Is There a Cost When We Pay Cash?
At this point, you may feel like we’re beating a dead horse with this opportunity cost thing. In this second-to-last post, we want to really bring home the idea by looking at some actual comparisons between payment options.
We will compare a “shoebox” savings account, CDs, and cash value banking with Whole Life Insurance to make purchases. We’ll see exactly what the difference is when we act as our own “bank” to recapture the interest we pay to banks and other lenders.
(Video Source: Truth Concepts)
Our mission is to help your family and/or business realize its full financial potential. We help identify areas where money is getting away from you in the form of opportunity costs (taxes, fees, inaccessible cash) and bring that money back under your control.