Thank you for watching!

Glad you enjoyed it! Family Meetings are a game changer!

You are welcome!

James, There are products that let you pay longer, but then you cannot pay as much earlier in the life of the policy. Everything is a balance and trade-offs. Trying to optimize for early cash value and long-term growth without limiting how much you can put into the policy over the long run. 2) The reason its blended is because they are using annually renewable, not level term.

Thanks! Glad you liked it! Let’s all crush those money goals together! 💪💰

You are so welcome!

Time flies, doesn’t it? It’s fascinating how concepts based on sound principles do not change!

Thank you for watching!

Thank you for watching! We always enjoy when Rabbi comes on our show for an interview!

Thank you for commenting! I am not sure what you are asking? Both Base and PUA premium contribute to the cash value. The 3 Components of Infinite Banking Policy Design: Base, Paid-up Additions and Term: kzbin.info/www/bejne/iWaXppigq52aY7M

Thank you for commenting! We've addressed that myth before: Is Infinite Banking a SCAM? Dave Ramsey Says So: kzbin.info/www/bejne/gJ_FpGOfdrOXg7c Whole Life Insurance Infinite Banking Concept IBC Objections, Answered: kzbin.info/www/bejne/n561oHundsyopM0

I'm glad you're enjoying the content! There's so much wisdom to gain from these timeless teachings.

Thank you for the detailed response, and glad to hear you find our content valuable worldwide! While I cannot speak for "Austrian Economics," I can say that personally, I think a system that maximizes people's individual freedoms will, over the long run, be what's in the best interest of the whole. Having said that, there are caveats, as I don't believe in unfettered freedom or Licentiousness. Thus, we need a system that punishes bad behavior. Humans are not angels, but ultimately, it's in our best interest in the long run to consider others. Thus, sustainable wealth is obtained through serving others. Prioritizing the value we provide before the compensation we receive.

Great insight! Thanks for sharing.

Thanks for watching! It's great to hear from someone all the way in Nepal!

Thanks for your comment! You're absolutely right-90/10 design strays from the foundational principles of Infinite Banking (IBC). Nelson Nash emphasized the importance of long-term thinking, building a strong foundation with whole life insurance. The 90/10 structure prioritizes early cash value at the expense of the health of the policy. This can lead to policies that are less robust over time, more prone to MEC, and may not support the true spirit of IBC, which is about creating a multigenerational financial system.

Thank you for sharing! Family meetings are a great way to strengthen relationships and tackle important topics. Enjoy your first one!

Thank you for your kind words! I’m glad you found the video helpful.

Yes, money is a receipt that says value has been given.

@ on a macro level it becomes a tool for extracting wealth which often leads to imbalances.

@@NoMadMediaProductions This video is from 3 years ago so I have no context to what specific statement made in the video you are referring to, but providing value does not lead to imbalance, however taking/stealing leads to imbalances.

That’s a really important point, and I appreciate you bringing it up. Physical labor takes a significant toll on the body, and I have deep respect for those who’ve dedicated themselves to such demanding work. The video wasn’t meant to dismiss the challenges of physically intensive jobs-it’s about redefining ‘retirement’ as transitioning from one kind of contribution to another, rather than simply stopping altogether. For those in fields like construction, that transition might mean sharing skills, mentoring, or investing time in family and community in ways that don’t strain the body. Thank you for sharing your perspective-it’s an essential part of this conversation!

Great question! Once a policy becomes a Modified Endowment Contract (MEC), it cannot be reversed. A MEC is triggered when the policy exceeds IRS-imposed limits, which causes the policy to lose some of its tax advantages, particularly for withdrawals and loans. From what you described, it sounds like you're leveraging the policy to generate cash flow, which is a creative strategy! However, if your policy is a MEC, any withdrawals or loans taken from the policy are treated as taxable income on the gains first (LIFO: Last In, First Out). This differs from a non-MEC whole life policy where loans remain tax-free, provided the policy stays in force. I'd suggest consulting with an advisor. They can help clarify your MEC status and ensure this strategy aligns with your long-term goals, especially regarding taxes and compounding growth. If you would like to talk with someone on our team you can book a call here: themoneyadvantage.com/calendar/

Thank you so much for saving the video! I’m thrilled to hear that you found it to be a great resource.

I'm glad you found the discussion insightful! The wisdom shared truly is timeless.

Appreciate the humor! 😄 The point wasn’t about working every day, but rather finding ways to stay engaged and contribute in meaningful ways. It’s about redefining what ‘work’ and ‘retirement’ look like. Would love to hear your take on it!"

Thank you for sharing your perspective! I completely agree that investing time in family, community, and meaningful crafts is incredibly valuable. The clip you’re referring to was just a small part of a much longer discussion. The point being made is that the traditional idea of 'retirement'-literally meaning 'to put out of use'-often implies stepping away from contributing value entirely. What you’re describing isn’t 'retirement' in that sense; it’s a powerful shift in focus, where elders can provide immense value through their wisdom and experience. It’s not about doing the same work forever, but about continuing to contribute in ways that matter most.

Thanks for taking the time to share your thoughts! We’re always open to hearing different perspectives. Could you share more about what you found terrible? We’d love to have a constructive conversation and learn from your insights. Your feedback helps us improve!

Just like any grouping of people, they have diverse views. For instance: some argue that Bitcoin is the hardest form of money ever created and that it aligns with the Austrian emphasis on freedom and decentralization. Some adherents of traditional Austrian economics express skepticism, particularly those who strongly adhere to Mises's regression theorem or those who believe that physical commodities are essential to sound money.

Ah, the magic of "funny" money! It's like a financial magician pulling rabbits out of hats-except those rabbits multiply and cause a bit of chaos!

It must be all the caffeine and good genes!

Children really do learn a lot from their environment, and family meetings are a great way to set a positive example.

I'm glad you found the wisdom shared valuable! It's always great to learn more about managing our finances.

Nelson Nash, the creator of the Infinite Banking Concept (IBC), often stated that "interest rates don’t matter" within the context of financial control and opportunity cost rather than a literal dismissal of interest rates. Nash emphasized the importance of cash flow and having control over your financial system, and that being your own banker through a properly designed whole life policy provided more value in terms of liquidity, flexibility, and autonomy, making external interest rates less relevant. By financing purchases through your own banking system, you avoid paying interest to third-party lenders and keep more of your money working for you. From this perspective, the interest rates charged on policy loans become less significant compared to the benefits of retaining control. This does not mean that interest rates are entirely irrelevant in the broader financial sense. Rather, they are secondary to the benefits of creating and controlling your own banking system through IBC.

Absolutely!

Thanks for watching! Now that's the kind of growth I could get used to! If only my bank account could take notes! 😉

@@dontfighttheriptide4091 dollar has fallen on average 10% annually for 25 years. 8% annualized over 55 years. Seems like a very expensive source of liquidity

@ewinslow822 it doesn’t sound like you’re using that liquidity to cancel out finance cost and inflation - tail-wind vs head-wind. The point of becoming your own banker is not for that liquidity to sit at the ~5% IRR growth, but to serve a purpose - finance lifestyle and investment portfolio. Stable growing liquidity, yes, but more importantly to be put to use

You bring up some excellent points about the historical context of monetary systems and their relationship with life insurance. It's fascinating how the industry has persisted since before the US was a country.

One thing I have wondered about is the historical dividend rate was still around 6% pre federal reserve creation and the resulting permanent inflation. So the inflation adjusted IRR or real IRR on policies was much higher in the gold standard times. I am a proponent of a silver standard over gold like William Jennings Bryant during the populist free silver movement. Silver is cheaper, more plentiful, and domestically sourced, however either biblical gold or silver currency is vastly superior to fiat currency.

@@jamesiscool3245 silver is unfortunately more prone to supply/demand shocks than gold. Stock/flow ratio of gold is tough to beat and adds incredible stability. But yes, agreed both are superior to fiat.

Sounds like you're ready to turn this financial ship into a golden galleon! Thank you for watching!

Thank you for watching. First we need to define spiritual. In the context of this short video, spiritual is that which cannot be measured. Money is both physical and spiritual. Money is spiritual in that it represents the application of our time, talents, and treasure, to production of value for others. God did not design us with specific skills abilities, and talents to sit around and not use them. Money is the receipt, the measuring stick if you will, that says you have used your skills, abilities, and talents in production and service to others. kzbin.info/www/bejne/oZWnfnWdjK2qock

Thank you for watching. First we need to define spiritual. In the context of this short video, spiritual is that which cannot be measured. Money is both physical and spiritual. Money is spiritual in that it represents the application of our time, talents, and treasure, to production of value for others. God did not design us with specific skills abilities, and talents to sit around and not use them. Money is the receipt, the measuring stick if you will, that says you have used your skills, abilities, and talents in production and service to others. kzbin.info/www/bejne/oZWnfnWdjK2qock

Awesome, thank you!

I'm so glad you enjoyed the interview! He really has some amazing insights to share.

@ I’ve bought two of his books and I’m currently reading 10 commandments…

Thank you for watching!

Thank you for watching

Legally, a Mutual Holding company cannot be used for the profits of a stock company; the reason stock companies merge with Mutual companies to form a Mutual Holding company is because they are allowed to use their assets to obtain higher ratings. Mutual companies like becoming Mutual holding companies because the stock company often pours resources into them, or they share resources such as computer systems, personnel, and office space. Nelson never commented that I know of, but Carlos Lara wrote this: infinitebanking.org/banknotes/special-features-of-the-mutual-insurance-holding-company-mihc/ This is the best excerpt from the article: Regulation of the MIHC “It is critical to understand that ownership rights and interests are determined by state laws, the mutual insurer’s charter, its by laws, and the individual contract.”-Mutual Insurance Holding Company Reorganizations, Page 19 To keep this article from becoming too lengthy and getting too technical the following five paragraphs represents what I think are the most important aspects of the MIHC structure and how states regulate them currently. 1) A MIHC structure does not directly issue insurance contracts, but the converted stock company does; nevertheless the MIHC is state regulated as though the entire infrastructure were an insurer. This applies even in cases of rehabilitation and liquidation. “In addition, the statutes contain ‘reach-up’ provisions intended to make the assets of the MIHC available to fulfill contractual obligations to policyholders and other creditors in the case of insolvency in the converted stock insurance company.” Other devices include “a requirement that the MIHC grant a security interest in all its assets to the converted stock insurance company and statutory provisions which would require that assets of the MIHC be held in trust by the MIHC for the benefit of policy-holders.” MIHC Reorganizations, page 45 2) A mutual insurance holding company (MIHC) structure is owned by its policyholder members. Furthermore, participation by non-members is prohibited at the MIHC level. The MIHC is also subject to the state’s insurance holding company act, which has oversight over mergers, authority for examinations and annual financial reporting requirements. 3) MIHC laws provide mutual insurance companies with greater access to equity capital markets. In order to protect policyholders from outside stockholders a MIHC must maintain majority ownership and control by at least “51% of the voting shares of the converted stock insurance company and any intermediate stock holding companies.” MIHC Reorganizations, Page 38. In addition to this the states limit participation by Directors and Officers with regards to stock options and percentage of stock ownership in order to limit opportunities for personal gain. 4) Members of the MIHC have dividend rights. “The MIHC must receive a pro rata share of stockholder dividends from subsidiaries. Insurance regulators require that the insurer include in its Plan of Reorganization the methods to be used to ensure that excess capital of the MIHC inures to the exclusive benefit of MIHC policyholder members. For example, excess capital may be contributed to the stock insurer for premium credits or reductions, policy dividends, or increases to surplus.” In this manner dividend scales are maintained. However, membership interest in the MIHC is not considered securities under state law and SEC rulings. “The SEC’s no-action position does not prevent MIHC members from realizing the benefit of earnings by the MIHC. Instead, the SEC’s position should be interpreted as requiring the insurance regulator’s approval or direction for such distributions.” MIHC Reorganizations, Page 41 5) With regards to protection of policyholder dividends at the onset of a conversion, (particularly with respect to “participating” life insurance policies so that they are not reduced to benefit stockholders), regulators have adopted two methods. One method is called the “Closed Block.” This is an allocation of assets that is set completely apart, together with its premiums for those policies, its investment earnings, its expenses and continuation of its dividend scale that will be sufficient to maintain the payments of guaranteed benefits on that specific closed block of business. The MIHC must carry the closed block decades into the future until all benefits have been fulfilled.The other method is known as the “In Accordance With Past Practices.” This method is more appropriate for smaller insurance companies and regulators establish a set formula from the experience of previous years and then hold the company to that formula going forward. After careful consideration of the extent of the mutual conversion process to a MIHC these five regulations provide reasonable assurance that, provided the specially designed features of an IBC policy are available with a particular MIHC, they are an excellent choice for practicing Nelson Nash’s Infinite Banking Concept (IBC).

It’s more than just buying and holding; it’s about building a legacy that goes beyond material possessions.

Gratitude is key!

Thanks and welcome aboard!

Thank you for watching! Cash value is a portion of your death benefit (think of it like the equity in your house), and if you take a policy loan your death benefit and cash value are reduced by that amount, however as you pay back the loan the cash value and death benefit will go back up. In order to determine what policies are a MEC, the IRS uses something called the 7-pay test. Essentially, to keep a policy from becoming a MEC, one must pay premiums for at least 7 years. In addition, the death benefit must be suitable for the premium, as calculated by actuaries. In other words, if you over-fund in less than 7 years, you policy becomes a MEC. For example, single-premium life insurance policies will always be a MEC, because they’re over-funded within the 7-year time frame. This 7-year window can also start over any time there’s a material change. A material change is an event that increases the death benefit of your policy beyond its normal growth. If you have a convertible term insurance rider, for example, and then you convert the term later, the 7-year window starts over. The reduction in death benefit due to an unpaid loan balance can cause a policy to MEC if your reduced death benefit is not large enough to support the premium payment anymore.

Thank you for commenting. It's important to note that capitalism and/or a free market do not promote or endorse our government-sanctioned monopoly on money that our current banking cartel enjoys. Meaning we don't really live under capitalism or a free market. We have elements of capitalism in our economy, but we do not function in a truly capitalistic economy. we have a lot of government intervention contributing to the problems you mention.

Thank you so much for your kind words! We appreciate your support and are thrilled that you found our content useful!