Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
Yeah, after COVID, you know, like, what do I do?
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
So I found a guy selling life insurance on TikTok, messaged him, and then, yeah, that started it.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
And then I slowly integrated, you know, venture capital, private equity, colored diamonds, gold, silver, so all these other things.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
Interesting.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
Yeah, it seems like it.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
Yeah, so it's really a hack if people don't know about it.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
So first off, I personally don't like term and I'm going to say why, because only 7% actually pay out.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
Wow.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
So yeah, 93%, all that money just goes right to the company.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
So if you don't really have, you know, like a dangerous job, A, it'd be hard to cover you anyway, but you don't really need the term.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
I would always get a whole life as soon as you can because you're locked in at that price with a good company.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
That's good to know.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
Yeah.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
Other companies, they will continue to charge up.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
But, yeah, I'm a big proponent of whole life and how the tax code is written for life insurance to be, like, an unknown hack, which nobody reads the tax code.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
CPAs usually don't even know about this either.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
Dude, like, yeah, tax attorneys, they're like, no, you can't do that.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
Oh, yeah?
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
Here's the tax code.
Digital Social Hour
Westin Smith: Investing Secrets That Could Make You $18 Million From $100k | DSH #1626
Oh, yeah, okay, okay, yeah.