FIRE YOUR REAL ESTATE BANKER! MARK WILLIS
Is there any other way? How can someone
who has skill and passion for real estate or
their business keep control and a sense of
sanity amidst a world gone insane? Is there
a way to break free of financial slavery to the
banks?
Yes, it’s simple.
Fire your banker!
Where is it written that you have to service
your debts and pay off a banker before you
can enjoy the fruits of your investment? Who
says you have to pay interest on your
properties, effectively turning all your real
estate assets into liabilities? Where did we
get the idea that banks were the only ones
who could provide the function of banking in our society?
You can be your own source of financing you can rid your financial portfolio of your banker and provide the
function of banking yourself.
How? The answer may shock you. I’m talking about a modernized form of dividendpaying whole life
insurance. It works like a source of capital, a bank, to provide a guaranteed pool of money liquid and available
for whatever you need. The funds you accumulate in your life insurance grow safely and predictably every
year, guaranteed no matter what’s happening in the stock market. You can use the equity in your policy like a
line of credit to yourself and you have complete control over how, when and if you pay your money back to
your policy. You are in complete control of the entire process.
When most people see the words: whole life insurance, their mind turns off. Mine sure did! I was taught to
avoid whole life insurance even in my earliest days as a financial planner. Since then, I’ve come to see how
useful and valuable a properly structured, dividendpaying whole life policy can be, when issued from a
mutual life insurance company that offers nondirect recognition loans. This vehicle helps my clients overcome
the inertia of opportunity cost, accumulate a powerful warchest of capital, and deploy liquid capital for their
real estate ventures.