Richard Canfield explains what to ask when evaluating life insurance and financial products: how long you can pay premiums and how much you can contribute. He recommends thinking like you own your own bank to decide how much to allocate.
Chapters
The right question is, how long can I pay the premium for and how much can I put into it? It's not how little can I pay, and it's not how, how short of a period can I pay. It's how many years do I get the privilege and the ability to pay and how much can I get in there? So when you really understand and you go through our training, you go through our content, you get a chance to go through Nelson's book, you watch Nelson's documentary, you go through these amazing, incredible resources that are available, you do need to spend some time educating yourself, going through some of this, because it's going to set the stage for you to be asking the questions that are actually going to be relevant to your life. What are going to actually support and help you as you grow? And if you owned your own bank, how much money would you want to put in there? Would you want to put a little bit of your money or all of your money? If you own the bank, probability is you want to put all of it in there, right?