Video by robbie_rory
Rob Beverly | Business Growth Strategist · 379 words · 2 min read · EN
Below is the complete, readable transcript of Video by robbie_rory by Rob Beverly | Business Growth Strategist on Instagram. Read the full text, copy any part you need, or generate a transcript for any video with our free tool.
So I just went to the bank on a random Tuesday and withdrew 20, 40, 60, thousand dollars. And the reason I just showed you that is because I want to show you guys that I'm serious when I say that you will be making 20, 30, 50, 75, a hundred thousand dollars a month eventually.
So for those of you that are new here, let me break it down for you again in three easy steps The first step open a trust fund anyone can do it It's not only rich people that open trust funds Most people that open trust funds are broke and they use trust funds to build wealth from scratch
So now you might ask how exactly do they build wealth from scratch just by opening a trust fund? Well, they fund their trust with a valuable asset like life insurance And the reason people choose life insurance is because it's accessible to almost anyone and it's very inexpensive. A million dollar life insurance policy only costs you around $100 to $200 a month.
And once you put your life insurance policy inside your trust, you can now borrow against the value of that life insurance policy. It's a wealth hack that people use all the time. And it's actually a wealth hack that people like Jeff Bezos and Elon Musk are forced to use because their wealth is tied to their stock.
See, because their wealth is tied to their stock, when they need money, they go to a bank and they borrow money and they just use their stock as collateral. And you can do the same thing with your trust. So you borrow the money from your trust and use it to invest and fund different business ventures.
Most people will use that money to purchase well-established franchises. They'll also use it to go buy real estate on their own or team up with other investors and buy commercial real estate like apartment buildings. whichever route you decide to take the money from the business ventures can then be used to pay back the money that you borrowed
Transcribe another video
Paste any YouTube, Instagram or TikTok link to get a free transcript.