The Whole Life Scam; Is Infinite Banking Real or a Con?

If you've been researching personal finance on Youtube, you've most likely seen a Whole Life Insurance sales person assuring you that Infinite Banking is most definitely NOT a scam and also...make sure to buy their product. Dave Ramsey went out of his way to make sure his audience knew NOT to buy Whole Life and that Infinite Banking is just a buzz word used to separate you from your money.

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00:00 Introduction
01:18 What does Dave Ramsey think about infinite banking?
02:43 People who push Infinite Banking are almost always Whole Life Sales People
04:34 Do rich people have whole life, like the sales people claim?
05:40 How does infinite banking actually work?
12:42 2 Big questions come up when looking at how infinite banking works
16:03 Why wouldn't I just leverage my own investments and cut out the middle man?
19:22 Conclusion