Sign up to save your podcasts
Or
Share Life and Wealth
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Life and Wealth
How to Buy Whole Life
Ryan Griggs
&
Building Your Warehouse of Wealth
R. Nelson Nash
I read these two books in tandem. Nash is the brain behind the Infinite Banking Concept, a method of using cash-value whole life insurance to super-charge one’s savings and then using the accumulated access to capital as a source of financing those things in life that need financed—vehicles, homes, investments, etc. In short, it’s a system to take control of the banking function for one’s life and family.
After reading Nash’s Becoming Your Own Banker it seemed natural to read Building Your Warehouse of Wealth. This was my second time reading it—and it didn’t improve. Don’t get me wrong, there are some helpful concepts here. But on the whole, this book comes across as the disorganized rambling of a grumpy old man. The contrarian streak—which I appreciate—drifts into conspiracy-adjacentness. The longest chapter is a retelling of the Israel narrative that badly misconstrues the Biblical text and its emphases. The book is worth skimming for a few more IBC ideas, but this book doesn’t merit a close read.
On the other hand, Griggs’ How to Buy Whole Life is a gold mine of clear explanation about how whole life works, addressing much of ‘noise’ online that tries to turn IBC into a get-rich-quick scheme. He illustrates that for IBC to work well, you have to be committed to it for the long-term, and this reality affects how one structures their policies today. And it excludes using it with a short-term mindset. Griggs has written, quite simply, the best and most helpful book I’ve read on the subject.
Here is a link to his Youtube channel: https://www.youtube.com/channel/UCUw6sumghqHg8YU_x8WPSaA
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit willdole.substack.com/subscribe
View all episodes
By Will DoleHow to Buy Whole Life
Ryan Griggs
&
Building Your Warehouse of Wealth
R. Nelson Nash
I read these two books in tandem. Nash is the brain behind the Infinite Banking Concept, a method of using cash-value whole life insurance to super-charge one’s savings and then using the accumulated access to capital as a source of financing those things in life that need financed—vehicles, homes, investments, etc. In short, it’s a system to take control of the banking function for one’s life and family.
After reading Nash’s Becoming Your Own Banker it seemed natural to read Building Your Warehouse of Wealth. This was my second time reading it—and it didn’t improve. Don’t get me wrong, there are some helpful concepts here. But on the whole, this book comes across as the disorganized rambling of a grumpy old man. The contrarian streak—which I appreciate—drifts into conspiracy-adjacentness. The longest chapter is a retelling of the Israel narrative that badly misconstrues the Biblical text and its emphases. The book is worth skimming for a few more IBC ideas, but this book doesn’t merit a close read.
On the other hand, Griggs’ How to Buy Whole Life is a gold mine of clear explanation about how whole life works, addressing much of ‘noise’ online that tries to turn IBC into a get-rich-quick scheme. He illustrates that for IBC to work well, you have to be committed to it for the long-term, and this reality affects how one structures their policies today. And it excludes using it with a short-term mindset. Griggs has written, quite simply, the best and most helpful book I’ve read on the subject.
Here is a link to his Youtube channel: https://www.youtube.com/channel/UCUw6sumghqHg8YU_x8WPSaA
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit willdole.substack.com/subscribe