@@nchinth Do you support men who sexually abuse children? Why anyone would support that group of pedophiles is beyond comprehension. Please do not attempt to explain it!
Lots of older people age 60-80years old with no money to pay for funerals buy a small $10-30 thousand final expense policy (aka whole life policy) to pay for funerals because the policy will never end and never go up in price. Has nothing to do with cash value. In a perfect world Everybody will be rich and a millionaire by the time they are old and retired and they won’t need life insurance. But this isn’t it how the world works.
Agreed. I don't believe Ramsey understood Final Expense. In my opinion it is something that indeed very much benefits the customer unlike a whole life policy which I would not recommend over term life.
@@mata2609 Ramsey is stuck on a philosophy he used when he worked for primerica. It's the "buy term invest the difference" philosophy. Unfortunately like everything else, life insurance has changed and evolved in amazing ways. Infinite banking uses the newer products in a way that older products couldn't be used.
There are terrible companies and the insurance industry is plagued with shady salesman and products, that does not mean that Dave understand the ins and outs of an industry that he does not work in.
I sell life insurance, I’ve only sold one whole life , I actually now always recommend term life insurance and if they want to build cash value i actually recommend and walk them in opening an investment account separate from the term life . Idk I just can’t morally rip people off like that . I work with a great company so that’s a bonus my goal is to help the customer first .
Do you understand whole life insurance? Of course it isn't for everyone, but David Ramsey seems to not understand that isn't some standalone investment but an investment tool that is used in conjunction with other investments. Do you know this? You become your own bank with tax benefits dividends and compound growth. Plenty 9f wealthy people use whole life insurance as a strategy and David Ramsey accuses all of them of being duped. Well maybe he doesn't know what they know. When someone says that a particular type of investment is ALWAYS bad you know their advice is more than likely false because investments are not a one size fit all.
Your not ripping people off by allowing them to purchase whole life. It’s essentially a loan that u can borrow from if u get in a pinch. Ur beneficiary just doesn’t get it along with the face value payout. As long as that part is disclosed, no harm no foul. It’s like a motorcycle salesman giving u death rates as you sign for ur new bike. If the customer wants it, the agent provides, regardless of the risk. Proceed with caution essentially. Thanks for listening. ☮️❤
I sell life insurance in the UK but we are heavily regulated and can't give advice. However I never pitch a WOL policy to my customers and instead encourage them to take a policy to either 80 or 85, sometimes 90 if they really want longer. WOL isn't really worth it for anyone. Termed insurance is much better than WOL.
I exclusively sell term life, and Dave is completely correct in whole life being a waste of money… for anyone that is following the baby steps. Realistically, final expense is aimed at people who did not save for retirement and will never have the capacity to increase their income, either due to age or health. The people these policies are aimed at are people that wouldn’t be eligible for term life. Like, 70 year-old living solely on SSI or someone with a BMI in the 50s or higher. They’re policies with a low death benefit that solely serve the purpose of not leaving the deceased’s beneficiary with the costs of a funeral. Are the policies all that good, especially compared to term? No. But they’re better than nothing, considering there’s a pretty high chance the person it’s aimed at will die before they’d be able to save enough to take care of a funeral. That being said, if you qualify for term, don’t get one of these. Get the term (if you need it), and even if you don’t make a lot or are on the older side of things, at least get on it and save the money for the funeral while you still have time. This is why listening to people like Dave to get out of debt and prosper financially is so important. You don’t want to be in a situation where one of these policies would make mathematical sense.
Whole life policies are aimed at anyone insurance companies can sell them to. And most folks don't know there is a difference. A client asks for life insurance, they are automatically steered towards the whole life garbage every time, unless the agent only sells term insurance.
Here’s an idea, when you die instead of making your descendant go into debt paying for your funeral, tell them to only pay for what can be afforded. Using final expenses as an excuse for whole life is not a smart move. Whole life should be used for individuals who have dependents (wife, kids, etc.) that will need the money to survive after you die but you don’t have the money to afford term insurance till you die. Funeral companies are the biggest scams in the US that make families go into massive debt by tugging on their emotions. People don’t make smart financial decisions when in emotional distress and pay for a $5000 coffin when they can’t afford it.
If final expense is a waste of money what should the elderly get for burial insurance. This is only a 5 to 15k plan. Cost starts out at about $30/month. They don’t qualify for term cuz of their age. What else besides final expense is there?
I sell whole life and yes term life is much better than whole life, if you have a renewable term don’t get whole life, if you have term that expires just get another term. That being said there’s a reason why there’s a distinction between “whole” life and “term” life Whole life is meant to be for your whole life and I agree don’t buy life insurance as a means to save. All that being said if you buy or have whole life don’t buy term life because whole life is a locked in static rate unless you decide to purchase more but term is typically renewed at a specified time frame and the price goes up according to age For example: Tim bought a whole life policy at 20 years old for $34 a month but Tom bought a term life policy at 20 years old for $18 a month in 40 years Tim will be paying $34 if no changes had been made whereas Tom could be paying $200 a month Edit: Life insurance is sold by uncertainty, no one is guaranteed to live 10 years you’re beneficiaries could earn more net profit from a policy than your investments or vice versa there’s a lot of factors If you’re confident you’re investments will exceed the net value of a policy go for it
If a 30 year old man bought a $250K 20 year paid up whole life insurance policy, it would cost far less than if he bought a term to 65 $250K policy. If the 30 year old bought a 10 year paid up whole life policy it would be exponentially cheaper.
it's a way to diversify with a protection feature, it's low because it's safe and conservative but it depends on the company. There are bad and good companies. Also, most of the AAA rated companies gives the beneficiary the cash value accrued once the owner passes away.@@onenikkione
@@guitarwok Nope, a low cost diversified investment grows too with alot less taken from you so compounding growth means you have alot more money. Even better for kids! Because it's alot more money.
If you're in your late 70's, probably retired, and everything is paid off, you can save your own money for final expenses. Life insurance is for final expenses and/or to replace an individual's income. If you can save your own money for final expenses, you don't need a policy at all unless you're looking to leave extra money behind for a spouse or maybe your children. You're better off without a policy of any kind. A whole life policy isn't good for anybody at any stage of life. The only real beneficiary to a whole life policy is the insurance company.
@@dakotadak100 So "nobody" who? Who are you referring to when you say nobody? Most people DO need life insurance to replace an individual's income if they pass away unexpectedly. Mostly younger folks who have a mortgage, a spouse, or children to support. Or are referring to the "nobody needs whole life insurance" statement? You pay MUCH more for a whole life policy that builds "cash value". Value for who? If you have a whole life policy and you pass away, your beneficiary receives ONLY the face amount of the policy, not the "cash value" which should be in addition to the face amount. The insurance company keeps any cash value that the policy may or may not accrue. Ask the insurance company why your beneficiary doesn't receive both the face amount of the policy and the cash value. Pay close attention to the answer they give you.
@@cward1954 As I mentioned above the death benefit comes from two sources. One is decreasing term insurance and the other is the savings portion. Early on the death benefit will be much greater than the savings portion and an early death results in a death benefit almost entirely from the term insurance part. At say age 98 the death benefit will almost entirely the savings portion. Cash value is just the surrender value of the policy. For policies that haven't matured it will be less than the death benefit. If one dies at an old age you are accessing the cash value through death not surrender. You cannot have your cake and eat it too.
@@cward1954 If the WL policy offers a paid up additional insurance option they certainly can. Depending on when they die of course and sometimes even gain more. A lot of companies don’t offer yearly refunds, though.
If you have any loved ones/friends that sell insurance ... have them read this book ASAP. How I Raised Myself from Failure to Success in Selling by Frank Bettger
put that $95 into a high yield saving monthly and 20 years later you made tones of money and lose nothing for insurace companies. Insurance companies charge lots of fee.
Newly licensed Texas agent here, Your not ripping people off by allowing them to purchase whole life. It’s essentially a loan that u can borrow from if u get in a pinch. Ur beneficiary just doesn’t get it along with the face value payout. As long as that part is disclosed, no harm no foul. It’s like a motorcycle salesman giving u death rates as you sign for ur new bike. If the customer wants it, the agent provides, regardless of the risk. Proceed with caution essentially. Thanks for listening. Thoughts anyone 💭
Lincoln Heritage is a final expense company. People who buy this type of insurance do not want to burden their loved ones with expenses surrounding their death. Dave thinks of everything as an investment not as a need based solution. It is a senior product. Dave is trying to do his Art Williams imitation here.
Great point, I've never liked Dave's take on life insurance and how he groups all policies together without explaining that not all Permanent (whole) Life Insurance policies are alike. There are whole life policies that have set payment periods and once the periods are met the policy is good for the rest of the insureds life. I know them as paid up whole life and seen them sold in 10, 20 or paid up at age 65 points. I myself have a small 20 pay whole life policy. I made the mistake of following advice similar to what Dave gives and cashed in some great Whole Life Policies in 2004 HUGE MISTAKE. I now don't qualify for $200K term policies or they've become way to expensive so I bought a 20 pay whole life that will be paid up at age 73. Even if I were to live to the age of 90 the policy will be good and from age 73 to age 90 I wouldn't have paid a dime.
The problem with Dave's view is that most people who buy final Expense do not have a good retirement account. It's better to have some thing than nothing.
It's still better to get term than whole and just put the money you'd save on whole into a brokerage account and collect dividends. The savings account play of a whole policy is some BS. Thed be better of doing what I just said or getting a larger term policy. Whole is trash and expensive. Then there are some term policies that will convert to whole after the period is up. Term is way better all around
@@lugeneparker It's not one size fit all. I agree with your statement if all people would follow that route. Nonetheless theirs senior citizens that never had a retirement game plan, and cannot qualify for a term policy. It's better to have the funeral taken care of.
@@Kash_Munni The only people that benefit from a whole life policy is the insurance company and the agents that sell it. It's a horrible investment vehicle, but it is still pushed today by unscrupulous insurance salesmen pretending to be financial advisors.
I consider myself well versed financially and I can't even figure out the confusing nature of these policies because that is an intentional feature of the product. It could easily be simplified with clear insurance costs, fees listed, growth ROI, and cash value AND Insurance paid, not an option. Anything you can't explain to me IN 10 MINUTES steers me clear of any mumbo jumbo insurance product. No I won't trust you on it. Fees and Insurance Prices are too high and are hard for agents to pull out of them.
Dave Ramsey is wrong in this context. Final expense whole life insurance is predominantly sold to (a) older folks 60+ who (b) have several co-morbidities that prevent qualification with most term insurance. Additionally, most are on low fixed incomes and do not realistically have the time to save enough money to bury themselves after accounting for monthly expenses. Millions of Americans fit the description above and without access to final expense whole life insurance, they would not have funds on hand to pay for proper burial. Don't let perfect be the enemy of good.
just commenting for context, I am an independent life insurance agent and try to only sell term. the final expense policies I have access to are about double for the same amount of coverage. The same 52 male can get a $40/month 30 year term policy death benefit of around $25k, or $40/month whole life for an about $12.5k death benefit
Lol this is kind of an exaggeration though. I have New York life whole life. The whole point is to retire on it. It’s tax deferred. I put 100$ a month and My beneficiary gets 120k as of right now when I die and it grows as time goes on. I save over 2k a month cash. This account for me is the idea of “don’t keep all your eggs in one basket” I invest in etf’s mutual funds and popular stocks like Tesla Apple AMC. Whole life is not the worst. But spread your wealth
I also have NYL and that is what I've been told also is I can use for retirement and my family would get it in the event of death. Maybe I need to reread mine. I've got decent amount already in cash value. Dave is right that it is spendy.
@@teliciamckee9477 also the amount of life insurance money increases based off the amount you have invested so why does it matter if your family doesn’t get 20k but they do get 250k lol if you have other assets they get everything anyway. 20k they never had won’t hurt em.
@@MartianAmbassador69 lol I mentioned Tesla apple mutual funds and ETFs. But I can’t say amc cause now I know nothing 😂 lol ok. Thanks for the insight.
Dave displays his ignorance, “anything that has a cash value is where I’m going I have a problem” I have heard him say he is a fan of variable rate annuities. A variable rate annuity is extremely similar to a variable rate life insurance policy.
Huh? Annuities and trash value insurance policies are COMPLETELY DIFFERENT. Besides, you didn't even know the name of IUL. You kept calling them "UIL."
So I don't really think that whole life is that bad. My whole life Death Benefit grows with the cash value its not a 1: 1 more like 85 to 90 percent. I also get to choose when im done paying. The guaranteed cash growth is an average of 2.5 percent with an additional growth of around 4 to 5 percent. IT is not my primary form of retirement, but a good supplement. I also want to pair it with a ROTH and my 401k to immunize myself incase of future market volatility when I reach retirement. Is there people who could benefit term yes, but in the ball park of balanced portfolio this is my idea
Dave Dave Dave....I love what you do my friend but you are mistaken. The type of whole life this chap is talking about selling is Final Expense. It is targeted at low-income individuals who are just looking to alleviate the financial burden of death for their families. Most don't have long to live, have health issues, and cannot qualify for term insurance because they are too old. Final expense is the only way they can get coverage - and they have no means to save enough money with the time they likely have left. Keep in mind dude, some people buy life insurance because they need life insurance - duh.
"...and they have no means to save enough money with the time they likely have left." So, if they can't save money, how are they going to be able to afford a $300 to $500 monthly trash value premium?
@@astroman30 Uh I think you need to do a little homework. Final Expense is not $300 to $500 a month...it is like $35 - $50 a month on average. Do your homework skippy...
Dave does not understand whole life insurance. At the heart of every straight whole life policy is a decreasing term insurance component. That's the insurance part. The other part is a savings portion. One must calculate the internal rate of return before surrendering any policy. Many older policies actually have a decent rate of return. In the early years the death benefit is the insurance part; the death benefit from a mature policy is the savings part. As interest rates go up whole life will make more sense for some high income people who want an estate. Of course with term life the company "keeps all the money" and more often than not pays no death benefit; that's why it is cheap. Does whole life make sense for low income people with little other assets who need a big benefit in case of early death: No. But this is not always the case and each situation should be evaluated individually
@@astroman30 The problem arises with the term "all the money" which creates confusion. If you die early on when you paid only a few premiums your heirs get mostly the the insurance company's money. If you die in your 90s, your heirs are getting the "savings" part of the policy (the extra money you paid beyond what a straight term would cost plus interest). It is term insurance where the insurance company usually keeps "all the money" because people tend to stop paying premiums or outlive the term. Very few term policies actually pay out at death that is why they are cheap. The company keeps "all the money" with home owners, auto, travel insurance, etc. unless there is an adverse event. That is why you see so many auto insurance ads because for most clients the company usually keeps "all the money". Dave just doesn't get it.
@@warrenSPQRXxl "The cash value becomes the death benefit." By all means, name your provider that uses this phrase and pays out the DB and CV to beneficiaries. I want to screen shoot your comments and email them so you can get the commission. Keep in mind, these LI companies (NYL, MM, Guardian...etc.) do not like their products being misrepresented.
Whole life I sell to really old clients. They buy x amount of years of mortgage payments for a decent price. Equity protection! Without it foreclosure would happen!
What should you do if you outlive your term life insurance and by that time you are not eligible for any insurance because you are too old? You leave your family with no death benefits when you die? Permanent policies like whole life, IULs and final expenses have a purpose for too. They are not that total evil David Ramsey paints.
Jesus Christ died for our sins according to the scriptures and that he was buried and that he rose again the third day praying for everyone everyday God bless you all
I read all these comments about him "exposing" whole life. You guys should really think for yourself and not just accept everything he says as if it's the gospel. Whole life has been around for hundreds of years. Do you suppose that would be the case if it was valueless? I wish my grandparents had bought a whole life policy on me when I was a child. If they had (with all of the years of compounding) I would be set for retirement. The fact is that term insurance becomes unaffordable later in life, so if you need insurance later in life, whole life is the answer.
Snake oil has been around 100s of years. Time shares have been around since the 80s.....what's your point? What part of "The insurance company keeps your cash value" do you not understand? I'd rather my parents opened a ROTH IRA when I was a kid instead of a trash value policy.
If they used that same amount and invested in a low cost diversified index fund you'd have $300K more and be more set. It's not valueless it's a bad investment product and a poor insurance product.
This guy should just get his casualty and property Insurnace sell Life Insurnace On the side. I would recommend him go work for AAA insurance they have a nice program
High cash value whole life insurance works for me, I pay my off in five years. The Rich and Banks have been putting their money in whole insurance cash for years. Day one I could borrow against my cash value taxes free and still earn interest on the full cash amount. Insurance agents are pay less commission because you have more money going in your life value than death benefit. That is why only a few good men and women sell 'Becoming Your Own Banker".
I love Dave Ramsey because he helped me become financially literate and free when I didn’t know where to start and made little money. Then I started making serious moves and started making more money. using life insurance and borrowing against it to be my own tax free bank became a necessary move. As a swimmer I equate what Dave Ramsey teaches to learning how to calm down and float on your back when you first get in the water and are just learning how to swim and are trying not to drown becoming your own bank using life insurance is the equivalent to scuba diving it’s for the experienced swimmers who know what they can and can’t do in the water already and have passed tests.
Most large corporations are self insured which is exactly the same concept as term insurance. Dave promotes term insurance until you have the assets to where you don’t need insurance.
Most people are begging, stealing scamming so selling a twisted policy is way way better imo. Dave Ramsey's opinion are good but he should leave some to himself especially when someone recovering from drug abuse.
But it's his show ...about his opinions...so I don't get your comment....you could not listen...that's a solution to. I wonder if he sold your mother the same twisted policy you would be ok with it... because oh poor guy he's a recovering addict
@@MS-ey3lb I think you didn't get my point buddy, You been living too safe. There are infinite twisted products in this earth being sold already how can you stop one and think he is going to sell a novelty product next. Do you think selling Tesla a great deal to your mother, it's totally consumers choice not sellers.
@@TheSandsplash sellers have moral responsibility to. I know people who sell whole life they genuinely think it's good for the clients. This guy knows it's not...and he knows why it's not....so in my eyes it's not ok for him to cont. To sell this product
@@rehn4529 - Bad advice? My oldest term policies are just starting to lapse and I'm not seeking to renew them. I've avoided Whole Life for a couple of decades and have faithfully invested the difference. With a net worth over a million dollars the average person would likely call me "wealthy." And yet, both of your above claims are not accurate with regards to my situation. People that buy Whole Life are those that are willing to overpay an insurance company instead of choosing to have a disciplined plan to better their financial situation. I opted to make a financial plan and I've reaped pretty good rewards for my diligence I would say. Financial success is as much about buying the good financial products as it is avoiding the bad ones. If I had to guess I'd say you either sell whole life or that you're just trying to justify to yourself the hefty premiums you've been paying for years.
a new/different job might be hard to impossible depending on the toll that addiction took on his life and his ability to get jobs from an employers standpoint
First of all the guy who card said he’s gonna sell final expense which is whole life , however , final expense is for senior people in their 60s or older that don’t wanna leave a bill behind when they die , and people with fixed income and social security, in other words poor people are the ones that need this type of life insurance , so no Ramsey is wrong and didn’t really guide this guy to a career where he will actually help people
@astroman30 Not even remotely true. Pre paid is buy far WAY more expense and actually puts people in debt. Final expense is cheaper than a lot of term policies. Final Expense is not trash value investing it is to pay for the funeral. That is it... The Final Expense policy typically cost between 30-70 dollars.
@@allengill6326 I know how this works on people who don't need it. Sometimes, insurers push people who want to purchase final expense insurance towards more restrictive and expensive policies. This is more common when a consumer doesn’t present major health problems.
@astroman30 Again, Final Expense is for certain individuals. As far as pushing a product, that comes with sales in general. Also, most insurance companies that I have seen are trustworthy companies which is why this product is good for a lot of families ie 70 and older.
Dave only highlights the McDonald’s whole life burger and then tells you not to eat burgers at all, well my home made wagyu burger isn’t all all like he described. Just to say, yes there are bad whole life policies and there are great whole life policies. Sheep
ALL insurance amounts to gambling that something bad will happen to you. Car wreck to get paid on car insurance. Die to have your family get paid on life insurance. Get sick for health insurance to pay. The "actuarial tables" are all based on the insurance company collecting more than they pay out. Like any gambling institution,it's designed for "the house" to win. Out of $100 in premiums paid, appx $60 goes out in paying claims. Slot machines generally give back $90 + of every $100 that gets put in (then the people put that back in and get 90% of that back.... Your odds are better with the slot machine.
Look up the phrase "Risk Management." I buy homeowner's insurance every year and never made a claim. Does that mean it's a bad purchase? No!!! It's a risk management purchase to lessen my losses on a catastrophic event.
In other words, you own a $300k home and won't buy homeowner's insurance because "the house" wins. You know how stupid that sounds. I buy homeowner's insurance every year and never made a claim. Does that mean it's a bad purchase? No!!!! It's called "Risk Management." Look it up.
I thought non-religious folks were more "tolerant", non-judgemental & loving to everyone but then again the comment seems to be the opposite of what they claim to be...
@@JimmyMook700 It's "real" disrespectful to insult a religious person while personally benefiting from their financial advice which "realists" can't figure it out on their own, but religious people can...
Most people do not want to think about their own demise, so this is always a hard sell. This guy needs to be on Dave's team, he has a awesome story.
@@nchinth Do you support men who sexually abuse children? Why anyone would support that group of pedophiles is beyond comprehension. Please do not attempt to explain it!
@@nchinth 🤡🤡🤡
WOW! This dude sounds like hes really been saved. Good to hear! I wish him luck!
Lots of older people age 60-80years old with no money to pay for funerals buy a small $10-30 thousand final expense policy (aka whole life policy) to pay for funerals because the policy will never end and never go up in price. Has nothing to do with cash value.
In a perfect world Everybody will be rich and a millionaire by the time they are old and retired and they won’t need life insurance. But this isn’t it how the world works.
Even if you're rich, why not have insurance to cover risk?
@@joltsofdeath because your assets cover the risk if you do die..
@@jacobtell4332 but the contract multiplies 1/100, especially if you're healthy. Income replacement and legacy too
Agreed. I don't believe Ramsey understood Final Expense. In my opinion it is something that indeed very much benefits the customer unlike a whole life policy which I would not recommend over term life.
@@mata2609 Ramsey is stuck on a philosophy he used when he worked for primerica. It's the "buy term invest the difference" philosophy. Unfortunately like everything else, life insurance has changed and evolved in amazing ways. Infinite banking uses the newer products in a way that older products couldn't be used.
There are terrible companies and the insurance industry is plagued with shady salesman and products, that does not mean that Dave understand the ins and outs of an industry that he does not work in.
Good luck on Selling life insurance it’s really brutal and sometimes you can’t control the monthly premiums
Congrats to this guy. I love hearing people who are trying to do better for themselves.
I sell life insurance, I’ve only sold one whole life , I actually now always recommend term life insurance and if they want to build cash value i actually recommend and walk them in opening an investment account separate from the term life . Idk I just can’t morally rip people off like that . I work with a great company so that’s a bonus my goal is to help the customer first .
What company do you work for?
Do you understand whole life insurance? Of course it isn't for everyone, but David Ramsey seems to not understand that isn't some standalone investment but an investment tool that is used in conjunction with other investments. Do you know this? You become your own bank with tax benefits dividends and compound growth. Plenty 9f wealthy people use whole life insurance as a strategy and David Ramsey accuses all of them of being duped. Well maybe he doesn't know what they know. When someone says that a particular type of investment is ALWAYS bad you know their advice is more than likely false because investments are not a one size fit all.
What about to selling them to banks, mutual or hedge funds?
Your not ripping people off by allowing them to purchase whole life. It’s essentially a loan that u can borrow from if u get in a pinch. Ur beneficiary just doesn’t get it along with the face value payout. As long as that part is disclosed, no harm no foul. It’s like a motorcycle salesman giving u death rates as you sign for ur new bike. If the customer wants it, the agent provides, regardless of the risk. Proceed with caution essentially. Thanks for listening. ☮️❤
@@gideondavid30 whole life insurance is crap 😂😂😂
Dave's right....Guy is a hero. Thanks for share your story.
I sell life insurance in the UK but we are heavily regulated and can't give advice. However I never pitch a WOL policy to my customers and instead encourage them to take a policy to either 80 or 85, sometimes 90 if they really want longer. WOL isn't really worth it for anyone.
Termed insurance is much better than WOL.
I exclusively sell term life, and Dave is completely correct in whole life being a waste of money… for anyone that is following the baby steps. Realistically, final expense is aimed at people who did not save for retirement and will never have the capacity to increase their income, either due to age or health. The people these policies are aimed at are people that wouldn’t be eligible for term life. Like, 70 year-old living solely on SSI or someone with a BMI in the 50s or higher. They’re policies with a low death benefit that solely serve the purpose of not leaving the deceased’s beneficiary with the costs of a funeral. Are the policies all that good, especially compared to term? No. But they’re better than nothing, considering there’s a pretty high chance the person it’s aimed at will die before they’d be able to save enough to take care of a funeral.
That being said, if you qualify for term, don’t get one of these. Get the term (if you need it), and even if you don’t make a lot or are on the older side of things, at least get on it and save the money for the funeral while you still have time.
This is why listening to people like Dave to get out of debt and prosper financially is so important. You don’t want to be in a situation where one of these policies would make mathematical sense.
Whole life policies are aimed at anyone insurance companies can sell them to. And most folks don't know there is a difference. A client asks for life insurance, they are automatically steered towards the whole life garbage every time, unless the agent only sells term insurance.
Whole life is one thing, final expense is another and total waste of money.
Here’s an idea, when you die instead of making your descendant go into debt paying for your funeral, tell them to only pay for what can be afforded. Using final expenses as an excuse for whole life is not a smart move. Whole life should be used for individuals who have dependents (wife, kids, etc.) that will need the money to survive after you die but you don’t have the money to afford term insurance till you die.
Funeral companies are the biggest scams in the US that make families go into massive debt by tugging on their emotions. People don’t make smart financial decisions when in emotional distress and pay for a $5000 coffin when they can’t afford it.
If final expense is a waste of money what should the elderly get for burial insurance. This is only a 5 to 15k plan. Cost starts out at about $30/month. They don’t qualify for term cuz of their age. What else besides final expense is there?
I sell whole life and yes term life is much better than whole life, if you have a renewable term don’t get whole life, if you have term that expires just get another term.
That being said there’s a reason why there’s a distinction between “whole” life and “term” life
Whole life is meant to be for your whole life and I agree don’t buy life insurance as a means to save.
All that being said if you buy or have whole life don’t buy term life because whole life is a locked in static rate unless you decide to purchase more but term is typically renewed at a specified time frame and the price goes up according to age
For example: Tim bought a whole life policy at 20 years old for $34 a month but Tom bought a term life policy at 20 years old for $18 a month in 40 years Tim will be paying $34 if no changes had been made whereas Tom could be paying $200 a month
Edit: Life insurance is sold by uncertainty, no one is guaranteed to live 10 years you’re beneficiaries could earn more net profit from a policy than your investments or vice versa there’s a lot of factors
If you’re confident you’re investments will exceed the net value of a policy go for it
If dude is reading this, he’s a champ on recovering!!
You could hear the caller was a people person the moment Dave answered the call.
If a 30 year old man bought a $250K 20 year paid up whole life insurance policy, it would cost far less than if he bought a term to 65 $250K policy. If the 30 year old bought a 10 year paid up whole life policy it would be exponentially cheaper.
It would also be cheaper for a 30 year old man to buy a $250k term policy. What's your point?
The paid up options are a good investment because you stop paying them after a set amount of time and they continue to grow. Great for kids!
@@guitarwok You need to re-listen to this call and what Dave was saying, the fees are too expensive and the rate of return is LOW.
it's a way to diversify with a protection feature, it's low because it's safe and conservative but it depends on the company. There are bad and good companies. Also, most of the AAA rated companies gives the beneficiary the cash value accrued once the owner passes away.@@onenikkione
@@guitarwok Nope, a low cost diversified investment grows too with alot less taken from you so compounding growth means you have alot more money. Even better for kids! Because it's alot more money.
It's never too late to change!
Better late than never!
Praise God people get still get healed and saved.
I’ve been paying 200 a month on insurance. Should I cancel it? Throw it into a ROTH IRA?
Thank you Mr. Ramsey for exposing the crooks in the insurance industry!
The guys should join a company that sells term only and invests mutual fund for investments.
Pri
I'm in my late 70's and just paid of a whole life policy and felt I wasted money on the policy. Now I watch Dave here and I've made a bad deal.
If you're in your late 70's, probably retired, and everything is paid off, you can save your own money for final expenses. Life insurance is for final expenses and/or to replace an individual's income. If you can save your own money for final expenses, you don't need a policy at all unless you're looking to leave extra money behind for a spouse or maybe your children. You're better off without a policy of any kind. A whole life policy isn't good for anybody at any stage of life. The only real beneficiary to a whole life policy is the insurance company.
So why do banks buy whole life policies? If you're not going to pick up a book and read for yourself. You're already heading down the wrong path.
@@dakotadak100 So "nobody" who? Who are you referring to when you say nobody? Most people DO need life insurance to replace an individual's income if they pass away unexpectedly. Mostly younger folks who have a mortgage, a spouse, or children to support. Or are referring to the "nobody needs whole life insurance" statement? You pay MUCH more for a whole life policy that builds "cash value". Value for who? If you have a whole life policy and you pass away, your beneficiary receives ONLY the face amount of the policy, not the "cash value" which should be in addition to the face amount. The insurance company keeps any cash value that the policy may or may not accrue.
Ask the insurance company why your beneficiary doesn't receive both the face amount of the policy and the cash value. Pay close attention to the answer they give you.
@@cward1954 As I mentioned above the death benefit comes from two sources. One is decreasing term insurance and the other is the savings portion. Early on the death benefit will be much greater than the savings portion and an early death results in a death benefit almost entirely from the term insurance part. At say age 98 the death benefit will almost entirely the savings portion. Cash value is just the surrender value of the policy. For policies that haven't matured it will be less than the death benefit. If one dies at an old age you are accessing the cash value through death not surrender. You cannot have your cake and eat it too.
@@cward1954 If the WL policy offers a paid up additional insurance option they certainly can. Depending on when they die of course and sometimes even gain more. A lot of companies don’t offer yearly refunds, though.
This is a good explanation, I think I will consider this
If you have any loved ones/friends that sell insurance ... have them read this book ASAP.
How I Raised Myself from Failure to Success in Selling by Frank Bettger
put that $95 into a high yield saving monthly and 20 years later you made tones of money and lose nothing for insurace companies. Insurance companies charge lots of fee.
Roth IRA?
God bless this man! What an amazing journey, you are an inspiration sir.
SIMPLE: *Insurance* is insurance. *Investing* is investing. DO NOT MIX THESE TWO THINGS.
Newly licensed Texas agent here,
Your not ripping people off by allowing them to purchase whole life. It’s essentially a loan that u can borrow from if u get in a pinch. Ur beneficiary just doesn’t get it along with the face value payout. As long as that part is disclosed, no harm no foul. It’s like a motorcycle salesman giving u death rates as you sign for ur new bike. If the customer wants it, the agent provides, regardless of the risk. Proceed with caution essentially. Thanks for listening. Thoughts anyone 💭
Pay an insurance company to BORROW against your own money, and you think this is a good idea?
Lincoln Heritage is a final expense company. People who buy this type of insurance do not want to burden their loved ones with expenses surrounding their death. Dave thinks of everything as an investment not as a need based solution. It is a senior product. Dave is trying to do his Art Williams imitation here.
Great point, I've never liked Dave's take on life insurance and how he groups all policies together without explaining that not all Permanent (whole) Life Insurance policies are alike.
There are whole life policies that have set payment periods and once the periods are met the policy is good for the rest of the insureds life.
I know them as paid up whole life and seen them sold in 10, 20 or paid up at age 65 points.
I myself have a small 20 pay whole life policy. I made the mistake of following advice similar to what Dave gives and cashed in some great Whole Life Policies in 2004 HUGE MISTAKE.
I now don't qualify for $200K term policies or they've become way to expensive so I bought a 20 pay whole life that will be paid up at age 73.
Even if I were to live to the age of 90 the policy will be good and from age 73 to age 90 I wouldn't have paid a dime.
The problem with Dave's view is that most people who buy final Expense do not have a good retirement account. It's better to have some thing than nothing.
True, some never get to the point they are self insured.
It's still better to get term than whole and just put the money you'd save on whole into a brokerage account and collect dividends. The savings account play of a whole policy is some BS. Thed be better of doing what I just said or getting a larger term policy. Whole is trash and expensive. Then there are some term policies that will convert to whole after the period is up. Term is way better all around
@@lugeneparker It's not one size fit all. I agree with your statement if all people would follow that route. Nonetheless theirs senior citizens that never had a retirement game plan, and cannot qualify for a term policy. It's better to have the funeral taken care of.
@@lugeneparker Many people use life insurance to replace the money they blew for 40 years. They see it as the i am foolish now time to "level up"
@@alinatamashevich3354 yeah. Some others will just go and blow that money as well. It's sad
You should only sell whole life insurance if you don't value your family or friends.
Can you explain, I'm confused?
@@Kash_Munni The only people that benefit from a whole life policy is the insurance company and the agents that sell it. It's a horrible investment vehicle, but it is still pushed today by unscrupulous insurance salesmen pretending to be financial advisors.
@@BunkMasterFlex77 Absolutely correct!! Bravo!!
@@BunkMasterFlex77Insurance is insurance. Investing is investing.
That’s all there is to it.
What about a Cash value loan. You can withdraw the money in the Cash value of the policy. Also in Canada there are Immediate financing arrangements.
Pay an insurance company to BORROW against your own money, and you think this is a good idea?
I consider myself well versed financially and I can't even figure out the confusing nature of these policies because that is an intentional feature of the product. It could easily be simplified with clear insurance costs, fees listed, growth ROI, and cash value AND Insurance paid, not an option. Anything you can't explain to me IN 10 MINUTES steers me clear of any mumbo jumbo insurance product. No I won't trust you on it. Fees and Insurance Prices are too high and are hard for agents to pull out of them.
Dave Ramsey is wrong in this context. Final expense whole life insurance is predominantly sold to (a) older folks 60+ who (b) have several co-morbidities that prevent qualification with most term insurance. Additionally, most are on low fixed incomes and do not realistically have the time to save enough money to bury themselves after accounting for monthly expenses. Millions of Americans fit the description above and without access to final expense whole life insurance, they would not have funds on hand to pay for proper burial. Don't let perfect be the enemy of good.
Huh?
Praise God!
It's a difficult sale, most people don't understand it and they think they have to die in order for it to help them. That's not always the case.
Jesus Christ is our King of Kings and Lord of Lords praise God praying for everyone everyday God bless you all
Relax Guy
@@moggekungen He tends to go around being religious in almost all his comments.
@@EgalitarianWoman hehe ok first time for me 🤗
@@moggekungen No worries, my dude. There's a lot of theists here, you get used to seeing religious comments on a financial channel lol.
just commenting for context, I am an independent life insurance agent and try to only sell term. the final expense policies I have access to are about double for the same amount of coverage. The same 52 male can get a $40/month 30 year term policy death benefit of around $25k, or $40/month whole life for an about $12.5k death benefit
Consumers who purchase final expense usually are over 65.
What good does that do if he lives to 83?
@@MantisToboggan777 Invest the difference and KEEP your money compared to losing all your cash value. Simple math.
Lol this is kind of an exaggeration though. I have New York life whole life. The whole point is to retire on it. It’s tax deferred. I put 100$ a month and My beneficiary gets 120k as of right now when I die and it grows as time goes on. I save over 2k a month cash. This account for me is the idea of “don’t keep all your eggs in one basket” I invest in etf’s mutual funds and popular stocks like Tesla Apple AMC. Whole life is not the worst. But spread your wealth
I also have NYL and that is what I've been told also is I can use for retirement and my family would get it in the event of death. Maybe I need to reread mine. I've got decent amount already in cash value.
Dave is right that it is spendy.
@@teliciamckee9477 also the amount of life insurance money increases based off the amount you have invested so why does it matter if your family doesn’t get 20k but they do get 250k lol if you have other assets they get everything anyway. 20k they never had won’t hurt em.
@@teliciamckee9477 No, the family does not get the money that you paid in and supposedly saved. The insurance company keeps it. Dave covered that.
The fact you're telling people to invest in AMC proves you don't know what you're talking about.
@@MartianAmbassador69 lol I mentioned Tesla apple mutual funds and ETFs. But I can’t say amc cause now I know nothing 😂 lol ok. Thanks for the insight.
I sold Lincoln Heritage...it is super expensive!
Great way to lose friends 🤣
Dave displays his ignorance, “anything that has a cash value is where I’m going I have a problem”
I have heard him say he is a fan of variable rate annuities. A variable rate annuity is extremely similar to a variable rate life insurance policy.
Huh? Annuities and trash value insurance policies are COMPLETELY DIFFERENT. Besides, you didn't even know the name of IUL. You kept calling them "UIL."
So I don't really think that whole life is that bad. My whole life Death Benefit grows with the cash value its not a 1: 1 more like 85 to 90 percent. I also get to choose when im done paying. The guaranteed cash growth is an average of 2.5 percent with an additional growth of around 4 to 5 percent. IT is not my primary form of retirement, but a good supplement. I also want to pair it with a ROTH and my 401k to immunize myself incase of future market volatility when I reach retirement. Is there people who could benefit term yes, but in the ball park of balanced portfolio this is my idea
Congratulations on giving your money away with only an option to borrow.
Dave Dave Dave....I love what you do my friend but you are mistaken. The type of whole life this chap is talking about selling is Final Expense. It is targeted at low-income individuals who are just looking to alleviate the financial burden of death for their families. Most don't have long to live, have health issues, and cannot qualify for term insurance because they are too old. Final expense is the only way they can get coverage - and they have no means to save enough money with the time they likely have left. Keep in mind dude, some people buy life insurance because they need life insurance - duh.
"...and they have no means to save enough money with the time they likely have left." So, if they can't save money, how are they going to be able to afford a $300 to $500 monthly trash value premium?
@@astroman30 Uh I think you need to do a little homework. Final Expense is not $300 to $500 a month...it is like $35 - $50 a month on average. Do your homework skippy...
Dave does not understand whole life insurance. At the heart of every straight whole life policy is a decreasing term insurance component. That's the insurance part. The other part is a savings portion. One must calculate the internal rate of return before surrendering any policy. Many older policies actually have a decent rate of return. In the early years the death benefit is the insurance part; the death benefit from a mature policy is the savings part. As interest rates go up whole life will make more sense for some high income people who want an estate. Of course with term life the company "keeps all the money" and more often than not pays no death benefit; that's why it is cheap. Does whole life make sense for low income people with little other assets who need a big benefit in case of early death: No. But this is not always the case and each situation should be evaluated individually
Simple Question, who "keeps all the money" in the cash value when the client dies?
@@astroman30 The problem arises with the term "all the money" which creates confusion. If you die early on when you paid only a few premiums your heirs get mostly the the insurance company's money. If you die in your 90s, your heirs are getting the "savings" part of the policy (the extra money you paid beyond what a straight term would cost plus interest). It is term insurance where the insurance company usually keeps "all the money" because people tend to stop paying premiums or outlive the term. Very few term policies actually pay out at death that is why they are cheap. The company keeps "all the money" with home owners, auto, travel insurance, etc. unless there is an adverse event. That is why you see so many auto insurance ads because for most clients the company usually keeps "all the money". Dave just doesn't get it.
@@warrenSPQRXxl Yet, through all of what you typed, you never answered the question: WHO KEEPS THE CASH VALUE WHEN THE CLIENT DIES?
@@astroman30 The cash value becomes the death benefit. If less than the death benefit, the term insurance part makes up the difference.
@@warrenSPQRXxl "The cash value becomes the death benefit." By all means, name your provider that uses this phrase and pays out the DB and CV to beneficiaries. I want to screen shoot your comments and email them so you can get the commission. Keep in mind, these LI companies (NYL, MM, Guardian...etc.) do not like their products being misrepresented.
Whole life I sell to really old clients. They buy x amount of years of mortgage payments for a decent price. Equity protection! Without it foreclosure would happen!
Mortgage payments? Please, elaborate.
I was went AIL. It's more comfortable selling a McDonald's hamburger.
What should you do if you outlive your term life insurance and by that time you are not eligible for any insurance because you are too old? You leave your family with no death benefits when you die? Permanent policies like whole life, IULs and final expenses have a purpose for too. They are not that total evil David Ramsey paints.
Any trash value insurance (Whole life, IULs, VULs, ULs) are for morons who don't know how to invest. It's the laughing stock of the financial world.
Jesus Christ died for our sins according to the scriptures and that he was buried and that he rose again the third day praying for everyone everyday God bless you all
I hope Jesus had life insurance.
@@Chromewarrior would the insurance company ask for their money back once he rose again after the the third day?
Thats why Im Catholic!!!
@@johnyang1420 - I never understand why people call themselves "catholics" and not the term actually used in the Bible, "Christians."
Did he have Term or Whole Life?
I read all these comments about him "exposing" whole life. You guys should really think for yourself and not just accept everything he says as if it's the gospel. Whole life has been around for hundreds of years. Do you suppose that would be the case if it was valueless? I wish my grandparents had bought a whole life policy on me when I was a child. If they had (with all of the years of compounding) I would be set for retirement. The fact is that term insurance becomes unaffordable later in life, so if you need insurance later in life, whole life is the answer.
Snake oil has been around 100s of years. Time shares have been around since the 80s.....what's your point? What part of "The insurance company keeps your cash value" do you not understand? I'd rather my parents opened a ROTH IRA when I was a kid instead of a trash value policy.
If they used that same amount and invested in a low cost diversified index fund you'd have $300K more and be more set. It's not valueless it's a bad investment product and a poor insurance product.
NOT A GOOD DEAL FOR THE PERSON WHO BUYS IT? So what?
This guy should just get his casualty and property Insurnace sell Life Insurnace
On the side. I would recommend him go work for AAA insurance they have a nice program
I would only do business with a company who sells ONLY term insurance.
Primerica
Awesome, Dave! And that guy has a great future. But he should quit now and connect with Primerica. It’s exactly what he’s looking for.
💯
yess !!! HURRAH TO YOU !!! THE LORD WILL OPEN OTHER DOOR!!! YOU’RE WISE TO ASK FOR AN ADVICE !
High cash value whole life insurance works for me, I pay my off in five years. The Rich and Banks have been putting their money in whole insurance cash for years. Day one I could borrow against my cash value taxes free and still earn interest on the full cash amount. Insurance agents are pay less commission because you have more money going in your life value than death benefit. That is why only a few good men and women sell 'Becoming Your Own Banker".
I love Dave Ramsey because he helped me become financially literate and free when I didn’t know where to start and made little money. Then I started making serious moves and started making more money. using life insurance and borrowing against it to be my own tax free bank became a necessary move. As a swimmer I equate what Dave Ramsey teaches to learning how to calm down and float on your back when you first get in the water and are just learning how to swim and are trying not to drown becoming your own bank using life insurance is the equivalent to scuba diving it’s for the experienced swimmers who know what they can and can’t do in the water already and have passed tests.
Good to read of others who get the full value of Max funded whole life! It's a game changer for the wealthy!
Most large corporations are self insured which is exactly the same concept as term insurance. Dave promotes term insurance until you have the assets to where you don’t need insurance.
Most people are begging, stealing scamming so selling a twisted policy is way way better imo. Dave Ramsey's opinion are good but he should leave some to himself especially when someone recovering from drug abuse.
But it's his show ...about his opinions...so I don't get your comment....you could not listen...that's a solution to. I wonder if he sold your mother the same twisted policy you would be ok with it... because oh poor guy he's a recovering addict
@@MS-ey3lb I think you didn't get my point buddy, You been living too safe. There are infinite twisted products in this earth being sold already how can you stop one and think he is going to sell a novelty product next. Do you think selling Tesla a great deal to your mother, it's totally consumers choice not sellers.
@@TheSandsplash sellers have moral responsibility to. I know people who sell whole life they genuinely think it's good for the clients. This guy knows it's not...and he knows why it's not....so in my eyes it's not ok for him to cont. To sell this product
The only thing is that term life is only around 20 to 30 years max. So what happens when term policy expires?
If the policy expires before you the money is gone. However it’s super cheap to own.
Simple, you use those 20 to 30 years to put yourself in a financial situation where you no longer need any kind of life insurance.
@@chrisstaub5880 😆 bad advice. Even the wealthy have whole life insurance policies. Term is for if you're broke any way. That's why everyone has it.
@@rehn4529 - Bad advice? My oldest term policies are just starting to lapse and I'm not seeking to renew them. I've avoided Whole Life for a couple of decades and have faithfully invested the difference. With a net worth over a million dollars the average person would likely call me "wealthy." And yet, both of your above claims are not accurate with regards to my situation.
People that buy Whole Life are those that are willing to overpay an insurance company instead of choosing to have a disciplined plan to better their financial situation. I opted to make a financial plan and I've reaped pretty good rewards for my diligence I would say.
Financial success is as much about buying the good financial products as it is avoiding the bad ones.
If I had to guess I'd say you either sell whole life or that you're just trying to justify to yourself the hefty premiums you've been paying for years.
$200k death benefit for $5 month? Is he serious?
He should sell something else. But what do I know!
Dude, Dave’s takes are wild sometimes.
a new/different job might be hard to impossible depending on the toll that addiction took on his life and his ability to get jobs from an employers standpoint
That is an absolutely absurd thing to say. Completely false.
Judging by the video title this is going to be interesting.
The life insurance salesmen always make it to the comments and pretend that they're "disinterested" parties. It's hilarious. And frankly pathetic.
@@colin1818 I do not sell life insurance. I am in fact an old retired man whom enjoys the channel.
@@waterbottle4782 - I didn't say YOU were that person. But those people will definitely find this video and comment ad nauseum.
Buy term and lose the difference...
What happens to the cash value in your trash value policy?
First of all the guy who card said he’s gonna sell final expense which is whole life , however , final expense is for senior people in their 60s or older that don’t wanna leave a bill behind when they die , and people with fixed income and social security, in other words poor people are the ones that need this type of life insurance , so no Ramsey is wrong and didn’t really guide this guy to a career where he will actually help people
Your grammar perfectly represents those who are in favor of Whole Life insurance.
@@astroman30you’re here to bitch and correct others more than giving your input
So term life doesn't give any money out to the family?
Yes....it's called the death benefit.
It does it’s the only reason you should buy insurance. For the death benefit
is it just me or does this guy not sound exactly like ramseys co host john?
Final expense is for persons 70 and older whom have not used an IRA to pay for their funeral. Sorry Dave, but you are WRONG on Final Expense.
Still it would be better to buy a pre paid funeral plan than to purchase a trash value insurance policy.
@astroman30 Not even remotely true. Pre paid is buy far WAY more expense and actually puts people in debt. Final expense is cheaper than a lot of term policies. Final Expense is not trash value investing it is to pay for the funeral. That is it... The Final Expense policy typically cost between 30-70 dollars.
@@allengill6326 I know how this works on people who don't need it. Sometimes, insurers push people who want to purchase final expense insurance towards more restrictive and expensive policies. This is more common when a consumer doesn’t present major health problems.
@astroman30 Again, Final Expense is for certain individuals. As far as pushing a product, that comes with sales in general. Also, most insurance companies that I have seen are trustworthy companies which is why this product is good for a lot of families ie 70 and older.
@@allengill6326 “trustworthy insurance company” is the same as an “honest politician”
Research IUL....and why affluent and banks use WL....key is design....life Insurance option B pays out cash value and death benefit...
IULs are garbage with their high fees/commissions
I want to be a agent insurance sell where can I start in Spanish
sell Index Universal Life
IULs are garbage with their high fees/commissions and capped gains.
tag sells im about to sell whole life. So hes going to sell his entire life and his soul
at the same time Dave say's buy a house cash, when 90% of americans cant save 1000 dollars.
All the better reason to pay less for life insurance and not overpay 10x or 20x more in premiums to an insurance company.
Dave only highlights the McDonald’s whole life burger and then tells you not to eat burgers at all, well my home made wagyu burger isn’t all all like he described. Just to say, yes there are bad whole life policies and there are great whole life policies. Sheep
Research, education is key, of course...not one-sided agendas
I've researched it all. Trash value insurance is still a bad purchase.
Is Dave Ramsey your Dad?
ALL insurance amounts to gambling that something bad will happen to you.
Car wreck to get paid on car insurance.
Die to have your family get paid on life insurance.
Get sick for health insurance to pay.
The "actuarial tables" are all based on the insurance company collecting more than they pay out.
Like any gambling institution,it's designed for "the house" to win.
Out of $100 in premiums paid, appx $60 goes out in paying claims.
Slot machines generally give back $90 + of every $100 that gets put in (then the people put that back in and get 90% of that back....
Your odds are better with the slot machine.
Look up the phrase "Risk Management." I buy homeowner's insurance every year and never made a claim. Does that mean it's a bad purchase? No!!! It's a risk management purchase to lessen my losses on a catastrophic event.
@@astroman30 That's the sales pitch.
In other words, you own a $300k home and won't buy homeowner's insurance because "the house" wins. You know how stupid that sounds. I buy homeowner's insurance every year and never made a claim. Does that mean it's a bad purchase? No!!!! It's called "Risk Management." Look it up.
4:25
Primerica clowns...
No one is pushing Primerica. Try harder
I work for Primerica, join an Amazing team who doesn’t promote Whole Life.
Primerica one of the worst, unprofessional biased companies,agents....their term rates very high.....stay away from them!...
this is a religious show
ugh
Don’t let that send you away. I’ve changed my life financially thanks to Dave. I ignore his Bible stuff.
I thought non-religious folks were more "tolerant", non-judgemental & loving to everyone but then again the comment seems to be the opposite of what they claim to be...
@@leonaj.5835 no, they’re realists.
@@JimmyMook700 It's "real" disrespectful to insult a religious person while personally benefiting from their financial advice which "realists" can't figure it out on their own, but religious people can...
@@leonaj.5835 you’re right! I apologize. I am a Christian and I was just playing devils advocate. Have a nice life!