Becoming Your Own Banker | Debt Recapture
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- čas přidán 25. 08. 2024
- Imagine being able to achieve your dreams, buy the things you want, and still maintain your current cash flow. Does your family's income go towards interest payments on debts and you feel stuck? Ready to get started? CLICK HERE 👉 www.ascendantf...
Discover the power of recapturing interest and using participating dividend-paying whole life insurance as a tool to take control of your money and use it as your own bank. Learn strategies to deploy capital and create a financial tailwind that pushes you ahead financially today!
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🤔 ABOUT BANKER’S VAULT 😃
We are a financial education business committed to empowering you with the knowledge you need to create generational wealth.
Let's start with radically changing your financial situation first.
Let’s face it, you weren't taught anything in grade school on how to manage or grow your money.
Banks and other financial institutions rely heavily on your lack of education to make a profit.
You want the control in your hands instead of an institution that is more concerned about their bottom line than yours?
We have the solution here and we want to teach you how to rethink your money paradigm.
We believe in the importance of leading with education and providing good guidance at every stage of your financial journey. For our clients, that means promises kept and financial peace of mind.
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Introduction to Becoming Your Own Banker
© 2023 Ascendant Financial Inc. All rights reserved.
The supporting material, audio and video recordings and all information related to Introduction to Becoming Your Own Banker, The Infinite Banking Concept posted on ascendantfinancial.ca and all other Ascendant Financial Inc. websites are designed to educate and provide general information regarding The Infinite Banking Concept and all other subject matter covered. It is marketed and distributed with the understanding that the authors and the publishers are not engaged in rendering legal, financial, or other professional advice. It is also understood that laws and practices may vary from province to province and are subject to change. All illustrations provided in these materials are for educational purposes only and individual results will vary. Each illustration provided is unique to that individual and your personal results may vary. Because each factual situation is different, specific advice should be tailored to each individual’s particular circumstances. For this reason, the reader/viewer is advised to consult with qualified licensed professionals of their choosing, regarding that individual’s specific situation.
The authors have taken reasonable precautions in the preparation of all materials and believe the facts presented are accurate as of the date it was written. However, neither the author nor the publishers assume any responsibility for any errors or omissions. The authors and publisher specifically disclaim any liability resulting from the use or application of the information contained in all materials, and the information is neither intended nor should be relied upon as legal, financial or any other advice related to individual situations. Any mention of premium deposits is actually referring to premium payments. If any content creator uses the word "deposit(s)" it was done in error if they are speaking about the premium payment(s).
The Infinite Banking Concept® is a registered trademark of Infinite Banking Concepts, LLC. Ascendant Financial is independent of and is not affiliated with, sponsored by, or endorsed by Infinite Banking Concepts, LLC.
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What do you believe is the biggest benefit you'll get from becoming your own banker? Comment below!
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I’ve watched tons of overviews and even started a small policy to get my feet wet. This is one of the easiest to understand explanations I’ve seen. Thank you. Keep up the great work!
Wow was that ever good. Took 4 pages of great notes. The detail brought to serving your clients is so voluminous, it’s hard to even express the education I get from this channel. The break down detail was so clear and easy to follow on this video.
I really liked Sarbloh’s: “The policy is designed to maximize your behavior.” And of course, a key component; “The best thing you can do is Convert those liabilities into Assets.” ……..That Asset is a Stream of Payments back to that system you’ll own and control. 🔥👍
Thanks JJ
How do we calculate the daily growth in our policies?? Is it the cash value minus the cash value from the day before.
Hi Neil, we capture Cash Values (combination of Cash Values of paid up addition and Guaranteed Cash Value) over 2 consecutive days and subtract later from former to get daily growth.
Premium financing it is say Yoda. Should call it that. Love your content.
Absolutely great explanation! Laid out the fundamentals. Incorporated the concept into real life scenario. Great approach. I now have a fuller overstanding. Thank you.
Balance transfers to policy loans. You are now making premium payments & policy loan payments. Uninterrupted capital growth happens regardless of loans. Only leverage exist when lower interest between loans. The only recapture is delta between loans.
Where did the $40k come from when creating and backdating the policy? Was that borrowed or did they have this in savings? What were the costs involved there?
In this case - it was using their savings.
Nugget Bombs!!! The whole video was bombarded with nuggets that blew my hair back. (you can see the impact by my hairline. lol )
👌👌👌👌👌👌
If trading 3% mortgage interest for 6% policy interest, maybe not. Interst rate is part of TVM formula so its real. No , IBC is not about chasing investment return rates but its never not a factor in the math. DB & uninterrupted capital are the jewlels.
They put $180K of their own money in.
So one question. Why keep the additional money in a segregated account instead of immediately applying it to the car loan?
That definitely was an option for them and other options were - use those funds to pay back policy loans or to start new policy(s). They chose to have a separate account - for the ease of transactions.
@@sarblohgill2439 I still don't understand they have dead money just sitting in an account when they have a LOC ticking interest. Putting the money there would improve the cash flow situation