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@MikeAffholder Күн бұрын
Im still trying to wrap my head around this. I was watching a video with nelson nash. I think from what i took away from it is you can self insure car insurance too?
@InfiniteWealthConsultants Күн бұрын
IBC is a paradigm shift. Nelson does mention self insuring for collision only. We just shot a podcast discussing that topic. It will drop 7/16. If you want to chat about IBC you can schedule a 15 min call calendly.com/infinitewealth/discoverycall
@MikeAffholder Күн бұрын
@@InfiniteWealthConsultants yes I've been watching vanntastic about velocity banking. To pay down debt then she mentioned infinite policies. Would an infinite policy mean you invest enough until the dividends will pay the policy premiums? I was just thinking about it and that would be a great option too.
@cybercab 2 күн бұрын
It is difficult to get a man to understand something, when his salary depends on his not understanding it. - Upton Sinclair
@InfiniteWealthConsultants 2 күн бұрын
Agreed!
@TheBristerLawFirm 2 күн бұрын
Great show, and thank you guys for having me!
@InfiniteWealthConsultants 2 күн бұрын
Our pleasure. Thanks for coming on
@aheadofthecurvetoastmaster7044 5 күн бұрын
Learn a ton from Anthony....Brister :)
@InfiniteWealthConsultants 4 күн бұрын
Love it
@cbrista09 3 күн бұрын
What’s the lowest premium y’all would recommend starting with?
@InfiniteWealthConsultants 2 күн бұрын
@@cbrista09 as a rule of thumb we recommend 10 x your age per month. aka if you are 35 that would be $350 a month
@mathew3267 6 күн бұрын
Dave Ramsey!
@InfiniteWealthConsultants 5 күн бұрын
Agree. He needs to watch this
@TheLoverBoyLane 7 күн бұрын
Hey guys love the content - i have a ask though can you please explain or illustrate how to set up the highest return life policy sample?!
@InfiniteWealthConsultants 5 күн бұрын
Love to. That is part of our education process we do with clients. If you want to learn more, you can schedule a call with Cameron or me here calendly.com/infinitewealth/discoverycall
@astroman30 10 күн бұрын
In a $500G DB example, the premium is $430 a month from age 40. Nick lives to age of 90. So with whole life insurance, Nick pays $430 a month for 600 months (50 years) total $258G. Dividend is $130 a year best case for 50 years on the premium paid, or $6500, for a cash value of $264,500. The alternative is to buy term life insurance with extended duration and invest the rest .. a $500G death benefit policy for a 30 year term would be about $60 a month leaving $370 available to save .. $370 monthly in the market at 7% (stock market lifetime average) in a tax deferred account gives me $432G after 30 years. I won’t need a $500G policy if I’ve got $432G cash in my account, so I cancel it, And for the next 20 years my account keeps growing at the full $430 a month. when I’m 90 the account is worth $1.9 million. Conclusion is clear .:. Do I want $264.5G (whole) or do I want $1.9 M (term and invest) for the same premium output .. I choose term and invest!
@richardsalazar5386 11 күн бұрын
I am guilty of doing that. Giving without caution is coming back to haunt me now.😢
@InfiniteWealthConsultants 11 күн бұрын
You an me both. Better to learn later then never.
@pwoirhaye538 11 күн бұрын
I agree. This is no way to teach anyone to get handouts. 😮
@InfiniteWealthConsultants 11 күн бұрын
There is a difference between a handout and a hand up
@Buy_YT_Views.53 12 күн бұрын
You definitely deserve higher views
@user-vj2wz8po6b 12 күн бұрын
and the fact is the government has no control of what is happening to people and they don’t have control of what happens in their life or what is going to be happening to people who have a lot more power over their life and they have a power of their life to control it so it’s a big problem to be in the minority because they are the minority that is not a majority in this government but the people of this state are not in the minority they have to have a lot to be able and have the right people in their life to have the power of the people that are the people they have to live in a community that is the majority are in a minority that they have a good thing for them they have the powerful ability and they are able and able and can be able and they can have the right things to be able and able for themselves they have a lot to be successful they are the ones who have a lot to be good for themselves they have the right to have the best life and the right to live their life and the people who have a lot
@saracaddel512 12 күн бұрын
This is a great analogy, talking about Infinite Banking to people who do not understand it can be challenging. Thanks for sharing
@rayhopwood111 13 күн бұрын
This guy should not be teaching anything to anybody
@InfiniteWealthConsultants 12 күн бұрын
You are hilarious. Thanks !
@rayhopwood111 12 күн бұрын
Good news: I am the only one who commented and you only have 3 likes. Thankfully it looks like you haven’t taught anybody anything. Close call.
@InfiniteWealthConsultants 12 күн бұрын
@@rayhopwood111 This video is about the Infinite Banking Concept. We are reviewing the book Becoming Your Own Banker which talks about the plane example. • Are you saying a plane that is full of fuel is just as efficent as a plan with ¼ a tank or • Are you saying business expect to get all of their investment back in less than & years or • Are you saying a new policy is just as efficent as an older policy? Where are we wrong?
@saracaddel512 12 күн бұрын
lol this guy should not be commenting anything on anything 😂
@rayhopwood111 12 күн бұрын
“Where are we wrong?” Answer: thinking that anybody cares what you have to say.
@weshoward3753 13 күн бұрын
Great episode fellas, absolutely love the job you guys are doing with these reviews of the book. It reminds me of the Gospel message, we can never hear it enough even if “we know it”! God Bless you both for spreading the message!
@MetaFootballTV 19 күн бұрын
I have NO idea what he's talking about...
@aheadofthecurvetoastmaster7044 19 күн бұрын
Well done. Need to read the book again
@Rew123 26 күн бұрын
What % of the CV can you typically borrow?
@InfiniteWealthConsultants 26 күн бұрын
Typically 95%
@stevecarter8810 Ай бұрын
Gen x are a problem because ... There weren't enough of us to run the boomers' world, resulting in....LATINOS! Oh, the humanity
@craigallmendinger8404 Ай бұрын
Gen X destroyed the housing market. Says the guy who bought his house for 20 grand that’s now costs 1.5 million and expects the next generation to pay for it. What a clown.
@Rew123 Ай бұрын
2 questions: 1. In order to borrow $20k for a down payment on a rental property (for example), how much money would you estimate has been poured into the whole life insurance policy? 2. Why would I do IBC instead of utilizing my brokerage account line of credit?
@firecraig 19 күн бұрын
1, depends on how the policy was designed 2, you can’t borrow against 96% if your brokerage account. Not to mention it can go down.
@framergod69 Ай бұрын
lol not the government and banks with subprime Bs at all lol ok. not to mention the huge over payment to realtors
@spencerbonneville1087 Ай бұрын
The group that destroyed the whole world talking about how gen x killed the housing market is hilarious
@cristinafultz4572 Ай бұрын
What a phuckin 🤡 The Baby boo hoo mer would be responsible for this not Gen x
@misakichan4044 Ай бұрын
Generation X had nothing to do with the corrupt banking industry.
@jasonhager1454 Ай бұрын
I don't think this guy is actually blaming GenX'rs. He's just saying that there's less of them to buy houses.
@lynnjr457 Ай бұрын
I love how in this clip of what I'm sure is a larger conversation, he's attempting to blame Gen X when our parents made the decision not to have many children.
@InfiniteWealthConsultants Ай бұрын
You are right, this is a clip from an hr conversation. Simply pointing out that a smaller generation will require less goods. Then will a larger generation comes they require more goods. That is ONE reason home prices are going up. A larger generation is at the age to buy homes. The point of the video is that real estate may be a good investment. No trying to play the blame game. The reason why is spilt milk. The facts are the facts. We should use facts to make financial decisions.
@lynnjr457 Ай бұрын
@@InfiniteWealthConsultants I had a feeling there was more to it and we weren't seeing the whole picture of what was being discussed. The danger of KZbin shorts. :) With that said, a lot of folks really disregard the effect that those bad debt loans and stated income loans pushed by Greenspan had on the housing industry. A lot of people who were financially illiterate received large sums of money and overpaid for houses that appraisers didn't do their jobs in evaluating. They drove up the comps in neighborhoods so people started selling at the new inflated prices while the selling was good. Next thing you know, $100K houses were $150K to $175K in months, not years. Being a Floridian with family in Real Estate I watched it happen in front of my eyes. When I saw a $65K house going for $235K, I predicted things were going to bust. It burst months later. It was obvious that the market could not sustain itself (believe me, I am not a real estate genius). I have family members who made millions in those 3-4 years, it was crazy to watch.
@smylyface Ай бұрын
Is this guy seriously saying it's our fault that his generation didn't have enough kids?
@InfiniteWealthConsultants Ай бұрын
Not blaming just pointing out that a smaller generation will require less goods. Then will a larger generation comes they require more goods. That is ONE reason home prices are going up. A larger generation is at the age to buy homes. The point of the video is that real estate may be a good investment.
@asktheetruscans9857 Ай бұрын
Our generation was 12% smaller because of boomers having abortions. Fact! So blame your own generation.
@InfiniteWealthConsultants Ай бұрын
We do not have enough houses. The point of this video is that there is an opportunity to invest in housing. Everyone blaming others is going to miss out.
@montemoore9040 Ай бұрын
Just like we went into Iraq for a day and a half huh this guy sounds like a warmonger don't listen to him
@InfiniteWealthConsultants Ай бұрын
What did he say that would be "warmonger"? This guy has data about demographics. We need to listen to data from non-partison people
@nicholaskaralus1904 Ай бұрын
And this was a topic 15 years ago.
@nicholaskaralus1904 Ай бұрын
Your gen caused it
@InfiniteWealthConsultants Ай бұрын
Who cares who is to blame. Pointing fingers does not create wealth. We have to play the hand we are dealt. There is a TON of opportunity out there.
@rctmathew4552 Ай бұрын
@@InfiniteWealthConsultants the fact is it is their fault the housing market and everything is so fucked. If you're gonna get mad at people just pointing out the facts then you're part of the problem. Not only that it seems to not matter how much work or time we put into trying to get a house, because it's just way too expensive to get one. Back with the boomers houses were 140k, now you're lucky to find one under 500k. Not only that but people's wages haven't gone up to make up for inflation making it near impossible for us to get a house. Stop saying we're lazy when y'all boomers are the reason we can't do anything in the first place.
@user-dn6el Ай бұрын
Boomers look at things with a fundamentally different leanse than zoomers. Despite the size gap (that should be obvious, and is glaringly obvious if you look at the simplest visualization of generational sizes), the gap, by the way is literally where the "boom" in boomers comes from. All of that aside, let's instead focus on metrics like income earned per employee for the so called zoomer IT based companies. The gap between more traditionally run boomers companies that don't sufficiently leverage globalization or the ubiquitous nature of the modern internet, and zoomer companies that know how the world actually works in 2024, we're talking about a difference in income generated per employee being orders of magnitude different. Not even in the same universe. So I do agree with you, that zoomers will never operate as slow and inefficiency as boomers, effectively NEVER PERFORMING AT THAT PATHETIC LEVEL.
@jonb8430 Ай бұрын
Boomers like this dude still blaming everyone while getting rich.
@aheadofthecurvetoastmaster7044 Ай бұрын
Where is his data wrong? The generation was 12% smaller, aka less consumers. Thus less homes built.
@bryangriffin3139 Ай бұрын
I got screwed when I bought my house. It was so over inflated. I’m generation X how did I screw it up the banking industry screwed it up. If you want to put blame, put blame on the people who went around passing out these loans that people couldn’t afford the banking industry With their irresponsible loan practices
@aheadofthecurvetoastmaster7044 Ай бұрын
He is placing blame because the generation as 12 % smaller less homes were built. The following generation is larger now more homes were built.
@bryangriffin3139 Ай бұрын
Generation X did not ruin the housing market the banks ruined the housing market by giving people loans that couldn’t afford a house in the first place when you’re giving a personal loan and you get to pick your payment what do you think they’re gonna do they’re gonna pick the Lowe’s payment in three years from then they lose the house cause they were not smart has nothing to do with generation X has to do with the banking industryI lived. I’m here still.
@bryangriffin3139 Ай бұрын
Yeah, that’s me. Generation X the ones that are still here the ones that are still kicking butt and taking names no matter how hard it gets still here.
@aheadofthecurvetoastmaster7044 Ай бұрын
Amen
@bryangriffin3139 Ай бұрын
I bought in 2004. We thought everything was gonna keep going up but I just a 30 year fixed and all the people in my cul-de-sac took balloon payments and you know what I’m the only one left. You make bad decisions bad things happen if you live to your means you’ll be fine and after 2004 and 2008 crashed lost half its value but it’s come back in a big way
@teoleno4019 Ай бұрын
Women don't want kids anymore. There is no other reason. Women control who comes into this world.
@theIBCguy Ай бұрын
Very well done
@ouiharris Ай бұрын
almost literally word for word transcript from the previous show
@aheadofthecurvetoastmaster7044 Ай бұрын
Cameron had better takes. First time for everything
@theIBCguy Ай бұрын
the quiz was great!
@ScampDiesel Ай бұрын
28:20 Ohhh did i witness a glitch in your programing? Why the pause and stutter? Lets go deeper. Black men (18-80) who are decendents of slaves in America (ADOS) make up 50% of currently incarcerated 3 million inmates. Yet repesent 3.5% of the total population. Sounds Targeted to me. Salute to Ken for dropping knowledge on those who have lived with their parents longest. Chuckle...
@Elpuma88 Ай бұрын
I learned a lot tonight. Thank you!!
@aheadofthecurvetoastmaster7044 Ай бұрын
Very interesting
@AnthonyJFasoCPA Ай бұрын
Well done
@Insomiotic Ай бұрын
Then what value does Henry Ford bring to said company if it is the high-skilled employees actually doing the work? It sounds like you are taking the credit away from those who actually deserve it: the workers!
@jonlev8748 Ай бұрын
Incredibly well said, thanks for sharing!
@InfiniteWealthConsultants 2 ай бұрын
How did you do on the quiz at the end?