Category: Blog

What Dave Ramsey Gets Wrong About Infinite Banking

What Dave Ramsey gets wrong about infinite banking

Radio host Dave Ramsey Ramsey is a critic of the infinite banking concept, going as far as to call it a “scam” on an episode of his show broadcast at the end of 2020. However, there are a few things that Ramsey misunderstands about the process. This article outlines three misconceptions that Ramsey, and other

Infinite Banking

What is infinite banking? Infinite banking is a financial strategy, sometimes called IBC, or the infinite banking concept, that can allow you to take control of both your savings and your debt needs, helping you become, in essence, your own bank. Did you know that the average American spends 25% to 35% of their income

Broke and Poor: The difference between the two

The Difference Between Broke and Poor

Broke and poor; these words are often used interchangeably to describe someone who doesn’t have a lot of money. However, when you break it down, they really are two completely different conditions. While being rich isn’t everything, income has a large effect on happiness. It’s no wonder why; people who have no money can’t afford the

The 50 Best Rich Dad Poor Dad Quotes

The Most Inspiring Rich Dad Poor Dad Quotes

Ready for the 50 best Rich Dad Poor Dad quotes? We love the Robert Kiyosaki book and have collected some of our favorite quotables here for your enjoyment. If you have never read the book, you can get it here. If you have, see the rest of this post to refresh your memory on some

is Infinite banking a scam

Is infinite banking a scam? Here is the truth

Infinite banking presents an alternative method for those wishing to build wealth. Instead of borrowing from the bank, infinite banking allows you to borrow from yourself on your own terms. However, because infinite banking isn’t widely understood, you might be wondering, “Is infinite banking a scam?” According to estimates, the mean average household debt is now $145,000 in the US.

what is BOLI

What is BOLI?

BOLI or Bank Owned Life Insurance continues to be a popular investment option for banks. As of 2019, in the third quarter, about 3800 banks own $190 Billion in BOLI policies. While BOLI may cover a small part of a bank’s assets, the resulting financial failure from it can be impactful. This short guide will give you

401k

Is 401k an Asset?

As of 2018, 58 million workers in America were actively participating in 401k planning. For many, opening and contributing to a 401k becomes an option through work and while it is often encouraged, it is not always explained. If you have a 401k or are considering opening a 401k, it’s important that you know a little bit

Cash poor mistakes lead to empty wallet

7 Common Cash Poor Mistakes and How to Avoid Them

Do you feel cash poor? The average American between 35 and 54 years old, has around $130,000 of debt. If you’re in this category, it doesn’t mean you’re poor and have no money. Very likely you have an excellent job with a healthy income; maybe you’re a dentist or other high earning professional. However, much of