- Thread starter
- #11
Harry Nguyen
New Member
- 5
I'm not concerned about the MEC within 7 years cause I don't even max it out every year, maybe like half of it. It's just after that, is my concern.
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Why would you stop overfunding? That's the fuel that makes it work. Unless you just can't afford it right now - the best thing to do is actually the opposite. Fund up to the max for as long as you can - especially if you are young.
Yeah true, but I could only fund what I could afford right now. I just do what I can. Say, someone that's older than me have more money, do they have a advantage over me since I started at a early age?
I feel like its similar to credit, if you start early its better for you than later in life. I started my credit when I was 20, if I knew about this back then I would have start. But I started at 26. They say the best time to start is now. I know there are people in their 30's and 40's that they don't even have life insurance. The average people know about term, maybe a few know whole life but don't know about overfunding - infinite banking.
I know there are people in their 30's and 40's that they don't even have life insurance
The average people know about term