The video provides relevant information on financial planning. So the wealthy will leverage these policies for their children because they have something called compounding interest on their side. So when the child turns 10, when the child, the eighth and I always say he says that compound interest is the eighth wonder of the world monetarily. But he was also talking about in the mindset because a one percent mind. And if you get one percent better every day, it keeps the average mentality away. So essentially, if I know that I have comp, if I know that my child is two years old, three years old, 10 years old, 12 years old, and I'm putting this money needs to be put aside for them anyway, or you're going to send them off at 18 with that. You never gave them financial literacy, but you send them off to college to go get a loan. They only know how to sign. They don't know the APR. They don't know any of that. So in revelation to what you said, if they're building up the compound interest in a properly structured cash value life insurance policy, let's say the child turns 18 in opposition to education 529 plan, which is basically just a place where you can save your money for your child for them to go to college. Well, if the child decides not to go to college, the whole plan goes out the window. But if you get in compound interest and it's an index fund by the time your child turns 18, they may not want to go. That's the point. And because you properly structured them, right? You can then leverage that money. Let's say you want to go ahead and get them a piece of real estate.
