Warren Buffet has some advice on saving. We listen to what he has to say and discuss it.
Savings is the foundation of building wealth. If you can keep your savings earning a return while you also use it to buy things, you can grow wealth even faster.
Listen and discover how to grow wealth.
Go here to get the Infinite Banking Made Simple Binder for free: https://mcfieinsurance.com/
Follow the Wealth Talks Podcast on:
Facebook: https://www.facebook.com/profile.php?id=61554798231074
Watch the Wealth Talks Podcast on: YouTube: https://www.youtube.com/@wealth-talks-podcast
A common question we get asked is, can I start Infinite Banking with a Lump Sum?
The short answer is: Yes
We find that what most people are really asking with this question is, Does it make sense to start Infinite Banking with a lump sum?
A detailed answer will take into consideration the specific amount of the lump sum, personal details, as well as rules and regulations that will apply to you, and will tell you not only if it is possible, but if it is profitable.
In this episode we share examples and scenarios that we've designed and observed, where people have funded Infinite Banking policies with lump sums of money. This will help you understand the process better.
When people think about saving money to get ahead financially, they often think about a qualified plan.
Unfortunately, qualified plans have not been all what they were cracked up to be, and today people are saving less than, before they were introduced to “help people save more”
Savings have become an after thought for many people today. In reality, savings should be treated with as much urgency and importance as your house payment, car payment and other expenses.
It is easier to save money when its is not locked away behind early access penalties. Its easier to save when your savings are growing for you. Its easier to save when you know you can access your savings to finance opportunities or needs in your life.
This is what we help people do, and what we discuss on the podcast this week.
Go here to get the Infinite Banking Made Simple Binder for free: https://mcfieinsurance.com/
Follow the Wealth Talks Podcast on:
Facebook: https://www.facebook.com/profile.php?id=61554798231074
Watch the Wealth Talks Podcast on: YouTube: https://www.youtube.com/@wealth-talks-podcast
People are not saving enough for retirement.
People who are saving, are not saving in the best places.
This is creating a lack of funds in retirement, and often a need to go back to work later in life. Neither of these are good options.
We help people plan for and fund their retirement in a non conventional way. This allows our clients to have the freedom to progress financially even in retirement, rather than having to retire to a less and diminishing amount of income.