It seems like every week now, someone writes us to let us know they forwarded one of my blog posts to Suze Orman and Dave Ramsey, or urged them to take me up on my standing offer to debate them about Bank On Yourself.
As I’ve said numerous times, I know Suze and Dave have helped many people get out of debt and get their financial act together. However, there are two critical areas we strongly disagree on.
Neither of them has taken me up on the offer to debate me – yet. But I can’t help but wonder if they’ve ever actually checked into Bank On Yourself.
What would it be like to be a fly on the wall as Suze and Dave discuss Bank On Yourself? No need to wonder any longer, as our hidden video camera captured it all. Click the play button below…
In case you’re wondering, the statements made by Suze and Dave in the video about why you should invest in mutual funds and why you should avoid whole life insurance are direct quotes from their books.
And Suze really did tell the New York Times she doesn’t follow her own advice about investing in the market.
And yes, John Bogle, the founder of Vanguard – the largest mutual fund company in the country – really has written a stunning exposé about the smoke and mirrors mutual fund companies use to pull the wool over your eyes regarding the real returns you’re getting…
The conventional rates of return (we rely on) to measure performance reflect performance that is higher, and in many cases much higher, than returns earned by shareholders.”
– John Bogle1
So why don’t Suze, Dave and most other financial gurus know about Bank On Yourself-type policies?
The three main reasons for this are:
- Very few insurance companies even offer the kind of policy that maximizes the power of the Bank On Yourself concept
- Insurance agents and financial advisors who help their clients implement this strategy take a 50-70% cut in commissions to do so
- Probably because of reasons #1 and #2, this kind of policy is not even covered in most (and maybe all) of the training programs insurance agents take to get their licenses. It’s also not covered in the training they take to receive advanced designations, like CLU, ChFC, etc.
In fact, advisors who pride themselves on their 30+ years of experience and the “alphabet soup” behind their names often admit they’ve never heard of these kinds of policies!
That’s a big part of the reason why the Bank On Yourself Authorized Advisor Training Program was created.
To receive a free Analysis and get a referral to one of only 200 advisors throughout the U.S. who have met the rigorous qualifications, simply request it here. There’s no obligation to find out what your bottom-line numbers and results could be if you added Bank On Yourself to your financial plan.
Many people have been willing to keep an open mind and look into the facts about Bank On Yourself, and people have been flocking to it, in order to have peace of mind and financial security.
But if you’re reading this, and you still have a few questions holding you back, you can find the answers here:
- What’s the rate of return of a Bank On Yourself-type policy?
- What do the companies used for Bank On Yourself invest in?
- How are these policies different from the ones the financial “gurus” talk about?
- Where do I find the money to fund a plan?
- I have good savings habits and little debt – how will Bank On Yourself help?
- How do I get started?
1Common Sense on Mutual Funds, by John C. Bogle – 2010 (updated 10th Anniversary Edition)