Protect Your Investment Property: The Quick Fundamentals

You can download the transcription under the Downloadable materials.

[00:00] Intro

[00:45] Ways on how you can protect your business assets

Before we start into the contents, here are a few points as reminders to keep in mind:

• Our strategic approach aims to help you with educational content and mentorship to identify your BHAG (Big Hairy Audacious Goal)

• A major subgoal is the Time Freedom Number. That's the amount of monthly passive income you determined you need to get to no longer have to exchange time for money (i.e. having a job(s), gigs, etc.)

• The point in the future on your calendar where we want to reach your Time Freedom Number is called the Time Freedom Point. When you reach it you have total freedom to decide what you want to do with your most precious asset - time.

• Applying our "OOS-SFR-TK-Strategy" (Out of State - Single Family Residence - Turnkey - Strategy), you will accumulate a portfolio of properties that make you a bigger and bigger target for lawsuits if you don't protect yourself, your family, and your assets.

You can download the transcription under the Downloadable materials.

[00:00] Intro
[00:43] Term-Life Insurance
[03:10] Whole-Life Insurance
[05:16] How to use your insurance for your investment property - part 1
[08:31] How to use your insurance for your investment property - part 2

We will cover the following topics in this lesson:

• What's Term Life Insurance?

• Why do we want to get Whole Life Insurance?

• How do the monthly or annual insurance payments work for you?

• How you can use your account balance in the life insurance policy to receive a loan.

• How to make the same Dollars work multiple times for you simultaneously.

Review the video below to learn how insurance can be your friend and protect your family.

In this lesson, we discuss the importance of having a will.

In case of an accident, you want to make sure that your loved ones know your intentions and how you like your preferences to be realized.

Yes, we also develop trust in the long run but by having a will and an estate you avoid long hold-ups in court or a messy legal process. Please review this video to expand your knowledge about protecting your assets and your family.

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You can download the transcription under the Downloadable materials.

[00:00] Intro

[00:36] Why you should have a will now?

[04:06] If married, what is the best fundamental setup?

[05:37] What to do with non-traditional valuables

[06:55] Scenario 1

[08:26] Scenario 2

You can download the transcription under the Downloadable materials.

[00:12] What is Legal Shield

[04:01] Where can you access this?

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I am a big fan of planning and anticipating things that could happen - not because I want them to happen or like them to happen but because there are things that you can't easily fix when something has happened.

Pretty cryptic - Yes.

Let me explain.

If you drive without car insurance and get into an accident, you will be held accountable (if the accident was your fault) and you will have to pay for the repairs on your car and the injured party's car as well. You can't get insurance after the fact.

We live in a litigious society where people go after what they think is their right at every opportunity. You might think someone is treating you the wrong way. Others might think you did something wrong and sue you.

How do you defend yourself or how do you pay for lawyers when you want to go after your rights?

Too many times people get away with doing things wrong because taking them to court appears too expensive.

I am not advocating suing for every little thing. Instead, I offer this lesson and suggestion so you can be prepared, both for when you get sued or if you want to go after your rights. Enjoy this extra lesson as part of the protection series.

Enjoy the video.