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Confessions Of A CPA - The Capital Equivalent Value of Life Insurance
Manage episode 436522561 series 3561351
Contenuto fornito da Doug MacKenzie, Doug Mackenzie, and John Fox Ward. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Doug MacKenzie, Doug Mackenzie, and John Fox Ward o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
With so many folks focused on accumulation and the rate of return (ROR) they earn, Bryan Bloom created a new metric to determine what you need to accumulate and receive as a ROR with alternative investments (stocks, mutual funds, real estate, etc) to have the (same) capital equivalent value (CEV) you gain with a specially designed and engineered whole life insurance contract. Though this book seems to just focus on this CEV concept, Bryan makes a strong case for combining your (uninterrupted) savings with the borrowing other people's money (OPM) to grow wealthier than you thought possible. IMHO, this is the essence of the Infinite Banking Concept (IBC), pioneered by R. Nelson Nash.
Though, remember, Nelson, took it one step further in his book, Becoming Your Own Banker. He said to capitalize this personal bank big enough, not to just be your own banker, for the financing needs of others :).
John Fox Ward
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