Financing with Infinite Banking

[instrumental music] Uh, I'm dead serious about financing your beef with the infinite banking concept.

You can absolutely do it, and buying a whole cow these days is not uncommon, or a half or a quarter.

Uh, people are finding out that if they buy the meat in bulk and put it in their freezer, it is more cost effective than buying it piece by piece from the grocery store.

Not only are you having more convenience, a better price, but you're also getting better quality meat in most cases.

So let's just take the beef example and hit the ground running, no pun intended.

We're gonna talk about financing ground beef, as well as any other cut you might like from a cow.

John, if somebody wanted to finance an entire steer, which these days is probably gonna run them about 4,500 bucks, and they have cash value in their policies, let's say they've got $10,000 of cash in reserve.

How could they finance a steer?

Well, it's pretty easy.

You call up the insurance company or you call up our office and you get a policy loan for the $4,500 that you need to finance this cow.

Now, a lot of people might be a little bit afraid.

Now, you guys listening to the Wealth Talks podcast, if you've been listening for any time whatsoever, I am not counting you in this, uh, group of people that are afraid.

But some people would be afraid of taking a loan, especially to buy groceries.

True.

Now, I'm not advocating that you finance your, your weekly grocery bill or whatever that is.

We're talking about buying in bulk so you get a discount on the steer and financing it yourself, and we're gonna talk through the details of doing all of this and how that works out, you know, how that works out technically and financially over time.

But there are certain people that would be concerned about taking a loan for buying food.

Should they be concerned?

I don't think so because when you go to a grocery store, I mean, some people still pay with cash I suppose, or a debit card.

But by and large, most people pay with a credit card, and that's financing.

That's taking a loan.

That's taking credit.

The credit card company believes you're going to pay that back.

And hopes you're not.

[laughs] Well, true.