How Do You Become Your Own Bank? (Douglas Andrew)

Video quality	The size	Download

Information How Do You Become Your Own Bank? (Douglas Andrew)

Title	:	How Do You Become Your Own Bank? (Douglas Andrew)
Lasting	:	11.01
Date of publication	:
Views	:	430 rb

By building a balance sheet
Comment from : Zachary Dutcher

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them Well, at least my advisor does too, jokingly
Comment from : Williams Robert

😢
Comment from : MUKTI RAI

😊Everyone need more than their salary to be financially stable The best thing to do with your money is invest it rightly because money left for saving alway end up used with no return
Comment from : Alice mark

This is a complete misrepresentation of the function of banks in our modern economic system Loan production is in fact the only method of money creation in a FIAT currency system
Comment from : Jim Downs

Bank is still the best because they can loan your lil savings as collateral to leverage loan value Unlike with the insurance you can only loan the same savings you put in Other good thing if you purchase a house the bank can refinance the amount you put in to that house where renters pay for the refi loan I assure that the insurance policy dont want to get involve in refinancing a prop
Comment from : Paolo avetillo Lagustan

Thank You,Sir
Comment from : Arturas Statkus

Amazing stuffbut i couldn't take it all at one timejust goes above my headi have subscribed though so that i can listen to more such concepts n finally get enlightened
Comment from : Srikumari

Please confirm, is his full name Douglas R Andrew, as mentioned in books (or author of): 'Missed Fortune 101' and 'Millionaire By Thirty'? 🤔
Comment from : Saurabh Kesharwani

📌 bNice video, love how you take your time to educate your viewers You gave me the mindset to invest my savings now I have made profits over $120k Right now and still making more , I am enjoying a good life with what I made investing Indeed ‚building a Portfolio income (investing) through a licensed investment adviser is one out of many ways to earn passive income/b
Comment from : Lovey Joan

You work for 40yrs to have $1M in yourbrretirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires❤
Comment from : Olivia Ralston

This borrowing from your insurance company 😢does it only apply at the 🇺🇸 🌎 🇺🇲 🇺🇸 because here in Southern African i have never heard of such a possibility?
Comment from : Abiott Ditshego

Did you forget about Fractional-reserve banking (Take in 1, lend out 10)?
Comment from : Webyankee

Bank loan you money because they only need 7 of the amount in guarantee Let’s say you want to buy a million dollars home : they only have to own 70,000$ in guarantee and the rest is « fake money » So you pay 5 interest on a million dollars loan that cost them 70,000$ They are literally making 70 interest rate
Comment from : Steve Bouchard

there's method surprise methought I started with as low as $3,000 actually because it was first time and it successfully to me
Comment from : Collins JJ

You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a crypto market for just few months and now they are millionaires , all thanks to Mrs Jane, God bless you madam 😇
Comment from : Jason Jonathan🦁

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for Success depends on the actions or steps you take to achieve it "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life
Comment from : Bernard Donald

My p0rtfolio is plummeting significantly, I’ve lost about $320k within a few months and I'm not confident about picking st0cks anymore Are there really no other options for me to gain from the stock market?
Comment from : Quinn Conor

Where can we invest on thise insurance?
Comment from : thedude2013

Where can i wacch the whole interview?
Comment from : thedude2013

He’s and insurance agent exposing how the banks who do business wit da insurance companies really get down he would know he’s an insurance agent after all or was one
Comment from : HIRAIII 777

Still dont know what to do to be my own bank 😅
Comment from : P Q

We can’t access this in Australia they stopped this
Comment from : John

Bitcoin price has not been doing really well lately in-fact the whole stock market, buying the dip isn't a tough call and it's a very tough call to figure out what to do aside holding The good thing about the space is that you can buy the dips and put them into active trades, while confidently waiting for a pump in price because it is inevitable Most people do not understand how the space work Charts won't guarantee what an asset is going to do Prices is going up and down and despite that the market has been profitable to me I've always played safe implementing trades with insights and signals from a pro trader
Comment from : Rebecca L

Who do you talk to to set this up, someone at the bank or?
Comment from : Everything is stupid

i have to say this sounds legit i am actually meeting my insurance guy tomorrow to discuss this
Comment from : Justin Miller

PSA: It sounds good, but this is complete bullshit Here's why?, because The value of your insurance policy is based on your premiums and how long you've been paying them So if you have a 1 million dollar insurance policy, and you've only paid about 20K in premiums, they will only let you borrow hell maybe 10k but it's your money you create the money you're borrowing it will take you decades to accumulate 1 million in value literally
Comment from : Facts

How much more is 5 than 1 br4brNobrHow so?br🥲🤣😭🤣
Comment from : Marián A

Talk about beating around the financial bush I listened to this three times and have no idea to do what he describes! He was clearas mud!
Comment from : coastalbeer

You're a genius I love you for sharing this!❤
Comment from : Beverly Looper

They're doing it with "OPM" 😂😂😂 Other People's Money
Comment from : government xx

I feel like this guy owes +70 of his success to his voice
Comment from : Sir Mr Lord Artichoke

I believe the wisest decision that should be on every individual list is to invest in a different stream of income and don't depend on the government to bring you money It's always better to work smart and not hard
Comment from : susan nicky

@5:20 aaaannnd now we have the iproduct/i from wence the infomercial derived
Comment from : maxi me

The banks don’t earn 500 on investing our deposits What insurance companies will pay you for your cash deposits? Sounds like BS
Comment from : Mac65

This does not make you “…your own bank” It makes your insurance company your bank
Comment from : Zeaun Zarrieff

Is this the same Douglas Andrews who has been successfully sued for fraud, even by the SEC ?
Comment from : Dam Pasta

"Big Short" investor Steve Eisman said the sizzling stock market rally of 2023 can run on as long as the US economy stays strong I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Comment from : Stevens Middlemass

They don’t teach us this is school😢
Comment from : fatboydanny1234

4 things with money; spend it, lend it, (????) or give it away Does anyone hear the 3rd thing he’s saying?
Comment from : Andrew Rice

Funny how youtube pushes this sort of content now that the banks are drying up and cbdc is being introduced Its almost as if its a concerted effort to keep you from certain knowledge (presented plainly and comprehensively) until that particular avenue is closing or closed That way it can be said that you were told but that path is no longer viable Lol, Freedom
Comment from : Last of the Best

So you want to become your own bank? Well, that's fine we'll just invest in this variable rate money market fund to start AND IT"S GONE
Comment from : VulcanForge

Just another insurance scam Insurance is good but only term
Comment from : TM1234

He hasn’t mentioned the fact this money is worthless paper, printed out of nowhere
Comment from : Tony

This guy’s making $$$$ commissions on these insurance policies That’s how you get rich!
Comment from : Ben Shenkman

I have been reading your book, well listening to the audio book really I was hoping you could recommend someone that can help me with setting this up for my family?
Comment from : Jacob Shocklie

How to be your own bank? Buy Bitcoin and run your own full node Thats it
Comment from : Bitcoin-only with Robîn

sa sson as the guy couldn't get how is 5 500 more than 1 I lost interest in this vid
Comment from : MrGet

Did he really just say you would get 4 more returns 🤣🤣
Comment from : Novak Srbinovski

No life insurance contracts are yielding 20 returns Also, there are internal expenses in the policy, the cash value doesn’t increase dollar for dollar right away He makes it sounds really good Misinformation
Comment from : James Powell, KM, KCHS

Google this guy and the law suits before doing business with him These policies pay stupid commissions and if not designed correctly will cost you more than you’ll benefit and you could lose all your money This guy and his sons are criminals
Comment from : Rick Carlson Official

Finding insurance company that'll do that for you because you're not going to Are they might do it if you have 10 million dollars with them but don't expect to walk in as a nobody office treat to do this This is one of the most pie-in-the-sky methods that people make books and videos about but you never find a video of someone who can actually do it
Comment from : mikhaelis

Well, its still only 4brbrWhen i gift someone without a single cent a single cent his wealth grew INFINITELY but still dies of starvation
Comment from : Olger Khan

Could someone explain…brI understand how they borrow the million and pay $50K in interest at the end of the year, but how is it that he gets credited $100K?
Comment from : surge1226

English please 🙏
Comment from : Cloud21 - Dad

Video starts at 5:20
Comment from : LordKered

Well obviously, but is joining the ranks of the thieving criminals something your soul can live with?brMaybe not a criminal under financial law , but the love of money is a root of all kinds of evilbrFor this, there will be a final accounting
Comment from : Ken Webster

This is pretty much a super simplified version, but it gets the main point across that we are not taught the basics of finances in school any longer However, keep in mind that it is not as simple as opening a life insurance plan It has to be a specific type of insurance plan, and you must set it up so that you can borrow against it and the tax portion must also be set up properly in order to be able to not only borrow, but earn the interest in a way that you are not over taxed, or even taxed at all It is also wise to set this up so that it can become generational wealth and those younger generations will not be taxed or levied fines and penalties upon your passing
Comment from : Jeremiah Mckenna

You cannot say he was credited, because you don't know if the index will make 10 that year and I don't know a contract that will guarantee loan cost of 5 and won't have the chance to increase I agree with most of what he says but he is missing telling the entire story
Comment from : Bruce Wehner

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability There's always a risk in every investment, yet people still invest and succeed You must look outward if you wanna be successful in life
Comment from : Charles Karen

Many people venture into crypto to be wealthy, meanwhile I just want to be debt free
Comment from : Olivia Greg

America Created by Deception👺
Comment from : ome emo

SooooI should start an insurance company?
Comment from : Called Out

He says right, here in INDIA my dad is a self made Milkionare ( his network recently crossed 8 crore rupees) 1M$, he borrowed from banks @6-7 max, bought residential land in top township at an early stage ( on dirary) and later sold them at 300-500 gain without any taxes on gains as he re invested it, now My dad owns 20,000,Sq ft ( besides my 3000 sqft home)+ land in a tier 2 hi pace developing city " indore'' now I will build buildings on them if it's economically feasabe and if they gen postive cashflow ( im 19 and learning finance from books and watching my dads and analysing his investmentsnand reason for that substancial growth of land prices after he buys it, WE DO NOT HAVE ANY POLITICAL CONNECTIONS AND MY DAD TILL DATE WORKS A 6-8 HOUR JOB FOR ,2 LAKHS MONTH HE'S 54( ILL RETIRE HIM SOON)
Comment from : Heheguy Sharme

How do we invest in insurance companies?
Comment from : Christopher DeAngelis

This a bs infomercial Don’t waste your time It’s an insurance sales scheme Been around a while
Comment from : Kevin Crittenden

Well, that is until the guy who initially deposited his 1 million dollars withdraws his money
Comment from : Sublyme

Pure bs A marketing tool for whole life insurance sales
Comment from : andrew wolf

Let me give an examplebrLet me give you an examplebrProceeds to give a example of multi millionaire property Investments
Comment from : Neil Campbell

Huh, i dont get it Maybe because im not american In the Netherlands such construction would work i think But maybe its because i dont know how it really worksbrSomeone has an example with a real insurance company?
Comment from : Icarus the fly

these people are talking about people who has 1 million dollars im here trying to grind a 100 bucks lol
Comment from : DopestDope

While distracted at the banks, the insurance is the real inflammation scam
Comment from : Mavro Syvannah

Building my own bank and issuing my own currency in 1 Month
Comment from : Alen Devlin

I didn't understand ANYTHING
Comment from : Lillysnet

Wait? Ummmmwhat type of insurance policy is paying out 25??!!? lol
Comment from : Brian Pass

fractional reserve banking IS a scam yes
Comment from : Brian Pass

The difference between 1 and 5 is 500 common core
Comment from : David Oldenburg

I’d rather be my own snake-oil salesman
Comment from : Lance Roark

Can anyone advise on how this translates to the UK? The logic of the what the banks do is the same but what is our equivalent of “insurance contracts” please? Thanks
Comment from : Robbie Shelbourne

🚀🏦 This video is pure financial empowerment! 💪✨ This is absolutely inspiring and opens up a whole new perspective on breaking free from the traditional banking system It's time to take control of our money, investments, and future No more limitations or middlemen holding us back Thank you for this empowering video! 🌟🙌 Let's dance our way to financial independence and show the world what it truly means to be your own bank! 💃💸 #BeYourOwnBank #FinancialEmpowerment
Comment from : Daily Discovery Network

Where are you going to get the money to build the house ?
Comment from : Raymond Caylor

I feel either the bank or the insurance co will scum youI detest financial game fervently prefer to live frugal onwhat I earn they play eith YOUR $$ not theirs
Comment from : Eugeniadella

yeah right, the insurance would go broke
Comment from : Ross Strachan

🔥
Comment from : Guario Nex

👏
Comment from : Bogdan Abraham

How does the insurance contract earn 10? brbrWhat happens if you borrow at 5 from it and that year it returns -20 like 2022?
Comment from : Barry Gitarts