Gold is 6,000 years old. It's been the longest existing store of value currency. I like it as a great deal of predictability. No matter what currency you price it in an ounces of gold will always be an ounce of gold. There's always going to have value. So when I buy gold, it's never just to hold it and hope the price goes up. Short term, it's going to do whatever it does, right? I borrow against it and I know that long term, you know, I'm going to have my growth on it.
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.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Help us reach new listeners by leaving us arating and reviewon Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!