32. Turn Your Life Insurance Policy into a Nest Egg With Infinite Banking with Ray Poteet
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Show Notes
Ray Poteet is the founder of Alpha and Omega Financial Services, which has recently been rebranded to Living Wealth, and uses the system of Infinite Banking. Using his concepts and financial products, he has provided countless homes, college educations, and retirement plans for families, bettering the lives and financial situations of people around the country.
EPISODE
Becoming your own banking system isn't just for the ultra-wealthy. Ray Poteet, founder of Living Wealth, has been helping people to stop paying high interest rates to traditional banks, and start earning that income back themselves through whole life insurance policies. Not only can you earn back your interest and principle, your money will also grow at a much higher interest rate than a savings account, locked in and guaranteed.
We Discuss:
- How Infinite Banking creates your own, personal banking system.
- Using your account for loans, and why you should want to pay high interest rates.
- The amount of time it takes to double your income, and how you can change that.
- Who can use and benefit from the Infinite Banking system.
LINKS & RESOURCES MENTIONED
The Tree of Wealth: How to Build a Legacy
Becoming Your Own Banker by R. Nelson Nash
Phil Town on The Optimized Geek
GET OPTIMIZED!
1) The first step in investing in any way is to determine what you can afford. Create a budget and decide what you can set aside for your account every month.
2) Create a contract with terms and conditions for any loans that you may give out to family or friends, it's important for them to understand that it will financially benefit them to pay it back.
3) Check out Ray's course called Lifestyle Banking. It's nine courses that breaks down Infinite Banking and allows you to contact Ray for a free hour webinar, at no cost to you.
THANK YOU FOR LISTENING!
As always, thank you for tuning in. Please feel free to drop by the website to contact me or leave a comment. If you enjoyed this episode, please share it!
-Stephan
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