Infinite Banking Myth: Just Use A HELOC

Myths, Mysteries & Misconceptions #19: Just Use A HELOC
Yikes!
I mean…you could… but…
Who do you want controlling the banking function in your life?
Can you use a HELOC for Infinite Banking? Yes.
Do you own the bank that would possibly give that line of credit? No.
Do you earn dividends from the bank that controls HELOC’s? No.
Do you control repayment of loaned funds with a bank? No.
Do you have guaranteed access to capital via a bank loan? No.
I mean, I could go on (and in fact I do as there is a video on this here) but, you get the idea.
There’s more to this misleading idea than at “face value” (pun intended;)
Let’s clear this myth up!
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[@JesseWDurham]

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