Video

And next time on "How to build your empire on your daddy's wealth..."

Scam

@livingwealth Reticular Activating System (R.A.S.) Tony Robins talks a lot about this, good stuff!

Nate Scott is the BEST!!! The podcasts are great but if you are short on time, watch some of his seminars, or take the beginner's course...answers all your questions. I have learned so much about IBC from Nate, especially on our calls. His mentoring has completely changed my views of finance and opened so many doors for my family. We mainly use IBC for rental real estate, but there are so many typical family purchases it should be used for. If you are interested in IBC, I would get a policy from Nate...he is a genuine and honest person that knows anything and everything about IBC..

You're on fire!

No, its easier to manage but thats it.

Is one large policy better then multiple smaller policies?

You made some very fantastic points about why people would say this is a scam! They are correct to a certain degree!

Love this discussion! All the books you talk about are favorites of mine!

No such thing as "infinite" ...and banking is another word for theft, extortion, and blackmail.. akin to tax theft.

Good video - curious how your Dad feels about IBC if he is a Pastor ? I have found that most Pastors are brainwashed by Ramsey & financial peace and therefore are pretty anti whole life / IBC. ?

Good to see you back Holly!

Great content as always

I thought this was a financial parody account at first

Bros doing a hell of a lot of yapping

I LOVE your used bible behind you.

Absolutely well done! It has to do with taking back the banking function! The uninterrupted compounding of interest in the policy is just a bonus! I believe Nelson Nash call this the seen and unseen! 👏👏

💛💛💛

Isn't the $2M going to incur loan cost from insurance company? So in that case you will have to deduct that out of the $13k

Here to learn more thanks!!

Life insurance companies = Lindy effects

Are you using any of that 13,000 to pay back the loan?

Great message

I landed on your video and it is really good, let me mention, this is not a completely cold comment.. pls don't mind but I saw on your channel, that you posted 200+ videos and you can surely improve your reach by following a healthy structure, are you interested talking about it over a free call?

Oh, you are in trouble now! Great take! I think the non-Christian problem with Dave's statement is that is presupposes we will consume the majority sum of our life's labors rather than build something eternal/continual through our offspring. Scripture is kingdom/generational/conventionally focused. Generational wealth also includes having offspring and disciplining them. In effect he's saying: you don't need to confess consumer idolatry, just defer your sin.

Nah, you missed the point. Dave Ramsey does not encourage you to find security in money. He encourages you to be a good steward. You’re not worth watching.

Well said Nate , I know a few people who chased the money to hoard up but lost their family in return. I’d rather retire with my family around then to be rich and alone.

Many decades ago a very wealthy American man was asked "since you are a very wealthy man how much more will it take to make you happy?, (very poorly phrased by me}. His response was "A dollar more". Nate this was a very good pod cast today and being very poor growing up I admit that I have fallen prey to some of Ramsey's philosophies even though I have never listened to him.

Homie needs to fix those eyebrows.. that should be his first step

Seems NOT business deductable if you do not claim the personal income. Per IRS Pub 538 "Related Persons: Business expenses and interest owed to a related person who uses the cash method of accounting are not deductible until you make the payment and the corresponding amount is includible in the related person's gross income."

Jai Jai Shree Ram

Here learning with you, THANKS!!!

"promosm" 🌺

Here learning with you, THANKS!!

Solid information

Now i understand why Caleb is so cool. Home school for the win!!

This is an amazing break down!!!

Love your strategic thinking!!!

great content as always Nate - if you’re not working with Nate yet, stop procrastinating. I have several policies through his office and his team is so supportive in teaching you how to leverage them. 👍💪

This is still one of my favorites of all time! Ray was a legend! 👏

Borrow your cash value to buy more life insurance, right?

This guy didn’t just drink the kool aid he is swimming in it!

Dude, I think you have some good information to give, but you talk way too fast and all the cuts are distracting, IMO.

There are people that use the profit, the ceo or any other sr exac in the insurance company, they get. A lot of money no? Ceo of MM salary and bonus? Also they spend it on huge buildings in expensive locations right? So not 100% agree that they work for me the insured

Politicians won't ever get rid of the tax loopholes because they, and their donors are using them non-stop _We're looking at you, Hillary_

Excellent video. It's funny because I use the same exact analogy of selling a home when debunking the ridiculous claim that the evil life insurance company steals our cash value when we die and that for some reason, people expect to get both the CV and the DB. Would you expect to get the full sale price of your home plus your equity? No? Then why on Earth would you expect that to happen with a life insurance policy? It's comical. I have my own IBC channel as well, just sharing my journey. Let me know if you'd ever be interested in collaborating. I think we could do some great content.

Not credit and no more credit scores. This is a scam so the investors can harvet money without effort. If you pay cash, it helps your community and not rich A-holes

so we should change the tax code to reflect this reality

-I'll start by saying your show is great and I've learned a lot. I am sold on IBC so this is not a critique, but something I've been trying to sort out. Not necessarily a myth, but in my opinion, bit misleading how IBC is often discussed. The topic I'm referring to is the uninterrupted compounding. I agree...IBC is not about the interest rates/ rate of return and that is generally a distraction. -Many of the "real world example" explanations assume someone holding their cash reserves in a bank account with 0% interest. IBC will of course always come out ahead. What about someone who is able to store their capital in a high interest savings account and/or brokerage account? Rest assured, I still think IBC wins, even in the numbers game for 2 reasons (probably more). 1. taxes with a high yield savings and brokerage account. 2.Fluctuations of the market with a brokerage account (can't always "sell high") and savings accounts will not always be 4-5%. -I think it would be valuable to give an honest discussion of the interest rates as if everything were exactly equal. Let's say WL IRR is 5%, policy loan is 5%, and "CD" account is 5% (after tax). In fact, Bob Murphy has an excellent article addressing this on the NNI infinitebanking.org/banknotes/ibc-and-constant-compounding/ -Nash also refers to this in BYOB with the CD sisters conversation. I think what I've discovered is that the IBC "the concept" and IBC "Whole Life as a vehicle" get muddled together. If you were able to find a situation with exactly the same rates as discussed before, I think the result would be the same with equal cash flow behaviors (perhaps I'm missing something...but I think this is what Murphy is saying as well.) -However, IBC still wins for other reasons as mentioned in Murphy's article: "There are other reasons that IBC is superior to paying cash, including the very real psychological tendency for people to “find more money” to pay down an outstanding policy loan. Another motivation is their willingness to divert large flows of cash into an IBC-structured policy when they see how large the death benefit jumps, even if it is partially offset by a growing policy loan balance. -oh yeah, and there is a death benefit for the cherry on top. Let me know if you have any thoughts or see any flaws in what I'm saying. God Bless!

But how do you borrow against assets...