MCP020: Financial Freedom Through Infinite Banking w/ Michael Hession

Welcome back to another episode of the #MeetCoolPeople Podcast, and today's guest is the incredible Michael Hession, a wealth-building strategist who's mastered the art of infinite banking.

In our conversation, Michael delves deep into the mechanics of using life insurance as a tool for creating and sustaining wealth. He lays out a clear path for individuals and business owners alike, showing them how to leverage the same financial strategies that icons like Walt Disney have used to fund their dreams and maintain control over their hard-earned money.

Here are some pivotal points we covered:

• The vast potential of infinite banking and its accessibility to not just the corporate elite, but also to individuals who want to build financial resilience.
• How whole life insurance policies serve as more than just a death benefit – they're dynamic, growing assets with tax advantages and loan opportunities.
• Michael’s personal journey discovering these strategies and how they can empower us to become our own bankers, giving us greater financial freedom and flexibility.
• The practicality of infinite banking, breaking down the notion that these strategies are complex and showing how they can be used for everyday financial requirements.

Take-A-Ways from the episode:

• Infinite banking isn't just for the ultra-rich; it’s a strategy accessible to all.
• Life insurance can be a powerful vehicle for intergenerational wealth transfers.
• The importance of redirecting our cash flow to retain more of our income.
• The significance of educating beneficiaries to continue leveraging these financial tools.

After listening to Michael Hession discuss the concept of infinite banking, how do you see it fitting into your current financial planning? Is this something new to you, or have you already been utilizing this method?

For those looking to delve deeper into infinite banking or reach out to Michael for guidance on creating lasting wealth, you can visit https://ThePerfectAsset.net.