Financial Philistine: Dave Ramsey Attacks the Infinite Banking Concept — Again! — with Humiliating Errors

Here we go again. ~Photo by Jen Theodore on Unsplash

Background

Dave Ramsey’s November 2020 attack on the IBC.
The Banking with Life Podcast Episode 75 for New Years 2021.
Dave Ramsey’s June 2021 attack on the idea of “banking” with whole life insurance.

Does Dave Know What Cash Value Is?

Definitions Matter

Dumb as a Box of Rocks

Proper Classification Produces Accurate Analysis

Closing Remarks

CEO, Griggs Capital Strategies. “Banks lend money that does not exist, and that is evil.” — R. Nelson Nash