REI WEALTH MONTHLY issue39 | Page 23

FIRE YOUR REAL ESTATE BANKER! MARK WILLIS
But instead of fear and instead of begging a banker to lend you his umbrella, you’ ve established yourself as your own source of capital, using the cash value in your properly designed life insurance policy. You’ re in control. When you see the real estate values crashing, instead of fear, you see opportunity. You borrow from your own policy’ s cash, and within 3­5 days your policy’ s cash value is direct deposited into your bank account and you’ ve got cash at closing. No tax obligations, no government red tape. You are in control.
With this kind of leverage, the kind of leverage you own, you can borrow from your policy and still have it earning interest as if you did not take the loan. You read that right. That’ s a rare feature often misunderstood and overlooked by most insurance agents. And when it ' s properly implemented into a policy, you overcome the biggest hurdle in the financial universe ­ opportunity cost, and giving you uninterrupted compound growth ­ what has been referred to as the 8th Wonder of the World. You can pay your policy back on your own terms, when and if you choose. Do you think that will make you more or less competitive as an investor? Could this help you with more than just investing? How about buying the stuff of life ­ cars, medical expenses, paying off debt … which financial situation would it NOT make sense to be the banker?
The only thing better than being debt free is to be the banker. Then you’ re the one lending the umbrellas!
There’ s more to this than just picking up the phone to call your local insurance guy. Most insurance agents( and certainly most Wall Street brokers) have neverheard of this strategy, and you don’ t want to put your money with an“ I’ ll just Google it” advisor. If you’ d like to talk to someone who has been specially trained and authorized to specifically design a Bank on Yourself policy as described above, please contact us at hello @ lakegrowth. com or call us at 1­800­962­9141.