Infinite Banking is made more complicated than it needs to be. Infinite Banking can be misleading and there are a lot of people talking about how you can get rich using Infinite Banking. In this video, Chris breaks down the difference between a whole life insurance policy that is properly designed and Infinite Banking.
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📖 Chapter Timestamps Here ⏰
0:00 Intro to The Infinite Banking Concept Simplified
1:30 Infinite Banking Is More Than A Whole Life Insurance Policy
3:15 Focus On Financial Efficiency
5:05 Dave Ramsey vs Average In Debt American
6:15 The Problems With Using Debt
8:20 The Problem With Paying Cash For Everything (Dave Ramsey)
11:00 Understand Opportunity Cost To Make Better Financial Decisions
13:40 When Does A Whole Life Insurance Policy Become Infinite Banking?
16:00 You Won't Get Rich Buying Cars
18:00 Cashflow Hacking is Using Infinite Banking to Buy Cash Flow Assets
20:00 Learn How to Design Infinite Banking Policies
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VALUABLE CONTENT TO CONTINUE THE EDUCATIONAL JOURNEY:
How To Properly Structure A Whole Life Policy
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Indexed Universal Life vs Whole Life - Which is Better
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🤔 ABOUT LIFE180 😃
Chris Kirkpatrick launched LIFE180 as a solution to a problem. As the director of business development for a Fortune 1000 life insurance / broker dealer, he became disenchanted with the financial industry because of the lack of education provided to clients and how "financial advisors" were really just glorified sales people.
So... LIFE180 was launched to help give relevant financial education for people to create wealth. Along the journey, LIFE180 has evolved. Chris quickly realized he was passionate about not just helping entrepreneurs on how to leverage their money, but how to build their businesses.
Over the past 5 years, Chris has spent thousands of hours mastering the art of online business development for himself and clients. In 2020, LIFE180 morphed into a full service online business launch and development agency. If you need any help creating more revenue or generating more leads online, LIFE180 can help.
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*All content in this video is for educational purposes only and is not to be interpreted as personal financial advice.
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