Tag: Whole Life
I’ve had trouble wrapping my head around whole life and infinite banking. So I’m starting my own company to see how much I can make from people who believe in this concept. I realized that I could skim millions from each whole life customer…so who’s paying the millions?
If you’ve been researching personal finance on Youtube, you’ve most likely seen a Whole Life Insurance sales person assuring you that Infinite Banking is most definitely NOT a scam and also…make sure to buy their product. Dave Ramsey went out of his way to make sure his audience knew NOT to buy Whole Life and that Infinite Banking is just a buzz word used to separate you from your money.
Ever since we discovered the concept of Infinite Banking, we have been champing at the bit to put the numbers no paper to explain how/if infinite banking works. Most people who argue for Infinite banking will make odd arguments, speak in platitudes and then promise wealth. We know that wealth is gained by investing early and investing often. So does Whole Life fit into that strategy? AJ interviews insurance agent, Mark Hicks, to try and get the basics about Whole Life insurance. This will be our foundation in our journey to totally understand Infinite Banking.