If we want to get back the money we’ve spent on assets, we have to pay ourselves first, because that is our premium deposit. There are 3 key rules we have to follow in order to successfully use the Money Multiplier Method to build wealth. That means we’re losing out on many benefits when we part with that cash. Once we’ve bought that car, all that money is completely gone and we have to start saving for the next one. When we pay cash for a car, you don’t avoid interest and we don’t actually save money. Paying cash for a car isn’t as beneficial as we think Conventional banks own more in whole life insurance than any other holdings, and that’s because there’s a guaranteed growth rate, and the money we make is tax-free. Using whole life insurance as a wealth building vehicle is what the wealthy, rich and elite do. The wealthy use whole life insurance to keep money in motion You need to start treating your own money the way you treat the bank’s money. On this special episode, recorded at the Impact Players Tour, wealth coach, Brent Kesler shares on the wealth strategy of the most successful people in the world, and how we can use this machine to build our own wealth. What can we learn from the way banks operate? How can we make money without working harder or taking on any more risk? If there’s one thing they do well, it is using whole life insurance to become their own bankers and create wealth intelligently. One of the fundamental rules of becoming wealthy and successful is emulating what the wealthy and successful do.
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