The Power of Recycling Your Money Part 2

In my last article, I wrote about the concept of recycling and how it can apply to money.

If you missed that one, I recommend you go and read it here.

I introduced the concept of how this can be done using a specific kind of life insurance called High-Early-Cash-Value-Dividend-Paying-Whole-Life-Insurance (which I call a Sacred Account for short because I don’t like repeating that mouthful every time I talk about this).

Well in this article, I’m going to teach you how it all works and why I have 6 of these life insurance policies that I use to recycle and reuse my money.

First, let me give you some background on myself.

I am a reformed Dave Ramsey guy. If you don’t know Dave Ramsey, he is one of the top financial educators in the world and he is set against the idea of using any form of life insurance that you would save money into.

I was an instructor that taught his classes, a student of his teachings myself, and I even went into business with him as an Endorsed Local Provider/SmartVestor Pro where I would help his radio listeners implement his financial and investing philosophies. I did that for a number of years and represented him in 8 different territories. One of the qualification I had to meet was that I would never offer any form of life…