Posts in category: Blog

Life insurance: something many people don’t care to discuss, let alone truly understand. It’s a boring topic that people tend to brush off, and most resort to letting their employer’s handle it. It’s easier, fast and simple… and you don’t even need to think about it!

According to the Money Coach Blog, the purpose of any insurance “is to cover the costs of risks that we are either not willing or don’t have the resources to cover ourselves,” whether it’s for a car, your life, your home, or any other asset.  

In regards to life insurance, it’s always recommended to calculate the cost of your family’s current standard of living if you/your income are no longer accessible. From there, it’s recommended to add in any large expenses that may need coverage, which could include money owed for mortgages and loans, college funding, or other financial obligations. After netting out other insurance and investments available, you will get a realistic idea of the amount of coverage you need.

Now this may soun like a headache, but it’s perhaps one of the most important assets you’ll plan for your future.

Ever thought about insurance as an asset class? Well, Money Coach Blog points out that when you invest, you’re likely storing money into different types of asset classes: “Stocks and bonds of large, small, US and foreign companies.” It’s important to not store all your eggs in one basket to reduce risk.

So then, what’s the point we’re trying to make?

Well… many people don’t know this, but you can think outside the box when it comes to investing in life insurance. It’s not one way or another, and bcause of that… opportunities are endless.

Insurance is a risk tool meant to replace things that you perhaps don’t have access to. Many people have the employer-sponsored group plan, in addition to something paid for outside of your employer. Diversifying your coverage can create some term and permanent insurance.

There are two different types of insurance: term and permanent. Term insurance is for a fixed period and premium, covering more specific risks for a specific period of time. Permanent life insurance on the other hand, is more long-term where your premium that you pay is used to build cash value. Money Coach Blog points out the three great benefits to permanent life insurance, which are: guaranteed value, tax-free dividends, and access to cash value at any given time.

Interested in learning more as to how you can strategically divide your assets and have permanent life insurance? We can help!  https://upplanningedge.com/

Source: https://moneylinkpro.wordpress.com/2011/01/07/life-insurance-a-misunderstood-asset-class/

Investing in real estate has become one of the most approachable ways for most individuals who are building a retirement investment to expand beyond their traditional IRA and 401(k) holdings. At the same time, pursuing financial freedom requires a lot of capital or a lot of time, and often both. To get more out of each deal, you need to know how to structure your deals to keep more of your profits while paying out less in overhead like interest. What many long-established investors realize, and many new ones don’t is that a whole life policy can be a great resource for your real estate investment moves.

Borrowing From a Whole Life Policy

Whole life insurance is basically a cash bank that costs a lot of money to set up, in addition to a risk management tool for your household. You can borrow from it as such, which means you have a source of financing that is essentially free to use if you have enough value in it. Once you either resell the property or stabilize it with a tenant, the income can be used to pay back the policy, replenishing the resource for your next deal. The result? You can do more deals while paying less for each one.

Strategizing Your Path to Freedom

Using real estate investing to become financially independent is a matter of reinvesting returns, and the reason this strategy is a multiplying force for your efforts is because every future deal benefits from the cost-efficiency of your current one. As you use your funds from your whole life policy to finance deals, you can build a network of income properties that eventually support you on their own, allowing you to turn your salary into investment capital.

• Get a better return on your whole life investment
• Reach independence faster than with traditional financing
• Use every resource in your investment strategy
• Discover how the wealthy get more out of their assets

More Information About Real Estate Investment for Advanced Investors

As your pool of available capital increases, your real estate investing strategies need to change to make the most of your resources. That means you will probably need some guidance as you get used to the additional resources available through your whole life policy.

If you are interested in learning more about how you can use one of the oldest and most stable investment products to help you speed up your real estate investing strategies, Up Planning Edge is here to help. Contact us today to make an appointment so you can learn more about this investment opportunity.

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Whether you are a real estate investor who needs to fund a new investment opportunity or a whole life insurance policy holder interested in real estate investments, you can take advantage of the cash value offered by whole life insurance policies. With whole life insurance, you have the opportunity to take out loans against your policy’s cash surrender value (cash value) and act quickly on potential investments, enabling you to diversify your investing and pave the way to financial freedom.

Why Should You Invest in Real Estate?

Real estate investments are well known as an avenue for increasing cash flow and deriving value over time. While the real estate market does experience dips, the long-term value of property and housing will typically recover. Real estate is also a tangible good, with property and housing retaining some monetary worth even in volatile markets.

How Can Whole Life Insurance Lead to Financial Freedom?

Whole life insurance is a type of permanent life insurance, meaning that your policy does not expire annually. Advantages of whole life insurance include the following:

• A cash value that grows over time, allowing you to eventually take out loans against it.
• A death benefit, typically with a fixed payout.

Borrowing against the cash value of your whole life insurance allows you the flexibility of investing in promising ventures. As those investments increase, so will your personal wealth. For investment opportunities that can benefit from the power of cash value loans, look no further than real estate.

How Does Whole Life Insurance Support Real Estate Investing?

As a real estate investor, you should be able to focus your time and energy on finding the best investments, not on the process of getting approval for loans. Taking out a loan against the cash value of your whole life insurance policy means you can have fast, easy access to funds when you need them most.

After you take a loan against your cash value, you have flexibility on the timing and terms of the loan’s repayment. This gives you the freedom to pay back the loan on a schedule that best fits your life and finances. For example, if your real estate investments show slow returns for a period, you have the freedom to structure your payments accordingly. Alternatively, if your investments are performing well, you can repay the loan more quickly.

Explore the potential of real estate investments to grow your wealth and set yourself on the path to financial freedom.

Schedule a free consultation with Up Planning Edge today.

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You know that saving for retirement is important, but you may be wondering exactly how much you need. Without this information, you may not save enough for retirement and could become blindsided by how much you really need to obtain financial freedom when you leave the workforce.

According to Forbes, every year, you will need roughly 70 to 90 percent of your current annual income to enjoy financial stability throughout retirement. AARP and the Retirement Living Information Center also recommend 1 million to 1.5 million as a more specific retirement savings goal.

However, for many Americans, becoming a millionaire by retirement age would require you to increase your cash flow several times over. This is because the usual sources of retirement income, such as pension, social security and savings are unlikely to add up to a 7-figure amount. Luckily, there are ways to invest and increase your savings before retirement.

1. Save Your Tax Refund Money

Many Americans look forward to getting their tax return money, so they can purchase a car, make a down payment on a house or book a trip. However, Forbes recommends that you save your tax return money and set it aside for retirement.

2. Set Up a Savings Plan

While tax returns will add a good chunk of change to your retirement plan over time, unless you are married with dependents and paying a mortgage, you’re unlikely to get money back every year. Because of this, a more standard savings plan helps to ensure you file money away on a regular basis for retirement. Good options include an Individual Retirement Account (IRA) or employer-sponsored retirement plans.

3. Hire a Wealth Manager Strategist

Investing is a great way to increase your savings amount, while also fighting the effects of inflation. However, navigating financial investments comes at a high risk and should involve the expertise of a professional to guide you. Wealth strategists, also known as fiduciary investment advisers or financial planners, help to point you in the right direction. Forbes estimates that this can add an extra 4 to 6 percent in returns on investment to your financial portfolio, each year.

Saving for retirement is a big responsibility, but the sooner you take it on the less of a burden it is. This helps to ensure your financial freedom when you are no longer gainfully employed. For more information about how our wealth strategists at Up Planning Edge can assist you with your retirement plans, contact us today.

No matter if you feel you’re financially stable or if you’re trying to change your spending habits for the better, it’s always good to study up on ways to maximize every cent of your paycheck. Here at Up Planning Edge, we’re all about empowering you and providing you with useful tips. So how can you get the most out of your paycheck?

Resist the Temptation To Be Lazy

While automating your spending and saving is all well and good, we recommend taking this one step further. Every now and then, look over your spending and saving strategy to see if it needs tweaking or updating. Learn just where you’re automating your money and whether you’re missing out on some excellent opportunities to save more or spend wiser.

Learn From Your Past Financial Mistakes

You’re bound to make mistakes when it comes to getting in good financial health. Rather than agonize over those missteps, look at them as learning opportunities. Why did you make that mistake? Why was that particular incident considered an error in the first place? How can you do better in the future to avoid making a mistake like that?

Establish and Maintain a Scarcity Mindset

You may not be struggling financially right now, but it’s a good idea to pretend as if you are. Look for ways to cut costs, only spend when absolutely necessary and get into the habit of putting a percentage of your paycheck into savings first before paying bills or buying anything for yourself.

Look Into Money-Saving and Budgeting Apps

There are so many free apps and financial tools available to help you stretch your paycheck as far as it can go. If you know there’s a specific aspect of your financial health that’s lacking, such as making impulse buys, do some research to see if there’s an app or financial tool that can help you.

Consider the Path of Most Resistance

It’s perfectly understandable that you want to get the most out of your paycheck to be as easy as possible. That said, aiming for a more difficult goal could earn you a higher return in the long run. For instance, when it comes to long-term investing, you’ve got to be prepared to endure the ups and downs of the market to see success. Look into financial goals and habits that require a bit more effort and determine if they could be a good match for you.

For more ways to get the most out of your paycheck, reach out to us here at Up Planning Edge.  

Maybe you’re investing for retirement or a college fund. Perhaps you need an immediate additional revenue stream. There are many reasons you should consider investing in real estate. Real estate has not only proven itself to be one of the most lucrative industries, but also offers flexibility that can’t be found as easily with most other investments. Here are just a few benefits of putting your money into real estate.

 1. Immediate Cash Flow

 When you purchase a property, you have the option to rent it out. Unlike flipping homes, renting out properties doesn’t necessarily involve extensive renovations and can allow you to start adding to your monthly income as soon as you find a renter. This method is also an excellent way to build equity in a home while making money on the property simultaneously.

 2. Control Over Your Money

 When you invest in stocks or money markets, you turn control of your money over to an investment agency or other financial institution. The return on your investment is then largely determined by fluctuating market prices and the abilities of your broker. You could end up making money, but you could also end up losing big.

 While investing in homes to flip them can be risky because it depends largely on property values and can end up costing you money in capital gains, investing in rental real estate properties is different. It gives you the power to decide which properties make sense to purchase by allowing you to much more accurately predict the return on your investment.

 3. Long-Term Possibilities 

Purchasing a rental real estate property has future benefits in addition to immediate ones. After you buy a property, you can rent it out indefinitely. That means you can have an additional revenue stream for life. The more properties you acquire, the larger your monthly income as long as you own the properties. Much more than just a way to supplement your monthly income, rental real estate can become your primary source of revenue if you invest wisely.

Before you dive into the real estate market, it is crucial to know what you’re getting into and have an investment strategy in place. Without first creating a solid plan and sticking to your numbers, it can be easy to pick the wrong kinds of properties and end up losing money.

Get the help you need from Up Planning Edge. Dedicated to multiplying your wealth using alternative channels, we have the expertise and knowledge necessary to get you started on the path to wealth and control over your personal investments and finances. We are here to answer your questions and invite you to schedule an appointment to discuss your future goals.

The infinite banking concept is a beneficial tool for real estate investors. With banks tightening their lending rules and regulations in the aftermath of the 2008 disaster, the infinite banking concept creates a platform for investors to have access to capital which can be leveraged to invest in real estate.

A real estate investor or buyer requires a platform to park liquid money which can be hedged against vacancies and different maintenance costs.  They require a safe vault which allows access to the stored cash while it grows at a pace which keeps up with inflation at the bare minimum while it waits to be used.

Dividend paying, high cash value whole life insurance policy can satisfy this requirement for access to capital when needed.

Whole Life Insurance – Helping You to Build A Real Estate Portfolio

Whole life insurance when structured correctly can work like a savings account that never goes down in value compared to just any ordinary insurance policy.

Whole life insurance ensures tax-free growth and the overall value keeps on appreciating over time.  It ensures guaranteed returns on your cash value between 3 – 5 percent tax-free. It is well-protected from the ups and downs of the market.

Also, you have access to the cash component via policy loans. This can easily be leveraged for a real estate purchase or basically any expense.

Along with that, it protects your family from a financial crisis due to your untimely death.

Additional benefits include no involvement of the IRS, creditor protection & guaranteed growth.

Tapping The Advantages Of Whole Life Insurance To The Fullest

With the cash flow generated from real estate investments, the investor can easily pay the policy premiums and use cash value to repay the mortgage quickly.

Even if you use the cash value of the whole life insurance to secure a loan and set up another income generating channel, it does not stop compounding. It is still earning dividends and interest.

And at the same time, it is working in your real estate investment to generate more income and make your portfolio more robust.

Contact Up Planning Edge today and schedule a consultation and find out more about growing and protecting your wealth!

With numerous financial institutions offering a wide variety of products and services, it becomes difficult to make the right choice. Financial goals may vary from person to person, but choosing the right one in order to protect and grow your wealth is key.

How do the wealthy continue to flourish even through the most challenging economic conditions? The answer is simple! They educate themselves on how money works and put it somewhere safe where it continues to grow uninterrupted.

Qualified Plan has fail most Americans. The number one problem for most people is still money! Even the 401 (k) retirement plans can lead to disappointment. Some disadvantages of this plan are, you are only allow to take 50% of your vested account balance, or $50,000, whichever is less and  you are also exposed to the market downturns. Remember 2007 & 2008?!

Infinite Banking – A Mind Shift

Infinite Banking (IBC) is a concept by Nelson Nash. Nash is the author of the bestseller, “Becoming Your Own Banker”. He inspires his readers to become their own bankers and achieve disciplined saving by taking advantage of a specifically designed, dividend-paying, high cash value whole life insurance.

Big corporations and bank are the biggest purchasers of Whole life insurance.

Is there something they know that you don’t? THINK ABOUT IT!  

Planning for your future is an absolute must. Make smart decisions and plan for the future. Contact Up Planning Edge today and schedule a consultation and find out more about growing and protecting your wealth!

Maybe you’re investing for retirement or a college fund. Perhaps you need an immediate additional revenue stream. There are many reasons you should consider investing in real estate. Real estate has not only proven itself to be one of the most lucrative industries, but also offers flexibility that can’t be found as easily with most other investments. Here are just a few benefits of putting your money into
real estate.

1. Immediate Cash Flow
When you purchase a property, you have the option to rent it out. Unlike flipping homes, renting out properties doesn’t necessarily involve extensive renovations and can allow you to start adding to your monthly income as soon as you find a renter. This method is also an excellent way to build equity in a home while making money on the property simultaneously.

2. Control Over Your Money
When you invest in stocks or money markets, you turn control of your money over to an investment agency or other financial institution. The return on your investment is then largely determined by fluctuating market prices and the abilities of your broker. You could end up making money, but you could also end up losing big.

While investing in homes to flip them can be risky because it depends largely on property values and can end up costing you money in capital gains, investing in rental real estate properties is different. It gives you the power to decide which properties make sense to purchase by allowing you to much more accurately predict the return on your investment.

3. Long-Term Possibilities
Purchasing a rental real estate property has future benefits in addition to immediate ones. After you buy a property, you can rent it out indefinitely. That means you can have an additional revenue stream for life. The more properties you acquire, the larger your monthly income as long as you own the properties. Much more than just a way to supplement your monthly income, rental real estate can
become your primary source of revenue if you invest wisely.

Before you dive into the real estate market, it is crucial to know what you’re getting into and have an investment strategy in place. Without first creating a solid plan and sticking to your numbers, it can be easy to pick the wrong kinds of properties and end up losing money.
Get the help you need from Up Planning Edge. Dedicated to multiplying your wealth using alternative channels, we have the expertise and knowledge necessary to get you started on the path to wealth and control over your personal investments and finances. We are here to answer your questions and invite you to schedule an appointment to discuss your future goals.