The Untold Truth About Leveraging Life Insurance: Laddering, IUL vs Whole Life, & Compound Interest!

0:00 - Intro
2:16 - How did you get into life insurance & Infinite Banking?
12:16 - Banks Vs Policy - How do you know when to use your policy?
16:21 - Is life insurance a horrible investment?
17:25 - Can you write off interest for business use? Is it legal?
19:01 - Time & Compounding
21:26 - What's your framework for Leverage?
24:06 - Caleb confronts Dan about "Laddering", IUL's, & Curtis Ray
43:48 - What do you like and dislike about Dave Ramsey
48:55 - Biggest mistakes people make with life insurance
50:09 - Legacy questions

In this BetterWealth podcast, I speak with Dan Thompson, the founder of Wise Money Tools, a financial speaker, author, and life insurance enthusiast. We talk about the compounding and leveraging effects of life insurance and discuss our contrasting opinions on topics such as IUL, Laddering policies, and popular figures like Curtis Ray, & Dave Ramsey.
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*This video is for entertainment purposes only and is not financial or legal advice.

Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

[mfmcintyre]

Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.

[raffybbc]

Such a pleasure listening to Dan Thompson!

[timothythompson]

Great video. Dan Thompson is very knowledgeable. By the way, I still don't trust IUL!!

[fs]

35:17 seems like IUL sounds like to much added risk to end up 1/2%, maybe 3/4% maybe 1% higher than a WL policy. I would rather not introduce any risk not have the upward “potential” of up to 1% more. Just my opinion.

[bluecollarbullionballer]

I use my IUL for investments I love itI bought a few thousand
Ounces at 17 a ounce.Going to sell the silver soon and pay back my policy.Then wait for the next opportumity.I love my insurance, srocks,
Precious metals.I used Dave to get out of debt.I do my own thing when it comes investing.Thanks for the video.Happy investing/stacking.

[ErickDimalanta]

Yes part 2 please! Been following Dan for a longtime and he has changed my mindset on how I look at a lot of aspects financially today.

[howtoinvestyourself]

I have an MPI IUL and a Whole Life (for IBC), my personal experiments. I will be posting my results over the lifetime of both and see how they go. There is a night and day difference between the two... But I view this as an "And" asset.

[Paka]

I prefer making arbitrage outside of the policy vs. inside of the policy. The possibility of a greater arbitrage outside the policy has more upside than inside a banking policy. Great conversation.

[dbiggybats]

Have you read "The Compound Effect" by Darren Hardy?

[Paka]

I would love to hear this similar conversation that you had with this guest with Chris Kirkpatrick.

[Keto_Mike]

Part 2 because I didn't understand what IUL was from this episode lol

[dangalbraith]

Who is your guest? Didn't catch his name. Yes do a part 2

[Unicorn-Black]

A horrible episode, Dan is very confused person, he does not like IUL but he have 4 policies, it work ok with fully funded, but he do it anyway, it wont work unless you fully fund it, but he forgot that it wont work if the market went down for few years (gap between cash and DB wont do that well and will raise the fees - not to talk about cap changes etc)
he does not like laddering but he does that, he said you should not do leverage unless its a great investment, than he do laddering on IUL - not sure if he like curtis or not, but he is doing the same risky thing