Insurance Companies Are Lying to You (Infinite Banking Exposed!)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 22 December 2023
⏱️ 32 minutes
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Summary
Transcript
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| 0:00.0 | You keep hearing about this infinite banking. |
| 0:03.0 | Have you ever want to know what's the scoop? |
| 0:05.5 | We got you covered. |
| 0:06.5 | Brian I am so excited about this because this gets so much press and we get so many |
| 0:17.9 | questions asking us about it guys what about infinite baking is this what the elite wealthy do? Is this what the top rung of society is doing? Is this the secret financial thing that I need to know about in order to truly be a financial mutant. |
| 0:34.8 | So in today's show, we want to unpack that. |
| 0:37.4 | Well, here's the thing that gets me is insurance is a very necessary part of the wealth building process. |
| 0:45.0 | What I don't love is somehow in this modern world we live in, |
| 0:50.0 | you cannot help but turn on social media and people will tell you 401k is a scam. |
| 0:56.0 | And it's typically followed by because where you need to be putting your money is in life insurance, whole life insurance and even bank on |
| 1:05.5 | yourself through infinite banking I just glad that we finally have been able to |
| 1:10.0 | find an insider that would share the details with us so we could do this |
| 1:15.9 | content so stick around to watch all the details on infinite banking. Yeah that's a |
| 1:20.7 | great set of Brown what we've done is we actually have a listener out there and say, actually, I do this. |
| 1:25.4 | This is a strategy I perpetrate and every time you guys talk about this, you're not actually |
| 1:29.2 | using policies that are designed for this specific purpose. |
| 1:32.9 | So we ask this friend of the show, |
| 1:34.1 | hey, why don't you send us some policy design |
| 1:36.9 | so we can actually do a side-by-side case study |
| 1:39.8 | to see if this is merited. |
| 1:40.9 | But before we get into that, for those of you who don't know, for those |
| 1:44.8 | of you who aren't familiar, infinite banking or bank on yourself is a way in which you use |
... |
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