Your savings can be taxed if you set your life insurance up incorrectly.
Simply put, when you deposit “too much” into a life insurance policy, you create a “Modified Endowment Contract” (MEC.)
So, what are the disadvantages of a MEC?… READ MORE
If you’re not using your money to make money, someone else is.
While you think your money is safe in the bank, they’re loaning it out — at interest.
This is how they make their real money. But, what if you were able to cut them out…
And become your own bank?… READ MORE
Banks are the biggest hypocrites.
They, and many financial gurus, like Dave Ramsey, convince you to amass a large fortune and then let it sit.
Yet banks do the complete opposite of what they tell you.… READ MORE
Do you ever sit and burn $20 bills?
If you don’t, you may as well, because right now the banks are legally taking 34.5% of your take home earnings in pure interest.
This interest isn’t to pay down your mortgage, your car loan, or your student debt.… READ MORE
How nice would an extra million dollars sound?
And imagine if you didn’t have to work harder, smarter, or even work at all to get it.
Well, this does exist!
But I don’t recommend you try doing it, because you’ll cop a whopping 20 year prison sentence.… READ MORE
Have you ever wondered why there’s a maximum withdrawal limit at the bank?
They’ll often tout it as “stopping criminals from laundering money.” But the reality is this: They don’t have much money in the actual bank!… READ MORE
You’ve heard about NASCAR champion driver Kyle Busch’s lawsuit over his Indexed Universal Life policies. And because his contract appears to have been written in an exceptionally bad way, you might think what happened to him is an isolated incident.… READ MORE
Paid-Up Additions (PUAs) aren’t complicated, but the way different insurance companies handle them can be. And if you don’t know how the company you plan to use does it, you could be in for a costly surprise.… READ MORE
Imagine you pass away and the beneficiary of your life insurance policy (or other product with a beneficiary) ends up going to the wrong person.
All because your life changed, and your beneficiary should have too, but you forgot to make the changes.… READ MORE
Getting started with Infinite Banking is exciting, but it can also make you nervous: Especially if you’re concerned about how to fund it. And many people are, because I’m often asked questions like “How much does it take to get started?” and “Do I need to have a lot of money up front?”
So today I’m here to help calm those nerves!… READ MORE
