E84: How To Save Money Financing College with Infinite Banking
In this episode, we will share exactly how you can finance college with an Infinite Banking Policy. We’ll also discuss the different options whether you’re in school now, you’ve recently graduated, you are trying to pay off your student loans, or if you’re saving money for your kids to go to school in the future.
We’re often asked by clients about how to finance college with Infinite Banking policies. In fact, it may be one of the most frequent questions we hear and help answer from individuals, parents, and grandparents.
Topics Discussed in Turning Liabilities into Assets:
- Should you pay off student debt as fast as possible
- Why throwing everything you have at student loans may not be the best choice
- Using a policy to pay off student loans
- Using a policy to pay for college
- Using a policy to save for college
Having the policy to be able to pay that off the student debt can be very comforting for you and your spouse. Plus, there’s no death benefit to student debt.Paying down debt itself is not building wealth. There’s nothing creating on the asset side. You’re just reducing liabilities. You want to build assets correspondingly, the assets are what make you free.
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