If you’re like most, it’s probably only around one percent. In this episode of the Freedom Fast Lane podcast, Same Prentice from WealthPoint explains that there is a different kind of savings account that can earn up to 10 percent or more each year.
This account maximizes your upside, and virtually eliminates all your downside, growing tax-free and gives you access to your capital so you can stay liquid through times of opportunity, as you'll learn in this interview.
It’s complicated, but exciting if you can get how it works, which is why it's the focus of this podcast episode. Sam Prentice explains how a capital warehouse is one of the smartest and safest investments for investors today.
In a nutshell, this is how capital warehouse works: you deposit money into an account, and pay a yearly premium. Your policy is tied to the yearly performance of a stock index, like the S&P 500. So if the market goes up 25-30 percent, you’re credited that amount in interest up to the cap.
And the best part of this is that you have access to the cash in your account.
Again, not only will this account earn up to 10 percent or more of interest on your money and are protected against downsides, but you have access to this cash so you can stay liquid and take advantage of opportunity.
This is a game-changer for three main reasons:
I thought this was too good to be true, but it turns out that the benefits of a capital warehouse are very much the real deal. It’s covered in detail as part of our Investing For Entrepreneurs Course, so check it out and start building wealth like the rich!
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