Being in excessive debt can feel like slavery. In fact, the Bible says that “the borrower is a slave to the lender.” Yet paying off debt seems like such a drag for many – When will I ever get ahead?
Do you ever feel like you’re just working to pay off debt? That’s a common feeling, but it doesn’t have to be that way. By using the financial strategy called Private Family Banking™, you can break free from the burden of debt and grow your wealth at the same time.
According to recent data, the average American spends over 34% of their income on debt interest. That’s a significant amount of money that could be used for more important things like savings, investments, or simply enjoying life. But how do you break free from the cycle of debt and interest payments?
Imagine recapturing all the interest you’ve been paying to others. When you utilize your personal family bank, you could increase your overall savings rate by 500%. That’s a significant boost to your financial future!
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%!