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How to Build An 8 Figure Infinite Banking Account For Building Generational Wealth | Karl Schnitzer
Season 6 Episode 136
In this episode of the Millionaire Mindcast, we are joined by an amazing guest, Karl Schnitzer, who talks about pretty cool stuff on being in a law enforcement department, real estate investing, sales, life insurance, and building a generational-wealth through Infinite Banking!
Karl Schnitzer is an Infinite Banking expert, RE/MAX Realtor, and life insurance agent at Producers Wealth. He was a cop on the street but fell out of love with the profession pretty quickly when he saw the reality of it. He realized that risking his life is not worth anymore. Thus, real estate became his escape but recognized it wasn’t his passion at all being an operator. He is not a real estate investor, but he found his passion in Infinite Banking and life insurance where he feels like he’s not working. Karl obviously, currently building a cash flow portfolio in life insurance policy. He believes that this is an efficient way to spend your money. Now, he’s not risking his life anymore but also achieving freedom in life.
Some Questions I Ask:
- What led you to leave behind the W2 Job and dive into the real estate world?
- What was it about in military or law enforcement that initially attracted you to space?
- What was the event that you think being in law a cop is enough and you need to figure out what’s next?
- What’s the transition look like from being a police department to a full-time real estate investor?
- What was your mindset on pause buying and focus on selling in real estate?
- What were some of the things that encouraged others to research a little bit further to determine how they want to go about investing in real estate?
- What was your first interaction with Infinite Banking Concept?
- What’s the bad and good way of life insurance and infinite banking?
- How did you start in life insurance policy and take it full circle?
- What was that starting point in insurance policy?
- Is there a model or framework if anyone wants to have a million bucks in the next decade?
- Where did infinite banking all start?
- What were some of your favorite books or resources that you learned value from?
- What is the long-term goal for yourself with Infinite Banking?
In This Episode, You Will Learn:
- A glimpse on law enforcement world
- Time freedom in IBC
- The cool things about life insurance
Quotes:
“More capital you have, the more deals you can do.”
“You never want to escape your job with something else, you want to chase your passion.”
“If you are working with a God-given purpose, it shouldn’t feel like work too.”
Resources Mentioned:
Becoming You Own Banker book by R. Neilson Nashinfinitebanking.org
Connect with Karl Schnitzer on:
Instagram Facebook producerswealth.com
Sponsor Links:
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Published on 3 years, 1 month ago