Using The Infinite Banking Concept To Pay Off Debt, Buy Cars, & Plan For Retirement

Рет қаралды 7,922

Күн бұрын

Discover the truth about infinite banking with Chris Naugle as he joins Ryan Pineda in a conversation debunking misconceptions and explaining the optimal use of Whole Life.
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In 2022, Ryan Pineda hosted Chris Naugle, renowned for his infinite banking strategy. For those skeptical about infinite banking, Chris debunked misconceptions and elucidated how Whole Life is intended to be employed for optimal results. The conversation extended to Chris's earlier life as a professional snowboarder, unraveling how he transitioned into the financial realm. They explored his journey into TV with a show on house flipping, a milestone Ryan is yet to achieve!
Chris's multifaceted life and diverse projects made for an engaging discussion. The audience is sure to find their conversation compelling and insightful!

Пікірлер: 49

@DallinBunnell 4 ай бұрын

The biggest problem with this is no policy is actually paying you 6% on your cash value. The gross dividend may be 6%, but you're not earning 6%. It's usually 1-2% less (6% dividend, 4.5% earned interest). Only your cash value earns interest, so that 10,000 you put into the policy, only $8500-$9000 is available because only $8500-$9000 is in cash value. The loan cost is an actual loan cost. If it's charging 4% then you're actually paying 4% on the loan. If you're paying 5.5% (like now) on your loan, and you're earning 4.5% (from a 6% gross dividend) there is no arbitrage on interest rates. That's a MAJOR misrepresentation here. However, infinite banking can still make sense in other contexts. One is you borrow at 5.5%, but you have an investment that will more than return you over 5.5%. You make a spread on interest on the investment, not inside the insurance policy. Your policy will just chug along at 4.5% as if you never touched it. Another use case would be restructuring high-interest debt. If you have $5,000 in credit card debt at 27% interest, then yes, a 5.5% policy loan will save you tons of money. Another appropriate application is private lending (actually being a bank). For instance, you borrow from your policy at 5.5%, but you lend to someone else at 8%, or 10%, or 12%. You'd make a spread on the interest there. Why would you do that? Well, depending on the project, an actual bank may be charging 12-15-20% for a similar loan. You make money, and the borrower saves money. Or, if the borrower is paying the same or more to you, he's paying for the speed and convenience of a policy loan. Win-win.

@stoneybrotherbass 22 күн бұрын

3 minutes in and a 20 minute commercial comes on; that makes me wanna tune out.

@robluna193 4 ай бұрын

The funny thing is that never seen an actual policy that makes sense compared to other routes. Usually it’s snake oil salesmen.

@xavierprieto884 4 ай бұрын

Will be interested when this app comes out. I'm a private lender and fund real estate deals, as well as EMD for wholesalers, double closing or fix and flips Our company also went through a rough patch of uncertainty in 2020 when we turned from construction business to real estate investing. We changed our identity and decided to use construction to serve our investments. It was all the same skills but my leadership role changed. The biggest issue that needed to be fixed was I needed to train a replacement and adapt to giving them control. Best decision we could've made. Thankfully we were able to pivot to serve other investors just like us and create strong relationships along the way

@jardenkt2763 4 ай бұрын

RIP Ken Block

@eljuancho2 4 ай бұрын

Priceless content! The right tool for the right job! ♥️🙌 gtfo the matrix 💪👑💰✈️

@RyanPineda 4 ай бұрын

Glad you liked it! 🙌

@amyvanslambrook 4 ай бұрын

Brilliant! Can’t wait to do this!!

@kevinr1212 4 ай бұрын

Looks like the money your borrowing back is a adjustable interest rate from what my insurance guy said

@cecilledemesillo4017 4 ай бұрын

You need a lot of money to put in the beginning to start using it for real estate deals

@quintinmason3723 4 ай бұрын

why was garret gunderson photo added to people with Dave an Suzi when he teaches on it he isn't against it !! he wrote a book on it !!

@evanbonnell9611 4 ай бұрын

It’s always the slick, fast-talkers with highly rehearsed narratives pitching infinite banking.

@2ndamendment115 4 ай бұрын

I feel the same way

@pokene_pokemon 4 ай бұрын

Right? This dude is the most stereotypical poster child of infinite banking bullshit I could’ve imagined

@saidthatoneguy 4 ай бұрын

But it works

@angelfierro2348 4 ай бұрын

I’ve been looking into life insurance recently. This actually caught my attention. I’m still doing my research but I’m curious. How does the community feel about this?

@kyleinpa5285 4 ай бұрын

It’s dogshit. They pitch it to make money on it

@eljuancho2 4 ай бұрын

If you don't have an invertor mind set and life style making over 100k+ net it would be hard vs buying assets like Bitcoin or real estate.

@Dc343jfu4 4 ай бұрын

I’m a huge fan, I have been a client of an ibc based insurance firm for about 5 years. 3 policies in with no regrets. Do your own research and not just listen to comments on a KZbin video. I would guess most of the negative comments towards ibc have never even read becoming your own banker or done any thorough research. Ibc is just math

@kyleinpa5285 4 ай бұрын

@@Dc343jfu4Math that most people don’t understand, so the insurance companies can charge as much as they can in fees and provide subpar returns.

@toeplus1293 4 ай бұрын

It’s seems to check out to me. Only time it gets super sketch is when people use it to justify dumb purchases. From what I’ve seen, if you use loans to invest and make a much larger spread, it makes sense. I’m very close to starting my first policy

@Jakotina 4 ай бұрын

Could this method be used for student loans?

@Paul-fk8qy 4 ай бұрын

Didn't Biden hook you up?

@eljuancho2 4 ай бұрын

Yes

@rebeccadcurtis 4 ай бұрын

Doubt that's your commission. The main concept is correct though.

@kyleinpa5285 4 ай бұрын

If that was all his commission was, he could easily sell cheap term insurance and actually help people instead of charging them a commission to borrow their own money

@BothamHawkins 4 ай бұрын

Chris Naugle for President

@JohnnyPagnini 3 ай бұрын

It’s like the longest sales pitch ever….

@cwengle5119 4 ай бұрын

Ryan, looks like you’ve got a lot of dave ramsey trolls commenting!

@Theyangsterr 4 ай бұрын

Can someone please explain why they think it's a bad idea? All I'm seeing is lot of shit talking on these comments but no explanation.

@wjmg178 4 ай бұрын

because you are borrowing and paying interest on your own money but it's not yours anymore...... Once you die any outstanding loan is paid by the death benefit and the rest is for your family. All the money you put in? where is it? the insurance company keeps, thank you very much..... There will be people jumping here to tell me I don't know what I'm talking about but will just be another selling smoke...

@Theyangsterr 4 ай бұрын

@wjmg178 Thank you for that. Much appreciated. That is something one should consider before jumping the gun with this method. You know more than me. that's a plus.

@DallinBunnell 4 ай бұрын

You will always be negative in the beginning. Always. Every time. But, it can make sense over a long period of time. If you only have your money in the policy, then it might not be the best idea. The insurance, by itself, is a bad investment. It's an ok place to save cash compared to a savings account, but probably not a great idea unless you use it for some other productive investment. You don't make an interest arbitrage. You don't actually earn 6% and pay 4%. It's more like you'll pay 5.5% and earn 4.5%. But, depending on the use of funds, that can be worth it. Just know it's not an arbitrage.

@wjmg178 4 ай бұрын

@@DallinBunnell you are negative in the beginning, middle and end. The catch is the cash balance stays with the insurance company, you give away your money plus interest on your own money just because you can borrow it….. 🤦🏽‍♂️

@DallinBunnell 4 ай бұрын

@@wjmg178 lol. That's not true. But you probably don't care

@onedelish 4 ай бұрын

Hey Ryan 🎉

@RyanPineda 4 ай бұрын

Hey!

@mathew3267 Ай бұрын

Dave Ramsey lol!

@aaronoconnor606 4 ай бұрын

I can't believe this guy was actually talking about Ken block as if he was still alive. It was actually rather disrespectful

@DallinBunnell 4 ай бұрын

This was originally posted a year ago.

@dylanbarrett599 4 ай бұрын

You can do this with a normal index fund. I’ve never understood the big excitement over whole life. Are there really that many investment opportunities that you can really utilize a whole life policy to maximize returns? I feel like I lose brain cells listening to these dudes.