I hear a lot of ppl trashing banks as a place to keep your money, and I just want to tell y'all that you should not believe everything you hear. Banks are perfectly fine place to store SOME of your money; at least 5-10K in my opinion. We all need to be able to access cash fast at times- thats what the bank is for. Not to mention that banks ensure your money up to 250K.. I can't say the same about a lot of these sketchy places some of y'all be putting your money. 15:00
Interesting position. So I challenge you to think about this thought. Where do you think Millionaires and billionaires keep their money. Do you think they keep them in Banks past $250,000. No they do not. If you want to be rich copy will rich people do. If you want to be bored do what poor people do. Rich people do NOT keep their money in Banks past FDIC limits. Banks were created for transactional purposes on. Not store houses of money. Between inflation and the bank's actually lending out your money the moment you put it in there should be a key factor in informing you that after the FDIC limits you should definitely not keep your money in the bank. This is what we are teaching. We're teaching Next Level stuff here not the normal run of the mill everybody to keep your money in the bank like everyone else is doing.
@@BellaSloanEnterprises I read your comment and you make some good point, but the point that I was making was that no where in this video did you mention the $250,000 FDIC coverage for a person's money - I did. That is VERY important for ppl to know, otherwise you'll have dudes with $9,000 to their name (and prob more than that amount in debt) talking about banks are trash lol I wasn't saying that ppl should keep ALL of their money in a bank. I'm saying ppl need to understand that banks have value, and ppl should leverage it for what its worth. Banks are in fact used for more than just transactions. Your bank is a GREAT place to store any amount of money that you may need to access at a moments notice (ie. emergency savings, liquid assets). Most ppl will agree that everyone should have at least $5,000 in emergency savings, but regardless of the amount, the point is that it's perfectly fine to have some amount of money stored in your bank account. Agreed, OF COURSE millionaires and billionaires don't keep their fortune in a bank. Even if they max out the amount thats insured in a bank ($250,000) they still have at least triple that amount somewhere else in investment vehicles. However, millionaires and billionaires do certain things because the rule applies to them. I hope we both can agree that there are things that those who are not a millionaire (or billionaire) doesn't need to do because the same rule does not apply to them and their situation. So to anyone reading this, def DO NOT keep more than amount insured ($250,000) in a checking account. But please know that your checking and savings account at your bank has a purpose, has value, and should be used up until a certain amount( which is ultimately determined by your specific financial situation).
Haha it’s crazy that my name is DeAndre and I’m a licensed professional as well.. So 🗣️SHOUT OUT TO ALL THE “ANDRES” in the comments! We going to do it big this year 💪🏾
How long after contributing to this policy can you borrow against? Considering the average policy is about $100 a month? Does the money have to be re-paid?
What about the interest and fees that one is charged for not paying it back. Thanks for saying the death benefit would be reduced by the amount of the loan.
You just have to rewatch the whole thing because you really didn’t comprehend it and I’m not trying to throw shade in any type of way. Put money into the cash value account. It accumulates a certain amount of interest, when you borrow against it (key word against it) it’s like you didn’t take the money out and it continues to grow interest on whatever it is. For example, you have $20,000 in the cash value account and you borrow 80 to 85% against it, it will act is if nothing came out and it continues to grow on the whole $20,000 plus whatever you continue to put in it. On the contrary, Brother, if you just invest the whole thing, that money is gone and it only can do what you can do from the investment but if you borrowed the money from the cash value account, the money continues to grow. Plus you can pay it back and reuse it time and time again, and it continues to grow bigger and bigger. Watch the video again And Take notes. 🫡 1❤
![Eminem - Like My Shit [Official Audio]](http://i.ytimg.com/vi/vx_IMvFkrfA/mqdefault.jpg)
As an Agent who does this every day...this is 💯💯. I LOVE MY IMO - FEG❤
This was straight fire 🔥 Herm!!!!
FACT! 🤌🏾🤌🏾
Executive Bonus is another name for the business policy . We at FEG specialize in setting these up for business owners.
Much appreciation 😢😢😢😢
Audio bad on this one but good content
I need in bro! Like right bro! Please Andre!!
I need the juice! Bro!
Center! However you spell it, that's what I want
Sound quality is very bad, couldn’t understand lots of important parts 😢
Yo. Yo. Yo. 🎉
Which companies are the ones that give you access in 30 days or so?
I hear a lot of ppl trashing banks as a place to keep your money, and I just want to tell y'all that you should not believe everything you hear. Banks are perfectly fine place to store SOME of your money; at least 5-10K in my opinion. We all need to be able to access cash fast at times- thats what the bank is for. Not to mention that banks ensure your money up to 250K.. I can't say the same about a lot of these sketchy places some of y'all be putting your money. 15:00
Interesting position. So I challenge you to think about this thought. Where do you think Millionaires and billionaires keep their money. Do you think they keep them in Banks past $250,000. No they do not. If you want to be rich copy will rich people do. If you want to be bored do what poor people do. Rich people do NOT keep their money in Banks past FDIC limits. Banks were created for transactional purposes on. Not store houses of money. Between inflation and the bank's actually lending out your money the moment you put it in there should be a key factor in informing you that after the FDIC limits you should definitely not keep your money in the bank. This is what we are teaching. We're teaching Next Level stuff here not the normal run of the mill everybody to keep your money in the bank like everyone else is doing.
@@BellaSloanEnterprises I read your comment and you make some good point, but the point that I was making was that no where in this video did you mention the $250,000 FDIC coverage for a person's money - I did. That is VERY important for ppl to know, otherwise you'll have dudes with $9,000 to their name (and prob more than that amount in debt) talking about banks are trash lol I wasn't saying that ppl should keep ALL of their money in a bank. I'm saying ppl need to understand that banks have value, and ppl should leverage it for what its worth. Banks are in fact used for more than just transactions. Your bank is a GREAT place to store any amount of money that you may need to access at a moments notice (ie. emergency savings, liquid assets). Most ppl will agree that everyone should have at least $5,000 in emergency savings, but regardless of the amount, the point is that it's perfectly fine to have some amount of money stored in your bank account.
Agreed, OF COURSE millionaires and billionaires don't keep their fortune in a bank. Even if they max out the amount thats insured in a bank ($250,000) they still have at least triple that amount somewhere else in investment vehicles. However, millionaires and billionaires do certain things because the rule applies to them. I hope we both can agree that there are things that those who are not a millionaire (or billionaire) doesn't need to do because the same rule does not apply to them and their situation.
So to anyone reading this, def DO NOT keep more than amount insured ($250,000) in a checking account. But please know that your checking and savings account at your bank has a purpose, has value, and should be used up until a certain amount( which is ultimately determined by your specific financial situation).
Menty!!!
www.bellasloanacademy.com/
Mentee🎉
www.bellasloanacademy.com/
Vip
enroll.bellasloanllc.com/execute
Mentee🍇
Mentee
Mentee
Haha it’s crazy that my name is DeAndre and I’m a licensed professional as well.. So 🗣️SHOUT OUT TO ALL THE “ANDRES” in the comments! We going to do it big this year 💪🏾
How long after contributing to this policy can you borrow against? Considering the average policy is about $100 a month? Does the money have to be re-paid?
What about the interest and fees that one is charged for not paying it back. Thanks for saying the death benefit would be reduced by the amount of the loan.
Why would you need to borrow $ from myself? If it's my $ I don't need to borrow it.
FIX THE VOLUME BRO
Mentee
www.bellasloanacademy.com/
YFB
Mentee
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Iul
why on earth would i want 80-85% of my money? why not invest the whole thing
You just have to rewatch the whole thing because you really didn’t comprehend it and I’m not trying to throw shade in any type of way.
Put money into the cash value account. It accumulates a certain amount of interest, when you borrow against it (key word against it) it’s like you didn’t take the money out and it continues to grow interest on whatever it is.
For example, you have $20,000 in the cash value account and you borrow 80 to 85% against it, it will act is if nothing came out and it continues to grow on the whole $20,000 plus whatever you continue to put in it.
On the contrary, Brother, if you just invest the whole thing, that money is gone and it only can do what you can do from the investment but if you borrowed the money from the cash value account, the money continues to grow. Plus you can pay it back and reuse it time and time again, and it continues to grow bigger and bigger. Watch the video again And Take notes. 🫡 1❤
Menti
www.bellasloanacademy.com/
Executive Bonus is another name for the business policy . We at FEG specialize in setting these up for business owners.
Mentee
www.bellasloanacademy.com/
Executive Bonus is another name for the business policy . We at FEG specialize in setting these up for business owners.
Mentee
www.bellasloanacademy.com/
Mentee
www.bellasloanacademy.com/
Mentee
www.bellasloanacademy.com/
Mentee
www.bellasloanacademy.com/
Mentee
www.bellasloanacademy.com/
Mentee
www.bellasloanacademy.com/
Mentee
www.bellasloanacademy.com/
Mentee
www.bellasloanacademy.com/
Mentee
www.bellasloanacademy.com/
Mentee
www.bellasloanacademy.com/
Mentee
www.bellasloanacademy.com/
@@BellaSloanEnterprises I actually just joined the first call yesterday 💯
@@briann9336 WELCOME!!!!!!!!!!