5 Year Infinite Banking Performance Update
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- Опубликовано: 21 апр 2024
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Hey Denzel hope all is well with you...i haven't been watching many of your videos as of late but, you have come a long way. I was watching you when you first started. Btw our polices are the same age, IBC global set mine up.
Congrats on your current and hopefully future success.
You can still make backdoor Roth IRA contributions
Thank you for the info and videos. I am working on completing your form with all my numbers. I am not clear on what info I need to provide on some lines. Can you direct me to a video or webpage that explains the type of items I need to list line-by- line? Ex: What are some examples of what should be listed in Household Expenses vs Living Expenses
watch this video it will really help you put all of your numbers together. - ruclips.net/video/uFuQUYqdjTI/видео.htmlsi=2KwZDOpD7lbStr_J
Do you pay back what you borrow from your policy?
How many years do you fund a policy? Are you paying 70k for life?
Yes to the first question and the policy I’m funding at 70k per year is designed to fund for 7 years. I can pay into it my whole life just not as 70k.
A policy can be designed to pay into a much longer period of time
Are the loans directly or indirectly recognized for this policy?
@@andrewthompson6422 the guardian life insurance policy is a direct recognition loan.
My loan rate is 5.66% and I’m earning 6% on the borrowed funds. The non borrowed funds continues to receive the dividend rate from the company. I’m earning a little more to borrow than what it costs. In order for that to happen I pay my loan interest upfront on the anniversary date each year.
Thanks for your response.
Can velocity banking work for someone like myself who's 22, has NO INCOME and NO DEBT?
Or perhaps can you make a video concerning a person who is starting out in life with no debt? This would be helpful. Also l am one of the few people who DID sit through your 2 hr interview with Caleb on better wealth. The velocity banking masterclass video, just finished it.
I thought you were 21 in another comment. The answer is no first you need a source of income. That is the only thing you should concern yourself with starting out in life is getting a stream of income to start building your finances.
I am 22. I deleted the comment because l realized l put the wrong age. But l understand, concerning creating a stream of income. Is there a baseline minimum l should be looking at?
@@michealknight1304 at 22 me personally I’ll work anywhere just to get started
What do you know how to do? What did you go to school for? I started working in food & beverage saved money then got educated in finance then started my own business then created success over a period of time