$80,000 in debt while trying to plan your retirement? No Problem


It’s almost a cliche to say “Think outside the box.”

And hopefully, some day this article will be the financial cliche of how to do things “inside of the box.”

For now, let’s start by destroying one of the best known cliches of all time.   “You can’t have your cake and eat it too.”

Because financially speaking, you can have your cake and eat it too.

Whether you call it Becoming Your Own Banker, Bank on Yourself,  Infinite Banking Concept, or any of the other names people call the self-financing strategy, the bottom line is it works.  Use a specially designed whole life policy to  grow your wealth and pay of your debts at the same time.  Your wealth is tax sheltered with contractual guarantees and comes with life insurance. That’s a lot.

These whole life policies have survived every financial disaster in the last 200 years and has grown in value in each of those years.

In North America, the savings rate for the average citizen is almost zero, plus they carry insane debt.

Students are walking out of college with $80,000 in debt including students loans, lines of credits and credit cards. Then there’s home purchases which come with both hefty down payments followed hefty mortgage payments.  So how do you save or invest for retirement while you are under the pressure of trying to pay off your debts?

Enter whole life policies;  especially ones with special growth features. They allow you to borrow your cash value inside the policy pay off your debts while the money is still growing inside the policy system.  It grows tax free and earns annual dividends.

Here’s an example of what you would use cash value of a whole life policy for. Let’s say you have $5000 in credit card debt and you have over $5,000 available in cash value through your whole life policy.  Simply borrow the funds from your policy, pay off the credit card and start making those credit card payments you were already making back to yourself.  The moment you start paying back your policy loans, you are able to use that money again to pay for something else.  At the same time your cash values are growing each year because the annual dividends increase the cash value.

Paying back a policy loan is almost like depositing funds back into your bank.  Obviously a whole life policy is not a bank or credit union, but it certainly acts like one.

This is not traditional investing either.  This is about investing in yourself.  Look up The two sure ways to guarantee yourself a rate of return.  You are capturing the debt and interest you paying to banks and putting it back in your own pocket.

Use the cash value of  whole life policies to pay off your debts.  And ty and pay those loans back to yourself so you can use the money again.  You don’t have to pay the loans back but you should try.


Testimonies from people using the Whole Life for Self Financing process has resulted in instead paying off their debts in 6 years instead of 20 years.

Is it time to Become Your Own Banker?

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About Author

Leslie Michael Jr. was born and raised on the Westcoast of British Columbia, Canada. He is a lecturer of Money Uncensored, a series of presentations designed for North Americans and people from around the globe to better understand the financial direction this world is headed and what they can do to protect themselves financially.