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In this episode, we ask:

• Who is Jim Conrad?
• Would you like a FREE copy of Pamela Yellen’s new book, Rescue Your Retirement?
• Send us a screenshot of your new iTunes review to hello@nyafinancialpodcast.com, and we’ll send you a copy of the book!
• What can you do with a dollar?
• What are the 8 rules for Bank on Yourself® type Whole Life policy?
  • 1. A Bank on Yourself® type Whole Life policy gets better every year, and there is nothing you can do about it.
  • 2. There is no such thing as paying too much premium.
  • 3. Pay as much premium as you can, for as long as you can.
  • 4. Always use your own capital… did I say always?
  • 5. Never save up money in somebody else’s bank.
  • 6. Pay back your policy loans in a reasonable amount of time.
  • 7. Favor paying premium over paying back loans quickly.
  • 8. If you bank on yourself, you can forget about interest rates and rate of return.
•  Have you heard Episode 6?
• Does something becoming more efficient every year violate the laws of physics?
• Do you know anything else that gets better every year?
• Is there such a thing as paying as paying too much premium?
• Would you like to watch Jim’s Dollar Diagram video?
• How many policies does Jim own?
• How can you make major purchases over and over again?
• Why would you want to put money into a risk investment?
• Why is this so powerful?
• What is the math on PUA premium growth from age 21?
• Should you do this if you’re younger?
• How is Jim living proof that it works?
• How long can you keep paying premium?
• Why is paying premium a privilege?
• Why wouldn’t you want to keep putting money into that money machine?
• Isn’t the look of a curve beautiful?
• If you have a money machine in your living room, and you put one dollar in and four dollars come out, how many dollars would you put in the money machine?
• Why should I borrow against my own policy if I can get a lower interest rate a credit union?
• What is the flaw in this thinking?
• Can you enrich yourself and the bankers?
• How might you enrich yourself?
• Why would you like to build up the wealth of others, when you can build your own wealth?
• Are you in the habit of keeping tens of thousands in the closet?
• Do you own a properly structured Bank on Yourself® type Whole Life policy?
• Why would you want to enrich those who profit from fractional reserve banking?
• How might you pay back your policy loans in a reasonable period of time?
• What is a reasonable period of time?
• How does one determine what is reasonable?
• Why do people pay off loans quickly?
• Can you afford to buy that thing?
• Are you “stealing the peas”? (As Nelson Nash would say…)
• Can you favor paying premium over paying back loans quickly?
• How much of your available cash flow should be used for paying back loans?
• How much of your available cash flow should be used for premium?
• Should you put your dollar into PUAs or toward a policy loan?
• Should you always favor paying premium?
• What happens when you’re no longer earning active income?
• Should you pay off your loans before retirement?
• How have we been trained?
• How can you think differently than the way the rest of the world thinks?
• What? Jim? Did I hear you right?
• Shouldn’t you get the lowest interest rate you can get?
• Where will your death benefit go?
• What is the rate of return on guaranteed growth over unknown growth?
• What about interest rates?
• Are higher interest rates great?
• How does the volume of interest go down over the growth of the loan?
• What about dividends?
• What has to happen for Jim to throw a party?
• Would you like to watch Jim’s Dollar Diagram video?
• Would you like to talk with Jim? Email him at jim@conradfinancial.us
• What did you take away from today’s episode?