4.8 • 2.1K Ratings
🗓️ 18 November 2023
⏱️ 92 minutes
🧾️ Download transcript
In this captivating exchange with Devin Burr, a dynamic force in real estate, content creation, and insurance, the spotlight turns to the revolutionary use of life insurance policies, particularly the game-changing concept of Infinite Banking.
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Connect with Devin!
Instagram - https://www.instagram.com/mr_brrrr/
Infinite Banking - https://moneyschoolrei.com/devin-burr-register45459101
Check out Horizon IRAs here - https://www.horizontrust.com/
Devin, known as Mr. Brrrr, is also the third-largest advocate of Whole Life strategies.
He began his journey into wealth by making a strategic shift from wholesaling to embracing the Burr method for real estate in 2020. He unfolds the potential of channeling funds through a meticulously structured life insurance policy, unleashing the power of what he terms as Infinite Banking. Devin likens this approach to banking practices, focusing on lending and making loans, but with extraordinary perks. The returns, a remarkable 5-6 percent, outshine those in the stock market, and the best part—they're tax-free. Furthermore, the policy guarantees a steady rate of increase and provides a robust shield against legal entanglements.
Devin takes us on a thrilling ride through the mechanics of this innovative strategy, where policyholders can swiftly borrow against the policy, enjoying a streamlined loan approval process. Complete autonomy rests in the hands of the policyholder, who can decide when, or if, to pay back the loan, ensuring a fluid and adaptable approach to funding the policy.
The conversation delves into the fascinating realm of foundations and trusts, revealing how a well-structured foundation and trust, with the right beneficiary setup, can be a game-changer, offering not just financial flexibility but tax exemptions as well. Devin provides a sneak peek at his tax-free cheat code for evading taxes, drawing favorable comparisons between private and public foundations. The discourse touches upon the prevailing perceptions of 401(k)s and passionately advocates for the flexibility of self-directed IRAs.
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0:00.0 | Everyone thinks 401k is a great retirement vehicle. It's just not true. |
0:04.2 | There's no guarantee that that money that's accumulating in the stock is going to go up. |
0:08.6 | Like I said, it could go down. |
0:10.0 | Yeah. In a policy, it's guaranteed to do one thing and one thing only go out. |
0:14.0 | So what am I missing? How does it get a guaranteed rate? |
0:16.5 | I always know when the light bulb goes off, and it hasn't happened yet for you. |
0:20.0 | So like, this is probably going to happen here. |
0:30.9 | What's up well builders today? I got myself a man of many talents this guy is in the insurance game. He's in the real estate game and he's in the content game he's |
0:34.0 | someone like me who just could not have a job and then has done a lot of different things |
0:38.1 | I've got mr. burr how the heck did you get that name dude? |
0:44.0 | Dude, thanks for the intro man. |
0:46.0 | Yeah. |
0:47.0 | Pleasure to be here. It's crazy. |
0:48.0 | I love what you're doing with the podcast and helping people and just getting the education out to the people, you know, helping people. |
0:56.7 | So that's what I'm all about and hopefully this does that for people. |
0:59.4 | So, how do I get the name Mr. Burr? |
1:02.1 | Yeah. It's actually my name, Devon Burr. |
1:04.0 | It's not spelled the same, so it's B-U-R. |
1:07.0 | And I was doing real estate investing. |
1:09.0 | I did a wholesaling, flipping, early 2020. |
1:12.0 | No marketing dollars, I was just going to meetups and |
1:15.4 | local events and yep, J-Ving deals. And then I'd noticed I'm like, I'm making some |
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