The Money Advantage Podcast

https://www.youtube.com/watch?v=bK6cj5VH4_k Most people miss the advantages of whole life insurance because they view it as strictly an insurance product that doesn’t do anything else. But it’s that perspective, not the product, that has the limitations.Do you need to get the highest-quality life insurance you can count on, but you feel like life insurance agents are conspiring against you and sabotaging your success? Do you have questions about the advantages of whole life insurance, or maybe you need some tools to help you? Well, look no further because this article will explain the various whole life insurance advantages, without you having to compartmentalize it as just buying death benefit, separate from the rest of your financial life. Best of all, these seven benefits of whole life insurance will put you on the fast track to success with your life insurance right now. Table of contentsWhere Do the Advantages of Whole Life Insurance Policies Fit in the Cash Flow System?Advantage of Whole Life Insurance #1: Vault-Like SafetyBuilt-In Strength: Reserves and ReliabilityAdvantage of Whole Life Insurance #2: Competitive Growth on Cash ValueWhy Results Vary From Policy to PolicyAdvantage #4: Tax SavingsAvoiding the MEC TrapAdvantage #5: Gateway to Income-Boosting StrategiesSpend More, Worry Less in RetirementAdvantage #6: Privacy from Creditors and LawsuitsAdvantage #7: Legacy PreserverPros and Cons of Whole LifeFind out MoreFAQs About Whole Life Insurance AdvantagesWhat are the main advantages of whole life insurance?How do the benefits of whole life insurance compare to term life insurance?Can the cash value be used while I’m still alive?Are there tax advantages with whole life insurance?Is whole life insurance worth the higher premiums? Where Do the Advantages of Whole Life Insurance Policies Fit in the Cash Flow System? Life insurance coverage in itself is just one small part of the bigger journey to time and money freedom. That’s why we’ve developed the 3-step Business Owner’s Cash Flow System. It’s your roadmap to go from just surviving to a life of significance, purpose, and financial freedom.  The first stage is the foundation.  You first keep more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you protect your money with insurance, legal protection, and Privatized Banking.  Finally, you put your money to work, increasing your income with cash-flowing assets. That being said, whole life insurance designed for early cash value AND long-term growth fits the protection layer of creating wealth. At the same time, the Infinite Banking Concept improves every other area of your financial life. Advantage of Whole Life Insurance #1: Vault-Like Safety A whole life insurance policy is a savings vehicle, not an investment product. You can compare it to other savings tools, like checking accounts, savings accounts, money market accounts, and CDs. Similarly, a whole life policy’s cash value is safe because it won’t drop in value. This matters because your cash value is impervious to market crashes and corrections. It won’t drop in value unless you take the money out. And if you take a peek behind the curtain to compare whole life insurance companies to banks, you’ll be impressed here, too. Built-In Strength: Reserves and Reliability Life insurance companies can make these profound guarantees mainly because of their long-term conservative investment strategy and their strong reserves. While many banks are required to keep only 10% in reserves, life insurance companies have more than 100% in reserves. Notably, banks failed 27 times more than insurance companies during the years between 2005 and 2017. During those 12 years, there were 523 bank failures, while only 19 life insurance companies became insolvent. And those companies were small, poorly rated companies. The highly rated companies have stood strong for well over 10...

https://www.youtube.com/watch?v=aQ1aApSPch8 Ready to invest in real estate, but don't know where to start?  In this episode, Jeff Schechter "Shecky" and Jack Gibson discuss buying your first investment property - a turnkey rental. So if you want to springboard into asset-based cashflow, be fully prepared, and buy the right property so you can replace your income with a real estate portfolio, tune in now! Where Does Investing Fit in the Cash Flow System? Investing is just one step in the path to time and money freedom. That’s why we have created the 3-step Business Owner’s Cash Flow System.  It’s your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you’ll protect your money with insurance and legal protection, and Privatized Banking.   Finally, you’ll put your money to work, increasing your income with cash-flowing assets. Today’s conversation will help you take the plunge into your first investment property. Who is Jeff Schechter "Shecky"? Jeff Schechter "Shecky" and Jack Gibson are the owners and operators of High Return Real Estate.  We interviewed Jack Gibson about his background and the High Return Real Estate investment opportunity here.  Shecky’s accomplishments include: Started first business right out of collegeDeveloped sales and marketing strategies that have worked well across many industriesNumerous businesses venturesBegan flipping personal residences in the 1980sBought and sold many propertiesActive investorPrivate consulting practice, coaching hundreds of business owners, and thrive on helping people realize their full potential, not just in business, but in all aspects of life! In This Interview with Jeff Schechter, You'll Discover: Once you have the cash, pick a property that makes sense, then pull the trigger.Have a holistic approach - more important than analyzing the numbers, know who you are doing business with and the reputation of the person you are buying from.Price and numbers don't tell the whole story - there is always variance from the numbers on the pro forma.Work with someone who has the wisdom of experience, who can buy in volume and get better deals.A great turnkey provider will provide full transparency, before and after pictures, the scope of work, current condition with third-party inspection, and checklists of what was done.Cash-on-cash returns are a benchmark, but they don't tell the whole story - instead, recognize the five areas of asset build-up that make real estate an IDEAL investment: Income, Depreciation, Equity build-up, Appreciation, Leverage.Take responsibility for your self-education.Revel in the experience and accept it as a learning experience - there is no better teacher than experience, don't judge every nuance as good or bad.With the experience under your belt, don't stop. Look for ways to scale and develop a performing portfolio to create financial independence.  Replicate good investments.  Put together your cash for the next investment. Never stop learning.If you're looking for perfection, don't get into real estate investment.Most importantly, stay in your lane - if you're a professional or entrepreneur, stay hyper-focused on scaling your business. Then, take your profits, find out how to leverage the professional and invest with them.  That’s how you cut the steep learning curve as you start on your investing journey. Find Out Your Next Right Step to Time and Money Freedom If you are ready to personally implement Infinite Banking, alternative investments, or cash flow strategies to keep more of the money you make, book your strategy call with The Money Advantage advisors today. Turnkey Real Estate Links & Mentions From This Episode: Learn more about how you can improve your results with turnkey real estate with Jeff Schechter,

If you’re ready to get the best life insurance for the best price, then I’ve got a secret here about the cost of whole life insurance you need to learn about FAST. Everyone asks, "How much does whole life insurance cost?" But that's the wrong question. A quick secret for success in getting the best life insurance policy: a properly structured whole life insurance policy creates cash value that is an ideal place to store cash. Note: We aren't talking about your typical, off-the-shelf whole life product. Rather this is whole life custom-designed for Privatized Banking, with maximum early cash value and long-term growth. https://youtu.be/H1Pz7bX8Nug The point of this secret is: whole life insurance is tough and enduring insurance, PLUS a knockout savings tool on steroids. It starts out the gate with high cash value. But you won't have access to as much as you've put in right away. Once you overcome the minor lack of liquidity in the very first years, you reach a crossover point where you have more cash available than you've put in.  Starting at that point, there's no more cost to you, and every year afterward for the rest of your life is growth.  Yes, there are internal costs to the policy, and we'll discuss those in a minute, but what matters is how it impacts you. As a wealth creator, here's what this really means: as soon as you switch your lens from a short-term to a long-term - dare I say multigenerational life-time focus - whole life insurance becomes the most robust and extravagant savings tool imaginable. Table of contentsWhere Whole Life Insurance Fits in the Cash Flow SystemWhat Do People Mean by 'Cost'?Breaking Down the Real Value of Whole LifeCash Value Growth: Your Money on SteroidsLiquidity and Access: Using Your Money While It GrowsGuaranteed Benefits: What You Can Count OnCost Comparison: Whole Life vs. Term + Invest the DifferenceWhat Actually Happens Over 30 YearsThe Reality of Term InsuranceWhy Whole Life Wins Long-TermTax and Estate Planning BenefitsTax-Advantaged GrowthTax-Free AccessLegacy Planning AdvantagesWhy Framing Matters: Expense vs. AssetThe Bottom Line on Whole Life Insurance Cost Where Whole Life Insurance Fits in the Cash Flow System Life insurance is great, but it's not the one and only thing for financial success. Rather, it's one step in your journey to time and money freedom. That’s why we’ve developed the 3-step Business Owner’s Cash Flow System as your roadmap to go from just surviving, to a life of significance, purpose, and financial freedom.  The first stage is the foundation.  You first keep more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you protect your money with insurance, legal protection, and Privatized Banking. Finally, you put your money to work, increasing your income with cash-flowing assets. What Do People Mean by 'Cost'? When people say whole life insurance is "expensive," what exactly do they mean? Usually, they're talking about the average cost of whole life insurance premiums. That's the amount you pay each year to keep your policy going. And honestly, I get why whole life premiums seem high at first. When people see the premium amount, their first reaction is often, "Whole life is too expensive." But here's where most people make a complete mistake. They focus on the premium without understanding what that premium is actually buying. The word "cost" implies you're paying money and getting nothing back. Like when you pay for gas, that money is gone forever. But that’s not what's happening with whole life insurance. Because when you understand what's included in that premium, the whole conversation changes. Breaking Down the Real Value of Whole Life Cash Value Growth: Your Money on Steroids Compared with other savings tools, specially designed whole life insurance gets better growth with a 3 – 5% internal rate of return over a 20+ ye...

https://www.youtube.com/watch?v=Q31siMqC7is Rod Khleif has transformed from losing $50 Million to living a spectacular life and achieving everything he's dreamed of. Rod is a passionate real estate investor who has personally owned and managed over 2000 properties. As one of the country’s top real estate, business, and peak performance luminaries, Rod has also built over 23 businesses in his 40-year business career.Rod khleif is also the author of How to Create Lifetime Cashflow through Multifamily Properties, coach and mentor for multi-family investors, and host of the top-ranked Lifetime Cashflow through Real Estate Investing podcast. Where Investing Fits into the Cash Flow System Here at The Money Advantage, we are a community of wealth creators taking control of our lives and financial destiny.  It’s not enough to make a high income.  You have to keep more, protect that money, and finally, increase and make more through the right investing decisions. That’s why we have created the 3-step Business Owner’s Cash Flow System.  It’s your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you’ll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you’ll put your money to work, increasing your income with cash-flowing assets. Today’s conversation will expand your education and paradigm of investing. Who is Rod Khleif? A compelling rags-to-riches-to-rags-to-riches story, Khleif soared from humble beginnings as a young, impoverished Dutch immigrant to incredible success. Rod’s experience involves both remarkable triumphs and spectacular failures, which he affectionately calls “seminars.” Rod brings incredible authenticity and insight to his approach to business, success and life. Rod loves training and coaching the “psychology of success” to aspiring real estate investors and entrepreneurs. He can train and coach on virtually any business or success related topic in great depth, contributing incredible first-hand, technical, and motivational knowledge and skills. Rod Khleif has combined his passion for real estate investing with his personal philosophy of goal setting, envisioning, and manifesting success to become one of America’s top real estate investment and high-performance life coaches. As an accomplished entrepreneur and business owner, Rod has built several successful multi-million dollar businesses. But ask him what he is most proud of, and he will tell you about his work as a community philanthropist. Giving back to the community is a major passion for Rod. He is the founder and long-serving president of the Tiny Hands Foundation, a children’s charitable foundation that leads several annual community charitable initiatives including: Back-to-School Backpack Brigade; provides thousands of new backpacks filled with school supplies to community school children in need. Teddy Bear Brigade; provides thousands of Teddy Bears for community police department patrol cars to be given out by police officers to comfort children in distress. Holiday Basket Brigade; provides thousands of Holiday Gift Baskets filled with food and Christmas toys to community children and families in need. Over the past 14 years, Rod’s work has benefitted more than 75,000 underprivileged community children. Rod Khleif's Goal Setting Exercise to Get Everything You Want Out of Life Set aside one hour of uninterrupted time. Write down everything you want out of life. Outline the stuff you want to do, the things you want to learn, and who you want to help. Put a time limit on each goal Pick your #1 priority that you'll focus on right now. Write down your top three 1 year goals on another sheet of paper, leaving space between them. For each of your one-year goals,

https://www.youtube.com/watch?v=Z6gZz7IIEzQ Waiver of premium is like having insurance on your insurance. So, if you are a wealth creator who wants to make sure your life insurance will be the cornerstone of your wealth and take care of your family no matter what, here are 3 quick questions to ask to make sure you get a bulletproof policy. But first ... Table of contentsWhere Does Waiver of Premium fit into the Cash Flow System?Waiver of Premium Question #1: How Would My Life Insurance Be Impacted If I Became Disabled? Financial PressureImpacts on Your Life Insurance PolicyReasons to Maximize Your Life Insurance if You're DisabledYour Life Insurance Becomes The Savior ... Of ItselfWaiver of Premium Question #2: How Common Is Disability? Waiver of Premium Question #3: What Puts Me In The Best Position In The Widest Range Of Circumstances? Maximum Policy Performance, No Matter What HappensBottom line? Share the Love! Where Does Waiver of Premium fit into the Cash Flow System? The waiver of premium rider is an add-on to a life insurance policy, an integral part of your financial life. But life insurance in itself is just one small part of the bigger journey to time and money freedom. That’s why we’ve developed the 3-step Business Owner’s Cash Flow System. It's your roadmap to go from just surviving, to a life of significance, purpose, and financial freedom.  The first stage is the foundation.  You first keep more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you protect your money with insurance and legal protection and Privatized Banking.  Finally, you put your money to work, increasing your income with cash-flowing assets. The Waiver of premium benefit is a life insurance upgrade feature in the protection component of your cash flow system. Waiver of Premium Question #1: How Would My Life Insurance Be Impacted If I Became Disabled? This simple question means you must understand a key idea. What if disability prevented you from continuing working in your current profession, at your current level of income? And what if that limited your finances so that you couldn't continue to pay premiums for a life insurance policy? And what if you had wanted that policy to be your access to cash and the legacy for your family? Financial Pressure You need to know the answer to this question because a life-altering event that causes a disability could not only cause physical challenges, but it could heap on financial strain in compounding ways as well. If disability were due to an illness or injury, there could be extended medical expenses and recovery time.  You may want or need your spouse close to assist you.  Neither of you may be able to work during this time. The reason this matters is that if you lose the ability to keep working the way you always have, your primary source of income could become tenuous, or be lost altogether. And that means life would force difficult decisions about what expenses you have to cut out. With medical bills and basic needs requiring top priority, there may not be enough to pay life insurance premiums. Impacts on Your Life Insurance Policy With a term life insurance policy, that could mean having to walk away from a policy. In this case, you'd give up the death benefit AND the dollars you've paid in premium up to this point. With a whole life policy, that could mean canceling your policy or choosing another funding method. Options include paying base premium only, paying from policy values, using policy loans, or reduced paying up. You'd have to accept that these options will reduce your cash value and/or survivor benefit, constricting the policy. Reasons to Maximize Your Life Insurance if You're Disabled But rather than limiting your policy, you'd have far more options if you maximize your cash value and life insurance coverage instead.

https://www.youtube.com/watch?v=T8YrxVLGUO8 In this episode, we interview Jorge Newberry, CEO of American Homeowner Preservation, about how to invest in distressed mortgages with as little as $100. So if you want to get between 7 - 12% annual cash returns paid out monthly, understand your investment, and make a huge difference in families, neighborhoods, and communities, starting with a small investment, without having to be an accredited investor with a $50K minimum, tune in now! Where Investing Fits into the Cash Flow System Here at The Money Advantage, we are a community of entrepreneurially-minded wealth creators who are taking control of our lives and financial destiny.  It’s not enough to just make a great income.  You have to figure out how to keep more, protect that money, and finally, increase and make more through the right investing decisions. That’s why we have created the 3-step Business Owner’s Cash Flow System.  It’s your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you’ll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you’ll put your money to work, increasing your income with cash-flowing assets. Today’s conversation will give you a fresh perspective on an investing opportunity for big returns with a small investment. Jorge Newberry Conversation Highlights In this episode, you'll discover: What led Jorge Newberry to found AHP 12 years agoThe purpose and mission of AHPThe prevalence of defaulted mortgages today, 10-years after the housing crisisHow AHP helps homeowners stay in their homes How AHP offers a minimum investment of only $100The returns, payout, and liquidity investors can expect when investing with AHPThe current investment opportunity with AHP's fund re-openingWhat a potential upcoming housing downturn will mean for AHP and distressed mortgage note investors About Jorge Newberry: Jorge is an expert in investing in mortgage notes whose accomplishments include: Jorge Newbery is an author, entrepreneur, CEO and investor. He is the Chairman and CEO of AHP Servicing LLC, which crowdfunds the purchase of non-performing mortgages from banks at big discounts, and then shares the discounts with struggling homeowners. Jorge is the Founder and Partner of Activist Legal, LLP, a DC-based law firm that facilitates default legal services, and the Founder and CEO of DebtCleanse Group Legal Services, a nationwide legal plan to help consumers and small businesses get out of debt without filing bankruptcy. A 2004 natural disaster triggered the financial collapse of Newbery's former business, leaving him with $26 million in debts he could not pay. Newbery rebuilt himself through AHP, sharing what he learned from his challenges to help families at risk of foreclosure stay in their homes. Jorge is also the author of Burn Zones: Playing Life's Bad Hands; Debt Cleanse: How To Settle Your Unaffordable Debts For Pennies On The Dollar (And Not Pay Some At All); and Stories of the Indebted. Get Financial Clarity Today If you would like to implement Privatized Banking, cash flow strategies, or alternative investments, so you can accelerate time and money freedom, we can help.  We’ll review your situation to help you decide what moves are best for you. To start the conversation, book a call with The Money Advantage advisors now. Investing In Mortgage Notes Links & Mentions From This Episode: American Homeowner PreservationBurn Zones: Playing Life's Bad Hands, by Jorge NewberryDebt Cleanse: How To Settle Your Unaffordable Debts For Pennies On The Dollar (And Not Pay Some At All), by Jorge NewberryStories of the Indebted, by Jorge Newberry Thanks for Tuning In! Thanks so much for being with us this week.

https://youtu.be/ivNjgBZM19Q If you want to get your money to do the most, learn these essential keys to be your own bank. (NOTE: “Be your own bank and the Infinite Banking Concept” does not mean that you are literally a bank or creating a bank; rather, we mean emulating the idea of banking.) Instead of being a saver who’s a star-student customer of the bank, this is how you supercharge your savings to control capital, earn interest, and increase your cash flow as you model the banking system – the most profitable business model in the world – and start becoming your own banker. So if you want to keep your money at your disposal and earn maximum returns at the same time (without having to take on more risk), check out the podcast episode right now! In this podcast episode, you’ll discover the three simple steps to be your own bank: 1: Keep cash reserves 2: Own the reservoir 3: Master the art of arbitrage Table of ContentsWhere Does Being Your Own Bank Fit into the Cash Flow System?Why the Traditional Banking Model Works Against YouBe Your Own Bank Step #1 – Keep Cash ReservesBe Your Own Bank Step #2 – Own The ReservoirYour Money That’s Not In a Reservoir You OwnThe Ideal Reservoir You Own: Whole Life Insurance Cash ValueBe Your Own Banker Step #3 – Master The Art Of ArbitrageHow To Be Your Own Bank Through Life Insurance?How Becoming Your Own Banker Changes the OutcomeMisconceptions of Being Your Own BankThe Bottom Line for Every SaverShare the Love! Where Does Being Your Own Bank Fit into the Cash Flow System? Being your own bank is a process of managing your cash flow so that you keep and control as much of your money as possible. This system, better known as Infinite Banking, is one step in your journey to time and money freedom. That’s why we’ve developed the 3-step Business Owner’s Cash Flow System as your roadmap to go from ‘just surviving’ to a life of significance, purpose, and financial freedom. The first stage is the foundation. You first keep more of the money you make by fixing money leaks, becoming more efficient, and profitable. Then, you protect yourself with insurance, legal protection, and Privatized Banking. Finally, you put your money to work, increasing your income with cash-flowing assets. Why the Traditional Banking Model Works Against You Most people grow up trusting the banking system without ever questioning it. We’re taught that saving in a bank is the safest way to secure our future. But when you take a closer look, you’ll see that traditional banks are built to serve their own profits, not yours. When you deposit money into a bank, you lose control. The bank puts your cash to work for its benefit by lending it out at much higher rates while paying you a fraction of a percent in interest. They use your capital to build their wealth, while you carry all the risk of inflation and opportunity cost. Meanwhile, your savings are exposed to devaluation, fees, and banking policies you can't control. Traditional banking systems are not designed to protect or grow your wealth; they're designed to profit from it. Choosing to be your own bank is about reclaiming that control. Instead of allowing traditional banks to leverage your hard-earned dollars, you create a privatized banking system where your money works for your family, not for someone else’s bottom line. Be Your Own Bank Step #1 – Keep Cash Reserves Why do we model the bank? What do we want it to do for us? As a customer of the bank, you put your money in the bank for safekeeping, between uses. If you shift your lens and look at banking from the bank’s perspective, you’ll quickly learn why they’re the most profitable business model in the world. The banker stores your cash and pays you for the use of that cash. Because the banker stores cash, that capital offers opportunities to offer financing that will be repaid at interest.

https://www.youtube.com/watch?v=fJ-twP5XEkM In today’s show, we’re interviewing Michael Cobb, Chief Executive Officer and Co-Founder of ECI Development. This real estate development company is building and financing inspired residences for adventurous souls in Belize, Panama, Nicaragua, Costa Rica.  Prepare to expand your investor’s paradigm to consider diversifying your asset portfolio outside the US.  Think resort-style living for the middle class, including private villas, tiny homes, vineyards, private islands, and agricultural land with timber. Whether you’re interested in expatriation or expanding your investments, you'll gain a bigger worldview, and longer-term perspective of wealth creation. Where Investing Fits into the Cash Flow System Here at The Money Advantage, we are a community of wealth creators who are entrepreneurially-minded business owners taking control of our lives and financial destiny.  It’s not enough to make a high income.  You have to keep more, protect that money, and finally, increase and make more through the right investing decisions. That’s why we have created the 3-step Business Owner’s Cash Flow System.  It’s your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you’ll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you’ll put your money to work, increasing your income with cash-flowing assets. Today’s conversation will expand your education and paradigm of investing. Who Is Michael K Cobb? At the height of a successful career in the computer industry, Mr. Cobb left to pursue more pioneering opportunities in the emerging real estate markets of Central America. In 1996, he and his business partner formed a company, Exotic Caye International, to provide loans to North Americans purchasing properties in Belize, Honduras, and throughout the region. As the need for capital outstripped the supply, the mortgage company was converted to an international bank under the jurisdiction of Belize. It continues to provide mortgage services, but has expanded its services to encompass the full realm of financial products. Mr. Cobb also saw the need for a regional real estate company that would serve the Baby Boomer consumer with a North American standard product for the next two decades. He led the group into real estate development and created a holding company for several properties, including a resort on Ambergris Caye, Belize. In August of 2000, Exotic Caye purchased 3.5 miles of Pacific Beachfront property due west of Managua, Nicaragua. This master-planned community hosts world-class infrastructure, homes, and condominium units. In February of 2006, the ECI Development group acquired 1100 acres and 3km of coastline in Costa Rica, setting the stage for expansion into this popular market. Most recently, they merged their Belize property with a much larger parcel and have begun to develop 200 condominiums units on Ambergris Caye, Belize. Additionally, Michael has spoken at hundreds of international conferences about real estate financing and development. He has acted as a consultant to The Oxford Club and gives counsel to various real estate projects throughout Central America. Conversation Highlights Investing internationally to diversify your portfolio geographically.The demographics of who is buying property through ECI development: 30% lifestyle, 30% pre-use buyers, and 40% investors.What you need to know about the buyer beware environment of investing outside a nanny-state.Investing in Latin America is like a time machine. You want to be in the path of progress.Long-cycle cash flow with teak timber creates generational wealth that pays out every 25 years. Connect with Michael Cobb This conversation barely touched the tip of the ice...

https://www.youtube.com/watch?v=RnzDMisQ5go Infinite Banking has the edge over other funding methods because of the strategic use of whole life policy loans.If you’re new to the concept, let’s rewind to make sure we’re on the same page. Infinite Banking is a strategy of building up cash value inside of a specially designed whole life insurance policy.  The cash value is a place to store cash that provides safety (your cash value won’t drop in value), growth (with guaranteed interest, plus non-guaranteed dividends), and liquidity (contractual access to use your money.)  When you want to access your cash value, rather than depleting your cash value by using it directly, you convert it to cash by borrowing against it.  That means you don’t use your cash value; you collateralize it and use OPM (other people’s money) instead. So, all of your cash value continues growing and compounding, even with an outstanding loan.  This is why you can earn a return on the same money in two places at the same time. Find out more about life insurance policy loans and why we use them here. Today, we’ll dig into the process of how to take a life insurance loan and pay it back.  We’ll de-mystify policy loans by talking you through the steps you’d take to move capital into usable cash in your bank account.  And you’ll gain the confidence to use your policy to the fullest capacity to maximize all of your money. Table of contentsWhere Do Whole Life Policy Loans Fit into the Cash Flow System?Whole Life Insurance’s Three Rates of ReturnThe Reason to Use a Whole Life Policy Loan: ControlThe Process of Taking and Repaying Whole Life Policy LoansHow Do You Request a Loan?What Happens to Cash Value with an Outstanding Loan?How Does Interest Accrue During a Whole Life Policy Loan?How Do You Repay a Policy Loan?What If You Don’t Pay Off a Policy Loan?Why Earning Interest Is Better Than Paying Yourself InterestStart Using Whole Life Policy Loans for Infinite Banking Today Where Do Whole Life Policy Loans Fit into the Cash Flow System? Loans are one small part of Privatized Banking, which is, itself, another step in a bigger journey to time and money freedom.  That’s why we’ve developed the 3-step Business Owner's Cash Flow System as your roadmap to go from just surviving, to a life of significance, purpose, and financial freedom.  The first stage is the foundation.  You first keep more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you protect your money with insurance and legal protection and Privatized Banking.  Finally, you put your money to work, increasing your income with cash-flowing assets. Whole Life Insurance’s Three Rates of Return The power of whole life insurance comes from the three distinct returns it gives you: an internal return, an external return, and an eternal return. The internal return is the growth of your money through interest and dividends inside the policy. The external return is the growth on the outside investments when you put your cash value to work in other assets with policy loans, a process known as Infinite Banking. And the eternal return is the death benefit that provides an ongoing legacy to your loved ones. The Reason to Use a Whole Life Policy Loan: Control You capitalize on the external returns by using policy loans as a funding source. Using a whole life insurance loan boils down to one thing: control.  You have control because you have the guaranteed privilege of accessing cash up to the amount of your available cash value.  That means you don’t need to meet any terms or qualifications.  You don’t need to prove you can repay.  There’s no credit check or scrutiny on what you’re using the money for. So, it’s not a wait-and-see if you’ll get the money.  If you request the loan, it’s yours. Another layer of your control comes from the contractual right to control the terms of how and when you pay bac...

https://www.youtube.com/watch?v=sOOnaH1iC-M In today’s show, we’re interviewing Dr. Joel Wade, of Mastering Happiness.  Dr. Wade is an Author, Psychotherapist, and Life Coach who’s centered his work on happiness, and helping people live happier, better, and more effective lives.  And we’re talking about true happiness and well-being, not simply the happiness of feeling good in a lucky moment of pleasure.  Instead, happiness is a set of skills, a practice, and an attitude toward life that you can learn and apply in whatever circumstances you are in. Where Happiness Fits into the Cash Flow System Here at The Money Advantage, we are a community of wealth creators who are entrepreneurially-minded business owners taking control of our lives and financial destiny.  It’s not enough to just make a great income.  You have to figure out how to keep more, protect that money, and finally, increase and make more through the right investing decisions. That’s why we have created the 3-step Business Owner’s Cash Flow System.  It’s your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you’ll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you’ll put your money to work, increasing your income with cash-flowing assets. Today’s conversation will help you upgrade your mindset to be able to be a producer and creator of true life wealth, flourishing in every area of your life. Who Is Dr. Joel Wade? Joel F. Wade, Ph.D. is Marriage and Family Therapist and Life Coach, and the author of The Virtue of Happiness, and Mastering Happiness, and creator of an in-depth online course, A Master’s Course in Happiness, all drawing from the increasingly useful research in psychology in general, and positive psychology in particular; and his nearly four decades of working with people professionally. He has written regularly for a variety of publications, including The New Individualist, The Good Men Project, and the Beyond Wealth columns for the Oxford Club. He’s also a world-class athlete, having won multiple national and world championships in water polo. Dr. Wade enjoys teaching clear, practical skills and ideas that can be used immediately. He inspires his readers and listeners to take effective steps toward a more rewarding, joyful, and resilient life. As a Life Coach, he works with people around the world and can be found at www.drjoelwade.com. Joel Wade Conversation Highlights What Is Happiness? Happiness doesn’t mean a temperament and personality of cheerfulness. Rather, happiness is Aristotle’s eudaimonia, which means success at being human. Martin Seligman moved psychology away from treating symptoms, to the habits for creating a flourishing, happy, successful life. He also created the original research on learned helplessness. When you focus on what you’re aiming for, the problems become smaller in comparison, and you have more resources to tackle the problems with. The difference between being happy about life, vs. being happy about your circumstances. You can’t base life’s happiness on circumstances, because there’s a lot of external luck to that. Happiness is more a matter of being happy about your life and living in a way that’s congruent with your value system. Don’t be too attached to the outcomes or the score. Instead, take control over your own focus, attention, skills, and playing my best. Carol Dweck’s work on a fixed mindset vs. a growth mindset. With a fixed mindset, you aren’t an agent in your own success, and challenges become risks and threats.  With a growth mindset, you celebrate challenges.  Overcoming challenges and failures makes success and happiness that much more valuable.  We need challenges that push us to expand and create more comp...