Episode 201: Infinite Banking: Do This Before Paying Off Your Student Loan Debt

Visit our website:

https://www.thewealthwarehousepodcast.com/

It’s a common expense that many Americans carry – but what if there was a way that you could get something positive out of that debt?

In this episode, Dave and Paul discuss student loans and a counter-intuitive idea: extra payments on student loans can keep you capital-poor. They unpack why prioritizing liquidity, via properly structured whole life and the Infinite Banking Concept, can leave you wealthier over time while you still make the minimums.

Additionally, the guys touch on average debt realities, how to turn a payoff into a “windfall,” who this strategy is (and isn’t) for, and a legit path some borrowers use to shrink federal loan payments.

Episodes Referenced:

Episode 11 Using IBC To Eliminate Debt: https://youtu.be/KiQ-pEcwKx4?si=nG1YeKsxcWmdxQ7N

Episode 26 Is a 15 year Mortgage Really Better Than a 30 year Mortgage? https://youtu.be/IwRn9UNbowU?si=6Soe_ns4XMkDF7ix

Becoming Your Own Banker by Nelson Nash:

https://infinitebanking.org/product/becoming-your-own-banker/ref/46/

Episode Highlights:

0:00 - Intro

1:17 - Episode beginning

4:07 - Breaking old mindsets

9:02 - Some of the data

10:34 - The alternative

16:01 - What if you just paid it off?

22:08 - Colleges and trades

23:30 - If you still have student loan debt..

27:04 - Episode wrap-up

ABOUT YOUR HOSTS:

David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.

David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.

Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a M.A. in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.

As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.

Visit our website:

https://www.thewealthwarehousepodcast.com/

Catch up with David and Paul, visit the links below!

Website: 

https://infinitebanking.org/agents/Fugere494

https://infinitebanking.org/agents/Befort399

LinkedIn:

https://www.linkedin.com/in/david-a-befort-jr-09663972/

https://www.linkedin.com/in/paul-fugere-762021b0/

Email:

[email protected]