Infinite Banking: Using Life Insurance to Buy Cars

This chapter discusses a strategy called infinite banking that allows individuals to use a specially designed whole life insurance policy to buy cars. By taking a loan from the policy and reinvesting the monthly payment, individuals can recapture and recycle the money they used to give away.

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Episode notes

Robert Leonard and Chris Naugle talks through the concept of “infinite banking” in-depth.

Chris is an accomplished entrepreneur, real estate investor, and author. He is the CEO and Founder of FlipOut Academy and The Money School, while having also participated in an HGTV show “Risky Builders” with his wife Lorissa.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

07:01 - What is infinite banking?

07:01 - Why it may, or may not, be "too good to be true."

14:47 - How to use infinite banking to get out of debt.

14:47 - Who uses infinite banking successfully right now?

22:39 - How to use infinite banking to build wealth.

And much, much more!

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Chris Naugle on TIP’s Real Estate Investing podcast.
Bauer Financial.
Austrian Economics.
Nelson Nash’s book Infinite Banking.
Chris Naugle’s book Mapping Out the Millionaire Mystery.
Chris Naugle’s book The Private Money Guide: Real Estate Edition.
Thomas Stanley and William Danko’s book The Millionaire Next Door.
All of Robert’s favorite books.

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