S1 EP5 Don't Put Your Money in Savings... Do This Instead!

13/11/2023 14 min Temporada 1 Episodio 5
S1 EP5 Don't Put Your Money in Savings... Do This Instead!

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Episode Synopsis

Don't Put Your Money in Savings... Do This Instead!In this episode of the Save Yourself Podcast by Unlimit Wealth, the four founders discuss their financial strategies for attaining financial freedom for themselves and their clients. They propose thinking of capital as inventory that has to be stored strategically and discuss the benefits of keeping money in properly structured, dividend-paying, participating whole life insurance as a 'distribution center.' This strategy enables continuous compounding of capital in a tax-friendly environment while providing a line of credit. It's likened to the operation of a warehouse or distribution center in a business model, where goods (capital) are kept for eventual profitable distribution. The conversation also touches on leveraging the savings by borrowing against the insurance policy and the importance of compounding.00:00 Introduction to the Podcast00:30 Understanding the Concept of Capital Residency01:21 Relating Money to Inventory02:34 The Concept of a Distribution Center for Your Money03:09 The Benefits of Infinite Banking03:47 The Analogy of a Distribution Center09:21 Understanding the Importance of Compounding10:15 Leveraging Savings and Borrowing Against Life Insurance12:32 The Value of Having More Options13:59 Conclusion and Wrap Up

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