Explore the practical side of the infinite banking concept in our latest episode. We break down how specially designed whole life insurance policies can act as flexible financial tools, much like owning a home. Understand the pros, cons, and real-life applications to gain financial control!

Highlights
01:04 - Overview of Whole Life Insurance Policies
05:32 - Mortgage Process vs. Life Insurance Underwriting
08:02 - Comparison of Payments: Mortgage vs. Life Insurance Premiums
10:04 - Guaranteed Rate of Return in Whole Life Insurance
12:11 - Accessing Equity: Home Equity Loans vs. Insurance Policy Loans
14:44 - Disability and Death Benefits in Mortgage vs. Life Insurance
16:14 - Additional Benefits: Long-term Care and Terminal Illness Coverage
18:26 - Retirement Planning: House Sale vs. Life Insurance Withdrawals
20:37 - Flexibility and Tax Advantages of Life Insurance

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

Call to Action
Schedule a Call with Tom

How to Listen:
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In this episode of the Perennial Pride podcast, Tom welcomes Joseph DeFazio, founder of 10th Street Capital. They dive into the powerful potential of whole life insurance, explaining how it can serve as a "family bank" or "infinite bank" throughout different life stages. Learn more about the guaranteed cash value, the role of dividends, and the steady growth designed into these policies. Join Tom and Joseph for a concise breakdown of how whole life insurance can provide control, security, and growth for your financial future.

Highlights
01:12 - Importance of taxes in financial planning.
04:56 - Joe’s career journey and establishment of 10th Street Capital.
06:09 - Importance of continual learning.
07:42 - History and evolution of the tax code.
12:30 - Various ways the government can increase taxes.
19:41 - Leveraging whole life insurance in the context of infinite banking.
25:01 - Tax implications of contributions and cash value growth.
33:41 - Using life insurance dividends and paid-up additions.
40:11 - Importance of understanding opportunity cost.
46:59 - Utilizing life insurance for retirement income.
51:39 - Estate planning and tax benefits with life insurance.

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Joseph DeFazio
• https://www.linkedin.com/in/josephpdefazio

Call to Action
Schedule a Call with Tom

How to Listen:
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In today's episode, Tom welcomes special guest Clive Davis, founder of Park Royal Capital, a private equity firm specializing in multifamily real estate. Clive shares his fascinating journey from a corporate transactional lawyer on Wall Street and a compliance officer in the pharmaceutical industry to a full-time real estate investor and entrepreneur. Join us as Clive discusses the challenges and triumphs of his transition, his strategic approach to real estate investing, and his passion for creating generational wealth. Get ready for an insightful conversation about the realities of pursuing financial freedom and entrepreneurship.

Highlights
00:27 - Clive’s professional background in law and pharma.
01:59 -Transition from corporate to full-time real estate.
05:54 -The importance of creating generational wealth.
09:02 - Challenges with international travel and family time.
11:48 - Motivation behind pursuing financial freedom.
15:02 - Adjusting from a regular income to entrepreneurship.
18:17 - Difficulties in securing a cash-out refinance without a W-2.
27:11 - Clive’s first major real estate deals.
32:57 - Shift in investment strategy and market adaptation.
35:05 - Navigating today’s market with higher interest rates.
37:40 - Benefits of having cash on hand in uncertain times.
41:40 - Clive’s advice on running personal finances like a business.

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Clive Davis
• clive@parkroyalcapital.com
• https://parkroyalcapital.com/

Call to Action
Schedule a Call with Tom

How to Listen:
Subscribe on Youtube
Listen on Spotify