compounding interest will be uninterrupted, and my death benefit will also increase to $2,555,733. In this scenario, although I lost $500,000 in aggressive expansion from opening several retail stores, the other $500,000 using the INFINITE BANKING CONCEPT can still make me a multi-millionaire during the 2008 RECESSION if I only applied the right approach of diversification. Whole Life Insurance is permanent insurance with strong guarantees. It has guaranteed premiums, guaranteed cash value growth, and a guaranteed death benefit. Cash Value builds inside of whole life insurance policies. Imagine this cash value portion like savings account that I can access at any time. I say it is a savings account because the cash value will only go up. It never fluctuates up and down. Cash value is what makes every whole life insurance a desirable asset for many businesspeople most especially if they are also real estate investors. Banks make billions by borrowing and lending money. People like us can have our own banks and start benefiting from borrowing and lending money in the same way that make banks rich. We can let our money work for us when we set up this policy to make it become a workhorse for us and help build wealth by utilizing the uninterrupted compound interest. If we want to be rich, we need to play by the rules of the rich. It means that the rules of money are skewed in favor of the rich, and against the working and middle class. The rich pay very little in income taxes because they don't earn their money as employees do. They know that the best way to legally avoid taxes is by generating passive income by being business owners and real estate investors.
References:
Kiyosaki, R., (n.d.). How debt and taxes can make smart entrepreneurs rich. Retrieved from https://www.entrepreneur.com/article/293759
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