In life, you need to have a backup when things don’t go according to plan. In your training we call this a contingency plan, in life, we call this risk management.
In this episode of Money Mile, we’ll dive deep into the dangers of the infinite banking strategy–one risk management strategy posing as a good investment strategy. Listen in to learn why banking on yourself isn’t always the best bet.
You will want to hear this episode if you are interested in...
- Using insurance to retain, share, or transfer risk [1:42]
- The risks of the bank-on-yourself strategy [3:02]
- Similar investments [7:11]
- Why these policies have significant surrender charges [10:53]
- Your homework [14:10]
Resources & People Mentioned
- Episode 32 - Risk Management - Olympic Level
Connect With Justin Waller
- https://WallerFC.com
- Waller Financial Coaching on Facebook
- Justin on Instagram
- Justin on LinkedIn
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Audio Production and Show Notes by - PODCAST FAST TRACK
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