When Infinite Banking Doesn't Work | With Wealth Nation
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- Опубліковано 1 тра 2022
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Infinite Banking Doesn't Work! With Wealth Nation -
I had the privilege of sitting down for the second time with Darius and Carmen from Wealth Nation to discuss the pros, cons, and strategies of infinite banking.
Wealth Nation is a powerhouse in the financial and IBC space with over 120,000 subscribers on UA-cam and a flourishing business that helps entrepreneurial and ambitious individuals feeling frustrated and trapped by their finances discover the real rules of the money game, break free with true financial independence, and own their own lifestyles.
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Caleb Guilliams
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#BetterWealth #calebguilliams #wealthnation #infinitebanking #wholelifeinsurance - Розваги
I agree that Caleb Guilliams (Betterwealth) and Carmen & Darius Britt (Wealth Nation) are 2 of the best resources out there to learn about how to use overfunded whole life insurance policies. Great content and information.
Thank you! I agree also ;)
You must be really ignorant at math
In the next days, the banking crisis would be epic and gigantic. It would be terrible for those unprepared. Recently withdrew $370k each from my bank to pump in st0cks, following inflation-indexed bonds and stocks of companies with solid cash flows. I believe it is a good time to capitalize on the market for long-term gains, but please how can I gain short term profit?........
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner......
Having an investment adviser is the best way to go about the market right now. I've been in touch with a coach for a year now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $620K in profits so far, theres just more to this market we avg joes don't know.
Not bad. Please could you shed more light or details? Or how can I contact the expert that helped you?
I’m an architect, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary “Natalie Lynn Fisk”, actively restructuring my portfolio to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell.....
Just looked up the name and came across her web page, went through her resume and I must say it was quite impressive. I reached out to her and I have scheduled a call with her. THANK YOU........
Top 5 channels right here
Do you have a video on setting up a family bank or trust? I want to know exactly how you guys operate your family system to create a generational strategy.
This interview was so informative! Thanks for all the great perspectives!
Excellent conversation on the importance of mindset and being a student throughout this process. I really liked the connection between a cell phone and an IBC policy as both a multi dimensional asset. Thankful for yalls contribution to this community
Yes that is 100% correct.
Great episode thanks
Integrity in the marketplace - full & honest disclosure? Unfortunately far too rare in the marketplace. Carmen & Darius Britt - Wealth Nation and Caleb Guilliams - Better Wealth are two of the best resources to find both!
love it. "don't do what the banks tell you to do, Do what they do!" thats why i love this system! I also love both of you guys and the integrity you bring to the industry.
Thank you!
Having access via par whole life policy loans to collateralized CV's if understood is so very cool.
This is an awesome conversation I think the main way I talk about IBC Loans in relationship to paying expenses is a higher focus on the frequency of the interest charged instead of just the interest rate because a 5% loan from the policy is charged as a simple annual daily interest so therefore if I have a debt that charges 4% per month is significantly more expensive.
Thank you for listening through!
Other than savi vs - What do banks do? I am hoping that this platform will break things down better instead of broad strokes. Conceptually isn't enough.
They are enjoying geeking out together. Would have liked to hear what over funding life insurance and some of the other things they are gisting about means.
Tremendous couple. I congratulate you
Love the conversations & I'm learning bit-by-bit. Thank you! New subscriber to both platforms here.
Thank you so much for subscribing! We hope to continue to bring you value with our videos!
How much to get started?
Still learning about IBC but does this mean we can treat an IBC like a bank account or just for loans?
"Clean house first before starting this process of getting a wholelife police" , what does she mean??
Getting rid off debts first?, fix your bad attitude towards money first? What??
Great informative interview! For someone lacking the financial education, what can I do or start to acquire this information for my knowledge? Thanks
Thank you! If you'd like to learn more about the concept we have hours of free education in our vault here ( bttr.ly/vault ). Hope this helps!
New followers!
Thank you!
Hi guys, watching your pod. I understand, somewhat, the IBC, It's the insurance side I can't grasp. By the way, I'm 80 years old
We have a lot more free resources here that might help answer your questions! bttr.ly/vault
Feel free to also schedule a call with one of our team members who can answer any questions you have! bttr.ly/aaclarity
@BetterWealth So you put $10,000.00 Dollars per year into my policy and after about 7 years I can borrow $20,000.00 Am I understanding this correctly?
I live in Europe, Belgium. The Whole Life insurance and the infinite banking doesn't exist.
As a non US citizen, is it possible for me to suscribe a Whole Life Insurance with Infinite Banking in US ?
Thinks for your answer.
You have to be a citizen. Check any American company offering whole life website, and see the requirements... it say... must be a citizen.
I congratulate you on your content. I would like to do an interview with you on my channel. But it is for the Spanish-speaking audience. We can look for a translator.
Why are they this insurance so complicated?
So, what about the life insurance company refusing to insure you? I tried to get $100,000 whole for my husband, and we were denied because of his labs, which have nothing to do with future risk of death from a stable seizure condition.
Fully dependent on the company and their risk tolerance. We’d be happy to see if we can help you find a good company that will insure if you’re interested. If you’d like to speak with one of our life insurance experts we’d be happy point you in the right direction 😁
bttr.ly/ayclarity
This product is not for the average person. This is for wealthy people. People lose their policies if you do not pay back that loan. Please speak to that.
HOW TO GET INFO B4 ASKING MY SPOUSE TO GET ON BOARD?
Nelson Nash institute
Why did you title the video the way you did? Seems like you're talking in favor of infinite banking
I wondered the same thing! More than 32 min in and they finally say IBC does NOT work if you don’t have discipline. You have to be able to pay yourself back with the interest versus the bank and I totally agree
Click bait marketing. Triggers proponents, pulls in curious skeptics.
Even with a well designed early cash value policy, most folks don't have the money for a $10,000 a year premium to start building that cash value.
Also, most life insurance agents don't even know how to design a policy in the policy holder's favor - nor have they even heard of the IBC.
So wrapping up my comment - from what I got from this episode - there are three thieves:
1 The banks
2 Wall Street
3 Life insurance companies
It's up to us to pick how we're going to get screwed.
I understand the concept, but unless you're a high earner, just keep bending over.
I hope someone out there can prove me wrong.
I appreciate this comment.
You’re not wrong. When it comes to money people should focus on the area or item that will get them closer to whatever their goals are. For most people that should start with increasing the money they make for flow into their control.
Author of Psychology of Money?
Sounds like a very common title.. 😅
Morgan Housel 😄
Yes, going a level deeper about the concept is appreciated
He also is getting death benefit.
Scam, these are insurance sales people. They are pushin the product(process😂) that makes them the most money. Guess who’s pocket that money comes out of? Also, More control my ass, you are paying to have a middleman In between you and your money, then they charge you interest to use it… it doesnt make any sense. Not to mention the fees. Why dont they talk about the fees?
That's like being mad at car salesman for selling cars lol And if you watched their content you would know they cover everything including the cons of this strategy.
@@joelrobertson2552 exactly! A shady car salesman, and i’m saying the car’s engine they are trying to sell you isn’t supposed to be making those sounds.
Why are you so angry? Life insurance has been around for over 200 years. It hard to believe the scam hasn't been exposed during that time. What do you do for a living or career? Are you disclosing to everyone how much you are charging or making for the company? Rethink your thinking and you may become happier. They are teaching many money concepts that most people can use, like good habits like saving first before spending and taking on the banking function into your own life. Good luck with your learning journey.@@dogsnacks
Agents creating these types of policys actually get paid fairly less when structured the correct way. Why? Because less base means low death benefits. You have to understand this is a place to store your money and even use different strategies with 0% apr business credit cards to grow your money multiple times on one dollar. Buy something with business credit card take loan from policy pay back the card not only did you get the points from the card your money is literally still growing in the policy as if you didnt touch it like come on. Banks do it with your money lol only use them for transactions not growing your dollar.
Carmen, how much do I pay in commission If I decide to buy a WLI ? Do you mind to disclose that? I would like to see a charge showing all the fees I have to pay. Thanks
Ask for a policy charge summary
So sad! Do Dave Ramsey eat and let will save your marriage ot has saved thousands and we have the videos to prove it