In this episode, we'll discuss how you could easily make over $100,000 throughout your working lifetime by just changing where you hold your emergency money of all things.
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Emergency funds are crucial to buttressing and protecting our financial life from unexpected catastrophes. But they're not always given the attention they should receive. And, when people do have them in place, they tend to actually lose money unknowingly.
We run into this a lot, where we're teaching people how to use a policy to be their own banker and make a lot more money. But for some reason, there's a mental block, which keeps them from seeing their policy as a bank. They still see a bank account as a bank and a policy as something different. Nothing makes that clearer than when people talk to us about their emergency fund and how they would never want to move that into a policy or something like that.
Today we're going to talk about emergency funds. How to use your policy as your emergency fund, how much more money you could be making with that, and really how a policy has all the characteristics that you would look for in a really great emergency fund.
Even in the Depression, when thousands of banks went under, most insurance companies didn't go under.
In this episode, we will discuss how to end debt. You see, there is a difference between paying off your debt and recapturing your debt. And we'll explain how this works so you can finally get off the debt hamster wheel.
~ Access our FREE Infinite Banking Beginner course here:
https://livingwealth.com/beatinflation
~ Get resources and transcripts from this episode by visiting:
There are some staggering statistics on the level of debt Americans are carrying. It's truly frightening.
But it's vitally important that you change your mindset from merely, I want to get out of debt. This should change to wanting to recapture your debt.
Getting out of debt is a topic speak with clients about every day, and that's the problem with debt. And whenever you adhere to the concept of becoming your own banker, you start to see ways of making a lot of money by recapturing your debt.
The problem is that a lot of people know what we mean by recapturing debt. And there's one more step that needs to take place we share in this episode.
In 2017, we are in a greater financial crisis than we were in 2008 ... because we're carrying even more debt in the US.
Household US debt currently in the first quarter of 2017 was $12.87 trillion, and that is all of us living on debt.
We've got to learn to recapture debt, especially if we're going to bring down the debt in the US.