Infinite banking can be a great way to grow your wealth, but it can also be pretty confusing. That’s why I’m bringing on an expert to break down the main concepts of infinite banking, and help you determine if it’s a fit for you. On this episode of Investing in Real Estate, Nate Scott is back to explain the infinite banking concept, and why it’s a great complement to real estate investing.
Nate Scott is the president of Living Wealth. His mission is to help families and small businesses become financially free through becoming their own banker. Nate is also a client development coach and a speaker. His role includes teaching others how to become wealthy, and that’s exactly what he’s sharing in this interview.
On this episode you’ll learn:
- What infinite banking is.
- How to set up infinite banking.
- The best way to learn more about infinite banking.
- And much more!
What Infinite Banking Is
In infinite banking, a specifically designed whole life insurance policy to finance purchases, especially real estate investments. Because real estate investors need capital on a regular basis, using the infinite banking concept is often a great strategy for portfolio growth. The investor acts as their own banker by growing liquid cash value inside the policy.
How to Set Up Infinite Banking
If you want to get started with infinite banking, you have to have capital. Whether that’s cash flow from your rental properties or existing assets, you’ll need money to get started. The policy pays compound interest, so you’ll want to have money in the account.
The Best Way to Learn More About Infinite Banking
At Living Wealth, Nate and his team offer a few avenues for learning. You can start with their free beginner’s course, or check out their selection of ebooks. If you already have an understanding of infinite banking and are ready to get started, you can schedule a consultation with Living Wealth here.
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Infinite Banking Beginner’s Course
Living Wealth Library
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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