Tax-Smart Financial Freedom

There are differences in the way the wealth is treated. Your capital is treated in an insurance policy and not in an insurance policy. One involves taxation, the other one primarily does not. That difference alone. All things being equal, even if there was a reduction in how fast your wealth grows in an insurance policy, the bottom line is after tax, what is the difference?

Your income is the banker's greatest wealth building tool. Let's just clarify that, because what never gets mentioned is that your money must reside somewhere. He has very strong opinions about where it should reside, but he's not describing who's controlling the use of the money. And so when you understand the problem, the solution matters to you. Unless they understand the problem, the solution just won't matter because their brain goes to comparison mode.