Michael Hession
Founder at The Perfect Asset │ Infinite Banking Concept Authorized Practitioner │ Helping entrepreneurs turn debt & cash-flow into tax-advantaged wealth | Truth‑Telling Wealth Strategist
- Role
- Wealth Strategist at Factum Financial
- Location
- Cranston, RI, US
- LinkedIn followers
- 500 followers
About Michael Hession
Why most six-figure earners feel broke Money flows in, but banks, taxes and market…
Experience
Wealth Strategist
Jul 2024 — Present · Boston, MA, US
Infinite banking is a concept that allows an individual to capture the opportunity cost of their money. The whole idea is to recapture the interest that one is paying to banks and finance companies for the major items that we need during a lifetime, such as automobiles, education, homes, investment opportunities, and business equipment. The only vehicle that should be used for Infinite Banking is dividend-paying whole life insurance. The Cash Value that is always increasing on a guaranteed basis can be used as collateral to take out low-interest policy loans to assume the position of banker in your life. As the Cash Value grows every year it will provide a passive income source for later years.
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