FAQs on Whole Life Policies - All You Need To Know About Dual Asset Strategy

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

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5 • 831 Ratings

🗓️ 2 February 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode, Kristin Colca picks the Frequently Asked Questions (FAQs) around Dual Asset Strategy and using specially-designed policies as a strategic tool to create wealth. Teresa is financial life designer and educator. She has a passion for formulating innovative blueprints that help her clients grow and preserve their wealth. A respected financial educator, best-selling author, and strategist, Teresa Kuhn is the president and CEO of Austin, Texas-based Living Wealthy Financial Group. Through her radio show, Living Wealthy Radio, she is able to share her passion for learning the real truth about how money works with others. She has counseled thousands of ordinary Americans across the nation, helping them avoid exposing their wealth to eroding factors, Using the unique cornerstone of Bank On Yourself, Teresa enables clients to take charge of their own money. Through proven and time-tested safe money strategies, Teresa and her team provide creative solutions that enable clients to remain financially sound through every life event. Insights: 00:00 Introduction 01: 06 The force behind '100 Year Real Estate Investor' 02:30 Why 'long-term' approach matters 05:05 Top mistakes investors make 09:33 Why 'Whole Life Insurance' - how does it help? 12:44 Is it a bad investment? 14:30 How do these specially-designed policies work? 17:42 How can it be used for different purposes? 21:12 Buying a Whole Life Policy is like starting a business 26:36 How are these Policies taxed? 28:58 What are the potential pitfalls? 33:36 Successful people adopt innovative strategies early on 39:25 Wrap up About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $100,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. Subscribe to this channel: https://ytube.io/3McA Sign up for free training: https://jakeandgino.mykajabi.com/freetraining The resources you need to succeed at every level of apartment investing: https://jakeandgino.com/resources/ Apply for Mentorship: https://jakeandgino.com/apply/ #realestate #multifamilyrealestate #multifamilyinvesting #investing #apartmentinvesting Jake & Gino Facebook: https://www.facebook.com/jakeandgino/ Jake & Gino Twitter: https://twitter.com/JakeandGino Jake & Gino Linkedin: https://www.linkedin.com/company/jake-and-gino-llc/ Jake & Gino Instagram: https://www.instagram.com/jakeandgino/

Transcript

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0:00.0	Welcome, everyone to the 100-year real estate investor podcast.
0:12.0	And my name's Kristen Kulka.
0:14.1	Today I'm here with one of our co-founders, Teresa Koon.
0:17.2	Teresa has been working with specially designed Whole Life insurance for over 35 years. And personally,
0:22.9	she's been my mentor for over 10 years. I've learned everything I know from her. And every time I
0:29.6	talk to Teresa, I learned something new. So I'm excited, Teresa, for you to share your wealth of
0:34.6	information with our listeners today. Teresa, I know you know this.
0:39.1	When we talk to clients, there are questions that seem to come up over and over again, right?
0:44.8	So we wanted to have a Q&A with Teresa today to help answer some of those questions.
0:50.1	Thank you, Kristen, for that very sweet introduction.
0:53.1	And I hope you haven't learned everything from me,
0:55.7	but you've been an amazing student of financial services and whole life insurance. So kudos to you.
1:02.4	Well, thank you, Teresa. And let's dive right into those questions. So first of all, and probably most
1:09.2	importantly, where does the 100-year mindset come from?
1:13.3	Well, the 100-year mindset really is the brainchild of Rick Sapio, who is one of our co-founders,
1:19.9	the 100-year real estate investor. And myself, it was, it's a conversation he's been having
1:26.1	with many of whose, I would say, colleagues and
1:30.5	relationships and associates that he's had over a long period of time.
1:35.1	It was a conversation that I've had and I've developed over a long period of time.
1:40.7	And when Rick became a client of mine, we realized how much we had in common from the perspective of values and our long-term thinking. And but he really has been, I would say, the pioneer in trying to get that thought, that whole body of thinking, that whole body of work out there. And we have collaborated on that will be coming out.
2:03.4	And it was so funny, it looked like you fell asleep.
2:06.3	So we'll have to edit this.
	...

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