Chris Naugle

I've seen this hundreds of times.

People miss, they, they hear about the concept, they get really excited and then they overcommit themselves.

They're like, Oh, well I'm going to put this much into it right now.

Now we ask, you know, is how much do you make?

And then there's only certain percentages we'll allow, but they come into this saying,

I want to put all my money into this whole life.

Don't do that.

Keep money going into a bank account to pay your normal bills, your utilities, your groceries, your rent, and things like that.

Because listen, like that money's just gone anyway.

And you don't want to put money into the policy, take money out to pay those.

It's just not efficient.

The money that goes in the policy and goes back out to work should go somewhere where it can earn more than the cost of capital.

So if the cost of capital from the insurance company is five,

That money should be out working at least 5.5% or higher, right?

That's a simple rule.

So people forget that rule and they put money in the policy and they start paying their rent.

They start buying groceries with it and they're doing this.

You're still earning on all the money, but now the money's going out

in a place where it's not earning.

So that's miss number one.