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@PaulLund92399
Жыл бұрын
No way, this is exactly what we are looking to do. THANK YOU SO MUCH.
@gethomebased
Жыл бұрын
Love the Room!!! Luxurious!
@BarbellFinancial
Жыл бұрын
Living your best life!
@WealthNation
Жыл бұрын
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@AdamDoran
Жыл бұрын
I love how you broke down how you financed this trip. Thank you for sharing about your vacation. Gonna have to book at NOBU next time I go to Cabo. Happy Anniversary!
@CreativepreneurJourney
Жыл бұрын
This place of Mexico 🇲🇽 is amazing
@eagles4757
Жыл бұрын
I financed my TACOS'S MAN YOU GUYS ARE SMART!
@davepomplun1462
Жыл бұрын
Living a good life.. congrats!👍
@ellakennedy2494
Жыл бұрын
I really love you guys and the education that you guys teach about Life Insurance I’m learning a lot and I’m applying myself to learn to live that lifestyle. I appreciate you guys so much for the knowledge that you are giving out to the world. Keep doing what you doing? Living your best life I’m on my journey to do just that again. Thank you.
@TheBlackAether369
Жыл бұрын
Question. If you have a policy such as this. Can you still write the vacation off on taxes as a business expense if you have the policy within a trust? Possibly a LLC
@CapitalG222
10 ай бұрын
Fantastic!!!!
@gadrise727
27 күн бұрын
That looks like a queen bed
@johnhenrygrzyb7970
11 ай бұрын
I’ve watched this video a few times. I’m a little lost on the payback. I’m not understanding how you’re getting more money at the end of the payment Period. My understanding is you took out a loan from your whole life, and then you have to pay back the loan and your charged interest on that. So what is confusing me is you pay more than you are due each month which makes sense but how does that give you extra money that you didn’t have before? It seems you have extra money because you paid extra but I’m not seeing how the jumps and pay are happening on repayment. I’m fascinated with this concept. I’m just struggling to grasp it
@shadowlee02
4 ай бұрын
How much is yall policy worth?
@nalu808girl1
Жыл бұрын
This is fantastic
@patrickdavenport9166
Жыл бұрын
You don’t really make money by borrowing money? Your growth was simply the growth of the policy itself regardless if a loan was taken out or not correct? you did not make money but I’m going on vacation
@WealthNation
Жыл бұрын
Great question. The policy is going to grow a compounded rate regardless. Which is what you’re referring to as “the growth.” What we’re talking about is the 7% interest we are charging ourselves for borrowing the money. That interest is going back into the policy as a part of loan repayments. The interest we are paying is also helping accelerate the policy growth in addition to the automatic growth it builds on its own.
@patrickdavenport9166
Жыл бұрын
@@WealthNation true, though the “interest” is being paid to the company. The extra “interest” being paid goes to the principal unless you’re applying it to the PUA unless I’m mistaken?
@b1riley1000
Жыл бұрын
@@WealthNationI guess I'm confused why someone would put extra money into a policy beyond the bare minimum to cover just the insurance? Why not just save the extra money separately and then pay yourself back with "interest" instead of paying the insurance company interest that does not grow your account value? At 4% growth from the insurance company, but always borrowing money and then paying the insurance company interest you're at a net zero or probable net loss.
@loveangelgray
9 ай бұрын
what are premium payments?
@sPGgwUxYrSd7Cf5H
11 ай бұрын
Where does the 7% come from? Does your policy charge 7% for the loan? Or do they charge you 4% and you're adding and additional 3% to the cash value of your policy? Does the interest you make on your cash value from the life insurance company negate part of of the interest rate you are paying on the loan? (i.e. if you earn 4% and you pay 5%, are you really in essence paying 1%?)
@nataliesmith6208
Жыл бұрын
AWESOMENESS
@sensitivetouch4seniorsdisa524
Жыл бұрын
When using your life insurance, don't you pay back premium? Please answer 😮Chicago
@WealthNation
Жыл бұрын
Yes, you always pay your premium in order to keep your policy inforced.
@sensitivetouch4seniorsdisa524
Жыл бұрын
@Wealth Nation As I was sending the text off you was speaking about it. Thanks 😊 🙏🏽
@eagles4757
Жыл бұрын
Wow that room great I wonder if they used their whole life policy to build that hotel lmfao
@jeffreysirkin7120
Жыл бұрын
Why in the world would you have "financed" your vacation anyway? Broke people live like that.
@WealthNation
Жыл бұрын
Hi Jeffrey, the point is that we have all our money back plus interest because we used our own system. If we use the traditional financing way, we wouldn’t have any money to show for it, AND it would cost more money because of the of the interest.
@patrickdavenport9166
Жыл бұрын
@@WealthNation exactly. People don’t understand we finance everything in life.
@jeffreysirkin7120
Жыл бұрын
Ok I can agree w that but why would you have financed a vacation to begin with? We have 3 whole life policies we’ve had forever and are paid in full, but I never take loans. I just let it grow. I pay cash for everything including my cars except the mortgage. So why would one want to finance random things in life?
@patrickdavenport9166
Жыл бұрын
@@jeffreysirkin7120 that just simply means you aren’t implementing IBC in your life & don’t understand the process. You finance everything in your life whether you pay cash or borrow the money
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