The Last Video You'll Ever Need On Infinite Banking | with

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BetterWealth

BetterWealth

Күн бұрын

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@BetterWealth
@BetterWealth Жыл бұрын
Ready to set up your own And Asset Policy? Schedule a free clarity call - www.betterwealth.com/clickhere-life-insurance
@90DayGoals1
@90DayGoals1 4 ай бұрын
How Is Infinite Banking better than Velocity Banking?
@BetterWealth
@BetterWealth Жыл бұрын
Who thinks @MR_brrrr and myself should do a part 2 on the whiteboard to discuss IBC in more detail?
@DerivCapital
@DerivCapital Жыл бұрын
def need to use the Whiteboard !!
@kbunky69
@kbunky69 Жыл бұрын
Yes please do a part 2
@CMMWest
@CMMWest Жыл бұрын
Whiteboard for the win!
@dailstancill720
@dailstancill720 Жыл бұрын
For sure!
@bradboyd395
@bradboyd395 Жыл бұрын
no. stop. we all get it. everyone should have done it by now. talk about something that will actually compound.
@BulagariaF1rst
@BulagariaF1rst 10 ай бұрын
The guy is or was a business partner with Chris Naugle. Caleb, if you spend the time to watch one of the most popular videos on Chris's channel with the title: Using The Infinite Banking Concept To Pay Off Debt, Buy Cars, & Plan For Retirement, you will find out more about this people.
@AndAsset
@AndAsset Жыл бұрын
This interview is amazing! Packed with info 👏🏼
@ChristinaBastilla-yx3hj
@ChristinaBastilla-yx3hj Жыл бұрын
I’m glad that I clicked this second video. I enjoyed this second video. For the first time, I watched one of your videos yesterday that included Denzel Napoleon Rodriguez and I considered never watching any of your videos again. I had been watching Christy Vann (Velocity Banking - VANNtastic on KZbin) and Chris Naugle (Infinite Banking on KZbin) and I love the Velocity Bsnking and Infinite Banking concepts. After watching you and Denzel, it had me questioning my own understanding of both money concepts.
@CMMWest
@CMMWest Жыл бұрын
So good Caleb! Thanks for advocating!
@365daysofpool
@365daysofpool 7 ай бұрын
If the insurance company is mutually owned, then the more people circulating money through it will increase the value of the company. The point below the curve, to use calculus to explain, is the initial start up capital to fund the policy. And the area under the curve is the amount of time needed to survive to cover the costs of net death benefit payouts, everything above is profit for the insurance company, which is mutually owned, and everyone gets a dividend of those profits.
@telwingeorge
@telwingeorge Жыл бұрын
If you private lend your money at 15% your cost basis isn't the 5% interest you are paying. You are risking the entire 100% if the borrower defaults and you are left with 5% compounding against you.
@cess308
@cess308 Жыл бұрын
If the borrower defaults, you have control of the assets. The lending he’s doing is hard money loans on real estate. If the buyer doesn’t pay, you have an asset that should be worth well over what you loaned out.
@telwingeorge
@telwingeorge Жыл бұрын
@cess308 if you lend let's say $50k are you saying you can takeover a $400k house
@cess308
@cess308 Жыл бұрын
Absolutely, that’s where the risk is mitigated on both ends. On your end your loan is secured with a hard asset with inherent value. On the borrower’s side, he’ll never default because he would be forfeiting a $400k house for only $50k in debt. If the borrower ever fell behind, he would just refinance and pay you off. There are no guarantees in this world, but this is a pretty solid bet. I’ve been on both sides of deals like this already, it works.
@LifeisGood4Real
@LifeisGood4Real 9 ай бұрын
Fair point. You mange the risk the best you can. Life is risky!
@ianvogelmedia
@ianvogelmedia Жыл бұрын
This is one of the best videos that I've seen describing IBC. Great job! 👏👏👏
@BetterWealth
@BetterWealth Жыл бұрын
That means a lot! Thank you for saying that!
@PerryLaMartin
@PerryLaMartin 7 ай бұрын
​@@BetterWealth How can I get a policy set up just like this? Can I work with either you, someone from your team, and/or someone that you trust to help set this up for me please?
@BetterWealth
@BetterWealth 7 ай бұрын
@@PerryLaMartin We'd love to help you! You can schedule a clarity call with my team here: www.betterwealth.com/clickhere-life-insurance
@jermaine000
@jermaine000 Жыл бұрын
Legendary video!!!!
@reneewemmerloredo1405
@reneewemmerloredo1405 9 ай бұрын
How would you recommend I educate myself on how to structure the policy?is there a course to take or anything other then piecing together KZbin information
@CarlosDiaz-jy4vw
@CarlosDiaz-jy4vw 9 ай бұрын
Why pay money for a course when you can do your due diligence by researching the topic outside of KZbin and having conversations with professionals on the topic
@stephaniethomas8214
@stephaniethomas8214 10 ай бұрын
God first-FACTS
@DemetriusWalker
@DemetriusWalker Жыл бұрын
Fun episode to watch! Great conversation, gentlemen!
@BetterWealth
@BetterWealth Жыл бұрын
Thank you!
@DemetriusWalker
@DemetriusWalker Жыл бұрын
@@BetterWealth of course!
@kissingerrai4844
@kissingerrai4844 Ай бұрын
Great video.
@flowbusinessfunding546
@flowbusinessfunding546 Жыл бұрын
Awesome video. I passed my exam and waiting to hear from insurance board to get my license. This is powerful. Thank you!
@Mr_brrrr
@Mr_brrrr Жыл бұрын
congrats!!!
@flowbusinessfunding546
@flowbusinessfunding546 Жыл бұрын
Thanks Devin. I actually just found out yesterday that I received my license. I am living in Gilbert, Arizona at the moment. I think you live near by. Do you train new agents and how would I join your team?@@Mr_brrrr
@BetterWealth
@BetterWealth Жыл бұрын
Thank you! And congrats! Let us know if we can help you in anyway.
@flowbusinessfunding546
@flowbusinessfunding546 Жыл бұрын
Thank you@@BetterWealth
@yolandadeharo4411
@yolandadeharo4411 Ай бұрын
How can get the ins you used name it or give us your information Thank you
@TheEtrepreneur
@TheEtrepreneur 10 ай бұрын
I either speak the same language as Mr BRRRR or he's a very good presentator. 💪🏆 (and I'm not even a native english speaker)
@dangerdavesideas6177
@dangerdavesideas6177 Жыл бұрын
No one talks about the cost via premiums to hold the policy
@kbunky69
@kbunky69 Жыл бұрын
Maybe in part 2 Mr Burr can show and tell how he structure the ownership of his policies that he gets tax deduction for the loan payments from the policies as he mentioned in part 1
@Leon_Aldrich
@Leon_Aldrich Жыл бұрын
Most people will have a personal whole life policy. I believe they take a loan on policy and "loan" it to a business they create. The business grows the asset while getting tax advantages.
@shaynemorten2253
@shaynemorten2253 4 ай бұрын
Eye openning to say the least! Can this be done in Canada?
@GregoryChevalier-zj9rx
@GregoryChevalier-zj9rx 9 ай бұрын
Part 2 please… Great insight
@BetterWealth
@BetterWealth 9 ай бұрын
Coming soon
@ALEXI778
@ALEXI778 Жыл бұрын
Can you explain how paying for trips, braces etc...is a good idea, Caleb says you want to use the policy to make it work more than once for you, is it just the ease of not having to use your own money? thx
@BetterWealth
@BetterWealth Жыл бұрын
Thanks for the question! I don’t personally believe it is a good thing. I believe you should not use your policy unless you receive a greater ROI than the interest rate you borrowed at. So I don’t recommend people use it for going on vacation, buying depreciating assets, etc… unless those things create a greater ROI. Ultimately though, it depends on whether you believe the activity will help you create your intentional life and for some people they have no issue borrowing against their cash value for trips, accessories, etc… The one positive is if you have the money to pay the full price plus interest, all money is still going back into your policy so it’s not technically “lost” but your opportunity cost might be.
@ALEXI778
@ALEXI778 Жыл бұрын
Thank you for the reply!@@BetterWealth
@BetterWealth
@BetterWealth Жыл бұрын
You're welcome!
@Bobventk
@Bobventk 5 ай бұрын
5:10 fear mongering doesn’t help your point. Nobody actually loses their money in a bank.
@luisg6404
@luisg6404 4 ай бұрын
well except for inflation. if you leave 100 in the bank it will be worth less at the end of the year than at the start
@waynebarberii346
@waynebarberii346 3 ай бұрын
Do some research on bank insolvency in America and in Greece. FDIC is only $250K. You are an unsecured creditor of the bank.
@siulanainad
@siulanainad Жыл бұрын
On an overfunded regular UL I have My beneficiaries get the death benefit + cash value at death.
@Fred2-123
@Fred2-123 11 ай бұрын
@siulanainad No they don't. The beneficiaries get the death benefit *only*. Actually, they get death benefit MINUS any outstanding loan balance.
@IamTowGuy
@IamTowGuy Ай бұрын
🤌 thank you for removing the noise. 20:58
@temporarilyUnknown
@temporarilyUnknown Жыл бұрын
Ok so mutually owned whole life is better for infinite banking than IUL?? From what I heard, the difference is borrowing from the death benefit vs borrowing from the cash value?
@gabriellovesAmerica777
@gabriellovesAmerica777 6 ай бұрын
What's the most amount can you open a whole life with? Can you put, say, 1,000,000 upfront?
@mazleo4430
@mazleo4430 20 күн бұрын
can you recommend an agent?
@BetterWealth
@BetterWealth 20 күн бұрын
We have an incredible team that would be happy to help you! bttr.ly/bw-yt-aa-clarity
@themssalt
@themssalt 5 ай бұрын
Is it possible that your loan with accrued interest can be more than your death benefit such that when you die, your debt is greater than the death penalty?
@ranauldogreer2711
@ranauldogreer2711 Жыл бұрын
Amazing info as always Caleb and the other gentleman as well can you maybe do a video on convertible term life insurance or if it’s already out there could you point me in that direction it would be much appreciated.
@BetterWealth
@BetterWealth Жыл бұрын
Thank you! We will be making more videos on this exact topic in the future but here's the most recent segment we did on convertible term - kzbin.info/www/bejne/h2q4oqhtqL14jpYsi=WHl_uqdPY12T_Aha&t=731 Hope it's helpful!
@ranauldogreer2711
@ranauldogreer2711 Жыл бұрын
@@BetterWealth Thanks I appreciate it.
@telwingeorge
@telwingeorge Жыл бұрын
Could you please explain how is it efficient to pay 5% in interest to get daughter's braces?
@Rshen11
@Rshen11 5 ай бұрын
It's efficient. To pay 5% interest.. if otherwise you'd be paying 7 percent for it
@Rshen11
@Rshen11 3 ай бұрын
@WordSaladChris you're not borrowing from yourself... you're borrowing against it.
@zoeyth4003
@zoeyth4003 Жыл бұрын
Why not just use a brokerage account and use margin.
@russellf5832
@russellf5832 Жыл бұрын
The front loaded fee's seem high and the % for borrowing the money seems to be prime (8%). The death Benefit seems to need to be very high to use it to borrow... as for compound interest I have never really seen it AT ALL in any of my investments.... IRA, 401K, Insurance policy, etc. and I have had accounts for over 20 years. Some how it never seems to work, sorry...
@nolansanburn-industrialcre
@nolansanburn-industrialcre Жыл бұрын
Keep buying term and investing the difference
@russellf5832
@russellf5832 Жыл бұрын
I am trying
@laubachm11
@laubachm11 7 ай бұрын
lol you hate 401k but love whole life lmaoooooo
@Kentuckybrothershooting
@Kentuckybrothershooting 6 ай бұрын
401K was never meant to be a retirement vehicle , it just gave employers a tax break
@davidr9876
@davidr9876 Жыл бұрын
Why would an insurance company lend you money at such a low rate? They are lending at lower than what they'd make if they invested it. It doesn't make sense why they'd do that. Without being able to borrow at a rate that's less than your CV is earning, infinite banking collapses. What am I missing?
@Rshen11
@Rshen11 5 ай бұрын
Its because it's risk free
@matthewharrigan3568
@matthewharrigan3568 Жыл бұрын
I get the idea. I don't get why over funded whole life insurance is better than other assets which can also be collateralized like real estate or stocks.
@Mr_brrrr
@Mr_brrrr Жыл бұрын
Because if guarantees and no structured repayments. Collateralizing those other assets have structured repayments and they aren't guaranteed to grow. They also don't grow tax free. They also aren't protected against lawsuits and judgments. Ohhh and they also don't provide a death benefit like this does.
@matthewharrigan3568
@matthewharrigan3568 Жыл бұрын
@@Mr_brrrr margin loans are unstructured. Life insurance is not guaranteed to grow, which I define as positive REAL return. The biggest threat to your assets is divorce and life insurance does not protect against that.
@linnyh8242
@linnyh8242 Жыл бұрын
Life insurance loans being touted are practical wash loans, heloc and margin loans are not.
@matthewharrigan3568
@matthewharrigan3568 Жыл бұрын
@@linnyh8242 what is a wash loan?
@markf.2050
@markf.2050 Жыл бұрын
Oh, and don't forget that you will lose every penny of that over funded cash value if you die. Its growth is tax-free because the growth of a fund that you don't own is always tax-free. You can only borrow against it. You don't pay tax because you are unlikely to ever pull out more than you put in. If you do, there will be taxable income. Remember, you bought that cash value fund with after-tax dollars, and you will pay back any loans and interest with after-tax dollars as well. Consider your out of pocket total by the time you have paid back a significant loan. You may be out of pocket $100k and only have a $40k car to show for it. Great financial strategy right?
@OklaTorch
@OklaTorch Жыл бұрын
You are absolutely correct saying this is not something to get you Rich but I would for sure call this a Multi Tool Vehicle that can accomplish many $$$ tasks, take you many places, provide no stress security for the fam and help assist generational wealth if structured and used correctly. Im pumped about this. There are so many that have no clue about this and I was on of them until this week. Great Video. I cant wait to learn more about this so I can setup my kiddo and teach her the concept. Thanks so much
@OklaTorch
@OklaTorch Жыл бұрын
omg i just got to the trust part of the video. Can a trust be the beneficiary? If so could the trust buy a policy on the kiddo
@OklaTorch
@OklaTorch Жыл бұрын
I know for certain now I love you two goofers.... just got to the ego and God part. Hope to meet you all and learn a lot
@BetterWealth
@BetterWealth Жыл бұрын
This comment is amazing to read! Really glad you found us! Please let me know if there's anyway we can help you in the process or answer questions you have.
@BetterWealth
@BetterWealth Жыл бұрын
Yes a trust can be the beneficiary! And also yes, you can buy a policy on your kid. Let me know if that makes sense. I'd be happy to give more in-depth answers if needed.
@BetterWealth
@BetterWealth Жыл бұрын
That was a great quote that I won't forget! That would be great! If you're looking for further resources we have free educational material here you can check out - bttr.ly/vault Or if you want to speak to one of our specialists you can schedule a complimentary call here and we'd be happy to help with whatever you need - bttr.ly/aaclarity
@kbunky69
@kbunky69 Жыл бұрын
Love the part that Devin defined EGO edging God Out .. brilliant.
@MotorCityEastSide
@MotorCityEastSide Жыл бұрын
Can I use this strategy if I am 64 years old and still working full time? Could I set up an account for my daughter? Thanks
@BetterWealth
@BetterWealth Жыл бұрын
Like all situations, I can't say outright without knowing more about you and I honestly don't believe this is for everyone. Outside of that, the answer is yes. We have clients older than yourself just starting and who create policies for their children and other family members. Feel free to book a complimentary call with one of our life insurance experts and they'd be happy to look at your situation - bttr.ly/aaclarity
@OGJOEL21
@OGJOEL21 Жыл бұрын
Where i can buy your book 📖 ?
@BetterWealth
@BetterWealth Жыл бұрын
Here! www.andasset.com/book?r_done=1
@johnfromthegrove3206
@johnfromthegrove3206 9 ай бұрын
Do I have to be debt free to start IBC?
@scheby5348
@scheby5348 9 ай бұрын
No, it is actually use to get out of debt.
@aerongn
@aerongn 5 ай бұрын
How the heck do @Mr_brrr borrowed against the Whole Life Insurance to buy Rolex Watch, R8 and turning 5 into 10? Rolex Watch/R8 does not appreciate in value...
@factshurt5362
@factshurt5362 10 ай бұрын
Never lose money? Let me give you real numbers and maybe you can calm me down. 95k in 5 years. Cash value is currently at 63k. Seems like I’ve LOST 32k.
@Rshen11
@Rshen11 5 ай бұрын
What's your death beneift.. how much cahs did it increase..
@newhouserules6489
@newhouserules6489 4 ай бұрын
Your policy was probably constructed wrong. You need to set these policies up with an emphasis on cash value build. Do you have anyone that you can go over your specific policy with? I’m sure better wealth has a team that could help you. If they are too busy or not appointed in your state. I don’t mind having a conversation.
@shawnbender1045
@shawnbender1045 10 ай бұрын
can one borrow more than they put in??
@BetterWealth
@BetterWealth 10 ай бұрын
There's something called a Break Even Point in a whole life insurance policy which simply means your cash value has compounded to a greater amount than the money you put in. So yes, at that point you can borrow against a greater amount of money than what you put in. The break-even point can vary depending on how your policy is set up but this is one of the areas we specialize in to reach a way earlier Break Even Point than typical whole life policy designs. Hope this helps!
@leonpatenaude89
@leonpatenaude89 7 ай бұрын
How does a person reach the break even point faster?
@mikegaribaldi
@mikegaribaldi Жыл бұрын
Guys selling insurance love IB
@BetterWealth
@BetterWealth 11 ай бұрын
I try to do my best to be objective. I appreciate your insights on this.
@ChristinaBastilla-yx3hj
@ChristinaBastilla-yx3hj Жыл бұрын
Thank you for sharing this concept with us / others. I’m 49 years old (born in 1974) and had never heard of the Infinite Banking concept until 2023.
@AndrewOborny
@AndrewOborny Жыл бұрын
Idk how you can even compare term and whole life at all. Term is so stupid cheap. For a 30yr term at 1.5mil. I pay $26k over the course of the 30yr term.
@XRPeakyBlindAR
@XRPeakyBlindAR Жыл бұрын
When you have your next conversation. Going deeper into “valuing control over …” concept. Because a lot of these well knowns to you both are Greek to listeners.
@BetterWealth
@BetterWealth Жыл бұрын
We’ll keep that in mind!
@Samuel-j4m7i
@Samuel-j4m7i 11 ай бұрын
video educated me very well, I think this will be very beneficial knowledge. Dave ramsey misinforms on accident
@BetterWealth
@BetterWealth 11 ай бұрын
Glad it was helpful!
@MichaelCarpio-vd1dh
@MichaelCarpio-vd1dh 9 ай бұрын
why would you leverage money to get your daughter's braces or a fancy watch? It contradicts what you said about getting a higher rate of return on a potential investment if you do the infinite banking concept? Is whole life insurance still a "viable investment" for someone who isn't entrepreneurial? In your other videos, whole life insurance policies cannot beat the stock market return.
@macleandanso4890
@macleandanso4890 Жыл бұрын
How do you compare amortized loan (car loan from the bank )vs simple interest loan (car loan from the insurance company)? You loose control if you take a loan from the bank because it will show on your credit score, and that limit your borrowing capacity, and it is a structured loan. Where is the control you are talking if you borrow from the bank vs the insurance company? when you borrow from the insurance company, it does not show on your credit score, it is a simple interest so anytime you make a loan payment, most of it go into the principal vs amortized loan which is front loaded with interest payments. Again, bank loans are callable - they can call for their money when you least expected. Don't do business with the banks if you can.
@Fred2-123
@Fred2-123 11 ай бұрын
@macleandanso4890 You do not understand how interest works. Car loans *are* simple interest, just like insurance loan. Current principal balance times APR/12. Not all bank loans are callable.
@Rshen11
@Rshen11 5 ай бұрын
You lose all your cash you put in when you buy and sell anything.. you buy something for $1 and sell it for 5.. you lost the one dollar and make 4... 200k on a million dollar house.. you sell it for million.. you lost your 200k.. and make 800k..
@jasonkeigley6424
@jasonkeigley6424 Жыл бұрын
I CALLED BETTERWEALTH A COUPLE MONTHS AGO AND THEY SAID CALEB IS NOT TAKING ANY CLIENTS.
@BetterWealth
@BetterWealth Жыл бұрын
Hi Jason, Thanks so much for calling. We have an amazing team and we work as a team. We are very much open to serving people and our clients and actually our clients get a better service experience because of our team approach 🙏.
@rajbeekie7124
@rajbeekie7124 11 ай бұрын
Infinite Banking is a great way to be separate from your money. The agent and the ins company love this stuff.
@davebrown7009
@davebrown7009 Жыл бұрын
What if the insurance company goes bankrupt?
@BetterWealth
@BetterWealth Жыл бұрын
Great question! Short answer is there is state insurance program that acts kinda like the FDIC. What would most likely happen before that is about her insurance company would buy it. With all that said these mutual whole life Insurance companies are super solid when it comes to cash reserves, they have dollar for dollar reserves far greater then their financial liability and ratings and would be one of the very last institutions to fall. Compared to any bank these insurance companies are crazy solid. Will make a video about this soon!
@soto7774
@soto7774 Жыл бұрын
I’m gonna have to watch this a few times…..I have 1.5m life insurance and IUL but don’t know how to use it 😅 😂
@BetterWealth
@BetterWealth Жыл бұрын
Feel free to give us a call if you’d like help figuring that out! bttr.ly/aaclarity Or email me at caleb@betterwealth.com.
@sPGgwUxYrSd7Cf5H
@sPGgwUxYrSd7Cf5H Жыл бұрын
$125k/year? Yikes! How does an average person afford a policy like that…? Home body is a little too flashy for my taste.
@kylewasyliw
@kylewasyliw 11 ай бұрын
The random CC is anoying as hell bro
@BetterWealth
@BetterWealth 11 ай бұрын
Appreciate your feedback on this 👍
@hellblast100
@hellblast100 Жыл бұрын
Can we get a list of the best mutually owned insurance companies to start a Whole Life policy with?
@BetterWealth
@BetterWealth Жыл бұрын
This is a good list of companies we use for our clients with whole life insurance and infinite banking! It’s made by my colleague Dom - kzbin.info/www/bejne/eGXcnHqKr9eYgNU
@medinascmartialarts
@medinascmartialarts Ай бұрын
Okay, so I had a lot of respect for the information that they're giving up until the whole ego bull crap Let's just talk about the financial aspects
@gabriellovesAmerica777
@gabriellovesAmerica777 6 ай бұрын
Eliminating God out .
@joelparish3851
@joelparish3851 11 ай бұрын
It’s great for the insurance company and the salesperson. Not great for you. They keep trying different ways to polish a turd. It’s still a turd.
@BetterWealth
@BetterWealth 11 ай бұрын
Would you be interested in coming on my show and having a discussion on why you think that?
@tylerrainey3305
@tylerrainey3305 6 ай бұрын
Actually not good for either, which is why insurers really don't lke it and brokers and agents don't sell it.
@Bobventk
@Bobventk 5 ай бұрын
It’s actually not THAT great for the salesperson. You cook the death benefit so much is kills the commission too. I don’t do IBC but this idea that they pay massive commissions is largely wrong
@bradboyd395
@bradboyd395 Жыл бұрын
IBC is absurdly overhyped. Does it help? Sure... but very much at the margin. It helps combine a few nice features... tax-free money market fund + loans + life insurance. Terrific. but thats about it. Stop making videos about this subject. A reasonable person should get the IBC concept in 5 mins, set it up a plan, use it and move on. Spend time on sensible ways to save money and thoughtful investment opportunities. That is what will create and compound wealth. IBC has created this bizarre cottage industry of click bait videos. Best thing about this is the title, "Last video you'll need on IBC". Let's all hope.
@bchristopher2270
@bchristopher2270 11 ай бұрын
Whole life is such a scam.
@BetterWealth
@BetterWealth 11 ай бұрын
Would you be interested in coming on my show and having a discussion on why you think that?
@charlesanderson7830
@charlesanderson7830 2 ай бұрын
@@BetterWealth Caleb, I don't think it's a scam, however, I am skeptical of it even as someone who has two properly structured policies. I would love to go on your show and discuss
@user-pc5dk7nn4y
@user-pc5dk7nn4y Жыл бұрын
Caleb uses way too many words when he's describing it. I've listened to him for a long time, but man, I can listen to Devin all day long, but Caleb after awhile, I have to shut off because he just has a caviat for every single part of of what he happens to be talking about.
@BetterWealth
@BetterWealth Жыл бұрын
Thanks for the feedback!
@stangeorge3534
@stangeorge3534 6 ай бұрын
This sounds like a bunch of nonsense
@BetterWealth
@BetterWealth 6 ай бұрын
Appreciate you taking time to watch and comment. What we are talking about is not for everyone
@afssurf
@afssurf 4 ай бұрын
😂😂😂😂😂edging God out😅😅😅😅😅😅😅😅😅 I was all in until you talking religiously,, -dude, god and finances don’t go together, I’m Christian, so God isn’t my complaint at all ,,,, Both of you , please 🙏 contact me so we can discuss further …….i want help asap ❤❤❤
@oridona2746
@oridona2746 Жыл бұрын
You guys need crypto, not life insurance lmaooo
@BetterWealth
@BetterWealth Жыл бұрын
How about both?
@Mr_brrrr
@Mr_brrrr Жыл бұрын
I have crypto... But guess how I bought it. I used a life insurance policy!!! You see EVERY dollar you put into the policy is GUARANTEED to grow TAX FREE!! Then I can borrow against it and invest into whatever I want! So, if invest in crypto and make money... I'm making money in TWO places are the exact same time instead of just making money in crypto... Does that make sense?
@markf.2050
@markf.2050 Жыл бұрын
​@@Mr_brrrr No, that doesn't make sense! A cash value is just a horrible way to create a source of capital. (How long does it take just to break even?) You can practice "infinite banking" with any source of capital that you own, even your savings account. Remember, YOU have to fund that source of capital BEFORE you can start to take loans. You don't own that cash value. That's why you pay back loans with interest and lose 100% of it when you die. Oh, I haven't forgotten about the death benefit. What if you're already wealthy and don't need one? IBC makes you pay for it anyway. If you do need one, you'd be much better off simply getting a multi year term policy. That's what you buy for auto policies right? Would you pay a 6 month auto premium of $7000 if they offered whole auto insurance with a cash value? No? Then why is it a good idea for whole life?
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