Using The Infinite Banking Concept To Pay Off Debt, Buy Cars, & Plan For Retirement

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!

[DallinBunnell]

The biggest problem with this is no policy is actually paying you 6% on your cash value. The gross dividend may be 6%, but you're not earning 6%. It's usually 1-2% less (6% dividend, 4.5% earned interest). Only your cash value earns interest, so that 10, 000 you put into the policy, only $8500-$9000 is available because only $8500-$9000 is in cash value. The loan cost is an actual loan cost. If it's charging 4% then you're actually paying 4% on the loan. If you're paying 5.5% (like now) on your loan, and you're earning 4.5% (from a 6% gross dividend) there is no arbitrage on interest rates. That's a MAJOR misrepresentation here.

However, infinite banking can still make sense in other contexts. One is you borrow at 5.5%, but you have an investment that will more than return you over 5.5%. You make a spread on interest on the investment, not inside the insurance policy. Your policy will just chug along at 4.5% as if you never touched it. Another use case would be restructuring high-interest debt. If you have $5, 000 in credit card debt at 27% interest, then yes, a 5.5% policy loan will save you tons of money. Another appropriate application is private lending (actually being a bank). For instance, you borrow from your policy at 5.5%, but you lend to someone else at 8%, or 10%, or 12%. You'd make a spread on the interest there. Why would you do that? Well, depending on the project, an actual bank may be charging 12-15-20% for a similar loan. You make money, and the borrower saves money. Or, if the borrower is paying the same or more to you, he's paying for the speed and convenience of a policy loan. Win-win.

[robluna]

The funny thing is that never seen an actual policy that makes sense compared to other routes. Usually it’s snake oil salesmen.

[evanbonnell]

It’s always the slick, fast-talkers with highly rehearsed narratives pitching infinite banking.

[stoneybrotherbass]

3 minutes in and a 20 minute commercial comes on; that makes me wanna tune out.

[coderlifer]

Infinite banking is stupid. Only stupid people fall for it. In simple terms, it's like you depositing your after-tax cash, say $100k, into somebody's bank account and he tells you that 10 years from now, you'd be able to borrow money from it with an interest rate of 8%. BTW, you can't get any of that money until after 10 years. 10 years from now, you can borrow $100k at a very low interest rate (8%), instead of 20% with credit cards. Isn't that a very good idea? It's your own bank. Meanwhile, that guy holding your money pockets the interest you pay to himself. Stupid people can't grasp this, so they fall for it.
Ok, they'll say, "But that money also pays for your insurance." So, here's how they try to blur it so that stupid people won't see the stupidity of it. As the guest in this video says, "Whole Life insurance is overpriced." The key word is overpriced. That overprice is the money you think you can have access to for free but in reality, that is your money. That's the reason the dividends are tax-free because in reality the dividends are not truly earned income but only come from your after-tax money that you put in. That is why the IRS does not tax those dividends because they were already after tax money.

[kevinr]

Looks like the money your borrowing back is a adjustable interest rate from what my insurance guy said

[eljuancho]

Priceless content! The right tool for the right job! ♥️🙌 gtfo the matrix 💪👑💰✈️

[quintinmason]

why was garret gunderson photo added to people with Dave an Suzi when he teaches on it he isn't against it !! he wrote a book on it !!

[cecilledemesillo]

You need a lot of money to put in the beginning to start using it for real estate deals

[xavierprieto]

Will be interested when this app comes out. I'm a private lender and fund real estate deals, as well as EMD for wholesalers, double closing or fix and flips

Our company also went through a rough patch of uncertainty in 2020 when we turned from construction business to real estate investing. We changed our identity and decided to use construction to serve our investments. It was all the same skills but my leadership role changed. The biggest issue that needed to be fixed was I needed to train a replacement and adapt to giving them control. Best decision we could've made. Thankfully we were able to pivot to serve other investors just like us and create strong relationships along the way

[rebeccadcurtis]

Doubt that's your commission. The main concept is correct though.

[Theyangsterr]

Can someone please explain why they think it's a bad idea? All I'm seeing is lot of shit talking on these comments but no explanation.

[angelfierro]

I’ve been looking into life insurance recently. This actually caught my attention. I’m still doing my research but I’m curious. How does the community feel about this?

[Jakotina]

Could this method be used for student loans?

[dylanbarrett]

You can do this with a normal index fund. I’ve never understood the big excitement over whole life. Are there really that many investment opportunities that you can really utilize a whole life policy to maximize returns? I feel like I lose brain cells listening to these dudes.

[JohnnyPagnini]

It’s like the longest sales pitch ever….

[cwengle]

Ryan, looks like you’ve got a lot of dave ramsey trolls commenting!

[aaronoconnor]

I can't believe this guy was actually talking about Ken block as if he was still alive. It was actually rather disrespectful