Chris, I've known you for a year and a half, spent a couple weeks with you personally in the DR and I can say you are one of the few leaders who is what is needed in this world. Someone willing to confront, someone bold enough to speak up when it's not easy, someone to hold others to a higher standard of excellence. Are you passionate? Yes! Are you fired up? Heck yes you are! So many people mistakingly assume that passion and the ability to confront are characteristics of a jerk. That's because in today's society we're encouraged to be weak, to be push overs, and take what authority sells us to do. We need leaders like you Chris and I'm thankful to be on your team and know you personally. I love that you're inviting David McKnight to a discussion. The one with Tom Wall on Caleb's channel was amazing. I love David's work and his way of communicating and educating. I think you both can be better because of each other and step above a KZbin feud and as you said, serve the industry with a higher level of awareness about the IUL vs WL debate. @David McKnight, if you're reading this, please make plans to take Chris up on this offer. He's got his heart in the right place, and I think something great can come of this that can mutually benefit both of you and your respective audiences.

Cheers for posting! Hoping for some guidance: My Trust Wallet contains some Tether, and I know the recovery phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way should I handle moving them to OKX Exchange?

Hey is there a way a can contact you?

24:25 So what do you invest in if not stocks?

Cost of capital in 401k loans are incredibly low and you can sort of do infinite banking concept with it. An employee match you can also gain like 4.5% of your earnings into the 401k as a bonus on your 6% of contributions for 10.5% of your earnings total… and then you can get 401k loan up to half of that at really only 2% cost of capital (opportunity cost of the cash fund). It might tie up some more cashflow paying back the loan but as you pay it back that money you pay interest goes to yourself. Inside the 401k you can put your money in a life insurance cash equivalent fund that will make 2% and when you borrow the interest you pay goes to yourself so the only real cost is the opportunity cost. The “interest” you are charged actually goes into the 401k and I’m not positive on this but I believe in this way you can indirectly contribute more than the maximum this way if you want it for more than the match. No matter how you allocate capital, with the possibility to borrow and improve your risk adjusted return by allocating some to cash and borrowing from the cash fund and then take the capital you borrow potentially to start another IBC policy and then from the policy borrow to buy real estate, you have to consider it. The 401k can probably be done more intelligently if it is self directed. The 401k loan you usually can only have one or two loans at a time and usually that maxes out at 50k or 50% of the account or fund you borrow from (whichever is lower), and so you can’t use it like a revolving line of credit, and access capital as you need to, but you can borrow from it to then put it into a more flexible vehicle after you take out the loan from the second vehicle you put capital in such as a margin account or property with a heloc or 2nd mortgage to access capital while you collect rental income. You also get to invest the money that would otherwise go towards taxes into the fund and compound it. Even if you eventually do have to pay taxes that is where the loan comes into play. If you can just keep borrowing out the equity you don’t necessarily have to sell and pay capital gains tax, especially if you are using it as a vehicle to fuel a taxible brokerage account more efficiently and from that account you can use dividends which can be more tax efficient, or covered call funds that don’t charge taxes until they have returned the capital to you, or just growth relying on margin, or a combination of all to efficiently repay the margin with dividends while the growth drives equity higher enabling you to take on more margin to buy covered call funds that will be paid off through distributions as well as the dividends. Margin accounts aren’t as liquid as infinite banking whole life policies but you can use them to manage expenses knowing the dividends will repay. So if you are maxing out 401k first and then funding Infinite banking and using loans from both to fund a brokerage with the aim to grow it to a point where you can cover your expenses and then you can think about directing the loans to get property, use house hacking so the cost is minimal, and use a heloc and your other debt vehicles to repay the mortgage using velocity banking and then you can tap into a larger 2nd mortgage or heloc to acquire rental property or launch a business. I think it’s fine to arrive at this journey in a different order, but I think a lot of people are sleeping on 401k and margin accounts as an infinite banking/cashflow hacking tool, especially now that there is the “roth 401k” option where it is tax free on the back end instead of using pre-taxible income on the front end. There are also geoarbitrage and remote work cashflow hacking income options. If you live in a state like California where tax rate is super high, you can make enormous income and still be broke living in California. But what if instead you could work remotely and live outside of California and have a job in California where state and federal taxes on large income are very high (upper tax bracket) but while you live in Taiwan or Mexico or Thailand or Puerto Rico if you want to stay in the states, and also work remotely for a Florida company where there is zero state taxes, your California job you max out the 401k to invest the dollars that otherwise would be taxed, and if you game it right you might be able to have tax deductions on interest payments. Your Florida company you live off of while paying expenses in Taiwan, and hiring virtual assistants in India to manage it. I knew someone who lived in California and for years couldn’t afford property despite making high 6 figures… he eventually figured out he could leverage credit card points due to the high cost of living, do travel hacking because of the credit card points and vacation to Mexico and everywhere nice on the points because it was so damn expensive to stay in town, and eventually he realized he could Airbnb out his place while he was gone, and this was after he realized he could max out his 401k without hurting his net income much and use 401k loan to afford the place he and a group of people bought together to split the costs until they could eventually sell it and 1031 exchange into the next deal where he would then do the travel hacking stuff… So that sort of helped me to think differently about money. I used to like the Roth way more than the 401k, but now that I understand infinite banking the 401k as a tool to fuel a large drop in into the infinite banking policy seems like a good way to go, you are then infinite banking twice and creating the possibility of using a much larger debt latter to temporarily hold a mortgage on with 401k loan, infinite banking policy loan, HELOC and temporarily on introductory rate credit cards, and then if you have any loan left you can recast it, massively lower the monthly cost, rapidly pay down the HELOC first and then take out another heloc to pay off the rest of the mortgage and recapture the cashflow to pay off the heloc even faster, and then you can take out a heloc for a down payment on the next rental property. How is that not amazing? And if you study different asset allocation and you can double the investment every 6-10 years, or more like every 4 years following bull market signals while protecting your capital every bear market signal using monthly MACD crossover indicators for instance, and if you contribute only up to the match you are putting in 6% of your gross earnings and getting 10.5% due to employer match and the double in 4 years is then 21% of earnings on 6% contribution or two doubles in 5 years during bull market with break even in bear markets. And in 5 years there are more contributions. So you have 1st year of contributions worth 25.58% of income before adjusting for inflation. 2nd contribution, 4 years of 10.5% compounding to 21.32% 3rd, 3 years of 10,5% compounding to 17.9% 4th, 2 years to 15%. 5th year 1 year to 12.55%. Total it took up 6%*5 or 30% of annual earnings, (a little less because it may have come out of pretaxible dollars) but you gained 25.58+21.32+17.9+15+12.55=92.35%. Triple the value of your total contributions in 5 years. That’s in addition to the infinite banking concept that you can still do with a large percentage of your earnings, and not including the ability to borrow against your 401k. You could take 401k loan from cash/life allocation at 2% and put it into tbills at 5%, and then post the tbills as collateral to trade futures or borrow a secured loan. I used to be so dumb for not using this vehicle. I just figured, why lock something up for so many years when laws can change, society can be completely different, so many unknowns. I could have taken the match, taken the early withdrawal penalty and still been money ahead…. Now maybe some sophisticated investors may not have interest in the vehicle beyond the match, but not even Buffett could beat the match, unless you take his pre-partnership days after meeting Graham when he was doing 50% per year.

When you say “running expenses through” do you mean to park your entire paycheck into IB charge credit cards for costs and then 30 days later you borrow from the policy to pay off the credit cards to leverage the 0% cost of money on credit up to 30 days?

Why does Primerica always bash whole life especially when they talk about WL keeping the savings portion of the policy and only giving the face amount when they pass away

You seem quite Bitter. So many videos on WFG. Wealthwave (WFG) educates the clients. "How Money Works Book" No company is perfect including yours I am sure.

Thank you for coming up with this video, sadly I paid for his book and have a upcoming meeting Monday(02/10/25@0800) to look into IUL; so happy you put this out because I really do not have $$$ to just throw away with scammers.

I have never seen Doug call out anyone or make "the truth of.." videos of anyone else. he only talks about the business and what has worked for him. No need for debates or belittling each other of whats better..

Totally respect this!

It’s truly devastating seeing all these comments. Bc we as a nation truly have a huge financial literacy problem. And it’s important to learn what are truly the best investments products that be Mutual Funds, ETFs and Separately Managed accounts vs a cash value policy.

There are no solutions.. only trade offs

Let go chris.. you got this man

My only opinion about this video is that you are about to get sued for difamation like .. 100%

Good job Fox is honest does not lie 🤣

Thanks for exposing this lies

Those guys look identical 😆

Can’t trust nobody anymore. It just feels like agents are just all scammers for commission.

That’s a horrible analogy by saying if the index strategy was so great why doesn’t the insurance company use it for their general fund.

Disappointing KZbin review as the KZbinr made it clear he would give unbiased comments and reviews of the webinar. Instead, he gave his own biased "opinions" of what was covered in the video instead of simply sticking with the facts and what he claimed he would do. For example, in the first of the video, he criticizes their legal disclaimer, which explains the potential of future performance is never seen in the actual reality of the markets. Yet, the illustration by the webinar showed the performance including bad down years in the market. This KZbinr is piggybacking off another person's work, which shows his laziness, unethical bias, and lack of creativity. This reviewer claims he is more knowledgeable than legal counsel - wow. Arrogance and bias are already on display by this KZbinr.

Great video

Thank you for the video it was very helpful. Me and my wife are planning our retirement. We just want the best interest rate for savings without risking your money. What can we do? Can you help us?

Hey Chris! Just wanted to say I genuinely love your content. It’s super helpful and engaging, and you’re really onto something great. I have a small suggestion that could make a huge impact. Your videos already provide tons of value, but with a slight boost in video quality, they could reach an even higher level. Combining that with your amazing content will make growth unstoppable, and I’m confident you’ll see the results. Thumbnails also play a crucial role in grabbing attention. I’ve been designing them for over three years and have worked with many big creators like you. With my expertise, their growth has significantly increased, and I’d love to help you achieve the same. In fact, I’d be happy to create a free sample thumbnail for one of your videos-no strings attached-just to show you what’s possible. Give me a chance, and I promise you won’t regret it. Just reply to this comment, and I’ll connect with you directly to showcase my work. Looking forward to it!

I really enjoyed this video. MLM’s are so bad it’s crazy. IUL’s can be good but most of the agents selling it don’t understand how it works. Personally I work at NYL and yes I’m not going to lie it has been hard but you either recruit or sell. I’m not saying NYL is the best company but they’re definitely top 10 when it comes to financial planning I think.

My IUL grew 9 percent over the last year. This is an old video but this guy obviously was misinformed.

Interesting stuff Chris - I'm not as familiar with the differences between various forms of universal life, so this was pretty educational. I'd like to hear more about why you think IUL can be better than GUL for the "lifelong term" use case. I'd be interested to see IUL, GUL, and whole life (or other solutions?) contrasted for a pure death benefit / legacy play.

Has anyone won the IUL challenge yet?

A true professional doesn't need to tear down their competition. This is the kind of virtue signaling that the country is sick of. Just sell what you sell on the merits of what you sell.

top two or three carriers for desgining whole life plans to use the CV for retirement or opportunities?

people can still take a wash loan to reduce risk during the down yrs and have no arbitrage if risk is what their trying to manage in retirement you cant do the same with whole life interest rate will always be greater than whats credited especially after COI

I've watched all your Dave Ramsey videos and this is the best one. Really glad you made them. If you could turn this video into a short, so under a minute, and make another version of this that's like 7 minutes or less I think you'd reach a ton of people! Just to peak people's interest so they will want to watch the liner ones. Just an idea to help you spread the word 😊

Company 401K match is the worm on the hook.

The explanation I got, defending the position of "tax deferred" being an advantage is, "we should be a lower tax bracket when we take our money".

I've read books on how IUL can lead to infinite banking. You are the first to say other wise.

Love the new headshot! 🎉

Have an IUL you want reviewed? Visit RescueMyIUL.com and submit your policy there.

Set up a call with LIFE180: LIFE180.com/clarity-call

This is soooo accurate! Thank you Matt for rewiring us and teaching how to be good agents!

"Sales is counter-intuitive" - this was a great quote from Brian Burns of the Brutally Honest Sales Podcast that always stuck with me. Chris - love to get your thoughts on it.

This makes no sense!

I am totally new to this content and trying to learn the insurance industry. However, this was the second video I heard and it did not end well. Chris seem to have gotten frustrated because of some of the comments.😢

Another good video Chris!

Welcome back Chris! Missed you on here.

When are you releasing the book evaluating IULs? I look forward to reading and learning from it. I think that format may help a lot of others well too.

Set up a clarity call with LIFE180 to discuss your insurance wants/needs: LIFE180.com/clarity-call

Can I load my money back out of the Iul

But what about the part where I can loan my money back out of my iul at a low interest rate if I don’t like the policy

so the whole time im wondering what would be the best of both options, but instead, i get a bias review about IUL

I’ve sold term, IUL, whole life 17 years. They each have their place. On IUL, there are many components. Yes, COI goes up as you age, floor stays the same, yes cap rates and participation can decrease, however, THEY CAN AND DO INCREASE AS WELL. The company and the illustration rates they use MAKES A BIG DIFFERENCE. I always overfund. I always keep original illustration and compare with in force illustration with my clients. IUL is definitely the best for cash accumulation. I own one myself. Have some of my clients cash value came in lower than original illustration, yes, but not much. If you understand loans, withdrawals, PUC, COI, caps, participation rates, then IUL can be a great product, but the agents knowledge, the company’s illustration itself and the illustration rate are all paramount. I would never recommend WL for cash accumulation. The IUL illustration is Non-Guaranteed and your clients need to know that. I don’t agree with the negative remarks about IUL as a product itself, but I do recommend that you need to educate your clients before a sound decision is made. In my opinion, IUL is the very best for cash accumulation and yes the tax free income is a reality based on TEFRA.