Problems with Infinite Banking

In this podcast we are talking about the problems with the infinite banking concept.  

The infinite banking concept is an idea not a product. The infinite banking concept is a way of thinking about money and finance in a way that allows you to keep more of the money you make, grow your wealth and have financial peace of mind. 

Some people think the infinite banking concept is a life insurance policy. Or that a life insurance policy is an infinite bank. It is not. The only reason life insurance is associated with Infinite Banking at all, is because life insurance has tax preferred treatment, gives the owner reasonable growth on their money, provides protection and lets the owner leverage their money without giving up policy growth or guarantees. 

Some big problems we see when people try and get set up with the Infinite Banking Concept are:

• Too big of premiums

• Borrowing to pay premiums

• Borrowing and repaying loans just because

 You can avoid these problems and be successful with the infinite banking concept by learning how it works and implementing it correctly. We will cover that in this podcast too. 

If you have a question about the Infinite Banking Concept, ask your question in the comments, or send an email to [email protected] so we can answer your questions right here in the studio.

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