Recently we “ethically bribed” our readers into learning more about what I’ve called the “8th Wonder of the World.”
You see, the two most common reasons people have for adding the Bank On Yourself method to their financial plan are:
- To grow wealth safely and predictably every year – no matter what’s happening in the market or the economy – and to protect themselves from losses in future market crashes
- To become their own source of financing when they want to make a major purchase or when an emergency expense comes up – so they can get access to money when they need it and for whatever they want – no questions asked
The second reason – the ability to become your own “banker” – is so compelling that once people use that feature of their Bank On Yourself plan, they often write to tell us what a powerful and emancipating feeling it is.
Unfortunately, many financial advisors do not understand how Bank On Yourself-type dividend-paying whole life insurance policy loans actually work. And one of them published an article about it that we get asked about from time to time.
So I wrote a special 3-part blog post series to explain in simple terms how policy loans work… and why they may well be the 8th Wonder of the World.
I’ve found that most financial “gurus” do not understand some very basic – and very important – financial principles, which I explain in these articles. You’ll understand more than they do about how money really works after you read them.
At the bottom of each article is a comments box. We gave away $25.00 dining gift certificates, autographed copies of my latest best seller and a $250.00 Amazon gift certificate. To qualify, readers simply needed to post a comment on any of the blogs in the 3-part series listed below by Sunday, February 12. Comments could address any of the following:
- Your biggest take-away from any of the articles
- If you’ve had a bad experience using traditional financing methods (charge cards, loans, mortgages, home equity line of credit, etc.), tell us about it. These stories were everywhere for years following the credit crisis
- If you have a whole life insurance policy and have taken a policy loan, tell us about that experience and how it differs from traditional financing
Here’s what you’ll discover in this 3-part series about the 8th Wonder of the World:
Part 1: What a life insurance loan really is, how it works, and the pros and cons of insurance policy loans
Part 2: The five requirements to truly be “banking on yourself,” how the interest you pay on policy loans ultimately benefits you, and how to avoid a policy lapsing due to a growing unpaid policy loan
Part 3: Why you really finance everything you buy – even when you pay cash – and how Bank On Yourself is the only strategy I know of that solves the problem of constantly interrupting the growth of your money whenever you use it!
Here are the names of readers whose comments were chosen for a gift…
The Bank On Yourself team had a tough time choosing a comment to receive the $250.00 Amazon Gift Certificate – there were so many articulate comments posted!
Kudos to Dave Lowe for his insightful comment! And here is the list of the 12 readers whose comments were randomly picked to receive their choice of an autographed copy of my latest best-selling book, The Bank On Yourself Revolution, or a $25 dining gift certificate: Kathy Kadowaki, Kevin Obrien, Dennis Strong, David Moon, Shawn Pelley, Alfred Wu, Kevin Ashdown, John Qualy, Bob Cunningham, Annette Kam, Debbie Collins, and Christine Peace.
You Could Increase Your Lifetime Wealth By an Average of $250,000 or More – Simply by Running Your Major Purchases Through a Bank On Yourself-Type Policy
Find out how much you could increase your wealth – without taking any unnecessary risks – when you become your own financing source. It beats financing, leasing and even directly paying cash by a country mile.
Best of all, your Bank On Yourself plan can double as a solid foundation for your financial plan, allowing you to grow your nest-egg safely and predictably – no matter what’s happening in the markets.
When you use the Bank On Yourself method, your money is guaranteed to grow by a larger dollar amount every year you fund it. You don’t go backwards when the markets crash, and you’ll be able to bypass banks and finance companies and become your own source of financing.
You’ll also benefit from an unbeatable combination of advantages including safety, guarantees, predictability, control, liquidity and tax benefits. And you’ll finally know the guaranteed minimum value of your plan on the day you want to tap into it – and at every point along the way.
It’s easy to find out what your bottom-line numbers and results could be if you added Bank On Yourself to your financial plan. Just request a FREE, no-obligation Analysis here.