Richard Canfield explains how reasonable expectations about your financial future can change what you do today. Taking on slightly more debt now or starting policies earlier gives you extra years of dividend accumulation and faster capital replenishment.
Chapters
You can now think through that experience of what that future looks like and if you know that that's going to happen and it's reasonably known, I mean you can't 100% predict the future but you can be very reasonable about what's a high probability likely occurrence. And then you could start changing things that you do today based on that reasonably known outcome including the way you think about funding your system. Maybe you might owe on your system a little bit more today because you know that in three years because you started earlier you got that next policy. Let's just say now in three or four years you're going to actually start replenish finishing the pool. But you didn't have to wait. You gained three extra years on the back end of your life, three extra dividends that are building up over time. I'm not suggesting that everyone would go about doing that but it's a thinking exercise because Nelson taught us it's all about how we think.