In today’s episode of The Art of Passive Income, we bring back financial advisor and money mentor, Chris Miles—MoneyRipples.com.
Listen in to Round 2 as Mark and Scott talk with Chris about the Infinite Banking Concept. Chris digs deep into what the IBC is from his perspective as a business owner and investor. He shows us how he uses it as a super-charged savings account, making money in two places at the same time.
The guys delve into:
- How it differs from a QRP
- The benefits and the disadvantages
- Debt vs. cash
- Qualifying and set-up time
- The max to put in
And, so much more!
By taking Wall Street out of the equation, Chris leverages whole life insurance to invest while his money is still building, growing and compounding tax-free the entire time.
The hardest part is that you can use it in so many different ways, that it’s your imagination that really becomes be the limitation.
Is this system a no-brainer?
Listen in now and you decide…
TIP OF THE WEEK
Mark: Learn more about super-charging your savings account, go to MoneyRipples.com.
Scott: Check out the app, TryTailor.com for automatic screenshot stitching.
Chris: Everything is about leverage. It’s the ultimate key, especially when you create it towards cash flow. You don’t have to save up millions of dollars. If you can create leverage and get your money working harder for you, it’s amazing how little money you can use to create massive results.
Other Resources Mentioned: Calculator.net
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?