Mike Bargetto - Driving financial efficiencies with whole life insurance

Is not having access to capital preventing you from achieving a life of financial freedom and expanding your wealth? This week's guest, Mike Bargetto, has found success with a creative approach through whole life insurance!

Mike Bargetto co-founded Axiom Wealth Solutions, a wealth strategy company specializing in cash-value Whole Life insurance. Mike and his wife, Kate, also own a portfolio of 30 doors across 5 markets consisting of SFR and Multi-family units. However, they have been aggressively divesting from their personal holdings and deploying more and more capital into syndications as limited partners. Passive income has allowed Mike to focus on his greatest use of time-showing the power of blending permanent life insurance with real estate investing and business ownership. Mike resides in Phoenix, Arizona, with Kate and their two children.

Mike was looking for a way to spend more time with his family, which drove him to leave his job as a firefighter and become a full-time real estate investor. He shares how he achieved time freedom through passive real estate investing and the steps he took to achieve it.

Mike realized that a whole life insurance policy was a great way to acquire capital for entrepreneurs and investors and quickly based his business around it. Mike dives into the benefits of leveraging a whole life insurance policy, what exactly it is and how it can help passive investors achieve success.

HIGHLIGHTS FROM THE EPISODE

00:00 - Coming up

00:11 - Intro

00:57 - Welcome Mike to the show 

01:16 - Mike talks about his background 

03:12 - Investing in his full-time job

04:38 - The transition from a firefighter to a full-time investor 

08:21 - Journey into passive investing 

11:38 - The path to whole life insurance 

14:19 - The benefits of keeping money in a whole life policy 

18:11 - How is it different from keeping money in a bank

22:16 - Debt benefit 

25:03 - Misconceptions about whole life insurance

28:45 - Benefits of a child policy

31:05 - Mike recommends resources to learn the whole life 

32:00 - Bucket list item

33:38 - Final thoughts 

LINKS FROM THE EPISODE

Youtube - money secrets with mike and kate 

http://www.axiomwealthsolutions.com/

CONNECT WITH THE GUEST

Axiom Wealth Solutions | Owner

M: 831.818.9456

E: mike@axiomwealthsolutions.com

www.axiomwealthsolutions.com

CONNECT WITH THE HOST

Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith, or on Instagram at @salesguyinvestor

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