How Do You Become Your Own Bank? (Douglas Andrew)

[@coastalbeer]

Talk about beating around the financial bush. I listened to this three times and have no idea to do what he describes! He was clear...as mud!

[@YFolermira]

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.

[@AlexanderDanielley]

I'm intrigued by the idea of investing with an analyst, it seems like a wise choice in today's market. Could you provide me with some guidance on how to get in touch with her?

[@VickyAlvy]

Good, what's the process for getting in touch with your guide....

[@michaelgant6280]

Great

[@cassiejacobs4197]

"if you don't find a way to make money while you sleep you will have to work hard until you old".

[@kelvinpeter8640]

Assets that can make you rich Bitcoin Stocks Real estate

[@gregsmith9258]

​@alicemark5918It's not ignorance but due to some unprofessional broker in the market

[@kelvinharry6095]

Crypt0 is the most profitable investment online of only you trade with the help of a professional expert

[@markaustin5229]

I wish I knew about this Bitcoin trading earlier, brace up and get yourself some Bitcoin before it's too late

[@josephfrys6969]

​@@markaustin5229I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this

[@kemsatofficial]

I feel like this guy owes +70% of his success to his voice.

[@raw-earth-exploits]

The Title of this clip is: Be your own Bank. After understanding where the banks put their money, “Insurance Companies”. I want to know how to become my own Insurance Company???

[@CanTho2022]

EXACTLY MY COMMENT! How do retail investors like us go buy these INSURANCE INSTRUMENTS???!!

[@roythurston7799]

Listened to this a few Times & some of this stuff still went over my head . Gotta listen again

[@logmeindangit]

Nah, he's a used car salesman, essentially. He sells insurance. Notice he never talked about the payments, the *cost* of the policy. He or another like him is making money off the sale of the policy. That is why he only talks about how juicy it is, not the things that you might *not* like.

[@mevio4665]

same here. that's why I'm reading the comments

[@sonya23453]

Same here.

[@josephking6944]

@@logmeindangitSo is the insurance company he’s talking about that he can “borrow from “ he’s own business?

[@LoveNature23-h5w]

Its not just how much you earn, its all about how much you know to save & invest and also know the smart way to spend the money. I save and invest 70% of my income in mutual funds, stocks and FD (as emergency deposit). F**k housing realestate as it is just a bubble but commercial real estate is a smart investment

[@Riggsnic_co]

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.

[@Mohaimam316]

These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones.

[@maga_zineng7810]

Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. Personally, I've been working with a financial advisor for about a year now. Starting with less than $200K and I'm now just $19,000 away from making half a million in profit.

[@usieey]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same. Is there any chance you could recommend who you work with?

[@maga_zineng7810]

my advisor is ‘’ Natalie Lynn Fisk ’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@usieey]

I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks

[@marlene_orja]

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

[@M.Morgan]

investments are subjected to risk, you need a well qualified advisor if you choose to invest wisely. sorry to hear about your divorce

[@JamesWillock]

Very correct, the role of advisors can only be overlooked but not denied, I remember some years back amidst covid outbreak, I needed alternative streams of income except salary, thus researched for advisors and thankfully found someone remarkable. I've been able to rake in nearly $800k after subsequent investments to date.

[@LaurenGilmor]

@@JamesWillock sounds good, mind sharing info of your invt-advisor please? been seeking assistance with where to put my money since the collapse of banks, sometimes we fail to realize how helpful an extra source of income can be until crisis

[@JamesWillock]

Can't divulge much, Katherine Nance Dietz is the advisor behind my portfolio success. She’s well grounded with decades of experience in the market, and extensive knowledge of asset allocation. . I recommend researching her further on the web.

[@generosityliveson]

I find these comments insightful... curiously inputted ''Katherine Nance Dietz'' on my browser, surprisingly came across her consulting page and skimmed through her credentials, she seems highly intelligent, thanks for sharing!

[@LisaApril]

What kind of insurance account are the banks using? That was not answered as far as I could tell. The guy who borrowed $1 million from his insurance account, what kind of insurance account was that? People who talk about this stuff but don't give specifics makes me suspicious. Or am I supposed to buy his book to find out?

[@logmeindangit]

You are supposed to buy his book, his Kool-Aid, drink deeply, and ignore the details. 1. What is the cost of the policy? (The premium - insurance is not simply a savings account. A policy has a cost. He doesn't mention that, now, does he? This guy is as trustworthy as his hair color. Yeah, NO person his age has all black hair like that. Is he fake below the roots? If it sounds TGTBT, it probably is. Several people I know save up their money by living well below their means, and they buy rental houses, college towns, annual leases, and the student renters pay an amount that is more than the mortgage and cost of repairs. It may not be much at first, but over time, rent prices go up while the mortgage stays the same. Plus, only the down payment was the owner's piece in order to get ownership of all the increase in value over the years. Stocks and funds, you have to pay 100% of the price. Real estate, a small fraction. Say you put 10% down on a house, put that much more into fixing it up, then rent it out. If the house goes up 10% in value, your cash invested has increased 5x that, since you only spent 20% of the price of the house. 10% down, 10% for paint, plumbing, roof or whatever. It takes work to manage a rental, but once you get a first rental figured out, simplifying the tenant turnover every year and the maintenance of the house, (which should only take a few days between leasing groups for painting, cleaning, small repairs) then you can save up and do it again. And again. One couple I know owned eleven rental houses all in one college town. She took care of the lease agreement, scheduled cleaning and repairs (hired cleaners, did the painting herself,) and if repairs or remodeling was needed, he handled that stuff, doing it himself or hiring it done. They worked as a team. Now retired, that couple has a nice waterfront home on saltwater, a few condos in Mexico for winter living, and a nice small yacht and a few other boats. It works. Another person I know has 5 houses, all genersting positive cash flow. They created an LLC for the investments, and keeps it all organized. They travel, too, the houses throwing off that much money. The morgages will all be paid off by the time they retire, so the income will no longer have to pay a mortgate on each house. About 90% of the income from rent payments will be profit. Do some math on "what if" examples, and you'll see that it really can work. Stay away from men who dye their hair. I suspect there's more that is fake about them than just their hair color. This guy is an insurance salesman. He is not your friend.

[@frankojukwu7642]

It's a universal life insurance policy. To be honest to have that much cash value your monthly premium will be a couple of grands a month since age 20 assuming you are in your late 50s. Borrow against your cash value is no new secret, however it is for the super wealthy.

[@Republic1usa]

​@@frankojukwu7642o

[@a1jones]

​@frankojukwu7642 so someone with say 50k in cash can't do this ?

[@junglegeo7962]

@logmeindangit Start your own channel and probably get more views lol.

[@janshuster1426]

How to ne your own bank ? 1) put money in a bank 2) when you want to buy something, take it out, then pay it back with as much interest as you want. Or 3) Invest the money in the stock market, when you want to buy something borrow on margin ideally from Interactive Brokers which has the lowest margin rates.

[@lolwtnick4362]

lol 6.5%? yeah my bank does 3.1% borrowing and no fees

[@jmackinjersey1]

This is pretty much a super simplified version, but it gets the main point across that we are not taught the basics of finances in school any longer. However, keep in mind that it is not as simple as opening a life insurance plan. It has to be a specific type of insurance plan, and you must set it up so that you can borrow against it and the tax portion must also be set up properly in order to be able to not only borrow, but earn the interest in a way that you are not over taxed, or even taxed at all. It is also wise to set this up so that it can become generational wealth and those younger generations will not be taxed or levied fines and penalties upon your passing.

[@benjaminjones3043]

What’s the U.K. equivalent?

[@Vasudeva108.]

Have u done it?

[@danny_5283]

@jmackinjersey1 is this possible to do in Canada?

[@Vasudeva108.]

@@danny_5283 don’t even think about it. Send that money to me if u really want to throw your money away. If it sounds too good to be true it probably is. Just another insurance scam. The agent will get rich u will be forking big money over to them.

[@TotojeffWalwal]

Im ready sir...

[@chriswall618]

velocity banking

[@shermanvolkman3280]

Money Changers.

[@KoOLKiddo313]

Someone please help me. What was the third thing he said with regards to what you can do with money? Thanks

[@blueskys6639]

If the insurance company goes under your money goes under also and your money is not FDIC or NCUA insured thru them. The banks at least ensure your money up to 250K per bank for the investor or non investor. For a non gambler your safest bet is putting your money in a high-yield interest CD with a bank or Credit Union.

[@mnotlyon]

If the interest they're paying you is not more than inflation, your money is not safe.

[@dwa3210]

Yeah but even that’s not guaranteed. You ever heard of Silicon Valley Bank?! FDIC is not as secure as we’d like to think.

[@petereinert7581]

Keep your money in brokerage. SIPC insurance covers $500,000.

[@rileyyandell3505]

I’d take AAA rated insurance company backed by sipc any day over a BBB rated fdic insured bank. I have about 20% of my net worth tied up in Whole life contracts

[@lolwtnick4362]

​@@mnotlyonweird. because i broke even last year being in cash...while everyone else lost 30% of their retirement during covid

[@philipstevens730]

Is there a way to do this in the UK?

[@perkinsw.herscheljulesjean4626]

I'm starting to understand you just earned a follower I was looking at other videos an they where talking about a lot of Bla bla I could not understand But you kept it light , simple , clear Thanks a lot

[@matthewdupree3573]

This is a scam, save yourself the trouble. Honestly, these are salesman.

[@masontreece5405]

@@matthewdupree3573 could you elaborate on this? They were only talking about the good things. I did not hear a single drawback, but everything in this world comes with a price. Can you go deeper on what you mean?

[@kungfoochicken08]

@@masontreece5405The whole thing is a scam. The only scenario where it makes any sense is if you’re an elderly business owner trying to spare your heirs inheritance tax. The average whole life customer pays in for 6 years before canceling their policy. You need to pay into the policy for 8-9 years before you break even on the cash value. That’s not including the inflation that’s eaten into your money in 8-9 years or the lost returns you would have received if you invested it elsewhere. It’s a scam. If there was real value here, they wouldn’t need to use ridiculous marketing idea to sell it. “Become your own bank.” “Infinite money glitch.” It’s all bullshit. It’s being pushed hard because the commissions are so damn juicy on these policies. The person selling the policy to you is typically paid 40-60% of all the premiums you pay the first year.

[@mnotlyon]

@@masontreece5405 For starters, they didn't mention fractional reserves at all. You can't be a "banking expert" without understanding fractional reserves. There is no gimmick that will make you rich.

[@nyquil762]

He forgot to talk about the cost of the insurance products. The commissions are huge for the agents.😮

[@JshockSubmariner735]

I have been reading your book, well listening to the audio book really. I was hoping you could recommend someone that can help me with setting this up for my family?

[@arturasstatkus8613]

Thank You,Sir.

[@charleskaren3948]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[@stephenieGibbins]

Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.

[@pierrelouis6841]

Her success story is everywhere. I keep on hearing expert Mrs Kimberly's name being mentioned here and other platforms, Does she really worth the credits and reviews?

[@pierrelouis6841]

Do you happen to know her contact info and /or willing to pass on her info? I'd really appreciate it.

[@guillaumeclement2363]

She's awesome she has managed my investment so well and my weekly returns are mind blowing.

[@lastofthebest5102]

Uh, not when said information to be successful has been deliberately kept from through the taxpayers through omission, context distortion, confusion, obscurantism or any other means of restricting such info to the masses. Drivers ed is affordable and reasonably timed for most people and explains in great detail for even the most intellectually challenged and is easy to comprehend and obtain...why isnt banking and its concepts the same whereby you are walked through each step? Why must you be of a certain family of financial status to even be accepted into said banking schools? Its not as if its some great secret anymore, they openly admit that they reject would be students of a great many backgrounds for reasons that are reprehensible and clearly elitist. Colleges do it all the time and you people dont even bat an eye at the inclusionism ( which clearly destroys your point and proves mine). None of this even mentions the media psychological games where you are constantly reminded that a bank is ONLY a large institution and not made of individuals. Its a conglomeration of people all working for a for profit business and nothing but. Name any movie/tv show/radio program/ newspaper article prior to the internet whereby the hero shows how he is a independent banker that is really successful who goes through the steps in detail to make money or even divulges an inkling of how to do so for yourself? Leave out the book pushers like this channel as their motivation is mostly profit and not necessarily the good of those who have been deliberately lied to. Go ahead Ill wait.

[@Fernando-ss1jk]

Investments are a means of providing funds for the generation of future income or profit. Investing allows individuals to set aside money while they go about their day-to-day business, let the funds work for them, and earn income for their future work. It is important to invest wisely, make informed decisions, and carefully weigh the potential risks and rewards associated with each investment opportunity. That's why I work with Sherman Williams Trading because he has profitable strategies

[@kk_G2]

Sherman Williams Trading is really something else, its strategies and its seriousness brought him so much. This isn't the first time I've seen evidence of his good deeds and I'm sure it won't be the last. For these good people, we owe them our prayers and our support.

[@H_lucas]

< On a scale of 1 to 10 I would give Sherman Williams Trading a 9 because no one is perfect when it comes to trading but when it comes to making profit... trust me, it will always work for you. It really amazes me how I went from an average life to earning $43,000 a week, all thanks to Sherman Williams Trading for making me incredible profits with his strategies.

[@sylvesterluke5543]

How can I join it? Can I find it on INSTAGRAM?

[@H_lucas]

< YES!!>👍👍

[@H_lucas]

< Shermwilli Trade

[@magckmn01]

Omg!! My mind just exploded with information for the future! Im definitely looking into this guy more!!

[@HappyUser-m3i]

As you should! Check the articles and court cases I provided on him.

[@EVNL576]

@@HappyUser-m3i. Can you link it here?

[@chris-ryan]

What type of insurance product / contract are they talking about here? I Would like to look into this further

[@baileymclean8186]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

[@glenbert1396]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

[@blaquopaque]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my port-folio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@gagnepaingilly]

@@blaquopaque Please who is the consultant that assist you with your invest-ment and if you don't mind, how do I get in touch with this person

[@blaquopaque]

@@gagnepaingilly My advisor is ‘’JILL MARIE CARROLL’’ she’s highly qualified and experienced in the finan-cial market. She has extensive knowledge of port-folio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@gagnepaingilly]

@@blaquopaque I just looked her up and sent her a mail. Thank you. Any idea if her service includes managing family portfolio?

[@ThedudeMMXlll]

Where can i wacch the whole interview?

[@animal.lover291]

Can you give more information please

[@toby43078]

Is there another video before this one??? I want to know what they are talking about because they just mention insurance but haven't said much in 10 minutes!!

[@Dominion-1]

(9:28) He reminds me of *"Rick Dicker"* from *The Incredibles 2* 😃

[@maxi-me]

@5:20 aaaannnd now we have the _product_ from wence the infomercial derived.......

[@BobbyShels]

Can anyone advise on how this translates to the UK? The logic of the what the banks do is the same but what is our equivalent of “insurance contracts” please? Thanks

[@metatronherbalmaster8834]

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

[@lordkered]

Video starts at 5:20

[@Ride_on54]

We can’t access this in Australia they stopped this

[@iammaximus614]

…. Tremendous, subscribed

[@srikumari8954]

Amazing stuff...but i couldn't take it all at one time...just goes above my head...i have subscribed though so that i can listen to more such concepts n finally get enlightened....

[@switchofftogettagrip1400]

Education plus !! Already added a subject to my potential future investment plans!

[@castroeladio]

I wouldn't mix insurance companies and investments.. just do what they are doing with your money and cut the crazy 1-2 percentage fee they charge you.. investment in low cost index funds and save hundreds of thousands on compounding structure fees

[@dwightk.schruteiii8454]

Did he ever release that book?

[@speeddemon002]

Yall ever heard of warren buffet? What he does with gieco?

[@shushantsinghal6052]

How to buy or invest in these insurance instruments?

[@ZeaunZarrieff]

This does not make you “…your own bank”. It makes your insurance company your bank.

[@CanTho2022]

EXACTLY MY COMMENT! How do retail investors like us go buy these INSURANCE INSTRUMENTS???!! Sounds like a scam by insurance companies

[@Rew123]

Correct. And you don't borrow your own money, you borrow against the cash value of your life insurance policy. This might be a decent option for somebody taking out small- to medium-sized loans serially, for whatever reason. I think even in that niche situation, there are better options.

[@SamSam-df8qd]

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

[@ThedudeMMXlll]

Where can we invest on thise insurance?

[@dressydress9726]

And from where does the insurance firm obtains the 10% annual return?

[@towncenter7602]

Currency created from nothing... the first 100 dollars had interest to he paid... that interest came from another person's debt. A debt ponzi is not money.... the debt can never be paid back....

[@christie140]

People who have died. Insurance companies get the debt back and only pay out what's in the contract.

[@timthomas1238]

how can I find out how to do this ? how much money do you need to get started ?

[@axarchie]

So how does someone get started in investing in insurance companies

[@oliviagreg5298]

Many people venture into crypto to be wealthy, meanwhile I just want to be debt free.

[@gregsmith9258]

You work for 40yrs to have $700k in your retirement, meanwhile some people are putting just $10K in crypto from just few months ago and now they are multimillionaires..

[@tobytaylor4051]

When you invest in crypto you are buying days you don't need to work

[@lincolnjack3198]

I'm new to bitcoin trading, how can I go about it or is there anyone you can refer?? 🙏🙏

[@billymark7125]

​@@lincolnjack3198I will personally introduce you to my account manager Anna S Wilson of UCLA Anderson financial Institute, her trading methods are working for me

[@billymark7125]

​@@lincolnjack3198Face book👇👇

[@igoodkid334]

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.

[@graceprotocol4842]

Im going to understand this one way or another

[@jackyanderson9330]

Brillant piece of advice. I love that.

[@beverlylooper3927]

You're a genius. I love you for sharing this!❤

[@saurabhkesharwani6143]

Please confirm, is his full name Douglas R. Andrew, as mentioned in books (or author of): 'Missed Fortune 101' and 'Millionaire By Thirty'? 🤔

[@tamalopo]

How. do I start? I want to loan my own money to others but how do I get started it.

[@tewanwilson]

I never thought about it that way. Those scoundrels 😂

[@carlkennedy7481]

This guy was born an insurance agent.. insurance products make the insurance cos rich. A very profitable business even more so than banking.

[@marvelcomiks8078]

I don't understand how he makes money from insurance.

[@darrenquinn2338]

Insurance products??? Can you elaborate please 🙏🏼

[@petereinert7581]

@@darrenquinn2338 Whole life policy or similar.

[@nyquil762]

He makes huge commissions selling insurance products.

[@LoveNature23-h5w]

Its not just how much you earn, its all about how much you know to save & invest and also know the smart way to spend the money. I save and invest 70% of my income in mutual funds, stocks and FD (as emergency deposit). F**k housing realestate as it is just a bubble but commercial real estate is a smart investment

[@steveshuffle]

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

[@webyankee6558]

Did you forget about Fractional-reserve banking (Take in 1, lend out 10)?

[@raymondcaylor6292]

Where are you going to get the money to build the house ?

[@xXWizardGamingXx]

What are these AAA insurance investments called and where can I start?

[@stun1zng267]

knowledge X experience = wisdom

[@TheLastSongbird124]

Where does the insurance company keep its money?

[@pinto633]

Interesting knowledge gain thank you 😊 🙏

[@pwu8194]

The Chinese government issued debt at a negative interest rate for the first time on Wednesday in a bond sale that attracted significant investor interest, according to Deutsche Bank, (DB) one of the banks that helped arrange the transaction. Nov 19, 2020 People put money in banks because they don't want to lose it to thieves or robbers. The interest was just an added bonus. Even if banks pay no interest, people will still put money in banks for safe keeping. Good investors can use that money to make good profit. Shylock could make a fortune from lending out that money. Average Joe just wants to keep it somewhere safe and uses it as needed.

[@RoussinSong]

...Average Joe.

[@SkatebardCA]

the banks are the robbers

[@biancarice789]

wow that was a great video!;) i hope i find the whole episode of this!!!

[@jeffcauhape6880]

Freaking brilliant.

[@ethan_ZA00]

Could someone please explain why the banks give 1% ROI, as mentioned in this video? Is the 1% after accounting for inflation. It seems unrealistically low. Thanks

[@FrederickRincon]

I don't get the insurrance loan stuff. In our country it simply does not exist.

[@notmeee7302]

I believe this is called, "Infinity Banking." Could be mistaken

[@gmork1090]

Infinite banking, yes. And ten to one you're gonna lose money on it.

[@vaughnallen3849]

3 dimensions of authentic wealth

[@hrdstyldncngisbst]

What's an insurance contract?

[@Brooke-i6m]

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

[@Nunya_Bidness_53]

There shouldn't be a "banking industry".A bank should be a place that you pay to guard your money and not touch it That's what they originally were.

[@KingJack86]

So what insurance contract product are you using?

[@richardcrown9764]

REACH HER ON TELEGRAM..

[@richardcrown9764]

@KATHIMORGAN1 is her user name for help

[@lastofthebest5102]

Notice how he doesnt respong to questions or concerns? Clearly doesnt care about anything other than taking advantage of others.

[@richardcrown9764]

Te-Iegr-am

[@amyhudson1016]

Never head of using insurers to deposit and withdraw money. This sounds crazy

[@aadityagupta250]

If it sounds too good to be true, it is.

[@admiralmurat2777]

It is 😂 this malarkey they're trying to sell on here is laughable. "Financial Advisor" my ass. My financial advisor is my father who has an MBA and is a CFO for a top 5000 company. These insurance hustlers are just that "Hustlers"

[@heribertohernandez2910]

proof is in the pudding

[@lancebeare8314]

It's true, but remember you have to have the $1M to "borrow" it

[@CharruaRegio]

​@@lancebeare8314exactly as collateral. You can also borrow good debt from the Banks and invest it in a higher yield assets.

[@aperakh]

Why would the insurance company lend you money at a lower rate than they are paying you for it? because they are "good" and love you and banks are "bad" and hate you? Lol.

[@angelofamillionyears4599]

This is interesting but you need to organize this into 5 steps that are logical and sequential. The current format is mumbling and not in steps. thanks

[@bonginkosindlela5815]

I agree

[@sabercruiser.7053]

🔥🔥🤲🙏👏👏🙌🙌 thank you

[@nicolaskesington449]

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

[@skhosanamathiyane]

From my view that's brilliant,because the banks 🏦 will never tell you,,now the problem is,which insurance can we trust,,too much scams out here,,,,,,South Africa

[@bernarddonald8203]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life

[@magnusagashi7377]

You're absolutely right, to be a successful in life required not only hard work but awareness and sometime opportunity at the moment, investment remains the best way to start.

[@philippine6168]

​@@magnusagashi7377I agree with you. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed return.

[@margaritaantonio2322]

yeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.

[@normaarredondo7997]

​@@margaritaantonio2322Exactly and many of us don't know where to invest our money so we invest it on wrong place and to the wrong people

[@kabiruisah9660]

​@@normaarredondo7997 Obviously talking about been successful, I know I am blessed if not I wouldn't have met someone who is as spectacular as Debra Barton

[@arianbrooks2399]

Learning is fundamental

[@brocksamson7164]

So what kind of life insurance policy allows you to do that?

[@kendrickmcfarland1284]

Indexed universal life(IUL)

[@michaelspink3549]

Whole life, AUL, IUL

[@cesuntbanii]

Bitcoin

[@kungfoochicken08]

It’s a fucking scam.

[@lastofthebest5102]

The ones he profits from by the suckers buying into an inflated market which will eventually crash thereby making him money while you go further in debt.

[@simeonmakgoba5109]

This guy sound like Robert Kiyosaki, the kind of guy who claims to make money out of something he can't really explain but in reality he makes money out of selling his books and seminars

[@ElishaKyala-sm1fl]

Of course yes, some of them got rich after selling their books

[@R33AP3R]

Just so we're clear $50K return on -$10K invested = $40 profit, which is 400% return, not 500% as he so confidently stated. Also borrowing against a life insurance policy is only available in the US

[@CombatSportsAcademy]

He said make and extra 50, so 60 in total

[@DeRothschild]

By the way, they’re not mentioning that, depending on the company, 70% of your investment is going toward the life insurance portion, 30% is the cash value you get to invest and borrow against. Why not just build your nest eggs in other more profitable ways like a 401k, HSA, real estate, etc.

[@marcomacias1824]

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

[@ddnimbre877]

It was interesting information..normally we take it casually

[@yotamarker]

I still don't get it

[@lastofthebest5102]

And thats the point.

[@290revolver290]

Damn, I love the game of business 😂. 🔥

[@ivrz]

5.30

[@somosimparaveis]

Thank you 🤜🤛

[@tekken9476]

Smartest thing I've heard on the internet if it's actually true

[@470interista]

is this a U.S. thing only?

[@vickclash7955]

Wow

[@bgvianyc]

How does the insurance contract earn 10%? What happens if you borrow at 5% from it and that year it returns -20% like 2022?

[@markmckinney895]

Where can I purchase a book?

[@EVNL576]

Library is free.

[@solonkazos1379]

It all works until the values of what you bought drop and now you're just stuck with paying back a million and potentially lose the cash you had.

[@heheguysharme9701]

He says right, here in INDIA my dad is a self made Milkionare ( his network recently crossed 8 crore rupees) 1M$, he borrowed from banks @6%-7% max, bought residential land in top township at an early stage ( on dirary) and later sold them at 300-500% gain without any taxes on gains as he re invested it, now My dad owns 20,000,Sq ft ( besides my 3000 sqft home)+ land in a tier 2 hi pace developing city " indore'' now I will build buildings on them if it's economically feasabe and if they gen postive cashflow ( im 19 and learning finance from books and watching my dads and analysing his investmentsnand reason for that substancial growth of land prices after he buys it, WE DO NOT HAVE ANY POLITICAL CONNECTIONS AND MY DAD TILL DATE WORKS A 6-8 HOUR JOB FOR ,2 LAKHS MONTH HE'S 54( ILL RETIRE HIM SOON).

[@stevefulscher8531]

after year one in the cash value life insurance, why does the account that is earning you 8% have a zero balance? in a universal life after the surrender charge how much do you have?

[@0425549345]

You also have to pay the cost of the insurance, so in the initial years your cash value is not high. Life Insurance policies can be great assets, but they are not short term investments. You’ve got to let them grow for at least a decade before you can do something similar to the concept in this video.

[@paoloavetillolagustan119]

Bank is still the best because they can loan your lil savings as collateral to leverage loan value. Unlike with the insurance you can only loan the same savings you put in. Other good thing if you purchase a house the bank can refinance the amount you put in to that house where renters pay for the refi loan. I assure that the insurance policy dont want to get involve in refinancing a prop