Dave Ramsey is WRONG about Infinite Banking | Why Infinite Banking is NOT a Scam

Dave Ramsey is WRONG about Infinite Banking | Why Infinite Banking is NOT a Scam

On today's episode, Darren and Christina debunk the infamous Dave Ramsey video on YouTube where he tells a caller on his show why infinite banking is a scam and why this caller should stay away from this type of policy.

Point by point, Darren and Christina dissect where Dave goes wrong in his video and although he is coming from a perspective of being in the United States, as opposed to Canada, much of what he's staying/misleading still applies in Canada. Tune in now and find out why Dave is wrong!

Show notes:

00:00 - Introduction

2:16 - A caller on Dave Ramsey's show asks Dave about Infinite Banking

4:52 - Dave tries to tell the caller that he's being overcharged by the policy

12:05 - Dave thinks infinite banking is "old school whole life" done poorly and thinks they pay out nothing at death

20:20 - Dave thinks the dividend payment is the "refund of a deliberate overcharge"

23:53 - Dave thinks that since these policies cost more than others, it's a ripoff/scam

27:11 - Dave says the only reason these policies exist is for the commission the agent makes selling it

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound

Episoder(251)

What Every Canadian Needs to Know About Passing Down Wealth

What Every Canadian Needs to Know About Passing Down Wealth

Canada doesn't have a formal death tax — but that doesn't mean death is simple or inexpensive. When someone passes away, taxes can be triggered immediately through deemed disposition, and on top of th...

16 Feb 27min

Business Owners: This RRSP Mistake Could Costs You Millions

Business Owners: This RRSP Mistake Could Costs You Millions

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us   Should incorporated Canadian business owners contribute to an RRSP — or is it quietly working against them?   On today's episod...

9 Feb 33min

20 Years in Business: The Truth About Entrepreneurship No One Tells You | Darren Mitchell Spotlight

20 Years in Business: The Truth About Entrepreneurship No One Tells You | Darren Mitchell Spotlight

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us We're flipping the script for this month's entrepreneurial spotlight series and Darren is taking his turn in the hot seat! Entrep...

5 Feb 27min

Markets Up, Economy Down? The Truth Canadians Keep Missing | February Update

Markets Up, Economy Down? The Truth Canadians Keep Missing | February Update

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us Canada's economy feels uncertain heading into 2026 — but are the headlines telling the full story? On today's episode it's the ...

2 Feb 28min

How to Choose the RIGHT Advisor for Infinite Banking (8 Questions You Must Ask)

How to Choose the RIGHT Advisor for Infinite Banking (8 Questions You Must Ask)

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us Choosing the right advisor is the most overlooked — and most important — part of implementing an Infinite Banking or high cash ...

26 Jan 21min

The Biggest Retirement Lies in Canada (And How to Avoid Them)

The Biggest Retirement Lies in Canada (And How to Avoid Them)

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us Most Canadians think retirement is about hitting a number but on today's episode, Darren and Christina break down why that mind...

19 Jan 36min

The Question EVERY Wealthy Family Eventually Faces | The Rockefeller Method | Part 10

The Question EVERY Wealthy Family Eventually Faces | The Rockefeller Method | Part 10

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us Well we've officially made it to the end of our Rockefeller Method Series! This episode closes it all out by bringing everythin...

12 Jan 22min

The Hidden Pattern Behind Every Entrepreneur Who Scales Impact ft. Giovanni Marsico

The Hidden Pattern Behind Every Entrepreneur Who Scales Impact ft. Giovanni Marsico

BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us On today's episode, we're back with our entrepreneurial spotlight series and joining Darren is Giovanni Marsico, founder of Arc...

8 Jan 39min

Populært innen Business og økonomi

stopp-verden
lydartikler-fra-aftenposten
dine-penger-pengeradet
e24-podden
rss-penger-polser-og-politikk
rss-borsmorgen-okonominyhetene
pengepodden-2
tid-er-penger-en-podcast-med-peter-warren
utbytte
pengesnakk
liberal-halvtime
livet-pa-veien-med-jan-erik-larssen
morgenkaffen-med-finansavisen
rss-markedspuls-2
finansredaksjonen
rss-pa-konto
lederpodden
rss-politisk-preik
rss-investering-gjort-enkelt
stormkast-med-valebrokk-stordalen