Using The Infinite Banking Concept To Pay Off Debt, Buy Cars, & Plan For Retirement | Chris Naugle
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 27 February 2024
⏱️ 50 minutes
🧾️ Download transcript
Summary
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!
Learn how to invest in real estate with the Cashflow 2.0 System! Your business in a box with 1:1 coaching, motivated seller leads, & softwares. https://www.wealthyinvestor.com/
Want to work 1:1 with Ryan Pineda? Apply at ryanpineda.com
Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://tentmakers.us/
Want to grow your business and network with elite entrepreneurs on world-class golf courses? Apply now to join Mastermind19 – Ryan Pineda’s private golf mastermind for high-level founders and dealmakers. www.mastermind19.com
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | A lot of people have a negative connotation of whole life or infinite banking and all that stuff. |
| 0:05.0 | Myself included, always like, this doesn't even make sense. |
| 0:07.3 | Why would I want to do this? |
| 0:08.4 | All infinite banking concept is is the same thing the bank does every day. |
| 0:11.8 | So why would we use this stupid, overpriced, terrible vehicle that Dave Ramsey, |
| 0:15.6 | Suzy Orman, and everybody else says is the worst place you can put your money. |
| 0:18.5 | We have two alternatives for what we're talking about. |
| 0:20.6 | You can put money in a bank account, maybe a money market to have access and liquidity, or you could put money here and have access and |
| 0:25.8 | liquidity. One allows you to make money twice, the other allows you to make money |
| 0:29.5 | once. A lot of people have a negative connotation of whole life or infant banking and all that stuff, myself included. |
| 0:37.0 | You know, every time I've ever been pitched it, I'm always like, this doesn't even make sense. |
| 0:40.5 | Why would I want to do this? |
| 0:42.0 | And before we got on show, you know, you started |
| 0:45.5 | telling me about ways that you're doing it differently and why it actually does make sense in some situations |
| 0:51.0 | if you know your guy actually giving you the policy is |
| 0:54.0 | building it in a way that makes sense so for those who have no idea what I'm |
| 0:58.0 | talking about like let's first break down what whole life is and what this whole |
| 1:03.0 | infinite banking thing is. Okay so what is whole life? It's a life insurance |
| 1:06.5 | policy that lasts your whole life. That's the simplest thing. It is an expensive |
| 1:10.4 | overpriced life insurance policy that is sold by advisors because it pays a big |
| 1:14.5 | commission. Did I accurately describe that the way that you used to view it? |
| 1:17.6 | Yes. Okay, well that's how I used to view it. Exactly. As an advisor, I, listen, I made money managing assets. I sold term and invested the difference. |
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