Build Two Assets At Once Using Life Insurance As Your Own Bank
This 2 minute video explains why Building Your Own Bank with life insurance can help you create an additional bucket of wealth simply by harnessing compound interest from dollars that would normally slip right through your hands.
Rerouting the same dollars you plan to spend on vehicles, real estate, business inventory, and equipment through your own privatized banking mechanism can build up a whole separate pool of tax-exempt cash inside a whole life insurance policy designed for robust cash value growth.
Most of Your Money Never Makes It Into the Bucket
Every dollar that flows through your hands — paychecks, project fees, whatever — most of it gets spent. Very little actually makes it into savings buckets for your future.
And here’s the kicker: the bucket where you’re supposed to save the most — your IRA or 401(k) — has a federally mandated lock on it. You can’t touch it till you’re 59½.
But you’ve got financial goals before retirement too. Buying cars, real estate, business equipment.
The compound interest you could earn from those two buckets? It pales in comparison to what you’re losing from all that money gushing out with your spending.
There’s a Way to Harness That Lost Compounding
That’s exactly what we do at BankingTruths.com.
We show you how to set up your own private banking mechanism so you can capture some of that lost compounding from strategic spending on things like:
- Vehicles
- Real estate
- Business inventory and equipment
You put that otherwise lost compounding effect to work for yourself. It creates a whole other bucket of funds that’s pretty unique.
What Makes This Bucket Different
The money inside grows safely — no risk of market losses.
The interest earned is tax-sheltered.
And it’s liquid — you can use the equity in your bank whenever you want, before and during retirement.
All of these characteristics tend to make people feel more confident and financially independent — in spite of what’s happening inside those other two buckets.