This is a conversational YouTube video (by Jayson Lowe) about using policy loans as a tool to build wealth in Canada. The speakers reframe policy loans away from the negative connotation of "loans" by describing them as accessing and repaying your own pool of money—advocating the idea of "becoming your own banker."
That's all a policy loan repayment is you're just replacing your pool. I think we get caught up on.
The term loan.
And then we get.
Lost in that term and we think oh it's such a bad thing because of what we are used to when we think about the.
Term loan. But it's not a loan if you change your perspective on it. You're literally.
Just accessing.
Your pool of money and it just.
So happens that.
You'Re taking out a loan against it. Rethink your thinking Canada. That's right loan is a problem because you're not used to being the banker and you hearing loan you go oh I got to make a payment and send money away from me. Well when you become the banker when you send the money back to your system you're going to send the money somewhere anyway. You may as well send it to your own system. Exactly. This is so ridiculously simple it's crazy. Have you.
