Today's guests, Anthony Faso and Cameron Christiansen, are dedicated to assisting individuals in achieving financial freedom through passive income. They do this through the concept of Infinite Wealth where they use whole life insurance policies to overfund and create cash value in a way that is heavily influenced by Robert Kiyosaki’s Rich Dad Poor Dad. In this episode, they delve into the concept of Infinite Banking, explaining how whole life insurance policies can be leveraged to overfund and create cash value. Additionally, they provide insights into the workings of conventional banks, outline the advantages of utilizing whole life insurance policies, and explain the impact of compound interest and simple interest on this strategy. The episode covers the process of obtaining funding through a policy like this, including qualification for individuals who earn a commission or lack a W2 job. Regardless of whether you are a younger person trying to carve out a monthly contribution for Infinite Banking, an older person who may feel that time is limited for engaging in this strategy, or someone somewhere in between, this episode is filled with insightful information and helpful advice to help you achieve financial freedom.
Key Points From This Episode:
- An introduction to our guests and how they came to establish Infinite Wealth Consultants.
- The concept of Infinite Banking and how you can use whole life insurance policies to overfund and create cash value.
- Insight into how conventional banks work.
- What Infinite Banking is and how it works.
- The advantages of using whole life insurance policies.
- How compound interest and simple interest affect this.
- An explanation of how to get funded with a policy like this.
- How someone who earns a commission or doesn’t have a W2 job can qualify for something like this.
- Insight into how much you can borrow against your policy.
- What somebody should think about before taking money out of their whole life policy.
- Why our hosts believe we should be teaching this to our kids.
- What Anthony is doing to set his grandson up with a passive income.
- Encouragement for a younger person trying to carve out a monthly contribution for Infinite Banking.
- Advice for an older person who might not think there’s enough time to do Infinite Banking.
- How to get free access to the Infinite Wealth Consultants free online course.
Links Mentioned in Today’s Episode:
Infinite Wealth Consultants on Facebook
Infinite Wealth Consultants on Instagram
Passive Income Through Multifamily Real Estate Facebook Group
