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How to Build Wealth with Leverage using Kai-Zen · Rock My Finances

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Unless specifically indicated otherwise. The content expressed or my views only, and not
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necessarily those of Life Po Asset Management Llc. The content presented is in no
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way an investment advice, solutination, or an offer to sell securities or investment
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advisory services. The material is provided for general information and educational purposes based upon
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publicly available information from sources believe to be reliable. I cannot assure the accuracy
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or completeness of these materials. As such, the information these materials may change
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at any time without notice. Reference to these discussions about eye wells and annuities
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are fixed insurance products. Investments on fixed insurance products are different from investments of
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the stock market. Any guarantees provided by a fixed insurance product cannot be assumed
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to be guaranteed for any other investment. Welcome to to Rock my Finances show
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on CA FORAHD Radio and Talk for TV, where we put the fund in
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finance joint powerhouse Jamford jos CDFA CMC and Private Wealth Advisor as she collaborates with
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you to create clarity, control and confidence with your money, your way.
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It's not about the zeros, So what is it all about? Let's find
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out Now. Here's your host and weekly friend, Jennifer Josh. Hey,
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I am so excited about today. We are going to be talking about building
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your wealth and I'm going to be sharing a little tiny secret with you,
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so stay tuned. It is how the wealthy have been doing this for so
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many decades. And this amazing woman that I met last week, I've actually
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been working with her company for years, probably eight nine years now, and
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she created this whole new way to bring it down to us Middle America.
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And so kind of excited to share this with you. But first I'm going
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to share what where do we will we save our money? And we all
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here save right and then keep that little extra and don't spend all your money,
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live within your means, all that stuff. But what do you do
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with the money once you save it? I know we have a big thought
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out there about four owe k in America to say for your retirement. I'm
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going to give you a whole nother little idea on that. I know that
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four owe ks are great or they were great. However, depending on your
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situation, which is what is very big and not discussed, you have a
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unique situation. Not everyone is the same, No one is the same.
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So going to an advisor or getting advice for your specific situation and not listening
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to the masses is the first key thing. The second key thing is where
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are you at in your tax bracket now? Because when we invest into a
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four owen K or a retirement plan that is pre taxed, so there's no
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tax on that. That is the benefit for you for today. Then you
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put it in this big account, it grows over all these years twenty thirty
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years before you hit rich to retirement. Then when you go to retire,
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it is one hundred percent taxable. I don't know about you, but I
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have no idea what our tax rate is going to be when I'm sixty five,
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seventy five, eighty five. So we are saving money on today's tax
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rate, which I'm very well aware of, and hoping that it's going to
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be less down the road. However, if you look at US debt clock
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dot com, you are going to see that we are racking up debt in
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this country like this is ridiculous. So the experts have said that it is
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going to have to raise the tax brackets and tax rates over time. So
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what I like to do is pay my taxes now because it's where I know
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I'm at now. I also we also help our clients right to make sure
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that we're in the lowest tax bracket that we can be in now. By
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in America, you got to own a business because that's with all the tax
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rates change in twenty eighteen. Business owners shined through that. So I don't
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care if you're selling vitamins, I don't care if you're selling pink shiny cups.
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I don't care if you're selling your coaching or on Etsy or whatever you're
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doing. But if you have any type of a small business at home,
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you will get some tax breaks. That'll be a four a whole nother show.
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So with this show, we are going to be talking about when we're
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saving that money, where do we put it? So there's four buckets.
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I'm gonna go ahead and share my screen and I'm going to be bouncing around
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a lot, so bear with me. I'm also going to talk a lot
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as well, so that when you're just in your car listening to this,
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you're actually still going to be able to hear everything and kind of visualize what
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we're doing. So the first thing we're going to talk about is buckets.
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One just let me know if we can see that, okay, because I
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can't see the screen anymore. So if this isn't right, you're gonna have
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to just pop on the podcast and tell me to do something different. Okay.
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So buckets. Our first bucket is our short term buckets. Bucket number
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one. That's our cash, that's our savings. That's our emergency fund.
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That is something that you can get to quickly. You all have checking in
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savings accounts. You might even have a brokerage account that you can get too
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quickly. You might even have the Acorns app. You might have a cash
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app. You might have even your PayPal might have cash in it. Venmo
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might have cash in it, which we need to update hard things here because
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Venmo does have cash. Right. So all of that is just holding your
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liquidity. We call that liquid money. What's going to be paying your bills
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on a regular basis. We also want to be able to get to some
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money quickly. Let's say all four tires blowout. Let's say your air conditioner
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blows out. Something happens that you need to get to three to five to
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ten thousand dollars right away. That's your rainy day fund, emergency fund.
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I call it your holy crap bucket. All of that is in your short
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term cash bucket. The next bucket we call is our mid term bucket.
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This is bucket number two. This is taxed as capital gains, which is
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a very different tax bracket than ordinary capital gains. Now I'm going to say,
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hey, I'm not an accountant, I'm not a tax professional. This
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is just my own personal knowledge. So you'll have to double check all of
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this with everyone. Right, So the capital gains bucket is going to be
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let's say, I open up a I do. I have a brokerage account,
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right, and the leftover from my sale of my home went into this
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brokerage account, and I purchased stocks inside this account. Those gains from those
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stocks are going to be capital are going to be capital gains taxed. That's
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a very different tax brackets, very much lower than income tax brackets. So
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if you don't understand that, educate yourself on income tax brackets versus capital gains
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tax brackets, then you're going to be smart. I'm telling you. Okay,
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So now in our mid term bucket, we want to have some money
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in all four of these buckets, or in our midturm bucket. This is
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like maybe your trust account, maybe your joint account, maybe just your single
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brokerage account. It's just an extra account that we're saving money into. The
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next bucket is our long term bucket. This is our tax free bucket.
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It's not easy to get tax free investments, so what we should say tax
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advantaged in investments. So example would be a roth ira. A roth ira
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is something that you pay the taxes. Now you put into a retirement account,
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which is your roth ira account. It's going to grow tax deferred,
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so you do not have to pay taxes on it every year like you do
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your mid term bucket. So it's going to grow tax deferred and then it's
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gonna come out one hundred percent tax free after you're fifty nine and a half
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and you have the roth ira for at least five years. So that is
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one way to have a tax free bucket. However, there's pros and cons
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to that as well, because you're limited if you make too much money,
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you can't even do a roth and if you're limited on what you can do
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depending on how all you are sixty five hundred and seventy five hundred every year
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that changes, but you can't put gobs of money into a roth ira.
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I actually started my daughter's roth ira when she was very young with her first
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paycheck, So you can open up a roth ira as soon as you have
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earned income. I just helped another client with her son opened up he's nineteen
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going to college, opened up his first roth ira. A good thing with
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roth iras what you put in it, you can take out of it at
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any time because it's already been taxed. However, the growth on what you
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put in it cannot come out until you're fifty nine and a half and it's
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been in there for at least five years, so we can't use that as
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a somewhat of an emergency fund if you have all the other buckets as well,
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because if a catastrophe happened, you could pull money out of your roth
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ira just what you've put in, not the growth. We can talk about
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a roth ira again also later as well. So another tax tax free,
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I want to say, but tax advantaged bucket would be like bonds. If
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you have federal bonds that are not tax so the money that you're making on
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that bond is non taxable, So federal city it would be like your state
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would not have to pay state taxes, but federal bonds you don't have to
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pay the federal taxes on that. We don't get too much into that right
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now because bonds aren't that spectacular. They're getting much better now, however,
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so we might just do like a whole bond podcast. The third way,
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which is my favorite way, which is what this whole thing is going to
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be about today, is the cash value life insurance that is looks I call
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it a super ROTH. It's just like a roth. You pay the taxes
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now, you put money into it, grows tax deferred, comes out one
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hundred percent tax free if you structure it correctly, and you have an amazing
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advisor that's helping you with this cash value life insurance policy. And there's many
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ways to do it. So that's the long term bucket. The fourth bucket
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is your financial independence bucket, which is taxable, which would be like your
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four owen K or your IRA. And we also have Social Security going into
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that as well, because portion of that will be taxed as well. Okay,
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so done with the buckets. Let me see, I'm gonna stop sharing
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and I'm gonna come back and share in a little bit. Okay, did
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all that work. Okay. I can see the comments now on, so
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let me know if anything's up there. Okay, So you hear the four
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buckets, we want money in all of these buckets. So when we're saving
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money, we want money in all the buckets. I know a lot of
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people do have the four owen k's. If your company is matching your three
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percent four percent, that is free money. So that's okay to put into
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the four owen k up to the match. If you have any questions about
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funding it. After that, let's chat. Get with your advisor or get
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with me. Let's see if it was good for your situation, because I
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can tell you I have a lot of people right now that have over a
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million dollars in their four ok we turn them into an IRA once they retire.
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It's a hundred percent taxable. And what happens. I've been in this
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business for so long. I have my people who retire and they have all
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this money and all these qualified accounts, and they want to go on vacation,
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and in order to go on a ten thousand dollars vacation, they have
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to pull out fifteen to twenty thousand dollars to pay the taxes. Guess what
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they don't do it They put off vacations because they don't want to pay the
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taxes. So I help them shift that mindset. And we want to make
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sure that we have all the buckets because what you can do is you can
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pull out five thousand from your taxable account and five thousand from your tax free
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account. Then you're going on a vacation with much less taxes having to be
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paid. I hope that makes sense. But this is what we do in
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distribution phase. We've always heard about accumulating, saving, investing, build your
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wealth. That's great, but we want to build it according to how we're
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going to distribute that wealth. I don't want you to wait forever to enjoy
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your life. I want you to enjoy your life now. I want you
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to, of course save and invest. Obviously, I have a whole company
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built around Diamond. Life planning is built around saving and investing and financial planning.
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That's very important to have a plan. And at the same time,
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I'll have to take into account your lifestyle and your dreams and goals and your
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desires and really, what are you doing on this planet and what do you
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want to do on this planet? So we want to make sure that that's
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being taken care of as well. Okay, so now we have money in
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all four buckets. Now we say, okay, how am I going to
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do this tax free bucket? So here is the trick. It's called cash
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all your life insurance. Yes, I'll have a lot of people say I
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don't need life insurance. What do I want that for? Well, I
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do want to leave a legacy so my kids will be taken care of when
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I pass away. If that's not your gig, that's totally fine. However,
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the life insurance policy is a death benefit and is a life insurance first
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and foremost, So you have to want to have life insurance because they will
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have a death benefit with it. The death benefit comes also with benefits,
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right. It lets your money grow tax deferred inside of the policy, and
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if you loan out of your cash, you be your own bank. Then
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you actually can take those loans out and that money comes to you tax free
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as well. Again, it has to be structured correctly, so with like
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an I. It's called check this out IUL Index Universal Life. You can
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google it. There's actually a RL that I don't even know who does it,
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but it talks all about it. You're going to put money in after
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tax dollars. This is only good for people who are okay with long term
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investments. This is a long term this is until you pass away investment.
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You have to have the money to fund it and into a death benefit in
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order for you to get the tax benefits. And that's why we're doing this
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A big part of why I'm talking about right now for our retirement. I
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just met with the client. They bought a new house, they sold their
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old one, bought a new one. Now they're going to be in retirement.
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They're still working, it's great, but they want to cover that mortgage.
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So this is a great way to cover the mortgage for your spouse for
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your legacy. Leave a legacy for your family. So there is a death
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benefit with it, and you can also use it the money in retirement.
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And then I have my single ladies. We do a large death benefit now
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while they're growing and putting money in building their wealth, but then they're going
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to spend it down to just leaving the kids. The legacy that she wants
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to leave the kids, maybe one hundred thousand per child, five hundred thousand
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per child, depending on which tax bracket you're in, but then we'll spend
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that down to where it just still leaves a legacy for the family. But
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you've used all the cash in the meantime for your retirement. Okay, anybody's
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up there listening, type in the questions one. If there's any questions ever,
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go ahead and put them on there. Hey, Jen, I know
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I'm a wealth of info. Love you. You're awesome, miss Jen.
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Thank you so much. So yeah, just ahead and put out any questions
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on the screen. We'll jump into it. Okay, So now the IUL
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is not what we're talking about. Check out kind of check out my previous
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podcast, Juliete and I did one on the IUL. It's awesome. I'm
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going to supercharge this IUL by using leverage, Yes, the L word leverage.
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So we're gonna talk a little bit about this. I'm gonna share my
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screen again and I'm gonna show you some numbers. Hope I did the wrong
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thing. We're gonna hit present share screen, entire screen, share with the
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video sound as well, which I don't know if I need that. Okay,
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So now we're going to I hope it pops up. Yay, Okay,
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all is well one, you got to be impressed. Okay. So
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this is called kai Zen. This lady that we actually just met, Grace
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last week. She created the kai Zen after doing premium financing for many of
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her clients for many, many, many years. Premium financing means you have
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to be over a millionaire, very wealthy, and you can do the same
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type of thing where you put your money in the bank matches you and then
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you pay the bank back in ten, fifteen years whatever you set it up
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for. The rest is yours, but you get to leverage their money all
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that time, and the money that that's been invested, you get that growth.
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So that's premium financing for the wealthy. She has helped us take this
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down to us making two hundred thousand dollars a year, sometimes one hundred thousand
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dollars a year, then you can qualify for a kai Zen policy. So
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this Kaizen policy is amazing. Traditional traditional retirement plans maybe insufficient, like the
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four owen k's because we are in the market with the four owen k and
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we are at the market's mercy for all of those years. I don't know
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if anybody's experienced two thousand and eight like I did it took us six years
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to jump back to get even right now. The market was down last year.
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I mean, we could be experiencing these downs totally fine because the market
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always does come back. However, how great would it be to be invested
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but not have the down and then be able to capture the upside as well.
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Well, that's what we're going to talk about here. So the Kaizen
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is protecting you and your family. It's your cast cash accumulation policy designed to
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minimize the cost of insurance while maximizing your tax advantage growth. It's leveraging a
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bank loan, and the bank loan gets paid off after fifteen years depending on
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the policy performance, and then the cash value in the policy is yours and
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then you can access it as a retirement. So we're going to dive in
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here. You are going to put in a premium for five years and five
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years only, so you have to have the money and know you're going to
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have the money for five years. We do have people that have come to
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us, you know, one hundred and fifty thousand or something two hundred thousand
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or even more and give us all that money up front so that they don't
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spend it and blow it and lose it. Then they're done. But we
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will put their premium into this policy once a year for five years. If
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you're seeing my screen, it's the little blue man. Then the bank is
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going to match you for the first five years. So let's say in these
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numbers, we're looking at a female here, she's putting in twenty seven one
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hundred dollars each year for five years, a total of one hundred and thirty
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five thousand dollars. The bank is going to add the first five years another
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twenty four thousand dollars to that and some change. Then she stops contributing after
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five years. The bank picks it up in sixth year to tenth year and
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puts in the total amount of the fifty thousand dollars a year. So the
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bank again puts in twenty four thousand, almost twenty five for the first five
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years, then fifty thousand from year six to ten, and then that's it.
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So you have put in a total of one hundred and thirty five thousand.
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The bank has put in a total of three hundred and seventy two thousand,
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and then we let it cook for five years. I hope that makes
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sense. Then after fifteen years, we pay the bank off their money,
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because the bank's always going to get their money, and then we let that
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cook until you're sixty five. When you are sixty five, you get to
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pull out your distribution of thirty six thousand dollars a year from age sixty five
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to age ninety. Now, again this is just an illustration, just a
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hypothetical, just an exam ample, because you actually can do whatever you want
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with your money after the fifteenth year, after the bank's paid off, you
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can do whatever you want. But if you were to take the income of
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the thirty six thousand a year tax free, y'all, So whatever tax bracket
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you're in, add that on thirty six thousand dollars because it'd be more like
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fifty sixty seventy thousand dollars in actuality because it's tax free. So your potential
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distributions if you live to the age of ninety would be nine hundred and thirty
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six thousand dollars if you just funded this iuel by yourself. But since this
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is a Kaisan policy, Kaisen, you're ready for this, you put in
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that one hundred and thirty five thousand dollars. The bank puts in theirs.
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So your income every year is fifty seven thousand dollars tax free from age sixty
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five to ninety. That is amazing. So then you go to pull out
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one point four eight two so one million, four hundred and eighty two thousand
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dollars total of one hundred and thirty five thousand dollars investment. You cannot tell
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me that that is not badass, Like, that is awesome. You still
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have the death benefit at the age ninety of eight hundred thousand dollars, so
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your family still gets that legacy. Doesn't that sound awesome? It's so great.
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Yes, this has been stress tested. Yes, the bank is not
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going to invest into something unless you know that there's going to be the money
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there for them to get back. We all know that, right, Like
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that is absolutely what a bank is going to do. Okay, so I
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know I've got a lot out there. Okay, I'm back to my screen
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now, So if you ask any questions, feel free to ask. Now,
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So what happens is this money is not in the stock market, but
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it mirrors the stock market. So we mirror indexes and you get to choose
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which index you want to put it in, and we talk all, we
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educate you all about that. So we are getting the upside of the market.
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If the market crashes like it or didn't do anything last year, you
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just won't get anything added to your policy. But you cannot lose your money
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inside your policy, so that thirty five thousand dollars that you put in our
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twenty seven thousand a year cannot be lost. Your only thing that comes out
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of the policy is your expenses for the life insurance, mortality and expense rates
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and fees for the insurance company. Now, yes, there's pros and cons
22:45
with everything. Are there fees? Yes, you can see a lot of
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the fees right within the first ten years. That's when most of the fees
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come out. You will always have cost of insurance and that depends on your
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health. So yes, you need to be healthy to have this type of
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a policy. Sorry, sorry y'all. If not, talk to me and
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we'll do an annuity or something different. However, this is great if you
23:08
have if you're healthy, maybe your spouse is healthy. If I do a
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lot of business partners in businesses, we have the two policies on all the
23:17
business owners. I just did one construction for three policy owners and the do
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it all through the business so that they all get the equal It's a there's
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so many things that we can do to protect you on this Okay, so
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some of the frequently asked questions. Before I do that, I'm actually going
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to share my screen and give you a testimonial of someone who's had a policy
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and that's had one for a while. So let me share screen and let's
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go to client testimonials, share audio. All right, let's listen, and
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I'm just here to share with you why I signed on to Kaisen and how
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this is benefiting me. And when I found Kaisen, I to be honest,
24:08
I was skeptical. I called Frederick Bite, my advisor, and I
24:14
said, could this possibly be true? I mean, there's just so many
24:18
wins about this plan that it literally sent my head spinning. So I had
24:22
a great dialogue with Rick. He pointed me into several documents. I did
24:29
a lot of research. I kind of delved in and not only for me,
24:33
does it provide a phenomenal life insurance plan, but also there's a retirement
24:38
plan built in which as a real estate Asian guys, and I'm sure if
24:45
I'm speaking to other entrepreneurs, here you can relate, right, So we
24:48
don't have any kind of a retirement plan set up. So I was super
24:53
attracted to this plan, and I'm going to share a few reasons why I've
24:57
never seen anything like this. Okay, I couldn't believe that I only had
25:00
to make five payments. I was literally dumbfounded because I've you know, I've
25:07
talked to several other people that are making a monthly payment for years and years
25:11
and years, and here I am. I'm done in five payments. In
25:12
fact, I was so excited about the five payments because I said, all
25:18
right, you know, every year I'm doing more and more research. Right,
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There's got to be something else out there. There's better, right,
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No, there's not. So guess what when my five payments were done last
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year, what did I do? I signed on for a second Kaisen plan.
25:32
It was my chance to kind of super charge my plan and in a
25:37
sense catch up, all right, So catch up after paying bills and building
25:41
my business all those early years. So for me, this was definitely a
25:45
huge win win. So if there are any anybody out there that is skeptical,
25:53
don't be. Don't be. I've done the research. As a result
25:56
of the Kaisen plan. You know, I am one confident that my family
26:03
is going to be taking care of if something happens to me. Now,
26:06
for me personally, this is gold because I have a beautiful three year old
26:11
daughter and I'm a single parent. I am a real estate agent, so
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I don't have any kind of a retirement or a life insurance plan built into
26:21
my career. Thank you so much to my phenomenal advisor. We're gonna cut
26:27
that off because I'm your financial fabulous advisor, right, love her. I'm
26:33
so glad that she shared on that. So it is so many benefits and
26:38
there's a whole page. There's so many people that have been doing this for
26:41
years and years and years now. I think it's about ten years old,
26:45
I think, Grace said. And Grace, the owner of Kaizen who created
26:48
all of this, is going to be on the podcast as well. So
26:52
I can't wait to have her. I just spoke with her today and so
26:55
I met her last week, very very excited about that. So that'll be
26:59
coming on as well. So what's the pros and the cons? Right?
27:03
Well, the con is it does cost money. Right, you can do
27:08
a traditional index universal life, which I do all the time, just did
27:12
one again, like we do that all the time. That can be anywhere
27:17
from one hundred bucks a month to few hundred thousand in a year or a
27:21
million a year, Like you could do whatever you want into an IUL.
27:25
If you're going to do upwards of large dollars, then we would want to
27:29
move you over to the kaisen or premium financing because you get more bang for
27:33
your buck. But in a traditional IUL that actually replaces a lot of my
27:37
clients four one ks and in addition too, I should say, because they
27:42
still do the four O one k to get the free money in the match.
27:45
But then extras they will move over to an IUL ten thousand a year,
27:51
fifteen thousand a year, twenty five thousand a year, and then they
27:52
have a death benefit, They have growing cash value that they have access to
27:57
if they need a loan for something. They have living benefits as well,
28:03
meaning if they get sick or hurt, depending on which company you use,
28:07
you actually have a bucket of money that you can go to while you're alive,
28:11
not only when you pass away. So it looks like a somewhat of
28:15
a disability policy. It's not perfect, but it definitely can help in those
28:21
manners. Had a client who had cancer. They we pulled off of the
28:23
death benefit. They went and found treatment and literally lived another three or four
28:30
years, which was what exactly what he wanted to do. So it's a
28:34
death benefit, it's a bank, it's a cash value tax free retirement,
28:38
it's a little bit of a disability policy. It's so many things wrapped into
28:41
one. So I still love the Index Universal Life no matter what, depending
28:45
on you your case that you might have to fund a little bit longer.
28:49
The Kaizen is using a bank. It's money to leverage your money and to
28:56
leverage the growth. And that's what we're doing with when we buy a more
29:00
dry when we buy a car, and we use the banks money. Now
29:02
we're leveraging the banks money all the time. But this way it's just opposite.
29:07
We're using it to build assets and growth and build our wealth. So
29:12
why not, I mean, why not use the bank's money if you can.
29:15
Yes, you do need to make one hundred thousand dollars for at least
29:18
two years. Some states you need to make two hundred thousand dollars. You
29:22
need to be healthy, or at least your spouse needs to be healthy.
29:25
It needs to be on one of you, and you need to have that
29:29
money for five years to fund it. Now, what happens if something happens,
29:32
Well, that actually happened. I had a client who funded it for
29:36
the first year. Life changed with COVID all this craziness. Could not fund
29:40
it anymore. So what we did was we just closed the policy. The
29:44
bank got their money back. Is the bank's always going to get their money
29:47
back first, and then the balance goes to the client. So the client
29:51
did get some money back, it wasn't the full amount of money. So
29:55
we want to make sure that you have the money for the five years and
29:57
then you have the time to let it grow. Let's say you have the
30:00
money for the five years, you let it grow eight years, something happens,
30:04
then what that we do the same thing. We stop the policy.
30:07
The bank gets their money back right away. You either continue the policy on
30:12
your own from there on out or and let it grow, or you get
30:17
whatever's left over at that point. So this is kind of part of a
30:23
financial plan to where you want to make sure that you have the money for
30:26
the five years. You're going to have the money to fund it, so
30:30
that you can just let it sit there and cook for fifteen years. Let's
30:33
say we do that, we pay the bank back in fifteen years, and
30:37
let's say you're pretty young. Let's say you're only forty or something and you're
30:41
not ready to retire or can you leave the money in there. Absolutely,
30:45
it's still going to grow every year. You're getting credited into your policy every
30:48
year, depending on what the indexes are doing, depending on what the stock
30:52
market is doing. So yes, you can let it grow as long as
30:56
you want. But when you turn on that income stream, that's what we're
31:00
looking at. When I tell you the fifty seven thousand dollars a year tax
31:04
free income stream that you would get from age sixty five to ninety. Let's
31:08
say you want to retire at sixty, no problem, you just start that
31:11
income stream earlier, so it's very flexible after the bank is paid off.
31:17
I hope that helps. If that is too long for you to wait on
31:21
the fifteen years and all of that, then we would just do a traditional
31:25
IULL for you so that you still have all of those benefits of the tax
31:30
free growth, tax free retirement, and be your own bank if you need
31:33
that. In the beginning of things, you would just have to pay longer
31:40
possibly or pay more into it to get the bigger bang for your buck.
31:45
But it's still gonna beat so many other choices. And let's just say you
31:51
want to fund all of the buckets like we suggest, So this is just
31:55
a portion of your assets. This is a one bucket for you. You
31:59
still have your for when k if you want that. You still have real
32:01
estate for your capital gains. You still have a stock account possibly maybe even
32:07
commodities. We just talked to a client. They actually have silver bars.
32:10
You know, whatever you want to do. We just want to diversify everything
32:14
because I don't have that crystal ball on what's going to happen thirty years from
32:16
now besides us hopefully on an island, cheers in each other. And when
32:22
people do get one, kai's end. Like I think your name was Claire.
32:25
Yes, you definitely get more because if you are still achieving and then
32:31
you come into more money, then yes, inheritance money is great to put
32:36
in here because you can put it away and forget it. You cannot lose
32:39
your money. It's a great place to be. Again, you have to
32:42
be healthy. Another thing that people are doing for this is parents. My
32:46
age or you know between their sixties. They have all this money. These
32:52
baby boomers, right, we have all this money and we're going to get
32:54
hit with taxes and estate taxes and all that. How can you pass this
32:58
money to your kids? Well, thanks to Grace, they just now started
33:02
that you can actually do this for your child. So you can give them
33:07
part of their inheritance now by making them making them an ensured on this policy,
33:14
but you're funding the policy. So like my daughter Journey, I've already
33:17
checked into it. We can put in I think it's twenty one thousand for
33:22
her. I just say, you know, one hundred and twenty thousand dollars,
33:25
and then we've funded over five years and then she is set. Nobody
33:30
touches it, she doesn't get to touch it until she goes to retire.
33:35
But when she goes to retire, she's gonna have, like I think it
33:37
was one hundred and fifty thousand dollars tax free for the rest of her life.
33:40
Now, isn't that incredible? So if you have money, your parents
33:45
have money, your grandparents have money, they want to give you an inheritance.
33:49
Let's leverage the banks money to set you up for life like that is
33:52
the smartest thing that we can absolutely do. Instead of just giving these kids
33:57
cash down the road, this is something that you could do. Put it
34:00
in your state plan now to be able to pass on some of your inheritance.
34:04
Now, what happens if you want to give them more. It's absolutely
34:07
fine. You can give them more. There's rules and regulations around everything,
34:09
so you do need to get with somebody that knows what the heck they're doing.
34:13
There's only a few companies that can do Kaisen out there. I've been
34:17
fortunate to be with three of those companies over the last eight years, so
34:23
I've been very very well versed on kaisen as well. It's very amazing for
34:29
us people not making a million dollars a year to be able to still use
34:34
the bank's money to leverage and have your assets grow on growth. Okay,
34:37
I'm gonna let you do one more video and let me share my screen and
34:45
hear from other people who have been doing this for a while. Let's see
34:52
share screen sixty second Kaisen play. If your household income is over two hundred
35:01
thousand dollars, your retirement will cost you six times more than your home.
35:07
We all know that banks provide loans to buy a nicer home. But did
35:10
you know that they'll also provide funds to help supplement your retirement savings. This
35:15
provides the potential for sixty to one hundred percent more than your savings could achieve
35:20
a loan. Here's how it works. We take what you're willing to set
35:22
aside and place it into a specially designed life insurance policy Buy Life Insurance.
35:30
In addition to providing death benefit protection, this policy has the potential to earn
35:34
interest without market risk. Plus, it has tax advantages you can't get with
35:37
any other product. It also happens to be super safe for the lender.
35:43
As a result, you don't have to qualify for a loan, provide personal
35:45
guarantees, or even make interest payments. Think it's too good to be true.
35:51
This practice has been used by the wealthy for years. It's your time
35:55
to take advantage of leverage. See if you qualify today click the link in
36:00
the description below. Okay, let me stop sharing real quick, because that
36:08
was not the one I wanted to show you, So let me go to
36:15
a different one that actually talks about Oh that's what it was. Let's get
36:21
out of her and let's go to the previous pay multiples. Uh, there
36:30
we go, so sorry, technical difficulties hanging there with me. This will
36:35
be worth worth it, I promise. Maybe maybe not, I don't know.
36:39
So I love this. I've I've had an eu L for a very
36:44
long time, actually a couple of them. So oh, here we go,
36:49
all right, I found it present share screen client testimonials. There we
36:55
go. Two years ago, I decided I've got to put away more money
37:01
for retirement because I just wasn't meeting my goals. I beginning to realize that
37:07
I was not as preparedfuls coming as I hoped I would be. And what
37:09
I'm looking for was an instrument that allows for tax free retirement income and I
37:15
get bank financing with it. The bank was going to match me three to
37:19
one, so there's my catch up contribution. It's protected against market crashes,
37:23
which is another huge benefit. It's also life insurance for my kids. I
37:29
literally died for fourteen minutes. If I would have had a policy like the
37:34
Kaisan Plan, could have made a lot of different decisions. There's got to
37:37
be something else out there. There was better, right, No, there's
37:39
not. So guess what when my five payments were done, last year.
37:44
What did I do? I signed on for a second Kaisen plan. Gives
37:47
me a little bit more of a comfort zone as I build my portfolio for
37:52
the future. It's just another added piece that gives me. Lets you sleep
37:57
better right night. Awesome. Okay, So this just is giving you a
38:04
little bit of taste on all of this. Let's chat, Let's see if
38:07
it's right for you. And I get people all the time like, tell
38:13
me something new. What else is out there? You know? Like I
38:16
just said the client had silver bars. You know, I know a lot
38:19
of people are doing crypto. There are other things out there than just save
38:23
all your money into the four owing case. There are absolutely other Now do
38:29
I do four own case? Absolutely? I set them up for business owners
38:30
all the time. They are They do have a cost every year, right,
38:35
So it's a good It's really good for the business owner because they get
38:38
to put money in for themselves and they get to put in their own match
38:42
from their company. So it does benefit business owners to do that. And
38:46
you can do individual the life insurance policies and place of or in addition to
38:53
a four owen K for your employees. So if you own a business and
39:00
you have a few people that work for you or a ton of people that
39:04
work for you, and you want them to have more modern type of retirement
39:08
planning. This is it the index universal life is so great these and then
39:15
the Kaisen. We do this as business owners as well. We do it's
39:20
called trisan. So there's lots of things that we can do. I hope
39:22
I peaked a little bit of your curiosity so that we can actually have a
39:29
conversation about this. I can't wait for Grace to be on the podcast.
39:31
I'll share that out as well, because she's going to tell you all about
39:35
it, and they've had policies in effect for ten years now, so she
39:37
can show some stats around that. It's very exciting. This is out of
39:42
the box thinking and I hope you've enjoyed everything that I've shared today and know
39:50
that there's so many different things you can do. First thing is you have
39:53
to have some type of a savings. So yes, we have to be
39:58
making money, spending our expenses and having a net left over. We need
40:04
to be able to have some left over to do something with. If we
40:07
don't have that yet, then this is not going to be a very good
40:10
podcast where you and if you don't have that call me because we need to
40:13
get you making sure you're making enough money so that you can add to your
40:19
buckets and add to your assets that you need for the rest of your life.
40:22
I hope you've enjoyed this. It's weird not having another guest on here,
40:25
but it's really fun. So hit me up. Let's talk about it,
40:30
and let's share more about building that wealth. I want you to be
40:34
able to control it, you to be able to have the confidence and the
40:37
clarity of what you're doing for your whole life. Thank you all so much.
40:40
I appreciate it, and we'll see you next week. Have a great
40:45
day. I want you to be able to say I rock my Finances.
40:49
We appreciate you joining us today, and don't forget to subscribe to the rock
40:52
my Finances YouTube channel for more engagement and bonus content. Tell me what is
40:59
your money story? Let's find out with Jennifer four pm Eastern one pm Pacific
41:04
every Thursday right here on K four HD Radio and Talk for TV. It's
41:09
not about the zeros, It's about the F word, feelings, feelings.
41:14
Jennifer can't wait to explore with you next week. Until then, let's all
41:19
say I rock my finances