MI Rewind: Infinite Banking with Chris Naugle
The Intrinsic Value Podcast - The Investor’s Podcast Network
Using Infinite Banking to Get Your Money Back on Car Purchases
By utilizing the strategy of infinite banking, you can effectively get all the money back for every car you purchase. Rather than paying cash, leasing, or taking a loan from a finance company, you can save money in an infinite banking policy for three years, then take a loan to buy the car. Instead of making payments to an external finance company, you make payments back into your banking policy, effectively paying yourself first and with interest. Over five years, you can recapture 92% of the cost of your first car and all the money for subsequent cars. This method allows you to have more money in your account each month, recapture money that you used to give away, and continuously earn interest on your money, leading to significant financial benefits.
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