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Round Table | Why Are You Trying to Put All of Your Income Into a Life Insurance Policy?

Round Table | Why Are You Trying to Put All of Your Income Into a Life Insurance Policy?

FromThe Wealth Without Wall Street Podcast


Round Table | Why Are You Trying to Put All of Your Income Into a Life Insurance Policy?

FromThe Wealth Without Wall Street Podcast

ratings:
Length:
44 minutes
Released:
Dec 14, 2021
Format:
Podcast episode

Description

If you had 500 million dollars in cash, where would you put it to get the highest return? You wouldn't want to put it in a savings account that earns very little interest, right? That was the dilemma of BILLIONAIRE Michael Saylor. He had a lot of cash, but he could not allow it just to sit around and wait for inflation to eat it up. In today's conversation, the coaches answer the question, “Why are you trying to put all of your income into a life insurance policy?”  Going back to the idea behind the book “Becoming Your Own Banker” by Nelson Nash, one of the responses was, “If you own the bank, wouldn't you want to put all your money in it?” In his book, Nelson talks about the use of whole life insurance policies that earn dividends which increases the policy’s cash value over time, and how owning such policies allows an individual to control his cash flow. Follow along in the discussion and let us know what you think. --Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. ---Join here: https://wwws.link/inner-circle-sign-upStart your journey to Financial Freedom:https://go.wealthwithoutwallstreet.com/passport
Released:
Dec 14, 2021
Format:
Podcast episode

Titles in the series (100)

Your go-to podcast for uncovering the dirty secrets behind Wall Street and how to take back control of your wealth. The Wall Street mindset separates both families & business owners from their money while the elite and unknown get to use it for their advantage. The secret to achieving this is having your money work for you, not someone else, when wealth building. You can get there through earning passive income. When you have more passive income than you do expenses, you have achieved financial freedom. On this podcast, we work tirelessly toward your financial freedom. We cover topics like the Infinite Banking Concept, multifamily real estate, private lending and a multitude of other cutting edge ideas. We host industry specific reputable guests and share personal stories to educate you on how to finally achieve financial freedom. For more education on how, check out wealthwithoutwallstreet.com