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Hey there! Thanks for dropping a comment. Let's wake those sleepy folks up! 😄

Thank you for watching! What happens to the value of everything during a monetary reset? Multiple life insurance companies have existed since before the Civil War, and our currency has changed multiple times, yet all these companies have kept right on going, never skipping a dividend payment.

Thank you for watching! We don't believe in one-size-fits-all solutions. Annuities can be a great tool in someone's financial picture, but they are not the only solution, nor are they for everyone.

Thank you for your feedback! I appreciate your dedication to rewatching the episode to absorb all the information.

Thank you for watching!

Hey, thanks for watching. I'm not sure how to quantify "how much do you know," but we have quite a few people on our team who are well-versed in annuities.

@@TheMoneyAdvantagehaha, fair answer. I guess I mean do you know enough to know about the info that I wish I could remember… Would you be willing to do a show on annuities, mainly the tax deferral and the guaranteed income?

Bruce did an episode on annuities when Rachel was out on maternity leave. It differs from the types the academics suggest, but so does IBC policies.

@@jamesiscool3245 thank you

I believe this is the episode: ruclips.net/user/liveYtZbQx8qVXc

Thanks for watching!

I appreciate your support and glad you found the content valuable.

Thank you for watching! We love life insurance, but it is not an investment. Properly structured dividend-paying whole life insurance can be a safe place to store cash and perpetually pass on wealth multigenerationally. Wealth is created by providing value to others, and this is why there are no W2 employees on the Forbes 400. They all created businesses and figured out how to provide a ton of value to a lot of people. Wealth is not a passive sport but rather an active team sport.

@@TheMoneyAdvantage this only works if she already has money. But currently she doesn’t since it’s her first month in WFG. She has 0 income, 0 retirement and 0 assets.

Thanks for watching. The short answer is no because you do not borrow the money from your policy. The cash value is just the collateral. You are taking a loan from the company, not directly from your policy. However, if you take cash out of a savings account at the bank, then yes, you stop earning interest on that money, and you interrupt the compounding. Here are 3 articles and podcast episodes that go much deeper on this topic: 1) themoneyadvantage.com/spend-money-spender-saver-steward/ 2) themoneyadvantage.com/opportunity-cost-the-invisible-cost-of-financing/ 3) themoneyadvantage.com/life-insurance-loans-and-why-we-use-them/

Thanks for watching. Lets discuss that further: As Dallas Willard said in The Divine Conspiracy, The Story of The Rich Young Ruler has interesting implications for the first Beatitude in Luke: “Blessed are the poor.” The thinking in Jewish culture at that time was: If God controlled all the wealth of the earth, you could only be rich if you had his favor. If you were prosperous and rich you were considered blessed and favored by God. Mathew 19:16-26 (NLT): 16 Someone came to Jesus with this question: “Teacher, what good deed must I do to have eternal life?” 17 “Why ask me about what is good?” Jesus replied. “There is only One who is good. But to answer your question-if you want to receive eternal life, keep the commandments.” 18 “Which ones?” the man asked. And Jesus replied: “‘You must not murder. You must not commit adultery. You must not steal. You must not testify falsely. 19 Honor your father and mother. Love your neighbor as yourself.’” 20 “I’ve obeyed all these commandments,” the young man replied. “What else must I do?” 21 Jesus told him, “If you want to be perfect, go and sell all your possessions and give the money to the poor, and you will have treasure in heaven. Then come, follow me.” 22 But when the young man heard this, he went away sad, for he had many possessions. 23 Then Jesus said to his disciples, “I tell you the truth, it is very hard for a rich person to enter the Kingdom of Heaven. 24 I’ll say it again-it is easier for a camel to go through the eye of a needle than for a rich person to enter the Kingdom of God!” A camel will not fit through the eye of a needle, and it is absurd even to suggest it. Was Jesus saying it was impossible? Mathew 19:25 The disciples were astounded. "Then who in the world can be saved?" they asked. The disciples were shocked and dumbfounded to hear Jesus tell them that it would be hard to enter heaven for someone they deemed to have Gods special favor. Basically, if rich people who have God’s special favor will have a difficult time getting into Heaven well then who can get into heaven? Jesus’s response to the disciples makes it very clear he was talking about something impossible:
 Mathew 19:26 "Jesus looked at them intently and said, "Humanly speaking, it is impossible. But with God everything is possible." Jesus made it very clear wealth does not get you into heaven. The only way anyone, regardless of social standing, gets into heaven is by the grace of God. Being rich does mean God’s favor, which also suggests being poor does not mean one is out of God’s favor. It is interesting to note that Jesus began his response to the rich young ruler with, "If You want to be perfect…”. It is a core tenant of the Christian faith that we can never be perfect, and it is for this very reason Jesus came to earth because we could not earn our way into heaven. It is critical to pay attention to what Jesus did NOT say. He did not say, that the rich cannot enter the kingdom, in fact he said with God’s help they can, which is the only way anyone can get to Heaven. He also did not say that the poor have an advantage over the rich in being saved. What Jesus did, as usual, was contradict the prevailing thoughts and assumptions of the day, this time regarding God and riches. The challenge for the "rich young ruler", was not his wealth, but that he trusted his wealth as a sign that he was blessed by God. He loved his money more than God. Essentially, when presented with the choice from Jesus, he chose money over God. By using the case at hand, he simply upset the prevailing general assumption about God and riches. For how could God favor a person, however rich, who loves him less than wealth? ~ Dallas Willard, The Divine Conspiracy, Page 108

@TheMoneyAdvantage Luke 6:20 Looking at his disciples, he said: “Blessed are you who are poor, for yours is the kingdom of God. 21 Blessed are you who hunger now, for you will be satisfied. Blessed are you who weep now, for you will laugh.

​@@3joewj The culture of the day viewed the poor as not favored by God. Jesus as usual upset their worldview by saying the Kingdom of God was open to everyone, rich and poor, and all are equal in the Kingdom. Jesus’s ministry, during the Sermon on The Mount (Beatitudes) he said: Mathew 5:1-11 (NASB): Now when Jesus saw the crowds, He went up on the mountain; and after He sat down, His disciples came to Him. 2 And He opened His mouth and began to teach them, saying, 3 “Blessed are the poor (ptóchos) in spirit, for theirs is the kingdom of heaven. 4 “Blessed are those who mourn, for they will be comforted. 5 “Blessed are the gentle, for they will inherit the earth. 6 “Blessed are those who hunger and thirst for righteousness, for they will be satisfied. 7 “Blessed are the merciful, for they will receive mercy. 8 “Blessed are the pure in heart, for they will see God. 9 “Blessed are the peacemakers, for they will be called sons of God. 10 “Blessed are those who have been persecuted for the sake of righteousness, for theirs is the kingdom of heaven. 11 “Blessed are you when people insult you and persecute you, and falsely say all kinds of evil against you because of Me. 12 Rejoice and be glad, for your reward in heaven is great; for in this same way they persecuted the prophets who were before you. Luke 6:20-26 (NASB): 20 And He raised His eyes toward His disciples and began saying, “Blessed are you who are poor (ptóchos), for yours is the kingdom of God. 21 Blessed are you who are hungry now, for you will be satisfied. Blessed are you who weep now, for you will laugh. 22 Blessed are you when the people hate you, and when they exclude you, and insult you, and scorn your name as evil, on account of the Son of Man. 23 Rejoice on that day and jump for joy, for behold, your reward is great in heaven. For their fathers used to treat the prophets the same way. 24 But woe to you who are rich, for you are receiving your comfort in full. 25 Woe to you who are well-fed now, for you will be hungry. Woe to you who laugh now, for you will mourn and weep. 26 Woe to you when all the people speak well of you; for their fathers used to treat the false prophets the same way. POOR defined: Strong’s Concordance #4434 (of one who crouches and cowers, hence) beggarly, poor Thayer’s Greek Lexicon to be thoroughly frightened, to cower down or hide oneself for fear; hence, πτωχός properly, one who slinks and crouches), often involving the idea of roving about in wretchedness (see πένης, at the end; "but it always had a bad sense till it was ennobled in the Gospels; see Matthew 5:3; Luke 6:20 universally, lacking in anything, with a dative of the respect: τῷ πνεύματι, as respects their spirit, i. e. destitute of the wealth of learning and intellectual culture which the schools afford (men of this class most readily gave themselves up to Christ's teaching and proved themselves fitted to lay hold of the heavenly treasure, Matthew 11:25; John 9:39; 1 Corinthians 1:26, 27; (others make the idea more inward and ethical: 'conscious of their spiritual need')), Matthew 5:3 Vine’s Greek Dictionary (a) an adjective describing one who “crouches and cowers,” is used as a noun, “a beggar”. The broad sense of “poor”. (b) metaphorically, Matthew 5:3; Luke 6:20 Dallas Willard, The Divine Conspiracy, p. 100-108 : It will help us know what to do-and what not to do-with the Beatitudes if we can discover what Jesus himself was doing with them. That should be the key to understanding them, for after all they are his Beatitudes, not ours to make of them what we will. And since great teachers and leaders always have a coherent message that they develop in an orderly way, we should assume that his teaching in the Beatitudes is a clarification or development of his primary theme in this talk and in his life: the availability of the kingdom of the heavens. … And so he said, “Blessed are the spiritual zeros-the spiritually bankrupt, deprived and deficient, the spiritual beggars, those without a wisp of ‘religion’-when the kingdom of the heavens comes upon them.” Or, “Blessed are the poor in spirit, for theirs is the kingdom of the heavens.” This, of course, is the more traditional and literally correct translation of Matt. 5:3. The poor in spirit are blessed as a result of the kingdom of God being available to them in their spiritual poverty. But today the words “poor in spirit” no longer convey the sense of spiritual destitution that they were originally meant to bear. Amazingly, they have come to refer to a praiseworthy condition. So, as a corrective, I have paraphrased the verse as above. No doubt Jesus had many exhibits from this category in the crowd around him. Most, if not all, of the Twelve Apostles were of this type, as are many now reading these words. … No one is actually being told that they are better off for being poor, for mourning, for being persecuted, and so on, or that the conditions listed are recommended ways to well-being before God or man. Nor are the Beatitudes indications of who will be on top “after the revolution.” They are explanations and illustrations, drawn from the immediate setting, of the present availability of the kingdom through personal relationship to Jesus. They single out cases that provide proof that, in him, the rule of God from the heavens truly is available in life circumstances that are beyond all human hope. Edersheim, Life and Times, p. 529 : …the promises attaching, for example, to the so called “Beatitudes” must not be regarded as the reward of the spiritual states with which they are respectively connected, nor yet as their result. It is not because a man is poor in spirit that his is the Kingdom of Heaven, in the sense that the one state will grow into the other, or be its result; still less is the one the reward of the other. The connecting link is in each case Christ Himself: because He… “has opened the Kingdom of Heaven to all believers.” Jesus’s primary mission and message was the availability of the Kingdom of Heaven to all. We see that in John 3:16-17 and Luke 19:10. John 3:16-17 (NLT): 16 “For this is how God loved the world: He gave his one and only Son, so that everyone who believes in him will not perish but have eternal life. 17 God sent his Son into the world not to judge the world, but to save the world through him. Luke 19:10 (NLT): For the Son of Man came to seek and save those who are lost.” Regardless of whether it’s Metaphorical as in Mathew 5:3 “Poor in Spirit” or Literal as in Luke 6:20 “Poor” The beatitudes are not things to strive to be, rather we are blessed in spite of being those things. The poor in spirit are called blessed, not because they have achieved a praiseworthy and admirable position in society, rather It is precisely in spite of their current lack and standing in society.

To our knowledge, Dividend Paying Whole Life Insurance from a mutual insurance company is only available in the US and Canada.

Thank you for watching! Where in this video did you hear us espousing avarice?

Thanks for sharing your opinion!

With PUA, you are just purchasing additional life insurance.. paying back 6 percent loan.. and investing it at a higher rate is a good thing

@@Rshen11 when the loan is not fixed and the investment is not guaranteed it can be very risky. You need everything go according to plan almost perfectly. High COI, variable loan rate, no investment certainty is a lot to consider. I understand that it can work and has for many. Its just my opinion.

@@joshuasmith4714 💯 you are right!

Thank you so much for your positive feedback! I'm glad you found the breakdown helpful.

It's amazing how a long-term mindset can shape our financial journey. Keep up the great work!

Who knew banking could be so sinfully fun? But seriously, thanks for watching!

Thank you for watching and commenting!

RUclips's algorithm finally did its job! Better late than never, right?

@@TheMoneyAdvantage Yes, great video and great timing for me to find it too. I know someone well who sells IULs and he loves them. I loved them when I first found out about them, but then I learned how they really work. I'm not a huge fan anymore. The guy I know does have some extra riders on the contract that make it seem very attractive and I'm still trying to get more information on them. One of them is a Guaranteed Lifetime Income Rider. Do you know about that?

This is beyond a youtube comment. If you would like book a call here to discuss further: themoneyadvantage.com/calendar

Thank you for watching!

It works for those who have strong savings habits already. Need to be able to save a minimum of $500-$1000 a month consistently.

@@TheMoneyAdvantage got ya I max out my Roth and HSA. I funnel whatever is left over into taxable brokerage. Usually about 100 a week. 0 into any kind of savings I usually only leave a 500$ buffer in checking. Do they make policy's that would be as cheap as 200$ a month I think that's probably all I could afford right now. Scary thing is no one says what happens if you miss a payment is it nullified or what happens.

Depends on age, health, etc. However if your premium is really low it will take awhile to have a meaningful enough amount of cash value to use for Infinite Banking purposes. If you have had the policy for enough years the dividends can cover the premium or use the cash value if you are in a pinch. Also if you have a policy designed for IBC purposes then you will have the ability to not pay the full PUA rider (not ideal) in a cash crunch. However you want to be confident that you can make your premium payment. We talk about these options and more in this episode from way back: themoneyadvantage.com/why-you-shouldnt-cancel-whole-life-insurance/

We appreciate your support, thank you!

Thanks for watching! Yes, if someone wants a death benefit for a certain time period and depending on their circumstances, some form of UL can be a better option. This video is more about those who are looking to grow and utilize the cash value. While we do not use IULs for Infinite Banking, we never said they could not work. The bottom line is that IULs carry inherent risks that do not exist in Whole Life, and therefore it is crucial to understand all the risks. We generally prefer the safety and liquidity of our whole life and invest outside of our policies in things that cash flow and that we know and can control. The whole life policy is an emergency/opportunity fund, a place to store cash in between deals. IBC is a different philosophy than those focused on accumulation only and not wanting to be in control. Neither way is wrong. Having said that, our team has and will sell IULs if it makes sense i.e., someone can demonstrate they can and will max fund, they understand the risk, and if the purpose is accumulation, NOT Infinite Banking. Here is a video I would recommend to anyone considering purchasing an IUL: ruclips.net/video/wj3h7rSspdM/видео.html With an IUL, the insurance company only guarantees a gross earnings rate minimum and the death benefit for a period of time. With Whole Life, the cash value is guaranteed to increase every year by a minimum dollar amount, and the policy is guaranteed to endow. Even if you max fund an IUL, never miss a payment or pay late, and pay the extra fee to guarantee the death benefit to a specific age, you still don't have a guaranteed cash value dollar amount. Whether max funded or minimally funded, a whole life policy still has a guaranteed cash value dollar amount (guaranteed to increase by a minimum dollar amount annually) and a guaranteed death benefit to endowment (typically age 100 or 121). Because a UL does not endow, you can only reduce the death benefit to try to preserve the policy. Because Whole Life endows, you can reduce the death benefit amount, so it is GUARANTEED paid-up. Life insurance is not an investment. No matter how you design it, it is still life insurance. In any asset, you can only maximize 1-2 out of the following three things: Safety, Liquidity, and Growth. You have to sacrifice at least 1. IULs sacrifice Safety to get Growth by transferring risk (themoneyadvantage.com/why-you-want-insurance-part-1-transfer-risk/) to the policyholder. * IULs do not have guaranteed premium * IULs do not have guaranteed cash that increases every year all the way to endowment * IULs do not have guaranteed death benefit all the way to endowment * IULs do not endow. Endowment is when the cash value equals the death benefit, and the company pays out the death benefit to the insured Whole life has these guarantees, which is why we use them for Infinite Banking.

I completely agree. And even for accumulation, I wonder why people do not obtain an Indexed Annuity instead of IUL, which doesn’t have the COI expense drag, and thus really cannot lose value, other than the cost of an income rider. However, whole life is the most expensive death benefit, because of all of the other benefits. Oh, and BTW, mutual companies are not required to distribute all of their profits. In fact, they need to retain some in order to have surplus as a backstop to policy liabilities. Basically, stock companies attempt to achieve a 12 to 15 percent ROE on average, while mutuals might be satisfied with the 6 percent ROE. The difference goes to a mutual company’s participating policyholders. But I agree that most people are not equipped to deal with an IUL policy. An IUL policy is really more like a small business that must be continually monitored, in order to determine if the premiums or death benefit should be adjusted. But as I said before, some people will simply not qualify for a whole life policy.

Thank you for watching!

I'm glad you enjoyed the episode!

Thank you for watching!

Awesome, thanks for listening! So happy you found it informative!

Thank you for watching and leaving a comment!

Thank you for watching! This is a short clip from a one-hour podcast, so to be clear, no one is basing their entire financial worldview on this one point. Are you suggesting that some people won't have more wealth than others?

Our monetary system is debt-based. The banking system only requires a bank to keep 10% in reserves. The rest they can loan out. So, if you make a deposit of $1,000, the bank can make new loans of up to $9,000 based on your deposit. They literally create it out of thin air.

@@TheMoneyAdvantage So they don’t borrow from the Fed??

@@mgallegos4708 They can borrow from the FED to meet reserve requirements, but that is more of a last resort as banks more often lend to each other to meet their reserve requirements. The banks in the system create new money when they make loans. For example, when someone takes out a mortgage, the mortgage lender creates new money.

@@TheMoneyAdvantage unreal!

Thank you for watching! You are actually borrowing from the life insurance company, and your cash value is the collateral. So, it's not "your money." All capital has a cost. If you pay cash, you give up earning interest. With life insurance loans, you do not interrupt the compound growth of your cash value. themoneyadvantage.com/life-insurance-loans-and-why-we-use-them/

No, actually, it's not. See my reply to your other comment on this video.

Grateful for the opportunity to learn and grow every day.

Thank you for watching!

Thank you for watching!

Looks like you're all set for a deep dive into the series and the book! Just remember to come up for air occasionally.

Thank you for watching!

I am not sure who Bernard is, but yes prices are a negotiation process.

@@TheMoneyAdvantage the guy whose comments he was addressiing

It's all about perspective, right?

Thank you for watching!

It's never too late to start learning about money management!

Wonderful!

Thank you for watching!

Thank you for watching! Real Estate is a fantastic asset; however, it does not only go up, and you may or may not be able to sell it for the amount needed. Would be better to pay peanuts for the insurance and keep the real estate and your house.

Thank you so much! I'm glad you enjoyed the analogy. Not sure if Bruce got a new camera but Ive been using my iPhone as my camera for quite awhile.

they're probably the same people that complain about how expensive term insurance, and then they try to find investments with the lowest fees and never get started. also buying high and selling low...

And their family will end up opening a GoFund me page. My policies are the ultimate ANTI-GOFUND ME account.

It's important to back up our words with actions :)