With a fiat currency system like we have now, it's always going to be an inflationary environment. With an account like this, I am locking in the purchasing power from a standpoint of contributions. If you're doing a blue chip stock, that's a great way to have a dividend come through and still be able to pay some of that policy loan down with the dividend income. That definitely helps you get more buying power on the front ends. On the back end, generally speaking, inflation is going to be somewhere between four and six percent is what they're saying. Mid-term CPI is usually if you look at real inflation, you can see charged death. It's probably double what
IN THIS EPISODE, YOU’LL LEARN:
05:21 - What are the most important factors to building wealth?
05:21 - How much of your income should you be saving?
10:36 - Why Jerry prefers investments that generate passive income versus capital appreciation.
13:36 - Should Millennials pay off their debt before investing?
16:27 - What type of policy, agent and life insurance company Jerry recommends.
26:29 - How to “become your own bank” and use life insurance to build substantial wealth.
26:29 - How you can use life insurance to pay down your debt and save more money.
27:49 - How to use life insurance as an investment tool by borrowing against your policy.
41:21 -Why Jerry doesn’t invest in the stock market and what he prefers to invest in.
45:28 - How Jerry uses gold as an investment and borrows against it to build wealth.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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