INSURANCE EXPERT Reveals Secret to Building the BEST Emergency Fund!

[@LIFE180]

Build Your Emergency Fund - Set up a clarity call with a LIFE180 coach now: LIFE180.com/clarity-call

[@Themoeofmoes]

amazing video and amazing team. im so glad i joined you guys!

[@HazeltineLLC]

Good stuff as always, Chris. I have to comment to help you out in the algorithms. It's interesting to talk about the flexibility of whole life because, as you point out, the INflexibility of whole life can be an advantage to you - it's a forced savings account. So the "premium due" is actually a way of keeping us disciplined to ensure we "pay ourselves first" and "save money" rather than spending it.

[@tyrecarmon20]

Great insight

[@HazeltineLLC]

Thank you - appreciate it

[@tyrecarmon20]

@@HazeltineLLC no problem

[@tyrecarmon20]

Love your content. Been binging a few of your videos and clips. Im starting my whole life policy next year and these videos really help

[@mistercameron101ATmailDOTcom]

A lot of different strategies out there for sure. I saw my parents who were both conservative with money but did their own plan. My dad was a corporate employee and utilized deferred IRA/401k and my mom had a small business, rental properties and stocks. They did pay off their house early. My dad was more into accumulation and emergency funds and my mom was more of a spender who believes in a living inheritance like she put a down payment for my sister and her husbands house. Bought me a car, and booked us cruises and trips to Europe and china. My dad gave me money for a business venture. They seldom use credit cards and heavily use cash and they also have small permanent life policies even they already pre donated their bodies for science. It’s good to see options out there

[@willfull1604]

That 6.13% is tax deferred. Wouldnt that be analagous to a 7.85% taxed?

[@LIFE180]

depending on the tax bracket, but in that ballpark, yes

[@mistercameron101ATmailDOTcom]

I'm in the army and they pay for all my health insurance and even give me life insurance but i dont have kids or am married. I think if something critically were to happen my healthcare covers it. I have an admin support role, im not in combat. if you do 20 years service you get healthcare on them for life, they have a blend retirement plan that is pension, TSP w 5% match and SS. I do have this 45k in savings but I don't think i'll need it but I guess that's what its there for

[@JoeC5050]

Good info.. Pl fix your camera/mike etc. Showing your backside, when presenting is not a good idea.

[@LIFE180]

yeah, I don't know why he put the video with me in the corner when I was working on the vibe board. Not the end of the world. I have already told him to not do it. However, the camera and mic were fine from what I see

[@JoeC5050]

@@LIFE180 two MIC covering entire screen!!

[@mistercameron101ATmailDOTcom]

I’m not smart enough for this strategy 😂

[@LIFE180]

I don't know what to say to that 😂. It is not complicated.

[@mistercameron101ATmailDOTcom]

@LIFE180 I have 45k in savings. Can I move that in this account you talk about or is there also required payment .. there’s gotta be a catch ?

[@ProCoderIO]

@@mistercameron101ATmailDOTcomI just opened a new policy with a lump sum. It’s configured to pay in over the next 7 years. After that, I can opt to keep paying or RPU it.

[@mistercameron101ATmailDOTcom]

@ what do you mean configured to pay in? And what can I do with my savings

[@ProCoderIO]

@@mistercameron101ATmailDOTcom it uses a “premium deposit fund” or PDF. The rider holds the lump sum and uses it to pay premium over the first seven years. The cash in the rider that has not yet been turned to premium grows at a guaranteed rate of 5%. My policy is structured 50/50.