Being in excessive debt can feel like slavery. In fact, the Bible says that “the borrower is slave to the lender.” Yet paying off debt seems like such a drag for many – “When will I ever get ahead?”
The average savings rate in America is currently only about 6% of all earned income. Meanwhile, the average American is spending around 34.5% for interest on debt!
By using Private Family Banking™ to pay off all your debts, you can recapture the interest that you are currently paying financial institutions. At the core of Private Family Banking™ is a customized dividend paying permanent life insurance policy which is used to create a money pool that you control. This policy is engineered to grow your pool of money even while you are using it for your personal financing needs. By recapturing your own debt and paying yourself the interest that you are currently paying others, you could increase your overall savings rate by over 500%!
