Why invest and How to Optimize every Dollar
Description
Most people do very little strategic thinking about what investments they have or why they have them. They simply follow the herd or a popular investment newsletter that promises huge returns. In this episode I explain why residential rental properties are a cornerstone of my investment strategy and why I recommend you consider them as well. I get into specifically why I support these investments with infinite banking or family banking life insurance policies and show a couple of examples of the financial impact of doing so.
Highlights
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Why rental properties and hard assets?
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Impact of overall portfolio on wealth returns.
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Infinite banking: explanation and personal impact.
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Lessons from a rural upbringing and stagflation.
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Navy career and financial wake-up call.
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Control over money equals reduced risk.
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Maslow’s hierarchy of needs applied to investments.
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Direct vs. indirect investment risk.
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Differences between savings and investments.
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Borrowing against life insurance for investments.
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Infinite banking’s financial advantage demonstration.
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Differences in returns with infinite banking.
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Constructing an infinite banking policy.
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Whole life insurance vs. IUL and its implications.
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Accessing and contributing flexibility to policies.
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Scalability and contribution duration in policies.
Links and Resources from this Episode
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Connect with Gary Pinkerton
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