Whole Life Myths: Part 2 with Todd Langford - Episode 11

In part two of this series with Todd Langford, they tackle the misconception surrounding the interest rates on policies and the rate of return on being your own banker. Despite what people say, your costs have to be less than your investments to make money. Listen in as they share examples to explain this theory and how to make the most of borrowing from your policy. Highlights 01:17 The common misconceptions with simple interests 04:28 Debunking the myth of earning 4% and loaning at 6% 07:43 The impact of the time value of money and the cost of money in financial transactions 11:46 Only circumstances under which having money at a lower interest rate and having debt at a higher interest rate makes sense 14:06 Busting the myth: Why earning four and borrowing six ultimately doesn't work 15:39 The idea that borrowing money from the policy is where the "magic" happens 18:10 Differences between certainty assets versus opportunity funds 23:05 The accumulation phase: Having a comprehensive understanding of whole life insurance and financial planning   Episode Resources https://www.factumfinancial.com/   https://www.factumfinancial.com/resources/#courses Connect with Kyle Fuller https://www.linkedin.com/in/kyle-fuller-9516311a9/ https://factumfinancial.ac-page.com/book-appointment Connect with Todd Langford https://truthconcepts.com/ https://www.linkedin.com/in/truthconceptssoftware