Mike Bargetto - Driving financial efficiencies with whole life insurance

Is not having access to capital preventing you from achieving a life of financial freedom and expanding your wealth? This week's guest, Mike Bargetto, has found success with a creative approach through whole life insurance! Mike Bargetto co-founded Axiom Wealth Solutions, a wealth strategy company specializing in cash-value Whole Life insurance. Mike and his wife, Kate, also own a portfolio of 30 doors across 5 markets consisting of SFR and Multi-family units. However, they have been aggressively divesting from their personal holdings and deploying more and more capital into syndications as limited partners. Passive income has allowed Mike to focus on his greatest use of time-showing the power of blending permanent life insurance with real estate investing and business ownership. Mike resides in Phoenix, Arizona, with Kate and their two children. Mike was looking for a way to spend more time with his family, which drove him to leave his job as a firefighter and become a full-time real estate investor. He shares how he achieved time freedom through passive real estate investing and the steps he took to achieve it. Mike realized that a whole life insurance policy was a great way to acquire capital for entrepreneurs and investors and quickly based his business around it. Mike dives into the benefits of leveraging a whole life insurance policy, what exactly it is and how it can help passive investors achieve success. HIGHLIGHTS FROM THE EPISODE 00:00 - Coming up 00:11 - Intro 00:57 - Welcome Mike to the show  01:16 - Mike talks about his background  03:12 - Investing in his full-time job 04:38 - The transition from a firefighter to a full-time investor  08:21 - Journey into passive investing  11:38 - The path to whole life insurance  14:19 - The benefits of keeping money in a whole life policy  18:11 - How is it different from keeping money in a bank 22:16 - Debt benefit  25:03 - Misconceptions about whole life insurance 28:45 - Benefits of a child policy 31:05 - Mike recommends resources to learn the whole life  32:00 - Bucket list item 33:38 - Final thoughts  LINKS FROM THE EPISODE Youtube - money secrets with mike and kate  http://www.axiomwealthsolutions.com/ CONNECT WITH THE GUEST Axiom Wealth Solutions | Owner M: 831.818.9456 E: [email protected] www.axiomwealthsolutions.com CONNECT WITH THE HOST Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith, or on Instagram at @salesguyinvestor --------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, comment: http://thegentleartofcrushingit.com/