On the show today I am breaking down the Cash-Out Refinance strategy.

Many people are noticing a high uptick in the value of their homes, and with this uptick in value comes an increase in home equity.

So what can you do with the equity in your home, how does it work, and what are the risks?

In this episode I am going to break down:

• How to calculate your home's equity
• How much of the equity you can actually tap into
• The process of of a cash-out refinance
• Reasons for going with a cash-out refi
• The risks the banks forge to tell you about

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Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!

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Today's show was brought to you by OneAZ Credit Union — my very own credit union I have been proud a member of since 2011. 

If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.

All the show notes, links and anything I mentioned can be found at https://www.moneypeach.com/session170

On the show today is America's #1 Money Mentor, Chris Naugle.

I'll be honest — I brought Chris to have a conversation on a topic we don't agree on...infinite banking.

If you haven't heard of infinite banking before, you're perfectly normal. It's not a very popular term in the financial world and most financial gurus like Dave Ramsey and Suze Orman are completely against it.

But, what I've learned over the years in this world of personal finance is not every guru is always right.

Therefore, I decided to say "yes" to my guest today so I can ask him the hard questions about...

• how infinite banking works
• why it is (or is not) a scheme
• the risks
• do you have to wealthy to utilize infite banking
• are there better alternatives

Now, we will dive into infinite banking in depth, but here is the sceanrio/example he used inside the episode:

👉 You deposit $1,000 into a whole life cash value life insurance plan (yes, you read that correctly...and I was cringing when he said it).

👉 The life insurance plan pays out 4% guaranteed return plus non-guaranteed dividends. The dividends in this scenario were 2%. Therefore, your return is 6%.

👉 Then you immediately borrow from the life insurance plan $900, while your $1,000 remains inside the plan earning 6%. You borrow the $900 at 5%, earning a 1% spread.

👉 Next you take the $900 that you are paying 5% while earning 6% on your $1,000 and you use it to pay off high interest debt, to save, or to invest.

In theory, this looks great on paper. But, I had a lot of questions and concerns with this strategy and kudos to Chris Naugle (my guest) for answering every question I throw at him.

Mentioned in the Show

Learn more about Chris Naugle and Infinite Banking Here.

Watch the Free 90-minute webinar with Chris

Free Book: Mapping Out the Millionaire Mystery by Chris Naugle

[Watch] Dave Ramsey on Infinite Banking

Follow Chris on all social channels @thechrisnaugle

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Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!

**

Today's show was brought to you by OneAZ Credit Union — my very own credit union I have been proud a member of since 2011. 

If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.

All the show notes, links and anything I mentioned can be found at https://www.moneypeach.com/session169

There are so many strategies to building wealth and we try to explore all of them on this show.

Today I am interviewing an expert in multifamily real estate investing - Gino Barbaro.

Gino, and his partner Jake, are both experts in multifamily real estate investing and have achieved.

They are NOT from the financial world...meaning they didn't get a PhD in finance and then build their wealth. Nope, Gino was a pizza restaurant owner and Jake was a pharmaceutical rep...which just shows us that everyday people like you and I are learning AND actually building wealth.

Jake and Gino also have an entire website with multiple podcasts dedicated to showing you how to get started in real estate.

Jake and Gino

Learn more about Jake and Gino here.

The Book: Wheelbarrow Profits

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Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!

**

Today's show was brought to you by OneAZ Credit Union — my very own credit union I have been proud a member of since 2011. 

If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.

All the show notes, links and anything I mentioned can be found at https://www.moneypeach.com/session168