time where I met with him for a day in person. Learned a lot from him, Todd Langford, LEAP, and others.
Garrett Gunderson thank you! Is they’re anyone from your team that I can be in contact with to apply something similar here in Australia? Love your work
I honestly believe we can create a bank because anything is possible I had seminars for computers and if I would have done these for 8 months straight I would have made 3 million dollars so if you are consistent with anything you can accomplish what you want. I believe when we want to help others then God makes sure you can acquire the wealth need to help others have their basic needs.
@@alexkace6620 Psalm 14 14 The fool has said in his heart, “There is no God.” They are corrupt, They have done abominable works, There is none who does good. Psalm 37 12 The wicked plots against the just, And gnashes at him with his teeth. 13 The Lord laughs at him, For He sees that his day is coming.
SparklePeace lol in your bubble there is 1,000 contradictions, It talks about its good to rape women, have slaves.. plus god is repulsive. He kills people... There is no free will if god knows the future. Lol Watch the video on the website, Godisimaginary.com
Curious, How does an individual that is disabled potentially build wealth? I have family in a tight spot and would like to help in a way that will help the entire family. Thanks for the great work and I appreciate your help with this question in advance!
Great video as always. When you say pay yourself interest when loaning yourself money from your policy, this applies to whole life over funded policies? My life insurance agent said only variable universal policies allow yourself to interest when you pay back.
Fire that agent. Variable universal life is terrible. Risky. I bought it when I was 18 and then researched it in my econometrics course in college. I should a video on it.
Your right on point it's sad but peaple have gotten away from this reason of marriage it's not about you its being your own family bank and providing wealth for your children through a trust that's how the United states did it it's a major difference between public and private colleges don't even teach this,I'd rather be on the private side.Great video SALUTE!!
Yes I'm soooo glad I found you channel too. I've been sharing this vid with everyone! Please share the link when I put in freerd. Com it pulls up something in a Asian language, not your website
You can borrow against your 401k depending on your employer. You repay the loan with interest to yourself. You can withdraw your contributions in a Roth IRA tax free. Your insurance premiums will change with age and depending on the market over time to get those guaranteed rates . The Market will likely provide you better returns.
@@joscaca Yes the market will provide better returns, for now, but what about WHEN it crashes? The market is directly manipulated by the Federal Reserve and they create boom and bust cycles. When you take money out of a 401k you are penalized, with a Roth you already paid the tax so you cant say it's tax free. Personally I am done with the stock market because its just a big casino. I would rather store my wealth in precious metals and insurance and make money elsewhere tax free and never have to worry about losing any of it due to something completely out of my control.
Morning Garrett. Im just a fellow father begging for help and trying to make sure no one in my family after me feels struggle again. I am learning about the Rockefeller method and I am wondering if everything I need to know is in your book? I bought it but wanna be sure I do EVERYTHING thats needs to be done. Help in this field would be the most important thing I could learn in my life please help if possible. Thank you so much please
It would limit the access to future loans. Depends on the situation. If they failed in business, they could teach their lessons to the board and any other beneficiary of the trust. It wouldn’t mean they are never able to benefit from the trust, but there would be consequences. This is why a death benefit on a hire is important- to replenish the trust due to mistakes (part of learning), economic changes, inflation and taxation etc.
When you take a loan your cash value is not collateralized its the death benifet that is. This is why you still earn your interest and dividends on you whole lump of cash. Give credit to the founder tho Nelson Nash, it's called the "Infinite Banking Concept"
Yeah. That part surprised me a bit, particularly when he talks so much about building something you can leave for your kids. Taking a reverse mortgage is basically the opposite of that and usually only makes sense if you have done a terrible job planning for your future and have no other options.
@@mammlouk either then or if Obama took your tax money in 2007 to boost the stock market and banks that offered sub-prime mortgages and refinancing - the ones that manufactured the 2007 market crash and housing crisis. smfh. This guy is stuck in a time warp and honestly a lot of the financial advice nowadays is either false, misguided or short-sighted. A.I. is going to bring huge changes to finance as we know it and also wealth-creation and population numbers.
Zack Morris try letting new information in. He is giving an example of how to benefit from a life insurance policy and housing wealth while one is living. Housing wealth can benefit many people if implemented properly. Let me know if I can be of further assistance.
I don’t qualify for a policy on myself and feel stuck. I took one out on my daughter age 3 and was only able to put $30,000 in it because of her age.. Anyone have ideas for the people that don’t qualify for a policy on their own?
Using LOTS of words to say: "Borrow the money you have already earned, or loan it out to family with interest." Still have to earn it first, and being a loan officer to family? Are you willing to repo your child's car or foreclose on the house if they don't make all the payments? Trying to make it into a bigger, more complicated thing than it is. Selling long-winded books?
a campbell This is plausible but the most extreme case. The bank wouldn’t make the loan if it knew you would default on it. Who knows the person asking better then your parents? It’s trans generational is the key here so it will accumulate over time.
What is this?? Me and five family members have $1000 dollars each. How do we create “interest” and “dividends” on that??? What on earth is this guy talkin about????
Buy bitcoin and hold it. If you're not that brave, research bitcoin and you will end up buying it and holding it. If you don't do neither of those things you can watch it climbing exponentially from the outside, like i just did with tesla. But it's a really good bet, and you'll really be your own bank like this dude tells but cooler and without government in the middle of it.
Patineto I have 0.99 BTC. how about answering my question. I don’t have a clue about what this guy is talking about. Unless he is talking to rich people who already have hundreds of thousands.
The video really skims over the actual detail of what's happening. It' only makes sense if you already have a point of reference in regard to Cash Value Whole Life. Here's the simplified explanation of what he's talking about. He's talking about using Life Insurance to accrue wealth without paying taxes. Whole Life allows you to create a policy with a cash fund that allows you to invest extra money without paying taxes. The government allows you to invest into a cash fund along with your policy which can grow tax free and you can take direct cash distributions from your "Cash Value" fund, but alternatively you can take out a loan against your balance. Then when you need money for a car you get a loan from yourself and pay yourself interest instead of the bank. With a large enough cash value balance you could use this same policy to fund cars, houses, college, etc for your kids. You write it up as a loan to that person and they pay you back including interest. Everything deposited and repaid continues to grow tax free.
@Win From Within - By opening a Cash Value Whole Life insurance policy. Then overfunding it to create a tax free savings account earning a guaranteed 5%. Then when you need money you technically borrow it from the insurance company using your cash value fund as collateral. You could take it out as a withdrawal and still pay yourself back, but then you have to think about tax liabilities and you reduce the amount in your fund that is earning tax free during your payback period. As far as total returns it isn't the highest yield method of increasing wealth, but it is a solid way to keep some of your money stashed in a fairly liquid resource that provides a yield greater than inflation. The ability to borrow directly against your fund while still allowing your money to compound tax free is generally better than using a traditional bank loan. The big downside is if you are constantly taking out loans against your cash fund you are most likely going to sink yourself because you don't actually "pay yourself interest" the way that the people in the "Infinite Banking" world like to indicate. You are paying the interest to the Insurance Company who provided the loan for you. This would be fine if you were actually earning more on your money than you are paying them in interest, but dividends in these policies don't work exactly the same as they do in other financial products so while your dividend percentage might look higher your actual rate of return is probably lower. You have to calculate the costs of the premium into your return rate as well. If you are going to infrequently take out short term loans and pay them back quickly it may not be a big deal. If you have a significantly higher overall balance compared to your loan amount then it is less of an issue as well. Just like a real bank you will have to manage your return rates and determine the correct level of risk/reward in giving out loans to yourself and your family. If a regular bank will give you a < 2% rate then you might be better off taking that loan depending on how the numbers work out. A Life Insurance policy with an Infinite Banking strategy is not a magical "rainbows and sunshine" solution that will make your rich if you aren't working to increase your income stream. As mentioned in the video you have to be careful about picking the right policy and reading all of the fine print. These companies and the agents selling their products aren't running a charity. They wouldn't provide these financial products if they weren't making money off of them. There's nothing wrong with that, but just like using a credit card to get a percentage return on your daily purchases you need to understand how these things work if you are hoping to benefit without getting yourself into trouble. The company's end goal is always earning money from having you as a customer. Period.
*I don't remember how I found your channel but I'm glad I did* 💪🌚
Glad you did too.
My guy what I love about your videos you don't bullshit you go straight to the point! clear hidden wisdom 🌟🌟🌟💯
Thanks so much.
End the Federal Reserve
Now I am understanding the concept . Thank you brother 🙏
Awesome to hear. Thanks for letting me know.
Probably on a of your best videos. It Summarizes many of the best points of What would the Rockefellers do?
I am starting into your strategies. My first step was moving out of a high taxed state to a much better one. Now I am doing my Cashflow strategy and getting more and more educated into this.
Thanks for sharing your knowledge. 👏🏼
I appreciate that.
Happy to have purchased two of your books this week. Do you have a top 3 preferred companies for setting up the permanent/whole life insurance policy?
Cashflowbanking.com. They have too three they work with.
What's your advice for someone that is active duty, going to do career but wants this for his children
How did I end to here?
I dont know but glad I did.
Please man please dont end up like those scam artists.
Love your stuff.
Who are the scam artists? I am about value creation. Made my mistakes to get here. Tough lessons along the way but constant curiosity and commitment to learning. Glad you are here.
I'm pretty sure you can do the same with buying rental properties. It's a hard asset that can be sold if money is needed, it generally increases in value over time, it provides cash flow every month. My rentals have nearly replaced the income from my day job for instance.
Rentals are a multi-dimensional and have great advantages to those who know how to buy and manage properly.
So, now at 65 with grandkids and just hearing about this. Sounds great! Life Ins policy on myself or wife would be very expensive it seems, so what would be the best approach in insuring my kids or grandkids (lower cost, faster growth, etc) to getting the family bank started?
Yes, kids or grandkids can work. CashFlowBanking.com is the best place to go.
Thanking you Garrett for bringing it forward. Wishing you and family well.
Thank you
Download a node for bitcoin or litecoin. Get the private key from it for the address you’ll use Learn how to use the node in and out. Be your own bank
Garrett, you truly have an abundance mentality :) Always love to watch your videos.
Thank you so much. Appreciate it.
Amazing content!! Garett do you mind sharing what entity/company you utilize for your whole life insurance?
FYI: Those podmics really need an amp to achieve proper volume levels.
Yeah. Or go stay close to them and it improves.
What do you say to fund the personal side first as I know many advisors want you build everything through your corporate side first
Ran across you. Glad I did. Like your approach to cash value life insurance.
Thank you.
Thank you so much Garrett! I'm reading one of your books and I appreciate you sharing this information with us in the "middle class".
Thank you. Let me know what you learn and hit me up with any questions.
🔥🔥I ordered the WWRD book a year or so ago...started reading, haven’t finished...def goin home to finish reading. You just earned another subscriber!🤣 is this program/lifestyle all laid out in your WWRD book?
Wealthfactory.com/private for the program. Glad you subscribed. Enjoy the rest of the book.
Just bought the book on your site. Thanks again G
Sweeet.
Keep me in loop. Love and gratitude. Thank you for helping me.
Awesome.
Interesting concept with the family bank.
You have earned a subscriber.
Thank you. Great to hear. Welcome.
Yeah how do I become a fractional reserve bank and loan money to myself that I dont have to pay off the money another bank loaned me that they didnt really have either?
Better buying and holding Bitcoin where you and only you manage and decide what happens to the funds. Without needing permission from the government nor the possibility for them or any 3rd party to stop/interfere with any transaction you send. Also they are hella scarse, only 21million total bitcoins, 18 already existing of which 2-3 are lost forever in outdated CPUs and lost wallets, and the other 2-3 left to mine will take 100+ years. In the middle of a world full of central banks and governments who PRINT PRINT PRINT everything away with new money.... Bitcoin has no top because fiat money has no bottom. It's still early.
Yeah. Fractionalized, central banking, that is an unfair advantage.
@@andrespkpasion bitcoin is a scam. Only a fool would put significant wealth into something that people could decide is worth 10%-25% less in a few short days. Bitcoin has no intrinsic value, just what people are willing to pay for it, so as an investment, your upside is only found in someone being willing to pay more than you did.
@@CapitalWorksPro it has intrinsic value to everyone who is being stolen via inflation by governments. To everyone who wants to use hard, sound money which you can fully control and use without permission from 3rd parties. If you think it has no value or if it is a scam, I'm just sorry for you m8. Time will tell.
@@andrespkpasion I'm sorry you don't have a real hard grip on what intrinsic value is, but it doesn't. Inflation isn't a problem if you have even slight financial literacy skills, and I'm not buying anything illegal so I don't care if the government knows what I do with my money.
Your content is amazing! I would love to be apart of your show sometime! Keep up the amazing work!
I want to learn more about the legacy ring and how start building my financial free with creating my own bank
Cool. I have some videos on the legacy ring in the legacy portion on my channel. Cashflowbanking.com for the bank!
This is EXACTLY what I have been thinking about. Going to do this!
Great to hear.
I’ve read the book and I understand the concept, but the internal rate of return is so minimal that I just don’t feel comfortable with tying up all that money for so many years. Plus there is like a 7-9% cost for the rider that allows for overfunding the policy. On the other hand a vul has no rider cost to overfund and the premiums aren’t fixed. While it is riskier since its tied to the market, couldnt you shift your investments? I feel like if you’re starting off in your late 30s, a VUL will be a better catch up vehicle. Can a VUL be structured in the same way that you speak of?
I drive an old Honda accord ,, freedom from frugality , it was cheap and it is reliable ,,,
What’s the likelihood that this tax advantaged status for life insurance will continue? I think it seems likely to come under attack as soon as enough people realize it is being used to avoid paying taxes on wealth.
your video was just siggested and i am very excited that I found you guys
Great.
Hello Garrett .
Do you agree that you need to live in free zone ( non tax area/country ) to make your own bank and make this Idea going in right bath ?
Thank you for the content. I’m in year two of my Whole Life Policy and so far no complaints. Does it make sense to start a policy on a parent in their 60’s? Trying to plan before my dad’s term policy is up. I don’t want him to renew a new costly term policy but I’d like to present him the idea of whole life if it makes sense for him. Secondly, how can one set up a policy to have a trust be the beneficiary? This concept sounds game changing. Thank you in advance if you have a chance to answer.
It depends, set up an appointment at CashFlowBanking.com in order to determine what makes the most sense for you.
all is well all be well
Your dad was a miner thats awesome. I did 8 yrs underground for Walter Energy at #4 mine until they laid off in 2015 carded electrician.
Wow. My great grandfather, grandfathers and my dad were all coal miners. Crazy.
That deep voice. Subscribed. Plus I found you via your Facebook ad. About to get your system.
That is great to hear. Let me know how you like it.
good morning, I like your channel very informative.
Thanks, that is great to hear, glad you are watching and enjoying.
Garrett, what company did you do this with, or branch office? I'd rather buy from someone that knows/understands what I'm talking about. Thank you.
Cashflowbanking.com.
Just picked up your book
Fire content 🔥 Good luck in the family 5k! Sounds fun.
We are so underprepared but doing it. Ha.
Garrett Gunderson Just make sure to have the orange 🍊 slices ready and the ice bath ready to go! 🤣
That's a cool concept, I like it. Start your own bank
Thank you.
Garrett Gunderson
Us folks that are in crypto currencies have been running our own banks controlled by us for years now
Exactly what I was going for! Just got a new subscriber!
Love it. Thanks.
I would love to see that family constitution document.. or just an example so my wife and i have a template to start writing ours.
There’s a copy in his free ebook.
@@healthyhealedandhappy Thanks for the response. Do you happen to recall the title, where to find it, or have a link to it? I've downloaded a few resources but haven't come across this yet. Thanks!
Why do an over funded cash value plan is it for liquidity and tax purposes?
Don’t confuse the terms currency, money and wealth. Each of these things can be further split into various subsets, the most important of which is lawful/legal and real/material. What you want is real wealth and lawful money.
You can have more currency than anyone else on the planet but if that currency ceases to be legal tender and desirable to others, you are instantly poor, so how wealthy were you in the first place? *Currency is an illusion of wealth, never forget that. Wealth which is representative of the family house is kept in precious metals, rare jewels.... and other things like art but that begins to introduce other concepts which are also dependable on social culture, so proceed with caution with such things.
Precious metals (in bullion form) have intrinsic value and the labour involved to produce it coupled with its rarity in the in the Earths composition and how easy it can be traded make it a good choice for the long term for a ‘reserve’ and silver as ‘liquidity’
(Lawful) Money is currently backed by wealth, like gold, and is guaranteed to be exchanged for gold upon request. It can also be coins stamped from precious metals or a certified composition of metals including a specific quantity of precious metal.
(Fiat) currency is only as good as the public faith in it and should only be kept in sufficient quantity to facilitate the purchasing/trading requirements of the living necessities. Sadly, living costs and wage stagnation means these essential living costs consume people income entirely, which is even more reason to transfer whatever savings one may scrimp togetherness into real wealth. Bank fees and inflation will make any small amount of savings shrink further and with the complexities of foreign trade and variable national currency value, tomorrow that same dollar may not buy 2/3 of what it can today...
Real wealth is often its own standard and only the value of your country’s dollar against it changes it ‘value’ Basically anyway.
Don’t listen to financial planners or other ‘money experts’ they are trained to keep you in the fiat currency system and will go on and on about yields and such. This may be true at face value and A LOT of ‘money’ has been made like this, but I’m not talking about this. I’m talking about SECURING family wealth. Ie; how many people loose everything playing the stock market game? Its called speculating and not ‘investing’ for a reason.
This is a mix of both somewhat decent definitions and extreme ignorance. This kind of thinking is dangerous.
From Alan Watts: Money is a measure of wealth. Money is not wealth. Wealth consists of: material resources + energy + intelligence.
Sooo interesting ! But gosh it's hard to understand for a rookie non-native english speaker 😕
went to website mentioned, and it was NOT free!
Is getting a whole life insurance policy be beneficial at age 61?
Possibly
Nash Nelson. Give credit where it's due dude.
I brought him to speak to clients once 15 years ago and another time where I met with him for a day in person. Learned a lot from him, Todd Langford, LEAP, and others.
What would we do without youtube..
Seriously though!
Word
Probably have to read his books!
Do not know about you but I think I will persist with my YT Premium Subscription!
Valentin A. We’ve come a long way since 2005. UA-cam is still the future of television!
Shared this on my Facebook a couple days ago. #NerdGang
Thank you.
My family asked me if the funds are FDIC insured. I spoke with the insurance agent and its not. Is there a way to insure the money seperstely?
Yes through state guaranty associations.
@@GarrettGundersonTV thank you
Please fix volume. Great content 👍🏾
Thanks. Will see what happened.
How do i start one up... any step by step plan i can reference ?
UA-cam keyword search "Nelson Nash" or infinitebanking.org/
Yes, Nelson’s site mentioned or CashFlowBanking.com
Are all this method available only in US?
Or are they international?
I live in Australia
Love your work
👌
CashFlowBanking.com doesn’t work in Australia unfortunately. Us, Canada both work really well.
Garrett Gunderson thank you! Is they’re anyone from your team that I can be in contact with to apply something similar here in Australia? Love your work
Can a new zealander get a policy in the us
@@rickranby8182 yes but you will need a type of visa or green card
I honestly believe we can create a bank because anything is possible I had seminars for computers and if I would have done these for 8 months straight I would have made 3 million dollars so if you are consistent with anything you can accomplish what you want. I believe when we want to help others then God makes sure you can acquire the wealth need to help others have their basic needs.
SparklePeace godisimaginary.com
@@alexkace6620
Psalm 14
14 The fool has said in his heart,
“There is no God.”
They are corrupt,
They have done abominable works,
There is none who does good.
Psalm 37
12 The wicked plots against the just,
And gnashes at him with his teeth.
13 The Lord laughs at him,
For He sees that his day is coming.
SparklePeace lol in your bubble there is 1,000 contradictions,
It talks about its good to rape women, have slaves.. plus god is repulsive. He kills people...
There is no free will if god knows the future. Lol
Watch the video on the website,
Godisimaginary.com
I would love to do something like this, but my family just ain't worth it 😕...
Sorry to hear that.
Real talk! Sad we can't trust those who we love and are blood related smh
Create a new one.
I would like to know if this cash flow or family banking can work in Jamaica.
Not that I am aware of, unless you come to the US and sign documents and set it up here.
Would it be an option to use US Currency Notes instead of devalued Federal Reserve Notes as my posits? Keeping 100% of my PAR Value?
Possibly in a private placement policy but not standard whole life.
Sounds the same as the infinite banking concept Nelson Nash and bob Murphy talk about
it's probably the same thing just under a different name. there's also Bank On Your Self by Pamela Yellen.
Similar but not exact. I knew Nelson’s and know Pamela as well.
Curious, How does an individual that is disabled potentially build wealth?
I have family in a tight spot and would like to help in a way that will help the entire family.
Thanks for the great work and I appreciate your help with this question in advance!
Good news it is about the mind over physical braun. 5 Day Weekend is the vest guide I know of to get you started.
Askthemoneynerds.com too
Great video as always. When you say pay yourself interest when loaning yourself money from your policy, this applies to whole life over funded policies? My life insurance agent said only variable universal policies allow yourself to interest when you pay back.
Fire that agent. Variable universal life is terrible. Risky. I bought it when I was 18 and then researched it in my econometrics course in college. I should a video on it.
Just what we need, everyone and their grandma starting their own bank! Schmuck
Any tips for someone who just found this strategy, but already has an Index Universal Life policy?
Yes. It may be able to be designed to work adequately or converted or rolled over. Cashflowbanking.com
1035 exchange
Your right on point it's sad but peaple have gotten away from this reason of marriage it's not about you its being your own family bank and providing wealth for your children through a trust that's how the United states did it it's a major difference between public and private colleges don't even teach this,I'd rather be on the private side.Great video SALUTE!!
Thank you.
What do you do when family defaults on the loan? awkward Christmas for life
I'm going to look deeper into this. Cool concept.
Great.
Yes I'm soooo glad I found you channel too. I've been sharing this vid with everyone! Please share the link when I put in freerd. Com it pulls up something in a Asian language, not your website
LOL I just seen the link in the description it was a different link so thanks again downloading now
Hmmm. Not sure what is happening there.
Who did you go to to implement the whole life policy and trust?
Bankonyourself.com has these type policies. That's who I'm using. I was waiting for him to release other sources but... hey.
Cashflowbanking.com and they will set up a meeting
The people I have met from there are great.
You can borrow against your 401k depending on your employer. You repay the loan with interest to yourself.
You can withdraw your contributions in a Roth IRA tax free.
Your insurance premiums will change with age and depending on the market over time to get those guaranteed rates .
The Market will likely provide you better returns.
@@joscaca Yes the market will provide better returns, for now, but what about WHEN it crashes? The market is directly manipulated by the Federal Reserve and they create boom and bust cycles. When you take money out of a 401k you are penalized, with a Roth you already paid the tax so you cant say it's tax free.
Personally I am done with the stock market because its just a big casino. I would rather store my wealth in precious metals and insurance and make money elsewhere tax free and never have to worry about losing any of it due to something completely out of my control.
How much is needed monthly to put in? Is there a sweet spot?
Depends on cash flow but start somewhere. Check with the guys at cashflowbanking.com
Sounds like concepts taken from The Art of Passing the Bucks
Don’t know that one.
Do these loans show up on credit report?
Cash value loans do not impact or show up on your credit report.
So is this Gerald of rivia's financial smarter non mutated twin brother?
What mutual company do you recommend?
I like Mass Mutual, Penn Mutual, AUL, Guardian, Northwestern, New York Life, and a dozen others.
How do I start my own credit card company I'm in Canada where we can lend out money with out having any money in the bank
That I don’t have an answer for without a much longer conversation
@@GarrettGundersonTV is that going to be your next video
Glad I found you, this was uplifting and Im going to share it
That is awesome to hear, thank you.
Why not access your ability to create money yourself?
After all when you borrow money you're not borrowing the bank depositors money are you?
all this predicated on that your a healthy individual BTW
Best policies?
CashFlowBanking.com. Overfunded. Penn Mutual. Mass Mutual. Guardian. AUL One America. New York Life. Just to name a few.
UA-cam University 101
Gold and silver bullion......problem solved 🤔
Why no Close Captioning on this video?
Morning Garrett. Im just a fellow father begging for help and trying to make sure no one in my family after me feels struggle again. I am learning about the Rockefeller method and I am wondering if everything I need to know is in your book? I bought it but wanna be sure I do EVERYTHING thats needs to be done. Help in this field would be the most important thing I could learn in my life please help if possible. Thank you so much please
Here are some additional great resources on me. GarrettGunderson.com/richlife
What would happen if an heir didnt pay back a loan?
It would limit the access to future loans. Depends on the situation. If they failed in business, they could teach their lessons to the board and any other beneficiary of the trust. It wouldn’t mean they are never able to benefit from the trust, but there would be consequences. This is why a death benefit on a hire is important- to replenish the trust due to mistakes (part of learning), economic changes, inflation and taxation etc.
Awesome
Thanks
what product do you use for your hair?
Natural oils!
I get it wet everyday but don’t shampoo it.....yep. #dirtbag
Unicorn tears are great too
Is having one rental property considered a business?
It is a start.
Not all businesses need a business license. It depends on the business and the state and county your business is in.
When you take a loan your cash value is not collateralized its the death benifet that is. This is why you still earn your interest and dividends on you whole lump of cash. Give credit to the founder tho Nelson Nash, it's called the "Infinite Banking Concept"
If you die they subtract it from your death benefit yes, but the loan amount is determined by your cash value.
@@GarrettGundersonTV did you give him credit??
5 minutes in and he’s recommending that his parents get a reverse mortgage. 😂😂
No need to finish the video at this point. Lol
either he's a total fraud or he knows nothing about economics. - pick one.
Yeah. That part surprised me a bit, particularly when he talks so much about building something you can leave for your kids. Taking a reverse mortgage is basically the opposite of that and usually only makes sense if you have done a terrible job planning for your future and have no other options.
@@mammlouk either then or if Obama took your tax money in 2007 to boost the stock market and banks that offered sub-prime mortgages and refinancing - the ones that manufactured the 2007 market crash and housing crisis. smfh. This guy is stuck in a time warp and honestly a lot of the financial advice nowadays is either false, misguided or short-sighted. A.I. is going to bring huge changes to finance as we know it and also wealth-creation and population numbers.
@@MidasSpade_ Obama wasn't President until Jan 2009. What are you talking about? Google works
Zack Morris try letting new information in. He is giving an example of how to benefit from a life insurance policy and housing wealth while one is living. Housing wealth can benefit many people if implemented properly. Let me know if I can be of further assistance.
How would you envision this when there will be no heirs?
What matters and who matters to you? What do you want to advance and support?
Not at all a bank. Its actually just saving for later withdrawal. Banks DO NOT operate as he explains.
Technically it’s not a “bank”
Google "Nelson Nash Institute" (RIP Nelson)
Yes!
We are going nowhere or helping no one as long as we are still calling this instrument👉👀 MONEY 😏😪
Snaped
I don’t qualify for a policy on myself and feel stuck. I took one out on my daughter age 3 and was only able to put $30,000 in it because of her age..
Anyone have ideas for the people that don’t qualify for a policy on their own?
There are a few specialty places that help with people having a hard time getting a policy. Cashflowbanking.gg
So much of this is going over my head. I need to learn the basics. Where do i start?
FreeWWRD.com and grab my book, on me. That will be a great start.
Using LOTS of words to say: "Borrow the money you have already earned, or loan it out to family with interest."
Still have to earn it first, and being a loan officer to family? Are you willing to repo your child's car or foreclose on the house if they don't make all the payments? Trying to make it into a bigger, more complicated thing than it is. Selling long-winded books?
a campbell
This is plausible but the most extreme case.
The bank wouldn’t make the loan if it knew you would default on it. Who knows the person asking better then your parents? It’s trans generational is the key here so it will accumulate over time.
I ordered and paid for that book like a few weeks ago. Still hasn't come in.
Which book?
@@GarrettGundersonTV What Would The Rockefellers Do?
Let me check on it and see if it is backordered or may just be because it is sent snail mail- hahaha.
What is this??
Me and five family members have $1000 dollars each.
How do we create “interest” and “dividends” on that???
What on earth is this guy talkin about????
Buy bitcoin and hold it. If you're not that brave, research bitcoin and you will end up buying it and holding it. If you don't do neither of those things you can watch it climbing exponentially from the outside, like i just did with tesla. But it's a really good bet, and you'll really be your own bank like this dude tells but cooler and without government in the middle of it.
Patineto
I have 0.99 BTC.
how about answering my question.
I don’t have a clue about what this guy is talking about.
Unless he is talking to rich people who already have hundreds of thousands.
The video really skims over the actual detail of what's happening. It' only makes sense if you already have a point of reference in regard to Cash Value Whole Life.
Here's the simplified explanation of what he's talking about.
He's talking about using Life Insurance to accrue wealth without paying taxes. Whole Life allows you to create a policy with a cash fund that allows you to invest extra money without paying taxes. The government allows you to invest into a cash fund along with your policy which can grow tax free and you can take direct cash distributions from your "Cash Value" fund, but alternatively you can take out a loan against your balance. Then when you need money for a car you get a loan from yourself and pay yourself interest instead of the bank. With a large enough cash value balance you could use this same policy to fund cars, houses, college, etc for your kids. You write it up as a loan to that person and they pay you back including interest. Everything deposited and repaid continues to grow tax free.
Jeremy Coleman
Brilliant.
Now am getting some idea...
Cheers fella.
@Win From Within - By opening a Cash Value Whole Life insurance policy. Then overfunding it to create a tax free savings account earning a guaranteed 5%. Then when you need money you technically borrow it from the insurance company using your cash value fund as collateral. You could take it out as a withdrawal and still pay yourself back, but then you have to think about tax liabilities and you reduce the amount in your fund that is earning tax free during your payback period. As far as total returns it isn't the highest yield method of increasing wealth, but it is a solid way to keep some of your money stashed in a fairly liquid resource that provides a yield greater than inflation. The ability to borrow directly against your fund while still allowing your money to compound tax free is generally better than using a traditional bank loan. The big downside is if you are constantly taking out loans against your cash fund you are most likely going to sink yourself because you don't actually "pay yourself interest" the way that the people in the "Infinite Banking" world like to indicate. You are paying the interest to the Insurance Company who provided the loan for you. This would be fine if you were actually earning more on your money than you are paying them in interest, but dividends in these policies don't work exactly the same as they do in other financial products so while your dividend percentage might look higher your actual rate of return is probably lower. You have to calculate the costs of the premium into your return rate as well. If you are going to infrequently take out short term loans and pay them back quickly it may not be a big deal. If you have a significantly higher overall balance compared to your loan amount then it is less of an issue as well. Just like a real bank you will have to manage your return rates and determine the correct level of risk/reward in giving out loans to yourself and your family. If a regular bank will give you a < 2% rate then you might be better off taking that loan depending on how the numbers work out. A Life Insurance policy with an Infinite Banking strategy is not a magical "rainbows and sunshine" solution that will make your rich if you aren't working to increase your income stream. As mentioned in the video you have to be careful about picking the right policy and reading all of the fine print. These companies and the agents selling their products aren't running a charity. They wouldn't provide these financial products if they weren't making money off of them. There's nothing wrong with that, but just like using a credit card to get a percentage return on your daily purchases you need to understand how these things work if you are hoping to benefit without getting yourself into trouble. The company's end goal is always earning money from having you as a customer. Period.
As Les would say “Brain On” 😀
Totally. And he would say “I am the man who loves his life”. thanks for this.
Notice how they never discuss the risk involved in their life insurance techniques & the legality
Guatemala lol
Haha.
100 percent legal. Must be funded properly. What are you wanting to know.