Not Your Average Financial Podcast™

Episode 126: Is Bank on Yourself® a Scam? The Mathemagic of Money Blogger Allan Roth

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In this episode, we ask:

  • Have you been listening to us for awhile?
  • Do you know how much we appreciate you?
  • What is the definition of the word scam?
  • Were you first skeptical when you heard of Bank on Yourself®?
  • Is Bank on Yourself® a scam?
  • Are critics thinking clearly?
  • What are Mark’s credentials?
  • Does Mark recommend this strategy?
  • What are the posts on reddit pointing toward?
  • What about the article on CBS Moneywatch by Allan Roth?
  • Who is Allan Roth?
  • What does Allan Roth do?
  • What did he say in his article?
  • What is the key mistake in his argument?
  • Would you have more money if you didn’t make a (car) purchase?
  • What did Pamela Yellen say?
  • Would you like to read Pamela Yellen’s response to Allan Roth’s opinion piece?
  • Do life insurance companies offer up policy loans for charity?
  • Would you like to learn more from Episode 32 or Episode 110?
  • Did Mr. Roth actually make money on this?
  • What was Mr. Roth’s total contribution?
    • $9,832 – Cash value increase
    +$3,916 – Full dividend (not reduced, even though he has a policy loan)
    = $13,748 – Total growth on $12,000
    – $12,000 – Total paid (including loan interest and PUA premium)
    = $1,748 – Profit (increase)
    Doesn’t Roth actually gain $1,748 on the additional premium and loan interest he pays?
  • What was the APR on the car loan?
  • Should you buy stuff you can’t afford?
  • What is the best way to make major purchases?
  • What was the true cost of purchasing the car?
  • Would you like to learn more about opportunity cost and listen to Episode 13?
  • What about inflation?
  • How does a Bank on Yourself® type whole life insurance policy provide a workable solution?
  • What would the numbers be after expenses and fees?
  • Would you like us to run your own numbers?
  • Would you like to book a meeting with Mark?
  • Who else has Allan Roth targeted in his writing?
  • Would you like to leave Mark a voice message at Speakpipe.com/nyafp?

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    • When: Tomorrow, Saturday February 1, 2020, 10AM CST
    • Where: Online!
    • Cost: 100% FREE
    • Topic: Getting out of debt with the SnowBank Method
    • Who: Hosted by Mark Willis, CFP®, along with Grandma’s Wealth Wisdom hosts, Amanda Neely and Brandon Neely
    • Next Action: Register Now and Join Us!

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