If you're wanting to see how to "Become Your Own Banker" and take greater control of your money, you can setup a time to speak to one of the IUL Specialists we work with directly here: 3dimensionalwealth.com/getstarted
The current market buzz certainly offers a fascinating viewpoint. It's quite startling to witness such bold predictions about the future trajectory of certain cryptos and stocks. The fervor around AI and the robo-taxi concept appears to be inflated. Amidst this, it's essential to keep one's feet on the ground and not be swayed by these forward-looking statements. My strategy in this climate has been to trade judiciously, secure profits, and I can't praise Antonia White enough for her stellar work in analyzing charts, trades, and techniques. Her expertise has been instrumental in expanding my portfolio to a whopping $247k in just 9 weeks. I would highly recommend her to anyone looking to grow their investments.
Making money is not the same as keeping it there is a reason why investment aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. Well at least my advisor does lol.
This superb information, as a newbie it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro advisor?
@@tonyclampotteNot at all, having monitored my portfolio performance which has made a jaw dropping $567k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I’ve ever made in my life.
@@tonyclampotteI'm trading with Expert mrs Kathleen Susan, a regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously I'm seeing the results.
I'm starting late in life, never had any savings or assets. I wanted to purchase a multi family unit and try making it that way. I found this video and was amazed by the way you break it down into digestible pieces. Subscribed and followed!
I appreciate the insights... It's great to see a comprehensive series covering different strategies to accumulate a million dollars. I'm hearing more talks of using insurance companies and not banks. I'm particularly intrigued by the concept of becoming your own banker and achieving 100% returns. Learning how to take control of our finances and potentially generate significant returns is valuable information. I'm excited to dive in and explore this strategy further. Thanks Doug!
I just realized my life insurance is an IUL. I didn't know that you could put money into those accounts 🤯. I need to watch more videos to find out more!!
It makes sense to borrow money as Index loan and keep your IUL asset as collateral but the bigger question is having a big chunk of money the IUL to do some real business. Accumulating 1 Million takes entire life time for most average people or even half million. So having 200k in IUL u can’t do much business
I have challenged myself to put away 50% of my monthly income into stocks which is quite easy since I live frugal without debt. I work as an account executive, and make over $20000. $10000 goes into dividends, and the other $10000 covers my my food plus living expenses. I am seeing improvements in my portfolio, dividends look certain, but I have to attribute this to only to guidance of a licensed fund manager who allocates funds to a plethora of assets. I have to stay disciplined, and remember that I’m in it for the long term. Just got my first property and hopefully looking to get another down the road. Good luck to everyone and thanks for the great video.
I'm going to have to get this book Would love to start using this method instead of the banks, which does nothing for me. Thank you for this information Can't wait to start
Doug, you are missing what is going on right now in the economy and in the world. This is the only time in history when the increase in the worldwide death rate is up anywhere from 11% to 35%. I was recently looking at buying a residence in Canada, and had a realtor sending me all of the new listings. Every single one of them was vacant. Vacant home sales happen due to foreclosures, or landlords cashing out, or........... estate sales. The death rate has climbed so high that the estates of the deceased are selling off those properties. So what does that mean for the life insurance business that you are saying we should invest in. Their death claims in North America are up over 40%. That is not something that the actuaries accounted for. So you go ahead and put your money in the Universal Life policies and just watch your money disappear. Just stop urging others to do the same.
Jeff, I had the same thoughts! In addition to the death rates many of the insurance companies did the same as the banks and sunk money into long term US treasury bonds that are now significantly down for projected returns. Not a good time for Insurances! Hard Assets.
Jeff, the value of this video is understanding the concept and not the recommendations. As you rightly said follow your own guts and understanding, at the same time replace the outdated concepts with the most upto date concepts and strategies.
Great video.. you just inspired me to cut the middle man and just invest in low cost index funds myself and save 1-2 percentage compounding fee by avoiding an insurance company.. again thanks
Hello Doug, I agree on everything your teaching on this video. I too advise my clients on how to max-fund their IUL policies, the only questions I have for you is this…. Which insurance carriers offers an uncapped IUL product? All the carriers I write with has a Cap of 9-9.5%, with that Cap on the market indexed no way they can earn a 20+% return annually like your clients. Pls advise! Thanks
@@lifeofgerardine There is a threshold you have to reach before your earnings are accounted for. For example a threshold of 8% means your returns are calculated after the strategy achieve 8%. So if the uncapped earned 30% you would net 22% and if the uncapped earned 10% you would only net 2%.
@@lifeofgerardine in some instances. NW has amazing per unit and fee structure and has some pretty good uncapped indexes. Just have to look into each policy
😮 🤯😔 wish they taught us this in school or my life insurance agent 🤦♂️ OMG thank you so much kind sir. I will pass this knowledge on forever!!! I need that 📕
And how does one "magically" get to $1 mill? $5000 per month is out of reach for most Americans. 5k a month is equal to $60 thousand a year saved. Which means you are most likely making around $150,000 or more, per year, to save this amount.
Let me get this straight. I start with $1MM in an IUL account. I then, ahem *borrow*, $1MM from that account to buy real estate. My net balance in the IUL is now $0, yet the insurance company is going to pay me the index rate, 25% in your example, not on my $0 current balance, but my original balance of $1MM? I’m completely sold on this idea. Where do I sign up? Just so you know, I’m not going to buy real estate. I’m going to borrow $1MM then put it back into my account so I get paid interest on $2MM. But wait. I’m then going to borrow against my $2MM, put that money back into my account, then earn interest or the index rate on $4MM. In fact, I’m just going to continuously do this. Eventually I’ll just bankrupt the insurance company using their own money. I don’t even need to start with $1MM. I can start with $1. Obviously I’m not going to do this because your video is abject nonsense. Insurance companies would be subject to this kind of arbitrage and they would not exist. No one pays interest on a nonexistent balance. Just like we do not pay banks or credit cards interest except on outstanding balance, not original balance. Good God , man, stop lying to the poor masses!
Would love to see that illustration:-) the gtd side, the illustrated side and the actual return over 10 years. And even better, run it on an older client and show me the actual returns after 70. Def agree with leveraging a life policy but can’t understand how you can even begin to make these statements on an iul.
Hello Doug. This sounds great. I wish I knew about this 20years ago. I'm 49 and plan to retire at 60. With less than 500k. How can I make that 1million in 11 yrs? Or is it possible.
It is possible, you just want to make sure you first sit down and talk with someone who is currently an Infinite Banker and has taken a loan from their whole life insurance policy for at least $850K and loaned that money with interest to an LLC that they own and the LLC has used those funds($850k) to invest in Real Estate and have seen that investment pay back to the Infinite Banker which is yourself and they use some, not all of the payment they have received to pay back toward the policy loan. Also make sure when you sit down with an insurance agent you tell them you only want to set up a 60/40 split HECV whole life policy. This is the ideal policy for you to be an Infinite Banker. I hope this helps you get down the road to never being a slave to the bank again.
Let me help you. Ignore everything he said in this video. It is nonsense. Take a course in college or online for personal finance. It will do you much more good.
🙏 Thank You So Much Financial Master Doug Andrew for your honest financial investment advices for many greenhorns like us out there! Many Happy Good Blessings in Return to You! 🌷🌿🌎💜🕊
Doug I have a question in order to become your own banker how much do you have to have in cash or whatever to get started I mean for the average person would it be $500 or a $1000 or answer how much do you need, Also do you have to be an insurance agent in order to do this or can you do it on your own through someone else once they get you in get you started or rather can you do-it-yourself?
Hi Gwen, you can started with as little as $500/month. Keep in mind, if you’re going to try banking you’ll want more capital than that, but at $500/month you can do it at a small scale. It is very important that you work with a licensed and qualified individual who understands these concepts. If you would like to explore your options with an IUL Specialist we work with, book a time here: www.3dimensionalwealth.com/getstarted
I really appreciate your knowledge and advice. I am in South Africa. How does one access this Max Funded indexed universal life insurance contract if you are in Sourh Africa? Do you know any institution that offers this contract in South Africa?
I love these get rich quick videos, by the way you know the banks don’t need your money to make money right? They can create assets on their own balance sheet without any reserves, this is why the M3 money supply is so many times bigger than the M0
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Hi: I’m wondering how this would apply to us living in New Zealand? So much of this type of advice and training has very little applicability to us living in New Zealand.
I’ve been thinking about an iul insurance company for here now what I do not know which one to join is there anyway you could recommend ,appreciate thanks for the knowledge well said
Go to 3dimensionalwealth.com/getstarted to learn more! By meeting with an IUL Expert, you can determine for yourself how the LASER Fund strategies will work for you and your particular set of circumstances.
I guess this only works in the US because the legal/financial dispositions allow it. Not sure at all such a strategy is also feasible in, say, the EU...
you got me sir ! i'm just starting my financial journey, to take care of my family for generation ahead as i see where the world is going to. thanks for the valuable information, i have 1 question if you may, is this working only in the US? i'm from Israel, can i open a fund like this as a foreign citizen ? thank you again.
I live in Spain, is there such a IUL policy here do you know? not yet done the research on that as i just stumbled across your channel. great informative content.
That’s why we started an insurance company and we offer 24%+( more for higher investment amounts) per year to clients. Operating as a bank is not that interesting as there’s too much regulation and costs forgotten in this video. Banks do not go into real estate as that’s often not allowed by law. Banks only borrow you other people’s money when you actually don’t need it.
Be very careful with choosing a UIL. Most active Infinite Bankers who lend large amounts to a LLC they own will give you very powerful insight on the proper structure at start, the 60/40 split HECV whole life policy is truly what you maybe looking for so ask around to people who have this structure and use it with at least $850k in the policy loan amount, reason being is they can share with you valuable knowledge that may help you get from the $80k level to the $800k level. Hope this was helpful.
I am very new at this and I am a little overwhelmed. One question I have is when you start a life insurance policy, can you borrow on it right away or do you have to wait while I invest more money into it? Please straighten my thoughts on this out.
If set up properly the answer is within 30 days. Keep in mind it helps if you are talking to a person who taken a loan from the insurance policy of at least $850k to use as an infinite banker and lend that money out to an LLC that he owns. Especially if the LLC is in a trust and then technically he doesn't own the LLC he just controls it which is the ideal structure because then the assets is the LLC belong to the Trust and is fully protected from any potential lawsuits that may come against the insurance policy holder like if he hits a cyclist with his car on accident. These things happen in life and you want to have full legal protection for all your investments and assets.
