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Someone with $3 million house or above, it's not going to worry about $2000 a month. Their water bill is probably higher than that period for somebody in that tax bracket $2000 a month is like a rounding error or but they tipped their barista. At starbucks

Whole life is a scam brah How the F can whole life do better than pure stocks/bonds when WL literally invests in these same instruments except charges a large fee for commissions, insurance costs, etc? Makes no sense

I’m sub #280!

This is a prime opportunity for the general public to learn what exactly IS insurance.

The power of IBC for your child’s future is incalculable!

Love the podcast! Now I want to hear a podcast on how you determine the size of policies for your children.

In the past I’ve used a gardening analogy for understanding present CV of a future payout. A seed sprouts into a growing plant, representing the present state of a future abundant harvest of a crop. Analogy falls apart when you consider that a harvest isn’t guaranteed like a death benefit, but there’s useful imagery there.

Depends how you die. Not 100% guaranteed

Brian looks great for 45

Hans should add a year to Brian’s age each episode.

I just dont see how the math works out

Would love see you guys debate Dave Ramsey on this topic.

How did this awful advice get so popular?

Net worth doesn't pay the bills

Create an estate and invest the difference!

It sounds you were describing syndication. It’s fantastic. I first learned of it in 2018 with Grant Cardone. I love the idea of syndication. Bigger Pockets guy also does it, but you have to be accredited with him. I was interested in grouping 10 people to go in, as a team, and explore commercial or huge multi family real estate. No one wants it as bad as they want to breathe though. Love to hear more. Stay exploring! -A A Ron

How can I get in contact with Brian and his investing group, I have been searching for a group like this in Pittsburgh area for 3 years now !!!

Currence is crushing for us!

This needs way more views. Everyone needs to be exposed to a way of thinking that challenges the typical paradigm pushed on us.

Shane is the man!

Love it! Thank you for this discussion, it adds a lot of value.

This completely negates the simple concept of liquidity cycles. If you do this on one side, you win, if you do this on the other you lose. If you stop going in debt, you may not win as much, but you also win, without the risk

Infinite banking? lol

Rave Damsey wouldn’t be such a subject of ire if he would just keep his loud and incorrect opinions of WL to himself.

You can plan but most things are not certain. You can control so much.

So the economy is built on sand, the bond and stock market are a scam and so instead you should go buy life insurance? What do you think life insurance companies do with the premiums you pay? They invest them in the bond and stock market. Good god.

Whole life insurance is a poor way to save for retirement. Very poor returns. It has other purposes but not for accumulating wealth for retirement. Plus, if you die the insurance company keeps your cash value. It’s an asset on their balance sheet. That’s why you have to pay interest on the amount you borrow from your cash value. Because it’s their money!

Uh, no. The 401k is a great way to save for retirement. Usually there is a match such as a jfifty percent match up to six percent of your contribution. Save six percent of your salary with a match of three percent for thirty to forty years and you will do great.

gold and silver not whole life

Less Government is Good Government

Benjamin Graham, no wonder i like you guys right away

I like your perspective, subbed

I just hide all my money in my mattress. Can’t get any safer than that.

29:37 Society as a whole has been conditioned to use words like “enough” without question.

Man you guys always fire me up! Thank you both so much for the boldness, challenging thoughts and truths you both preach 🙌 God Bless you fellas, have a great and safe new year!

My favorite thing is when Boomers who are still living in the house they bought in 1987 for $150K and living off their pension and SS tell me that all I have to do is work hard and do the Dave Ramsey thing and I’ll be just fine. Bonus points when they’re vets telling me to “just do my 20” and get out.

Stumbled across you guys on YT. I’m a Canadian CFP for 30 years. This was super refreshing to hear. Good on you guys for sending this message out into the world… we rarely hear this at all! (And folks really have no idea what a 30 year retirement will actually cost… they will be using up the equity in their homes to cover the second half of their retirement lives.)

I think the only way to make the cut when it comes to social security is to say: anybody born after 2008 will no longer pay into social security. That would be next year’s highschool grads.

There are some valid points. However, the matrix is a secret place, who created btc, what infos are stored in the vatican vaults. Systems are designed to herd humans how they see fit to maintain their power. Throughout centuries it was forbidden to teach slaves how to read and write. Today knowledge is hidden in plain sight.

When compared to the OECD countries.. the US has a tax to gdp ratio that's 31st out of 38. So we aren't over-taxing our citizens in relationship to our piers. Trumps tax cuts cost 4 trillion dollars. That was all deficit spending. So he taxed you with inflation. The very inflation you're bemoaning in this video. He also spent 4 trillion more dollars on COVID relief. IDK why people defend those tax cuts. They were unpaid for. That's the very definition of passing the buck to your children. (www.budget.senate.gov/chairman/newsroom/press/extending-trump-tax-cuts-would-add-46-trillion-to-the-deficit-cbo-finds)

The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It's so difficult for people who are retired and have no savings to fall back on.

I am a true GenXer (57) and I think that most people in my age group are seeing work/money/retirement much differently now. First off, SS is not really seen as a goal now, but as just one piece of the pie. Unfortunately, theft or not, most of us did not have a choice to pay in, so we are going to take it as soon as we can before the well goes dry (I am personally starting at 62). The new approach I would argue is the bucket strategy for retirement: investments/cash/real estate equity/SS/and side hustle income. All of the buckets need to carry water now in retirement. Most importantly, the debt bucket needs to stay empty.

Funny, right after two solid years of campaigning from both sides and neither one even mentioned actually fixing social security. I'm gen X and I'm not counting on it... ...and neither should you! Wife and I have been together for twenty years and decided retirement savings over having children. We'll see which will pay off first. Kids are too expensive. Good luck to your future generations... ...the're going to need it.

Queue the flood of comment section boomers coming to explain why what everyone knows is true doesn’t apply to all boomers.

The generalities in this podcast are mind-blowing. You speak in generalities sweeping generalities but then you say it was a different for you because you were raised by this sort of person or that sort of person and you don't realize there are so many different types of people

I retired from the Military in 2014 at 47 yo. I work just as much now as I did before retirement. I am retired and now I get to do exactly what I want to do. I still have short, medium and long term goals. I get to set the goals. Foxhole improvement, financial improvement and self improvement through continued learning. Retirement is just a label. My dad turned 82 this year. He and my stepmom are just as active doing the same things they always did.

Great video guys. I'm 62 and have been retired for 7 years. The money part of my situation is fine and not relying on government or social security. Life is different for everyone however i absolutely love the retired life. My wife and i travel and spend time with our five adult children and four ( so far ) grandchildren. I still race motorcycle and am very involved in the sports car culture we have lots of hobbies and never at a loss for things to do. The best thing i ever did was have lots of kids, acquire assets and stay out of debt. Our kids are doing well ( age 26 to 36 ) and three of the five have homes and a plan. You guys are on the right path.

Absolutely fantastic episode. Looking forward to connecting with Shane. Thank you all.!

I feel so alive watching UTube iin the night.Alone time is healing time.

Allocating spend towards investing in yourself is very helpful towards breaking a scarcity relationship with money.