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Real Estate Runway - Chad Sutton - Insta
S1E109: How Infinite Banking Can Help You Pay Off Debt and Build Wealth Simultaneously with Doug Peacock
March 28 2023 38 min
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Episode Description

Doug Peacock is the CEO and founder of Peacock Wealth Group. As a lifelong football coach and educator, Doug has helped thousands of families win the personal cash-flow game. The game plan recaptures the thousands of dollars paid to banks and other lending institutions to grow wealth safely and predictably in a tax-favored environment into your personal financing system. Doug is especially effective with student loans and destroys them quicker than you ever thought possible. As a college funding specialist, Doug coaches parents on how to send students to their best schools without destroying retirement accounts and with as little out-of-pocket money as possible. Some have even found themselves getting every dollar they spend on college back into their cash flows during retirement, making college funding extremely efficient.

Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL!

[00:01 - 08:10] Using Whole Life Insurance Policies to Take Control of Your Finances

  • Discusses Nelson Nash's method of using whole life insurance policies as a personal banking system

  • Shares Doug Peacock's experience using this concept to help his players get out of student debt faster

  • Explains how the infinite banking concept can be used to set up children for financial success

  • Emphasizes the importance of finding the right coach and being cautious of bad information

[08:11 - 16:52] How Life Insurance Policies Can Help You Pay Off Student Loans Faster

  • Explains how privately owned insurance policies can be used for arbitrage

  • Shares an example of a football player who got out of debt in 7 years with the help of a policy

  • Highlights the benefits of controlling the money and using it for anything, not just debt reduction

  • Explains how mutual life insurance companies that don't have stockholders pay dividends to policyholder

[16:53 - 24:33] Becoming Debt-Free with Unique Insurance Policy Design

  • Shares a success story of a married couple with six figures of student loan debt becoming debt-free in about 7 years and 4 months

  • Explains how a unique policy design allows access to money in 30 days

  • Highlights how policy loans were used to pay off student loans, smallest to largest

  • Emphasizes the competitive spirit developed as the couple worked to knock out loans quickly

[24:34 - 37:53] Using Life Insurance Policies as a 'Storage Tank' for Money

  • Discusses the benefits of investing in a life insurance policy as a "storage tank" for money

  • Emphasizes the guaranteed growth of dividends received from the policy

  • Recommends putting every dollar into the policy and taking out loans against it instead of relying on traditional retirement accounts

  • Highlights the author's superpower of being intentional and focused, and seeing failures as opportunities to learn and grow

Connect with Doug:

Website: https://www.peacockwealthgroup.com/

Social Media: LinkedIn

Quotes:

“The truth is, we can do anything with that money because you control it. Not the bank.“ - Doug Peacock

LEAVE A 5-STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com.

Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.

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