This content was created by Richard Canfield. This content was uploaded by Richard Canfield. This is a YouTube video titled "Build Equity with Policies" featuring Richard Canfield discussing the comparison between building equity in insurance policies versus real estate, and sharing his personal experience with borrowing to maximize policy contributions.
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When you look at the amount of time that it takes to build equity in a policy versus building equity in real estate, if you were to think about this is something that I thought of when I first got involved in real estate. So if property values go nowhere for 25 years, at least you've got some pay down. So you've got some equity building up just from your rental partners, your customers, your tenants, some people call them. They're helping you to pay down that mortgage over a number of years. It's a little different here, because you're not necessarily borrowing the money to build equity in your policies, although you can. I borrowed money to max out my contribution room and my policy, and some of that is starting to pay dividends now, because it's been seven years down the road here. This policy is in a position now where it could self fund.