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#16 How To Become Your Own Banker with Brent Kesler
Manage episode 416700479 series 3564559
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In today's episode, Brent Kessler, founder of The Money Multiplier, explains the concept of the money multiplier method, which is based on the infinite banking concept. This method teaches individuals how to build, keep, and create wealth through their own debts and expenses. It involves using cash value whole life insurance policies in mutual companies that pay dividends. By storing wealth in these policies, individuals can recapture and recycle the money they spend on purchases, such as cars, and earn interest on it. The method has been used by wealthy families for over 200 years.
In this episode we'll cover:
- The money multiplier method is based on the infinite banking concept and teaches individuals how to build, keep, and create wealth through their own debts and expenses.
- By using cash value whole life insurance policies in mutual companies that pay dividends, individuals can recapture and recycle the money they spend on purchases and earn interest on it.
- The method has been used by wealthy families for over 200 years and provides a tax-free growth rate environment.
- The amount of money individuals put into their policies and the frequency of payments is flexible and can be tailored to their needs and goals.
Click here for the show notes from today’s episode: podcastingyou.com/brent-kesler
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