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#2296 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $736899
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Can we not let R8ers **** up an otherwise really good thread? Kthxbye.
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Posts: 52,210
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#2297 |
Shit
Join Date: Jun 2008
Casino cash: $10039067
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![]() I invested in 5 vehicles this week. 2001 Silverado 4x4 128 k. Needs brake lines, nice truck brand new tires. 2003 lesabre 100k needs a 250 dollar trans. Couple hours to replace. 2008 Durango limited 5.7 hemi. Needs a fricking radiator... 2009 4x4 Silverado that needs a bedside and bumper. 175k. 2005 equinox that needs head gaskets. 4hours labor and 200 bucks in parts. I have 2950.00 in all of them. The time to buy is when you see it and you make your money when you buy. I don't have stocks. I hustle |
Posts: 55,715
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#2298 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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Quote:
You're doing better than me. Keep hustling man. You've got your shit together.
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2024 Royals game thread record 3-0 |
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Posts: 46,016
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#2299 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1024734
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Posts: 57,553
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#2300 | |
To the Game
Join Date: Oct 2003
Casino cash: $7193516
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Quote:
It grows tax free, it comes out tax free any time I want throughout my life, and I can use it on anything I want with no limitations, and it passes on to beneficiaries tax free. I can be pulled out and used for investments that will earn greater returns while at the same time continuing to earn that 5% + dividend inside the policy. The dollars are working for me in two places at the same time. The policy return is just a nice little tail wind behind any other investment I make with it. Again, what you said about whole life is the common misunderstanding about it. That design of policy is indeed not good. Properly designed, it's an extremely valuable tool. No, I'm not an insurance salesman. I'm just somebody who had lots of questions about why Dave Ramsey and others say whole life is so horrible, and others say a "properly designed" policy is so valuable. I studied it a long time, I figured it all out, and it's true. These things rock. I now have 2 policies on myself and one on my wife. I'm able to use the cash I put into them just days after opening them, and use the money while earning interest on it in savings at the same time. State Farm, All State, American Family, etc. can't do policies like this. It's only available from mutual companies like MassMutual, Penn Mutual, Northwestern Mutual, etc. Many of their reps don't know about it either, or don't like to offer it because the high cash value design eliminates 90% of their commission (which is another area whole life gets a bad rep and this type of policy avoids). It really is worth a further look. Don't take it from me, but don't let "whole life" scare you away. Study the concept, study the math, and study how it will guarantee you to reach the huge compounded gains you see on compound interest charts since you never have to use your actual money to buy stuff. Your money sits there untouched, earning interest the whole time, and turns into tax free income whenever you want to start using it that way. Until then, you can use it for cars, taxes, vacations, holidays, weddings, college, etc. And of course, cash flowing investments that are super-charged by the extra return you get from the policy. You'll never have limitations on how much you can put in, and you'll never have limitations on how much you can take out, when you can take it out, or what you can use it for. It grows tax free and comes out tax free. There's really nothing else like it, but people get scared away as soon as they see "whole life". It's a shame. The death benefit is secondary to a design like this, but with the maximized cash value buying up paid up additions every year you end up with a massive death benefit, which again gets paid down to your family tax free. This could go into a trust that could pay premiums on similar policies for everybody else in the family, and now you are the Rothschilds. It can go on forever, and the "family bank" can spit out cash like crazy year in and year out forever. Last edited by DRU; 08-29-2018 at 01:01 AM.. |
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Posts: 2,124
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#2301 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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Posts: 23,166
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#2302 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1024734
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Posts: 57,553
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#2303 | |
Pedantic
Join Date: Mar 2001
Location: Rocky Ford
Casino cash: $4872617
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Quote:
I also have a term life policy thru my job for about $12/month. Last edited by DenverChief; 08-29-2018 at 02:34 PM.. |
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Posts: 16,339
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#2304 |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Posts: 53,803
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#2305 | |
In Search of a Life
Join Date: Jul 2009
Casino cash: $1734064
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Quote:
Ie, we had some work done on the house we just bought, offered the guy cash and got a 15%discount. I know it's not the best bet, but I have my investments as well. |
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Posts: 82,091
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#2306 | |
It was not a fair catch
Join Date: Aug 2012
Location: Correcting papers
Casino cash: $1652630
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Quote:
__________________
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Posts: 37,537
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#2307 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $736899
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Quote:
https://smartasset.com/life-insuranc...surance-quotes |
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Posts: 52,210
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#2308 | |
Pedantic
Join Date: Mar 2001
Location: Rocky Ford
Casino cash: $4872617
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Quote:
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Posts: 16,339
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#2309 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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R8ers is retired with a few hundred thousand dollars and thinks he’s rich.
Lulz
__________________
2024 Royals game thread record 3-0 |
Posts: 46,016
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#2310 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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Posts: 23,166
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