Kyle Fuller lost $6,000 early on and worried about bigger market losses later. He spent years researching and switched to permanent life insurance for protection and guaranteed growth, a strategy he's stuck with for a decade.
Questions this video answers
About $6,000.
About ten years.
Chapters
We're only talking, like $6,000 or something that was lost out of that. It's not like it was a ton of money to me. Working during high school, that was a ton of money. But I said, let's go into the future. If I was 58 years old, 62, 63, and this happened to me with a couple million dollars in there, are they going to tell me the same thing they told me at 19, which was, don't worry, you're young, you can afford to take some losses because you got time. And I'm like, well, what if I was 60? What are you telling me then? And so the whole thing just kind of freaked me out. And I just kind of stopped for a second and I just started saying, there's gotta be a different, more safe, secure way to systematically grow wealth. Something's gotta be out there, because this was just not the play. And it took me a few years, but eventually I found permanent life insurance, fell in love with that, the idea of protection, certainty, guarantees, and then here we are today, ten years later.