IUL’s are a disaster for so many people but it’s one of the most sold products by agents. In this episode we talk about another avoided disaster.
This guy made a couple of bad financial choices and is now living a substandard retirement. Don’t be this guy!
No better time than now to set your New Year’s financial goals. Let me give you 5 objectives for 2019!
Feds raise interest rates – how will that affect you? What will that do to mortgage rates?
With the year end stock market losses, mutual funds could send of what is called “Phantom Income” which basically means you could be paying taxes on short term capital gains, even though you end up with losses!
We live in a world of immediate gratification, however to build wealth requires some patience and a proven process.
Policy Loan: $60,000 Home Build Cost: $250,000 Total Cost: $310,000 Sales Price: $370,000 Expenses: RE Fees – $22,000 Bank Interest – $5,000 Policy Interest – $1000 Total: $28,000 Net: $342,000 Profit: $32,000 ROI: 53%