How To Become Your Own Bank - The Infinite Banking System

----

You can follow Jason at:

----
Meet Jason:

Jason is the founder of JPORT Media, a results-driven online marketing agency with over $30M in managed ad spend.

Jason is a sought-after speaker/consultant in the digital marketing space. He has spoken on stages across the world and is a regular contributor for Entrepreneur Magazine, Addicted2Success, Thrive Global and has been featured in many other publications.

Jason is also the creator of the acclaimed Perfectly Mentored podcast, whose guests have included Gary Vaynerchuk, Daymond John, Randi Zuckerberg, Grant Cardone, Russell Brunson, Rebecca Minkoff, Gabby Bernstein, Harley Finkelstein and many more.

People pay him and his agency to run their online marketing and consult with them where he’s helped scale multiple businesses to 7 and 8 figures and generate over $100M thanks to his guidance.

[holymoly]

Thank you. Finally, someone actually explains being your own bank. Most of these guys just wanna hear themselves talk.

[Xicolifts]

Funny thing is, if you ask any insurance company to do this, they will try to convince you up and down that a term life insurance policy is the way to go

[eytangold]

Wow quick and consise video thanks so much, been looking for something like this so i cna explain it to my dad easily!

[TheBlindArcher.]

You’re paying back the principal to yourself but the insurance company takes the interest. The only way this is beneficial is if the money you have in the account yields a higher rate than the interest rate of the loan. However the rate you earn will offset the rate of the loan. So if you’re getting a return of 5% and the loan is 7% you’re only paying 2% for the loan

[OurDestiny]

Essentially The interest comes out of your death benefit not to yourself per say.

[Shiva]

But you have to have money already for this to work... you would have to have a certain amount invested and accrued. They will also only let you borrow up to a certain amount of the actual value of your said assets

[WeMissedSomeShots]

This guy clearly isn’t after people’s best interest. You don’t pay interest to a bank on the money you borrowed from yourself.

[MRHIM-ccuh]

When digital currency come that s*** will not be, let's find a way to hold our own digital currency

[Avh]

This is good if your investing to make that money work for you like buying realestate .

[jemboboyle]

Lol if you give more money to the insurance company then they’ll use your money to make them money and make you look like you’re getting a much better rate than storing it in a bank. However, had you just invested the difference to an index fund. You’ll have much more in the long run and could also borrow it without the high interest

[beexiong]

lol
Good luck man.
All I have to say is do your research!

[abeforee]

This works, just remember "Whole" Life NOT "Term".

[p.service]

What is the interest you pay for borrowing your cash value?

[dvdgantt]

Now that's what you do overtime on a 9-5 for! I rather be my own bank then look like a victim. Stuff that Whole Life Insurance like a thanxgivin' turkey.

[Rise-Shine]

How much of life insurance do I need to buy? How long to I have to wait before I can borrow?

[paulsantos]

And if you die, does your family get the cash value plus the death benefit?
Or whatever you borrowed will be deducted from the death benefit?

[markostertag]

You can do the same thing with an index fund mirroring the S&P500 except you’ll make more… this makes no sense.

[gibbyactual]

Kinda misleading. It isn't any ole whole life insurance. Make sure you find someone who knows how to structure this policy.

[emwhvql]

What happens when your premiums skyrocket and you don’t pay the loan back? Don’t forget to tell ppl that part…

[dawneyekeen]

Tefra Defra laws & Tamra laws of 1982 look it up