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Jim called in to debate the concept of infinite banking and the whole-life life insurance policy he bought for his son. #moneytok #infinitebankingconcept #lifeinsurance #wholelifeinsurance #investingtok
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Whole life insurance mixes investing with insurance, and you end up overpaying for both. Term life is simple, cheap, and does exactly what insurance is supposed to do: protect your family if you die. Invest the difference, build real wealth, and quit buying rip-off insurance you don’t need. #lifeinsurance #moneytips #moneysavingtips
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TikTokdaveramsey
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