I just heard about it on the Jason Stapleton podcast and he tends to be pretty low-bullshit in things he actually endorses.
Essentially the concept is that you get a whole life insurance policy and then borrow against it to make cash purchases. The value of the plan continues to build like the equity in a home would even if you take out a mortgage against it so effectively you become your own lending institution and borrow money from yourself rather than paying interest on loans.
it sounds like a neat concept and a clever way to make idle money work a bit but i was curious if anyone on here had experience actually doing it?
Thanks
Submitted September 13, 2018 at 12:21PM by stupidrobots https://ift.tt/2MrUDpE
