How To Become Your Own Banker To Make 100% Returns
Рет қаралды 523,635
Күн бұрынThis is the 5th of 5 ways to stack up a million dollars. So in this episode, I'll give you a sneak preview and show you how to become your own banker to make 100% returns.
To your abundance!
Doug Andrew
Key Moments In This Episode
========================
00:00 Intro & Summary
01:59 What Do Banks And Credit Unions Do
03:51 Where Governments Go To For Help
04:51 Where To Bank Your Own Money
05:43 What Is A Systematic Accumulation
06:49 How To Become Your Own Banker To Make 100% Returns
08:38 How To Borrow Your Own Money
09:36 What Is An Indexed Loan
11:56 What Happens When You Borrow From An IUL
13:15 FREE Copy Of The LASER Fund Book
What To Watch Next
========================
How To Make Infinite Rates Of Return
• How To Make Infinite R...
Did you love this video?
Want to learn more wealth and life empowerment lessons from Doug?
Here are some next steps!
========================
Ready to speak with a Specialist? Book a free Quick Consult here:
3dimensionalwealth.com/getsta...
Want to Learn More? Register For An Upcoming Event:
3dimensionalwealth.com/events
Claim Your Free Copy of The LASER Fund Book
Learn How to Diversify and Create the Foundation for a Tax-Free Retirement
laserfund.com/youtube
Are you a Financial Professional? Register for the upcoming training:
iulinsiderpro.com/
How to Lead Your Family/Business from “ME” to “WE”
entitlementabolitionbook.com/
Visit Doug Andrew’s websites:
3dimensionalwealth.com/
dougandrew.com/
Music
========================
Song: LiQWYD - Glow (Vlog No Copyright Music)
Music provided by Vlog No Copyright Music
Video Link: • LiQWYD - Glow (Vlog No...
========================
Nate Woodbury - KZfaq Producer
/ natewoodbury
#RetirementFund
#TaxFreeRetirement
#Savings
@missedfortune Жыл бұрын
If you're wanting to see how to "Become Your Own Banker" and take greater control of your money, you can setup a time to speak to one of the IUL Specialists we work with directly here: 3dimensionalwealth.com/getstarted
@BeachBuoy 10 ай бұрын
Please could we talk I am in Australia and your information is based on the american system is this achievable in my country
@mortezasaidian6624 7 ай бұрын
Hi Doug can you please show me how to get stated.
@missedfortune 7 ай бұрын
You can choose a time to speak to an IUL Specialist using the link above!
@ValerieRRay Жыл бұрын
The current market buzz certainly offers a fascinating viewpoint. It's quite startling to witness such bold predictions about the future trajectory of certain cryptos and stocks. The fervor around AI and the robo-taxi concept appears to be inflated. Amidst this, it's essential to keep one's feet on the ground and not be swayed by these forward-looking statements. My strategy in this climate has been to trade judiciously, secure profits, and I can't praise Antonia White enough for her stellar work in analyzing charts, trades, and techniques. Her expertise has been instrumental in expanding my portfolio to a whopping $247k in just 9 weeks. I would highly recommend her to anyone looking to grow their investments.
@vitorelucas2553 Жыл бұрын
Please how can I reach out to her? I also want to benefit from her services..
@ValerieRRay Жыл бұрын
@Antoniawhite
@ValerieRRay Жыл бұрын
TG
@RosemaryTWhitmer Жыл бұрын
With the guidelines and instruction given to me by Mrs White, I was able to trad on my own and i made good returns
@momentumstocks3493 Жыл бұрын
@@vitorelucas2553 Sc*am
@glamcraftsbyvanessa790 Жыл бұрын
I'm new to all this but that's why I started following your channel. I like how you explain everything. Very informative, clear and educational
@missedfortune Жыл бұрын
Awesome, thank you!
@PagantoProphet Жыл бұрын
I'm starting late in life, never had any savings or assets. I wanted to purchase a multi family unit and try making it that way. I found this video and was amazed by the way you break it down into digestible pieces. Subscribed and followed!
@Hawksforever99 Жыл бұрын
Love this stuff, Doug! So many valuable golden nuggets to be gained here! Thank you!!
@hartmanklaus6958 Жыл бұрын
Making money is not the same as keeping it there is a reason why investment aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. Well at least my advisor does lol.
@tonyclampotte Жыл бұрын
This superb information, as a newbie it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro advisor?
@hartmanklaus6958 Жыл бұрын
@@tonyclampotteNot at all, having monitored my portfolio performance which has made a jaw dropping $567k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I’ve ever made in my life.
@hartmanklaus6958 Жыл бұрын
@@tonyclampotteI'm trading with Expert mrs Kathleen Susan, a regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously I'm seeing the results.
@hartmanklaus6958 Жыл бұрын
@georgeoliver_Yes of course, I attend her online classes daily.
@hartmanklaus6958 Жыл бұрын
@ArielRCraigSeek-ing her contact info 👇
@myrlandefrancois9256 Жыл бұрын
You're an absolutely great find, full of great content. THANK YOU!! Subscribed!
@livingworkingoutsidebox 2 жыл бұрын
Really enjoy your style of explaining everything. We'll done very helpful 👍
@cameronwilson7823 Жыл бұрын
I’m definitely going to grab a copy this week! Great channel!
@stargazeronesixseven Жыл бұрын
🙏 Thank You So Much Financial Master Doug Andrew for your honest financial investment advices for many greenhorns like us out there! Many Happy Good Blessings in Return to You! 🌷🌿🌎💜🕊
@mccelloncommunications2668 Жыл бұрын
I appreciate the insights... It's great to see a comprehensive series covering different strategies to accumulate a million dollars. I'm hearing more talks of using insurance companies and not banks. I'm particularly intrigued by the concept of becoming your own banker and achieving 100% returns. Learning how to take control of our finances and potentially generate significant returns is valuable information. I'm excited to dive in and explore this strategy further. Thanks Doug!
@missedfortune 10 ай бұрын
You're welcome!
@lawrenceholloway2380 2 жыл бұрын
As a Licensed Insurance Broker I love this channel. Thank you so much for educating us.
@Alchemyvoodoo Жыл бұрын
Same here!!!
@joannawheeler5998 Жыл бұрын
What kind of life insurance is he referring to?🙏
@Alchemyvoodoo Жыл бұрын
@@joannawheeler5998 Indexed Universal Life or IUL
@andrewwolf4430 Жыл бұрын
Yeah you love this scam which you profit from.
@khalilantonio6281 2 жыл бұрын
Doug is the man … priceless info that will def change your perception of situations
@missedfortune 10 ай бұрын
Thank you!
@graceprotocol4842 Жыл бұрын
I'm going to have to get this book Would love to start using this method instead of the banks, which does nothing for me. Thank you for this information Can't wait to start
@dennyoviedo4884 Жыл бұрын
You are one of the best , thanks for the info.
@spacetimeworm Жыл бұрын
Definitely the first I've heard of this, instant sub! 🙏
@wendy2cc Жыл бұрын
I just realized my life insurance is an IUL. I didn't know that you could put money into those accounts 🤯. I need to watch more videos to find out more!!
@glenhoffman5287 Жыл бұрын
I've been looking for this insurance fund for 30 years nobody would tell me this thank you.!!!!
@sousafamilygarden Жыл бұрын
This man is brilliant
@gerhard-jx4rn Жыл бұрын
Can see you are passionate about what you do doug
@Freddyyyy266 Жыл бұрын
I have challenged myself to put away 50% of my monthly income into stocks which is quite easy since I live frugal without debt. I work as an account executive, and make over $20000. $10000 goes into dividends, and the other $10000 covers my my food plus living expenses. I am seeing improvements in my portfolio, dividends look certain, but I have to attribute this to only to guidance of a licensed fund manager who allocates funds to a plethora of assets. I have to stay disciplined, and remember that I’m in it for the long term. Just got my first property and hopefully looking to get another down the road. Good luck to everyone and thanks for the great video.
@Prosper_Pun Жыл бұрын
😮 🤯😔 wish they taught us this in school or my life insurance agent 🤦♂️ OMG thank you so much kind sir. I will pass this knowledge on forever!!! I need that 📕
@CarolynForney Жыл бұрын
School is to train us to be worker bees.
@soapshouse9275 Жыл бұрын
TQ Sir GOD bless you family and business
@castroeladio Жыл бұрын
Great video.. you just inspired me to cut the middle man and just invest in low cost index funds myself and save 1-2 percentage compounding fee by avoiding an insurance company.. again thanks
@TheXLAXLimpLungs Жыл бұрын
Well yes, but you can't borrow on that, so you don't grow if you take out. With the insurance company "middle man" you can borrow and still grow
@Challender Жыл бұрын
Thank You, Doug New subscriber.
@natarajrangayana Жыл бұрын
Great job!
@SumeetSharma41 2 жыл бұрын
It makes sense to borrow money as Index loan and keep your IUL asset as collateral but the bigger question is having a big chunk of money the IUL to do some real business. Accumulating 1 Million takes entire life time for most average people or even half million. So having 200k in IUL u can’t do much business
@BayneParker Жыл бұрын
Reminds me of Sal Goodman for some reason. I Love the message.
@geoffreyreeks2422 Жыл бұрын
Thank you. Regards, Geoff, Reeks
@jeffincanada5060 Жыл бұрын
Doug, you are missing what is going on right now in the economy and in the world. This is the only time in history when the increase in the worldwide death rate is up anywhere from 11% to 35%. I was recently looking at buying a residence in Canada, and had a realtor sending me all of the new listings. Every single one of them was vacant. Vacant home sales happen due to foreclosures, or landlords cashing out, or........... estate sales. The death rate has climbed so high that the estates of the deceased are selling off those properties. So what does that mean for the life insurance business that you are saying we should invest in. Their death claims in North America are up over 40%. That is not something that the actuaries accounted for. So you go ahead and put your money in the Universal Life policies and just watch your money disappear. Just stop urging others to do the same.
@deanakalberg4540 Жыл бұрын
Jeff, I had the same thoughts! In addition to the death rates many of the insurance companies did the same as the banks and sunk money into long term US treasury bonds that are now significantly down for projected returns. Not a good time for Insurances! Hard Assets.
@debralegge8513 Жыл бұрын
Being fair, this was done a year ago. Know what you mean for where we are now, though, everything has gone out the window.
@yerasmus4025 Жыл бұрын
Valid point!
@SanSha2100 Жыл бұрын
Jeff, the value of this video is understanding the concept and not the recommendations. As you rightly said follow your own guts and understanding, at the same time replace the outdated concepts with the most upto date concepts and strategies.
@Rocio36800 Жыл бұрын
Thank you i learned something new today
@BrotherMenes 2 жыл бұрын
I love this information
@sonatventertainment5334 Жыл бұрын
Thank you for this information
@CompoundImpressionsofSource Жыл бұрын
Thank you.
@tycoontotsfinance6729 2 жыл бұрын
Amazing information. I’m going to look into this further!
@TTS777 Жыл бұрын
Hi Dough, great informartion. Was wondering how we would do this in the UK !
@armanifloyd Жыл бұрын
Amen, i do.
@rr884136 2 жыл бұрын
IUL can grow savings reliably for tax free income later, better than money in the bank!
@dennishoyt2348 Жыл бұрын
You got my 'like, share & comment...
@avieda Жыл бұрын
you got me sir ! i'm just starting my financial journey, to take care of my family for generation ahead as i see where the world is going to. thanks for the valuable information, i have 1 question if you may, is this working only in the US? i'm from Israel, can i open a fund like this as a foreign citizen ? thank you again.
@Saad_TheGod 8 ай бұрын
Thanks
@goldensilver793 2 жыл бұрын
Thank you Doug...as usual, good stuff...I pass the channel to others...hope they are coming...⚡⚡👍👍
@nahkaimurrao4966 Жыл бұрын
Step 1: Have a Million $ Step 2: Step 3: Profit
@annecylafleur5516 Жыл бұрын
very good information.
@Footprints1111 Жыл бұрын
The headline says it all. 😜🥳
@BrotherMenes 2 жыл бұрын
So interesting...
@xueshanna 3 ай бұрын
Thank you for your very helpful advice.
@missedfortune 3 ай бұрын
You are so welcome!
@anlfrat8411 Жыл бұрын
This gentleman has a Saul Goodman vibe to him, don't you think?
@abittwisted Жыл бұрын
What is the minimum to start with? What if you are already retired and have minimal cash flow?
@scottmcrae6180 Жыл бұрын
Would love to see that illustration:-) the gtd side, the illustrated side and the actual return over 10 years. And even better, run it on an older client and show me the actual returns after 70. Def agree with leveraging a life policy but can’t understand how you can even begin to make these statements on an iul.
@pandianvijayarengam2186 Жыл бұрын
Good stuff
@confusedzentradi Жыл бұрын
Let me get this straight. I start with $1MM in an IUL account. I then, ahem *borrow*, $1MM from that account to buy real estate. My net balance in the IUL is now $0, yet the insurance company is going to pay me the index rate, 25% in your example, not on my $0 current balance, but my original balance of $1MM? I’m completely sold on this idea. Where do I sign up? Just so you know, I’m not going to buy real estate. I’m going to borrow $1MM then put it back into my account so I get paid interest on $2MM. But wait. I’m then going to borrow against my $2MM, put that money back into my account, then earn interest or the index rate on $4MM. In fact, I’m just going to continuously do this. Eventually I’ll just bankrupt the insurance company using their own money. I don’t even need to start with $1MM. I can start with $1. Obviously I’m not going to do this because your video is abject nonsense. Insurance companies would be subject to this kind of arbitrage and they would not exist. No one pays interest on a nonexistent balance. Just like we do not pay banks or credit cards interest except on outstanding balance, not original balance. Good God , man, stop lying to the poor masses!
@buddy1849 Жыл бұрын
Brilliant
@dalerm66 Жыл бұрын
I live in Spain, is there such a IUL policy here do you know? not yet done the research on that as i just stumbled across your channel. great informative content.
@nigelmurray2532 2 жыл бұрын
Always remember the age old saying,. "fools and their money are easily parted."
@GaryPfingstl Жыл бұрын
Lol .... lots of babble speak.
@GaryPfingstl Жыл бұрын
Salesman selling books.
@Kingyoshi999 Жыл бұрын
And how does one "magically" get to $1 mill? $5000 per month is out of reach for most Americans. 5k a month is equal to $60 thousand a year saved. Which means you are most likely making around $150,000 or more, per year, to save this amount.
@thomasedible7419 Жыл бұрын
Do you have a digital version of your book? Thanks!
@AlvaBranstetter Жыл бұрын
The problem I see is that the average rate paid on a universal life policy is 2-3%.
@b_psychedelic Жыл бұрын
Subscribed. i fucks with you Doug. You're teaching me things that i knew but didnt quite understand. Going to watch more of your videos all day today.
@Essexkiwi Жыл бұрын
Hi: I’m wondering how this would apply to us living in New Zealand? So much of this type of advice and training has very little applicability to us living in New Zealand.
@dmitrijegels1686 Жыл бұрын
Dear Doug, thank you for an eye opening talk. I would like to order the book, but you only ship to a US address. Why not globally? I live in Cape Town, South Africa. Amazon lists it as out of stock.
@12-OneTwo Жыл бұрын
@missedfortune Is there a step-by-step program to start now? Or is it better to get the books? And in which order?
@user-vm4vb9ue3v Жыл бұрын
Wholesaling!
@Voltage360 Жыл бұрын
I’ve been thinking about an iul insurance company for here now what I do not know which one to join is there anyway you could recommend ,appreciate thanks for the knowledge well said
@TommyNTran Жыл бұрын
Hi Doug, I'd like to have a free book and learn more how to save my retirement...I drained it lately.
@breddy1904 Ай бұрын
Love this 🎉, pls send book
@missedfortune 25 күн бұрын
Go to 3dimensionalwealth.com/getstarted to learn more! By meeting with an IUL Expert, you can determine for yourself how the LASER Fund strategies will work for you and your particular set of circumstances.
@CheesenGarlic Жыл бұрын
How would this apply in foreign countries such as the UK?
@chippytwo7920 Жыл бұрын
you're a very good man doug, im from new Zealand. as a young feller we didn't learn this stuff at school .my down fall. thanks for shearing you knowledge, good man
@ithutengmalatji6874 Жыл бұрын
Hi, thank you for the video. Do we have such products in South Africa as I have been searching for a long time
@opalguys9158 Жыл бұрын
With natural hair like yours, what could possibly go wrong. Im all in.
@rhiophiri6857 2 жыл бұрын
I am working hard to become my own banker, to learn how to spend and how to save
@missedfortune 2 жыл бұрын
Great job! Keep going!
@luxclassylifestyleandfashi3582 Жыл бұрын
I need this ASAP
@missedfortune Жыл бұрын
Hey there, you can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
@mitchinvestor Жыл бұрын
How much money do I have to put into the IUL before I can borrow against it?
@mauricetoetoe1137 Жыл бұрын
Wish they had it in Australia..
@alibarrfilmz Жыл бұрын
Great!
@missedfortune Жыл бұрын
Thanks Ali! Hoping you're doing well!
@alibarrfilmz Жыл бұрын
@@missedfortune Thanks, Doug! Doing pretty well. I need to attend another webinar and check in with Aaron soon. All the best to you and your family!
@marinljulj4341 Жыл бұрын
What about the ones who can not put down 250000, I can invest maybe 150-200$ monthly rn
@SuperParatech Жыл бұрын
@5:17 - are you able to comment on European, especially UK options for insurance and savings? The information is great but the rules are different
@martenfaaber8119 Жыл бұрын
Can the same optimizing of assets and minimizing of taxes be done in EU or is it only the US?
@VamboraSingapore Жыл бұрын
is this a US only mechanism, or can it be done in other markets
@adelafaith9604 Жыл бұрын
Not possible in UK- this type of life insurance isn't available 😢
@aluciat333 Жыл бұрын
I have a question. I 62. No savings. Still working. No life insurance. Can I still use your tracings and make a million or more?
@MillerTheOfficialLoFi 7 ай бұрын
Ayo I miss this guys videos from my pinnacle elite days ❤
@JA-ui3gg Жыл бұрын
Do these same mechanisms exist in insurance companies in South East Asian countries like Thailand?
@elidiomazive4803 Жыл бұрын
I loved your educational video...nevertheless, I would love know how can I get your since I not in United States but in Africa, Mozambique.
@thabopule8745 Жыл бұрын
I really appreciate your knowledge and advice. I am in South Africa. How does one access this Max Funded indexed universal life insurance contract if you are in Sourh Africa? Do you know any institution that offers this contract in South Africa?
@collyhlathi180 Жыл бұрын
I'm also here in Mzansi bro I would like to know as well
@gwencampbell9999 Жыл бұрын
Doug I have a question in order to become your own banker how much do you have to have in cash or whatever to get started I mean for the average person would it be $500 or a $1000 or answer how much do you need, Also do you have to be an insurance agent in order to do this or can you do it on your own through someone else once they get you in get you started or rather can you do-it-yourself?
@missedfortune Жыл бұрын
Hi Gwen, you can started with as little as $500/month. Keep in mind, if you’re going to try banking you’ll want more capital than that, but at $500/month you can do it at a small scale. It is very important that you work with a licensed and qualified individual who understands these concepts. If you would like to explore your options with an IUL Specialist we work with, book a time here: www.3dimensionalwealth.com/getstarted
@frankthetank8552 Жыл бұрын
Imagine doing this since 1980 and still needing to try and generate sales on KZfaq. Either full of 💩 or man money got a hold of this cat
@emmagarcia5581 Жыл бұрын
Is this a monthly deposit ? And or onetime lump sum?
@d1.004 Жыл бұрын
Does this work in other tax jurisdictions I.e. Canada, UK , Singapore, Australia, New Zealand or Ireland ????
@Mister.Doodler Жыл бұрын
Thankyou ! And how this is applicable in India
@Mister.Doodler Жыл бұрын
I didn’t get your reply
@anthonyrude Жыл бұрын
What's the minimum you need to put in these insurance contracts?
@Vanessa-jf3xt 10 ай бұрын
Does this make sense for the UK? would love to know
@advocatefinancial5950 2 жыл бұрын
Doug, always great info!! What company / companies do you recommend for the IUL products?
@artkesh7452 2 жыл бұрын
He will never answer to this question.
@gracewong519 Жыл бұрын
I am a licensed agent and I can help you to open the IUL.
@sonofgod7052 Жыл бұрын
Be very careful with choosing a UIL. Most active Infinite Bankers who lend large amounts to a LLC they own will give you very powerful insight on the proper structure at start, the 60/40 split HECV whole life policy is truly what you maybe looking for so ask around to people who have this structure and use it with at least $850k in the policy loan amount, reason being is they can share with you valuable knowledge that may help you get from the $80k level to the $800k level. Hope this was helpful.
@angelvazquez4457 Жыл бұрын
Hello Doug. This sounds great. I wish I knew about this 20years ago. I'm 49 and plan to retire at 60. With less than 500k. How can I make that 1million in 11 yrs? Or is it possible.
@sonofgod7052 Жыл бұрын
It is possible, you just want to make sure you first sit down and talk with someone who is currently an Infinite Banker and has taken a loan from their whole life insurance policy for at least $850K and loaned that money with interest to an LLC that they own and the LLC has used those funds($850k) to invest in Real Estate and have seen that investment pay back to the Infinite Banker which is yourself and they use some, not all of the payment they have received to pay back toward the policy loan. Also make sure when you sit down with an insurance agent you tell them you only want to set up a 60/40 split HECV whole life policy. This is the ideal policy for you to be an Infinite Banker. I hope this helps you get down the road to never being a slave to the bank again.
@yolandawrightklosterman5707 Жыл бұрын
I'm interested
@raw-earth-exploits Жыл бұрын
How do I become my own insurance company???
@carialv Жыл бұрын
Can these loans be done without having a whole life insurance plan?
@romerromero775 11 ай бұрын
Hi, I am new to this channel. Is this applicable to the Australian tax system?. Thanks
@neftymendiola4452 2 жыл бұрын
Hello Doug, I agree on everything your teaching on this video. I too advise my clients on how to max-fund their IUL policies, the only questions I have for you is this…. Which insurance carriers offers an uncapped IUL product? All the carriers I write with has a Cap of 9-9.5%, with that Cap on the market indexed no way they can earn a 20+% return annually like your clients. Pls advise! Thanks
@natesmith9508 2 жыл бұрын
Paclife and Nationwide also offer uncapped options
@lifeofgerardine 2 жыл бұрын
@@natesmith9508 I feel like uncapped rate of returns would typically cost more in insurance costs and fees. Thoughts?
@lifeofgerardine 2 жыл бұрын
@@legacyorliabilitywithsammy7261 I think there’s a catch with uncapped returns. Probably higher cost of insurance and fees? Thoughts?
@natesmith9508 2 жыл бұрын
@@lifeofgerardine There is a threshold you have to reach before your earnings are accounted for. For example a threshold of 8% means your returns are calculated after the strategy achieve 8%. So if the uncapped earned 30% you would net 22% and if the uncapped earned 10% you would only net 2%.
@legacyorliabilitywithsammy7261 2 жыл бұрын
@@lifeofgerardine in some instances. NW has amazing per unit and fee structure and has some pretty good uncapped indexes. Just have to look into each policy
@SD-jd6ix Жыл бұрын
Wonder if this can be done in Australia?????
@user-ok9oq9nt7o 10 ай бұрын
It's unacceptable to me too!!! I have five children in College and I need wisdom now! I need hard earned money working even harder!!!
@fabsnr1 Жыл бұрын
I wonder if this can be done in Aus?
Doug Andrew - 3 Dimensional Wealth
Рет қаралды 31 М.
Doug Andrew - 3 Dimensional Wealth
Рет қаралды 60 М.
Gufee.medalin
Рет қаралды 10 МЛН
Garrett Gunderson
Рет қаралды 69 М.
Mark Bouris
Рет қаралды 176
Doug Andrew - 3 Dimensional Wealth
Рет қаралды 184 М.
Tom Bilyeu
Рет қаралды 2,2 МЛН
Doug Andrew - 3 Dimensional Wealth
Рет қаралды 187 М.