S2 EP3 Expanding Financial Resources and Net Worth

15/11/2023 31 min Temporada 2 Episodio 3
S2 EP3 Expanding Financial Resources and Net Worth

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Episode Synopsis

Expanding Financial Resources and Net WorthIn this episode of the 'Save Yourself' podcast, sponsored by Unlimit Wealth, the four founders engage in thought-provoking discussions about uncommon financial strategies. They explore concepts such as infinite banking, using life insurance as part of comprehensive wealth strategy and the benefits of integrating more than one wealth-building avenue. They debunk common objections including the notion about high commissions in life insurance, the perceived mandate to pay into a life insurance policy for a lifetime, and not seeing a need for life insurance when one has high returns in business or other investments. Addressing these, they highlight that their strategic approach is not about replacing tried-and-true methods, but about introducing an additional and beneficial step to diversify, secure and expand one's financial resources and net worth.00:00 Introduction to the Podcast00:26 Getting Started: The Team's Greetings00:33 Addressing Common Objections in the Industry01:09 Understanding the Role of Life Insurance in Wealth Building02:36 Transitioning from Expense to Asset03:44 Comparing Life Insurance to Other Financial Tools05:46 Debunking the 'Buy Term and Invest the Difference' Myth06:05 Understanding the Initial Cash Drag in Life Insurance12:19 The Role of Commissions in Life Insurance18:12 Comparing Life Insurance to Lines of Credit and Margin Accounts21:05 Addressing the 'I Don't Need More Life Insurance' Objection23:33 Understanding the Flexibility of Life Insurance Payments24:39 Comparing Returns from Life Insurance to Other Investments30:41 Conclusion and Sign Off

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