Dave Ramsey Says the Infinite Banking Concept is a Scam!
Jason and Kyle break down Dave Ramsey’s recent video attacking the Infinite Banking Concept. Tune in to find out what Dave got wrong and right about the IBC.
Points discussed:
1. Are dividends good or bad?
2. Who's money are you borrowing?
3."The Infinite Banking Concept is old school whole life done poorly." -Dave
4. Your cash values all die with you, they (insurance companies) only pay the face value.
5. Mutual life insurance companies are high price and uncompetitive.
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