Yes these videos are beneficial. I'm 48 hours in with my PLOC. Already made a mive that boosted my credit score by 13pts overnight. Just a few pts shy of 800.❤❤❤
@@happyday1060 Typical like any insurance policy you will have to qualify which considers preexisting conditions. A nurse will come to your house and provide a physical. You will get a policy that incorporates a cash rider, which grows as you pay your insurance ea. month. Once some cash has built up you can with draw it as a loan at a set rate by your insurance company not effecting your insurance cash rider growth rate. Mine is 5% while home loans are 6 or 7% right now. Then the rest is math. Will my investment net me more than a 5% return. Being that the loan from the whole life is not amortized you pay an upfront interest rate for the year and the following year you will do the same but only on what you have not paid back or your current balance.
I just had a AHa moment!!!! If the banks get rich off our deposits and we take that away from them and become our own bank with a Life Ins policy then we will become wealthy off ourselves!!!!
Would you recommend setting up the policy for infinite banking first then start velocity to pay debt off or vice versa? Thank you so much for doing what you do. You're proof one person truly can make a difference in other people's lives.
Can you please do a video about how you use a heloc/ploc in conjunction with infinite banking? Thank you for all you do. I have raised my credit score over 100 points in less than 2 months with your advice. My score is 716 now. I was 587. I should be debt free in about a 1 year. No extra income. Just reordering my finances with a heloc. Keep spreading your message!
Step 1 - Create Your Infinite Banking Structure: Acquire a participating Whole Life policy from a mutual insurance company as your main banking mechanism. This policy will serve as your primary means of managing your finances and building wealth. Step 2 - Seed Your Infinite Banking Whole Life Insurance with Reserves: Fund your policy with premiums to seed it with reserves. This initial investment will help build the cash value of your policy, which can be used for future borrowing and investments. Step 3 - Funneling Cash Flows Through Your Infinite Banking System: Contribute premiums regularly to maintain and grow the cash value. The insurance company will credit guaranteed interest and non-guaranteed dividends to your policy. You can then borrow against the policy for strategic investments or major expenditures, while the entire cash value balance continues to earn interest and dividends. Step 4 - Managing and Repaying Loans: Use the borrowed funds for your desired purposes, and then repay the loans from your maturing investments or monthly income. This repayment process increases your future borrowing capacity and earns tax-sheltered compound interest on an increasing balance while paying simple interest on a decreasing balance. Step 5 - Ongoing Cash Flow Management: Continuously manage your cash flows to and from your infinite banking policy, ensuring that you maintain a balance between borrowing and repayment to maximize the benefits of the strategy.
Step 1 - Create Your Infinite Banking Structure: Acquire a participating Whole Life policy from a mutual insurance company as your main banking mechanism. This policy will serve as your primary means of managing your finances and building wealth. Step 2 - Seed Your Infinite Banking Whole Life Insurance with Reserves: Fund your policy with premiums to seed it with reserves. This initial investment will help build the cash value of your policy, which can be used for future borrowing and investments. Step 3 - Funneling Cash Flows Through Your Infinite Banking System: Contribute premiums regularly to maintain and grow the cash value. The insurance company will credit guaranteed interest and non-guaranteed dividends to your policy. You can then borrow against the policy for strategic investments or major expenditures, while the entire cash value balance continues to earn interest and dividends. Step 4 - Managing and Repaying Loans: Use the borrowed funds for your desired purposes, and then repay the loans from your maturing investments or monthly income. This repayment process increases your future borrowing capacity and earns tax-sheltered compound interest on an increasing balance while paying simple interest on a decreasing balance. Step 5 - Ongoing Cash Flow Management: Continuously manage your cash flows to and from your infinite banking policy, ensuring that you maintain a balance between borrowing and repayment to maximize the benefits of the strategy.
Another mind blowing video.I have heard about the self banking deal. And never understood it. I am still fussy but I see what its about a now.I need more clarification.But Vanntastic,u are a game changer
Just make sure you take out a Whole Life Insurance policy. I specifically asked the agent to get that for us but she got us Universal (UL) policy instead. You can still borrow against it but the CV it earns is not fixed, it depends on the market. So pls pls avoid our mistake. Whole Life is more powerful. If agent pushed flexi monthly premium that’s not Whole Life.
Seriously!!! Years ago an agent with LNL sold my grandfather a paid up policy. Guess what, that was BS, it was NOT, paid up…. Years later it was a universal life policy made with just an up front payment…. GUESS WHAT!?!??, the low interest rates over the years sucked out all the cash value paying for insurance costs, that the policy lost ALL the value and we got a lapse notice, but decades before he was told that it was paid up.
I found an IBC reference in the 1943 Sherlock Holmes film Femme Fatale (there's a free version on yt) this movie was made before the banking propaganda erased a common practice.
Everything she says or things that I’ve always thought my whole life through. Being a single mom raising a daughter one $15,000 a year you’re forced to live off the radar so to speak
Step 1 - Create Your Infinite Banking Structure: Acquire a participating Whole Life policy from a mutual insurance company as your main banking mechanism. This policy will serve as your primary means of managing your finances and building wealth. Step 2 - Seed Your Infinite Banking Whole Life Insurance with Reserves: Fund your policy with premiums to seed it with reserves. This initial investment will help build the cash value of your policy, which can be used for future borrowing and investments. Step 3 - Funneling Cash Flows Through Your Infinite Banking System: Contribute premiums regularly to maintain and grow the cash value. The insurance company will credit guaranteed interest and non-guaranteed dividends to your policy. You can then borrow against the policy for strategic investments or major expenditures, while the entire cash value balance continues to earn interest and dividends. Step 4 - Managing and Repaying Loans: Use the borrowed funds for your desired purposes, and then repay the loans from your maturing investments or monthly income. This repayment process increases your future borrowing capacity and earns tax-sheltered compound interest on an increasing balance while paying simple interest on a decreasing balance. Step 5 - Ongoing Cash Flow Management: Continuously manage your cash flows to and from your infinite banking policy, ensuring that you maintain a balance between borrowing and repayment to maximize the benefits of the strategy.
Just remember that all that cash value and much more used to be after-tax cash in your pocket, but you gave it all to an insurance company. Now if you want "access" to it you need to take out a loan and pay interest to the insurance company. You wouldnot tolerate it if a bank did that. Why would anyone think it acceptable for an insurance company to do that?
I have an IBC policy, which has been in force for 4 years now. The loan amount available on the policy is enough to pay off all my CC debts and leave me with only $5K. Would you recommend that I take out that loan to pay off all my CCs and then just pay back the policy using the velocity banking strategy for everyday living expenses? What are your thoughts?
How does one qualify for the life insurance especially if I am in my late 50s with some health issues? Thank for providing so much value in your videos
Take out a policy on a child or relative who is young and healthy. As long as you are the policy holder you can use the cash value to be your own banker.
Great videos on this channel! I have a question about IBC and paying down debt. If you have start a IBC and have 70k in debt, then get a big payday that is 70k is it better to just wipe the 70k credit cards out or put in IBC then draw it back out and wipe out the card? and if you did the IBC way you still have debt. or am I missing something? thank you for what you do!
I live in New Zealand is it possible to purchase whole of life insurance if you live outside of the US? These policies are not available in New Zealand from what I have briefly investigated.
I enjoy your channel, I know you are a believer and trust you wouldn’t promote something that was a scam, but Dave Ramsey really speaks against this method saying you are over paying and that is why it is tax free, and you are basically paying them 5% on your own overpayment. It makes me leary! Thoughts? Thank you!!!
Can you borrow from your 401K? Are you not over paying if you can't access your own money? Not to mention tax free growth. To me it's the most flexible. Lastly it functions as 401K, 403B, Roth, Pension, Emergency Fund on and on in one vehicle. Have a great day.
No. It requires a LOC because the LOC allows you to park your cash flow in the LOC. Pay and borrow. Unlike loans that once paid the money is gone. Have a blessed day.
Not only yes, but even more reason if you plan on retiring in 15 years. Might not have to wait 15 years. Look up Donnell Stidhum Self Directed, such a great channel.
The only value proposition for most people here is if you have beneficiaries like children and/or a spouse that can benefit from the policy after you die. If you're just using it to build up cash value to take loans against to then repay at interest then take loans against in in the future then it's basically acting like a secured credit card that doesn’t have any rewards points.
Suggestion: Add semi-monthly pay frequency for those getting a check starting on the 1st and 15th/16th or 15th and last day of the month. I've had both types of pay from a couple of employers. Some folks don't realize the semi monthly is not the same as bi-weekly and it drives me crazy lol
Income is always income no matter the frequency. Expenses are always expenses no matter the frequency. How YOU use the process to make your money work for YOU is velocity and once your debts are wiped out, Infinite is the next step
Hi I have heard about whole life policies before. however I am from the UK and when I tried to sort one out for myself and family. I hit a brick wall. Do you know where I could go to get one or can I get one from the US even though I live in the UK?
Do you have any videos showing how to pay expenses with a line of credit? I guess what I really want to know is...Can all expenses be paid with a LOC? (Are there extra fees involved?)
After falling from740credit I’m back680 should I be able now to get loc from my bank:I got a co-own a home with my daughter s name and im not able to get or do anything with that😂but im going to do it either way:who do I go to get the right insurance?
Whole life is not worth it, just get a term life insurance policy if you need it and invest extra money in low cost index funds, personal finance is supposed to be fairly simple, not complicated. If you don’t understand it, don’t do it.
I think the value is more along the lines of finding a way to put cash to work without having to freeze it up. So for some people this might work great, for others yeah if say sure, but things that seem complicated aren't to certain people that are more into it, but for most people, I agree with you
I have some personal questions. How is it that I can talk to you or tell me where I can get an email. I have questions. I don't want to put on the system here. But I will tell you that I'm retirement age and I'm retired already and I i'd like to have some information more but I don't want to put it on this forum.
You’re missing the secret sauce of how life insurance loans are taxed … they aren’t. You’re taxed on selling your stock / bond positions as earned income unless you take short / long term capital gains. Not the same with life insurance loans against cash value … and beauty is you never have to repay it back, the death benefit covers any outstanding loans. Only drawback is you have to be aware of how much cash value is in the policy so as not to kill the policy by not meeting the premium requirement.
Do people still fall for this infinite banking aka whole life policy sales crap. Yes you are not a financial advisor you are a sales lady who cares for her own commissions. Dividends are not from growth its a refund of excess charges. WAKE UP PEOPLE
Yes these videos are beneficial. I'm 48 hours in with my PLOC. Already made a mive that boosted my credit score by 13pts overnight. Just a few pts shy of 800.❤❤❤
I have this and use it to purchase real estate to avoid amortizing my loans. It's not for everyone, but if you learn how to use it, it is incredible.
can you please explain a little more
thank you
@@happyday1060 Typical like any insurance policy you will have to qualify which considers preexisting conditions. A nurse will come to your house and provide a physical. You will get a policy that incorporates a cash rider, which grows as you pay your insurance ea. month. Once some cash has built up you can with draw it as a loan at a set rate by your insurance company not effecting your insurance cash rider growth rate. Mine is 5% while home loans are 6 or 7% right now. Then the rest is math. Will my investment net me more than a 5% return. Being that the loan from the whole life is not amortized you pay an upfront interest rate for the year and the following year you will do the same but only on what you have not paid back or your current balance.
I just had a AHa moment!!!! If the banks get rich off our deposits and we take that away from them and become our own bank with a Life Ins policy then we will become wealthy off ourselves!!!!
...until they change the laws....which they will when enough people do this.
@@aking-on6ejThe rich have been doing this for many many years.
You are one of the few people I've seen explain it without fluff, simply and clearly. I greatly appreciate you!
You're a special lady, Christy....thanx for sharing w/ us !!
Would you recommend setting up the policy for infinite banking first then start velocity to pay debt off or vice versa? Thank you so much for doing what you do. You're proof one person truly can make a difference in other people's lives.
🙏 Amen to that!
We love Christy !!! ❤
Can you please do a video about how you use a heloc/ploc in conjunction with infinite banking? Thank you for all you do. I have raised my credit score over 100 points in less than 2 months with your advice. My score is 716 now. I was 587. I should be debt free in about a 1 year. No extra income. Just reordering my finances with a heloc. Keep spreading your message!
Good question! I agree and think that would be a useful video to help on the journey to financial freedom!
Can you explain more about how to get started with infinite banking?
Step 1 - Create Your Infinite Banking Structure: Acquire a participating Whole Life policy from a mutual insurance company as your main banking mechanism. This policy will serve as your primary means of managing your finances and building wealth.
Step 2 - Seed Your Infinite Banking Whole Life Insurance with Reserves: Fund your policy with premiums to seed it with reserves. This initial investment will help build the cash value of your policy, which can be used for future borrowing and investments.
Step 3 - Funneling Cash Flows Through Your Infinite Banking System: Contribute premiums regularly to maintain and grow the cash value. The insurance company will credit guaranteed interest and non-guaranteed dividends to your policy. You can then borrow against the policy for strategic investments or major expenditures, while the entire cash value balance continues to earn interest and dividends.
Step 4 - Managing and Repaying Loans: Use the borrowed funds for your desired purposes, and then repay the loans from your maturing investments or monthly income. This repayment process increases your future borrowing capacity and earns tax-sheltered compound interest on an increasing balance while paying simple interest on a decreasing balance.
Step 5 - Ongoing Cash Flow Management: Continuously manage your cash flows to and from your infinite banking policy, ensuring that you maintain a balance between borrowing and repayment to maximize the benefits of the strategy.
Step 1 - Create Your Infinite Banking Structure: Acquire a participating Whole Life policy from a mutual insurance company as your main banking mechanism. This policy will serve as your primary means of managing your finances and building wealth.
Step 2 - Seed Your Infinite Banking Whole Life Insurance with Reserves: Fund your policy with premiums to seed it with reserves. This initial investment will help build the cash value of your policy, which can be used for future borrowing and investments.
Step 3 - Funneling Cash Flows Through Your Infinite Banking System: Contribute premiums regularly to maintain and grow the cash value. The insurance company will credit guaranteed interest and non-guaranteed dividends to your policy. You can then borrow against the policy for strategic investments or major expenditures, while the entire cash value balance continues to earn interest and dividends.
Step 4 - Managing and Repaying Loans: Use the borrowed funds for your desired purposes, and then repay the loans from your maturing investments or monthly income. This repayment process increases your future borrowing capacity and earns tax-sheltered compound interest on an increasing balance while paying simple interest on a decreasing balance.
Step 5 - Ongoing Cash Flow Management: Continuously manage your cash flows to and from your infinite banking policy, ensuring that you maintain a balance between borrowing and repayment to maximize the benefits of the strategy.
don't. it's a scam. designed for insurance agents to make a lot of money not you.
Im already in the process!❤ and yes, i told them, i learned about it from you😊
I have two whole life’s. I use them like you explained. I just didn’t know all of that which you mentioned. Thank you! ❤
Thanks for your time and all that you are doing to help us. God bless you
I’m so happy you did this video! I’m very interested in this! I need more information so this is perfect
I am going for this after I get down the V-Banking. I can't wait.
God Bless You. Thank you for sharing your talents and empowering people 🙏
Please more of this!!
Another mind blowing video.I have heard about the self banking deal. And never understood it. I am still fussy but I see what its about a now.I need more clarification.But Vanntastic,u are a game changer
Just make sure you take out a Whole Life Insurance policy. I specifically asked the agent to get that for us but she got us Universal (UL) policy instead. You can still borrow against it but the CV it earns is not fixed, it depends on the market. So pls pls avoid our mistake. Whole Life is more powerful. If agent pushed flexi monthly premium that’s not Whole Life.
I just checked my policy from 2021. It is Universal, not Whole Life. Gonna look into this.
Seriously!!! Years ago an agent with LNL sold my grandfather a paid up policy. Guess what, that was BS, it was NOT, paid up…. Years later it was a universal life policy made with just an up front payment…. GUESS WHAT!?!??, the low interest rates over the years sucked out all the cash value paying for insurance costs, that the policy lost ALL the value and we got a lapse notice, but decades before he was told that it was paid up.
I'm getting started today
How do u start infinite banking. I’m a little confused
You definitely are special..❤❤
please more information how to start baby steps 😊
do more on this please
So good to know this
I found an IBC reference in the 1943 Sherlock Holmes film Femme Fatale (there's a free version on yt) this movie was made before the banking propaganda erased a common practice.
Where do you go to start Infinite Banking? Life Insurance Companies? Whole Life, etc.
Does this come with a debit card? Ease to use in collaboration with PayPal, Venmo and further?
Everything she says or things that I’ve always thought my whole life through. Being a single mom raising a daughter one $15,000 a year you’re forced to live off the radar so to speak
Very informative how do I get started?
go.oncehub.com/IBCStrategyDiscussion
Is this meeting is one on one, or is a group to learn more ? Can I ask questions? Thanks
Step 1 - Create Your Infinite Banking Structure: Acquire a participating Whole Life policy from a mutual insurance company as your main banking mechanism. This policy will serve as your primary means of managing your finances and building wealth.
Step 2 - Seed Your Infinite Banking Whole Life Insurance with Reserves: Fund your policy with premiums to seed it with reserves. This initial investment will help build the cash value of your policy, which can be used for future borrowing and investments.
Step 3 - Funneling Cash Flows Through Your Infinite Banking System: Contribute premiums regularly to maintain and grow the cash value. The insurance company will credit guaranteed interest and non-guaranteed dividends to your policy. You can then borrow against the policy for strategic investments or major expenditures, while the entire cash value balance continues to earn interest and dividends.
Step 4 - Managing and Repaying Loans: Use the borrowed funds for your desired purposes, and then repay the loans from your maturing investments or monthly income. This repayment process increases your future borrowing capacity and earns tax-sheltered compound interest on an increasing balance while paying simple interest on a decreasing balance.
Step 5 - Ongoing Cash Flow Management: Continuously manage your cash flows to and from your infinite banking policy, ensuring that you maintain a balance between borrowing and repayment to maximize the benefits of the strategy.
I also had to get a physical to apply btw. I also have a disability rider too. I’m an independent contractor so this is key.
Just remember that all that cash value and much more used to be after-tax cash in your pocket, but you gave it all to an insurance company. Now if you want "access" to it you need to take out a loan and pay interest to the insurance company. You wouldnot tolerate it if a bank did that. Why would anyone think it acceptable for an insurance company to do that?
got it
I have an IBC policy, which has been in force for 4 years now. The loan amount available on the policy is enough to pay off all my CC debts and leave me with only $5K. Would you recommend that I take out that loan to pay off all my CCs and then just pay back the policy using the velocity banking strategy for everyday living expenses? What are your thoughts?
How does one qualify for the life insurance especially if I am in my late 50s with some health issues? Thank for providing so much value in your videos
I need to know this too
Take out a policy on a child or relative who is young and healthy. As long as you are the policy holder you can use the cash value to be your own banker.
@@jimc778 JimC would the person need to sign the policy? In my case my children are young adults and may find this a bit odd
Great videos on this channel! I have a question about IBC and paying down debt. If you have start a IBC and have 70k in debt, then get a big payday that is 70k is it better to just wipe the 70k credit cards out or put in IBC then draw it back out and wipe out the card? and if you did the IBC way you still have debt. or am I missing something? thank you for what you do!
Interested in this
The only people who get wealthy with infinite banking is the insurance agents who sell the policies.
It pays dividends? Like a stock? Can someone explain a little on that? Thanks
I live in New Zealand is it possible to purchase whole of life insurance if you live outside of the US? These policies are not available in New Zealand from what I have briefly investigated.
What if we can't afford the classes to learn this way of banking? Can you do a video explaining how to get started for us poor people. Thank you. 🙁
She has many videos just search her name and subscribe.
God bless you...
You can no longer get whole life policies in Australia, what is the best alternative option?
I been seen your videos feeling 😢bad but I need to action I got too much bad debt😢❤😂but I’m hopeful
I enjoy your channel, I know you are a believer and trust you wouldn’t promote something that was a scam, but Dave Ramsey really speaks against this method saying you are over paying and that is why it is tax free, and you are basically paying them 5% on your own overpayment. It makes me leary! Thoughts? Thank you!!!
Can you borrow from your 401K? Are you not over paying if you can't access your own money? Not to mention tax free growth. To me it's the most flexible. Lastly it functions as 401K, 403B, Roth, Pension, Emergency Fund on and on in one vehicle. Have a great day.
HI, can I do velocity banking with Personal loan ?
No. It requires a LOC because the LOC allows you to park your cash flow in the LOC. Pay and borrow. Unlike loans that once paid the money is gone. Have a blessed day.
@@Jesus-kt5dc thank you
Would u recommend someone getting this type of insurance if they're plan on retiring in about 15yrs?
Not only yes, but even more reason if you plan on retiring in 15 years. Might not have to wait 15 years. Look up Donnell Stidhum Self Directed, such a great channel.
The only value proposition for most people here is if you have beneficiaries like children and/or a spouse that can benefit from the policy after you die. If you're just using it to build up cash value to take loans against to then repay at interest then take loans against in in the future then it's basically acting like a secured credit card that doesn’t have any rewards points.
Suggestion: Add semi-monthly pay frequency for those getting a check starting on the 1st and 15th/16th or 15th and last day of the month. I've had both types of pay from a couple of employers. Some folks don't realize the semi monthly is not the same as bi-weekly and it drives me crazy lol
Income is always income no matter the frequency. Expenses are always expenses no matter the frequency. How YOU use the process to make your money work for YOU is velocity and once your debts are wiped out, Infinite is the next step
@@astikennel Highly aware. I think we all know that income is income.
@@DarknessFalls29 I beg your pardon, your comment seemed inane and in need of a directional response.
@astikennel And I responded accordingly. Now, calm down. Get yourself together.
@@DarknessFalls29 🤣🤣 I'm not the one with the problem
Where’s the links to the information
What policy? An insurance policy? Did that part skip over?
Yes, insurance policy. Have a blessed day.
Dave Ramsey!
Hi I have heard about whole life policies before. however I am from the UK and when I tried to sort one out for myself and family. I hit a brick wall. Do you know where I could go to get one or can I get one from the US even though I live in the UK?
How can I partner with you? I have an insurance Agency.
Do you have any videos showing how to pay expenses with a line of credit? I guess what I really want to know is...Can all expenses be paid with a LOC? (Are there extra fees involved?)
She has plenty of those
@@EGGINFOOLS can you link one please
Can you recommend a good company to get one of these special policies from?
INFINITE BANKING CONCEPT
moneyschoolrei.com/christy
After falling from740credit I’m back680 should I be able now to get loc from my bank:I got a co-own a home with my daughter s name and im not able to get or do anything with that😂but im going to do it either way:who do I go to get the right insurance?
how is this going to work with the CBDC'S
can’t find the link
@happyday1060 go.oncehub.com/IBCStrategyDiscussion
0:04 - "Vanntastic Financial Coaching"
1:19 - "I am not a financial advisor."
Miss, please delete your channel.
A coach is not the same legally as an financial advisor. Huge difference.
Whole life is not worth it, just get a term life insurance policy if you need it and invest extra money in low cost index funds, personal finance is supposed to be fairly simple, not complicated. If you don’t understand it, don’t do it.
I think the value is more along the lines of finding a way to put cash to work without having to freeze it up. So for some people this might work great, for others yeah if say sure, but things that seem complicated aren't to certain people that are more into it, but for most people, I agree with you
I have some personal questions. How is it that I can talk to you or tell me where I can get an email. I have questions. I don't want to put on the system here. But I will tell you that I'm retirement age and I'm retired already and I i'd like to have some information more but I don't want to put it on this forum.
You’re missing the secret sauce of how life insurance loans are taxed … they aren’t. You’re taxed on selling your stock / bond positions as earned income unless you take short / long term capital gains. Not the same with life insurance loans against cash value … and beauty is you never have to repay it back, the death benefit covers any outstanding loans. Only drawback is you have to be aware of how much cash value is in the policy so as not to kill the policy by not meeting the premium requirement.
What aspects of her info her are “complicated” compared to your suggestion of a “term life ins policy”???
Do people still fall for this infinite banking aka whole life policy sales crap. Yes you are not a financial advisor you are a sales lady who cares for her own commissions. Dividends are not from growth its a refund of excess charges. WAKE UP PEOPLE
Please contact me I want to be my own bank please help me get off ssi disability and escape poverty
I am going for this after I get down the V-Banking. I can't wait.
I am going for this after I get down the V-Banking. I can't wait.