No, we aren’t going to talk about Deloreans or Jigawatts or Marty McFly today. But we are going to talk about time travel.
Banking, if you didn’t know, is the most profitable enterprise in the entire world. It always has been and likely always will be. And there’s a reason for it: because banks have time machines.
That’s right. Banks have discovered how to travel into the future like Doc Brown, retrieve a value, and bring it back to the present day and put it to work earning more money. Let me explain…
If you were to google “where is most of America’s gold found” you would discover that Nevada is the top gold-mining state in the Union. What you wouldn’t discover, however, is that the real answer to that question is that most of America’s gold is IN THE GROUND.
And here’s why: because that gold is MORE valuable in the ground than in the mining company’s hand…
Imagine you own a company that just purchased 100 acres of dirt in Nevada because there is gold in the dirt. You know there is gold because you’ve hired a certified company to come out and perform a geological study to prove there is gold in the ground. Guaranteed.
Now you have 2 choices: either mine the gold and sell it for a profit, OR keep the gold in the ground and leverage it for money from the bank.
That gold, you see, represents a FUTURE value. It is still in the dirt so it can’t be sold as a commodity at this point. In the future it could if it were mined and refined. But for now, it’s simply a future value. But it’s a GUARANTEED future value, because the land has been certified to have gold and that gold isn’t going anywhere.
Instead of mining the gold, you decide you want to bring that future value to the present and put it to work now, even while the gold is in the ground. So you take the certified guarantee to the bank and the bank agrees to provide you with an asset loan in the form of cash that you can use to acquire more revenue-producing assets for your company.
And you can do this over, and over, and over, and over. Indefinitely. Because that gold is guaranteed to stay in that dirt until you decide to dig it up.
That’s how banks can take a value from the future and bring it to the present day.
You and I don’t own any acreage in Nevada filled with gold. But we own something that can operate exactly the same: whole life insurance policies.
Our death benefit is a guaranteed future value that banks recognize. And under the right structure, you can actually bring that future death benefit value to the present day and put it to work creating an income stream for you.
Many of you have already seen the presentations I’ve given on this topic and have decided to move forward with this structure. If you haven’t, I’d like to invite you to a presentation my colleague John Perrings and I are giving next week on Tuesday evening (3 presentations, actually). Below is the link to sign up for one of the 3 spots.
When you start using the same strategies banks use, the world becomes an entirely different place and new roads appear that were previously hidden from view.
But hey, “where we’re going, we don’t need roads.”
Talk to you soon!