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How does infinite banking work?

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moneyripples.com

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Chris@moneyripples.com

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Sun, Sep 8, 2024 07:37 PM

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The whole life insurance policy is a tax-free, supercharged savings account tucked away in a life in

The whole life insurance policy is a tax-free, supercharged savings account tucked away in a life insurance policy ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ I double dip. Everyone says you can’t double dip a chip. I mean it’s gross—but we sneakily do it anyway when no one is looking. But there is a certain kind of double dipping that I wholeheartedly agree with. I double dip my investments as much as I possibly can. And I don’t feel bad about it one bit. Typically people buy life insurance policies for one reason: just in case they don’t die peacefully at the ripe old age of 110 after a long and fruitful life, life insurance gives you the peace of mind that your remaining family members are taken care of financially. But, rather than focusing on the death benefit alone, there is a lesser-known reason for the RIGHT kind of life insurance policy. I like to think about the whole life insurance policy as a tax-free, supercharged savings account tucked away in a secret compartment of a life insurance policy. One that pays you in two places at the same time. Double dipping. Or infinite banking. Supercharged Savings Account It’s called infinite banking because your “savings account” (i.e., life insurance policy) stays intact while you use the money you borrowed against it to increase your wealth with other cash-flow investments. Your original money stays right where it is, safe and sound in a tax-free treasure chest. Not only does it grow tax free, but you can also take a line of credit against that money to invest elsewhere, grow your business, or blow it all with one roll at the craps table in Vegas. I don’t recommend that last option. Unless you win—in that case, let’s split the winnings and party like it’s 1999. The intention of borrowing money against your life insurance policy is to invest it in a way that it grows more than the interest you pay against the line of credit. It can take a bit to wrap your head around the concept, but once you do, it’s magic. And it opens you up to nearly unlimited possibilities when it comes to growing your wealth. That’s why I nerd out on infinite banking with a whole life insurance policy. It’s a tool most people don’t know about, but those in the know love it. The beauty of it is you don’t have to be a billionaire investor to take advantage of it. Anyone can get started at any level that is comfortable for them. If you are curious to find out how this could work for you, hit reply and let me know. I’m always happy to chat. I’ll bring the chips and dip. Chris [CASHFLOW CALCULATOR]( [INFINITE BANKING]( [CASHFLOW CONSULTING]( [Facebook]( [Instagram]( [Youtube]( Sent to: {EMAIL} [Unsubscribe]( Money Ripples, 224 S Main St #147 , Springville, Utah 84663, United States

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