thank you everybody for joining us for this evening’s training and I you know I can’t tell all of you what you’re going to take out of this but I will tell you that if you apply what you’re about to learn it will and I can say this truthfully it will change your financial future it will change the way you use money forever and it will put you back in control of your money if those three things aren’t compelling enough to for you to spend the next hour and let’s just say 40 minutes with us than you obviously have to put your priorities in a different order but you’re all here so I know that each and every single one of you are ready to change your lives and the one thing I will tell you is we are going to help you do that tonight Mr Brent Kessler is going to give the presentation that I saw so long ago and let me just tell you the story and then I’ll turn this over to Brent because it’s a good one so I was a financial advisor for 16 years of my life I knew what life insurance was I knew what all the different life insurance was was and also I knew Investments I knew him really well that’s what I did for a living and no one could ever tell me that you know there was a better thing to do than put money into the indexes or the S P 500 or anything investment related because that was my space so I was doing real estate and I was flipping houses which means I needed money I had been introduced to this guy Mike who was a really wealthy guy he had a TV show and he was lending me money on my real estate deals I happened to be in Utah on a snowboarding trip and me and this gentleman Mike met out at a Cheesecake Factory to discuss a deal that I needed funding for so we’re sitting down at Cheesecake Factory and going over the deal and I just said to him I said so Mike just how do you lend money like where do you lend from and without even flinching he just said I lend from my private bank now instantly the first thing that I think a lot of you would think if you were in that situation is whoa this dude’s got a bank man I way underestimated how much money Mike actually had and I said to him I said so Mike like why don’t we go to your bank I’m thinking I can go to his Bank get myself a dum-dum sucker maybe a cup of hot black nasty coffee whatever let’s go to your bank dude and he then proceeds to tell me that he doesn’t have a physical bank but he he created a banking system and that banking system allows him to lend money and then I just told him hey tell me a little bit about it he said all those things the video did well you know I put money into this this he didn’t tell me what it was I put money into this vehicle I then immediately take the money out I lend it to people like you you pay me Interest I put the interest back into my bank but you see the one thing that’s interesting is all of the money that I put into the bank never stops earning interest and dividends even when I take it out and give it to you now right off the bat I’m like okay something’s wonky here you can’t put money in the bank Mike and take the money out and give it to me and still earn interest and dividends on the money and he says well that’s what I do and he said and also all the gains that I get are all tax free so he’s got me all riled up over here I’m like dude I just landed some information that I’m gonna take back and I’m going to be able to make a ton of money me telling all of my clients about this amazing thing and then he drops the bomb on me and he tells me what this vehicle was and he says he says it’s a whole life policy instantly it was like nails on a chalkboard I’m like dude who got a hold of you and lied to you about your whole life doing this because he had told me he puts money in and immediately takes it out at the end of that conversation I was intrigued and I wanted to learn more and I said Mike can you teach me this and he said no you got to get a hold of the guy that taught it to me his name’s Mr Brent Kessler like he gave me his number Brent you probably remember this day but I was driving back to my friend Jack’s house from Cheesecake Factory I dialed Brent and I probably sounded like a blender with its top off hey Brandon I just got done with this guy Mike I’m a financial advisor I know all about this stuff I need to set up my own bank blah blah blah and Brent stopped me and he said have you watched the 90 minute video now I’m gonna pause that conversation there I did not want to watch a 90 minute video under no circumstances I thought I knew everything I thought I knew what I didn’t know but I did watch that 90 minute video and forever and I’m and mark my words folks forever that changed my life it changed my family’s life it will change my daughter’s life it will change my daughter’s kids lives that I will probably never even know like their kids kids kids will be taught this and we’ll use this and I won’t even know their names but the one thing I can Mark mark my words here this grandfather which is what I’ll be at that point will make sure that every child in this bloodline receives a check on their birthday from Grandpa now some of these grandchildren will not know who Grandpa Chris is but they’ll get a check every single year with my name on it wishing them a happy birthday how many of you want to leave a legacy like that and if it is all you need to do is pay attention to the next 90 minutes and Brent Kessler will show you the path that I was shown the path that Hannah was shown and the path that so many of you were shown and that path will lead you to that place so Mr Brandt Kessler are you ready to get going I’m ready Chris can you hear me yes the show is yours you have the ability to share so let’s rock and roll I’m gonna pick right there yep the hardest part is me getting the share so let me try to get that going just some housekeeping before we get into it like we mentioned on last month’s so the first half of the session we’re going to go through the presentation and I know some of y’all have seen it Mr Drew and some of y’all have seen it multiple multiple times but it’s good to see it over and over again so we’re gonna walk through the presentation the first half and then the second half we some we have some Advanced Training and some really cool material we’re going to get into but all of this Builds on top of of each other and um you know you got to stay up to date and in the know of of the infinite banking concept it’s all right we’re ready and one other thing real quick Brent before you go folks you’re going to have a lot of questions as you go Hannah and myself are here to answer those questions and when Brent’s done I’m going to do an advanced training so if you’ve got things that this video does or this this training does not go over I will be happy to make and teach you anything you want in the Advanced Training side question okay good deal so yes um as Chris and Hannah said if you have seen this presentation before it does not hurt you to watch it a second a third or a tenth time because every time you watch it you will get something new out of it it’s just like if I read this book here called becoming your own Banker by R Nelson Nash I’ve read that book I don’t know probably 70 or 80 times and every time I read it I get something new out of it so just keep an open mind as I go through this I’m going to go for about the next hour and a half and then after that Chris and Hannah will take over and they’ll do Advanced topics but as Hannah said everything is going to build up on each other so the first thing I want to do is I want to apologize just because of my voice I’ve kind of been under the weather for the last two or three days bad cough sore throat even have an earache I’m feeling a little bit better but my voice is still kind of crappy I’m sitting here drinking a lot of water and I’m like sucking on these throat passengers so um I apologize for my voice but the information is going to be the same whether I have a voice or whether I don’t have a voice so I just want you guys to keep an open mind as I go through this and yes you’re going to have questions I’m not going to take questions as we go through it but as Chris said uh make sure you put those questions in the Q a and Hannah and Chris will be answering those questions as we go through and we will stay on as long as we have to tonight to make sure all of your questions are answered all right so let’s go so basically who am I so anyway my name is Brent Kessler and we are with the money multiplier now we’re located here in Port Orange Florida about an hour east of Orlando and if you notice on the home screen there’s basically it has all of my information it has my texting number my email and also our website the money multiplier.com so the concept that I’m going to teach you everything we’re going to talk about is your money money and you’re well so that’s what the topic is going to be for about the next 90 minutes is basically just like your money and I want you to keep an open mind I’m not trying to convince you of anything there’s nothing I’m going to ask you to buy at the end of this hopefully if you like the information that we share with you if you decide to implement and start doing this process in your own life hopefully we are the ones that you will decide to start this process with you now so this topic called the incident banking concept I actually heard this concept back in 2006. now for all of you like of those that don’t know me I’m actually a chiropractor I no longer practice Chiropractic anymore I had five clinics in the Kansas City area so what I have not been practicing Chiropractic since 2008 I had associate docs in my clinic and um I’ve been and anyway I’ve been to this concept that I’m sharing with you tonight I’ve been teaching it since March of 20 2012 so about 11 years and three months now I’ve been teaching this concept so anyway back when I very first heard it was in it was it was all the way back in 2006 and I was at a chiropractic conference and I heard somebody speak on this infinite banking concept and I was like man that sounds really really good however it just sounded too good to be true right have you guys ever seen something like that where you watch something and it looks good but it just seems too good to be true well that was me back in 2006 so I heard this information I watched it I actually went home after that conference and I did nothing with the information that I heard so I go back to another Chiropractic conference almost two years later and about 10 or 12 of my colleagues there were at the previous conference are now at this new conference the only difference between just me and them is they took action and they implemented as soon as they heard it so here I’m at this new conference in 2008 and about 10 or 12 of my colleagues are coming up to me they’re basically throwing up all over me they’re saying Brent isn’t this banking concept the most powerful thing ever to build keep and create wealth and they were just going on and on and on about it and I thought to myself there had to be something to this right there’s no way that 10 or 12 of my colleagues are lying to me maybe one or two but not 10 or 12. so I came home and I told my wife I said honey I said we have to start implementing this in our life and it was in February of 2008 that I found myself 984 711 in debt that’s what I owed the third party creditors now I know what you’re thinking you’re thinking so anyway okay so how does a guy from Kansas get to be almost a million dollars in debt I know if you live in California that that buys you a very small house but in Kansas it buys you a lot well I had my student loans from chiropractic school I had the house that I lived in I also had a house on the Lake of the Ozarks between St Louis and Kansas City and if you have a house on a lake guess what else you have to have a boat and a wave runner right I’m also an airplane pilot so as an airplane pilot I had to have my own airplane so it didn’t take me a lot to become almost a million dollars in debt well I was able to apply this concept that I’m going to share with you tonight and I was able to pay that debt off in 39 months three years and three months and all I did was added one step in my financial life and that’s all I’m going to teach you to do is add one step in your financial life because look I don’t want you to change your cash flow I don’t want you to work any harder I don’t want you to take any additional risk or lose control all we’re going to do is add one step in our financial life okay now the concept that I’m going to share with you I didn’t create it Chris didn’t create it all right it’s been around for over 200 years so the way that I learned about it was through this book called becoming your own Banker by R Nelson Nash now our Nelson Nash he passed away back in March of 2019 so a little over four years ago at age 87. this book completely changed my financial life this is a book that you want to add to your wealth building library and if you’re like me and have a little ADD and don’t like to read you can also get two hours of audio as well as the book so this is a book that you want to have in your financial Library actually there’s another book that Chris noggle and I wrote a few years ago it’s called mapping out the millionaire mystery now everybody on this call tonight we will send you the ebook version of this book all you got to do is send me an email Brent at the money multiplier.com and I will send you the ebook version of this book so just to be clear of what I’m going to be talking about for the next almost 90 minutes that’s right we’re going to talk about money and I’m going to talk to you about how to recycle and recapture all of your money and you’re thinking recycle and recapture tell me what does that mean well it doesn’t matter like anything that you buy any product or service that you buy the thing you have to do is you have to give them the money and then in exchange they give you the product and service and the transaction is over right so in other words they have the money and you get the product or service that you just purchased well how about if there’s a way that all you have to do is add one step in your financial life and now you’re able to recycle and recapture all of those dollars for everything that you’re buying before I end tonight I’m going to show you how to get all the money back on all the cars you’re ever going to buy driving on for the rest of your life and you’re thinking well what does that mean get the money back for my car well again so I don’t even know you but I know how you buy card there’s only one of three ways that you buy cars you either pay cash you bank finance or you lease the car right that’s right you all have to give money to get the car because I don’t think you stole the car because all of you look pretty honest on here well a couple of you look a little shady but most of you are pretty honest so what you have to do you have to give the money to the car dealer car dealer gives you the car he’s got the money you got the car transaction is over but by adding that one additional step I’m now going to show you how to recycle and recapture and get all the money back for that car so not only do you have the car but you get the money back as well how cool would that be and if I can show you how to do that with a car guess what else you can do it with anything that you want a house a boat a bicycle a vacation your charitable giving your taxes anything at all you’re going to turn every liability into an asset every depreciating asset into an appreciating asset all by adding this one step in your financial life now I’m going to give you a little homework and here’s your first homework after I’m done tonight or tomorrow morning or I would just stay up late and do it tonight I want you to go out and watch this I want you to watch this video it’s on YouTube so go to YouTube and just plug in the backward bicycle and it’s about an eight minute video and when you watch that video You’re Gonna understand why I had you watch it because what I’m gonna go through with you tonight is a paradigm shift it’s not what you’ve been taught about money it’s not what you’re doing with money it’s not what your parents are doing your grandparents your friends your colleagues and your co-workers so this is an outside of the box concept so I want you to keep an open mind but remember what I said earlier the concept is not new no no no it’s been around for over 200 years this is what the wealthy do to build keep and create well this is what the Rockefellers the Rothschilds the Morgans the stanleys the Barclays do so I’m going to give you a little clip of the video so you know that when you go watch it later you’re on the right one it’s me Dustin welcome back to smarter every day you you’ve heard people say it’s just like riding a bike meaning it’s really easy and you can’t forget okay so there you go so there’s a guy named Will Rogers and here’s what Will Rogers says he says the problem in America isn’t so much what people don’t know it’s what people think they know that just ain’t so so a lot of the things you’ve been taught about money are not actually the truth so let’s go through some of those things and you’ll see exactly what I mean we’re going to talk about how does your money flow the method to get all your money back remember what I said earlier we’re going to show you how to get all the money back for everything in your life that you’re buying so not only do you buy the product or service but you’re able to recycle and recapture and get that money back we’re going to talk about the mysteries of money the machine pretty soon I’m going to show you what that machine is that we’re going to use to build keep and create wealth and it’s going to surprise a lot of you when I show it to you we’ll talk about the mission and the marathon this is not a Sprint it’s not a get rich quick deal this is about you adding one step in your financial life and when you do that it will drastically improve your financial Life we’ll talk about the millionaire and the movements all right so let’s get into it I have three calculators on the screen and I know the last thing you want to do on a Tuesday evening is math but I’m going to make it pretty simple and pretty easy for you so on the so on the calculator on the right this is your savings account or checking account at your local bank I am going to assume that everyone on this webinar has a checking or savings account at a bank okay and I’m Gonna Be Your Banker so we’ll just call me Banker Brent all right and I’m gonna say that you have twenty five thousand dollars in your checking or savings account and in that account you’re earning four percent interest now I know you’re not earning four percent interest on your checking or your savings account but I’m Gonna Make Believe that you found a really really good bank and that bank is paying you and anyway that bank is paying you just an interest rate of four percent and as I said I am your local Banker so I’m the banker at that bank and here’s what you do you come into the bank and you say Brent I want to take my 25 000 out of the account where I’m earning four percent and I want to go pay cash for a car and I say no no no you do not want to take the 25 000 out of the bank to go pay cash for the car instead what I’m gonna do is I’m gonna make you a loan of twenty five thousand dollars and I’m gonna charge you six percent interest now let’s say we all go to the bank to borrow money to buy a 25 000 car how long are we going to finance that car for five years four years maybe even six years it doesn’t matter how long it is in this case we’re going to say five years or 60 months it doesn’t matter if it’s four years or 48 months or six years or 72 months so here’s what I’m saying to you I want you to keep the money in your savings or checking account earning four percent I’m gonna make you a loan of twenty five thousand dollars charge you six percent interest and over the same equal time period in this case five years or 60 months our bank will pay you more money on the six or on the four percent that you’re earning then you will pay us on the six percent that you’re borrowing now is that a true statement in other words is it possible for you to make money if you earn four and you pay six and I see a lot of you shaking your head no because here’s what you’re thinking you’re thinking if I earn four and pay six I’m losing two well that’s the way that my mind also work when I saw this presentation for the first time if I earn four and pay six I’m losing two however the banker told you the truth and let’s walk through it if you borrow twenty five thousand at six percent for five years your monthly payment is 483.32 a month you take 483 32 times 60. so that means over the course of those five years or 60 months you’re paying twenty almost twenty nine thousand dollars for that car 25 000 in principle and 4 000 in interest are you with me so far that same money over here and your savings or checking account at your bank that twenty five thousand dollars earning four percent over the same equal time period five years or 60 months you actually have a total of thirty thousand five hundred and twenty five dollars now here’s my question is this number right here thirty five twenty five a larger number than twenty eight nine nine nine or do you guys do math differently than I do in Florida that’s right it’s a bigger number well how can that be how can you possibly have more money earning four at the same time you’re paying six well here’s what’s going on ladies and gentlemen boys and girls the car balance is on a decreasing balance you’re paying that down every month it’s going down it’s on a decreasing balance the money that you have in your checking your savings account earning four percent is going up so one goes down and the other one goes up but see our minds are not programmed to think that way because we think if we earn four and pay six we’re losing two percent we have to start learning how money works now all I wanted to do is prove to you that you can make money all day long earning for and paying six now why is that important well there is a method to my madness and let’s go through that the machine that we’re going to use to build keep and create wealth are you ready for it here it comes the machine is a whole life policy in a mutual company that pays dividends now I wish you could see a lot of your faces right now because here’s what you’re saying you’re saying what a whole life insurance policy to build keep and create wealth why on Earth would I ever want to do that I mean why would I want to build wealth by using a whole life insurance policy a lot of you are saying I know everything there is to know about life insurance and I would never want to use that vehicle to build well well let me just tell you you do not know everything there is to know about this because if you did you would already be implementing it in your own life so why are we going to use a whole life insurance policy to build keep and create well well there’s a lot of reasons but the number one reason is is because this is what the wealthy do this is what the rich do the number one purchasers of whole life insurance in the world are conventional Banks conventional Banks own more in whole life insurance than all of their land and their buildings combined now keep in mind this is not any whole life insurance policy no no no this is not the life insurance policy that you can go and buy from your brother-in-law that sells life insurance no this is a specifically designed specially engineered whole life policy that has high immediate cash value one more time high immediate cash value and when I say high immediate cash value that means you can start using the cash value in this policy within 30 days it’s not the policy you can buy from your brother-in-law right we all have a brother-in-law that sells life insurance no this is that specifically designed specially engineered policy now I just told you that conventional banks are the number one purchasers of whole life insurance in the world well how can you check that out to make sure I’m telling you the truth go and Google something called bully b-o-l-i which stands for bank owned life insurance and you will see the hundreds of pages that come up on how much whole life insurance conventional Banks actually owe so all we are going to do is we’re going to imitate and we’re going just to mimic what the wealthy have been doing for over 200 years we are going to reinvent the wheel all we’re going to do is add one step in our financial why we’re going to put money into a whole life policy and then we’re going to use the money after it goes into the policy to buy all the things that we’re buying in life anyway so let’s go back to the four and the six percent why is that important remember I said there is a method to my madness well why are the four and the six percent important well the four percent is important because inside of your policy the guarantee growth rate with the dividends is greater than four percent but I only use four percent because I always like to under promise and over deliver in every one of my presentations and all of my I mean the thing you could Google my name you can YouTube my name and I have lots of different videos lots of material out there all of my material all the numbers I show in real life it actually works better so I like to always under promise and over deliver so the growth rate plus the dividend in the policy is over four percent now let me ask you this question is that four percent is it taxable growth or is it tax free growth that’s right it’s tax free growth and what is our largest erodor of wealth taxes now why is this six percent important the six percent is important because that is the highest interest rate the insurance company is going to charge you to take a policy loan and I will tell you we currently have no insurance companies that we work with that are charging six percent or policy load so again my numbers that I’m showing you here they actually are better in real life so can we make money all day long earning for at the same time we’re paying six and the answer is yes okay so let’s move on now okay the thing we have to agree on is what is the definition of money so if I ask you to tell me the definition of money you would give me a lot of different answers the definition of money all it is all money is is a means of exchange is it not all we do with money every day is exchange it for products and services in other words I exchange money for food food for money car for money money for car house for money money for house all it is is a means of exchange so that’s our definition of money now who in here believes in compound interest yeah you’ve all are raised in your hand you believe in compound interest you’ve been taught compounding is a great thing well let’s talk about compound interest for a minute okay in order for your money to compound your money has to sit still does it not yeah so like if I want this twenty dollar bill that I have in my hand to compound I have to take it to the bank I give it to the bank teller and I have to keep it in the bank so if I go back to the bank to get that money in a week a month a year that money is no longer compounding is it so it has to sit still well motion is a natural law of God everything is in motion right I’m talking my lips are moving my hands are moving the cars are driving by the birds are flying right everything is in motion how many of you would want to eat fish out of a stagnant Pond nobody let me ask you this question how many of you went to the grocery store this last week you went through the fresh produce section of the grocery store how many of you actually purchased fresh produce that you do not intend on eating the answer is none of you because if you don’t eat the fresh produce what happens it’s going to rot and spoil right so it’s it has to stay in motion but compounding stops the motion however we’ve all been taught compound interest is a great thing well I want you to name me one business in the world you pick any business that you want name me one business in the world that actually uses compound interest that you guys give me a lot of different answers but the one common answer I get all the time is Banks Banks use compound interest well let’s think about that the banks really use compound interest no they pay you compound interest and they charge you compound interest but they don’t use it themselves so here’s what I mean okay if I took this twenty dollar bill okay and I took it to the bank and let’s say I highlighted it in yellow and I put my initials on it and I go put that twenty dollar bill in the bank and if I go back and get that twenty dollar bill say in a week are they going to give me the same 20 Bill back no what about if I go back and get it in a day or an hour or 20 minutes from now are they going to give me the same 20 bill that I gave them no they’re not why aren’t they gonna do it because it’s in motion they’re constantly keeping it in motion so Banks don’t let money sit and compound do they how much money does a grocery store make of groceries are compounding on the Shelf if nobody’s buying them zero how much money does a car dealer make if nobody’s buying cars and cars are sitting on the lot zero how much money do you make in your business if things are just sitting and nobody’s buying them how much does like apple make if nobody’s buying computers or iPhone how much money does the airline make if nobody’s flying how much money does the hotel make if nobody’s checking in or checking out how much money do you make in the housing or the real estate business if things aren’t constantly in motion zero zero zero so not one business in the world actually uses compound interest isn’t it a little strange that all the major institutions Banks Wall Street mutual funds insurance companies they all tell you to park your money and let it sit and compound but they don’t do it themselves isn’t that a little strange if it was so good to let the money sit and compound why aren’t they doing it themselves I’m just trying to get you to think about what’s going on so let’s go one step deeper who in here has an IRA or 401k or a qualified plan a lot of you the reason you have an IRA 401k or qualified plan is because that’s what you were taught to do it’s what your parents taught you your grandparents your friends and your colleagues or co-workers right because the reason that you’re putting money in a 401k at Ira or qualified plan is because you want to be able to get more money later well let me ask you the question is there any guarantees that those dollars are going to be there down the road in your 401k Ira or qualified plan are there any guarantees the answer is well no actually there is one guarantee um all right that qualified plan is never that okay that qualified plan is guaranteed to never go below zero but how exciting would that be if that actually happened wouldn’t that suck and who’s controlling that money is it you or somebody else somebody else is controlling the money and how long do you have to wait to get the money out without paying the penalty that’s right age 59 and a half so there’s no guarantees there’s somebody else controlling it and you have to let the money sit there until you’re until you’re until you’re age 59 and a half without paying the penalty you see even when you go get the money the tax is always going to be there on the money no matter when you get it why would you do that why would you let somebody else control your money and it has no guaranteed I’m sure a lot of you right now that are putting money into those plans you have use for that money maybe you have credit card debt maybe you have a house payment or a car payment maybe you want to go out and get it involve in some some Investments you could use that money right now why would you give up control of that money I know that’s what we’re programmed to do let me ask you a few things okay first of all let me ask you this I want you to tell me every single thing you know about your your retirement account your 401k your IRA your qualified plan tell me everything you know about that account wait hang on don’t tell me I’ll tell you what you know here’s what you know the thing you know is if that account goes up or down based on the quarterly statement that you get and you may know if those dollars are invested in a low moderate or high risk category but other than that you guys don’t know crap about that plan that you’re in let me ask you one final question how many people I want you to think of everybody that you know at retirement age think of everybody you know and it might even be you how many people have you ever met at retirement age that are totally happy ecstatic delighted joyful thrilled about how their 401K Ira qualified plan has performed for them probably none of you or very few of you because all of you every one of you on this call you all know people at retirement age that are out there in the workforce working not because they want to be working because they have to be working because they’re 401K their Ira their qualified plan did not perform as expected I’m just trying to get you to think about what’s going on let’s go a little deeper let me ask you a few questions is a dollar worth more today or in the future that’s right today if you ever forget that think about how many candy bars you could buy 25 years ago for a dollar how many you could buy today for a dollar our tax is going to go up or go down that’s right they’re going to go up even if taxes don’t go up aren’t we taxed on additional items all of the time absolutely so even though taxes have constantly gone up for the last 80 plus years eve even if they don’t go up we’re taxed on additional items all the time and if you have a choice to pay tax on the small amount the seed or the large amount the Harvest which one would you rather pay tax on that’s right the C I agree with all three of those answers but by you putting money in a 401k Ira or qualified plan you are violating every one of these answers because what you’re doing is you’re giving up good dollars today to get paid with non-guaranteed dollars in the future remember non-guaranteed dollars because that money is not guaranteed you’re compounding the tax because the tax is always going to be there and when you do pay the tax you’re going to pay it on the larger amount and not the smaller amount just trying to get you to think about what’s going on one more thing and I’ll leave this topic remember what we said we said money is a means of exchange which means money equals food food is money cars money money is car house is money money is housed so let’s say we all like just go out so okay so all of us go out after this event tonight and the thing we’re going to do is we’re going to go to the grocery store and we’re gonna buy a loaf of bread and a gallon of milk are you gonna buy that bread buy that milk and are you going to wait 5 10 15 20 years to eat the bread or drink the milk no man that would be ridiculous wouldn’t it how about if we go out tonight and buy a car or a house are you going to wait 5 10 20 years or even longer to drive the car and move in the house that would be crazy well then why are you doing that with your money you see all those things equal money do they not you see people do things with money that they would never do with things that money buys you would never buy a loaf of bread put it in the freezer and wait 10 15 20 years to eat it but you’ll put money into a 401k an IRA a qualified plan and hope to get the money 5 10 15 20 years or even longer I’m just trying to get you to think about what’s going on oh but wait you guys tell me you say bread but I’m that special snowflake I have one of those really really good 401K Ira qualified plans and I get a match whenever I put money in there well let me ask you this question how on Earth can the match be guaranteed if the principal isn’t guaranteed but let’s just go with your theory and and just say that you get a badge so what that means and I’ll just call it a one-to-one man so we said food is money money is food so what that would mean is we would go buy a loaf of bread bring the bread home put the bread in the freezer and then 5 10 15 20 years or even longer we’re gonna open up the freezer and guess what’s in there two loaves of bread how much better is that second loaf of bread gonna taste that is right it’s still going to be freezer burn just trying to get you to think about what’s going on okay let’s move on now we’re going to talk about how a bank Works make sure you write the questions down don’t try to keep them in your head because you’ll forget them A short pencil is better than a long memory so write the questions down so let’s go talk about how a bank works this is how your bank works I don’t care if you bank at a big bank that we all know the name of or if it’s a small little Bank in a small town I’m gonna say that you have a hundred thousand dollars of your money don’t get wrapped up in the number it could be one dollar or could be a million dollars the point I want you to get is that it’s your money and the thing that you do is you put your money into the bank now remember that I’m gonna say that you found a really really good bank that’s gonna pay you four percent interest on the money that you leave there so whenever you put money into the bank the bank’s gonna pay you four percent now I know they’re not gonna pay you four percent but you found a really really good bank so every time you put your money into that bank that money becomes a liability to the bank because they owe you interest so how does the bank take your money and turn it into an asset the way a bank turns your money into an asset is they load it out right that’s what banks do that’s what they’re in the business for they loan money Banks lend money so here’s what happens you put your money into the bank and guess what you do almost every one of you on this call have either done or will do in the future including myself the thing you did is you went to the bank to borrow money to buy a house right I’m sure a lot of you have done that so let’s just call that interest that they’re going to charge you on the house loan is seven percent don’t get caught up in the numbers I want you to get the concept so the thing that so here’s what happened these dollars are your money you’re the depositor you put money into the bank the bank’s gonna pay you four percent now what they’re going to do is they’re going to load you or somebody else the money you the depositor put in there to go borrow to buy a house and they’re going to charge seven percent if you or somebody borrows money from a bank to buy a house are you expected to pay them back with address and the answer is yes so who’s in control of that transaction the bank what about a car who would hear besides myself has ever went to a bank to borrow money to buy a car let’s just call that eight percent well if you borrow money from a bank to buy a car you have to pay them back with interest who’s in control of that transaction the bank what about a like a house remodel maybe you want to do a new swimming pool granite countertops a basement right you want to add a new patio or a deck you want to get a home equity line of credit let’s call that nine percent if you borrow money from the bank you have to pay the bank back with Idris so who’s in control of that transaction so I hope you see here ladies and gentlemen boys and girls all banks do is they move money in move it out move it in move it out move it in move it out that’s why that twenty dollar bill that I have highlighted with my initials on it is no longer at the bank if I go down there a half an hour after I drop it off to get that same twenty dollar bill because the money is staying in motion okay finally let’s do a debt consolidation loan pay off all the credit cards call that 12 percent well if you borrow the money from the bank you have to pay the bank back with interest so who’s in control of every one of these transactions that’s right the bank now let’s do a little math let’s see how well you did and how well the bank did okay remember I said you found the good bank and that bank is going to pay you four percent interest on the money that you’re leaving there so now what the bank does is they either load you or somebody else the money to buy a house at seven percent so the bank made seven and you made four the bank made seven and you made four how much more did the bank make than you three percent seven minus four is three so now the bank made eight on the car but they paid you four so eight minus four is four on the house remodel they made nine nine minus four is five and then finally twelve minus four then they get a little harder 12 minus four is eight so the bank made twenty percent and you made four percent the bank made twenty dollars and you made four dollars how much more did the bank make than you if they made 20 and you made four how much more did they make and I see a lot of you guys are saying 16 percent close what about 500 that’s right banks are making between 400 and 1300 percent on the money that you leave there each and every day because look if you made four dollars and they made twenty dollars didn’t they make five times the amount of money that you made absolutely so you’re probably thinking well Brent how do I really know that’s true how do I know Banks make 400 to 1300 percent on the money I leave there well here’s how you can check that out you could go get a report it’s called bauerfinancial.com b-a-u-e-r bauerfinancial.com and what you could do is you could get the annual report from any bank that you want a big bank that we all know the name of or a little small Tom bank and I don’t care if you get the annual report from this year last year 10 years ago 20 years ago you will see on that annual report that Banks make no less than 400 percent annually on the money that you leave there each and every year if you think about it it makes sense right because I don’t care where you live you can live in a small town or a big town we all could get into a car we can drive down our okay the thing we can do is drive downtown to our main town of wherever we live and we get to a stoplight and at that stoplight there’s four corners and tell me what at least one building is that you see on one of those corners on almost every major intersection that’s right it’s a bank and are the banks on the bad property The Rundown location bad architecture bad landscaping or are they the nicest buildings in town that’s right they’re the nicest buildings in town and they’re everywhere are they not I mean just think about your neighborhood small town or Big Town whatever you’re driving down the road you see Banks everywhere and every time you see a new building coming up you’re wondering oh my gosh I wonder what that’s going to be a new specialty shop a restaurant and you drive by two or three weeks later and what is it another bank who do you think is paying for all of those Banks we are who’s in control of every one of these transactions the bank how much risk did the bank take to do all of this all of these loans how much risk did the bank take they really didn’t take a lot of risk because whose money did they use they used your money so they really didn’t take much risk now I will agree that interest rate offsets risk so the higher you are as a risk as a borrower that means the higher interest rate you are going to pay for a loan but if you’re too high of a risk is the bank going to loan you the money anyway no all I want you to do ladies and gentlemen and boys and girls is I want you to be the baker in your own life because you’re already doing this you are already doing all of this in your life what you’re buying houses you’re buying cars you’re maybe doing house remodels you’re using credit card who is getting all of your money have you ever wondered where the hell all of your money goes to what we want you to do is start keeping money in your family Recycling and recapturing that money and all we’re doing is we’re adding one step in your financial life all you’re going to do is put money into this whole life policy and you’re going to use that money to buy the things in life that you’re buying anyway there you go there’s my resource bauerfinancial.com I challenge you go look up any bank that you want I would just start with the one that you bank with I would get the annual report from any year you want to get it from and if you find a bank that makes less than 400 percent annually on the money you leave there then you owe it to me to share with me what that bank is and I will change my presentation I’ve been teaching this now for 11 years and three months and I’ve used this same slide for 11 years and three months and I’ve asked the question every time for somebody in the audience to show me a bank that makes less nobody’s been able to show it to me yet but maybe this group will be the first let’s move on I’m going to skip this section right here any part that I skip I will show you how you can go back and watch it later now what we’re going to do is we’re going to get into the fun stuff what I’m going to do now is I’m going to show you how to get all the money back for all the cars you’re going to buy drive and own for the rest of your life so not only not only do you buy the car but you’re also able to get the money back too how cool would that be how cool would it be knowing now that every car you buy for you and your family not only do you get the car but you also get the money back and if you can do that with a car yeah guess what else you can do it with you can do it with anything that you’re buying any product or service at all now remember the machine that we’re going to use to build keep and create well the machine that we’re going to use is a whole life policy in a mutual company that pays dividends why are we using that because there’s no better tool on this planet that has these features and benefits that allows you to do this and if you know of something better please let me know what it is because remember I first heard about this in 2006. so that was about 17 years ago and I nobody has been able to show me another tool another vehicle with these features and benefits that works like this does but if there’s something better maybe I’m missing something and maybe if you can show me what that is I’ll stop teaching this and start teaching what you show me remember the policy it’s not any type of policy it is a specifically designed specially engineered whole life policy in a mutual company that pays dividends that’s right it’s not a vul it’s not an iul it’s not a Term Policy it is a whole life policy in a mutual company that pays dividends okay don’t let people tell you that you could do this with an iul it simply does not work and if somebody tells you if somebody ever tells you that you can do this with an iul here’s what you ask him I want to see the illustration of an iul policy and I want you to show me where that iul policy will never ever lose value you will never ever see that if you look at the guaranteed side of any iul policy every single iul policy in existence on the iul side on okay or I’m sorry on the guaranteed side eventually your cash value could go to zero your loan availability can go to zero and your death benefit can go to zero because the cost of insurance can simply not keep up with the policy it just can’t happen I talk to clients every week that have taken a bloodbath in their iul policies now look I could sell you an iul policy and I could make a very pretty Commission it on that iul policy but I would never ever ever sell you one because I would never buy one myself because it doesn’t work for this concept so here’s what I tell people if you really really really want an iul policy then the thing you do is you put money into your whole life policy with a guaranteed cash value now remember a whole life policy it has guaranteed cash value growth guaranteed growth and the loan availability and guaranteed death benefit growth it can never ever go down every day is better than the day before today’s better than yesterday tomorrow’s better than today that’s not me telling you that that is in the insurance contract but if you really really are convinced that you have to have an iul policy no problem I’m not saying they’re bad that’s it’s just know that it comes with risk a whole life policy comes with zero risk okay so the thing I tell you is put money into your whole life policy take a loan from your whole life policy and now go buy an iul policy as an investment all right but the investment comes with risk the definition of an investment is something that can go up it’s something that can go down see a whole life policy even though a lot of people think it’s an investment it’s really not because a whole life policy can never go down in value It could only increase and the definition of investment is something that can go up and can go down so use your whole life policy exactly the way that I do to go and fund all of my investments now in this policy the thing you have to do is you have to pay a premium but the good news is is that you get to choose the premium amount that you put in I have over 7 000 clients in every state of the country I have never told anybody and if if there are clients on right now that our clients of the money multiplier in the chat box or q a I don’t know I’m not sure which box to put it in have any of us on the money multiplier team ever ever told you how much money to put in your policy and I would guess the answer is no now maybe you’ve asked for some help but we’ve never told you how much to put in you decide the amount to put in and you decide how often you want to put it in whether it’s monthly orderly twice a year annually and you can always change the mode of how you’re putting it in and you can also always lower the amount by at least 60 percent that you’re putting in it is time goes on you could even lower it where it comes down even lower than that now not that you would ever want to do that right not that you would ever want to lower it the only way you would ever want to lower your premium is if you have a severe Financial catastrophe or disaster and it happens in the first two years of the policy but other than that you would never want to lower it okay time out for a drink a premium is a payment right I I mean I get it we get it in the mail we got to pay a payment but if you notice on the screen I say a premium is a deposit well it’s really a payment however if you put money into an account and you have immediate cash value and remember by definition of immediate is within 30 days is that money now treated more like a payment or a deposit that’s right a deposit and tell me what word you like better payment or deposit deposit have you ever made too many deposits in your bank account no so in your mind you have to think of this as a deposit I know it’s a payment but you have to kind of do a paradigm shift and think of the premium as a deposit now age doesn’t matter and death benefit doesn’t matter that’s right we are not sitting here today talking about life insurance and death benefit although you have life insurance you do have a death benefit so that’s a bonus that’s the bingo that’s the icing on the cake the cherry on the ice but the reason that we’re doing this is for cash value now as I blow this screen up I want you to look here at this cash value column that’s why we’re working together you’re not coming to us at the money multiplier to buy a policy for death benefit and life insurance I mean yeah that’s a great extra bonus right that’s like going you know to your fast food restaurant and all you do is order an A La Carte double cheeseburger and they end up giving you um like fries and soda just because they made a mistake you get extra right so that’s a good thing um I guess probably not good for your arteries but I mean it’s a good thing I guess right so what we’re doing is we’re focusing on the cash value now in this particular instance the premium deposit that this individual is going to put into this policy is ten thousand dollars a year don’t get wrapped up in the number if ten thousand is too much then take off a zero if it’s two at all add a zero or times it by two again we’re not going to tell you the amount of Premium to put into the policy you’re gonna make the decision there’s lots of columns on this screen the one on the left is just policy year year one to eight nine to thirteen all it is is time and then you have age and death benefit now remember I told you not to worry about age and death benefit and that’s why these columns are grayed out okay so don’t even worry about age and death benefit okay we’re talking about cash value okay I get it there’s two or three of you on the line that are totally analytical and you have to know about age and death benefit or you will not hear anything else I say so let me go over it quickly let’s say we have three people they’re all in equal Health but they’re different ages you pick the ages 1846 D 30 50 70. they all walk into the same life insurance store on the same day they’re all in equal health they’re going to put ten thousand dollars into their policy who’s going to have the most death benefit out of those three people that’s right the younger person who’s going to have the least the oldest person that just makes sense right however we’re not doing this for age and death benefit we’re doing it for cash so let me now use this example we have three people they walk into the same grocery store at the same time they each have a twenty dollar bill they’re different ages 10 20 30 20 40 60 30 50 70. they all have twenty dollars in their pocket who’s going to be able to buy the most groceries out of all of those three people that’s right everybody will buy the same amount because age and health does not matter when we’re talking about cash right it doesn’t matter the color of your skin it doesn’t matter the language you speak it doesn’t matter how old you are it doesn’t matter how good you look how well you’re dressed the same twenty dollars buys the same amount of groceries for all three of those people so does age and health affect the cash value of your policy the answer is no and I’m driving that point home because somebody is going to put in the chat box or ask the question live at the end of this they’re going to say Brent this is great information but I’m too old to do it no man you’re not too old to do it the only difference is is that you are not going to have as much death benefit as the younger person or let’s say you’re not even insurable let’s say you just had seven feet of your intestines removed or God forbid you were diagnosed with cancer and you can’t even get a policy well that’s okay you can buy a policy on somebody else that you have a vested interest in and you can own and control every aspect every function of that policy for example you could buy a policy on a spouse a child a grandchild a niece a nephew somebody you have a business relationship with we have many many many people on our team that are not insurable for a health reason or another reason that still own policies they just don’t own them on their bodies they own them on somebody else they have a vested interest in and they control every aspect or function in the policy and this individual is going to put in ten thousand dollars a year into this policy he’s going to pay it for seven years at the end of the third year beginning of the fourth year he’s going to go buy a 25 000 car okay a twenty five thousand dollar car down in real life I would never have you wait till the end of the third year beginning of the fourth year to buy the car I want you to start using the cash value immediately Palestine is immediately within 30 days okay so as you see here in line one it and the cash value available you have immediate cash value to use but in this case I’m gonna wait to the end of the third year beginning of the fourth year now the thing you have to trust me on this just know the earlier you start using the cash in your policy and play on a speaker with yourself the bigger the numbers are going to get you just have to trust me on that all right so in this case he’s going to wait to the end of the third year beginning of the fourth year to go out and buy that twenty five thousand dollar car he’s now going to pay himself back with interest he borrowed 25 000 so he’s going to pay himself back 500 a month or 6 000 a year for a period of five years okay so he’s borrowed 25 paid back 30. now let me ask you this question if you borrow money from yourself is it a good idea that you pay yourself back with interest absolutely it’s a great idea but do you guys ever do it no you never ever do it see I don’t even know you guys and I know what you do the thing you do is you put money in the bank and then anytime there’s something you want to buy you go take the money out of the bank you buy the crap that you want to buy and you never ever ever even have a plan to pay yourself back much less pay yourself back with interest well what if you borrow money from a bank do you pay them back with interest absolutely you do and you never skip a beat because if you know if you don’t pay the bank back they’ll come and repossess your crap that you bought they’ll foreclose on your stuff so here’s what you have to do ladies and gentlemen boys and girls from here on out every time you borrow money from yourself you have to pay yourself back with interest because if you don’t you’re saying your money is not as valuable as the bank’s money so treat your money the same way you would treat A bank’s money all right so let’s see what we did here in eight years in eight years we put in ten times seven is seventy six times five is thirty for a total of a hundred thousand dollars okay but the thing we did is we took out 25 to buy the car so if I put in a hundred and took out 25 if I put in 100 and took out 25 how much more did I put in that I took out the answer is 75 000. so my net injection is 75 000. how much cash do I have in the policy in the eighth year that’s right 73-226 if you take 73226 divided into 75 000 that means you just got back 96 or 96 cents of every dollar for that car that you just bought how would you like to have 96 cents back out of every dollar for every car you’ve bought driven to known or every car you’re going to continue to buy driving on because let me ask you this question out of all of the cars you and your family have bought and purchased up to this point in your life how much of the money do you have today here’s a hint zero so if I do nothing else but show you how to get Parker all the money back has it been a good evening no let me ask you this are you still driving the first car that you ever bought no you’re not probably unless you’re really young right you probably aren’t even driving your second car maybe your third car or your fourth car and you’re gonna continue to go through life and buy and drive cars out of all of the cars that you’ve bought driven to know they’re going to continue to buy driving on you’ve got zero zero zero of those dollars back so all we’re doing is adding one step in our financial life we’re just buying a life insurance policy that has immediate cash value and we’re gonna use it to buy the car that’s all we’re doing you’re gonna buy the car anyway you will buy the car anyway we’re just adding this one step okay now watch this I want you to look at year 9 to 13. now we’re gonna go buy a second car because that first car wore out or you’re tired of it or maybe you’re married and your spouse is is tired of walking for the last five years and your spouse house wants a car of Their Own so now we’re gonna go buy a second car in year nine for twenty five thousand dollars where is the money coming from it’s coming from the 73226 I’m no longer putting premium in the policy in this example in real life you would never want to do that but I just want to isolate the car purchases in this presentation so I’m gonna say you’re no longer putting premium in the policy all we’re going to do is borrow the twenty five thousand dollars out for the second car and we’re going to pay ourselves back with interest just like we did on the first car 500 a month six thousand a year for five years which is a total of thirty thousand so again let’s look at year 9 to 13. the thing we did is took out 25 to buy the car we paid back 30. took out 25 paid back 30. how much more did we put back than we took out well if I took out 25 put back 30 my true net injection is five thousand dollars are you with me how much cash do we now have in the policy in year 13. that’s right 95 000 and some change so our cash value grew between year eight and year 13 it grew from 73 to 95. that is a 22 000 growth with a five thousand dollar net injection how do you like buying cars my way is there anything stupid ridiculous or idiotic that I’m doing no man all I did is I bought a stupid ass life insurance policy and I’m using it to buy the car you see you’re gonna buy the car anyway we’re only adding one step in our financial life now I know what a couple of you are thinking you’re thinking bread why did you just use the word ass that wasn’t very nice well because you see I can see you guys and a couple of you are not paying attention a couple of you are texting there’s somebody watching TV somebody’s watching or washing the dishes and someone else is burping the baby but ever since I used the word ask you put all that other stuff down in your focus now with me on the screen I don’t know what it is but the word ass just brings your attention right back up to the screen so thank you for that let’s see what we did in 13 years now want you to think about how fast the last 13 years has went in your life I’m I’m getting close to 56 years old it just seems yesterday like yesterday I was 43. so 13 years goes by pretty quick let’s see what we did in this example in 13 years in year one to eight I put in 10 times 7 is 70 plus 6 times 5 is 30 for a total of a hundred thousand and then in year 9 to 13 I put in 6 times 5 is 30. so I put in a hundred and thirty thousand but I took out to buy two cars 25 in year four 25 and year nine for a total of 50. so I put in 130 took out 50. put in 130 took out 50. so how much more did I put in that I took out well 130 minus 50 is 80. so my true net injection is eighty thousand dollars how much cash is in my policy that’s right it’s okay to say it 95 000. so wait a minute are you telling me are you saying that I put in a hundred and thirty thousand I took out 50 to buy the cars so my net injection is 80. and here I am in the 13th year with 95 000 in cash and if that’s true which it is how much do those cars cost you to buy drive a known so the way my simple Chiropractic mind thinks is if my Net injection was 80 and I’ve got 95 I made money on those cards not only do you have 95 000 in cash guess what else you have you have two cars on your driveway you have a five-year-old car and a 10 year old car that you’ve owned driven and used the entire time you can continue to own the car drive the car use the car you can sell the car donate the car do whatever you want so did I just show you how to get all the money back on all the cars you’re gonna buy driving on for the rest of your life if I can do this with a 25 000 car tell me could I do it with a fifty thousand dollar car let’s say if I change that number to 25 from 25 and made it 50 000 and instead of paying myself six thousand a year I’m paying myself 12 000 a year what would happen to the number they would just go higher How about if Mama and Daddy had a fifty thousand dollar car what would happen to the number they would get bigger if I can do this with a car and I do it for any thing at all do this for a bicycle could I do it for a boat could I do it for a house could I do it for my taxes that’s right could I pay my state federal local taxes and get all of the money back absolutely could I do it for charitable giving could I give the charity and get all the money back oh Brent that ain’t right man God does not want you to get your charitable giving back well let me just tell you if God did not want you to get your charitable giving back he would not have me on this webinar teaching you how to do it and he would have he would not have you on the webinar learning how to get all your money back now Woody as a matter of fact is there anybody that you know that has added Wings to any churches that has no money no it doesn’t matter what it is we’re turning every liability into an asset every depreciating asset into an appreciating asset have you ever heard of a guy named Robert Kiyosaki Robert Kiyosaki wrote a book called Rich Dad Poor Dad that’s what he’s famous for he also wrote another book called Second Chance in that book second chance this is exactly what Robert Kiyosaki talks about he explains this concept but when you guys read the book you did not understand what it meant because they make it too difficult to understand have you ever heard of a guy named Tony Robbins Tony Robbins he wrote a book called money Master the game in chapter 5.4 of that Tony Robbins book this is exactly what Tony Robbins talks about but again they make it too difficult and too complicated to understand and you read right through it and didn’t know what it meant now earlier I told you that basically you got all the money back for all the cars you’re gonna buy driving own for the rest of your life and did this policy really cost you anything well I say no but let’s go back up here and I want you to look at Year One in the very first year when you put in ten thousand the whole ten thousand was not available to use right but that’s okay are you in this for the short term or the long term you tell me long term but we tend to get hung up in short-term thank you have you ever read a book called A purpose-driven Life by Rick Warren in that book Rick Warren says it doesn’t matter where you start it only matters where you finish and this is The Game of Life there are three rules that you have to follow that are important rule number one I want you to look at policy premium deposit you have to pay yourself first pay yourself first now I sit here and tell you to pay yourself first and you all say I’ve heard about that before pay yourself first but do you ever do it no you never do it see I don’t even know you and here’s what you do every time you get money I don’t care if it’s active income passive income investment income every time that money comes in you put that money into somebody else’s bank account and you go out and buy the crap that you want right so the thing that you do is you pay the house payment the car payment you pay the electric the food the travel the entertainment you pay for Bobby’s soccer practice Susie’s piano lessons your charitable giving and you hope there’s money left over for you you have to pay yourself first pay yourself first and then pay other people rule number two pay yourself with interest treat your money the same way you would treat A bank’s money if you don’t you’re saying your money is not as valuable as the bank’s money and rule number three recycle and recapture all of the money that you’re sending out to others because see guys if you use this concept and you use this system there is no money being leaked out to other people everything is in a closed system that money is staying within your family okay three rules pay yourself first pay yourself with interest recycle and recapture if it works for a car what else is this just in are you sick of having your money lying around not doing anything well we’ve got the solution for you privatemoneyclub.com back to you Chris two other resources I gave you so this is book number four I’ve given you four books now that you have to add to your wealth building Rod lawyer Okay the third one is the Second Chance by Robert Kiyosaki and then Tony Robbins money Master the game the next thing we’re going to talk about is the money multiplier map now we design these maps for you now at this point you’re probably thinking hey Brett this all looks pretty cool and I would like to do this but there’s got to be a charge there’s got to be something how do you get paid to set this policy up for me well great question I’m glad you asked you are never going to write me a check or our company the money multiplier a check for a dime okay we are going to be the ones that do your policy we work with several different insurance companies no matter who you buy a policy from somebody has to be your agent the reason you want to do it with us and not your brother-in-law that sells life insurance is because your brother-in-law has no clue how to do this whatsoever and if he did understand why hasn’t he told you already so the way that we get paid we get paid the same way your car insurance guy or gal gets paid for example if you go to John Smith the Allstate man to buy car insurance the check that you write is not to John Smith you write the check to Allstate and Allstate pays John Smith a commission so you are not going to pay us at all the commission that I get paid is not determined by you and it’s not not determined by me it’s determined by the insurance company the reason you want to use us is because this is all we do we are one hundred percent the infinite banking concept and even if you go to your brother-in-law or whoever that sells life insurance and you say hey man I watch this presentation and they told me about this R Nelson Nash guy becoming your own bank so that other agent says oh yeah yeah yeah I know all about that I can design your policy that way well number one if they knew how to do it why haven’t they told you about it but let’s just go a step deeper if they really know how to do it ask them these questions number one ask them to show you how you can make money how you can make money all day long by borrowing at a higher rate than what you’re earning they’re not going to be able to show you they don’t have a clue number two ask them to show you how you’re going to recycle and recapture and get all the money back for all the cars or any product or service you’re going to buy for the rest of your life they have no clue and number three have them show you how to design this money multiplier map for you they have no clue and this is what our team does for you this map that I’m about to show you our team designs this map for you not just one map they’re gonna update that map for you every four to six months two to three times a year they’re gonna update that map for you that is a service that we provide you and why do you need that map updated because your financial life is constantly changing wherever you’re at today in your financial life is not where you were one five and ten years ago and it’s not going to be where you’re at one five and ten years from now because you’re gonna go through your financial life and you’re gonna buy things sell things when falls down Falls raises demotions just like you’ve been doing your whole whole life so that is a service that we provide for you on an ongoing basis there’s no hidden cost extra charges extra fees it’s not like that iul policy we’re after a certain time in order to keep it alive you got to dump a boatload of more money into it in order to even keep it alive it’s not that at all though remember this is a specifically designed whole life policy in a mutual company that pays dividends all right now remember earlier I told you that I had 984 711 in debt and I paid it off in 39 months after I go through this example you’re gonna see how I did that okay I’m not going to use my exact example I’m going to use a simpler example but you’ll understand this individual it’s a real life example it’s a chiropractor from the state of Minnesota this individual he came and he showed up at our doorstep and he owed these 12 third-party debts okay I’ll read them across okay across the debts so the first several are credit cards he’ll discover Chase American Express Barclays Lowe’s Nordstrom’s Wells Fargo those are all credit cards he had a private load BMW West Marine for a boat a condo and a house in each of those columns it shows you how much he owed shows you his minimum monthly payment his interest rate and how long he had left to pay on them if you add him up left or right it comes up to almost 470 thousand dollars so but remember I like to underpromise and over deliver so I want you to write down on your paper that he owes four hundred and fifty thousand dollars now go over to the left and look at premium deposit he’s going to put in 25 000 a year into his policy that’s his number remember the last guy on the last example put in ten thousand this person’s putting in twenty five thousand you decide the amount of Premium that you want to put in the policy and remember you can pay the policy monthly quarterly twice a year annually you can change the mode you can always lower the amount it’s up to you so on your paper you should have written down that EOS four hundred and fifty thousand dollars you should also have written down that he’s going to put in 25 000 a year to pay down that four hundred and fifty thousand dollars in debt now let’s assume there’s no interest on the debt which there is well let’s assume there’s none how long is it going to take to pay off 450 000 at 25 000 a year that would be 18 years 25 goes into 450 18 years so on your paper he has 450 000 to pay off he’s putting in 25 000 a year it should take him 18 years to do it let’s walk through it and see how he does on the left all the way on the left column all it is is time year one we have policy month 1 to 12 13 to 24 and so on the premium deposit is 25 000. so he so okay so the thing he does is in the first month he puts in twenty five thousand dollars into the policy he immediately how soon is immediately within 30 days he’s going to borrow 14 300 and he’s going to take that money and he’s going to use it to pay down the debt so here’s what he does he takes that fourteen three he pays off all of discover all of Chase all of American Express all of Barclays and he pays lows down from 9 500 to 7 600. he takes the money that he was paying the first four creditors discover is 160 a month Chase is 200. American Express is 200 Barclays is 228. he takes that money that he was paying them and now he’s going to pay himself back into his own bank account which I have labeled as miscellaneous account which is a total of 788. so all he was doing before was paying the creditors but now that he’s paid them off he’s paying himself back the money now by him doing this is he changing his cash flow is he working any harder taking any additional risk or losing control no he’s only changing who gets the money that’s it everything stays the same now remember that money that you pay yourself back that money is yours to use right away again right it’s it’s actually used right away again not 30 days um immediately you can use that money so he continues to pay himself back we get to the end of the first year beginning of the second year month number 13. he now puts in 25 000 again and now he’s able to borrow a larger amount than he was the previous year he can borrow 14 8. so he takes that 14-8 how soon can he borrow that within 30 days he takes the 14-8 he adds the 9400 that he’s been paying himself back the previous 12 months and he has a total of 24 3. he takes that 24-3 he pays off lows he pays off all of Nordstrom’s he pays off all of Wells Fargo and he pays off the BMW from 17 000 to 15 000. he takes that money that he was paying those third-party creditors which is 287 a month to lows 276 the Nordstroms 271 to Wells Fargo he adds that to the 788 he was paying himself back and now he pays himself back 1622 a month is he working any harder changing his cash flow taking any additional risk or losing control no man all he’s doing all he’s done is added one step in his financial life all right now if you notice on the private loan and if you go down there to month 18. the private loan only had seven months left to pay so that loan pays off during the normal course of the loan so now what that does is it frees up 922 a month so here’s what he says he says hey man I’ve been paying the 922 a month for quite a while I’m used to paying the 922 a month so I’m going to continue to pay myself back that 920 to a month so what he does is he just adds the 922 adds it over here to the adds it over to the miscellaneous account 922 plus 1622 is 25.44. he doesn’t have to do that I mean he could choose not to pay himself back it’s totally up to him he’s in total control but he said I’m used to paying it I’m just going to continue to pay it now we get to the end of the second year the beginning of the third year now look what happened month 25. we put in 25 000 again now look what we can borrow 22-4 and let me just tell you this goes back to where I say I under promise and over delivered at this point you can basically borrow dollar for dollar of what you’re putting in because see the policy the values continue to go up the loan availability the cash value the death benefit each and every day is better than the day before today’s better than yesterday tomorrow is better than today that’s not me telling you that is in the policy contract so now look what we do we put in 25 we borrow 22. how soon do we borrow that 22. within 30 days we also have the in our miscellaneous account the previous 12 months we’ve paid ourselves back 25.9 so 25 9 plus 22 4 is 48 3. we take the 483 we pay off the BMW so we add the 500 a month to the 26.44 a month we were previously paying ourselves back in the miscellaneous account and now we’re paying ourselves 3044 a month two months later we have enough money to pay off West Marine so what we do is add the 1261 to the 3044 and now we’re paying ourselves 4305 a month are we changing our cash flow are we working any harder are we losing control taking any additional Risk by doing this no man all we’ve done is added one step in our financial life we bought this stupid life insurance policy and we’re using it to pay down the debt you guys are going to pay down the debt anyway when you do it this way you’re able to recycle and recapture the money a lot of people ask they say well Brett don’t you think it would make more sense just to take that money and pay the debt off first well no because if you do that all that money leaves your family forever just think about it if I’ve got this twenty dollar bill and I just go pay a debt with the 20 Bill if I give it to the Creditor that money has left my family forever it is gone it is gone gone it disappears quicker than a fart in a fan Factory it goes quickly so by putting your money into the policy that money is staying within a closed system you are recycling and recapturing all of those dollars there’s no money that’s being leaked out to anyone else I hope you get that because that is so so important remember it all comes back to paying yourself first pay yourself first you guys aren’t used to doing that you’ve heard it it goes in one ear and out the other but you never do it you pay everybody else first and hope there’s money left over for you from here on out there’s no more excuse for you not to pay yourself first and if there’s another if there is a better vehicle on this planet to do this with these features and benefits then go do it with that vehicle and I hope you call me and tell me what the vehicle is because for the last 17 years nobody’s been able to show it to me all right now watch this if you’ve been sleeping up to this point you have to wake up this this is huge what I’m about to show you let’s see what we did in the first three years in the first three years how much did we put into the policy well you’re 125 year two 25 year 325 for a total of 75. well okay 75 000. I agree how much are we use using so far the first year I used 14 and some change the second year 14 to change the third year 22. so we put in 75 and I’m using 50. we put in 75 and I’m using 50. how much is left in your policy well you’re thinking Brent that’s easy I put in 75 I’m using 50. so 25 000 is my policy no no no all 75 000 is still in your policy it’s in that policy that is growing at a guaranteed compounded growth rate tax-free and the government is completely out of your hair because see here’s what’s going on way these and gentlemen boys and girls every time you put money into the policy and then you take a loan from the policy you are not borrowing your money no no no you’re simply putting your policy up for collateral and you’re taking a loan from the general fund of the insurance company so your money is continuing to grow as if it was all in there uninterrupted compound interest go Google that term and see whose face shows up on the first page and if my face doesn’t come on the first page then you call me and let me know because I gotta have a couple words with my SEO guy the money is growing uninterrupted compound growth in a tax-free environment and the government is completely out of your hair so what better vehicle on this planet allows you to use your money and it’s all continuing to grow as if it was all in there tell me another vehicle that has these features and benefits nobody’s been able to show me one yet I thought you guys would be a little more excited about that but that’s okay I know it’s getting late all right so we continue to pay ourselves back just like we were before now we get to the end of the third year beginning of the fourth year month number 37. now look what happens now okay I want you to look at month 37 we put in 25 Grand how much can we use about 26 000. so that means from this point on every time I put money in I have more money to use than I’m putting I have more money to use than what I’m putting in this would be this would be equivalent to me showing up at your driveway and every time you give me 25 I give you back 26. how many times you want me to show you up at your show up at your driveway constantly right so every year these numbers just continue to get bigger and bigger and bigger my oldest policy which I started in 2008 which is 15 years old now every dollar I put into that thing it gives me like 2.60 to use so if I put in ten dollars it gives me twenty six dollars if I put in a hundred dollars it gives me two hundred and sixty dollars if I put in a hundred thousand dollars it gives me two hundred and sixty thousand and guess what’s going to happen to that policy next year in year 16. I don’t know how much it’s going to give me but it’s going to give me a number than a number larger than two dollars and sixty cents for every dollar that I put in because it’s one year older one year more efficient back the month 37 I have 26 000. plus the 41. I’ve got 67 000 to use so I take the 67 I pay down the condo from 81 to 12. I don’t pay it off I don’t have enough money so because I don’t pay it off I continue to pay myself back the same amount I was paying myself back and forth in the miscellaneous account which is 4305 because remember I said I don’t want you to change your cash flow I don’t want you to work any harder take any additional risk or lose control finally at the end of year four I pay off the condo so now when I pay the condo off it frees up 1179 dollars I add it to the 4305 I was paying myself back and now I’m paying myself to the miscellaneous account 54.84. but look what else I do in month 49 now I put in 25 000 into the premium well how much can I use now 27 000 or at least close enough for government work so now that means I come back to your driveway a year later you give me 25 remember last year I showed up you gave me 25 I gave you 26. now you give me 25 I give you 27. are you liking me a little better this year than last year I would hope so now all of these numbers aren’t made up no they’re this is actually in your policy contract and your illustration so before you ever sign pay or accept the policy you look at these numbers and make sure they’re telling you exactly what I’m showing you so month 49 we have 26 000 almost 27 000 to use the previous 12 months in the miscellaneous account we put in 51. so 51 and 26 is 78 so we take the 78 and we pay down our last third party debt from 181 to 102. all we have left is the house now listen I’ve already paid off 11 of the 12 third-party desks go back to that sheet of paper where I had you write down numbers and I had you write down numbers and I asked you I said how long is it going to take us to pay off this debt assuming there’s no interest which there is and you told me 18 years well here we are at the beginning of the fifth year month 49 and we’ve already eliminated 11 of those 12 third party debts so do you think we may be a little ahead of schedule I would think so all right let’s keep rolling on life just goes on right I’m not working any harder changing my cash flow taking any additional risk we get to the end of the fifth year beginning of the sixth year month 61. we now pay our premium but how much do we pay in the first premium deposit well we only pay ten thousand how much are we supposed to pay 25 well why are we only paying 10 and not 25 okay I’m going to give you a little bonus material stuff you really don’t need to know but the way we design the policy is we design it for high Maximum cash value and the thing we do is we keep it under this thing called the mechline Mec it’s called modified endowment contract so we designed the policy where it has high efficient cash value and we keep it under the mech line so there’s two parts to this policy in this example the total premium was 25 000. so 10 000 or 40 percent of that money was called base premium the other fifteen thousand or sixty percent is called paid up additions writer in the beginning stages of your policy the base premium has zero or very little cash value all the cash value is being driven by the paid up additions Rider so now that the policy is older it’s more efficient in this case it’s 61 months old now the paid up additions is no longer as efficient so what we do is we drop that off so the paid up additions which before was equivalent to sixty percent or fifteen percent on this policy we drop off that fifteen thousand and now we’re only paying the base premium of ten thousand and now the base premium is driving the cash value I want you to think of it like this have you ever seen the space shuttle take off into space it has a space shuttle and two booster Rockets when that shuttle gets way up into the air what happens to those booster Rockets they drop off why do they drop off because it’s no longer needed okay same thing with your policy we’re dropping off the part that’s no longer needed so now we’re just paying the base premium but Watch What Happens now when we put in that ten thousand that ten thousand you immediately have 13 000 to use now I’m not a math genius or anything but I know if I put something if I put ten thousand dollars into something and I immediately remember the definition of a medial is within the first month the first 30 days if I immediately have thirteen thousand that is a 30 increase on my money let me ask you a question how much of your money do you want growing at 30 61 months from them the correct answer is all of it and if you did not say all of it you do not need financial counseling you need severe psychiatric care and I’m a chiropractor remember and you may have what we call a subluxation around C1 and C2 which is the Atlas in the axis and we just may need to clear out that subluxation that you have now what do we do we start a second policy a second policy if you work with us you will never wait more than five years to start a second policy most of you a lot of you on this call have more than one policy and if you do just put in the chat box I have more than one policy I currently have 25 I think Chris has I don’t know nine or ten I think Hannah has five or six I will just tell you we have over 7 000 clients in every state of the country 91 of those clients that have been with us a year longer have more than one policy about 70 percent of those come back to start additional policies before the first year because they see how efficient this process works and how effective that we work with them so we will never have to call you and ask you to start a second policy you will know when the right time it is to do so in this case he starts a second policy and if you think about it a second policy is like another branch office of your bank all right I want you to think of wherever you have your checking your savings account now is there one branch or there are multiple banking branches yeah there’s multiple Banky branches there’s branches all over the place so can you have multiple branches of your banking system the answer is yes all right let’s see what we did we can borrow on the first policy thirteen thousand the brand new second policy we can borrow 14 for a total of 27. 27 plus the 65 we’ve been paying ourselves back in the miscellaneous account for the previous 12 months we have a total of 93 000. well I only owe ninety thousand on the last debt which is the house so I completely pay off that last creditor so what I just did ladies and gentlemen boys and girls is I just eliminated all 12 of those third-party debts almost 470 thousand dollars of third party debt I eliminated that how long did I say it was going to take us to do it 18 Years nope it didn’t take 18 15 or 10 we did it in five years in one month how happy do you think that family was now do you see how I paid off 984 711 in debt in 39 months that’s right I just went quicker that’s all I did I just went faster let’s take a look at this family could they have went faster if they wanted to and pay it off quicker they sure could have they could have put in more premium they could have paid another started another policy earlier they could have paid themselves more back than just the minimum of what they were paying on their minimum payments could they have went slower they sure could have they could have went slower they could have started a lower premium not started a second policy not paid themselves back you see the speed at how you go with this is totally up to you it doesn’t matter how fast you go or how slow you go there is absolutely no risk to everything that I showed you tonight nobody in your state I don’t care what state you live in nobody in your state has ever lost money in a whole life policy in a mutual company that pays dividends it’s never happened go look it up and find it and tell me where it’s at you’re not going to be able to find it right all we’re doing is adding one step in your life the only risk factor the only risk factor in everything I’m showing you is you you are the risk factor and the way you act with the policy and who do you know better than you all right now let’s peel back the onion a little bit more how much money did they actually put into the policy to pay off that almost 470 000 in debt well in the first year they put in 25 the second year 25 third fourth and fifth 25 th that’s 125 plus 10 is 135 plus another 25 is 160. so they injected 160 and paid off 470 000 of third-party debt let’s move on almost done and I know I’m over but I don’t feel good I’m a little sick so I’m a little slower but I’m trying to give you the juice you’re probably thinking who actually does this who does this in our life right why haven’t I heard about this before well I was in Denver Colorado about to give a talk and it was on November 16 2016 because this is the date of the article and this is when I looked it up and I went to espn.com because that’s a great time for sports scores right so cash value life insurance makes Jim Harbaugh college football’s top paid code so here’s what the University of Michigan does they actually purchased a whole life policy in order to use it to pay the salary of the head coach so that’s right if you have a business employees I work with a lot of chiropractors dentist orthodontists you know doctors if you have employees business owners why not use a policy to pay your to pay your employees because the University of Michigan says hey not only can I pay the salary of the coach but I can get all the money back recycle and recapture those dollars and if you know anything about college football and the University of Michigan back in 2016 it was a good thing they were getting the money back on this guy because he was not winning the games that he was supposed to be winning back then he’s done a little better lately but back then no Walt Disney after failing in the pursuit of traditional means of financing Walt Disney had to provide his own financing and here’s what that means Walt Disney went to a bank and said hey I got this idea it’s called Mickey Mouse and Donald Duck and they’re like what that’s crazy we’re not going to lend you any money so a large part of the resources he had to collaterally borrow from his cash value life insurance to start Disneyland who knows if Disneyland would ever be in existence if it wasn’t for cash value life insurance same thing with Ray Kroc and McDonald’s he had to borrow from his two cash value life insurance to cover salaries of key employees and he also used some of that money for an advertising campaign called Ronald McDonald have you guys seen Ronald McDonald lately where’s he at Pampered Chef Doris Christopher in 1980 in her suburban Chicago home had to borrow three thousand dollars from her life insurance policy to start this business called Pampered Chef which she later sold the Warren Buffett for 1.5 billion B billion billion with a B dollars who knows if Pampered Chef would have ever been a Thing If Doris Christopher was not able to borrow the money to start her business from her cash value life policy there you go your President Joe Biden this article is nine years old look at the left side of that column Biden has no stocks bonds or savings account it says Biden’s has Joe Biden has six life insurance policies in a mutual company this article was nine years ago who knows how many policies Joe Biden owns now nine years later I can only imagine how many he owned or maybe he doesn’t own any at all maybe they all belong to Hunter I usually lose a half a dozen people with the hunter joke if you do I’ll see you guys drop off all right everybody doesn’t like the hunter stuff the Joe Biden the hunter stuff well tough I’m gonna still talk about it all right Stanford University same thing JCPenney Foster Farms lots of other examples now that you know this information everybody should be doing this see before tonight all you guys didn’t know most of you guys had no clue you knew there was something like this out there but you didn’t know what it was now that you know it everybody should be doing this because if you don’t do this you are not only stealing from yourself but your spouse your children your grandchildren and future generations to come because you’re letting money leave the family so like just think about this all of all of us have access to the same Financial tools it doesn’t matter if you’re super wealthy or not wealthy right if you’re super wealthy or not wealthy we all have access to the same Financial tools the only difference is is the wealthy understand how to use the tools now that I understand how to play the game I’m just playing the game right along with them I’m not Reinventing the wheel no remember what I said earlier this concept is not brand new it’s been around for over 200 years go out there and research the Rockefellers the Rothschilds the Morgans the stanleys the Barclays go look and see how they built Captain created wealth in their family all we’re going to do is use this same tools that they’ve been using for over 200 years look so have you guys ever heard of a guy named Warren Buffett here’s what Warren Buffett said I don’t know when he said it but I heard it in 2008. now I think about this quote every day of my life and I don’t like complicated stuff I like everything to be simple I’m not complicated at all and here’s what Warren Buffett said Warren Buffett said this he said if poor people would just start doing what rich people do they wouldn’t be poor anymore how much sense does that make all we’re gonna do is mimic and imitate what the wealthy do I am not Reinventing the wheel I am not smart on most stuff I understand this concept I understand money but but really I’m not smart it took me 13 trimesters to go through 10 trimesters of Logan Chiropractic College in St Louis Missouri after I got through school it took me two extra years to actually get my chiropractic license because I kept failing part three of national boards and they only give you the test every six months and I failed it three times I remember my mom sent me this little plaque and it was and it was a placable little chipmunk and he was gnawing on like a piece of wood and at the bottom of the plaque it said a third time as a charm well no it wasn’t mom I didn’t pass a third time it took me four times to pass that stupid test and they only gave it to you once every six months so I had to wait two years so I am not the sharpest tool in the shed I have not the brightest candle in the cake and some people even tell me I’m a couple donuts short of a dozen but I understand this and I understand this quote and all I’m gonna do is mimic and imitate and duplicate what the wealthy have been doing for over 200 years only one or two things are going to happen to every one of us on this call every one of us we’re gonna live or we’re gonna die now I like to use the word graduate but you use whatever words you want if we live are we better off with or without this concept I just shared you hopefully you say with it’s not an when or if we die or graduate it it’s a win right we all have an expiration date we just don’t know when it is but when we pass dire graduate are our beneficiaries better off with or without this concept that’s right with because of the death benefit how much tonight did I even talk about life insurance or death benefit for that matter hardly at all look life insurance is the tool that we’re going to use to build keep and create wealth if I could do this with water bottles I’m holding a water bottle in my hand a lot of you can see it if I could say hey ladies and gentlemen boys and girls go buy a water bottle to build keep and create wealth and you’ll be able to do fine no it’s not a water bottle I don’t know of another vehicle on this planet with these features and benefits how to do it other than a whole life policy in a mutual company that pays dividends that’s designed for high immediate cash value you policies are exempt and linked from judgments and liens in Most states that’s right remember O.J Simpson he was found not guilty in the criminal case of killing the Goldman kid and his wife but he was found guilty in the Civil Trial but did the Goldman family ever get money no why didn’t they get the money where was OJ’s money at remember the late Ken Lay With Enron he owed all those people money they had a judgment against him that those people ever get the money no why where was it it was protected the internal value of the policy grows tax free See you ladies and gentlemen boys and girls what we want to do is we want to pay tax on our money one time one time only we want to get that money into a tax-free environment and we want to have that money get into that tax-free environment and we want it to grow uninterrupted compound interest with the government completely out of our hair do we not the loan on the policy never has to be paid back no no no no the loan never has to be paid back as a matter of fact the insurance company will never ask you why do you want a policy loan and they’ll never ask you if you plan on paying it back because they don’t care the insurance company can never lose and here’s why because the death benefit will always be higher than the loan available and the cash value and whatever you do pass dire graduate even if you had Max loan down on your policy what happens is the death benefit will just pay off the policy loan because they’ve already given you that money while you’re living and the additional money will go to your beneficiaries tax-free so essentially what are we doing we’re using our death benefit money while we’re living instead of waiting to pass it to the next Generation believing you’re going to have plenty to pass to the Next Generation but we’re using that money while we’re living the cash value available all right why are we doing this I went over a lot of things tonight and we’re doing this for a lot of different reasons here’s one so freaking [Music] things I never had if this is something that you want to do here’s what I want you to do oh and remember if you want our ebook send me an email Brent themoneymultiplier.com b-r-e-n-t right at the money multiplier.com Chris at Nago and I wrote this book we will send you we will email you the ebook take a picture of this screen right now anyway there’s my contact information with my texting information there’s my email address if you want to know how this process will work for you you can schedule on that calendar link or there’s probably other calendar links in the chat box that our team has already put in there you can schedule on any of our calendar links just to get your questions answered on how this concept will work for you we’re not going to ask you to buy anything we’re just going to answer your question and hopefully if you decide to implement this in your life you’ll decide to do it with us not that you have to do it with us you can go do it with someone else but I don’t know of anyone else that does it like we do and on on the very bottom there if you want to go back and watch the presentation in the entirety or go and check out any spots that I didn’t go over tonight just go to the money multiplier.com forward slash presentation click on watch Brent now I’m about to throw this to Chris but before I do um a couple resources I want to give you if you haven’t done so already go to our website themoneymultiplier.com we have over 70 plus videos out there go to wherever you get your podcast and so my daughter Hannah Kessler which is on the chat box tonight Hannah has over 60 podcasts so go to the money multiplier podcast wherever you download your podcast Hannah is recording a podcast every single week go watch all the ones in the archives Chris noggle go to chrisnoggle.com follow everything that Chris is doing Chris does a wealth Wednesday webinar every Wednesday at 1 pm eastern time he does another segment every Wednesday at 4 30 p.m eastern time it’s called ask me anything where you guys just rapid fire questions that’s done on a weekly basis so go follow that and then um also I’ll throw out a guy named Burr his name is Devin Burr go to tick tock Instagram YouTube Twitter wherever you do all that stuff Social Media stuff I have a hard time checking email so I don’t know how to do all that but Devin Burr um he’s from Arizona he’s a real estate investor Devin has almost a million followers out there on those social media channels and Devin shows you how he uses this concept to buy all of his real estate so lots of different videos on there I believe you go to Mr underscore bird b r r r r uh but his name is Devin d-e-v-i-n Burr b-u-r-r so check all of that out a lot of good content a lot of good information you can also always Google or YouTube um either Chris noggle or Brent Kessler remember you spell my last name with 1s and not two and there’s tons of information out there I know I went over about 25 minutes I apologize for that Chris and Hannah but I was on a roll and um so I’m gonna throw it back to you and I appreciate all you guys being on and listening and we are here to serve you so any way we can help please reach out Chris and Hannah throw it back to you so um because I actually so somebody asked us at the beginning of the conversation and I actually got this question here recently and I want to see how you answer this and I’m going to tell you how I will respond first but then Dad I want you to give um your answer so you know so somebody asked you know hey if you haven’t already covered this can you please tell us the policy or policies that you print that you actually use to pay off your debt in the 39 months because they’re trying to figure out what premiums what dumping should they do you know what what type of design of the policy so here’s how I would respond to it right I believe that how fast or how slow you go with this concept is totally up to you you know you can start this policy at the minimum premium right you can start at your minimums and just truck along with doing that with with inside of your policies or hey you can go faster than that just to go back to the example that you showed of the Minnesota chiropractor let’s say instead of him doing 25 a year what if he did 50 000 a year into his policy well what would happen he would just go faster than that he would just get there two times quicker so how would you respond to that because it’s just interesting I was asked that earlier yeah exactly right I had a guy ask me that and I think it was a guy and I’ll just call him out his name is Glenn he went to your Jacksonville Ria and he asked that question and all you really got to do is go back to the map he said Brent how did you pay off 984 thousand dollars in 39 months I just went faster and exactly what you said Hannah um just on that example that I showed you where he paid off where he put in a 25 000 premium paid off four hundred and seventy thousand dollars in 61 months if he was putting in more premium he would have paid off more debt or I mean it right it’s it’s all just numbers but I can’t sit here and tell you exactly what I did month you know a month after month or each like month because back when I was doing this I never thought I was going to be teaching this and I was just doing it in my own life but just to give you the high level I mean to get pretty close is I started my first policy in 2008 it was February of 08 I started it with 2 000 a month I I because I had to start a monthly I didn’t have the money to put it all in annually so then I started another policy shortly after that for 2000 a month then I did one for four thousand another one for four thousand and I just kept buying policies so now fast forward now I’m at 25 policies about 700 000 a year in premium and I’m buying a policy once a year once every couple years as just as you know Hannah I’m trying to get anywhere between five and seven hundred and fifty thousand dollars of premium in a new policy that we’re currently working on as you do more you just have you just have more and more money and as the policies get older the policies just continue to grow and get bigger now as far as policy design every single one of the policy designs that I own it’s either base forty percent and Pua of sixty percent or it’s base sixty percent Pua of bua bua of 40 percent I recommend when you buy policies on children that you put more into the base and less into the Pua and that’s my reason for 60 base and 40 Pua a lot of you guys get all wrapped up in these dump ins and you want to put a boatload of money in the policy or you want these policies that are going to give you 80 85 even though close to 90 percent of cash value in the first year I don’t own any of those policies now there’s a place for all of those and we can have an argument all day long to why those are better and compare apples to oranges I personally don’t own any of those super super high first year cash value policies I don’t think Hannah I mean correct me if I’m wrong but I don’t think I own any policies that have any term insurance on them um I’m not a big fan of doing dump-ins because when you do dump-ins and you design those policies that way you got to throw a lot of term insurance on them and it inhibits you from what you can do later that’s just me it’s not a right or a wrong so like if you’re on this and you’re thinking oh my gosh why did they have me do that term insurance or that big dump in everybody is in a different situation there’s no right or wrong I’m just in this thing for the Long Haul um in this to leave my family a legacy and to get as many of these policies as I possibly can get so to answer the question about me personally the design was base 40 Pua 60 unless I bought the policy on a minor and then it was base 60 Pua 40. can you explain more about how you take a policy out on somebody else he’s 74 and um how can they take the policy out can you explain the owner the insured and the beneficiary I can answer but I’ll give it to you yeah yeah I’ll go ahead and answer um yeah so like if if just for some well actually at age 74 as long as your health is okay that’s okay you’re not too old I think Hannah um so the oldest person you got a policy on was like 76 or 77 78. So Okay Age 78. so anyway don’t think because you’re 74 you’re eliminated but let’s just say you are eliminated for age or health so all you got to do is is just have another body that’s going to agree to let you insure them it could be a spouse a child a grandchild a business associate someone you have a vested interest in so they have to agree to let you own a policy on them unless it’s a child of yours and they’re a minor they don’t have to agree because you may basically own that child until they’re 18. after they’re 18 then they have to agree so basically you own and control the policy so there’s three things on every policy there’s the owner so he or she who who he or she who has the gold makes the rules the owner usually pays for the policy then you have the insured individual the insured individual is the is the person that pees in the cup and gives the blood and answers the health question unless it’s a minor then they don’t necessarily have to pee in the in the cup or give the blood and then the beneficiary the beneficiary is who’s going to get the proceeds when the insured passes now the owner and the insured can change at any time and multiple times the only thing that cannot change on the policy is the insured individual but the owner and the beneficiary can change I threaten my kids all the time if they don’t act right I will remove their ass from being my beneficiaries right so just because they’re my beneficiary is now if they don’t act right or screw up I can take them out of being the beneficiary so it’s not a hard process our team will help you with that um all you got to do is tell us kind of what you’re looking at and what you’re thinking kind of like this question because it well it’s a big argument um between like the Dave Ramsey fans of hey by term invest the difference you know well hey when when you graduate or when you pass away you don’t get any of that cash value so so here’s something to understand um because the question is well hey when I pass away what happens to the cash value inside of that policy and so the answer is it’s the same the cash value is literally the same thing as that death benefit because here’s what it is and and sorry if I’m being a little confusing with that statement but here’s what I mean the cash value and the policy is simply a prepayment of your death benefit so to give you a number example let’s make believe you have a million dollars of death benefit on your body and during your lifetime you have taken out and you were using six hundred thousand dollars of loans that’s outstanding on the policy well then what’s going to happen at the time of your passing is that 600 000 will get subtracted from your 1 million in death benefit if you don’t use any of the cash if you don’t use any of the cash value that full a million dollars is going to get paid out to your beneficiaries but because you are using it you are using that 600 the difference that 400 then gets paid out to your beneficiaries so here’s an example for my folks in the real estate world let’s make believe you have a house and it’s worth five hundred thousand and let’s say that you have Equity inside of it of two hundred and fifty thousand no you’re not going to just go and sell the house for 750 000. no no no the house is worth 500 000. you just build up the equity of up to 250. so I hope that analogy resonates with some people yeah I mean I do a bunch of things but it’s right here if someone puts 20 20 grand away each year you can see in year one you know their cat their death benefits 359 but by the 10th year their death benefits 670 186 so why did it increase the cash value drove the the death benefit up because you can’t have more cash value than you do debt benefit it’s that simple Yeah so basically just look at it as the cash value is a prepayment of the death benefit so um at the time of your death you have the full death benefit like in just like Hannah’s example the death benefit is one million dollars and if you have six hundred thousand dollars in cash value and there’s no policy loans then the million dollars will go to your beneficiary well hopefully you’ve been using the cash and the policy while you’re living so let’s just say you’ve got it maxed out and you’ve got six hundred thousand dollars that you’ve taken out of the policy the death benefit is still a million it’s still a million they they just are going to pay off the 600 000 policy loan because they’ve already given you that money while you’re living and the additional money goes to your beneficiaries in this case 400 000 tax free so a policy loan is simply a prepayment of the death benefit the only time you’re the only time your cash value will equal your death benefit is at age 121 at age 121 the insurance company will pay you out your death benefit they don’t want to deal with you past 121 they’re tired of playing with you in the sandbox so if you live to 123 the insurance company will not play with you for the last two years they will pay off okay so your death benefit at 121. so I suggest when you get to about one uh around one around age 118 call us and we’ll start having the conversation good well I think we got to the end we’re about 36 minutes over time so I’m gonna wrap on that folks thank you all for joining us tonight in the chat we did put on there the way to book a call and if you took a screenshot of Brent’s screen you can also book a call directly with Brent so either way we’re standing by waiting to help waiting to take your calls happy to help and happy to do all that but also on there it shows all of the different events we have we have three events going on just tomorrow so please join us for those events tomorrow on the wealth webinar I can cover some of the advanced trainings that we’ve got but there’s the link to schedule the calls I I’ve been trying to share that throughout uh yeah but I’m happy to go through share what I came up with I wanted to show the retirement strategies on what we call it slurp supplemental life insurance retirement planning something that uh you know we’ve covered in in Prior videos that we’ve done so are you telling us that tomorrow at Wolf Wednesday webinar you’re going to go through the slurp method I certainly can all right I say we do that yeah I mean I I got it all prepared I I mean that’s what this is and then I also have you know a slurp for kids and this is ridiculous I mean I just did this on a five-year-old and I just ran it I showed putting eight thousand dollars a year in for 10 years for your child then twenty four hundred dollars a year you know from age or from year 11 to age 50 you put in 161.6 the total income from age 50 to 85 is 958 968 tax free income to your child the cash value at age 50 is 624 000. the cash value at age 85 is still 617 000. so what I’m trying to show you there we took 958 968 out tax free and the cash value hardly you moved from age 50 to 85 that is the power of this that is the power of time and compound interest the death benefit at age 50 was 1.5 million at age 85 after taking almost a million out is still a million 99 000. it’s in in you know this child during their life still had full liquidity the money was all tax-free it provided the ultimate Legacy in what was put in 161 600 from age five to age 85 when I when I kind of just stopped it because I could have kept going and you know listen I have examples where I show you what I did with my daughter and it’s called Vivi Lucky Jeans I’m happy to share all this stuff you know on the webinar but this is the power of it I mean you want to do something for your child you want to set them up for the future I mean come on it doesn’t really get any better than that for a setup it really just doesn’t okay all right no I love it no and I know and uh Chris because you’ve been on the road a lot so go spend time with your family but I will say this once you leave this meeting because you are the host it will end it all I know so I can I can keep it going yeah no that’s okay so so I I guess tomorrow so so um so so that’s that’s all good so tomorrow we’ll go through the slurpot I’m gonna make myself available at one o’clock and uh for everybody I did put the link in the chat so and that’s every single Wednesday the curse goes live at one o’clock Eastern time every week and then actually even after that we do the live 4 30 ask me anything segment I’ll be back tomorrow given for what the f happened in the morning wealth webinar in the afternoon and then ask me anything after that so yep and just real quick all of his uh segments get recorded and they get posted on YouTube so go subscribe to Chris noggles YouTube channel yeah and then for all of you too with what Brent said just just right there in the chat make sure you save that that’s the link to set up a call and then we can go into your particular situations a lot of people had a lot of questions and if you scroll up here I’ll put it in one more time A lot of people are asking how do I register for tomorrow’s wealth webinar so I’m going to put that in there so this is how you register for all of the different events that we have tomorrow it’s right there so the wealth webinar you just go to chrisnoggle.com register for the the wealth webinar the WTF show in the morning you just go on YouTube subscribe and click the alerts button it’ll notify you when we’re going live and then ask me anything same thing the YouTube or Facebook channels to show you how to do all of that awesome all right folks well thanks it was it was awesome Brent always crushes it and Brent like a lot of people were saying you know that they liked when you went a little bit slower you were saying it’s because you know you were you were sick and just getting over it I actually enjoyed it more too when you were a little bit slower because it just lets things land so when you did the car example like things just landed on it so I don’t know maybe there’s something to that instead of an hour and a half maybe we just got to go two hours from here on out yeah anyway so so I pretty soon I’ll I guess I’ll discover a way to get these things to three hours well we’ve done it in the past we can certainly do it again I feel like the older I get the slower I get man but um I have nothing wrong with that man as long as we get the information out there yeah what do they say they say uh slow is fast and that’s that’s the best analogy but with that folks thank you all for joining us tonight we really appreciate it I hope uh you all apply this book some appointments so we can talk about your particular needs and we are here to serve and we’ll be back tomorrow morning 9 30 straight through to serve you even more thanks everybody and have a good night see you guys thanks all right so I hope you guys enjoyed that episode we’re putting up tons of them but I think if you like this one you’ll probably like that video as well not only that I’ve got a book that I created mapping out the millionaire mystery where we actually show you what the wealthy do in the game they play with money I want you to have that for free and if you want to know about all my new videos coming up click that alert button actually smash that alert button and you’ll be notified every time we put a new video so we’ll see you on the next episode oh yeah
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