They say, ‘Not all debt is bad debt.’ And they’re right. Bad debt creates financial burdens. Impulsive borrowing and credit card debt fall into this category. Good debt, on the other hand, refers to borrowing that has the potential to enhance your financial well-being or generate long-term value. For instance, a home mortgage allows you to build equity, enjoy tax…
Earlier this year, I shared a post stating a number. That number was $506,222,303. Not everyone understood what that number represented – some people asked me if it was my income. (I wish!) It is also not a total commissions-earned number. $506,222,303 is the total amount of insurance cover that my team and I are responsible for. What does that…
Meet Vikas. He is a family-business entrepreneur with a rather classic problem: His family has been purchasing and saving gold for nearly three decades now. And I don’t mean gold as in jewelry – they’ve been buying, bartering, and saving actual gold bricks. For the sake of this case study, let’s assume they’ve got about US$ 2 million saved up…
When was the last time you tried out a restaurant, an app, or a new service because someone you know and trust recommended it to you? Not too long ago, I’m guessing. Study after study shows that ‘social proof,’ especially from people you know, is one of the best ways for businesses to get the word out there. So, it…
Over the last few weeks, I’m finding myself in an increasing number of conversations with ultra-high-net-worth entrepreneurs and their families. These businesspeople and their families often have one recurring question: ‘When we’ve got so much of everything, why do we need even more?’ They’ve got abundant cash reserves, hefty investment portfolios (enough for them to lead very, very comfortable lives…
In my 20 years as a Life Insurance advisor, I’ve seen Life Insurance policies being put to many different uses by my clients. For high and ultra-high-net-worth entrepreneurs especially, Life Insurance can prove to be a diverse, powerful tool. But I want to share with you a recent case and one of the most unique applications I’ve seen for Life…
