How Do Millionaires Build Wealth Using Life Insurance

How do millionaires build wealth using life insurance? In this video, I'll show you the three marbles of wealth-building under a tax-free umbrella so you can also build wealth using life insurance.
To your abundance!
Doug Andrew
Key Moments In This Episode
========================
00:00 Intro & Summary
00:34 The secret
03:14 Key elements
06:27 Three marbles
11:09 Tax free cash cow
14:38 Connect the dots
17:11 FREE Copy
What To Watch Next
========================
How Safe Are Insurance Companies To Put Money Into?
• How Safe Are Insurance...
Did you love this video?
Want to learn more wealth and life empowerment lessons from Doug?
Here are some next steps!
========================
How to Diversify and Create the Foundation for a Tax-Free Retirement
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How to Lead Your Family/Business from “ME” to “WE”
entitlementabolitionbook.com/
Visit Doug Andrew’s website:
dougandrew.com/
Music
========================
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Music provided by Vlog No Copyright Music
Video Link: • LiQWYD - Glow (Vlog No...
========================
Video by Nate Woodbury
BeTheHeroStudios.com
/ natewoodbury
#DougAndrew
#3DimensionalWealth
#AbundantLiving

Пікірлер: 284

  • @piotrskutnik8472
    @piotrskutnik84722 жыл бұрын

    This is unbelievable. Great and life-changing Advise, literally :) Thank you Mucho!!

  • @stevencsimmons8376
    @stevencsimmons83762 жыл бұрын

    Doug your Videos are awesome and thank you for sharing this Financial Knowledge.

  • @StealthyNomadica
    @StealthyNomadica Жыл бұрын

    Douglas, you are simply amazing! God bless you!

  • @doncorleyone
    @doncorleyone2 жыл бұрын

    Million dollar advice for $ free.99! Thank you Mr Andrew!

  • @garryarmstrong8460
    @garryarmstrong84602 жыл бұрын

    Great stuff, thank you for sharing.

  • @teddypgray
    @teddypgray2 жыл бұрын

    It took a while for you to get there, but you clicked the switch and turned the light on in my brain right at the end when you said that's how you become your own banker.

  • @natherahkarim7146

    @natherahkarim7146

    2 жыл бұрын

    Policyawkhilangkanhilangkankepercsysaan. Polisiawkhancurkansebuahperhubunggan. Polisiawkhancurkanmasadepananakanak

  • @nanbietribe2913
    @nanbietribe29132 жыл бұрын

    Thank you for the knowledge

  • @callme_nickey
    @callme_nickey Жыл бұрын

    Hey, you are an amazing person!! Thanks for the information 😌

  • @johnrapp493
    @johnrapp4933 жыл бұрын

    Great stuff !! Good work Doug.

  • @NorseMan633
    @NorseMan6332 жыл бұрын

    Doug, great information here ! Thanks for sharing !

  • @vazsandiego9693
    @vazsandiego96932 жыл бұрын

    Lol I’m an AZ in the Navy aka Aircraft Logbook Clerk and I love how you used the analogy of what is generated to create lift of an Aircraft; we learn this information to receive our qualifications and I wish the Navy would adopt your version to financially educate Sailors & Marines because it’s identifiable and correlates with what we do and it would knock two birds out with one stone.

  • @cogcog312
    @cogcog312 Жыл бұрын

    Wow. Great learning here.

  • @rumbymushonga2815
    @rumbymushonga28152 жыл бұрын

    BOOOOOM!!!! 2022 is turning out to be great. Compound interest information I'm taking this to the bank. The best video on KZread ... subscribed.

  • @LuxeprivaeMedia

    @LuxeprivaeMedia

    Жыл бұрын

    The best info isn't on KZread...🎤

  • @natarajrangayana
    @natarajrangayana Жыл бұрын

    Wow! Great info Thanks

  • @davidsantana3043
    @davidsantana30432 жыл бұрын

    Wow my man! This was amazing!

  • @daddyrandom
    @daddyrandom Жыл бұрын

    Thank you.

  • @TalktoSueAnn
    @TalktoSueAnn Жыл бұрын

    Thank you for the very simple explanation. Thanks!

  • @missedfortune

    @missedfortune

    Жыл бұрын

    You are welcome!

  • @DiscovertourshawaiiLLC
    @DiscovertourshawaiiLLC2 жыл бұрын

    Great video. Glad you explain things in a few ways

  • @missedfortune

    @missedfortune

    2 жыл бұрын

    Thanks for tuning in!

  • @dailstancill720
    @dailstancill7202 жыл бұрын

    Super presentation!

  • @60sgal99
    @60sgal99 Жыл бұрын

    Thank you for your informative videos and your free book offer. I'm in my 60s and you know just hearing this from time to time your videos are really getting it into my head. This is probably the best place for my money. 😊

  • @saulgmez2839
    @saulgmez28392 жыл бұрын

    I’m 17 and I’m learning so much thanks

  • @missedfortune

    @missedfortune

    2 жыл бұрын

    Glad to hear it!

  • @mastermindrational1907
    @mastermindrational1907 Жыл бұрын

    Um…this is incredible. Thank you for this.

  • @missedfortune

    @missedfortune

    Жыл бұрын

    You're welcome!

  • @rafaelagarcia8309
    @rafaelagarcia83092 жыл бұрын

    Awesome... review....

  • @brucelaurenestuckey3832
    @brucelaurenestuckey38322 жыл бұрын

    Thanks for this information!

  • @missedfortune

    @missedfortune

    2 жыл бұрын

    Glad it was helpful!

  • @investalink9946
    @investalink99462 жыл бұрын

    Brother this is one of the best videos I've ever seen. Thank you for the priceless knowledge.

  • @missedfortune

    @missedfortune

    2 жыл бұрын

    Thank you!

  • @blakepokley7

    @blakepokley7

    Жыл бұрын

    you may want to read an article by The White Coat Investor called "Debunking the Myths of Whole Life Insurance" (would post the link, but i can't)

  • @ReneeJohnsonakaRaeJ
    @ReneeJohnsonakaRaeJ2 жыл бұрын

    Woooooow! I just subscribed to your channel! I’m going to need you Andrew sir!

  • @missedfortune

    @missedfortune

    2 жыл бұрын

    Welcome aboard! Thanks for tuning in!

  • @blakepokley7

    @blakepokley7

    Жыл бұрын

    you may want to read an article by The White Coat Investor called "Debunking the Myths of Whole Life Insurance" (would post the link, but i can't)

  • @yinglee5480
    @yinglee54803 ай бұрын

    Thanks for the Info !

  • @missedfortune

    @missedfortune

    3 ай бұрын

    You bet!

  • @michaelmatos5161
    @michaelmatos51613 жыл бұрын

    Definitely buying this book!!!

  • @missedfortune

    @missedfortune

    3 жыл бұрын

    Great! You can get it for free with just the Shipping/handling: laserfund.com/free

  • @Blu21st
    @Blu21st2 жыл бұрын

    Thanks

  • @reginahnyoike2677
    @reginahnyoike2677 Жыл бұрын

    Wow, great insight there. i will be your student .You have really inspired me sir.

  • @missedfortune

    @missedfortune

    Жыл бұрын

    Great! Grateful to have you with us!

  • @lakuinajadulu1532
    @lakuinajadulu1532 Жыл бұрын

    Thanks for add Indonesia subtitle

  • @MalluStyleMultiMedia
    @MalluStyleMultiMedia Жыл бұрын

    You’re full of energy

  • @theentrepreneur8548
    @theentrepreneur85482 жыл бұрын

    Weight = Taxes/Inflation Lift = Compound Interest Thrust = Tax Favored Drag = Safe deposit Leverage

  • @hadassahjacksonchannel6971
    @hadassahjacksonchannel69716 ай бұрын

    Thank you

  • @missedfortune

    @missedfortune

    6 ай бұрын

    You're welcome

  • @RajkumarKarthikeyan
    @RajkumarKarthikeyan2 жыл бұрын

    Great video!Which company paid 60% interest in 2021 and which index?

  • @joanhaynes3797
    @joanhaynes37972 жыл бұрын

    Thanks Doug....I have the book...I read some of it but I'm going to pick it up & study & finish reading it. when will you be doing webinars & seminars? ...I want to attend.

  • @mesuoefeurhievwe9677

    @mesuoefeurhievwe9677

    Жыл бұрын

    Hi Joan! Do you have an IUL set up?

  • @Paddickvanzyl
    @Paddickvanzyl2 жыл бұрын

    Hi Doug thnx for awesome info any ideas on how i can get same product in South Africa?

  • @LAMLife
    @LAMLife Жыл бұрын

    Dropping GEMS!!!!

  • @missedfortune

    @missedfortune

    Жыл бұрын

    Indeed! Thank you!

  • @swizzlepop5323
    @swizzlepop53232 жыл бұрын

    This video was fucking awesome excuse my language, but you feel the energy!✨

  • @btpuppy2
    @btpuppy22 жыл бұрын

    Can you utilize this if you already have a standard life insurance policy (pay into every month and the cost to you goes up with age with no increase in then policy amount you originally bought). So like are there questions that are asked when you are opening one of these like “do you have any other life insurance policies”? How should you answer? Ah, the trick questions that come up…

  • @robenalba3708
    @robenalba3708 Жыл бұрын

    bravo

  • @tootsiefrootsie31
    @tootsiefrootsie312 жыл бұрын

    Hi, What is the best company to go with for life insurance?

  • @johannees622
    @johannees622 Жыл бұрын

    Blew my mind. Had to watch the video twice. This is almost too good to be true.

  • @blakepokley7

    @blakepokley7

    Жыл бұрын

    that's because it is

  • @blakepokley7

    @blakepokley7

    Жыл бұрын

    you may want to read an article by The White Coat Investor called "Debunking the Myths of Whole Life Insurance" (would post the link, but i can't)

  • @johannees622

    @johannees622

    Жыл бұрын

    @@blakepokley7 I will look for it and watch it. Thank you!

  • @jasonpitt6503
    @jasonpitt6503 Жыл бұрын

    I like how the biggest selling point is that you can use your money with a 5% penalty to earn a lot of money on good investments completely unrelated to the insurance policy.

  • @larrytroupe7236
    @larrytroupe72362 жыл бұрын

    Lightbulb moment at 10:33 separating the equity

  • @thomascrossjr569
    @thomascrossjr5693 жыл бұрын

    You are definitely helping me succeed in this industry that I’m growing to love ❤️

  • @missedfortune

    @missedfortune

    3 жыл бұрын

    Awesome! Keep going and I hope I can continue to help! If you are a professional trying to help spread this education, please come check out our new platform for advisors: iulinsiderpro.com/training-registration

  • @rebeccaconaway4533

    @rebeccaconaway4533

    2 жыл бұрын

    @@missedfortune I hope the seminar runs again because I'm committed already and I would love to be able to be there.

  • @louisnikiforidis366

    @louisnikiforidis366

    2 жыл бұрын

    Hi Doug Thanks for info Are there a good number of insurance companies that offer this product?

  • @thomascrossjr569

    @thomascrossjr569

    2 жыл бұрын

    @@louisnikiforidis366 I know one of the companies that he has utilized in the past is one that I represent 😉

  • @louisnikiforidis366

    @louisnikiforidis366

    2 жыл бұрын

    @@thomascrossjr569 where would I find the name

  • @lizwilkerson9048
    @lizwilkerson9048 Жыл бұрын

    The LASER Fund is an excellent book and a must read!

  • @missedfortune

    @missedfortune

    Жыл бұрын

    Thank you Liz!

  • @KA-or8mv
    @KA-or8mv Жыл бұрын

    Does this LASER rule also apply to life insurance policies on an international market? Or would one need to understand the tax laws in their country? Also, can a non US resident buy life insurance policy in the US?

  • @asar1583
    @asar15832 жыл бұрын

    I already knew how great life insurance can be but there is definitely levels to everything because this just blew mind. 1. I am definitely going to put this into play. 2. I had to hit that subscribe button lmao

  • @blakepokley7

    @blakepokley7

    Жыл бұрын

    you may want to read an article by The White Coat Investor called "Debunking the Myths of Whole Life Insurance" (would post the link, but i can't)

  • @lateishaclements

    @lateishaclements

    Жыл бұрын

    @@blakepokley7 Interesting, if one uses Whole Life Insurance as an investment, because I agree 100% its not an investment and most importantly, should not be used as one.

  • @LuxeprivaeMedia

    @LuxeprivaeMedia

    Жыл бұрын

    @@lateishaclements Are you licensed or just giving your opinion?

  • @lateishaclements

    @lateishaclements

    Жыл бұрын

    @@LuxeprivaeMedia when you asked if I’m licensed, l don’t think l understand your question, sorry. Licensed in what?

  • @taggmanibanez
    @taggmanibanez Жыл бұрын

    How is a promise to return money able to collect interest. And at what point of deposit into the policy, does it kick over into an interest collecting on the FULL policy. Does this start upon immediate activation of the policy? Is this working like, whatever you've put in you can take back out and they will still pay you interest even though it's not there??

  • @deightonwilliams6792
    @deightonwilliams67928 ай бұрын

    Good video

  • @missedfortune

    @missedfortune

    8 ай бұрын

    Thanks

  • @perryd43
    @perryd432 жыл бұрын

    Thank you for the very informative post neighbor. Question..... where do I sign up for this insurance?

  • @missedfortune

    @missedfortune

    Жыл бұрын

    Hi Perry, you can request a time to speak to one of the IUL Specialists we work with here: www.3dimensionalwealth.com/getstarted

  • @blakepokley7

    @blakepokley7

    Жыл бұрын

    you may want to read an article by The White Coat Investor called "Debunking the Myths of Whole Life Insurance" (would post the link, but i can't)

  • @nickwing6194
    @nickwing61943 жыл бұрын

    This is a great video. I have always wanted to know how millionaires used life insurance to build wealth and to protect their wealth I have always wanted to know where billionaires keep their money. Also where celebrities keep their money.

  • @jhyppolite1009
    @jhyppolite10093 жыл бұрын

    I share it on My Facebook page great information thanks Sir stay bless

  • @missedfortune

    @missedfortune

    3 жыл бұрын

    Thanks for sharing

  • @wjg203
    @wjg203 Жыл бұрын

    Hi Doug, I'm interested but don't know if South Africa have this insurance product you referred too. Please let me know.

  • @rickreallysthespeakeasy5424
    @rickreallysthespeakeasy54242 жыл бұрын

    Great video!! Im already 43, and don’t have millions yet, and am wanting to build as much as I can, and maximize the little I do have. Would I have to put a lump sum, or is there a policy you can keep funding (like an insurance policy), but adding more if it is a better month, financially?

  • @danielrivera9788

    @danielrivera9788

    2 жыл бұрын

    You can do either one.

  • @jarrett728

    @jarrett728

    2 жыл бұрын

    i sell life insurance. universal life insurance policies usually have a minimum you can pay. many people quite often overpay and in some cases stop paying it because they have put a good bit in.

  • @aliitoanansen4537

    @aliitoanansen4537

    2 жыл бұрын

    Hey Rick has anyone helped you yet? I’m a licensed professional and can help you. Let me know.

  • @blakepokley7

    @blakepokley7

    Жыл бұрын

    you may want to read an article by The White Coat Investor called "Debunking the Myths of Whole Life Insurance" (would post the link, but i can't)

  • @tommy2560
    @tommy25602 жыл бұрын

    The problem with Doug's view is millionaires use life insurance to accumulate wealth after they find a way to create large cash flow for their business and make generational wealth. In order for life insurance to work as what Doug said, you have to max fund it and typically you can't see the returns after 15 years because of huge fees. If you are already making large cash flows and you already have wealth in business, waiting for 15 years to preserve money that you already have at a decent rate isn't a bad idea. But for average Americans who do not have millions right off the bat, life insurance really doesn't make you rich in the first 10, 15 years. Furthermore, even if you wait until the money grows enough and until then you take a loan, without knowing how to generate consistent cash flow, without knowing how to run a business, you would just spend those money for unnecessary spending. All the examples Doug used in the video, Walt Disney, JC Penny, they all had run a business already while holding or starting a life insurance policy. That's just not the case for Americans who just get started. At the end of the day, infinite banking won't bode well for you if you don't know how to spend money.

  • @blakepokley7

    @blakepokley7

    Жыл бұрын

    yep, mixing insurance and investments is EXPENSIVE (meaning lower returns than if you went with term and investing in normal investment accounts)

  • @williamwoolf8072

    @williamwoolf8072

    Жыл бұрын

    true but your income still doubles every 7 to 10 years. even if they only making 100,000 a year. if they put away $20,000 for 5 years. that's still enough to double it to $200,000 after 15 years. that's better returns than any other type of investment considering theres no risk involved. it's not doug's fault if they still dont have enough for retirement, they just dont have enough money in the first place

  • @seanfrodesen2345

    @seanfrodesen2345

    Жыл бұрын

    First 7-15 years is where the bulk of fees are yes, that’s to cover the “insurance” and other bill of fees, or other riders or LTC. This is the best bang for your buck, hands down. And if you can’t max find or can barely afford, you shouldn’t be in this vehicle. Just saying….

  • @tommajor3832

    @tommajor3832

    Жыл бұрын

    @Tommy There are several types of cash flow whole life insurane policies. He doesn't specifically name what type he's talking about. I'm not sure exactly which type you're referring to where it takes 15 yrs of max funding to see returns. In very short, in a Dividend Paying Whole Life policy, when an average working class person engages in over funding a policy, they will contribute their paycheck(s), bonuses, whatever money they put their hands on, and borrow against the money to pay their monthly bills, for loans, etc. ie you and your spouse earn a combined $80k annually, they place it all in this policy, and if structured like it should be, these loans are interest-free. Because their money is still in the policy, and as long as they keep the policy active, the money is still earning uninterrupted compound interest! You can borrow up to the total cash value of the policy for car, home, vacation, etc immediately. Because this is NOT an investment, it's tax-free. Because your money is used as collateral you can choose to not repay the loan.This particular type of policy is designed to incentivize you so when you take out large loans, you pay it back including the current interest rate, treating it like a conventiona loan you would have to engage in regardless, except the additional amount included goes into your policy and you earn the compound interest on it instead of a bank earning the money. In fact, most banks get the money they lend out from thes policies! The biggest problem that exists are the people literally LYING about the REAL, incredible financial gains associated with a DIVIDEND PAYING WHOLE LIFE INSURANCE policy! Many people say they try daily to figure out what the rich do to become, and remain, rich! If the Very richest people, corporations, and lending institutions, use this policy to compound their fortunes, explain why the average person shouldnt use the same method? There are zero fees and you do t pay an agent any commission as well!!!!! Read the book "Becoming Your Own BANKER" by Nelson R. Nash, the humanitarian who structured this opportunity for all of us, that has existed exactly as long as life insurance has existed but was kept a secret from US. You can buy the inexpensive book or read it in pdf form for free. SHAME ON ALL OF THE DISGUSTING LIARS!!!!!!

  • @tommy2560

    @tommy2560

    Жыл бұрын

    @@tommajor3832 7 year of max funding to front load the policy and 10 to 15 years to see a significant return because of the fees. I didn’t say 15 years of max funding….. 10 to 15 years to see a return!!!!

  • @travisallen7682
    @travisallen76822 жыл бұрын

    If there’s grass on the field play ball?

  • @ncp3077
    @ncp30772 жыл бұрын

    What about etf? Can they be better than iul?

  • @awhiwhanau3000
    @awhiwhanau30002 жыл бұрын

    Wow just wow!!!! Thank you so much for sharing your wisdom. I now will be investing all my money into my life insurance contract. May I ask ......can it be any life insurance or a specific one. Thanks in advance. Awhi

  • @aliitoanansen4537

    @aliitoanansen4537

    2 жыл бұрын

    He’s speaking of the IUL aka Index Universal Life Insurance. Shoot me a Dm…I can show you some illustrations

  • @blakepokley7

    @blakepokley7

    Жыл бұрын

    you may want to read an article by The White Coat Investor called "Debunking the Myths of Whole Life Insurance" (would post the link, but i can't)

  • @tommajor3832
    @tommajor3832 Жыл бұрын

    I'm guessing the reason why he neglected to disclose exactly what it's called could be because he wants you to buy his book. It's called Dividend Paying Whole Life Insurance. It has a death benefit as well as a cash value portion. This is a policy that all of the banks use to get the money to lend the sheople slaves. The reason they want you to deposit all of your money into their no interest savings/checking accounts is so they can deposit that money into the policy, turn around and borrow it (at typically very low "simple" interest, a flat rate, not compound interest, and a lot of them arent charged a penny of interest) and lend it to the slaves charging compound interest rates, fees, etc!! Read the book: Becoming Your Own BANKER. Written by R. Nelson Nash, the man who discovered this has existed from the very beginning, and actually structured it so everyone can benefit from this! The book is around $21 or you can read it for free. I recommend reading it and listening to it on Audible many times to become thoroughly knowledgeable on this!!!!!

  • @LuxeprivaeMedia

    @LuxeprivaeMedia

    Жыл бұрын

    no, lol he doesn't need your money.

  • @tommajor3832

    @tommajor3832

    Жыл бұрын

    @LuxeprivaeMedia this is true!!!! I listened to him again, and he's not referring to the Dividend Paying Whole Life Insursnce Policy i was, that is not invested in the stock market whatsoever. He's not specifying exactly which cash value life insurance policy. More than likely, it's one of the affiliated one's that IS invested in the stock market, which is typically structured similar but not identical.

  • @maxsmart8954

    @maxsmart8954

    Жыл бұрын

    Whole life been around 150 years. Walt Disney used it.

  • @music104ever
    @music104ever2 жыл бұрын

    I’m in Canaca can I do that here and who do I see to start I would love to hear from you thank you

  • @armrt715
    @armrt7152 жыл бұрын

    Thank you foe making this video and sharing it now what life insurance would you recommend??

  • @aliitoanansen4537

    @aliitoanansen4537

    2 жыл бұрын

    Hey Art shoot me a Dm…I can help you answer any questions you may have. He’s speaking of Index Universal Life Insurance or IUL

  • @jyotipurba

    @jyotipurba

    Жыл бұрын

    @@aliitoanansen4537 but which iul gives you 20-25% I thought they are usually capped at 15%

  • @aliitoanansen4537

    @aliitoanansen4537

    Жыл бұрын

    @@jyotipurba I did not say that it gives you 20-25% returns. It depends on the company. Some cap at 15% some at 12%

  • @jyotipurba

    @jyotipurba

    Жыл бұрын

    @@aliitoanansen4537 no no not you, but he mentions it in his videos a few times

  • @aliitoanansen4537

    @aliitoanansen4537

    Жыл бұрын

    @@jyotipurba I’d have to watch it again.

  • @jayaprakashg5656
    @jayaprakashg5656 Жыл бұрын

    Will cost of insurance reduce if I start max funding my IUL?

  • @Tammy_wit_a_y
    @Tammy_wit_a_y2 жыл бұрын

    Hi thanks for such informative video I’m still not quite understanding it. Because it’s all new information. Where can I learn more about this?

  • @missedfortune

    @missedfortune

    2 жыл бұрын

    Thank you for the comment. You can learn more by watching one of our webinars: get.3dimensionalwealth.com/laser-webinar-registration

  • @markcole4121

    @markcole4121

    2 жыл бұрын

    Of course

  • @woojukim116
    @woojukim116 Жыл бұрын

    And if market growth is 15% does iul accumulate the same rate?

  • @ProfessorPWNAGE1
    @ProfessorPWNAGE12 жыл бұрын

    Correct me if I am wrong. If my insurance policy is earning 10% IR and I borrow my own funds at a rate of 5% I don't have to pay for the IR because my IR in my policy would cover this 5% while the other 5% goes straight into my cash value.

  • @jeanpalisoc7682
    @jeanpalisoc76822 жыл бұрын

    Mr. Dough .Can we add More Value of the Coverage . Example. I was insured for 500k can I add another 500k to make it a 1 million.? But the cash Value or the dividend is no Guaranteed? So ins not Safe.

  • @jhyppolite1009
    @jhyppolite10093 жыл бұрын

    Yes this is awesome strategy by using permanent life insurance policy to earn tax free money

  • @lilyrucker5034
    @lilyrucker50343 жыл бұрын

    Love it! Do where do I find these insurance policies available? Or what are the best companies to sign up for a max funded policy and start now that I am young...please.

  • @chillmonforte

    @chillmonforte

    3 жыл бұрын

    i just got mine approved, I’ll connect you to my agent, they serve US and Canada if you want

  • @lilyrucker5034

    @lilyrucker5034

    3 жыл бұрын

    @@chillmonforte awesome!

  • @loveangel5717

    @loveangel5717

    2 жыл бұрын

    @@chillmonforte can you connect me as well

  • @Paddickvanzyl

    @Paddickvanzyl

    2 жыл бұрын

    @@chillmonforte hi saw your comment... Awesome... Any idea where i can get same type of policy in South Africa... Many thanks

  • @artheltamakloe4214

    @artheltamakloe4214

    2 жыл бұрын

    @@chillmonforte connect me as well

  • @user-wq5ws1qs7x
    @user-wq5ws1qs7x2 жыл бұрын

    I’m a millionaire. Roth IRA all the way. Side by side comparison the Roth does way better.

  • @blakepokley7

    @blakepokley7

    Жыл бұрын

    exactly

  • @thomasmurphy8809
    @thomasmurphy8809 Жыл бұрын

    What indexed LI policies gained 25% ??? What IUL policy has a cap like that?

  • @beverlyramsahai8503
    @beverlyramsahai85032 жыл бұрын

    Can you suggest a life insurance that does what you’re talking about. I’m in Florida. Thank you

  • @dylanclark1156

    @dylanclark1156

    2 жыл бұрын

    Kai-Zen IUL, look at Allianz and NIW any further question feel free to reach out to either myself or I’m sure Andrew would love to help as well

  • @paulbrungardt9823
    @paulbrungardt9823 Жыл бұрын

    Buy Term Life insurance & Invest in Remainder in No Load Mutual Funds--The reason there are armies of insurance salesmen selling whole life insurance is because of the commissions that come out of your money.

  • @kuikuilinlin
    @kuikuilinlin2 жыл бұрын

    This rule is created by the wealthiest and used by the wealthiest . Many people in American dont even have the money to put in a well structured life insurance policy.

  • @missedfortune

    @missedfortune

    2 жыл бұрын

    You can get started in an IUL for around $500 per month if you're younger or $1,000 per month if youre a bit older.

  • @gabrielceja7858

    @gabrielceja7858

    Жыл бұрын

    Yes..This is Not for Average working class people. $350 dollars a month for average families will take 10 years to have any saved money in Cash Value. Then to try and borrow a couple of thousand $$ to invest in something will make NO sense. The only ones Really making $$ are the Salesman who Commission off these Policies.. I would know I Sold Life Insurance for many years. I haven’t heard a story yet of an average Person becoming Wealthy by Just Buying a expensive Life Insurance policy without other assets. Better Off Just saving Money Under your mattress and buying a Cheap Life Insurance in case something happens.

  • @iblack1634
    @iblack1634 Жыл бұрын

    What is the best companies to acquire these policies?

  • @missedfortune

    @missedfortune

    Жыл бұрын

    You'll want to work with a specialist who really understands how the policies need to be structured. You can setup a time to speak to an IUL Specialist we work with here: www.3dimensionalwealth.com/getstarted

  • @interstatebullly3nyg551
    @interstatebullly3nyg5512 жыл бұрын

    Cool Information. But it's very repetitive for the entire video is just repeating the same thing again again again and not actually saying where they get the life insurance , how they get it or how to invest. But oh of course there's a book at the end you can get ao you can really find out 🤷🏽‍♂️🤦🏽‍♂️... saw that coming

  • @obiandjendynastybuilders-b3341

    @obiandjendynastybuilders-b3341

    2 жыл бұрын

    If you’d like to learn more about how to use Life Insurance. I’d be happy to do a quick zoom call with you

  • @KG2SHIESTY

    @KG2SHIESTY

    2 жыл бұрын

    Northwestern MutuL

  • @2aslotsandvideopoker984

    @2aslotsandvideopoker984

    Жыл бұрын

    It's a informational video not a step by step guide on a plate handed to you he basically gave us the recipe now we have to get in the kitchen. But I feel you on the last part on the book part 💯

  • @ieshaking6917

    @ieshaking6917

    Жыл бұрын

    @@obiandjendynastybuilders-b3341 hello, what is your website

  • @lafrancois6323

    @lafrancois6323

    Жыл бұрын

    The older me would have said this but as you get older you learn to read between the lines. Hes educating you on fundementals which are accurate. Then give the answers. Your just taking a loan agaist a policy (the bank) if you want the answer. That's it! But it's a game dog and if you dont know the fundementals you will only use it to destroy yourself. One day I hope somone will buy your book you advertise bc you invested in yourself like him. Knowledge is power!

  • @ccortez001
    @ccortez0012 жыл бұрын

    What is the money invested in to be growing at 8-10% per year???

  • @blakepokley7

    @blakepokley7

    Жыл бұрын

    Rainbows and pots of gold

  • @isaacvaquero3764
    @isaacvaquero3764 Жыл бұрын

    which one do I get and where can I get a good life insurance

  • @missedfortune

    @missedfortune

    Жыл бұрын

    Hey there, you can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted

  • @thomasetoconnor
    @thomasetoconnor2 жыл бұрын

    I'm not the first to criticize Douglas Andrews ideas. You can find many other critiques. It isn't that the whole philosophy is flat-out wrong. But there are a lot of bad assumptions and half-truths so that when you add them all up, “this dog does not hunt.” Avoiding retirement plans causes most people to have less after-tax money in the end. Withdrawing from them early is also generally a mistake, especially if you're paying significant taxes and penalties. Buying real estate with nothing down is a mistake that not only increases the risk of foreclosure, but also raises the costs of your mortgage. Universal life policies as an investment are likely to have long-term returns of no more than 2-3.5% going forward, and quite possibly may have negative returns, especially for shorter time periods. Arbitraging a low mortgage rate for a possibly slightly higher return on a universal life policy not only increases your financial risks but is unlikely to make any kind of a significant positive difference in your personal finances. In summary, if you follow Douglas Andrew's ill-conceived financial plan, the only people likely to end up wealthy due to your efforts are your life insurance agent.

  • @2pacalypse2010

    @2pacalypse2010

    2 жыл бұрын

    You make some interesting points Yet their is proof that one can use an life insurance policy as collateral.. so just keeping up with interest in the subject… any thoughts you mind sharing on HOW one may achieve that goal??

  • @blakepokley7

    @blakepokley7

    Жыл бұрын

    Thank you for being seemingly the only person in the comments who sees through the nonsense

  • @MckensyLong

    @MckensyLong

    Жыл бұрын

    This did not age well, only 11 months later as interest rates on mortgages have gone up dramatically and no end in sight.

  • @austingk1994
    @austingk199411 ай бұрын

    What life insurances company fould you recommended i go through to tale a loan from to help build my business

  • @missedfortune

    @missedfortune

    10 ай бұрын

    The best way to find out which company and product is best suited for you is to meet with one of our IUL Specialists. You can do that here: www.3dimensionalwealth.com/getstarted

  • @sweese1
    @sweese1 Жыл бұрын

    I’ve asked this question but no one seems to want to give me an answer. I’ve read in numerous places that the commissions on these products are usually up to 80% of the premiums for the first 1-4 years? True or not? If not what are the commissions?

  • @GoodeatswithA
    @GoodeatswithA2 жыл бұрын

    So put in money to make more money

  • @mesuoefeurhievwe9677

    @mesuoefeurhievwe9677

    Жыл бұрын

    That’s how life works right?

  • @NoobKnife_
    @NoobKnife_3 жыл бұрын

    Is the max is 1m? What if i have example 10m can i start with that? Then get 7%-10% on that after i max the fund after the 5 years?

  • @missedfortune

    @missedfortune

    3 жыл бұрын

    You can have it custom designed to fit just about any amount. You start to see limitations when you want to do say $50M+. Possible, but it gets more challenging.

  • @nisrasile4009
    @nisrasile40093 ай бұрын

    How to get this book in Singapore

  • @missedfortune

    @missedfortune

    3 ай бұрын

    Unfortunately, we only ship within the United States. You can order the audiobook here: learn.3dimensionalwealth.com/offers/NPD5BMRf

  • @lesliecuff2079
    @lesliecuff20793 жыл бұрын

    Yes, but aren't the gains taxed at withdrawal?

  • @missedfortune

    @missedfortune

    3 жыл бұрын

    No, as long as the income and policy are properly structured, the income is fully income tax-free. kzread.info/dash/bejne/ZaWGr9mBf63Rm7A.html

  • @babies1439
    @babies1439 Жыл бұрын

    Which insurance company paying avg 10% since last 10-15 years, Please guide!!

  • @juliooo_perez

    @juliooo_perez

    Жыл бұрын

    Nationwide, Transamerica and Pacific Life, too name a few, are great companies to safely compound your money. I recommend sitting with a financial professional before making any decisions. Good luck!

  • @Flakie22
    @Flakie22 Жыл бұрын

    Companies that I am looking at have 5-8% annual return for Universal Life, how are you getting the numbers of 10% and 25%? Even at 5-8% it’s still a good choice but 10+% seems exaggerated.

  • @lifepath6187

    @lifepath6187

    Жыл бұрын

    Hello, have you found any companies for universal life ins that you could recommend? Thx

  • @juliooo_perez

    @juliooo_perez

    Жыл бұрын

    There are companies that average 12% and the highest I've seen is 22%. I recommend sitting with a financial professional before making any decisions. Good luck!

  • @antonioflores1915
    @antonioflores1915 Жыл бұрын

    I learned that in this world nothing is free😂 And when someone said it You have to think twice because usually is free but they ask for your credit card to charge the shipping cost And some times that is all what you get, and the free gift never gets to your house

  • @anthonylopezlopez9334
    @anthonylopezlopez93342 жыл бұрын

    I’m 24 years old and would like to start any good life insurance recommendations so I can start building wealth with compound interest?

  • @missedfortune

    @missedfortune

    2 жыл бұрын

    If you would like you can schedule some time with an IUL specialist who can answer more of your questions and even run some examples for you: 3dimensionalwealth.com/getstarted/

  • @effy9345
    @effy93452 жыл бұрын

    I want to do this ASAP, so can someone recommend several reputable companies I can contact? Thank you in advance!

  • @jakesavio

    @jakesavio

    2 жыл бұрын

    I help folks with max funding these contacts. I’m happy to have an exploratory Zoom conversation with you.

  • @jeffj3072
    @jeffj30723 жыл бұрын

    Im still a little confuse with the borrowing and positive leverage part.

  • @jeffj3072

    @jeffj3072

    3 жыл бұрын

    I think I got it, so you borrow be a certain amount against your life insurance and pay 5% interest while your “full principal”life insurance still earns 8-10/15%, while still using the borrowed money. So the 8-10% earnings comes from , indexes?

  • @missedfortune

    @missedfortune

    3 жыл бұрын

    Here are some additional videos to help you learn even more: kzread.info/dash/bejne/aJ-tpqduZNGogaQ.html

  • @carltonmosley8163
    @carltonmosley81632 жыл бұрын

    I'm interested in building financial freedom I wanted to know if you could build me a whole life insurance policy with a daily compound interest? Oh I don't have a million dollars how much do I need to start a policy?

  • @aliitoanansen4537

    @aliitoanansen4537

    2 жыл бұрын

    Hey Carlton…has anyone helped you? I’m a licensed professional and can help you answer any questions and or show you some options.

  • @howiecoro
    @howiecoro3 жыл бұрын

    Does it only make sense to do this once you have millions?

  • @missedfortune

    @missedfortune

    3 жыл бұрын

    The most common response I get when people learn about this and do have $1M, is "I wish I would have known this 20 years ago!" So the earlier and sooner you get started, the sooner you are going to create the strategy and system to become a millionaire and already have it protected!

  • @Tammy_wit_a_y

    @Tammy_wit_a_y

    2 жыл бұрын

    How much can one use to get started?

  • @woojukim116
    @woojukim116 Жыл бұрын

    If insured person dies with 100k cash value with 200k coverage, what happens? Do they take ur 100k? Or give you 300k total?

  • @loisekabui739

    @loisekabui739

    Жыл бұрын

    You are paid the total coverage and accumulation...300k

  • @rendelosreyes0804
    @rendelosreyes08043 ай бұрын

    so what is the tax funded life insurance? is this the whole life insurance?

  • @missedfortune

    @missedfortune

    3 ай бұрын

    It is Indexed Universal Life. Check out this playlist to learn more: kzread.info/dash/bejne/hZmAp6elesTdnMY.html&pp=gAQBiAQB

  • @ErickRuiz3
    @ErickRuiz33 жыл бұрын

    I am looking at getting into the insurance business, does anyone have any recommendations on where I should start?

  • @missedfortune

    @missedfortune

    3 жыл бұрын

    if you're looking to do this for others, we have an exciting community we're building: iulinsiderpro.com/training-registration

  • @abrahamall8243
    @abrahamall8243 Жыл бұрын

    How can I buy life insurance

  • @missedfortune

    @missedfortune

    Жыл бұрын

    Hey there, you can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted

  • @TubTechGuru
    @TubTechGuru Жыл бұрын

    Where is the letter “E”? Did he just go from S to R?

  • @Cammjo
    @Cammjo2 жыл бұрын

    So for a middle class family of 4, with a $100k income combined, but a lot of debt, do you recommend an index life insurance policy? Or what type would be best?

  • @subjectmatteramateur16

    @subjectmatteramateur16

    2 жыл бұрын

    IBC nation is a good resource for all of your IBC questions. They actually respond.

  • @cmusa9677

    @cmusa9677

    2 жыл бұрын

    Purchase term insurance, build your savings utilizing ETFs, mutual funds and other investments

  • @aliitoanansen4537

    @aliitoanansen4537

    2 жыл бұрын

    Cammie shoot me a Dm…I can show you some options.

  • @blakepokley7

    @blakepokley7

    Жыл бұрын

    you may want to read an article by The White Coat Investor called "Debunking the Myths of Whole Life Insurance" (would post the link, but i can't)

  • @derishaturner83

    @derishaturner83

    Жыл бұрын

    Which state are you in? Im Licensed for a few states and can help you