Dec '24 (edited) • Money Multipliers 💸
Turn Your Normal 9-5 Income into a Wealth-Building System 🏦
What if you could combine your income, life insurance, and credit cards to create a system where every dollar works harder for you?
Here’s how you can leverage a life insurance policy and credit cards to maximize your cash flow:
1️⃣ Fund a high-cash-value life insurance policy: A properly structured Indexed Universal Life (IUL) or Whole Life policy allows you to grow your money tax-deferred while giving you access to its cash value when needed.
2️⃣ Use credit cards for monthly expenses: Pay your bills, buy groceries, and handle other living expenses using credit cards with cashback or rewards. This earns you points or rebates while delaying cash outflows.
3️⃣ Borrow from your policy to pay off credit cards: Once the policy has built enough cash value, you
can borrow against it at a low interest rate to pay off your credit card balance—before interest accrues.
4️⃣ Recycle and grow your money: Your policy’s cash value continues to grow as if you never touched it, even while borrowing against it. You essentially "recycle" your income, using your policy to replace the interest payments you'd otherwise make to banks.
Why combine life insurance with credit cards?
- Earn cashback or rewards points from credit cards for your daily expenses.
- Avoid high-interest credit card debt by using low-interest policy loans to pay them off.
- Your money keeps growing in the policy, building wealth while supporting your lifestyle.
Example in action: Imagine you’re income is $7,600 monthly. You allocate a portion to fund your life insurance policy, use credit cards for your monthly expenses, and then borrow against your growing cash value to pay the credit card balances. This way, you’re capturing rewards, keeping your cash in motion, and building long-term financial security—all at once.
Benefits of this strategy:
- Tax-advantaged growth inside the policy.
- Flexibility to access cash for emergencies, investments, or opportunities.
- Continued wealth-building even when borrowing.
- Earn credit card rewards for spending you already do.
This system does require careful planning to ensure it works smoothly. Not all policies are designed for this, and credit card management is key to avoiding unnecessary interest costs.
Curious how this could work for you? Drop a comment or DM me to explore how we can build a system that supports your goals and builds your legacy!
#RetirementPlanning #CashFlowHacks #InfiniteBanking #CreditCardStrategy #LegacyWealth
5
4 comments
Turn Your Normal 9-5 Income into a Wealth-Building System 🏦
skool.com/lwa
Legacy Wealth Academy empowers individuals and families by providing education and resources to develop long-term wealth-building skills.
Powered by