Building an Airbnb Empire with Patriot Family Homes and Joe Riley!

Joseph Riley

 

Join your host David Pere and Alex Felice in this episode with guest Will Duffy as he explains why he personally wouldn't do any of the life insurance policies that are so commonly pitched to people today.

 

One thing should be known to anyone being sold a life insurance policy: most insurance agents we have today only sell for one company. And if your insurance agent works under one insurance company, for Will, that's a conflict of interest to be aware of right there.

 

In this episode, Will talks about the two questions you need to ask when being pitched to a life insurance policy, why the infinite banking concept simply doesn't work, and why the bank replacement strategy is better than any bank account.

 

About Joseph Riley

 

Joe founded Patriot Family Homes to meet the need for affordable, reliable housing in the South, particularly near military bases. A captain in the Army, Joe has deployed with the Ranger Regiment to Afghanistan and Ukraine. He previously served on the National Security Council at the White House

 

Sponsor:

Real Estate Investing 101: https://www.frommilitarytomillionaire...

 

 

Outline of the episode:

• [03:52] You can't get too far researching tax planning without running across life insurance
• [05:52] Will Duffy – on most life insurance policies today
• [10:16] Dissecting the Infinite Banking Concept (IBC)
• [14:18] What is a captive agent?
• [17:03] The red flags with direct recognition policies
• [21:15] What is lost opportunity cost?
• [25:28] The Bank Replacement Strategy
• [30:01] About a family who wants to close an off-market multifamily property and do the bank replacement strategy
• [35:01] David Pere – on making $600 from a whole life insurance policy after five years
• [38:46] When someone's pitching you life insurance…

 

Resources:

Website: https://willduffy.com/

 

LinkedIn: https://www.linkedin.com/in/willduffy...

 

 

Roths For The Rich: How to Fund Your Roth With Over $100,000 Each Year, Book by Will Duffy:

https://www.amazon.com/gp/product/B07...

 

 

Compound Interest: 10 Financial Truths to Protect Your Wealth, Book by Will Duffy:

https://www.amazon.com/gp/product/B01...

 

 

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