Two world famous businesses were created by two men who used their whole life insurance policies as a source of capital…

Two world famous businesses were created by two men who used their whole life insurance policies as a source of capital…

Walt Disney.

So you want to start a theme park with a rat mascot?

Walt Disney, the founder of Disneyland
Yes, Walt Disney apparently had trouble convincing Banks that people were going to visit a Theme Park for the love of a mouse and a duck. So he borrowed money using the cash value of his whole life insurance policy to finance his Theme Park called Disneyland when the banks wouldn’t give him a loan. Now Disneyland is world famous.

Ray Kroc

So you want to start a restaurant with a clown mascot?

Ray Kroc, owner of McDonalds Restaurants Chain.
Yes, Ray Kroc had trouble getting loans from banks to expand the chain of restaurants called McDonalds threw real estate acquisitions. It seems that banks thought a restaurant chain with a clown mascot called Ronald McDonald was a silly idea and refused to loan him money. So he borrowed money using the cash value of his whole life insurance policy to finance his business and eventually used a loan to buy out the founders and owners the McDonalds brothers. So he became the sole owner of the McDonalds Hamburger Fast-food chain. Now McDonalds is world famous.

Thought
Interesting how these two men borrowed against the cash value of their whole life policies to finance these once obscure, but now famous businesses.

So do you do what everyone else is doing or do you do what successful people are doing?

Knowledge is power, power brings wealth and wealth provides freedom.

Free yourself.

✍️ By Shortsegments.

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