In this episode, we discuss the impact opportunity cost has on your money. Plus, we’ll share how you can avoid missing out on the wealth caused by idle or misused dollars.Read More
In this episode, we will discuss the best investment you can make and how infinite banking can help you become a better investor. Tune in to this episode of the podcast and find out now.Read More
In this episode, we discuss the dangerous pitfalls of trying to use Universal Life Insurance to act as a bank. Plus, we explain why Participating Whole Life Insurance as your IBC banking tool is far superior.Read More
Find out about the three most common myths about banks costing you money. Changing the way you think about banking can put thousands of dollars in your pocket.Read More
In this episode, we will discuss when it makes sense to stop paying premiums towards your whole life policy when you’re using it as a banking tool, We’ll also share why you’ll probably have to change your perspective on the word “premium” if you want to be successful at Priviate Family Financing in the first place.
We are asked all the time: “When can I stop paying premiums?” Where does that question even come from typically?
We’re raised with a scarcity mindset of holding on to as much of our money as we can. This then translates into a belief that if we are paying into premiums, then it is money leaving. We have this “paid off” mentality, and we lump our banking policies in there too, unfortunately.
The trouble comes in when people view their whole life insurance policy as just another insurance. If I make a $500 payment towards car insurance, home insurance, and different things, we all know I have less money the next day. I’m poorer now.
Premiums are Different
But Priviate Family Financing is actually a different type of premium payment. The money doesn’t vanish into someone else’s pocket.
With Priviate Family Financing you’re the banker. The reality is this: It’s not money leaving. Premiums paid into a whole life insurance policy under Priviate Family Financing is money being deposited into your private bank, and banks never want you to stop making deposits.
We need to change the way we see these premiums from adding into the payment side of the budget to the asset side of the budget. Then you get to see what happens when you pay the premiums.
In this episode, we discuss the mental barriers that prevent your financial success. And we’ll share the things that you need to do to create a strategic financial vision to achieve freedom.Read More
The 401k match is probably the most common tool used by Americans today as they try to save for the future. But is it right for you? In this episode, we will discuss the many questions to ask yourself to decide if it is a good fit for you. Your home may need a new home…Read More
In this episode, we discuss how you can avoid going bankrupt paying for college. We’ll share techniques, strategies, hacks, and tips. Click here to tune into the show…Read More
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