The speaker started Infinite Banking policies for their two daughters at $50 a month each, one at two months old and one at ten years old. The policies build a pool of capital the kids can borrow from for major expenses like school, a car, or a house, with repayment terms the family sets.
when my youngest daughter was born, we started policies on our girls and, and, and it wasn't a huge amount. So we just did, you know, we did $50 a month each because we just wanted to get started. And so our girls are 10 years apart. So when we started the policies on our girls, my youngest daughter, she was, she was 2 months old, and our older daughter was 10 at the time. But you know what, we didn't look at the older one and be like, oh, you know what, it's too late for you. We wanted to start where we were with what we could. And so at the time when we started this his first policy, it was $50 a month. And so now we have, you know, we have two systems started at the same time. And are they gonna look different? Yeah, 100%, right? My toddler has some more time to catch up to my older one. But the thing is, is that they were both started. You know, when it's time for them to go to school or when it's time to buy a car or when it's time to get married or buy a house, there's gonna be a pool of capital that we can access on our terms for them that they can pay back according to what we work out. If they don't go to school, then they can access that capital for whatever path they may take. It's not necessarily about starting big. It's sometimes it's just about starting. Want to learn more? Head over to learnwithjay.com. That's learnwithjay.com.
