Chris Naugle

They owe five grand on the visa.

It's 20% interest.

And every month they pay $200 a month to that visa to try to pay that thing down.

If you changed where your savings went from bank to now this whole life, and now we wanted to get smart and pay off debt because that's the best return we can ever get, and some would be like, that's not the best return.

Okay, what if I could guarantee you 20%?

Would you want to know where you could get 20%?

Oh, yeah, yeah, guaranteed 20%.

Where do I go?

Pay your visa off and pay yourself the exact same amount you're paying visa.

You took back and recaptured 20% because you're giving away 20%.

If you pay that same amount to yourself, that $200, you indeed are making 20%.

No ifs, ands, or buts.

Okay, now let's go into infinite banking, what I teach every day in the simplest form.

We start with the whole life policy.

We owe Visa $5,000.

We saved up $5,000 in the policy.

So what we're going to do is we're going to go to that insurance company and we're going to borrow $5,000 from the insurance company.

The insurance company is not going to ask any questions.

They're just going to give us $5,000 because we have $5,000 in cash value in the policy.

So effectively, what the insurance company is doing is they're lending us $5,000 of our death benefit today while we're living.