Want To Be Your Own Bank? INFINITE BANKING Q&A With Chris Naugle! Your Questions Answered!

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[@rdc3643]

Thanks to Dave Ramsey I canceled my whole life policy 20 years ago. And thanks to Dave Ramsey I have nothing in retirement could never get past baby step 2

[@RedDragonProtection]

Finally, this is the video I've been looking for

[@mmlsweet]

This was encouraging and I think I had a lightbulb moment. Thank you for the video.

[@Uncle_B_-Rad]

Added this video to "my favorites" folder !!!🙏❤🤓

[@sharonc4965]

This was so helpful. Thank you so much!

[@BethsBestHair]

Thank you both, this was an extremely helpful video for me! I'm currently working on velocity banking after watching Christy's videos and when I'm in a better position, I then want to look at a policy for my grandson to do exactly what Chris was talking about with his daughter. I want to teach him how to be responsible and to be his own banker to fund his first car and his education, investments, etc. This is truly eye opening and life changing! I can't thank you both enough for all your videos, it's truly a blessing! 🥰

[@VanntasticFinances]

LOVE IT! @BethsBestHair …glad it was helpful!

[@upsetstoassets]

Thank you Christy!!!! I cant wait to get out of debt next year!!!!!! This is the 1st thing im doing. Infinite banking!!! I will be my own bank!!!!!!!!!!!!!!! Upset about to get Assets baby!!!!!!

[@ckantrel1977]

😂😂🖤🖤

[@MargaritaDelaCruz-el8gr]

I have 3 100,000 life insurance with IUL and rider since 2017. I'm paying $500 per month. I like having an infinite banking .

[@jayten7160]

Great vid. Christy did you do that follow up video on using the heloc to fund the policy?

[@abnutcracker-xh3wy]

apparently the class group for this is high as most on a budget have to pay their monthly bills first and don't have the extra funds if you want to use those multipliers . Using a 90K example for a daughter shows the disconnect for a real world example for normal people to apply it

[@dianedeck]

Well he talks about saving and being in the position to open a whole life policy. So thats why velocity banking is so good because you get out of debt so that you can begin to save money.

[@VanntasticFinances]

It probably depends upon PRIORITIES. $5000 a year is spent on many frivolous things...so which takes priority... the daugher's future, or driving a new car every 5 years, smoking, etc..

[@enyo24]

It’s great that he’s planning for his child’s future, but this is also a good way to continue the entitlement issue that kids have nowadays. They don’t learn to work for what they have.

[@zachadkins6161]

I definitely can agree with the disconnect. My policy on my son is $1,000 a year. Mainly to lock in his insurability. Common folks like us can absolutely use this strategy. Might just take use a little longer to capitalize.

[@jou3883]

"Normal people" spend over $100-200+ on buying alcohol; wines, liquor, even big pharma "medications" when there are natural remedies. Why is that a priority? why do people "need" to drink alcohol and buy drugs (masking as medications) ? I'd rather use that money to fund this whole life policy than spending on something that makes me sick. PRIORITIES. some people prioritise buying cigarettes than buying vegetables..some people prioritise going on holidays but not bothered to maintain their homes.

[@1Seabass1]

What’s the best way to connect with Chris?

[@vivd7356]

Would I qualify for an infinite banking policy if I had cancer 7 years ago? Cancer free today.

[@MargaritaDelaCruz-el8gr]

I have 3 IUL policies. Is it smart to still continue or cancel?

[@butterflyj685]

What is an "IUL" policy? Is it the same as a "term" policy?

[@rsanchez7205]

As a disabled veteran can i obtain a whole life insurance??

[@christinesalomon4903]

30:01 Cat runs off to open his own Infinite Banking plan. Smart cat! And cat says, " Don't confuse efficiency with laziness, silly human!"

[@sunkat76]

p.s Chris I Love your James Bond styled cat. I just love cats. Black cats are good luck in UK.

[@SlaveKing]

Is this available for Canadians?

[@Shaetyler]

I am trying to understand, I felt like I was completely following watching the special you did with him as a guest prior to this. Now, at 28:28- requires our clients to have the ability to save at least 10x their income. I’ll keep trying but my understanding fell apart.

[@VanntasticFinances]

@sladnier No…10x your age

[@rosspitca9142]

um,, many insurance co's dont have enough cash stashed back per their SEC filings.

[@MaddSweetGT500]

So basically of you are a diabetic, then you cannot do this banking strategy?

[@freefree1664]

Can an Australian open a wholelife in the USA? We don't have the option here anymore (banksters have wrangled the system here to completely benefit themselves not the citizens)

[@VanntasticFinances]

I’m sorry..no..but Chris explains that here… kzbin.info/www/bejne/oJXFeJShiLNsl5Isi=7bb9Bwmoi90NEpK0

[@RWS73]

Are you absolutely required to put in the 10x your age if you could jump start the policy with a chunk of money, like a Simple IRA that isn't being contributed to anymore?

[@VanntasticFinances]

For example, if you're 40...you would set up payment of $400/mo. But yes...I chunk every year instead of monthly.

[@RWS73]

@@VanntasticFinancesI'm sorry, what I meant was if I could put money in it from an old IRA s a lump to start, could I pay less than the 10x my age amount, because just starting the velocity banking for my debt, my cash flow is tight.

[@flyroket]

I wonder if this financial system would sustain itself if everyone did this.

[@mikep4869]

The insurance industry certainly would.

[@kimmorgano8778]

Can I get this whole life policy from any company or just specific companies?

[@VanntasticFinances]

@kimmorgano8778 I would go only with a company that KNOWS the R. Nelson Nash strategy. Due to MOST Whole Life Policies are written for the agent's commision and NOT for you to gain cash value.

[@TnavresGaming]

I suggest one of the (4) Mass Mutual companies with proven performance. There are dozens of smaller companies claiming annual returns of 6+%, but don't have the proof. You want to know the Internal Rate of Return (IRR). And from what I've seen it can take 5-7 years or longer to reach an IRR of 4%+. Remember, the higher the premium (the more it benefits the agent) and the higher the Cash Value (the more it benefits you, the policy holder).

[@zachadkins6161]

​​@@TnavresGamingmy Mass mutual policy hasn't performed near as good as my Lafayette policies. The bigger mutuals companies fluff there illustrations.

[@TnavresGaming]

@@zachadkins6161 -- I've heard good things about Lafayette. What does the IRR look like for 10, 20, 40 years? They also loan at 4% too right?

[@ZedGirl]

Can I open a policy for my child if they are over 18 years old? (21+)

[@VanntasticFinances]

@ZedGirl The policy would be owned by the adult children, but I do deposit into my adult children's funds.

[@ZedGirl]

@@VanntasticFinances Thank you. The deposit info was also helpful.

[@TulleyAndMe]

Put money away in savings. Borrow on your own money. Then give the bank interest on your own money. Makes a lot of sense. While life is a terrible product. Don’t use it.

[@28amartinez]

Great video! @Christy, I would love to see a video on how you use your HELOC alongside Infinite Banking. I also have a HELOC and I am very interested in Infinite Banking but I don’t understand how to use my HELOC with it. Can you make a video on that subject as you mentioned in the interview? @vanntastic

[@mikep4869]

I would suggest you use the HELOC as your bank (as it truly would be) and disregard the insurance version.

[@NurseSheng]

Canadians are allowed to open whole life in USA?

[@kenandres3397]

Reach out to the premier Canadian coaches at Ascendant Financial who also have who also has a US division LifeEVA.

[@VanntasticFinances]

@sheryllpascua6669… please go to Chris’ video here …kzbin.info/www/bejne/oJXFeJShiLNsl5Isi=7bb9Bwmoi90NEpK0

[@sunkat76]

Hello and thanks to Christy and Chris Naugle, Will this work for me in the UK? I am unfamiliar with FDIC. Is this the equivalent of Lloyds of London (world's insurance market and underwriting) or The UK's Financial Conduct Authority? Is it a regulatory body or an underwriter? Is this Best wishes, Kate

[@VanntasticFinances]

@sunkat76 I’m sorry…no, but you can learn more from Chris here kzbin.info/www/bejne/iaeZqIh5oJx9bcksi=CvVrV1vPxLyhHTGm kzbin.info/www/bejne/oJXFeJShiLNsl5Isi=7bb9Bwmoi90NEpK0

[@Crackthewhip]

How do I get this started who do I contact???

[@VanntasticFinances]

@Crackthewhip 🏦 INFINITE BANKING CONCEPT moneyschoolrei.com/christy

[@Crackthewhip]

Thank you very much. I’m currently working on buying land to build a house. Income varies fro $10,000.00 to $12,000.00 per month. I would like to do velocity banking as well just not sure how to get started.

[@Crackthewhip]

Can I become one of your clients to help me through this process?

[@VanntasticFinances]

@@Crackthewhip Sure...my services are listed at vanntasticfinances.com ... if you need Chris...his link is in above comment.

[@75avan]

How about you save the normal way if you want to buy anything ?

[@VanntasticFinances]

@75avan You certainly can do whatever you feel comfortable doing🙂.

[@kenandres3397]

We finance everything whether paying interest or give up earning. The specially designed & engineered Whole Life policy is just the best tool to implement the IBC process, to earn value & also access the value without depleting it.

[@williamhastings4241]

Whole life insurance has high fees.

[@Jesus-kt5dc]

That's why you should have a plan or business on how to grow the borrowing.

[@zachadkins6161]

Only in the early years of the policy. I've been practicing IBC for 5 years now. 3 policies now. I've used the policies a lot including starting a business. You'll pay more fees with a 401k over your entire life then then the life of a whole life policy.

[@mikep4869]

@@zachadkins6161 I don't know about that last part.

[@wallyworldwf]

A) what are the fees? B) Are you able to deposit, take out a loan, and start another policy thereby compounding the results?

[@Jesus-kt5dc]

I believe that's illegal. To borrow from one policy to fund another.

[@mikep4869]

@@Jesus-kt5dc Why? What you do with borrowed money is your business. Use a HELOC to buy another house - same difference.

[@apollosilverlight583]

Infinite Banking? A life insurance policy that will pay you in USD when the USD is going to ZERO? Good Luck with that!!

[@zulya98]

😂