Turn a depreciating asset into an appreciating asset.
A simple and common car purchase example:
Car cost $25,000 — term 4 years — interest 7.87%
1) Finance car through bank or other lending institution;
After 4 years you have paid the bank $25,000 + $4,222 = $29,222.00 principal and interest.
Suppose depreciated value of car is now $9,000, subtract that from total cost and that means this transaction cost you $20,222.
2) Finance car using your own private reserve financing strategy.
Borrow, tax and penalty free, the money from the general fund of the mutual insurance company that holds your specially designed for private reserve banking life insurance policy.
As owner of your policy you have first rights to the equivalent of the cash value, so simply make the same payments you would have paid a regular corner bank, only you pay back the insurance company general fund from where the money was borrowed.
After 4 years you have replaced the $25,000 principal back plus the additional $4,222 interest as well, for a total of $29,222.00.
The $9,000 depreciated value of the car added to the $29,222 means we now have a total asset value of $38,222.
However, this is just the beginning. Without giving away the ingredients to our secret sauce of how our private reserve banking strategy works, there are guaranteed growth and non-guaranteed dividends that could potentially put the total asset value at $78,738; over triple the purchase price of the depreciating asset.
After subtracting the premiums and interest paid over the four years the actual asset gain from this transaction is $51,729.00.
What would this look like with an appreciating asset?
How many times do you go to a bank or a credit card to borrow money?
Replace the car with equipment purchases, capital improvements, real estate, vacations, higher education costs, weddings.
It is your private reserve financing system. You can decide when you want to borrow and what you want to buy.
Simply by using the cash value equivalent in your policy as the meter for the amount you can borrow from the insurance companies general fund using the death benefit as collateral, a supplemental retirement income is being created through one’s lifetime.
This is just the tip of the iceberg. Now you can see why I am so happy, or should I say ecstatic.
I am licensed to set up your private reserve banking system. If you are interested in a free-of-charge consultation, give me a hollar. As I said, that is just one example. There are many other benefits as well.
By the way — below is a graph showing the benefits of buying 10 cars over a 40 year period using your own private reserve banking system instead of someone else’s.
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Thank you very much for that great article