How to use Whole Life Insurance to Get Rich (Become your own Bank) | Devin Burr
Wealthy Way
Setting up a Foundation: Initial Idea and Purpose
The hosts discuss their initial idea of setting up a foundation without a specific cause in mind. They emphasize the importance of defining the purpose, programs, and fundraising methods.
In this captivating exchange with Devin Burr, a dynamic force in real estate, content creation, and insurance, the spotlight turns to the revolutionary use of life insurance policies, particularly the game-changing concept of Infinite Banking.
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Connect with Devin!
Instagram - https://www.instagram.com/mr_brrrr/
Infinite Banking - https://moneyschoolrei.com/devin-burr-register45459101
Check out Horizon IRAs here - https://www.horizontrust.com/
Devin, known as Mr. Brrrr, is also the third-largest advocate of Whole Life strategies.
He began his journey into wealth by making a strategic shift from wholesaling to embracing the Burr method for real estate in 2020. He unfolds the potential of channeling funds through a meticulously structured life insurance policy, unleashing the power of what he terms as Infinite Banking. Devin likens this approach to banking practices, focusing on lending and making loans, but with extraordinary perks. The returns, a remarkable 5-6 percent, outshine those in the stock market, and the best part—they're tax-free. Furthermore, the policy guarantees a steady rate of increase and provides a robust shield against legal entanglements.
Devin takes us on a thrilling ride through the mechanics of this innovative strategy, where policyholders can swiftly borrow against the policy, enjoying a streamlined loan approval process. Complete autonomy rests in the hands of the policyholder, who can decide when, or if, to pay back the loan, ensuring a fluid and adaptable approach to fundin
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generat...
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