Many think paying cash or using 0% auto financing is best for buying a car. Think again! You can finance your vehicles on your terms through your own bank and create a solid retirement plan simultaneously.
In this episode, Vance Lowe and Seth Hicks, Esq. of Private Banking Strategies® explore the drastically different retirement outcomes of two sisters who “self-financed” their cars.
One ended up with a $250K nest egg providing $50K annually for five years, while the other had a $1 million nest egg providing $50K annually for life and a $1.4 million legacy value for her heirs.
This is a great example of how simple auto financing can turn into a successful retirement plan!
Vance and Seth discuss:
- Reversing money outflow to cash inflow – getting multiple uses from the same dollar
- Using the velocity of money for uninterrupted, tax-free compounding interest
- How Private Banking Strategies® can ensure financial security in retirement
- How one sister achieved financial freedom without working harder or earning more
- And more…
Resources:
Automobile Financing – Video Automobile Financing Illustrations
“The Purpose Driven Life: What on Earth Am I Here for?” by Rick Warren
To learn more about the concepts behind Private Banking Strategies®, download a copy of our E-book:
https://privatebankingstrategies.com/resources/free-e-book/
Connect with Seth Hicks and Vance Lowe:
Seth’s LinkedIn: https://www.linkedin.com/in/privatebankingstrategies/
Vance’s Linked In: https://www.linkedin.com/in/vancedlowe-rfc-chfc-351479100/
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