3 Ways To Utilize Your Infinite Banking Policy
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- Опубликовано: 29 сен 2024
- In this training I show you 3 ways to use your policy.
Way #1 Pay Down Credit Card Debt
Way #2 Buy a Car
Way #3 Supplement Your Retirement
#wealthhack
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Great video. Thank you. PS buy a Toyota, not an Audi 😂😂
How about the interest from the insurance loan?
The car dealers get smarter. They give zero interest. So have no idea how much interest I paid for the two cars.
Hi,
Is there any way this kind of policy can be used by EU citizen?
For some reason, wherever I ask... nobody knows this tool. None of the insurance companies understand that, all the bankers look at me as if I was crazy...
Help please. ;)
My father in law is an executive for an insurance company and didn’t understand this concept. He though WL was “too expensive” until I showed him my policy. IBC Global channel is good source
What does S.D 4 E stand for in a whole life policy?
you will not make a 'spread' on the policy loan. The quoted dividend on the policy will be reduced by the expenses incurred by the insurance company. IRR of the policy will be in the range of 2.5-4.5%
Depends on if the insurance company is a direct or non direct recognition company. Direct companies will adjust your dividend based on outstanding loans. The others don't and you earn the full dividend regardless of loans outstanding. That is where you can create a spread
At 36:00...figuring rate increases based on just 10k is wrong... you've put 10k/year in so each years increases need to be divided by the total deposited or at least the previous year ending total
You are wrong in that assumption. It shows you dont understand how we use these. The return I mentioned is Cash-on-cash, the return you are referring to is cumulative return. Each return is used for a different thing. Example: Cash on cash works best for the IBC concept I am teaching. It assumes that each year the money is moved out of the account therefore the only return that really matters is the return on that years premium since the prior years are assumed to have been sent to work making more money. Cumulative return assumes you just put money in and leave it which is OK if that is how you use the policy. That is NOT what I teach at all therefore that is NOT the right return to use.
Jason is correct. Makes me question all the math now.
So the 18gs is separate from the premium payment?
New to the idea and trying to wrap my head around everything. I do have a question though: As we move into the recession, and lending sources start to dry up, how does that change interest rates against the loan? Do the interest rates from the insurance companies against the WLP vary? Is there a better or worse time to utilize the IB strategy?
Great overview, Chris. I just started our family bank. Ps. What TV is that? I like that format to teach. Cheers.
Thank you, its the Samsung whiteboard
I think I'm too old (57) but can I insure my kids and manage the policies?
The good news is that you are not too old. As you get older the dollar buys less death benefit, but you can still access a large portion of the cash the way my team does the design. If you want to discuss options let us know. You can connect with my guy craig@themoneymultiplier.com for more info.
@@TheChrisNaugle I’m ready! Already scheduled my call.
@@TheChrisNaugleit would be nice if the WLp pays my mortgage then I' ll pay myself back!
Nice overview but in theory dont you want to pay less money per month after paying your debts off? Say your monthly obligation is $3K and we use IBC to pay that off with death bene loans, now we are paying $2K per month back to the policy. Net $1,000 for disposable.
We’ll explained
How do you find people searching for funding?
I want to know where to get the mutual whole life insurance policy or if I can sell them to people I know.
Ibc global
where would you recommend a place i can look in to starting a whole life
Ascendant Financial is who I'm looking into to help me. They are now in the states too
"You could steal a car" 🤷♂️
😭😂🤌
advise against it HAHA