My guest today is Gary Pinkerton, a wealth strategist at Paradigm Life. Gary has a fascinating personal history as a former military submarine captain. He transitioned into real estate as a civilian career. Gary and I discuss his path to wealth strategy. We also explore Gary’s specialty in infinite banking, which is a self-banking investment strategy.

Gary explains self-banking and outlines the benefits of using an insurance policy as a revenue source. We discuss the multiple uses for the money and how investors can take control of their liquidity.

MINUTE MARKERS

00:00 -- Introduction to the Big Mike Fund Podcast.

00:30 -- Welcome Gary Pinkerton to the podcast.

01:03 -- Gary’s former military experience.

03:07 -- How Gary transitioned into civilian life.

05:06 -- How Gary got involved with Paradigm Life.

06:30 -- Gary’s observations of his differences from other veterans.

07:23 -- The level in which Gary’s family is involved in his real estate business.

07:44 -- How can life insurance be used as a self-banking vehicle?

08:20 -- How life insurance protects wealth.

11:15 -- The typical interest rates Gary has within his deals.

11:53 -- The benefits of self-banking.

12:53 -- Is the interest rate deductible?

15:22 -- The differences between paying a lump sum into a policy versus paying into a policy over 20 years.

18:10 -- The tax issues that come up with insurance policies.

20:06 -- Paradigm Life’s goals for their clients.

21:34 -- Why insurance policies include fees.

24:16 -- The costs associated with one of Gary’s policies.

26:11 -- How Gary structures his policies to help clients maintain their policy.

26:57 -- Should you purchase life insurance for kids as a passive income?

29:15 -- How to contact Gary.

31:04 -- Mike’s impression of Gary’s policy structure.

31:42 -- The standard process an investor goes through to use their policy as a savings account.

34:19 -- How Gary’s deal structure is better than a “no money down” structure.

35:20 -- Gary’s final thoughts for the audience.

36:50 -- Mike encourages people to invest in their own talents.

37:16 -- Outro to the Big Mike Fund Podcast.

RESOURCES

The Secret Asset by David D'Arcangelo

Gary’s email

Gary Pinkerton’s website