Rebecca Pease: Why do you think there's such a negative connotation associated with using life insurance to do this? She says she was passionate about it because she would see these really badly designed policies where agents I knew were getting paid basically the first three years in commissions. The biggest piece is that the agent in order to design this, obviously they have to have the technical skill and know how,. But they have to be willing to take about a 300% pay cut from their normal rates.
Rebecca Hotsko chats with Jerry Fetta, the Founder and CEO of Wealth DynamX. They talk about how to “become your own bank” and build wealth like the top 1%, his thoughts on how the sacred account differs from traditional forms of saving/investing/borrowing, his investment strategy for 2023, and where he sees the most opportunities, and much, much more!
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
02:44 - Learn how to “become your own bank” and build wealth like the top 1%.
05:21 - How the sacred account differs from traditional forms of saving/investing/borrowing.
07:35 - When it makes sense to use the sacred account as a savings tool.
16:43 -How this strategy holds up in down markets and particularly in this economic backdrop?
33:58 - Examples of ways Jerry has used this method to invest in 2022.
37:07 - Why Jerry likes secure private lending and seller finance real estate over stock investing.
41:06 - How you can get involved in real estate investing with no prior experience in real estate.
59:37 -What are the major mistakes people make when implementing this strategy?
61:40 - Jerry’s investment strategy for 2023 and where he sees the most opportunities.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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