How to use Whole Life Insurance to Get Rich (Become your own Bank) | Devin Burr

In this captivating exchange with Devin Burr, a dynamic force in real estate, content creation, and insurance, the spotlight turns to the revolutionary use of life insurance policies, particularly the game-changing concept of Infinite Banking. Want to be coached by me on real estate investing? Join our Wealthy Investor program today at https://wealthyinvestor.com/podcast---Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where I go over all the fundamentals of building wealth. https://www.wealthyway.com/Would you like my team to help build your personal brand? Apply to join Pineda Media at https://pinedamedia.com/podcastLooking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyyCreate your business to grow your revenue, scale your organization, and make an impact with help from Wealthy Business! Apply here https://wealthyway.co/50dWant to partner with me to supercharge your business? Apply at https://www.pinedapartners.com/You can invest in my real estate deals! Go to https://pinedacapital.com ---Connect with Devin! Instagram - https://www.instagram.com/mr_brrrr/Infinite Banking - https://moneyschoolrei.com/devin-burr-register45459101Check out Horizon IRAs here - https://www.horizontrust.com/Devin, known as Mr. Brrrr, is also the third-largest advocate of Whole Life strategies. He began his journey into wealth by making a strategic shift from wholesaling to embracing the Burr method for real estate in 2020. He unfolds the potential of channeling funds through a meticulously structured life insurance policy, unleashing the power of what he terms as Infinite Banking. Devin likens this approach to banking practices, focusing on lending and making loans, but with extraordinary perks. The returns, a remarkable 5-6 percent, outshine those in the stock market, and the best part—they're tax-free. Furthermore, the policy guarantees a steady rate of increase and provides a robust shield against legal entanglements.Devin takes us on a thrilling ride through the mechanics of this innovative strategy, where policyholders can swiftly borrow against the policy, enjoying a streamlined loan approval process. Complete autonomy rests in the hands of the policyholder, who can decide when, or if, to pay back the loan, ensuring a fluid and adaptable approach to funding the policy. The conversation delves into the fascinating realm of foundations and trusts, revealing how a well-structured foundation and trust, with the right beneficiary setup, can be a game-changer, offering not just financial flexibility but tax exemptions as well. Devin provides a sneak peek at his tax-free cheat code for evading taxes, drawing favorable comparisons between private and public foundations. The discourse touches upon the prevailing perceptions of 401(k)s and passionately advocates for the flexibility of self-directed IRAs.