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    Infinite Banking Concept: How to invest in Real Estate with Infinite Banking, #1
    Infinite Banking Concept: How to invest in Real Estate with Infinite Banking, #1
    Infinite Banking Concept: How to invest in Real Estate with Infinite Banking, #1
    Ebook173 pages1 hour

    Infinite Banking Concept: How to invest in Real Estate with Infinite Banking, #1

    By Jeffery William Long

    2.5/5

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    About this ebook

    This book is about the system I use to invest in real estate and how I got the funds to purchase real estate.

     

     

    LanguageEnglish
    PublisherJeffery William Long
    Release dateSep 1, 2021
    ISBN9798201932008
    Infinite Banking Concept: How to invest in Real Estate with Infinite Banking, #1
    Author

    Jeffery William Long

    Inspiration for the book: This book was inspired by The Storm On The Sea Of  Galilee painting.  The painting depicts the bible store: Calming the storm which is one of the miracles of Jesus in the Gospels, reported in Matthew 8:23–27, Mark 4:35–41, and Luke 8:22–25 (the Synoptic Gospels). This episode is distinct from Jesus' walk on water, which also involves a boat on the lake and appears later in the narrative.  2. We were also inspired by the song by Randy Travis Three wooden crosses. The most important inspiration came from my Wife Dale Long who has her father’s bible and her grandmother’s bible both were handed down to her and entrusted her6t66fv to keep the bibles in the family. 3. The Journey Line Series is credited to Lakeside Church in Folsom, CA

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    Reviews for Infinite Banking Concept

    2.5/5

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    • 3/5
      Some helpful information. However, there is a lot of filler content that the author obviously used to make the book longer.
    • 2/5
      The whole book could have been written in 20 pages but the author constantly repeated themselves to make it longer. It gives the amount amount of information as Wikipedia. There is 18 pages that talk about the same 5 riders, over and over again.

    Book preview

    Infinite Banking Concept - Jeffery William Long

    How I use the banking concept to make passive income from investing in real estate

    Passive Income Ideas Requiring an Upfront Monetary Investment

    These types of passive income require you to invest money upfront to generate the passive income later. Don't be alarmed though - you can start with as little as $5 with some of these ideas, so it's achievable for everyone.

    1. Dividend Stocks

    Dividend stocks are tried and true way to earn passive income. You will have to do plenty of research to find good stocks and invest a significant amount of money to receive large dividend checks. However, if you consistently invest money into dividend stocks you can amass a nice residual income over time.

    For any of these investment opportunities, make sure you open an account at the best online brokerage and get rewards while doing it.

    This is amazing for investing in dividend stocks because you can build your portfolio of, say, 30 stocks. Then, your investments will be auto-allocated to your entire portfolio every deposit - for FREE! You can even auto-rebalance. Then, your dividends can also be reinvested. It's a fantastic platform, and it was made for this.

    2. Rental Properties

    A cash-flowing rental property is a fantastic way to bring in a monthly income. To make this truly passive you can outsource the running of the properties to a management company.

    However, the internet has made investing in rental properties easier than ever before. There are a lot of ways you can invest in rental properties depending on what your goals and interests are. You can be a limited partner in large residential or commercial properties, or you can buy homes and be a landlord - all online!

    3. High Yield Savings Accounts And Money Market Funds

    If you don't want to think much about your money, but want it to work for you, a basic place to put it is in a high yield savings account or money market fund.

    The difference is in the account type and where it's located. Typically, high yield savings accounts are located at banks and are FDIC insured. Money market funds can be located at both banks and investment companies, and are only sometimes FDIC insured.

    Interest rates have been rising, so putting more money into a savings account can generate a safe passive income stream.

    4. CD Ladders

    Building a CD Ladder requires buying CDs (certificates of deposits) from banks in certain increments so that you can earn a higher return on your money. CDs are offered by banks and since they are a low-risk investment they also yield a low return. This is a good option for the risk-averse.

    For example, what you do if you want a five-year CD ladder is you do the following. Look how the rates rise over different time periods (these are estimated):

    1 Year CD - 2.50%

    2 Year CD - 2.90%

    3 Year CD - 3.05%

    4 Year CD - 3.10%

    5 Year CD - 3.15%

    If building a CD Ladder sounds complicated, you can also stick to a traditional high yield savings account or money market fund. While the returns aren't as amazing as other things on this list, it's better than nothing, and it's truly passive income!

    5. Annuities

    Annuities are insurance products that you pay for but can then provide you passive income for life in the form of monthly payments. The terms with annuities vary and are not always a great deal so it’s best to talk to a trusted financial advisor if you’re interested in purchasing an annuity.

    These investments aren't for everyone - they can come with high fees, and not be worth it. But if you have zero risk tolerance for loss, and are looking for a passive income stream, this could be a good potential idea for your portfolio.

    6. Invest Automatically In The Stock Market

    If you're not interested in picking dividend paying stocks (and I can understand that), there are still ways to invest passively in the stock market. You can automatically invest in various ways through what's called a robo-advisor.

    A robo-advisor is just like what it sounds like - a robotic financial advisor. You spend about 10 minutes answering a few questions and setting up your account, and the system will take it from there.

    The most popular robo-advisor is Betterment - which you can set up to automatically invest in and they will handle the rest for you. What's great about Betterment is that they charge one of the lowest fees in the Robo-advisor industry, and they make it really easy to invest automatically.

    7. Invest In A REIT (Real Estate Investment Trust)

    If you're concerned about investing directly in real estate, or maybe you're not yet an accredited investor, that's okay. You can still take advantage of real estate in your investments through REITs - Real Estate Investment Trusts.

    These are investment vehicles that hold property within them - and you as the owner get to benefit from the gains, refinances, sale, income (or loss) on the property.

    8. Invest In A Business

    Another way to generate passive income is to invest and be a silent partner in a business. This is very risky, but with risk comes the potential for high returns. For example, several years ago both Lyft and Uber were looking for private investors to invest in their companies. Today, they are worth billions - but you as an investor would only reap that benefit if they go public via an IPO, or get acquired. So, it's risky.

    But there are ways to reduce your risk. For example, you can invest small amounts in many companies by lending them money in small bonds.

    There are now tools available where you can loan money to a business and get paid a solid return for doing it!

    9. Invest In Student Income-Share Agreements

    An Income-Share Agreement (ISA) is an alternative to student loans. By using an ISA, a student’s tuition is paid for in exchange for a percentage of their future income.

    Who is funding these ISAs? Private investors and universities fund them. Investors basically take a bet on a student’s future.

    You see these most commonly at coding academies and trade schools, but they are growing in popularity.

    10. Refinance Your Mortgage

    This may sound strange in a passive income article, but refinancing your mortgage can be a great way to free up a lot of income and save you $100,000s over the life of your loan. That's a pretty good gain in my book.

    Right now, interest rates are still near historic lows, and if you haven't checked out your mortgage lately, now's a great time to shop around and compare rates. If you can save 0.50% or more on your loan, you're potentially adding tens of thousands of dollars back into your pocket. Not many investments can beat that.

    11. Pay Off Or Reduce Debt

    Along the same lines as refinancing your mortgage, if you can pay off or reduce your debt, you're making huge progress in building income. But just like other things in this topic - it takes a monetary investment to make that happen.

    The great thing about paying off debt is that it's a straight return. If you have a credit card at 10% interest, paying it off is a 10% return on your money! That's huge.

    There are two approaches you can take with debt: refinance or consolidate, or balance transfer and pay down.

    12. Peer to Peer Lending

    P2P lending is the practice of loaning money to borrowers who typically don’t qualify for traditional loans. As the lender, you have the ability to choose the borrowers and are able to spread your investment amount out to mitigate your risk.

    Passive Income Ideas Requiring an Upfront Time Investment

    The next section of passive income ideas requires a time investment. Instead of using money, you need to put in sweat equity to make this happen.

    Almost all of these ideas require starting a personal blog or website. But the great thing about that is that it's incredibly cheap to do. We recommend using Bluehost to get started. You get a free domain name and hosting starts at just $2.95 per month - a deal that you won't find many other places online! You can afford that to start building a passive income stream.

    13. Sell an eBook Online

    Self Publishing is mainstream today. When you purchase an eBook off of Amazon there’s a pretty good chance you’re buying a self-published book. Self-publishing is also ridiculously easy. I tried this a few years ago and couldn’t believe how simple the process was.

    To self-publish a book you’ll first need to write and edit it, create a cover, and then upload to a program such as Amazon’s Kindle Direct Publishing. Don’t expect instant success though. There will need to be a lot of upfront marketing before you can turn this into a passive income stream.

    14. Create a Course on Udemy

    Udemy is an online platform that lets its user take video courses on a wide array of subjects. Instead of being a consumer on Udemy, you can instead be a producer, create your own video course, and allow users to purchase it. This is a fantastic option if you are highly knowledgeable in a specific subject matter. This can

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