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Why Would I Want To Borrow Money From Myself? This Makes No Sense!

The Ramsey Show Highlights 88 views

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Thanks for confirming this insane idea
Comment from : @mht281sc

I need money
Comment from : @amataeloho9807

Aside from the amazing personal and inter-generational benefits it possesses, the Infinite Banking Concept is a practical application of sound money economics and a peaceful solution to the enormous problems central banking has caused and still causes today It is rooted in Austrian economics, which dates back centuries at this pointbr brThe commentary in this entire video is innocently ignorant at best, but in my opinion, is just foolish and grossly misleading to the publicbrbrI typically prefer to be as charitable as possible, so I’m reluctant to offer such harsh criticism, but these are people’s lives and legacies at stake - not to mention, the economic well-being of our society at large
Comment from : @BryanWCrute

I never liked Ramsey He plays everything so straight all the time He never moves outside of the box brEXAMPLE: He says NEVER to borrow money from yourself So, is it better to borrow money from a lender and pay them interest & fees when you could borrow from your 401k and pay interest to yourself with no fees? It's not the right thing to do for everybody but there are certain instances when this is absolutely the right thing to do
Comment from : @MrAnthonyC

My PC couldn't even believe this guy asked the question and stopped playing the video for 15 seconds after the question
Comment from : @fhuber7507

Sheesh dave almost sold me one of those life insurance policies, they sound real good
Comment from : @unnamedchannel1237

Don't go in the tiger cage o my god! 😆😆😆
Comment from : @macummings7818

Just open a vangaurd account and load up on the ETFs VOO, VIOO, VO, VGT, MGK, VAW and good dividend growth stocks like Home Depot, Visa, brCostco, target 🎯
Comment from : @wread1982

Dave is so dumb lol
Comment from : @abbott5580

You borrow the life insurance companies money, your money stays in and grows between 4-5 YOU DON'T BORROW YOUR OWN MONEY!!! UGGGGHHH
Comment from : @6040adam

Shout out to your sponsors huh Dave? Fkn clown 😂😂🤡🤡 Dude on his right holds Dave’s belt loop while his wife pegs him
Comment from : @MichaelDominguez25

At that point why not just borrow from an investment portfolio?
Comment from : @zacht9805

Funny he doesn’t mention non-direct recognition - a minor detail that crushes his views of this
Comment from : @nealsmith4599

That voice Ramsey did sounded exactly like Garfield 4:12 Tell me I’m wrong
Comment from : @outofthebox9913

"why would you want to borrow money from yourself?"brbrTo avoid taxes Full stop Thats it Thats the point Don't act confused
Comment from : @RandomUserName92840

Dave, go solo!!!
Comment from : @amberslilrose3954

Did you guys skip reverse mortgages?
Comment from : @Longjohnsilver58

I swear Ramsey has people call for this 😂
Comment from : @jessehoward216

No, you're giving people bad advice because you keep telling them to buy mutual funds You're totally right about whole life insurance and debt is bad stuff
Comment from : @cosmiccoffee8497

😂😂😂😂 I used to work for a timeshare company
Comment from : @susieblanco2722

DAVE RAMSEY STRONG🇲🇽🇺🇸🇲🇽🇺🇸🇺🇸🇺🇸🥇🇲🇽
Comment from : @juanelos

😎👌🖖👍✌😁
Comment from : @johnmirbach2338

Heh As soon as he said "whole term life insurance" I knew this would be fun
Comment from : @mattcrouch9348

It's robbing Petter to pay Paul no thank you
Comment from : @kimberlybutler88

That's why I got out of insurance sales
Comment from : @kimberlybutler88

What a stubborn man Is he ignorant or an idiot? He said it right at the beginning He is doing better than he deserves When you take a loan from an insurance company, you do NOT BORROW YOUR OWN MONEY! You borrow the insurance company money with your money as collateral!
Comment from : @soundmoneyfinancialsolutio3186

6:31 when your boss makes a joke
Comment from : @gb510

South Park warned me about timeshares
Comment from : @ThePatriots010304

"Mental gymnastics" :)
Comment from : @webfreakz

“Self-banking” sounds like an oxymoron
Comment from : @alcredeur

Shredded Clear and concise dismantling of the whole life as a savings vehicle argumentbrbrJust treat whole life like a really long term policy, and stay away from gimmicks Term is what you need to protect dependents for 20-25 years, security beyond that should come from the investments you've made over that 25 year period - with the money you didn't waste on whole life
Comment from : @ICantSpellDawg

HEY RAMSEY!! ANDY SHECTMAN HAS A MESSAGE FOR YOU ON ''SNAFU RADIO''!!!
Comment from : @batmanrobin3166

If they borrow money to put into amc they would be millionaires
Comment from : @pitbullboxing5

Only protection I get is on laptop, iPad and tv worth it if accident happens or it stops working Just because it's new doesn't mean it can't suddenly stop working
Comment from : @MrJay197409

I borrowed from my 401 , payback was 45
Comment from : @sirlucius3016

I like you
Comment from : @davidmilhouscarter8198

I just bought a whole life insurance policy and a time share for this summer What? Is that wrong?
Comment from : @dan_ferritto_REAL_broker

Plus, there's the fee they charge every year for managing your own money
Comment from : @jonnaborosky8836

Iso financial advisor for hefty lawsuit you're the only person I can trust unfortunately
Comment from : @brooklynnestewart274

I have a hilton timeshare and I love it
Comment from : @MyOzempicJourney

Yeah why wouldn’t you put money into a Roth IRA 🤣
Comment from : @jasonphillips3796

Dave is hilarious 😆
Comment from : @elsaj1764

Let me ask Dave the genius a question Is your home equity your money? The answer is No because you have to borrow against the collateral in your home to get the money unless you sell the property It’s the same thing with cash value life insurance The life insurance lets you borrow against the collateral in your policy because they know you are good for the money because they underwrote you for life insurance
Comment from : @allanbartlett123

Buy term at age 65 and see how much it is
Comment from : @teeduck

Tiger cage I will think about that one next time I get put on a financial contract
Comment from : @snapos6115

Whole Life Policy: if he is asking he must have never listened to Dave for more than 15 seconds 😆
Comment from : @stevenporter863

I went to a timeshare presentation once, and they're definitely scummy If you aren't ready to do the math yourself with a good understanding of investing, compound interest, and all, they can be pretty convincingbrbrThey also offered a completely ridiculous interest rate if I financed it (I think they offered something like 15) They said I could easily refinance with another bank later, which is a complete lie
Comment from : @user-bc7cb8uu7e

Can't wait for all the comment from whole life agents Bank on yourself 🤣🤣🤣
Comment from : @BunkMasterFlex77

Ramsey on a Rant I love it !!!!!
Comment from : @elchapojr6219

“Back when I had hairbrthey were scummy” lol🤣
Comment from : @jasonchunn4697

Whole Life and Universal Policy is way too expensive
Comment from : @elchapojr6219

I really wonder who puts thumbs down
Comment from : @Raistlinsdragonclaw

How about the car extended warranty spam callers?
Comment from : @dans3718

Absolutely fantastic
Comment from : @NomadicHacker

When are people going to realize how stupid whole life insurance is 🤷🏻‍♂️🤦🏻‍♂️
Comment from : @dadstruggles

Dave: "No one as greedy as a time share person"brMe: "browsing shitcoin forums"br"Whats a time share?"
Comment from : @corporalcrypto7978

Whole Life isn't an asset that is economically beneficial for the middle and lower middle class (Ramsey's audience) Most of his advice is for people that have zero economic intelligence and not much money
Comment from : @panchodelaverga8929

Howcome whenever these people always talk about Whole Life Life Insurance, they are always talking about the cash value but they aren't talking about the fact that the death benefit and premium are locked in for life and never change?
Comment from : @markbazikian