CitricAcid
Full time employment: Posting here.
- Joined
- May 12, 2008
- Messages
- 546
I am a good detective, it was so hard to tell that he was a salesman/spammer... I could do this for a living!
Well, this seminar sounds like a wonderful opportunity to slake your thirst for knowledge. You'll have to let us know what you learn. I doubt that we can help you with that from here because the organization probably thinks we aren't smart enough to understand its brilliant financial maneuvers without a seminar.
It makes me wonder why they need to flog free seminars instead of just quietly making their own gazillions and retiring, but I've met entrepreneurial benefactors before who "just want to give back to the people."
Maybe people could test the "personal banking" concept by borrowing from their 401(k)s and charging themselves 110% interest. Their money would double every year. They'll be rich!!
Maybe I am asking for it....but I've been reading this and other similar threads about the IBC.
I am a financial adviser who uses Infinite Banking and teaches it to other individuals and businesses. Some of what is being said here is half-true, but a bit misleading.
Maybe I should ask...are there any specific questions?
No flaming please.
am a financial adviser who uses Infinite Banking and teaches it to other individuals and businesses. Some of what is being said here is half-true, but a bit misleading.
Maybe I should ask...are there any specific questions?
Probably the biggest thing an adviser or insurance agent has to contend with is the weird fact that people want to work with successful advisers, but they also don't want to pay them anything for it and they expect them to give away the best investment and financial planning advice in the world.
I hope you have a flame retardent suit.... because you will need it is you think that almost anybody on this board needs some advice from you... most are very successful and 'rich'... and do not have financial advisors... in fact, a few here ARE financial advisors but are not here to sell 'snake oil'...
IIRC, I asked a few questions in this thread that were never answered by the previous spammer.... why don't you give it a shot and let's see what you come up with....
But, if you keep trying to sell something... you will be gone by month end...
I
Does your job largely consist of doing internet searches for 'infinite banking' and swooping in to enlighten the heathen?
As they used to say: "Boy did you get a wrong number."
Maybe for you. My experience is that there are a fair number of folks that think they can get something for nothing.
annuities are bad, FA's are bad
Post a photo of your yacht and airplane and I'm all ears.
Better still, post some photos of your customers yachts and airplanes. Since they're getting the best investment and financial planning advice in the world they've gotta all have at least one of each, right?
You should too being that you are all so smart and sophisticated in this forum.
The only BAD (and I mean really BAD) financial investment I ever made was a "flexible whole life insurance policy " I got into on advice of an "Estate and Financial Planner" affiliated with Lamar Life about 10 years ago. They were subsequently purchased by Conseco, and in the changeover, Conseco conveniently quit taking my direct deposit premiums on the policy, which I had authorized when the policy was opened and never changed. After several missed payments (I was in the midst of a divorce, commuting between the US and Europe on business, and wasn't paying close enough attention to what I thought was automated banking- and I never received an overdue premium notice from them...) they declared the policy in default and informed me that I had forfeited the "guaranteed cash value" and the insurance coverage.. Their customer service was disgraceful;it was obvious to me they had deliberately defaulted the policy and raided the cash value. Cost me several thousand bucks, so I am absolutely gun-shy about any kind of "insurance" with prefixes of any kind. NEVER AGAIN !
The mantra of the board is there's no free lunch... followed closely by annuities are bad, FA's are bad, and you can do it yourself. The last three aren't shared by everyone and most of us even like some FA's as long as their moderators and some of us own annuities.
Most people are more interested in getting their asset allocation right and shaving a tenth of a percent off of their expense fees. And enough people come through trying to sell stuff that there's a bit of a hesitency when someone does come through claiming to not want to sell anything.
Well there you are and the hard part this dclewis fellow will have is convincing financially savvy people that non core insurance products are valuable.
Certainly where there is good chance of a loss as in a car accident, potential for major unrecoverable losses as in a house fire, or where you have dependents that would suffer greatly due to your demise an insurance product makes sense.
When it comes to a product that the company is counting on taking more money from you than paying you back, on the average, and the likelihood of the holder gaining a probable benefit is low...then its a tough row to hoe for a salesman unless they find an unsophisticated buyer who weighs emotion higher than the numbers.
The insurance companies dont have those big buildings downtown full of expensive furniture for nothing ya know...
I hope you have a flame retardent suit.... because you will need it is you think that almost anybody on this board needs some advice from you... most are very successful and 'rich'... and do not have financial advisors... in fact, a few here ARE financial advisors but are not here to sell 'snake oil'...
IIRC, I asked a few questions in this thread that were never answered by the previous spammer.... why don't you give it a shot and let's see what you come up with....
But, if you keep trying to sell something... you will be gone by month end...
Uh oh, I sense a MMND implosion is imminent.
Again, dclewis, you could do well to answer TexasProud's questions instead of starting fights, or you could just take this nonsense somewhere else.
Again, dclewis, you could do well to answer TexasProud's questions instead of starting fights, or you could just take this nonsense somewhere else.
Some of my close and personal friends and family are "do it yourself-ers". The biggest frustration is seeing them make errors in judgment over tax issues, mortgage planning, investing, etc.
Too much time spend chasing the highest investment return, ...