BIG FAILURE: The Future of Infinite Banking & The Life Insurance Industry | What Needs to Change

[@BetterWealth]

Want FREE Whole Life Insurance Education? Go Here: bttr.ly/vault Want a Whole Life Insurance Policy? Go Here: www.betterwealth.com/clickhere-life-insurance

[@jasondurant6581]

@@BetterWealth Thank you for responding. I follow your channel and have witnessed your evolution and the channels growth. You and your team (Dom 👍🏾) put out some great content; I appreciate the quality of the information you provide. I’ve acquired your book 📕 a few years back and I align with most of your foundational principles regarding money. I’d love to see you interview Dave Parisi of IBC Global (follow him as well) as you continue with your IBC journey. Side note: I really enjoyed the podcast IUL v WL with Chris K of 180 Life and Terry Rocks (what’s the name of his company?) looking forward to pt.ll

[@BetterWealth]

@@jasondurant6581 kzbin.info/www/bejne/d3excoFuabylgZIsi=IFqt93Hn47dLskdu

[@BetterWealth]

@@jasondurant6581 I will be having Steve back on soon 😊

[@HuggedbyGrandma]

Freakin awesome to have Chris on BetterWealth Shows that these guys and gals are really trying to teach us something, not about competition but about financial independence

[@BetterWealth]

I really appreciate this comment!

[@triciamiller22]

Just an fyi, I think they are working hard to improve the NNI Practitioner program by creating the NNI Coaching Academy. I attended the first one and it was so very helpful for me as a new practitioner as it went into more practical details both for understanding IBC but also building a business in this space. Enjoyed this conversation!! Thank you!

[@kbunky69]

I am so so happy for you Caleb on your announcement. I just gave all your social info to a young couple that just had their first baby 13 days ago . And told them all I know about high cash value life insurance from mutual life insurance company. And said they need to look into for their financial future and their their baby's. More blessing to come your way . Praise Yahuah

[@BetterWealth]

That’s incredible! Thank you!

[@artventurespro]

Congratulations on being an IBC practitioner. Thanks for bringing amazing content

[@roberthernandez5510]

Iron sharpens iron! Congrats on taking the test and becoming an IBC practitioner!

[@BetterWealth]

Thank you!

[@Michael-vc2cs]

The other thing at 54:00, if you pull the money out of the high yield savings you lose the compounding while the money is being paid back. So you don’t only have a problem with a lack of guarantee, but also the drag of pulling the money out.

[@williamfelts7530]

Not in a real infinite banking concept

[@williamfelts7530]

See r nelson Nash

[@Michael-vc2cs]

@ ? I’m referring to pulling your money out of a high yield savings. When you do that to pay for debt, or investments, or anything else, you lose the compounding of the interest while the money is absent from the account. You could certainly still benefit if you decide to recapture the savings, or profits from whatever you used the money for back into that account. But you can’t beat the compounding of money you used elsewhere at the same time.

[@weshoward3753]

Two of my favorite people in this space. I actually got turned onto IBC from a short video Chris put out a couple of years ago and Caleb I have followed you ever since just shortly after that. You have had some absolute rockstar guest on before (One I’m personal friends with) but this is one of my absolute favorite episodes. I love and appreciate you guys being raw and real and honest! I’m not gonna lie I was wondering the same question he asked you at the end about taking the NNI test and becoming an authorized practitioner and I actually loved and appreciated your honest answer. That being said the “bonus update” at the end had me so fired up because I know you will come into that group and provide such an awesome and heartfelt contribution to unite and make it even better all while honoring Nelson and those you all serve. Thanks again to both of you and God Bless y’all BIG!

[@BetterWealth]

I really appreciate this comment! I knew it was important for me to do and I’m glad it finally happened. Looking forward to what we can accomplish for the industry!

[@chadhanson3431]

A mortgage is not great because it introduces a way/risk to lose your home. When it is gone there is a weight lifted from your shoulders and, probably, a big chunk of your monthly expenses goes away.

[@Scottgenad]

Always a pleasure seeing two superior content creators in this industry giving such amazing content. Much Appreciated Caleb and Chris. 🙏

[@BetterWealth]

Thank you Scott!

[@Doriginal5]

Pardon my ignorance. I’m trying to understand what the end game is. Understand the value of the cash policy, spread on borrowing, and unfettered compounding, and paying yourself the interest. My questions is when and how can you extract dollars free and clear? Is it through the dividend payment?

[@stephengilstrap]

you loan the dollars out.

[@dq7143]

After a certain period of time, your deposits build your cash value / dividends in the policy. You will soon be able to withdraw that amount at a certain time without penalty. However, it is to the policyholder's advantage to allow that money to stay in the account to generate compound interest. Instead, you can withdraw from the policy by taking out a policy loan. The simple interest that the mutual fund charges is a little more than the amount of interest that you are generating on your cash value - but to your benefit, you are getting compounded interest.

[@dq7143]

Here's a video that has a policy structured where you stop making payments at a specified time and then start making withdrawals for retirement kzbin.info/www/bejne/gGHRhWSjZpqBrKs

[@dq7143]

Taking tax free policy withdrawals kzbin.info/www/bejne/jIuzc4SVq96AeJY

[@stevenharmon4229]

I’ve read your book and watched several KZbin videos/podcasts. Thank you for the authentic conversation. I’ve debated on becoming an NNI practitioner and your honest thoughts on it were very helpful since it was an approach to the conversation that I hadn’t heard. Thanks for doing what you do!

[@dontfighttheriptide4091]

Great interview. Ears perked up when Chris made the comments about identifying who IBC is NOT for and completely agree. It’s tough to leave people behind, but if their mindset is fixed on immediate results there’s going to be a strong resistance

[@TheCJAdams]

This video was so fire. Also congrats on taking the steps to becoming a IBC practitioner

[@dailstancill720]

30:44 cash secured assets, capital growth in CV insurance is risk free but the loans are not if used in an investment.

[@rSb.Benjaminz]

This was an excellent discussion! Thank you for this!

[@judebaker8484]

My family is cattle farmers and I’ve grown up working on the farm my whole life! Definitely a great experience and teaches hard work!

[@BetterWealth]

Totally agree!

[@DallinBunnell]

Very interesting conversation! Thanks for sharing!

[@4Serros]

much needed conversation! appreciated all the perspectives spoken about

[@JesseWDurham]

Very cool to hear from you both on these points and your perspectives!

[@jasondurant6581]

🎉congratulations on finally taking the IBC test and becoming a IBC practitioner 👍🏾 this was a very good video as it gave Chris an opportunity to share his background and how he has come to take the stance on IBC he has. I have the book by N. Nash on Infinite Banking and this interview provide a interesting perspective.

[@tonyandashleywattanaparuda7256]

Hey Caleb, I just wanted to thank you for your content and valuable info that you share concerning IBC. With that being said, I understand IBC is a process that uses WL insurance with innumerable possibilities. For those of us who are new to this concept and do not have a particular goal or investment opportunity or project, but see the value in parking our savings in this kind of policy. Do you have advice on what would be some safe investments to start the IBC process? Any help would be greatly appreciated! Thank you

[@dontfighttheriptide4091]

Caleb, I vacillate on the mortgage… paying off the mortgage is like the flip side to having an annuity, i.e. lower net variable household budget… a lower household budget translates to a lower need for a liquid reserve multiple / volatility buffer. I’ve arrived at the conclusion to eliminate mortgage on personal home, as opposed to investment property. It’s not the first priority, but it’s a priority in so much as to lower liquidity requirement

[@eivano]

Is it possible to get into selling these overfunded cash life insurance part-time. I love my 9-5, but I would really like the tools to help my family and closest friends? Don't really need the supplemental income, but I would love to be able to sit down with them and have these real and serious conversations.

[@rich_with_rich]

love watching IBC content from practioners, and congrats to you! always wondered what is entailed in the practioner course. the IBC really makes me wanna become licensed and eventually be a practioner, but like you said to, i hate tests

[@BetterWealth]

Thank you! Please let me or Chris know if you need help on that journey!

[@BetterWealth]

Make sure you check out the surprise update at the end of the podcast :)

[@thecrazypoet]

congrats on becoming an IBC practitioner. I have been watching your content as well as Chris's for a while now and I am hoping to become an IBC practitioner myself one day as well as a financial advisor. Looking forward to more great content from you. Thanks again

[@raffybbc]

Congrats

[@cecilledemesillo4017]

Thank you for this content! I'm just learning this IBC. I'm a real estate investor, and finance as well. Just like Chris I want to know more about how you guys do this.

[@BetterWealth]

Thanks for watching! My encouragement would be to check out our Vault. This is packed with tons of free resources, a calculator, and videos that explain the process and how you can get started! Here's the link: bttr.ly/vault

[@northupupgrages09]

Aw YEAH.... ready for this one... Here to learn more!!!

[@dq7143]

I didn't think I would ever sit and listen to a 1 hr 21 min financial discussion on KZbin but I did. It was that good.

[@BetterWealth]

Thank you very much! That seriously means a lot.

[@mikeygeee]

Interesting conversation. I’m confused about the 30 year mortgage question though. I think you were saying 30 year mortgages are awesome because of the long term low fixed interest rate. I don’t think you were saying you thought people should pay off their mortgage using their insurance policy but I think Chris thought that’s what you were saying. You were saying the opposite, right?

[@georgelujan1924]

Awesome video congratulations on passing the IBC test I fallow both of you 👍🏼

[@BetterWealth]

Awesome! Thank you!

[@juliem2538]

Way to go Caleb! Congratulations

[@EW-hz3cq]

Great information, as always. I am on "on the fence" regarding using 30-year mortgages as a tool.....Am I way off here? What about velocity banking/IBC combo on paying the first 7-8 year's mortgage payments (perhaps a minimal initial downpayment)? Aren't you then skipping the initial "mound" of amortized loan interest? Then paying back the loan against the whole life at a more advantageous loan structure and also losing years on your 30-year mortgage? You are losing the mortgage interest deduction but gaining control of your money and minimizing interest. 1st Lien HELOC type program? Curious on thoughts.

[@TraderPmac]

Stunningly good interview. Thanks to both of you.

[@BetterWealth]

Glad you enjoyed it!

[@sotoa1]

Loved the interview. Both you guys rock. After watching tons of these videos from both you guys, this is the first time I realized there was a test, but congrats on taking it!

[@BetterWealth]

Thank you!

[@thenynick3698]

I love whole life. I’m an insurance wholesaler and teach insurance concepts etc. I worked at NYL at this same time and they were always ALWAYS whole life. They had UL, but never promoted UL or VUL over WL, especially describing it as a Final Expense policy. If you know their comp plan, retirement plan and managers compensation plan, you would know that would never happen.

[@exmennonitebanker]

Congratulations Caleb! Love this episode.

[@BetterWealth]

Thank you!

[@gregschwartz2942]

Max funded indexed IUL/whole life is a Swiss army knife in an investment portfolio.

[@charlesanderson7830]

You should do a video with someone who is educated enough about WLI and infinite banking but still skeptical about the process and hear them out vs. having someone who is selling WLI and the infinite banking concept. Someone like me perhaps.

[@adolfocastro4338]

Great interview, great work.

[@ThedudeMMXlll]

Such an inspiring story. Thank you

[@ThedudeMMXlll]

N very informative too.

[@karellouden6469]

Oh! I had that clothing. I had that PHAT clothing line this is very cool.

[@FKAT420]

Awesome Content Thanks 💯🇺🇲🙌

[@BetterWealth]

Thank you for watching!

[@briancaroselli6267]

Caleb, can you weigh in on “loan recognition”? The guy I’ve been learning about IBC from just told me (or maybe I just heard him) that the insurance co will offset all but something like .65% of any policy loan in first ten years…after that they offset 100%. This was rather shocking actually as I hadn’t understood this from anything else related to IBC that I’d come across. Are you familiar with this? If so, How does this offset work? What’s the catch?

[@franklehane8843]

The word "never" needs harnessing in its use. Same with "always".

[@pazsugarspice]

Since this is a long term strategy and you guys seem to be speaking to people in 20, 30, and even 40s, do you think there is an age cutoff to invest in this type of system? I am 57 and do not have life insurance now. I did have term life insurance when my kids were little. I have a lot of experience in insurance and this is not something they teach at all. I would love to have your thoughts on starting this type of system in your 50s.

[@Michael-vc2cs]

I’m not one of the guys on the video or a salesman but you can definitely either get set up yourself or on someone you know who is eligible if you’re not. Considering this strategy is much like a banking alternative to give you greater control over your money, it’s really something you can start using any time. Then you can design policy loans to go towards investments and earn dollars in two places. You probably already know not to let someone random set this up also.

[@leonkingjr]

I have watched the entire podcast interview and have a serious question regarding the math (bc it doesn’t lie): If you take a loan from your policy at a 5% interest rate, yet you earn 3% in your policy, how do you justify losing 2% right off the bat? I understand that you can take the funds from that loan and use them to go and purchase an appreciating or cash-flowing asset with a higher return - which is the best use of those funds in most cases - and I also understand that borrowing from yourself at 5% vs taking a bank loan at 7% to buy a vehicle is better…but what about when the bank loan rate is 3 or 4%? Even if you were 100% your own bank where 100% of your income goes in and you only take out what you need to pay your bills, how does the math make sense when you are earning 3% and borrowing (paying) 5% on the money you borrow? (I understand that compound interest wins over time, however it is mentioned in the interview that whole life is better than IUL for short term plays, so I am looking for greater explanation of why.)

[@Michael-vc2cs]

You’re correct, the math doesn’t lie. Chris actually does go into the math on his channel to show the actual numbers, compounded vs. simple interest. Especially at 3% compared to 5%, the 3% compounded wins convincingly. If that number goes higher because the insurance company is more profitable that year and you get higher dividends, forget it! But on top of that, you get that compounding on the full amount even if you borrow from the policy and invest some percentage of those funds elsewhere, earning money in two places at once.

[@mcr7379]

🔥 content

[@williamfelts7530]

Do you use the r nelson nash infinite banking concept the father of infinate banking concept RIP sir

[@dailstancill720]

There always is an assumed future value in TVM math so until someone can predict future interest rates, risk will exist.

[@adrianduncan9735]

If you had a Non-Mec Premium Life Insurance Policy you could have succeeded! Either a 5-Year Non-Mec or 10-Year Non-Mec!

[@hisagisan]

Thank you for chapters because sheesh

[@BetterWealth]

We do long form here haha

[@thecrazypoet]

the collaboration of my dreams

[@BetterWealth]

@@thecrazypoet Same 😁 More to come!

[@snellerfinancialservicesll5303]

45 minutes in. Great discussion. However, so far it has nothing to do with the video's title...

[@BetterWealth]

It can take us a while sometimes to get to the topic but I hope you stuck around to hear it :) Being a podcast can be tough sometimes as I want the conversation to flow naturally.

[@Doriginal5]

What is the 90 minute video?

[@BetterWealth]

If I remember rightly he was referring to a 90 minute educational video he provides through his business funnel. I may be mistaken though. What part of the video is it mentioned?

[@bze5629]

Congrats on being a Nash practicioner!

[@BetterWealth]

Thank you!

[@williamfelts7530]

Look up r nelson nash infinite banking he is the father of infinet banking concept

[@BetterWealth]

Yes, we both knew Nelson.

[@lwhitesurfer]

Who runs the banks? I’ll get banned for saying it😂💀

[@ashleytaylor994]

Joos

[@dtagdoesnttakeagenius1934]

It all sounds sus…. Not a complete picture of his story. SMH

[@ravbarring]

So, you want him to ramble about his life story? You are proof that you can never make everyone happy.

[@dtagdoesnttakeagenius1934]

@ you are proof that people can’t have an opinion! There is a comment section for a reason…duh

[@sarahmark7682]

Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

[@BnazerriKhiid]

I'm 37 and have been looking for ways to be successful, please how??

[@sarahmark7682]

Sure, the investment-advisor that guides me is..

[@sarahmark7682]

Mrs Kathy lien

[@parkereric6397]

Same, I met Kathy lien last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Kathy lien

[@AndrewMikel-js7qb]

Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!

[@Jinsyl-xi4by]

too long, had to stop listening after 15mn, just explain

[@BetterWealth]

We added chapters if that helps with navigating to the parts of the podcast you want to listen to.

[@JesseWDurham]

Very cool to hear from you both on these points and your perspectives!