What was the point of this?

Well you are just Great at everything

This is a file format converter from jpg to "TC-pdf friendly" using OCR. The "TC-pdf friendly" doc can to be used for cut-past into the "TC calculator" Thanks!

Terrific

Nice calculator. My question would be what happens when you do all of that and increase expenses? From my understanding there's no true return from whole life. The increase in cash value comes from your input. So if thats the case cash value is nothing more than a savings account. Part of that premium goes to the insurance company which is a monthly expense. In that same scenario with a perfectly planned whole life policy that would be used for "infinite " banking what would the expense percentage be? How would it effect the overall cash flow compared to someone who just used multiple free savings accounts to store the money

My favorite genius, I hope everyone stop what they are doing and listen to him. Follow him on social media. Your life will transform!!! I mean it!!

Hello Todd, I enjoy watching your videos and educating my KZbin viewers on your content. I am a new life agent and I am learning the illustrations by watching your videos and BetterWealth 's also. If you can give me any help in obtaining the software for the illustrations with a tutorial of how to use it that would be great.

What exactly is ‘currence’? Is it simply limiting spending increases to below the rate of inflation?

"PromoSM" ❤️

Financial maths is essentially just physics for money

I don't follow the point of this video? The example shows the hypothetical RE investor halving his income and total gain, but he get's a higher rate of return, and somehow this is still a good thing? Isn't this directly contradicting the second video in this series that makes the case that a higher rate or return on a small portion of our savings isn't what we should focus on? Why would he take a 200% rate of return on the 40K at a cost of 50% his total gain? To further the point: why not also finance the 5K in loan cost? Then the total cost is 0 and you have an infinite ROR....but you'll still have less cash flow and gain throughout...

Not if you have the option to make a better investment. When chasing losses you always have to consider the potential opportunity cost that comes with it.

Why is it that financial planners have never heard of this thing called social security? When we start social security in a couple years we will receive about 70k in today’s dollars. Even though we make over 200k, the 70k alone will cover our expenses.

Very eye opening analysis and makes you realize how fragile a nest-egg approach to retirement planning can be. Focusing on cash flowing assets, collateralization, and leverage are just a few better ways to perpetuate and multiply wealth into retirement, but for someone who isn’t interested in that path, continuing to provide value to others through “semi-retirement” could help solve for some of the gaps in this person’s plan. Great stuff!!

Another brilliant video.

Nice detail!

shouldn't it be better to put 10K per year into the Life Insurance and then gradually increase the contributions by 10%+ every year till you can put at least 90% of the income into the Life Policy and then take a loan against the policy to invest into the Stock market ( mostly dividend paying stocks) shouldn't the numbers be dramatically better? I would like to use these types of calculators but I am not a agent and I don't sell insurance I am just trying to run the numbers to find the best mix to maximize my returns and also set my self and my family to F.I.R.E.

Love it! Amazing foundational asset. I call it the BASF of personal finance. It's not the investment you make, it simply makes your investments better!

Banks never loan from deposits, ever. All bank loans are generated as a deposit liability, which the borrower signs a contract agreeing to pay.

Why did SVB get into trouble because they parked "deposits" into long term instruments? Because banks do not "lend" "deposits." In fact banks, by law, do not take deposits nor do they make loans! Banks are in the business of buying securities. When you go to the bank and sign the loan contract you have created a security, a debt instrument, secured by the collateral put forth in the contract. The bank puts the contract on its ledger as an asset and on the debit side, it will type in the amount owed to you as an accounts payable liability, which they will call a customer deposit! The amount that the bank owes you is typed in out of thin air! Of course the money is cleared at the FED. Only banks can do this because of the banking license. You and I cannot hook into the FED banking system. Banks are not limited in lending by deposits.

So no considerations for taxes or Distributions? What is it that gets you 12% /yr. Over what time frame?

The guarantees in whole life trump any other asset.... Cash value guarantee Death benefit guarantee Living benefits guarantee (with right co) No other financial tool does this! Awesome, Todd!

This is the importance of having a whole life policy with a participating company. You share in the profitability of the company. With an IUL, you are a profit center for the company. HUGE difference

Okay but how do you cut your debt servicing to 18%? That’s a massive jump without an explanation for how to do something like that realistically. Understanding that it’s meant to illustrate the point that spending less by cutting debt costs makes you better off in the long run, you don’t comment on what the solution is. Is the solution to not have debt in the first place? To pay cash for everything up front? Or is it to finance expenses and pay the minimum debt carrying costs (ie interest payments only, or amortize loans over 30 year period (or longer))? I suspect the answer is to finance everything and with the money you’re not spending on paying down the debt (ie just servicing debt interest payments, which is just simple interest) on investments, then you’ll compound on the side while paying a flat line interest fee carrying cost

As a finance and accounting major, I learned this in college. However it is not accurate today. This concept was used before the modern banking system almost 100 years ago.. today is much different with the federal reserve.

Incredible!!

Absolutely beautiful. ..

Great example. Do you have any calculators that compare simple interest to compound interest over time?

Banks don't lend money.definitely not depositors money. Read modern money mechanics. Its in the law.This guy is a dope.

If all else equal, is the uninterrupted capital growth the most unique feature of a dividend paying whole life policy?

Car loans do not positively impact capital growth? If you pay above standard interest, which seems to be the IBC practice , the "extra interest " goes toward buying PUAs - basically a 1:1 CV increase, like equity increases in a property with each additional principal payment. The buying cars example continues to be used for some reason to illustrate policy loan mechanics but I don't understand why. Cost vs expense is one of the better descriptions of what's happening. When you assign a positive numerical value to opportunity cost so the calculations can work, it's strange. Why not stick to simple vs compound interest formulas & how TVM principles dictate how future monies are arrived at.

How does this compare to the low interest rates we are at in 2021?

lol .96

Very well demonstrated and easy to understand, thank you.

Thanks for letting us in to your world and projects.

Where can I get that calculator format he is using as I’m not getting how he’s getting those percentage amounts