Could you consider also having a chapter about how to handle property as a business. Like all the things involved with that, tax, how to pay yourself all the work nje. Thank you
It my first time to watch this lady but I'm already loving her... GOOD AND SOLID CONTAINT.... WELL SPOKEN... CLEVER AND OPEN MINDED... DEEP AND CLEAR KNOWLEDGE... please make moew videos
When I researched on this previously, I found that it is no longer being done in SA but really looking forward to Part 2. I really hope we can find that it is possible.
In South Africa we used to have that product. It was called Universal Life Cover or Universal Policy. It was phased out by all companies. Some people have it but no new policies that are available.
I'm halfway to watching this Financial Bunny and I couldn't wait to comment. Forgive me but, there is 2 concepts. Infinite banking and velocity banking. I stumbled upon this 2 years ago, and I have been struggling to find an insurance company in SA that I can setup this. Denzel Rodriguez also teaches this and I think he is brilliant.
Sister NIC.love you so much with the information you giving us,i heard about it from the guy living in america and I've been searching to see if it also apply in S.A but found non so,I'll hear from you when your financial advisor gives the feedback to you...
Thank you for this video, I have being trying to find information about this whole life insurance and if it's applicable in South Africa.. Please get back to us and maybe have. List of the companies that provide this whole life insurance.
Lol amazing woman over here. Quirky too. I've seen videos of American investors speaking of this thing and was wondering why the South African counterparts weren't talking about it too. Kanti it might not be possible here. Please keep us updated, really appreciate that.
Mashilo, I am also following infinite banking concept from US wealth creation advisers and asked the same question from my insurance broker: i.e. whether you can borrow money from your life insurance to invest, in say property, and I was told that it was not allowed in South Africa. Perhaps you can be an activist to make ensure that this product is available to ordinary citizens in South Africa. Apparently, there is a provision for this for South African billionaires.
Family bank-everyone in the family takes up life insurance, when they die it pays into the family trust, that money is invested and family members can borrow from to buy eg property, payments are made back to the trust, like in a bank
In Namibia, I have recently discovered the contingencies aspect of insurance that will give access to similar benefit. But the only difference between contingencies and the aspect you are explaining is that there the guys put Lumpsum amounts in it ( claims them as tax deductions) and are able borrow money against that as collateral . I will explore if there are some companies that allows one to build over time instead of lumpsum but I was equally blown when I discovered the concept I must say too
What I've also seen is that in USA, their banks offer them under 2% interest unlike us. That's why they use their WHOLE LIFE POLICIES to score off that rate. We in SA earn far more than USA guys do.
I know someone who had critical illness cover, got sick and their insurance paid out around R1 million. That person used the payout to build wealth as they fully recovered from the illness but also saved some money for any health complications.
Please comeback I am waiting that sound interesting sisi kaloku(uyathetha neh). You miss learning that from the time you were at Rhodes varsity 🤣🤣🤣. Thank Nic🙏🙏🙏👏👏👏
It's been about a year trying to do it but all the insurance Companies say they don't have the product. So I attempted to open a family trust but struggled with that as well.
I have always said there MUST be a way to enjoy or earn some money while you are still alive through life insurance. It can’t be called LIFE insurance if we can’t use it while alive. So it’s basically death insurance nje.
You can check out Sanlam's wealth bonus. A certain portion of your premiums go to your wealth bonus. After a certain number of years you can draw out some money and that is if you have not claimed from your insurance. So we have one client that will get paid between R2mil and ~R4mil (this is just a range for this client, I can't give the actual figure) in the next 5 years when the wealth bonus ceases.
@@AyandaNgcethe That's rigged this wealth thing is man,But things are slowly getting alright I just hope I'm my kids generation will have better options
Could you consider also having a chapter about how to handle property as a business. Like all the things involved with that, tax, how to pay yourself all the work nje. Thank you
Mashilo, I am also following infinite banking concept from US wealth creation advisers and asked the same question from my insurance broker: i.e. whether you can borrow money from your life insurance to invest, in say property, and I was told that it was not allowed in South Africa. Perhaps you can be an activist to make ensure that this product is available to ordinary citizens in South Africa. Apparently, there is a provision for this for South African billionaires.
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Could you consider also having a chapter about how to handle property as a business. Like all the things involved with that, tax, how to pay yourself all the work nje. Thank you
I heard about this during Covid but it didn't make sense and it seemed like we didn't have these companies in Mzansi thank you for covering this.
It my first time to watch this lady but I'm already loving her... GOOD AND SOLID CONTAINT.... WELL SPOKEN... CLEVER AND OPEN MINDED... DEEP AND CLEAR KNOWLEDGE... please make moew videos
When I researched on this previously, I found that it is no longer being done in SA but really looking forward to Part 2. I really hope we can find that it is possible.
In South Africa we used to have that product. It was called Universal Life Cover or Universal Policy. It was phased out by all companies. Some people have it but no new policies that are available.
I'm halfway to watching this Financial Bunny and I couldn't wait to comment. Forgive me but, there is 2 concepts. Infinite banking and velocity banking. I stumbled upon this 2 years ago, and I have been struggling to find an insurance company in SA that I can setup this. Denzel Rodriguez also teaches this and I think he is brilliant.
Sister NIC.love you so much with the information you giving us,i heard about it from the guy living in america and I've been searching to see if it also apply in S.A but found non so,I'll hear from you when your financial advisor gives the feedback to you...
Thank you for this video, I have being trying to find information about this whole life insurance and if it's applicable in South Africa..
Please get back to us and maybe have. List of the companies that provide this whole life insurance.
Lol amazing woman over here. Quirky too.
I've seen videos of American investors speaking of this thing and was wondering why the South African counterparts weren't talking about it too. Kanti it might not be possible here. Please keep us updated, really appreciate that.
You are basically talking about Game Theory, a branch of applied Mathematics. It's a great concept.
Dont forget to watch the Ads guys, so our Financial bunny can get paid👍
your energy is infectious Nwabisa love you a lot what is you mentoring program about
Mashilo, I am also following infinite banking concept from US wealth creation advisers and asked the same question from my insurance broker: i.e. whether you can borrow money from your life insurance to invest, in say property, and I was told that it was not allowed in South Africa. Perhaps you can be an activist to make ensure that this product is available to ordinary citizens in South Africa. Apparently, there is a provision for this for South African billionaires.
Please please get back to us I have been looking into this as well🔥
I've been looking for Whole Life Insurance in South Africa, with no luck. Please tell me there's some loophole or something😊
Family bank-everyone in the family takes up life insurance, when they die it pays into the family trust, that money is invested and family members can borrow from to buy eg property, payments are made back to the trust, like in a bank
In Namibia, I have recently discovered the contingencies aspect of insurance that will give access to similar benefit. But the only difference between contingencies and the aspect you are explaining is that there the guys put Lumpsum amounts in it ( claims them as tax deductions) and are able borrow money against that as collateral . I will explore if there are some companies that allows one to build over time instead of lumpsum but I was equally blown when I discovered the concept I must say too
14:15 The strategy you are talking about is called "Buy, Borrow, Die"....everybody wins
What I've also seen is that in USA, their banks offer them under 2% interest unlike us. That's why they use their WHOLE LIFE POLICIES to score off that rate. We in SA earn far more than USA guys do.
I know someone who had critical illness cover, got sick and their insurance paid out around R1 million. That person used the payout to build wealth as they fully recovered from the illness but also saved some money for any health complications.
I love you Nicolette❤️, awusivaleli ngaphandle shem🙌🏾🥺.
So how did you start your infinite bank in South Africa
I Wana start one myself.
Did you find out about this yet? I've spoken with many CFPs who say that we don't have this ability in SA
Please comeback I am waiting that sound interesting sisi kaloku(uyathetha neh). You miss learning that from the time you were at Rhodes varsity 🤣🤣🤣. Thank Nic🙏🙏🙏👏👏👏
These are called endowment policies, part investment, part insurance, they tend to be a bit expensive than a normal whole life policy though
Your nails are amazing when they clash 😥
Advise us how to write and publish books
It's been about a year trying to do it but all the insurance Companies say they don't have the product. So I attempted to open a family trust but struggled with that as well.
i have heard it form Nipsey hussle and waka flaka for years cz they use LLC
So excited about the kiddies books, can't wait ☺️
I have always said there MUST be a way to enjoy or earn some money while you are still alive through life insurance. It can’t be called LIFE insurance if we can’t use it while alive. So it’s basically death insurance nje.
True lol
You can check out Sanlam's wealth bonus. A certain portion of your premiums go to your wealth bonus. After a certain number of years you can draw out some money and that is if you have not claimed from your insurance. So we have one client that will get paid between R2mil and ~R4mil (this is just a range for this client, I can't give the actual figure) in the next 5 years when the wealth bonus ceases.
Please plan your delivery.
Building wealth using insurance now that is a business model
Wow I need to research now I am based in UK but as an immigrant. Whole life insurance in 2parts.
Watched this video five times and i still don't get it. Please get back to us when you find more information.
I've heard about it, I wonder if a normal life insurance is considered as whole life insurance, please do return to us😁
That blank is called the 'writers block'...
Have you figured out the answer yet?
Last time I did research I found out they not doing it anymore,But Sounds like you have a better source,Looking forward to your Response
Yes, it was called Universal Life Insurance. No new policies available. Only old guys who have it.
@@AyandaNgcethe That's rigged this wealth thing is man,But things are slowly getting alright I just hope I'm my kids generation will have better options
Can't wait for part 2, chair gripping content
My my my. Beautiful 🙈🙈🤔🤔🤔🤔
If it's possible. Can you take some of your funds out of home loan.
I just saw AllLife is offering a whole life insurance...
Truth is I have a crush on Miss Nicolette Mashile.😢😥 😔 😟
Thanks you
Leaders eat last
Be your own bank by holding bitcoin and monero, :)
You do need to measure yourself against other competitors. Hear what you saying though
Speak to us soon!
i am glad to be the first viewer. thank you Nicole. i hope to be your first reader
Ave uqinile shame. Unayo le va va vuh. Umdlandla wakho ngiwuzwa nisho ngibuka video.
There's really something there shame nam Amma goggle
So this on TicTok and wanted to research it too.
Sounds more like sanlam indie wealth bonus... Nicolette please check your Gmail account when you have time
Could you consider also having a chapter about how to handle property as a business. Like all the things involved with that, tax, how to pay yourself all the work nje. Thank you
This would be beneficial ......Really struggling with running property as a business
Yes for sure it would be much appreciated ...
Very much!!!
Mashilo, I am also following infinite banking concept from US wealth creation advisers and asked the same question from my insurance broker: i.e. whether you can borrow money from your life insurance to invest, in say property, and I was told that it was not allowed in South Africa. Perhaps you can be an activist to make ensure that this product is available to ordinary citizens in South Africa. Apparently, there is a provision for this for South African billionaires.