BONUS CLIP: How The Mega Rich Invest | Infinite Banking Scam?

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.8 • 2.1K Ratings

🗓️ 9 September 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

What is infinite banking?

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He Created Tinder For Investors | Chris Naugle - https://youtu.be/MDWKFjhGktw

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My friend Chris Naugle describes how he uses Whole Life Insurance as an investment tool. Many people believe that Whole Life Insurance is a scam, but he addresses these concerns and explains how it’s actually not, and how you can use it to your benefit.

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Transcript

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0:00.0	I want to talk about infinite banking right now.
0:02.3	So with your money multiplier, a lot of people have a negative
0:06.8	connotation of whole life for infinite banking and all that stuff.
0:10.0	Myself included.
0:11.3	Every time I've ever been pitched it, always like,
0:13.6	this doesn't even make sense.
0:14.6	Why would I want to do this?
0:16.6	And before we got on show, you start to tell me about ways
0:20.6	that you're doing it differently and why it actually does make sense
0:24.2	in some situations if your guy actually giving you the policy
0:28.2	is building it in a way that makes sense.
0:29.8	So for those who have no idea what I'm talking about,
0:33.6	like let's first break down what whole life is
0:36.4	and what this whole infinite banking thing is.
0:38.7	Okay, so what is whole life?
0:39.8	It's a life insurance policy that last year whole life.
0:42.2	That's the simplest thing.
0:43.4	It is an expensive, overpriced life insurance policy
0:46.9	that is sold by advisors because it pays a big commission.
0:49.4	And I accurately described that the way that you used to view it.
0:52.1	Yes.
0:52.9	Okay, well that's how I used to view it.
	...

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