“They moved $230,000 into a policy, it compounded immediately, and a later client borrowed $800,000 against several policies while cash value kept growing.”
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Said on Entrepreneurs on Fire
Entrepreneurs on Fire · How Successful Business Owners Can Become Their Own Source of Financing with Mark Willis
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Move parked cash from savings/checking accounts into working capital that continuously compounds
“They moved $230,000 into a policy, it compounded immediately, and a later client borrowed $800,000 against several policies while cash value kept growing.”
“In his first four months as the city's park commissioner, he kept crews working around the clock and finished 1,700 park renovations.”
“Move somewhere between 30 and 40% of every locum payment straight into your separate account the moment it lands and call it the tax account”
“You should be using your traditional accounts for your lower returning investments. So if you have a diversified portfolio of cash, bonds, and stocks, use your traditional accounts for the cash and bonds”
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