He keeps talking about this insurance contract that pays 10% a year... Sounds too good to be true, and he sounds too good as a salesman so beware. The real safest is US govt treasuries averaging 4-5%, or a fund/etf that tracks the treasuries giving similar yields. You can sell anytime. You don't need some middleman insurance contracts. Yur brokerage auto pay you monthly from deposited cash.

Btw, It's not tax free. Sure you borrow $1m, but any net profits you make with that $1m will be taxed,

And here i am still believing you can't lie to yourself

So how do you do this from Australia as our life insurance doesn't work that way.

Smart move...Dave Ramsey books

I live in Australia, would I be able to contact your company and you guys can help me, is this open to foreign investors

Good morning sir I am Thabiso from South Africa I love your videos and I am following you. Can you please help me to grow my money. Where can I put my money meaning insurance company that can grow my 100% as you said. Thanks for your videos is second video but I am learning and I am very happy

Great author 😂

What about the fact that banks trick us by taking the full amount of our loan out of our Strawman account, then trick us with wording of the contracts, "promissory notes," then have the nerve to commit fraud on us by charging monthly payments. Then, foreclose on our house if we fall behind. Bring on NESARA, and Constitutional law ❣️❣️

I didnt understand none of this 😂

Pretax money is deducted at the marginal rate. Taxes during withdrawal are taxed at the average rate. You can also move to reduce tax rates during withdrawal. There's no way to know the right option until you run the numbers!

You either need an annuity or a life insurance policy. Indexed growth, tax free retirement and best growth options, that’s just the life insurance though

Ridiculous music in the background. So inappropriate. Had to go off.

What they. don't tell you is how much the guy has invested in his insurance account (payments) to borrow against. OR is he borrowing against the amount of his life insurance policy and say that it is a 5 million dollar policy and he wants to borrow a million?

I hate that person!!!

I hate you, definitely

seriously, Jason could do so much more if he was not focus on the money aspect...

❤ !

This insurance (bank account) scam is all over the internet. Just generating huge commissions from the insurance companies for the promoters. Don't fall for it, use your money wisely, invest in quality stocks (not speculative), REIT's, AI driven Forex accounts (not human driven) and perhaps a little bit of P2P lending (on a reputable platform). That's it, that's all you need to do.

Thank you

Said a lot and nothing at the same time. BS artist...

No one tells how long you have to have the policy before you can borrow from it

The biggest pyramid scheme ever

now how do you start

Robert Kiyosaki is in error. Higher education and an earned college degree are assets.

Banks are now paying 5 to 5.5% on CDs minimum balance varies from $1k to $25k and up

Thanks for the video. List what insurance instrument exactly and from which company are you referring in your example that pays 10% dividends on the principal while only charging 5% when you borrow. ie, my principal is $500,000. I borrow $300K against it, which index plus margin are insurance companies using to charge interest on the borrowed funds? I have to see actual numbers you provide to support your thesis.

Why the f. .. did you put such loud music at the end? almost got a heart attack!

What are are talking about here? Buying cash value life insurance? Or buying life insurance company stock?

One person needs to say"literally" multiple times. One person just says the point.

Sooooo how do one go about putting money into these INSURANCE INSTRUMENTS paying 5% tax free????? Where do I start?? You bragged about how banks does it but doesn’t offer links or institutions to go buy these…!! WTF??

Do you know if this concept it’s been used in Switzerland?

Don't do infinite banking with a policy cash value. The problem with policy cash value is that, although you paid dearly for it, it doesn't belong to you. You don't get to keep it. The insurance company uses it to offset their costs when they pay the death benefit. There is an alternative secret strategy that allows you to truly take control of every aspect of the banking process. You can control how the capital is invested, how much to take as a "loan" (even up to 100%), how to repay the loans (even never), and how much interest to pay on loans (even 0%). The secret that your parents, much less whole life insurance salesmen, never told you is that instead of paying dearly to the insurance company to create the capital you use (a cash value in that case) you can fund your own savings or investment account and use that as your capital. Here is how and why I practice infinite banking with my own savings account at a high yield online bank: My bank (Ally) did not need a salesman to sell me my account. My bank, where I "store" my cash, does not charge any commissions. I "broke even" on day one, not year 7. My bank has no fees to sap the effective interest rate - currently 4.25%. At my bank, if I want some of my money I just request it and they give it to me. No fees. If they send me money from my account, there is no need to pay it back to my account, but I can if I want to - at 0% interest. If I don't pay it back, there are no compounding interest charges against my account. At my bank, if I want to close my account, they give me 100% of my funds. (No surrender fee.) At my bank, I earn taxable interest. That is because my account experiences real growth of money I can readily spend. At my bank, I will always have taxable interest income because I am able to pull out MORE than I put in. (The same could apply to cash value "infinite banks," but you're unlikely to ever pull out more than you put in.) At my bank, if I want a loan, I don't have to self fund it first or wait 20 years to build up a cash value. At my bank, loans are tax-free. (ALL loans everywhere are tax free!) At my bank, if I take out a loan, the maximum amount is not tied to some percentage of my savings account. At my bank, if I get a loan, my savings continue to earn interest unaffected by the loan. (WOW! Just like a cash value "infinite bank.") At my bank, if I die, the bank does not keep the funds in my account. My designated primary or secondary beneficiaries get ALL of it. (Ask your salesman what happens to your cash value.) My bank does not provide a death benefit. (OMG!) At my stage in life, I don't want or need one, and they don't make me pay for it either. (And if I did want life insurance, I'd buy a term policy.)

A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

Truth is, increased losses for portfolios this year is triggered by skyrocketing inflation, major interest rate hike by Fed, and rising treasury rates. With barely 5 years to retirement, my concern is how to profit from today's market and economy, I'm open to investing ideas.

The failure of banks in addition to global economic crisis has left the markets in shreds. I'm at a crossroads deciding whether to hold on cash or put money in the stock market, and it's uneasy for me to not panic after a recent awful divorce, my goal is to retire with $3m

🔥🔥🤲🙏👏👏🙌🙌 thank you

Getting a head start by beginning to invest early is the most effective way to build wealth, with investment taking precedence. I've learned from last year's experience that starting early allowed me to create a better life through early investments this time around.

I got 2 grand in my bank account… Can someone explain this whole thing to me in really dumb terms?

Surprised there is no comments except mine on here.

Yea but you have to build up the cash portion. So how long will that take? You want a 200,000 first you have to build up the cash value to 200,000? I goto a bank and zi only put down 20 percent then I cash flow the rest every month. He is taking as if you have the wealth to being with…really man. 😮

What is this 'insurance contract' that Douglas talks about?

5 times more or 500% more is not the same. 500% is 6 times more

Give 70% of your money to a life insurance company, keep 30% and invest that, then use that 30% as your bank. It’s a huge scam.

This guy has no idea how banks actually work. Banks don't take my deposit and lend it to another and make interest on it. That is silly. The bank lending you my deposit without my permission is illegal and it is called theft. Banks make money out of thin air. Your contract for a loan/credit is what finances your own debt. Once signed, a contract becomes promissory note which is under banking laws is treated as good as cash. They make an entry in their ledger for the amount of the contract and then lend it to you. Simply a credit swab ... They not only collect the amount you now owe plus interest back from you, but they sell the security (contract) in the international securities market. In addition, they would buy an insurance against the debt (betting against you) in hope you would default on the loan/credit (notice if you are current on your loan/credit, they lure you deeper into debt with an increase of limit). If you default on your debt for 90 days, the insurance kicks in, and they collect the amount again. Then they sell the debt you owe to a collection agency for a another cherry on the pie. Under separate note, the Federal Reserve is neither a federal agency nor does it have reserves. It is a private entity with share holders, and "governors", it is just named that way to deceive... If such a private entity can have all this power, then we the people are private too, and should be able to be private bankers as well. No one is above the law...

at 11:00 , can someone describe the steps to do what he's saying about 'tax free' 'family bank' ?

😢

How do y’all know that LIL JAY!!!’??? It’s not like this video is in 4K.

knowledge X experience = wisdom

This is a complete misrepresentation of the function of banks in our modern economic system. Loan production is in fact the only method of money creation in a FIAT currency system.