Pay off debt and achieve your financial goals.
Your certified consultant will present a personalized report to visually represent your debts and scheduled interest. Your consultant will show you how redirecting inefficient dollars into the cash value of a whole life insurance policy will help you eliminate debt incrementally and build savings. You will also find out when you’ll become debt free and see how much interest you will save.
HAVE YOU EXPERIENCED THIS?
You’re in line at
the grocery store…
You’re in line at the grocery store and prepared to check out. After swiping your card, the grocery attendant says, “I’m sorry, but your card was declined.” Instantly, your heart thuds against your chest and you feel as if everyone is staring at you.
I was sure I had enough money in my bank account, you think. Suddenly, you begin to sweat. To make the situation end, you reach for a credit card. The card reader flashes “Approved” and you scurry from the store as fast as you can.
While you have avoided a potentially embarrassing situation, you’ve now leveraged your future for groceries that will be gone within two days.
It is the scenarios like this one that have caused millions of Americans to fall further and further behind with their financial goals. And it’s one of the reasons we at Smart Banking Strategy are committed to helping individuals and families eliminate all debt in under 9 years or less* to achieve financial freedom and create generational wealth.
Are you interested in learning how this is possible? If so, keep reading.
DEBT IN AMERICA
Few of us enjoy talking about debt, but it is a topic that affects most of all Americans. Currently, 62% of Americans live paycheck to paycheck (1). Furthermore, according to the latest Quarterly Report on Household Debt and Credit, household debt in America rose by 2.4% or $394 billion in quarter four of 2022 (2).
So, while you might not enjoy talking about the money you owe, it’s a conversation worth having sooner than later because debt is the liability that prevents you and your family from achieving your financial and life goals.
At Smart Banking Strategy, we teach a four-pillar approach called Foundational Planning to help clients just like you achieve financial freedom as well as build and sustain a legacy. The first pillar is debt elimination.
Why?
Because if you’re drowning in debt, your ability to invest in initiatives and build strong, healthy relationships will suffer.
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Debt is the #1 reason in the United States for divorce (3)
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Financial abuse occurs in 99% of domestic violence cases (4)
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Debt and a lack of planning can lead to substance abuse because people don’t have the ability to release the pressure the right way (5)
Being inundated with debt
isn’t the American Dream…
The average Baby Boomer preparing for retirement has over $200,000 in debt yet has only $60,000 in savings (6). Considering the average cost of a long-term care facility exceeds $60,000, it is a troubling scenario – yet it’s the reality for most Americans entering retirement.
Considering debt is the #1 obstacle preventing people from retiring when they want and how they want, eliminating debt needs to be the primary focus for individuals and families who are ready to improve their financial situations.
By spending efficiently, you will:
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Decrease the amount you pay in taxes – the less you spend, the more you save!
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Improve your cash flow.
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Save for college whether for yourself or a loved one.
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Retire with tax-favored income.
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Ensure every dollar you invests does multiple jobs for you.
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and more!
Plan for the Expected and Unexpected (80/20 Rule)
“Life happens” and often at the most unexpected times. For example, the car transmission might go out or the hot water heater might stop working. When confronted by such an obstacle, what do most people do? You guessed it – put the unforeseen need on their credit cards. That’s how and why most people get “stuck” in the loop of compounding interest.
We want to empower you to break the cycle of constantly accumulating debt by planning for life’s expected and unexpected events. Benjamin Franklin’s age-old adage rings true: “If you fail to plan, you plan to fail.”
Our strength is in helping you plan for 100% of the expenses that will arise in life. By doing so, your footing will remain strong as you trek the path of life.
When you track
your money, you control it!
Controlling your money means understanding where you spend your hard-earned dollars every month. Without awareness of what you earn and how it’s being spent, you expose yourself to financial risk.
We strive to empower our clients not only to understand where their money goes but to leverage it and maximize its efficiency. If you don’t control your money, you won’t be able to adhere to a plan that can help you overcome some of the many risks in life.
What does it mean to spend efficiently?
During the average American’s working lifetime (18-65 years old), they will earn roughly $2,000,000 and retire with just $60,000 (6). Incredibly, this statistic hasn’t changed in 30 years.
What this statistic means is that we must be smarter with how we manage and spend money in today’s world. To spend efficiently means you need to be aware of how you spend your hard-earned dollars and be proactive in how you invest what you can save.
As holistic financial planners, our goal is to help you eliminate all debt in under 9 years or less* without spending any more than you do today.
The primary financial risks include:
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Downturn in the market
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Unexpected Taxes
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Inflation
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Emergencies
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Disability
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Lawsuit
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Fraud
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Outliving your money
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Death
Ready To Get Started?
Schedule a Consultation or fill a form
Submit some basic information or meet with a certified Debt Free Life consultant online or in person.
Review Your Personalized Debt Elimination Report
Learn more about your debt and scheduled interest in your personalized debt elimination report.
Take Back Control
Your consultant will show you how to redirect your inefficient funds into a specialized whole life insurance policy to pay off your debts and reduce interest.
Continued Support From Your Debt Free Life Consultant
Your consultant will show you how to redirect your inefficient funds into a specialized whole life insurance policy to pay off your debts and reduce interest.
You can eliminate all debt in under 9 years or less.
The reality is most Americans spend three-quarters of their monthly paycheck toward paying down compounding interest and taxes. How we help clients obtain financial freedom is achieved by teaching the following:
1) How to spend money efficiently
2) How to pay fewer taxes, because the less you spend, the more you save
3) How to reduce the volume of interest you are paying to lenders
4) How to leverage every dollar earned, so it performs tasks of at least 5 different jobs
5) How to build tax-favored retirement income
6) How to put a plan in place for long-term care
Our approach is not a debt consolidation for a fee program. Nor is it a program in which you are required to eat beans and rice and cut up your credit cards. What we teach is a foolproof strategy that will help you eliminate debt, reduce the volume of interest you are paying to lenders and build thousands of dollars in tax-free liquidity at the same time.
“We were burdened with a $150,000 debt, a seemingly insurmountable obstacle that loomed over us for 25 years. Thanks to our newfound financial strategy, we're thrilled to share that we've slashed the timeline to just 7 years. It's a liberating feeling to envision a debt-free future much sooner than we ever thought possible."
Dylan May, CA
Zero Debt Life®
Policies are issued by Mutual Trust Life and Lafayette life; two trusted names in the industry that has been providing long-term financial security for nearly 150 years. Consistently rated “A” for excellent balance sheet strength and operating performance for the past 20 years, Lafayette Life has proven stability and reliability. Since 2019, the company has eliminated over $300 million in scheduled interest, reinforcing its commitment to client success. With this foundation, Zero Debt Life offers a modern solution to paying off debt by leveraging the cash value of a specialized whole life insurance policy—helping you build financial freedom while protecting your future.
Other related services
How does Zero Debt Life® work?
For individuals who are paying their bills on time and contribute to a savings or retirement account, Debt Free Life is a modern way to pay off your debt using the cash value of a specialized whole life insurance policy.
1. Get Your Personalized Debt Elimination Report
Using our exclusive software, your certified Debt Free Life consultant will generate a personalized debt elimination report showing you how and when to pay off each debt and forecast when you will become debt free. Also, you can project the amount of interest you will save.
2. Build Cash Value
Extra funds are redirected into the cash value of your policy. Now, your money will accrue guaranteed interest and annual dividends.
3. Pay Off Your Debts
Using the money in the cash value of your policy, you will begin to pay off the principal balance of your debts. By borrowing money from yourself, you can pay off your debts faster and reduce interest owed to banks and lenders.
4. Start Living Debt Free
Once your debts are paid off, you can use your policy funds for large purchases, retirement, or a child’s education.
