A Simple Way To Build Generational Wealth For Your Family While Alive

[CASHAPP]

Open a million dollar life insurance policy in your child or spouse's name.

Leave explicit instructions for them to put the death benefit funds into a low/medium risk equity account.

This will provide returns of 5-10% annually, or $50,000 to $100,000 interest income every single year.

So long as they have a normal job, an extra 50-100k additional income will provide them a comfortable life.

They can then leave the million in the investment account, will it to the next generation, and the cycle will continue.

May also work with trust accounts.

 

[CASHAPP]

Too positive?

 

[Jhoon]

There are people in this country who can spend $1 million a day for 300 years and you’re talking about generational wealth?

Has anyone ever thought that maybe the accumulation of that many resources is unnatural?

 

[010101]

get $$$$$$*

 

[BaldingSoHard]

Open a million dollar life insurance policy in your child or spouse's name.

Leave explicit instructions for them to put the death benefit funds into a low/medium risk equity account.

This will provide returns of 5-10% annually, or $50,000 to $100,000 interest income every single year.

So long as they have a normal job, an extra 50-100k additional income will provide them a comfortable life.

They can then leave the million in the investment account, will it to the next generation, and the cycle will continue.

May also work with trust accounts.

I mean, I never even thought of this but shyt.....

I don't know much about the life insurance game but what you're saying makes sense.

I'm assuming this is "whole" life? Otherwise why wouldn't everyone do this?

Tell me more.

 

[Mr.Plan B]

You are forgetting about inflation.

 

[yakamein]

.

 

[CASHAPP]

I mean, I never even thought of this but shyt.....

I don't know much about the life insurance game but what you're saying makes sense.

I'm assuming this is "whole" life? Otherwise why wouldn't everyone do this?

Tell me more.

It doesn’t matter you could do it with term life too. Term life is always the better decision anyway. You would just renew the term life in 20 years or whatever if you are still young then do it again

You are forgetting about inflation.

What does inflation have to do with anything? Is $1 million in 100 years gonna be equal to $1 today?

 

[BaldingSoHard]

What does inflation have to do with anything? Is $1 million in 100 years gonna be equal to $1 today?

 

[CASHAPP]

I'm being sarcastic genius

 

[hatealot]

How much of premimums does it cost to maintain a million dollar policy?.

Nvm, did my own research , would never let my girl know shyt about that. Really not that expensive

 

[BaldingSoHard]

I'm being sarcastic genius

Really?

I had no idea that expecting an inflationary rate equal to 70000% (I'm being sarcastic) wasn't a serious post from a guy who apparently promotes financial literacy.

Maybe I just expected more...

"Genius".

 

[HoloGraphic]

How much of premimums does it cost to maintain a million dollar policy?.

Nvm, did my own research , would never let my girl know shyt about that. Really not that expensive

Let a breh know, breh

 

[hatealot]

Let a breh know, breh

Google my brother. Or look at what your employer offered you

 

[dark_magic]

Open a million dollar life insurance policy in your child or spouse's name.

Leave explicit instructions for them to put the death benefit funds into a low/medium risk equity account.

This will provide returns of 5-10% annually, or $50,000 to $100,000 interest income every single year.

So long as they have a normal job, an extra 50-100k additional income will provide them a comfortable life.

They can then leave the million in the investment account, will it to the next generation, and the cycle will continue.

May also work with trust accounts.

I like how you are thinking.

I will modify this a bit.

Obtain a dividend paying, whole life insurance with premiums weighted more towards cash value and less towards death benefit.
The cash value is liquid and can be borrowed out as you need it.
Borrowing out a portion of the cash value to deposit into low/medium risk equity would be the equivalent of using the cash value as a margin account for investing except there is no risk of a margin call.

Pay the debt of borrowing the cash value with future income/revenue.

This is akin to setting up a business, bank, or sinking fund. The whole life insurance policy can be structured as a saving and a financing vehicle.
Plus, you receive dollar reuse throughout your life similar to a dollar turning over multiple times within you personal economy exactly like Black Wall Street (Tulsa, Oklahoma).

The policy can be assigned to the next generation in your passing.

Teaching the future generations how to structure their savings, assets, investments, and speculations will begin generational wealth.