The Banking Bros., real life brothers Jeremiah and Jonah Dew, seek to teach people how to save & spend money at the same time by using something they were never taught growing up, at school, or at the office—the Infinite Banking Concept. If you’re ready to learn about the ideal asset and how you can use it for yourself, watch our video and then schedule a call with us at https://saveandspendsystem.com/getting-started-page
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The Banking Bros., real life brothers Jeremiah and Jonah Dew, seek to teach people how to save & spend money at the same time by using something they were never taught growing up, at school, or at the office—the Infinite Banking Concept. If you’re ready to learn about the ideal asset and how you can use it for yourself, watch our video and then schedule a call with us at https://saveandspendsystem.com/getting-started-page
Dave Ramsey Is WRONG About Whole Life Insurance – Here’s Why.
The Banking Bros Podcast
36 minutes 21 seconds
2 months ago
Dave Ramsey Is WRONG About Whole Life Insurance – Here’s Why.
Dave Ramsey calls whole life insurance a scam, but we’re breaking down why his statements are misleading, and what he’s not telling you about how it really works. In this video, we go line-by-line through his article, fact-checking his claims, and explaining how wealthy people actually use whole life policies for the Infinite Banking Concept.
If you're ready to learn more you've got to watch our full Save & Spend Presentation and then schedule a FREE call with us at: https://thebankingbros.com/getting-started-yt
If you're interested in the source material (we didn't come up with this!), we'd highly recommend that you get a hold of R. Nelson Nash's book: Becoming your Own Banker (5th Edition) https://amzn.to/2ZMw0h6
You can learn more about us at: https://www.thebankingbros.com
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Shownotes:
00:00 - Intro – Breaking down Dave Ramsey’s claims02:18 - Dave’s stance on permanent life insurance05:21 - Why “you’ll probably pay more than you get” is wrong07:05 - Whole life vs. other types of insurance09:50 - Mislabeling cash value as “savings”13:18 - Premiums and costs explained15:09 - Cash value guarantees – New York Life example18:42 - Death benefit and guaranteed payout22:03 - “Whole life is a rip off” – opinion vs. fact26:39 - Why mutual funds aren’t a guaranteed better option30:20 - How to fact-check financial advice34:44 - Final thoughts – Is whole life for you?
The Banking Bros Podcast
The Banking Bros., real life brothers Jeremiah and Jonah Dew, seek to teach people how to save & spend money at the same time by using something they were never taught growing up, at school, or at the office—the Infinite Banking Concept. If you’re ready to learn about the ideal asset and how you can use it for yourself, watch our video and then schedule a call with us at https://saveandspendsystem.com/getting-started-page
