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In this episode, we ask:
- Have you subscribed to this podcast yet?
- What did Patrick Henry say?
- Does where you keep money matter?
- Does where you keep your debt matter?
- What happens when you are in debt?
- How many Americans carry credit card debt?
- What about all other types of debt?
- What did the Federal Reserve study say?
- What is the relationship between debt and income?
- What about two years of indentured servitude?
- How does that make you feel?
- What about being debt free?
- What about suffering?
- What about depression and anger?
- What did Dr. John Gathergood of the University of Nottingham study?
- What about spending habits?
- What about arguments about money as the top predictor of divorce, according to Sonya Britt, assistant professor of family studies at Kansas State University?
- What about paying interest to a bank?
- What about earning interest?
- What about buying a car?
- How much will you save?
- What about earning interest?
- What do you have to show for the money?
- What about paying cash?
- What about your future self?
- How does one avoid this problem?
- How does financing really work?
- Are all forms of borrowing created equal?
- What are the advantages?
- What are the risks?
- What are the considerations for buying a big ticket item?
- What about a major expense?
- What are the three things to consider when getting a “regular” loan?
- What about the speed?
- What about the interest rate?
- What about the flexibility of repayment?
- What are the three ways to pay for a big ticket item?
- What about paying cash?
- What about financing?
- What about leasing?
- What about making large purchases through Bank on Yourself® Type Whole Life Insurance Policy loans?
- How do they work?
- How much do you want to borrow?
- Where do you want the insurance company to send the money?
- How many days does it take?
- What about compounding interest?
- How does taking a loan affect cash values?
- What about an example?
- What about uninterrupted compound growth?
- Where does the policy loan money come from?
- Does the money leave your policy?
- What about the insurance company’s general fund?
- Where do the loan payments go?
- How does the policy grow?
- Are you using your cash value as collateral?
- What is a non-direct recognition loan?
- What companies offer this feature?
- What are the companies that have limits?
- Would you like to meet with Mark to discuss your situation?
- Can your money be doing two things at once?
- How simple is it to get the money out?
- How about uninterrupted compounding?
- How about flexibility in repayments?
- Are you in charge of how the loan gets repaid (or if it gets repaid)?
- What happens if the loan doesn’t get repaid?
- Who gets the reduced death benefit?
- How are these loans different from every other loan?
- What about dividends being based on the profits?
- What is a mutual insurance company?
- Who is a shareholder?
- What about an example?
- Who would benefit from the mortgage payments that you would be making each month?
- What about the growth on an outstanding loan balance?
- What are some strategies you may discuss with an authorized advisor?
- What about lease arrangements?
- What about having a credit check?
- Can you be turned down for a policy loan?
- What is a typical APR on a policy loan?
- What about growth and compound interest?
- What is the time table for policy loan repayments?
- What about the flexibility?
- What about setting up loan repayments, as you need to?
- What about accumulation?
- What about paying down interest only on an annual basis?
- What about taking policy loans for retirement?
- Who is in the driver seat?
- What happens when a curve ball hits?
- What about continued growth of cash value?
- What about paying cash?
- What happens when one takes a loan from a universal life insurance policy?
- What about opportunity cost?
- How do you solve the problem of continuously interrupting the growth of your money?
- How can this help you eliminate bank financing?
- What about other types of loans? Stay tuned!
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