Listen "Flashback Friday Ep 05 - Your Retirement Account Is Not Your Money!"
Episode Synopsis
Did you know that life insurance offers so much more than just death benefits? Most people don’t realize the living benefits that life insurance has to offer! This Flashback Friday Feautured episode - Lesley Batson dives in on how to use life insurance to your benefit. We talk about the misconceptions of life insurance, its benefits, and why you should have it, as well as practical tips to make the most out of it. Lesley Batson launched Rebel Rock Wealth, a strategic financial consulting firm to share wealth-building strategies with independent thinkers. She teaches professionals, investors, and small business owners, the WHOLE truth about money and helps them implement strategies to design, control, and build the wealth style they desire. Lesley is licensed in several states and serves clients across the country. She loves 'Hamilton the Musical', playing golf, downhill skiing, and taking up space on a hot sandy beach. ________________________________ FREE Discovery call for The Microfamily Investing Accelerator https://calendly.com/noirvest/microfamilymavericks ________________________________ [02:31 - 06:05] Who is Lesley Batson? ● How she transitioned to business after 20 years of her career spent in technology ○ Wanting to do something different ● Getting into real estate investing ○ Listening to podcasts ● Infinite banking concept ○ Using life insurance and leveraging it to build personal wealth [06:23 - 11:01] The Time Value of Money ● Leverage your money while you’re still young ○ Managing tax rates or market crashes ● Understand how the math works in terms of inflation ● Choosing whole life insurance policy over 401K [11:23 - 15: 41] Leverage Equity in Your Policy ● The differences between loans and withdrawals ○ Limitations on the control of the loan ● Utilizing Roth IRA ○ What you can do with your IRA ○ Uninterrupted Compounding Growth ● You have to pay back the interest each year! ○ Any insurance company will charge you to use their money [15:41 - 24:22] Life Insurance premiums ● Benefits of a life insurance policy ● The different kinds of life insurance policies that you can utilize ○ Converting from tem convertible policy to life insurance policy ● Choose between leaving your money to your loved ones or to Uncle Sam ○ A benefit of choosing life insurance ○ It is a great alternative to saving in a bank account Key Quotes “When I think of diversification, I think of you need to have money in pools. The more money you have in savings, that are safe and secure…Where the more money you have in savings, the greater their permission, you have to invest because if that investment goes sideways, at least you still have that pool of money in reserves that money, the cash flow is coming in from those investments.” - Lesley Batson “I feel like that's something that people don't realize you can actually use living benefits of a life insurance company because they only think about the death benefit. - Lesley Batson Connect with Lesley on LinkedIn https://www.linkedin.com/in/lbatson/ Instagram https://www.instagram.com/rebelrockmoneytalk/ Check out her podcast Rebel Rock Money Talk https://www.rebelrockmoneytalk.com/ Visit her website at https://www.rebelrockwealth.com/ or email her at [email protected] Let’s get connected! You can find Nicole on LinkedIn
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