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Talk about having your money right, the rich and others don't keep their money in banks (so Ive heard). They put it in real estate, stock accounts, and insurance. Ppl buy universal life policies, then when they need a loan, they borrow at 4pct interest from the policy and pay themselves backThe bank is doing this, getting 8-10pct, and giving you less than 1 pct , on top of the other investments they are making ...The move is to undercut bank and do it yourself ... Not to sound too preachy, but finance and investing is a passion of mine.
Talk about having your money right, the rich and others don't keep their money in banks (so Ive heard). They put it in real estate, stock accounts, and insurance. Ppl buy universal life policies, then when they need a loan, they borrow at 4pct interest from the policy and pay themselves back
The bank is doing this, getting 8-10pct, and giving you less than 1 pct , on top of the other investments they are making ...
The move is to undercut bank and do it yourself ... Not to sound too preachy, but finance and investing is a passion of mine.
