Don’t Put Your Money in Savings… Do This Instead!

Season One; Episode Five

In this episode of the Save Yourself Podcast by Unlimit Wealth, the four founders discuss their financial strategies for attaining financial freedom for themselves and their clients. They propose thinking of capital as inventory that has to be stored strategically and discuss the benefits of keeping money in properly structured, dividend-paying, participating whole life insurance as a ‘distribution center.’ This strategy enables continuous compounding of capital in a tax-friendly environment while providing a line of credit. It’s likened to the operation of a warehouse or distribution center in a business model, where goods (capital) are kept for eventual profitable distribution. The conversation also touches on leveraging the savings by borrowing against the insurance policy and the importance of compounding.

00:00 Introduction to the Podcast
00:30 Understanding the Concept of Capital Residency
01:21 Relating Money to Inventory
02:34 The Concept of a Distribution Center for Your Money
03:09 The Benefits of Infinite Banking
03:47 The Analogy of a Distribution Center
09:21 Understanding the Importance of Compounding
10:15 Leveraging Savings and Borrowing Against Life Insurance
12:32 The Value of Having More Options
13:59 Conclusion and Wrap Up