#duet with @Kris Krohn The Banks profit immensely off your savings and give you nothing in return. Why do so many people store most of their savings in the bank? Probably because they're not aware of the #infinitebanking concept. With a specially designed #cashvaluelifeinsurance plan, you can #beyourownbank The insurance company gives you a much better return and your #compoundinterest is #taxfree You can leverage your own #money in the policy to buy assets that #cashflow like rental properties. It's the power of #otherpeoplesmoney If you want to do something more creative with your savings, comment "bank" below! Or you can use the calendar link in my bio to book a free consultation! #financialliteracy #wealthymindset #generationalwealth #safemoney

Replying to @inchwormsuperhighway Should you pay cash for a car outright? It works a lot better to purchase a car through #cashvaluelifeinsurance designed for #infinitebanking How does that work? The life insurance functions like a glorified savings account. Your #money grows #taxfree and the life insurance company gives you a line of credit against your account. That allows you to continuously earn #compoundinterest while building more #taxfreewealth as you buy the car. Using life insurance this way allows you to never break the cycle of compounding. #financialliteracy #wealthymindset #generationalwealth #safemoney

Replying to @bayapple22 Is #lifeinsurance expensive? Well there are two answers to this question. The first answer is compared to what? Many people pay more fees in a #401k than a life insurance retirement plan. The second answer is a resounding "no." The long term costs of insurance actually decline as your cash value builds up. Overall, #cashvaluelifeinsurance designed correctly averages a 1% insurance fee. Very reasonable. Now even if that 1% insurance fee is higher than a typical index fund or mutual fund, who cares? You still yield 30% to 50% MORE #retirementincome with life insurance. That's because the stock market is good at growing your #money but terrible at producing income. Retirement is all about #cashflow. Average rates of return are meaningless and do nothing for you. You can reject all that just because it's life insurance. But that's an admission of your own prejudice and weak intellect. If the plan gives you more #taxfree income than the alternative, who cares what the plan is? #financialliteracy #wealthymindset #compoundinterest #safemoney #generationalwealth #retirementincome

Replying to @limulusplays What was the #401k originally intended to do? The pioneer and founder of the #401ktrap even stated himself that he never planned on a 401k to be your primary #retirementincome The 401k morphed into a program that corporate America used to replace pensions. Retirement liability then completely shifted away from the company and on to the individual employee. Also the 401k was a conveyor belt of #money right to Wall Street. Money funneled straight into stocks and bonds, pumping the stock market to all time record highs. When the foundation of your retirement is built on risk assets, it makes for inconsistent income. This is where #lifeinsurance and #annuities come in. They provide #guaranteedincome that stocks & bonds can't. #financialliteracy #wealthymindset #generationalwealth #avoidtaxes #taxfreewealth #compoundinterest #safemoney

How does a #lifeinsurance retirement plan work? Well in the internal revenue code, section 7702 defines the tax benefits of life insurance. Namely that #cashvaluelifeinsurance is accessible completely #taxfree as #retirementincome There is only one other asset that allows that, and it's a Roth IRA. If you want to retire and pay zero taxes, then you need to seriously consider the benefits of a properly designed LIRP. There are no contribution limits and the #money grows without any market risk. The death benefit on the policy also doubled as a separate pool of money if you ever need funds for #longtermcare So if you want to take a serious look as the benefits a properly designed LIRP can provide, follow my page and book a call! #generationalwealth #financialliteracy #wealthymindset #compoundinterest #avoidtaxes #taxfreewealth