What Is The BEST Way To Fund Your Infinite Banking Policy?

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  • Опубликовано: 28 авг 2024
  • On todays Wealth Webinar Chris Naugle and Craig Yenni discuss the Infinite Banking Concept (IBC) which allows you to become your own bank, take control of your money, and create a legacy for your family. Craig gets into the numbers of a specially designed whole life insurance policy to show the difference between funding the minimum required versus the normal amount chosen. He compares these policies to find out the best and worst case scenarios for the policy owner if they were to not be able to fully fund the policy. They explain how to use an Infinite Banking policy to pay off debt and lend money for real estate investments to create passive income.
    To get started with your own Banking Policy, just like the wealthy do! Follow these steps... 1️⃣ 2️⃣ 3️⃣ ...
    👀 Watch the 90 Minute Webinar on the Infinite Banking Concept: moneyschoolrei...
    Once you get through that you'll be promt to book a call with our team 🤙📲 , which you can also do here: mentors.beyour...
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    #Cashflow #banking #money #creativefinance
    DISCLAIMER. The information presented in this video is for educational purposes only and should not be taken as investment advice. Investing involves risk and any decisions made based on the information presented in this video are solely your own responsibility. We encourage you to do your own research and consult with a financial professional before making any investment decisions. We do not endorse any particular investment or investment strategy, nor do we guarantee any specific outcome or profit. Past performance is not indicative of future results and investing involves the risk of loss. Thank you for watching and we hope you find this video informative and educational.

Комментарии • 108

  • @myleneballesteros8164
    @myleneballesteros8164 10 месяцев назад +11

    You’re such a great motivator , speaker and you make sense a lot ..that’s why I subscribed ! Thanks for your hard work!

  • @talltaels
    @talltaels 10 месяцев назад +10

    Incredible value. Been following along for a few months. Going to be opening up a policy with my brother and employing IBC at the start of 2024. Thanks for all you guys do!

  • @JudyChilds-fu4em
    @JudyChilds-fu4em 2 месяца назад

    I'm here, this is your discovery/reveal... Thank you for sharing. I'm so excited about this ❣️✌️🥰💞💞💞

  • @DanKohan
    @DanKohan 10 месяцев назад +6

    The concept of infinite banking is fascinating, and I appreciate the reminder that success often comes from doing what others are unwilling to do. Thanks for sharing this valuable insight!

  • @TheCkwalli
    @TheCkwalli 9 месяцев назад +3

    You guys are great teachers. Wishing i would have gone though you guys on my policy.

  • @jamiemcquiston9898
    @jamiemcquiston9898 7 месяцев назад +1

    Wow! Much to learn and soak in! I wish I had 123k a yr for 7 years to put into a policy but I don’t.

  • @northupupgrages09
    @northupupgrages09 5 месяцев назад

    Here to learn along with you!! Thanks!

  • @dorianjaynesbey4812
    @dorianjaynesbey4812 Месяц назад

    Love the numbers

  • @steveezard8859
    @steveezard8859 6 месяцев назад

    I just learned your from Buffalo!
    Great! I can't wait to hook up with yall!
    I'm just south of Rochester, I heard of this tactic 20 yrs ago, however unfortunately I didn't understand pau, and neither did the brokers I used...
    So, I have been doing the best I can with 1 policy for 20 yrs now, but I would REALLY like to get together with you guys and create several more policies!!

  • @sammansfield4107
    @sammansfield4107 Месяц назад

    I am willing.

  • @MalaShanmugam-rj9lu
    @MalaShanmugam-rj9lu 9 месяцев назад +1

    Hello Chris, and your friend thank you for Sharing information. How
    Do I own a Bank. How much money to get started. Where I could started in Austin, Texas. What is the minimum money to get
    Started. Is this legal.

  • @DoctorSlye
    @DoctorSlye 10 месяцев назад +1

    Great one brother!

  • @dovelyden
    @dovelyden 7 месяцев назад +2

    I opened a New York life whole life policy when I was still figuring out this infinite banking concept and I’m not sure I set it up correctly. I have paid up additions-are you saying that any paid up additions I do in the first year I can use?

  • @KILLJOYNWA08
    @KILLJOYNWA08 6 месяцев назад +1

    Dude I love numbers ❤😅

  • @MichaelNorthThe_Atom
    @MichaelNorthThe_Atom 8 месяцев назад +1

    How soon do you have to pay your loan back to the policy once you take money out? Is there no time frame? How does that work? Are there penalties?

    • @rythmicwarrior
      @rythmicwarrior 7 месяцев назад +3

      There are no penalties per say, but the insurance company charges a small interest fee on the loan. The loan you take out comes out of your death benefit. Think of it as an advance on your death benefit. You don't have to pay it back, however it will accrue interest and will be paid back upon your death before your beneficiaries receive the death benefit.

  • @bryanemerson5619
    @bryanemerson5619 8 месяцев назад +2

    Would it be beneficial to pull out $100,000 in a HELOC and open a whole life account? Would it gain the 80-90% per year?

    • @toxicmasculinity6246
      @toxicmasculinity6246 8 месяцев назад +3

      No. Whole life policies are bull$#!t
      Do your own research and run the numbers.

  • @christophorthompson9268
    @christophorthompson9268 Месяц назад

    If the cash value of policy is greater than death benefit will beneficiary get the cash value or just death benefit?

  • @solarjudgement4575
    @solarjudgement4575 2 месяца назад

    Paying a large sum up front then small deposits after is good if you cant afford that large sum consistently but want the usable cash immediately. So say you only have $200 cashflow to pay monthly but up front you pay $10,000. You then have around $5000 usable funds.

  • @stephzinsmeister662
    @stephzinsmeister662 17 дней назад

    What are the cons?

  • @elanshift6280
    @elanshift6280 7 месяцев назад

    This is excellent

  • @Stardust12397
    @Stardust12397 8 месяцев назад

    Whats a good one to open in the uk. Leaving for kids is not necessary for me. Just for life management.

  • @Craig_Parsons
    @Craig_Parsons 5 месяцев назад

    Why do I have to use IBC to invest the interest from the loans. I can put it into many interest paying accounts

  • @subjectmatteramateur16
    @subjectmatteramateur16 8 месяцев назад +3

    You show the cash value (which is cumulative) and call that your growth, but then only show the yearly outlay, then you call it “cash on cash return”. This is very shady and you know it.
    Why don’t you show the cash outlay divided by the cash value of the policy after 10 years?

    • @rythmicwarrior
      @rythmicwarrior 7 месяцев назад +1

      He also obfuscates the most important details of using a whole life policy for ibc with a huge word salad....probably because he is in the business of "setting up" these policies for people. Wouldn't be a feasible business strategy to share the details necessary to help others do it for themselves.

  • @markschaller9093
    @markschaller9093 18 дней назад

    I am willing to

  • @sheilajolly1875
    @sheilajolly1875 2 месяца назад

    Do I have to have a large amount

  • @zulya98
    @zulya98 3 месяца назад

    Anyone can explain the difference between this insurance and the one self dire strategy offer through Yamaha

  • @QuantumHealingTarot
    @QuantumHealingTarot 8 месяцев назад

    Can you take out a whole life for a Roth so you wouldn’t have to worry about gains if you ever surrender the policy?

  • @melindaburton7967
    @melindaburton7967 10 месяцев назад +4

    I don't make much how do I get started

    • @1245JL
      @1245JL 9 месяцев назад

      Listen to more videos

  • @sammansfield4107
    @sammansfield4107 Месяц назад

    How can I “possibly” start IBC for myself and “maybe” even for my daughter and grandson?

    • @willandwisdom
      @willandwisdom 16 дней назад

      Buy a policy, make your deposits, capitalize on available cash. Treat you policy like a real bank

  • @packrcch
    @packrcch Месяц назад

    at what point do these policies no longer make sense because of life expectancy ? 70?..75?..80?

  • @1jgolfer
    @1jgolfer 7 месяцев назад

    Chris what about those of us that are well into our 60’s retired etc. what would be the limit of how much we could fund a policy for? Seven figures??

    • @1jgolfer
      @1jgolfer 7 месяцев назад

      I was under the impression that there was no limit to the AUM you could have in your bank/insurance policy.

  • @jeffkadlec702
    @jeffkadlec702 5 месяцев назад

    What are the tax consequences if you decide to close this bank?

  • @riaankotze1672
    @riaankotze1672 10 месяцев назад +2

    If I'm not a US citizen, how do I set this up ?

    • @mariolacayo90
      @mariolacayo90 10 месяцев назад

      Aslong as you have a permanent Resident/Green Card with a social security, you can set it up.

  • @MotorCityEastSide
    @MotorCityEastSide 9 месяцев назад

    Is New York Life a good company to set up a whole life policy?

  • @JustfknBill
    @JustfknBill 8 месяцев назад +1

    Please put chapters 😅

  • @jaybanuelos3205
    @jaybanuelos3205 9 месяцев назад +3

    Can I roll a 401k account into a infinite banking policy ?

  • @dave3804
    @dave3804 9 месяцев назад +2

    How much is the dividend, how often is it paid.
    Can you use this to live off of, i.e. retire?

    • @rythmicwarrior
      @rythmicwarrior 7 месяцев назад

      Once per year, and it is relative to the total premium paid in and overall cash value.

  • @paulthomas8668
    @paulthomas8668 9 месяцев назад

    Yes

  • @chlyon
    @chlyon 8 месяцев назад +1

    Hi everybody , I have a basic whole of life policy here in NZ since 1985 annual contributions of $1K new bonus of $1750, So I assume I should absolutely keep this policy ? What can I do with such a policy as to use that money locked up in it $35K ?

  • @ingridroberts-davies3636
    @ingridroberts-davies3636 8 месяцев назад

    Can you work with people who are in the UK, Do you have partners in the UK

  • @Loongrange
    @Loongrange 6 месяцев назад

    Can you share that policy loan calculator?

  • @beverlyhoffman240
    @beverlyhoffman240 6 месяцев назад

    I am willing

  • @rudycastro6502
    @rudycastro6502 7 месяцев назад

    Done

  • @AnthonyClark-wu7fw
    @AnthonyClark-wu7fw 8 месяцев назад

    Will this work in the UK ?

  • @carpentersization
    @carpentersization 10 месяцев назад +1

    Can u recommend a Canadian company for the policies?

    • @TheChrisNaugle
      @TheChrisNaugle  10 месяцев назад

      Yes, reach out to craig@themoneymultiplier.com to get connected with our Canadian partner

    • @carpentersization
      @carpentersization 9 месяцев назад

      @@TheChrisNaugle thanks a ton!!

  • @GTNBY2
    @GTNBY2 8 месяцев назад

    You said you can't buy your car loan interest down like you can on that? Absolutely you can by taking your monthly payment and dividing it by 4 then making weekly payments instead of monthly payments

  • @jordzsharjulzmas1790
    @jordzsharjulzmas1790 9 месяцев назад

    When repaying the loan, does it go back to the death benefit or does it add up to the cash value of the policy?

    • @TheChrisNaugle
      @TheChrisNaugle  9 месяцев назад +2

      The loan principal paid fills your available cash value bucket to use again.

  • @user-ol7tl1vf5m
    @user-ol7tl1vf5m 6 месяцев назад

    8 billion people.
    8 billion devices.
    8 billion financial institutions.
    Can you see the growth opportunity?
    Bitcoin is transforming our world with endless opportunities.

  • @jayfernadez443
    @jayfernadez443 Месяц назад +1

    Hello?
    Can somebody acknowledge

    • @TheChrisNaugle
      @TheChrisNaugle  22 дня назад

      Thanks Jay you can book with someone from the team the link is in the RUclips description, or at chrisnaugle.com

  • @JeetS-gm7nx
    @JeetS-gm7nx 10 месяцев назад +1

    Want to schedule an appointment

    • @TheChrisNaugle
      @TheChrisNaugle  10 месяцев назад

      Reach out to my guy craig@themoneymultiplier.com for a strategy call.

  • @janicesmith8946
    @janicesmith8946 7 месяцев назад +11

    Why do you have to go on snd on and on and on and on. Just say it!

  • @beverlyhoffman240
    @beverlyhoffman240 6 месяцев назад

    Can you find a W L pol for 81 yr woman?

  • @jayfernadez443
    @jayfernadez443 Месяц назад +1

    I

  • @user-vu6ow5il8k
    @user-vu6ow5il8k 6 месяцев назад

    I got a plan! will it work? time all the bills are paid nothing but 100.00 dollars are left, I built a nice shop in an RV but I also need a work shop If I add a work shop ( wood working ) in a 16 to 20 foot trailer about 100.00 dollar a month. I know you said Over 800 dollars is needed for me because I'm over 80 years old. But I also need supplies, lot of plastic to make signs, and still want to add 20,000 in solar system, to the RV. let me know what I can do? also would like to sell you and your people LED neon signs.

  • @julianames311
    @julianames311 8 месяцев назад

    If I'm My Own bank and I pay myself interest , doesn't that mean it still cost me?

    • @ChaseW26
      @ChaseW26 8 месяцев назад

      5% simple interest is what you pay on the loan compared to the uninterrupted compound interest plus dividends on the total casg value of your policy. Makes the 5% negligible.

  • @cailinanderson2638
    @cailinanderson2638 4 месяца назад

    Your examples are always 10K. I love your advice but are you able to maybe offer some insight with 1 - 2 K to start

  • @satguyou
    @satguyou 10 месяцев назад +1

    If I take out a loan on my policy. Dose that loan show up on my credit report??

  • @Jeppm
    @Jeppm 6 месяцев назад

    What if we are running our whole life insurance through a Trust & Trust bank account. Does our W2 income get deposited into our trust bank account which then pays our premiums and loan payments? Or do we just keep direct deposit in a personal bank account and do a wire transfer to our trust bank account?

  • @PlaylistJunction
    @PlaylistJunction 10 месяцев назад +2

    Hey Chris, does money multiplier take on Canadian residents as clients?

    • @9thebigcool
      @9thebigcool 10 месяцев назад +1

      Do you have or can you get a US bank account?

    • @multimeter2859
      @multimeter2859 10 месяцев назад +2

      I think they have a partnership with a Canadian team, since the laws are different.

    • @PlaylistJunction
      @PlaylistJunction 10 месяцев назад

      @@9thebigcool yup but no SSN or ITIN

    • @PlaylistJunction
      @PlaylistJunction 10 месяцев назад

      @@multimeter2859 any idea who its with?

    • @9thebigcool
      @9thebigcool 10 месяцев назад +1

      @@PlaylistJunction No idea for sure, but usually if you have the documents needed for a bank account you can get a life insurance policy.

  • @jairsonfonseca9264
    @jairsonfonseca9264 10 месяцев назад +2

    I want to schedule a appointment

    • @TheChrisNaugle
      @TheChrisNaugle  10 месяцев назад

      Reach out to my guy craig@themoneymultiplier.com for a strategy call.

  • @daniellejones8460
    @daniellejones8460 9 месяцев назад

    Is it safe to say that IBC users don't use banks?

    • @rythmicwarrior
      @rythmicwarrior 7 месяцев назад +2

      No, because you still need to have a bank account to be able to send/receive premiums and loans to and from your policy.

  • @cvzqz64
    @cvzqz64 10 месяцев назад +3

    How much do you make from each of us¿

    • @mariolacayo90
      @mariolacayo90 10 месяцев назад +1

      The insurance companies pays us a commission. Clients don’t have to pay agents out of pocket like you would if you hire a Financial advisor. Even consultations are free for clients, but thats why Chris makes all these videos for people to learn for free!

  • @MotorCityEastSide
    @MotorCityEastSide 9 месяцев назад

    Does the loan charge compound interest?

    • @brichusi
      @brichusi 9 месяцев назад

      Simple

    • @jasonsommer3761
      @jasonsommer3761 5 месяцев назад

      Many people falsly believe it is simple interest, however, it is actually compound interest as any interest not paid off gets added to the loan balance that the interest the following month gets calculated from.

  • @ChurchPointRiot
    @ChurchPointRiot 9 месяцев назад

    I’m 78. Can I start?

    • @TheChrisNaugle
      @TheChrisNaugle  9 месяцев назад

      You can be the owner of a policy where the person insured is a family member or business partner.

  • @Chauwynn
    @Chauwynn 8 месяцев назад

    I am

  • @wompol7117
    @wompol7117 8 месяцев назад

    base plus riders

  • @nikz6613
    @nikz6613 5 месяцев назад

    14:14

  • @danielleking6056
    @danielleking6056 7 месяцев назад

    I✋️

  • @KennethJLavigne-lp2op
    @KennethJLavigne-lp2op 10 месяцев назад +1

    1

  • @hectorjuanquinones4937
    @hectorjuanquinones4937 4 месяца назад

    Bs comming early not getting paid not comming in did that for years never recognized for the effort !!

  • @foodgrowsfree891
    @foodgrowsfree891 Месяц назад

    He talk to much…and this is bad bcuz we come across a lot of talkers with no real results but them trying to sell us their products! Dude keeping things to the point and concise is key unless someone is not getting it then you can go a little deeper with illustrations in another video

  • @bestbuyushomes
    @bestbuyushomes 9 месяцев назад

    An hour and 23 minutes to tell me the best way to fund my bank. Lol

    • @bitKitty
      @bitKitty 8 месяцев назад

      Did did u know all of that already before he took the time to explain it?

  • @gh7829
    @gh7829 6 месяцев назад

    Scams

  • @BuilderInventorMike
    @BuilderInventorMike 9 месяцев назад

    I am

  • @sheilajolly1875
    @sheilajolly1875 2 месяца назад

    I