E66: Fundamentals of How to Fund a Banking Policy
Episode description
We discuss the basics of how to build and fund a banking policy from the start. Plus, we'll share real-world examples of how other people have funded their policies to help you understand what it could look like for you.
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How to Fund a Banking Policy Topics Covered:
- Starting with the simple questions to ask yourself
- Transitioning the money you're already setting aside
- Answering the common question of, "Do I need a lot of money to start?"
- Using Tax Refunds
- Using a home equity line of credit (HELOC) when you're home has a high level of equity
- 401(K) based loans
- Using lump sums and spreading things out
- Limitations and Modified Endowment Contracts in a nutshell
- The phases of building an IBC system
Episode Resources:
* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/