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IBC Myth: Interest Paid Cannot Be Ducted. 💰#IBC #InfiniteBankingConcept #FarmingWithoutTheBank #FinancialEducation #PersonalFinance #Interest #BusinessOwner
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Leveraging the Infinite Banking Concept (IBC) to buy a car involves using a specially structured indexed universal life insurance policy to finance your purchases instead of using traditional auto loans or financing options. The idea is to "become your own banker," using the cash value of the life insurance policy to finance major purchases, like a car.🚗 This strategy allows you to finance major purchases while keeping control of your money and building a long-term financial asset in the form o
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Leveraging the Infinite Banking Concept (IBC) to buy a car involves using a specially structured indexed universal life insurance policy to finance your purchases instead of using traditional auto loans or financing options. The idea is to "become your own banker," using the cash value of the life insurance policy to finance major purchases, like a car.🚗 This strategy allows you to finance major purchases while keeping control of your money and building a long-term financial asset in the form o
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