How to Be Your Own Bank with Kevin Johnson

Description

In this episode of the Aid to Assets podcast, host Tiffany Watson talks with Kevin Johnson about the concept of infinite banking and how you can be your own bank!

Kevin discusses the idea of taking back the banking functions in our lives and putting our money into specially designed whole life insurance policies. This allows us to earn guaranteed interest, tax-free growth, and dividends. He also explores how this concept can be applied to real estate investing, such as using the cash value in the policy to fund fix and flip projects.

Kevin emphasizes the importance of changing our mindset and taking control of our finances. He discusses the importance of understanding personal financial goals and how infinite banking can help achieve them. Kevin shares information about the reinvestment banking community and the resources available to learn more about infinite banking.

Tune in to discover how infinite banking can revolutionize your financial future!

Key Takeaways

00:00:00Aid to Assets Introduction

00:01:54Understanding Infinite Banking

00:03:04Benefits of Whole Life Insurance

00:06:19Readiness for Infinite Banking

00:14:17Leveraging Life Insurance

00:19:56Borrowing for Real Estate

00:22:02Funding the Policy

00:23:06Infinite Banking Concept

00:24:51Determining Policy Needs

00:35:06Social Security and Retirement