“Borrowing from a life insurance policy only makes sense if the rate the insurance company is going to charge you will be lower than what you would have had to pay somebody else to borrow the same amount of money.”Īnd by the way, whenever you borrow money always make sure that you can make more money than what you have to pay back for the loan, and if you can’t…don’t borrow the money. Making sure you can earn more money than what you have borrowed is called creating free cash flow this is important if you want to become your own banker. Free cash flow is far more critical to creating wealth than purchasing all the life insurance in the world. If you have questions about the validity of that statement, study Jeff Bezos, the founder of Amazon, and find out why he believes so strongly in free cash flow.
Here are some good reasons/circumstances where “Becoming Your Own Banker” may help you achieve your financial goals: That being said, never ever underestimate the power of owning and leveraging high cash value life insurance to become your own banker The Power of High Cash Value Life Insurance BE YOUR OWN WINDKEEPER BOOK PDF FREE
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