Wealth Without Bay Street 192: Debunking Dave Ramsey’s Misconceptions About Infinite Banking and Whole-Life Life Insurance
Hey there! We're aware that many of you have been eagerly waiting for this reaction video.
Dave Ramsey has been contacted by people periodically who inquire or have some comment about the process of becoming your own banker, the Infinite Banking Concept. But the conversation always shifts to or is always focused on the product rather than the process, which is really interesting (and sometimes deplorable).
Make sure to tune in and join the conversation; it will help you understand what you might already know about the Infinite Banking Concept and discover some things you might be unaware of or have a misconception of.
WATCH ▶Debunking Dave Ramsey’s Misconceptions About Infinite Banking and Whole Life Insurance
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IN THIS EPISODE, YOU WILL LEARN:
[03:22] Making bold statements and wrong claims
[06:18] The two components of cash value
[07:51] What is dividend reinvestment?
[16:18] What Dave Ramsey is not saying
[19:45] Putting a policy in place for your child
[30:25] Who's controlling the function of banking?
[35:48] Are you putting your money into this ‘crap’?
[38:25] Inheritance tax and money disappearing from your beneficiaries
[48:12] Our real thoughts on Dave
- The only dividend that isn't guaranteed is the one that hasn't been declared yet.
- The insurance policy is contractually guaranteed to grow cash value every single day – and it cannot go backward.
- Have an ever-growing compound machine where you lock in the premium dollar at age one.
#WWBS #RichardCanfield #JaysonLowe #BeYourOwnBanker #InfiniteBanking #IBC #DebunkingMisconceptions
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Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/
💸 Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/
EVA – Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/