Why I Trust Infinite Banking More Than Real Estate

A lot of times you get, you get caught up in how can I use the policy. Right. But the fact that it's, it's life insurance backed, so just that alone is, is security on its own. And coming from being a saturation diver trying to get any type of life insurance. When I was a diver, forget about it. Yeah, it was basically impossible. And even if I could, it was very small and very expensive. And so when, when you and I first chatted and, and you, you know, ran through everything with me and you showed me what was possible, it gives you this peace of mind right off the bat. So ignore all the financial aspects of the uses and the fun stuff that you can do with that right off the bat. You know, I could walk out, walk out the door, get hit by a bus and immediately know that okay, my family's going to be taken care of from this point forward. So that's kind of ground zero with this policy. So when I do wheel out my whiteboard and start marking things down and boring some people to death, the very first thing that I say right off the bat is if I walk out today, slip and fall, that's it, my family is covered. And that is peace of mind. And that's really where it starts. And then we can get into the more complications of using it properly. But you're right, that's a very good point. Like that, that is, that brings peace. So we're talking to other entrepreneurs and other real estate focused individuals that are able to pull some good equity and then wondering what to do with that equity. You know, by, by really digging into these policies and remembering that the bottom line is you are a succession planning. So yes, you have a big portfolio and the portfolio is going to, you know, if you do it properly, could be pretty much tax free. If you're done it properly to hand down, you're still handing down a job. Right. So it's, it's not quite the same as the comfort of handing down, you know, a windfall of tax free money. You know, it, it's, yeah, that's a very good point. It's, it's, it's a whole other side of it, but it's super important really. I think speed of acquisition has changed quite a bit, you know, and, and when I, when I'm talking about speed of acquisition, I mean that I'm, I'm no longer in a big rush to put this money to use. Right. So when I pull out equity before, before up before the policies and before the setup and you're sitting on all this cash, you're just looking for the next deal really quick. Yeah. And maybe, maybe you're going to jump into something that you wouldn't have if you had the, the luxury of making money while you wait. Right. That's one of the big things. So it really takes that edge off a little bit. And having said that, there are some properties in my portfolio that have been those type of mistakes. But after you've worked and pulled, pulled those mistakes through, you're going to carry them on. So my, when I look back at my portfolio, I think to myself, well, I probably wouldn't have bought that if I had already had this policy going on and I wasn't in such a rush to get something right away to put the money back to work. You know, I, I would have, I would probably would not have bought. So, so that's a big advantage. And, and when you're talking about now with the interest rates the way they are, the interest rates, first of all, I want to say the interest rates are not that bad. We've had, we've seen much worse interest rates than they are right now. But where people think that they're bad is people have come in in the last five years, you know, and it was free money basically all over the place. What I say to those people in regards to the policy is that you can sort of balance out the volatility of the interest rates by using these policies to store your, store your funds, store your equity, get ready, ride out the wave, just make those decisions. So it's really just a nice way to take the edge off of being a real estate investor, if that makes sense.

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All of these, not all of these people, but a lot of people got themselves over leveraged. Yeah. You know, because everything was so cheap and you know, when you're buying things and you're over leveraging yourself and then even just a couple of points difference in the interest rates at time of refinance. So they're coming into a position, you know, where they've used private money or whatever and now they need to refinance. They're forced to either refinance or sell. And if you have four or five properties that you picked up over the last year because it was, you know, really easy to get money. And then you're coming to refinance. The bank might refinance one or two, but then they're going to start to say, okay, well, wait a minute, we just refinanced these two. It's getting more and more risky to keep going down the refinance. So they might be forced to sell rather than refinance. So really, I'm in a position right now where I'm, I'm starting to stockpile. So any, any equity that I'm pulling, I'm just holding and holding and holding. And not that you ever wish anything bad for anybody. Obviously you want everybody to be successful, but you still need to, you know, maintain your, your composure and weight because you know what's coming in the next year or two years. Well, the obvious one is to get these policies underway right off the, that, you know, that that's the main thing to, to, to make use of your money while your money is still working. That's. But you know, that, to me, that's, that's the game changer. So when I'm borrowing against my death benefit and I'm putting that money to work elsewhere and yet know that the money that I had to work to earn, because, you know, essentially, if you're working a job, let's say you're working a job, well, your people forget that that's actually a trade. So you're, you're trading your time for money. And so I break it all the way down. When I talk to clients or when I talk to, you know, I have a small coaching program as well, I break it all the way down and I start reminding them that you're trading your heartbeats, your limited heartbeats in your life. You're trading that for some sort of money. Let's say you work at McDonald's and I don't know what the wages, but maybe $12 an hour, you're making the decision, I'm going to trade one hour of my life, I'm one hour closer to death for $12. So that trade is so important that the last thing that you want to do is kill that $12. If you take that $12 and you pay a bill or you take that $12 and you buy a. Whatever you want to buy television, whatever. Not that you can buy TV for 12 bucks, but you get the concept. It's gone. It's gone forever. And so this policy and being an entrepreneur and getting in, you know, running down those roads My advice would be to get, start looking into this, get started on it right away, get it rolling and keep your, I call it your soldiers. Keep your soldiers alive by putting them into this policy. So even now, if I pull against my death benefit and I, you know, make the purchases, my money that I had to work for and trade, every heartbeat is still in there, still working, still doing the same. And so that, to me, that's the biggest advice more than anything. Because time, time is limited. You know, that's our one equalizer across the planet. No matter how much money you have and how wealthy you are or however poor you are, we're all limited by our lifespan. And that doesn't change for anybody. For now. Well, right now, really, my, my biggest concern is, you know, when you're doing your succession planning. So, so the biggest concern is how do I force them to, to also get the policy right. So I'm starting to look at other big families out there that are using this, the con, the same sort of concept and what they're doing generation after generation after generation. And so that's what I'm looking into right now is for me, it's one thing to get a big windfall, tax free windfall, but it's another thing just to blow it all and then that's the end, right? So when you're looking at my children and grandchildren, you know, on and on and on, every generation, I want to, I want to look into how to, how to expand that windfall, right, Rather than just cash it out. And that's it. So that's where I am right now. So to me, that's the important, the important aspect about it. It's okay, you can use it yourself and do everything you need to do and take advantage of your, you know, keep your shoulders alive and everything that we talked about. But how do I guarantee that the next generation has the head on their shoulders to do the same thing over and over and, and keep growing, right? It'll keep growing basically exponentially, especially if you use that windfall to, you know, purchase the next set of policies. Just imagine how big that is. And that's, and on and on and on. So for me, that's where I am right now is, is that's my worry. Not that it's a worry, but that's, that's my focus. Love that.

Absolutely love that. And it's transferring the, transferring the wealth mentality. That's one thing that, you know, we've really been, I think, emphasizing at every opportunity because clients often share exactly what you just described and how they're feeling, that sense of, okay, things are in place. And I know that this is going to transfer and we're just sort of shining a bright light on make sure you transfer the mentality along with it as well. And it's exactly that. That is a function of conversation time, educating, coaching. Like, I have my kids now sit in on meetings with me. So if my daughter's around, Charlotte or my son Jackson, who have both, you know, developed this, this deep interest in the business, I say just pull up. Pull up a seat and just be a spectator. I want you to see how I'm having conversations with people. I want you to hear the feedback, and I want you to be able to process it and have a discussion with me about it even at an early age. And so I encourage any entrepreneur watching this or, you know, listening to it. If you have kids, that's one thing that just often gets overlooked. Like, have them tag along.

Yep, exactly.

And watch what they learn. Because it's very rapid.

Yeah, it really is. And. And, you know, they. Both my kids, they. They're super excited about it. You know, that's. And I, I have them teach me. So I'll sit on the couch and I'll bring out the whiteboard, and I have them go through the whole thing and then maybe make a few corrections here and there and what they're saying, then you really see it, that they have an understanding about it. And I, I just like you. I am. I actually involve them in a lot of the transactions. So I show them what I'm doing. Why am I doing this? You know, I'll bring up the policies online. I'll show. I run them through the, the Excel sheets and the spreadsheets and look at, here's the daily amount and here's how much it changes and all of that stuff. And I work through that so that they can feel that excitement and feel the advantage of having this. And a lot of times, even with my clients going back to real estate sales, you know, with my clients, I would say that the only downfall now is that I have more confidence in these policies and that future than I do in real estate portfolio.