The SECRET Asset Class of the Wealthy | The PROS and CONS of Infinite Banking
Control and Compound with Darren Mitchell · Control and Compound Financial | BNV Media
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Show Notes
On today's episode, Darren and Christina are breaking down the high cash value participating whole life policy and how the wealthy use it as an asset class. They go through the pros and cons of using the infinite banking strategy and break down what it looks like using a fixed income investment vs. the participating whole life. Tune in now!
Show notes:
00:00 - Introduction
2:15 - Designing your portfolio like the wealthy do
4:10 - The PROS of a high cash value participating whole life policy
13:45 - Example of a GIC (fixed income investment) program vs. participating whole life
21:50 - The CONS of a high cash value participating whole life policy
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