Doug Peacock is the CEO and founder of Peacock Wealth Group. As a lifelong football coach and educator, Doug has helped thousands of families win the personal cash-flow game. The game plan recaptures the thousands of dollars paid to banks and other lending institutions to grow wealth safely and predictably in a tax-favored environment into your personal financing system. Doug is especially effective with student loans and destroys them quicker than you ever thought possible. As a college funding specialist, Doug coaches parents on how to send students to their best schools without destroying retirement accounts and with as little out-of-pocket money as possible. Some have even found themselves getting every dollar they spend on college back into their cash flows during retirement, making college funding extremely efficient.
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[00:01 - 08:10] Using Whole Life Insurance Policies to Take Control of Your Finances
Discusses Nelson Nash's method of using whole life insurance policies as a personal banking system
Shares Doug Peacock's experience using this concept to help his players get out of student debt faster
Explains how the infinite banking concept can be used to set up children for financial success
Emphasizes the importance of finding the right coach and being cautious of bad information
[08:11 - 16:52] How Life Insurance Policies Can Help You Pay Off Student Loans Faster
Explains how privately owned insurance policies can be used for arbitrage
Shares an example of a football player who got out of debt in 7 years with the help of a policy
Highlights the benefits of controlling the money and using it for anything, not just debt reduction
Explains how mutual life insurance companies that don't have stockholders pay dividends to policyholder
[16:53 - 24:33] Becoming Debt-Free with Unique Insurance Policy Design
Shares a success story of a married couple with six figures of student loan debt becoming debt-free in about 7 years and 4 months
Explains how a unique policy design allows access to money in 30 days
Highlights how policy loans were used to pay off student loans, smallest to largest
Emphasizes the competitive spirit developed as the couple worked to knock out loans quickly
[24:34 - 37:53] Using Life Insurance Policies as a 'Storage Tank' for Money
Discusses the benefits of investing in a life insurance policy as a "storage tank" for money
Emphasizes the guaranteed growth of dividends received from the policy
Recommends putting every dollar into the policy and taking out loans against it instead of relying on traditional retirement accounts
Highlights the author's superpower of being intentional and focused, and seeing failures as opportunities to learn and grow
Connect with Doug:
Social Media: LinkedIn
“The truth is, we can do anything with that money because you control it. Not the bank.“ - Doug Peacock
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