Debunking MYTHS Surrounding Infinite Banking Concept
About this episode
On today's episode, Darren and Christina go through some of the comments they've seen online about what some people think infinite banking is and how it works. We've got some debunking to do, you don't want to miss this episode!
Show notes:
00:00 - Introduction
1:35 - "Infinite banking is a scam" (no it's not)
4:05 - "You lose the cash value when you die" (you don't)
7:25 - "Why would I pay interest to borrow my own money" (it's not your money)
10:00 - "The whole life policy is just a high commission product for the agent" (it's not)
13:30 - "I can get a much higher rate of return investing somewhere else"
16:10 - "Dividends are just a return of an overpayment"
18:40 - "Infinite banking can't be done in Canada" (it can)
20:25 - "Whole life is too expensive"
26:10 - "When I put my money inside the insurance, I can't pick my own investments"
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