A lot of people have a negative connotation of whole life or infinite banking and all that stuff.

Myself included, always like, this doesn't even make sense.

Why would I want to do this?

All infinite banking concept is is the same thing the bank does every day.

So why would we use this stupid, overpriced, terrible vehicle that Dave Ramsey,

Suzy Orman, and everybody else says is the worst place you can put your money.

We have two alternatives for what we're talking about.

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

liquidity. One allows you to make money twice, the other allows you to make money

once. A lot of people have a negative connotation of whole life or infant banking and all that stuff, myself included.

You know, every time I've ever been pitched it, I'm always like, this doesn't even make sense.

Why would I want to do this?

And before we got on show, you know, you started

telling me about ways that you're doing it differently and why it actually does make sense in some situations

if you know your guy actually giving you the policy is

building it in a way that makes sense so for those who have no idea what I'm

talking about like let's first break down what whole life is and what this whole

infinite banking thing is. Okay so what is whole life? It's a life insurance

policy that lasts your whole life. That's the simplest thing. It is an expensive

overpriced life insurance policy that is sold by advisors because it pays a big

commission. Did I accurately describe that the way that you used to view it?

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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