It’s 3% that the bank made and not a whopper 300%.

Your math is correct, I have seen a lot of misinformation out there making it sound like one can get magic money by using the leverage strategy

Is it good to use it to pay off your credit card debt it’s a program that’s called debt free for life and it consist of using a tool to pay off my credit card debt so I would like to know what’s your opinion on this and is it good or not to do this?

I think it's fairly obvious that you're better off using policy loans to buy cash flowing assets. What you fail to mention about buying liabilities is the bit where you're going to be an honest banker as described by the founder of the infinite banking concept.

Not only will you pay back the loan + interest, but you will also charge yourself the market rate for such a loan over the term you will pay it back. These separate payments will be used to purchase PUA. It is this factor that actually allows you to come out ahead and still have a car in your driveway you wouldn't have had or come out much worse off financially.

Now, you could not have bought the car and instead put all the loan payments, interest and honest banker interest into the policy as PUA (potentially) and been waaaay further ahead in your policy, but you'd also not have the car.

Simple matter is everything in life is financed and the average person has immediate needs. They don't have the breathing room to buy cash flowing assets right now. They can be an honest banker and finance the things they need in life and come out ahead rather than being poor indefinitely.

Depends on policy/company type. Ideally issued by a participating mutual company with non-direct recognition on the dividends.

Agreed on the cars thing. It didn’t make you more money buying a liability with life insurance. However in comparison to paying interest to a bank on a car loan or opportunity cost of using cash. Given say you repeat for 6 cars over 30 years time, you’ll have a lot MORE cash than you would otherwise.

When stock markets correct, I like borrowing against my whole life before using margin. And then just repay myself in 1-3 years. Rinse and repeat, and works great.

Love this video! Thank you. If the control cost from your own account is 5%, and the interest on the account is 3% and the dividend is 1%, does that equate to an effective -1%. Math is my head as I’m driving…

So, which whole life company is the best to go with for life benefits ?

By paying my liability when i don't have an opportunity still give me a cashflow that i can use back. Isn't it?

Wow any I can see your an addict to your passion. Ima continue watching more and subscribing. I might want to connect with you if possible. Lmk ?

Very helpful video and great explanation! Thank you!

Can I use my 10 year money policy to spend or save money? I feel that my money is trapped there and what's the point of saving it if I'm still there!

so what is the least amount of cash that you can open a policy and what's the max amount ?

Hi Sir. Thanks for this informative video. I just have a question. If your policy is already paid up. How does your money grow there? Thanks in advance for the answer.

Great video as always. Would love to see an example of a policy being put to use…borrow from policy, invest in a cash producing asset then showing how you would pay back your policy in the best way possible.

Please share the name of the bank that gives 1%?

Lest not forget tax!

What makes more sense?
Watering a fruit tree?
Or watering a rock?

We normally save up money to pay all cash for vacation. What you're saying is you wouldn't put that cash into my policy and they borrow against it to pay for the vacation?

I'm making 34% ROI day trading (mostly options). I have $75K in my brokerage accounts, so I'm on margin. I have a very strategic and fairly safe way of trading. Anyway, based on your calculations, theoretically speaking, if I took out $35K from those accounts and placed it into a whole life insurance policy. I could borrow against it… say within the next year. I could then put that "loaned" money back into my brokerage accounts and keep earning my average 34% ROI BUT I'd also keep earning above and beyond say the 4% current interest on the life insurance?

Once we buy that car and we start a Turo business that’s an asset now