Unlocking the Infinite Money Banking System - Chris Naugle

Welcome to the Proving Podcast where it doesn't matter what you think, only what you can prove. On this episode, Chris breaks down from being a pro snowboarder all the way up to creating internet banking, taxes, and crypto. Remember, everything on here has been proven backed up by data and debt gate. The show starts now. All right, everybody, welcome back to the show. Today, I'm with Chris, man, I'm super excited to have you here. Thank you so much for joining us. Oh, it's an honor. Thanks for having me on. For the four or five people who don't know who you are, did you tell people who you are and what you've done and kind of what you're known for? Yeah, I mean, I'm the guy that teaches people how to take back control of their money by teaching them how to beat the bank. Essentially, we just teach banking 101, but privatize banking. You know, banks have really made my life miserable or made my life miserable back in the day. And ever since then, I've been on just this mission just to show people like, don't rely on the banks. Don't put all your eggs in the bank's basket. Take control of your money and learn how to beat the bank yourself. So that at a core, that's what I do today, but that's not what I've always done. I mean, I was a pro snowboarder when I was a younger kid. I grew up in Buffalo, New York, to which that's where I'm still at. And this isn't the mecca to be a pro snowboarder. I can tell you that. We get a lot of snow, but we have hills, man. We don't have mountains. So the hardest thing for me when I was a young kid is, you know, I was always a dreamer. I grew up in a lower middle class family. My mom raised me and the funny thing is my mom always believed in me, but nobody else did. So when I told everybody, I want to be a pro snowboarder. It was kind of like, you know, they were just laughing at me. And family members are like, well, okay, great. You know, but let's get realistic. And I'm like, no, I'm being real. So it was really difficult. And it forged who I am today. So I'm talking about when I'm a young teenager. Okay, this is when this happened. To really take it serious, two things had to happen. Number one, I had to realize I didn't have the resources to go to the resorts and get traveling and have coaches. So I had to do it the hard way. I'd watch videos in school. I would draw the vision boarding. I didn't know anything about it. But I would draw pictures of me doing the tricks that I saw in the videos in the magazines. At the end of the day, I had figured out, okay, I can't afford to go to the resorts. We had this, this country club by my school. And mom would drop me off there. It was in a ravine. And I, I just, kids always sled there. And I knew like they'd always jump the sand traps. So they'd go start at the top of the hill, go down, they hit the sand trap and they'd build jumps out of it. I'm like, perfect. You know, you got an in-run to get speed and you got to out-run is landing. So I started going to the backside of the country club. And there was this one sand trap. I built jumps out of it. And pretty big ones. I would get all these tricks. And mom would drop me off. I had about an hour and a half, two hours before it got dark. And I would drill one trick every day. And I would hit it. And in my mind, I would like make little tweaks every time until I had it perfect over and over consistently and persistently I did this. Then when I got to start competing, like my tricks were dialed. So it wasn't like I was learning tricks at the resort or at the contest. I had these things on lock. It was just a matter of, okay, what trick am I going to do here? There. So I very quickly like became like a snowboarder that was winning contest. I got noticed that became an am. And then as an am, I got more opportunities to compete, which I was winning again. And I just loved it. And then I'll never forget. I still didn't think it was possible to really be pro from here, but I had the goal. I heard of these two pros, Blair and Shane. They were big Burton riders. They were going to be at the resort filming for this new video. So I asked mom, can I take the day off at school? And I drove, I had a car at this time. I drove down to the resort. And I remember talent these guys. There was nobody at the resort except for them. And the one guy Blair noticed me and he came up to me. I was so nervous. And he said, Hey, you know, I see you ride and you want to ride with us. It was like the greatest thing ever. So I got to ride with pros that day, but it wasn't riding with the pros that did it. It was the fact that these two guys were from Buffalo, the orchard park, but it's a suburb of Buffalo. So if they could do it in my mind, I knew I could. I just knew it would be hard. And I know I spent a lot of time on that, Charles, you know, but that is everything in my life. Everything in my life has been all about understanding that the only way to fail is to quit. So I'm just not a quitter. We were talking about swimming before. I suck at swimming, but I'm not going to quit because I just don't know how to. And the second thing is I am just one of the most consistent and persistent idiots out there that will just keep doing something over and over and over until I master it. So with the snowboarding career, I couldn't have a regular job. You just didn't have time. So Charles, what I did is I remember I quit my job at 16. I thought mom was going to be so mad. And I told her I have this idea to start a clothing line. And it was going to be called fat clothing company, PHAT. This is 1992, just so everybody knows like I'm dating at the bit Charles because we're the same age. Just a little bit here. Yeah. So, you know, I had this art teacher, Mr. Maholsk, he was really artistic and he printed shirts. So I would go there after school and I would print the high schools or the middle school shirts with him. So this is kind of how I got used to screenprinting. And I just said to him, I said, hey, if I come up with a couple of designs, can we print some shirts on, you know, my graphics. And he said, sure. So I started doing this. We printed them after school. And then I put them in my backpack the next day and I'd sell them to my friends. I did this over and over again, kid, assistant persistent. Then I was traveling to the East Coast of Vermont, New Hampshire, Maine, snowboarding, contest. And I would just stop off at all the places off the 90 that were snowboard shops. And I would sell my clothing to them or consign with them. So now, I had distribution literally from Buffalo all to the Eastern, you know, seaboard. So I was doing well at 16, not crushing it, but I wasn't in business to make millions. I was in business just to fund my passion, which was snowboarding. That led to when I was 17, I got this idea because one of the shops that I was selling my stuff to that I needed my own shop because I needed that freedom. So in November of 1994, I opened Fatman Board shops in the Lockport Mall, which is a small tiny little rinky dink mall back in the day. And that only happened because I learned how to write business plans. So I would go to school. This is interesting. School for me was very different at this point. Most kids went to school just to get done with school and get their grade and move on. I went to school because school is how I learned how to run my business. I had my, my, Mr. Crawley was my accounting teachers and funny how like we remember the teachers that made marks in our lives. And this is what 30 years ago for me. Yeah. So and I bet you every one of your audience listening to this can probably name that teacher that made a difference in their life. It's such a awesome thing to think about. Mr. Crawley, my, my business law teacher, Mr. Maholskia, all these people were pivotal because they were teaching me how to run my business. And I'm 16 years old. But school was very different because like obviously I had a whole different interest. I was learning and applying that night. And I did this straight through even the two years of community college. So when I opened Fat Man board shops, the only way it happened was because I had these teachers that taught me how to write business plans. Okay. And then the second part of it was my mom who had nothing, you know, we grew up very, I'm not going to say poor, but definitely just a smidge in above that. She got the house. It was a 700 square foot two bedroom one bath house in the divorce. And I remember everybody said no to me about this. I needed a loan to open the store and everybody said no. My whole family, like my dad said go get a job at the factory blah, blah, blah. But my mom saw this happening and you know, like I finally had an opportunity where one bank would lend me an SBA back loan, but they wanted collateral. And I didn't understand collateral. I'm like, I got a Kax 125 dirt bike and 86 Buick skyhawk and a wicked baseball card collection. What do you say? And they're like, no, we're thinking like a piece of property of 17. I'm like, I don't have a piece of property, but my mom did. And she was crazy enough to believe in me. And she put her house, our house, she called it on the line. So I could get that SBA back loan. So the dream became real. I literally lived. We were talking about like a heavenly place being in the water in the morning when the sun's coming up. But like this was my having heavenly place back then. And it lasted for a while. Lasted all the way to the early 2000s when the dot com crash, the recession took whole. Then it was the first recession of my life. And I was a business owner highly leveraged. So that when that recession hit, I couldn't afford things. I could barely make my truck payment, which was $199 a month back then. And I needed to find a job. So I put my resume out, my resume, just so everybody knows isn't fancy like most of you listening. It was one page like I had high school. I had two years of community college barely. And I was a business owner. But the unique thing was the people that responded were Wall Street. Now think about that. I'm a pro snowboard. Every day I wear a beanie in the hoodie to work. And then all of a sudden I put my resume out. And the only people that want me as a isn't you know, to hire me is Wall Street firms. Big ones. And I'm like, what the heck? So I had to figure out how to pursue down. And I had to figure all these things out. But I ended up entering Wall Street in 2003. And I spent 16 years, you know, in that hell hole. But we won't really talk about that. I was very good at it. And I learned a lot. So let me dissect it. There's a lot there. There is. Yeah. There's a lot of engines. Okay. We're not gonna run out there. So let's let's let's dissect it. There's two things that confuse the hell out of me. I'm from Florida. So you kept mentioning, I don't know how to pronounce it properly. Snow? I don't know what the hell that is. So I don't know what that is. You're snowboard. I don't know what I don't know what you're talking about. That's so sure off the bat. I'm from Florida. I don't know what snow is. We'll get back to that later. You also mentioned right off the bat that there was a way to monetize a B-year-old bank. So for most people, when there was like, I don't care about snowboarding, man, how can you become your own bank? How did you? So what does that mean? What is that? So let's jump through all the bunch of stuff. So I got into real estate because a wealthy client of mine was in real estate and said, you should be in real estate if you want to make real wealth. And I did. And I was in Utah snowboarding. And this guy who was lending me money from my real estate deals, the name was Mike. He was super wealthy guy. I was out there. I said, hey, Mike, I got a deal. I'd like to present you. And I said, can we meet up? So we met at the Cheesecake Factory downtown Salt Lake. And I remember talking to him. And I just said to him, I said, Mike, how do you fund all these these deals? And without a flinch, he says, I fund from my private bank. And I'm like, hold crap, Mike's got a private bank. And I'm like, tell me about it. Because I'm an advisor at this point. So I knew a thing or two. And I just want to know what is Mike's private bank. Well, first I thought it was an actual bank. And he told me it was. And he says, but here's what it is. All I did, Chris, is I changed where my money went first. I put it into this account where I earned guaranteed interest for the rest of my life. And it never changes. So I'm like, in my mind, I'm thinking guaranteed interest. Cool. And it never changes. So savings account goes up and down. This one's guaranteed. So I'm like, what could that be? And then he says, and I get dividends every year. And then I am like, okay. And he said, and it grossed tax-free. So he's like saying all these things. And I just keep my, my, you know, bullshit meter keeps flying up, thinking, oh, there's no way this is even possible. But he gets to the final point after he tells me it's guaranteed is dividends is tax-free is protective from judgments and leans. And then he says, and when you come to me with a deal like this, what I do is I go to my private bank and I take a loan and I give that money to you, called a hundred grand, just for nature of the math. Give you a hundred grand. And then you pay me 15% interest on that. So then I take the interest you pay me monthly. And I put it right back into my private bank. And the best part about this whole thing and then he tells me he says all $100,000 that I had in my private bank is still in there earning guaranteed interest plus dividends in a tax-free environment while you are paying me money a second time at 15%. So I'm effectively making money twice on the same dollar. So just let, let that sink in for a second. So I had never been exposed to what you're going to hear in a second. But I heard this. As an advisor, nothing he said meshed. I couldn't fill the boxes because I had all these independent boxes. They hit all the things he said and none of them worked as one. So I was just blown away and then I said, Mike, I said, this is amazing. But what is it? And he kind of looks dumbfounded at me. He's like, you're a financial advisor. You know exactly what this is. And I'm thinking, oh, yeah, yeah, I do. What is it? And he says it's especially designed whole life insurance policy. And I'll say, I'm like, that was like nails on a chalkboard. I'm like, no, no way. It doesn't work this way. But indeed, it did. And he even told me how it worked. And I said, all right, well, I need to do this. I need to set this up. And he said, well, I can't help you. This guy Brent did. So I called Brent on the way back to the hotel from where we were. And Brent said to me, you got to watch this 90 minute video before we can talk. I watched a 90 minute video reluctantly because I didn't want to. And in that 90 minutes, that it broke down how this has been used for hundreds of years. He broke down how the whole life is different. The design and engineering of the whole life is different than a normal whole life. And then he explained the keys, which is the banking component. And then all this and it's all called the infinite banking concepts. So walk me through because they're not going to spend 90 minutes. How can we do that in 90 seconds? Walk me through what's easy? Is it? How does it work? Let's let's go through that. Let's just let me just give you an example. Okay. Every one of us work for money and we save money and we put it into a bank account first. That's what we do. So let's just say all you did is you took the amount you were going to save and you didn't put it into the bank account. You changed one thing and that's where it went. You put it into a specially designed whole life. Now on the other side of your budget over here, you've got bills. Most people have car loans. They have credit cards. Let's just pick on a credit card, right? Let's say you got a visa that you owe $5,000 every month. You pay $100 a month to visa and it's 20% interest. Everybody's got that, right? That's normal. So over in this side, you save up $5,000 inside this whole life policy. And let's just say you do that in two months. What we do is we immediately would take a loan from the whole life. Think of a circle, okay? Or a monopoly board. The money goes around the top part of the circle. You took the loan from the policy. Five grand now is in your hand and you use it. You pay off visa. You were paying visa $100 a month. That was your minimum interest and it was 20%. You change. You no longer owe visa 100, but now you owe your bank 100. So you write a check for $100 back to your policy, okay? So the exact same dollars that your cash flow has not changed. Now let's unpack why that makes sense. First off, your $5,000 that you had in that policy is earning guaranteed interest plus dividends in a tax free environment. And let's just call that 6% because that's we could go anywhere between 5.5 to 6.4. So let's use 6. To borrow the money, it's going to cost us 5 because the insurance company is going to charge us 5%. So when you think of a bank, how does a bank work? You put money in a bank, a bank pays you interest. Let's call that 3% by today's numbers. That would be high. But when you want to borrow money from the bank, does the bank charge you more or less than 3%? Who'd be more? Always more. So let's say 6. The bank makes a 3% spread. That's how banks operate. They make us spread, okay? And they do it with very little risk. To be your own bank, you're mimicking exactly what a bank does, but you have to get out of the banking industry and you got to get into somewhere where you can control your money. And that is the insurance world. That is the life insurance industry where you can do that inside this whole life policy. I didn't invent this. The Rockefellers and the Morgan's and the Stanley's did way back when. But anyway, so now let's just keep going back to that. You started with 5 grand. You took 5 grand out paid off visa. You took the 100-dure paying visa. You paid it back to yourself. What is your return on your money at this present point in time? 20%. It's 20%. You were paying visa 20 now. You're taking back 20. So you make in 20. But you see, you're not just making 20. You're making 20 plus the spread. But here's the thing that most people need to understand. This is just mathematics. Everything I teach is math. If you're making 6 and you're paying 5, okay? The spread would be hypothetically 1%. Right? So we can all figure that out. You're making 1% plus the 20 you're recapturing. But now every month you're paying the $5,000 down. So you're not paying 5% on 5,000 anymore. You're paying it on $49,000, $48, $48, $47. So every year you're driving or every month you're driving down the APR. So every time you're doing this, you're fully keeping liquidity because that 100 you're putting back in the policy becomes available the next day. And you paid the loan down to the insurance company. So now your APR is lower, which means your spread's getting bigger. And the one thing that I'm sure a lot of people are thinking, and let me just wrap this in. I sorry I couldn't do it 90 seconds. But the insurance company, when you needed the 5 grand, you didn't take your 5 grand. You use the insurance company's money. They literally advanced to $5,000 of your death benefit that you won't get. You will never get your beneficiary will get when you die. But they'll give you that money up front before you die up to the amount that you have in your cash value as collateral. So 5 grand, you can use 5 grand of your death benefit. So that's how you're doing it. You're making uninterrupted compounding interest on all your money while your money is out working and making money a second time. That's the simplest way I can explain it. So let me try and dumb you it down even more. Let's say you've got to have some money in dollars. And you need 250,000 of it to invest in a real estate deal. Perfect. Going to do because it is what it is. You go and you buy this whole life insurance. You have the money in there. You put all of this cash in and you put 5 grand of your pay in there. You then go to them and say, listen, I'm going to go invest into this. So my balance hasn't changed in my whole life. They give me a loan, which is that I'm guessing a certain percentage. What is that percentage normally for that $250,000? And today's interest rate environment is about 5.25 percent today. Perfect. So you take that out and you give that money to this investment that you're going to do. You have to pay that 5.25 percent, whatever the note is on that. So it's at first I did. You have to make that payment every single month. No, but you're going to stop you. You don't have to make that payment every month. The insurance company charges the interest one time a year. So you basically have 12 months to use that money before any interest has ever due. Jesus. All right. So I take that money out. It technically isn't money. My balance is still there. Yeah. And your full 500 grand is still in the account. Perfect. I take this money. I invested in my real estate. If I close on that deal, because real estate, most of the deals that we're doing don't make it more than 12 months. There's just no way. You're going, you're getting in and out of it. You're basically taking that $250,000, which is now free money to you because you haven't paid the interest on that. You do the deal. The deal flows is you get your 250K back out of the deal. You get your nut back. You get your principal back. And if you're doing this with cost segregation and you're doing this off the taxes, it is what it is. You offset it. You hit your 250 back. You pay back the interest to your life insurance. You pay back for principal. You'd be at the 250 back. Yeah. Right. So you pay back the interest to do. And that's one of the next questions. Whatever the interest is for those five to six months or that eight months, whatever it's been exited from there, you can do that in environment. What the bill doesn't come due for another 12 months. That is correct. So what happens only time the insurance? Go ahead. Go ahead. Yeah. What happens if for whatever reason the real estate deal goes belly off or whatever it happens. It happens. So you're still on the hook for that loan. And now you just got to pay it off at a 5% interest rate. Well, yeah. You have a loan. The insurance company, this is a goofy thing and this is going to make sense right now. But the insurance company will never ask you for the $250,000 because the insurance company knows they're going to get it back the day you die. They would love it if you never paid them back the 250,000 because they're getting interest on that 250,000 the entire time if you don't pay it back. Now that all in the you're thinking that that's terrible. But remember, you're 500 grand is still there earning interest dividends in a rate higher than what you're charged because there is an arbitrage. So in every year that goes on because of compounding interest, your arbitrage gets bigger and bigger and bigger because you have more money that's compounding because it's interest earning interest on top of interest, right? That's compounding. So if you if that happened and listen, I've been in real estate since oh six, it does happen. Where are you ever lose a full 250,000? Yeah, but yeah, you might miss me. Yeah, so let's just say you bought a deal for 250,000. You took the money from your policy. Something went sour. Now you only can put 100 grand. You got you could sell for 100 grand fire sell it, right? You get to take the 100 grand. You put that back in the policy. So now you're still on the hook for 150,000 over the interest on the 150. Now that that would be a bad scenario, right? Because like you're like, damn, now I got this new expense every year. The insurance company sends me a bill for this 5.25 on this 150 grand. That sucks. But on the flip side, you have $500,000 still compounding. So when you look at the interest and dividends you earned on that 500,000 and then you compare it to the interest that's owed on that 250 or 150,000 left, you're way ahead of the game. You could just take the dividend and pay the interest with the dividend listeners. So this is a great example. Yeah, if you're if you're making an extra set, let's just make up numbers because we're stupid and it is what it is. This is a plan. $500,000, you're making 10% on it just to make life easier. That would be what? You want to run the numbers on that? Oh, that's good idea. 10,000, 500 grand wouldn't it be 50 grand? Yeah, so let's say you're making 50 grand on it, right? Just for this crazy numbers, please, those you plan on. Yeah, don't hold us to the math because we're giving you examples. We're trying to dump this down. We're trying to get this on the Kitter-Guard level. You're getting 50k coming back from that. You've taken turner 50k out. It goes belly up. You only get to put 100k back in. You're now paying interest on $150,000 and let's say it's 6%. My hallucination is are you telling me it's even lower than what I'm getting or is it going to be more than the 10% that I'm getting? No, how could it be? It's just math. You're able to say no is the interest rate is it higher? Is the money is the interest rate that I'm getting from my whole life insurance higher than the loan amount? Yes, it's the interest rate. Yes, and I don't know a single period of time back. These insurance companies have all been around 140, 150, 160 years. I don't know a single period of time ever in that whole period where the interest and dividends earned on the policy were less than the interest chart. I'm going to say this right? Yeah, or less than the interest chart. Never. And today is the thinnest it's ever been because we're in a high interest rate environment. It's the thinnest, but you're still making money. And as time goes by, you make more and more and more. Perfect. So in our study example, we're getting 10%. I get don't hold us to this. Yeah, because we're not getting 10% from the end. That's what you're going to get. Well, he's understand that we're going to be omitted down for you to make life easier because most of your driving or walking or doing something else. I'm going to 50k a year off my original 50k about a $500,000 balance in this example. And I know I'm going to get comments where we did it wrong. I understand, shut up. We're trying to break it down. I'm going to 50k. I pay back the 100k of my fire sale. I got screwed up. I got 150k note that I have to pay 6% on. The note will be covered by default. If I want by the interest that I'm making from my original 500k about that is correct. Is that what we're saying? That's breaking wild. So walk me through then. Let's say we have a crazy person that takes over office and the dollar goes to Kabul. What happens then? Because most of your back by the FTC, they'll give you 250k per institution. That's an important thing. They'll put 500 grand in bank of America and expect all 500k of it. Just you know, people in Silicon Valley bank got a hall pass. You all think, oh, well, in Silicon Valley, they've got to have. Listen, there was a lot more behind the scenes. You don't know about that. We don't have time to get into it. But please don't think that's going to happen to you. If you got more than 250,000 in a bank account, that bank goes to insolven. You are screwed. I'm sorry. Nobody's going to come rescue. 99 years to pay you back. It's in their bylaws. They have almost a century to pay. You're not getting that money. No, no, no, no, it's over. And I'm starting to tell people that it's over. But you're right. Yeah. So now let's talk about the insurance industry. So the insurance industry is unique. It's actually much bigger than the banking industry. Do your own research. You got to have to believe what I'm saying. The life insurance companies probably own every one of the bank buildings in your downtown. When you look at Zion Bank, you look at Bank of America and those big skyscrapers, the insurance companies own those building because they have the money. Banks have your money and have fiat currency and fractional reserve banking insurance companies. They have the meat. Sorry. Didn't need to plug our bees. So when you really are looking at the industries, the reason the Rockefellers, the Rothschilds and the wealthiest families throughout history have used life insurance companies to store the big significant portion of their wealth is because of stability and safety. Don't think FDIC has come into save you. Okay. But the insurance companies, let's say they did go insolven. Now the mutuals, look it up. How many mutually owned life insurance companies have gone insolvent in the last hundred years? You'll be quite surprised. There's barely any. But then go one step further and say how many clients lost money? Zero. And the reason for that is insurance industry is so big and so important that they have not just federal backstops, but they have state backstops. Every insurance company in that state feeds into a state guarantee fund that then will bail out an insurance company. And I've actually seen this happen firsthand, not with mutually owns, but with publicly traded insurance companies during nine or sorry, during 2008, AIG went insolvent because of risky business. Now they're publicly traded, but they got bailed out and you think the government bailed them out, which they kind of helped, but they were bailed out because of all the other insurance companies pulled together and bailed them out. So you got to really understand how this works. I don't know any scenario and you could do your research, but I've never seen a scenario where anyone with a life insurance policy has ever lost a penny because of a company going bankrupt or insolvent, even how rare that is. So when you think about stability, protection of your assets in the worst case scenario, you want your money at the insurance companies. Now let's talk about the dollar because this is a, this topic comes up all the time. If the US dollar went to put, okay, could it happen? I don't know, probably not in any time in the near future, but let's just say it did happen. What would happen? Well, first off, you have to understand that every single thing we do touch investing by C work for is denominated in US dollars. So if that happened, you have much bigger problems to deal with. Yeah, and I wanted to talk about this because it is important because people say, hey, go invest in gold. Go keep gold. If we get to the point where the dollar explodes and you're sitting at a supermarket with a cheese grater and grating off a little bit of gold, please understand if we get to that level of apocalypse, my lead is going to take your gold. That's for sure. That's on the high alert. If it gets to the point of apocalypse level stuff, I'm just going to shoot you. Yeah. So when people go, oh, invest in gold, invest in silver. Guys, if we get to the point where we have that level of collapse because most people have a level of ignorance about this, when you look at the last time we've had a reserve change, be it from the last time it happened was with the British pound over to the US dollar, UK was screwed, really, really badly. So please understand, you're not going to be running around with bars of gold, Javing off some divide, that's not what's going to happen. So please, and people are like, Oh, it's crypto is going to save us. No, it's just, Charles, can we spend a second just to talk about like crypto and you know, I'm on the same side as you are. I invest in things. I have intrinsic value and crypto does not. But let me, let me talk to about something that just recently happened that literally did give us a pretty clear indication of the future of what it's going to look like from the monetary standpoint. You see, banks right now are really struggling. You'll never hear this unless you go to the right journals and the right places where you actually get the truth, which won't be mainstream media. Banks right now are running scared. They're running scared because there's trillions of dollars exiting fiat dollars. So you're dollars, there's trillions of fiat dollars exiting banks going into stable coins more now than ever before in history. Okay, stable coins. I'm not saying Bitcoin. I'm not talking stable coins. You have to understand them. So now, Trump put in place the Genius Act or the Trump administration put in place the Genius Act. Please read it. It basically is the framework for the future because what it's doing is it's giving the regulatory and all the groundwork for stable coins being able to be deposited in traditional banks. Now, this poses a really unique situation because banks, they're so big and they have so much legacy software built into them that they can't just pivot and all of a sudden open up the mechanisms for, well, safely, the mechanisms for stable coin deposits. So I tend to be a big thinker. Okay, maybe sometimes crazy, but you know what Steve Jobs said, the crazy ones are the ones that change the world. I have created with all my companies. We're the largest in the country for BIOB, Be Your Own Bank. Okay, that's what we explained earlier. And we also have a company called private money club.com, which is it's like a dating site for money, people with money, meet people that need money for real estate deals. It's just that it's just a community. There's no one in the middle. So literally when when I saw the Genius Act and I read it, I thought to myself for that, you know what? Somebody's going to have to create the solution to solve the bank's problems for this digital exchange, this place where this can happen. Now in the life insurance industry, there's been some unique case studies that have happened where, you know, the life insurance cash failure, one of the safest places to put money can be brought to the blockchain. A coin, we'll just call it a coin. Okay, it can be created that has the backing that is backed not by dollars, but by cash failure life insurance, which is denominated in dollars. So let's be real about that. So now you've got a coin that is backed by cash value life insurance. Now you've got something that literally eliminates all the risks that you have in the safest investment called treasury bonds, which is interest race interest rate risk. You don't have that with cash failure life insurance. So this case that he's already been done, it's been proven, it worked. So now what I am thinking is I'm thinking, you know what I literally have created kind of a privatized banking system where we've got the depository, the BIOB deposits in the whole life. Then we've got the product, which is PMC, which is your lending division. Okay, and then we've created the software called the vault, which basically is the operating system for your personal banking. And then all I did is I got some really smart engineers and some people that really understand this world. And I started to think we literally with very little effort and coding and someone that's really smart with AI and blockchain, we literally can create the solution for banks. And then all of a sudden you start to think, okay, how much would a bank pay for something like this? Well, probably as much as you ask because they need it and they can't do it themselves in time that they want to do it. So I say that because the genius act back to the original thing, paints the framework for what potentially will be the future of our monetary system. Now, you got a lot of hurdles to get over. You got the Fed and you're seeing that every single day, the bantering back and forth with the Fed and all that, but you're seeing progress move on the digital side. But I just don't want anyone to think that, oh, I'm going to put all my money in blockchain or sorry, in Bitcoin and I'm going to right off and sell off into the sunset. I'd be very careful with that. There's too much volatility. There's too many unknowns there, but I just want you to understand that like the digital currency age is honest now with quantum computing and AI, where are you there? It's only going to go faster and faster. So if you really want to see what the future is just don't have to look very far. I do think there is because I learned very quickly from Mel and Simon, who's no longer with us. He was a 64th richest person on the planet. And his first billionaire ever met, you just don't invest in things that you don't fully understand. Oh my god. The third law. Well, yeah. It's we sat there and when NFTs came out, I'll look, that makes no sense to me. And when Bitcoin came out, one of the guys used the work reviews, like, hey, there's this coin that it's like a hundred bucks. You've got to invest in it. And I was like, it's world of workup money. This doesn't make any sense to me. I don't understand it. And Bitcoin took off. It's 120K. I still don't fucking understand crypto. We still don't understand how this makes sense because if you've got the Chinese government that has been manipulating their currency as a weapon of war because that's what they've been doing it. Because they're not going to fire nuclear weapons and manipulating their currency. And now you're saying, hey, congratulations to the rest of the world. We're taking away your currency, which isn't real anyway. It's fiat money. It's not real. We're going to take this away from you. You really think countries are going to let you take away that reserve to take away that power. It's never made full sense to me. Now for some people, they will come after me like, oh my god, crypto is great. I'm like, I love that for you. I don't understand it. I don't invest in things. I don't understand everything that people invest in. This is why I've had arguments with my VC friends. 70% of all VCs, if you're good, we'll fail. All your venture capital stuff are your individual investors. They will go to fucking zero. There's not been a single real estate deal that I've ever been part of. That's gone to zero. Because the building is almost can't. It's a tangible asset. That's why for me, I invest in things because my last name is Schwartz. We work coded into us. We don't like losing money. It's just a survival mechanism. It buys our way from not being put on trains and turn it into so that's why we love money. It's a lot of money. It's because we need to get the heck out of that. That's where this comes from. So when people are talking about this and they're talking about crypto and we could have a much longer conversation about this for probably hours as a whole. Please understand the act did not protect Bitcoin. That's not what not it all. I'm trying to do. So I was like, oh, Trump is so pro Bitcoin. No, he's not. No, he's not at all. Absolutely not pro Bitcoin. Complete opposite of that. So for those of you who are going to come at me, oh, dude, you are the first person that ever gets that. Yes. Please come after me. Red is that over the trouble of plus. It's a good thing to read the clarity act next. Please read genius act and read the clarity act if you really want to understand it. So like, would people come after me after the Affordable Health Care Act? And they're, oh, it's horrible. Cool. I'm like, cool. How many pages do I excuse me? I'm like, how many pages is the Affordable Health Care Act? They're like, well, I have no idea. So cool. So you've never read. So what you're regurgitating to me is shit that you came off the news. You didn't read all 614, 615, whatever it is pages of the Affordable Health Care Act. So before we get an argument, please go educate yourself. So if you want to have a conversation with me and you want to yell at me on my thing and make nasty comments, I welcome the conversation after it's educated because I can be wrong. I'm long all the time. Just ask any one of my extents. They will tell you that I am wrong. All the time. So with that said, back to banking, back to what we're doing here, I'm sure the crypto bro is you will come after me. I'm glad you guys have all made a million dollars and billions of dollars. Marvel's tough on to you and to your families. I love this for you. If you can sit down and you want to have a conversation with me about crypto, send my team a message. We'll have a conversation. You want to talk about it in comments? I'm just going to block you because you're annoying. Charles, I have to do this. I have to just say something on what you just said. First off, you are spot on. First off, no one should invest in things that they don't know like and understand. It is not just us telling you that it is the third law of wealth. Read the richest man in Babylon about the seven laws of gold. Then parallel that back to the six laws of wealth. Okay, so that's the first thing. Second thing, I know we just talked about a whole bunch of complicated stuff that a lot of people didn't understand, but I want everybody to know the same thing as Charles. I don't have one red cent of my money in any crypto at all. And I know some of you are like you're an idiot. Zero. No, no, you see, I have rules to my investing and intrinsic value is very important. Fundamentals are very important. I have zero dollars in the stock market right now. I have money in real estate. I have lots of money and treasury bonds, long term treasures because I understand how they work. The inverse relationship with interest rates and I'm going to make a lot of money, risk free there. But I just want to be clear that even though we just talked about stable coins and blockchain and everything, we did not talk about Bitcoin. And if you thought we were talking about Bitcoin or crypto, you clearly just don't understand it at all. We are talking about that. I'm taking the time to read the actual material of what the governments are doing. The people have all the power, the people who have made a fortune lately or illegally. Ascically, you're not having the conversation about if POTUS is legal or ethical. If you like him, if you're into orange chinos, I'm not having that conversation. I don't care what I'm trying to say is please spend more than 37 seconds watching CNN, MSWC, Fox News. Any of that, please stop doing that and research and read the actual act. No, through it. It's very boring. It's written in lawyer's on purpose. Please don't go on a conspiracy. Stay out. Read what it actually is. Or in today's world, go to AI and just ask it to paraphrase and give you the bullet points and the high levels of the genus act. That's maybe more realistic for most of people. Yeah, this is just the beginning. And then we can have an ethical approach instead of playing candy crush and actually read. Because we're talking about your wealth. But I agree with you. My number one rule when it comes to money is always money. Number one, number two, don't invest in things you don't understand. People understand crypto money. I love that for you. Muzzle tough. I don't. I buy real estate. We're in the process of buying two hotels right now. That's what we do. It's a different conversation. Because you can't lose all your money. You can lose money. I will never lose all your money. And I'll never go to you. As you know, like an understand it, your chance, your risk mitigation is done. Okay, because you understand real estate and you understand the risk with it. You can mitigate risk out of real estate extremely easily. Right. Well, what I like what we're talking about with the infinite banking idea and what you do about becoming your own bank is this concept of I take a half a million dollars. I invest into one of these investments. I actually designed whole life. Yep, especially designed whole life. You stuff for me. I invest in that. I whip out 250 K out of it. And even if the deal goes perfectly, and I'm stuck in it and I can't get my initial nut out. I can't. The interest alone of my 500 K will pay for my 250 K. So that's correct. Yeah, it's a bad. And we've created seat like some people are listening to this and maybe they think they know about the industry and they're like, that is in true. Okay. Just like you were saying, when you understand it, please call me. I don't care. How smart you think you are. I will debate you and I will win 100% of the time. You know why? Because it's not my opinion. It's mathematics. And we have created software that mathematically solves every scenario. So Charles, you could come to me with your example and say, hey, show me what this would look like. I have software. I could build his entire model. He could be as specific as he wanted with his real estate investment. We can build the modeling in our loan officer and it will literally show us how the pilot. It will show two scenarios. We can even get three where do it from a bank account. Here's what it would look like. Do it from your policy. Here's what it looked like. And it will show you the economic value of using the infinite banking concept and this stupid specially designed whole life versus just doing it the way you do it now. And you can see for yourself the mathematics behind it. You see, it's no longer conceptual idea. It's no longer my opinion. It is just mathematics. That is all we do day in and day out as prove hard, difficult problems. Solve them with math using very unconventional, privatized vehicles like the stupid whole life policy. But it is again, I can't preface this enough. It is not a whole life you would buy from your brother-in-law. These are highly specialized in design from a contractual level. So this isn't normal life insurance. Okay. It's designed an engineer to do what we're talking about because Charles, you could put 500,000 in and you could take probably 90% or 85% out immediately in the first 30 days. You won't find a regular whole life anywhere in the world that can do that. And how do you just take to normally set up? Is it days, weeks, months? No, it's usually like 30 days because it's underrated. They have to make sure that you look on good as good on the inside as you do on the outside. They want to make sure you're healthy and they're not going to have to write a big check for the death benefit in three months or three years. They want to make sure you live a long time because that's how they win. So yeah, it's going to take at least 30 days. Our average run time start to finish is 42 days right now. And what does the cost to set one of these things up? Zero. There's no cost. There's no, we don't charge anything to build the policy to set it up to run the mathematics. Now let's talk about the policies in or the cost inside the policy because there are some. Number one, there's a policy service fee. So every whole life policy has a policy service fee. It's $50 to $100 per year depending on which company we go with. So check that one. Okay. Well, well, something, but it's yes, it's nothing. Secondarily, there's a commission. So if we build your policy for you, we get paid a commission. That's how we get paid. But here's a unique thing. The way we design an engineer, the engineer, these requires us to put the lowest death benefit on the policy, which cuts our commission down. So if I tell you, Charles, that you're going to have 90% access to your capital in the first 30 days. Right off the bat, you need to know that I'm reducing my commission by 90% to design it that way because listen, there is no focus, focus magic here. It is somebody has to give so somebody else gets. This is why most people don't know this. Your advisor doesn't want to give. I get it, but this is just our business. This is how it works. I have to reduce my commission with the way I design the policy so that you have high early cash value and access to your money. So that's the commission. Okay. The third thing is the cost of insurance. Make no two ways about it. They're not just handing out death benefit for free. There is a cost for that. That cost is based in your health, your age and a couple of other factors. So there is a cost per thousand dollars of death benefit. And you might be saying, well, how much is that? Well, I don't know if you, if you could tell me all your specifics, your BMI and everything else, maybe I could get close. What is the average in those numbers? Well, it just depends. I mean, depends on how, so when we design a policy, we're not selling you a death benefit. Well, you're going to come to us and you're going to say just like you did, you're going to say, hey, listen, I've got this deal, this real estate deal. It's 400,000. How much money would I have to put in the policy in order to fund that if I had to close in 30 days? I would say, okay, you probably have to put, if you need 400, maybe 480, 500,000 has to go in if you need the money immediately in 30 days. So you do that. You dump in 500,000 bucks into the policy. So right there, then what we do is we figure out what's the lowest death benefit we can build into this policy by IRS guidelines called the MAX7 pay. I know I'm getting complicate here, but we do that and we put that low death benefit. We support it with a term rider. So usually term insurance rider because it's cheap insurance to get us over that IRS guy thing. Because see, here's the thing. Remember I said it's tax-free growth. It's tax-free growth because the IRS views it as life insurance. Now, if we exceed their limits, now we'll listen. It's an investment in your taxed every single year on the gains. So we build it really precisely within these can these seven pay rules. So now that gives us a death benefit. Now I can tell you what the cost is, but until I know what you want to save, how much money you want to put in and what problem will you want to solve? I can't tell you what the cost is. I can tell you there's $50 to $100 policy service fee. I could get once you give me the dollars, I can tell you what our commission will be right to the penny. And then I can kind of back into the death benefit, but that's the last thing. You bought part of figures for listeners? Oh, God, I don't know. Like how your 48, so I'm trying to use one of mine because I'm the same age. Oh, see, I did. I don't know if this just became the old man podcast. Well, yeah, I did one gets it's with mass mutual. I put 30,000 into it. It got me a death benefit of about 700,000. The commission on that was about a thousand bucks. Okay, so you're doing math. It was about a thousand dollar commission. The policy service fee with mass, I think was $50 a year. And the death benefit at 500,000 was supported with some terms. So let's say the term writers, $2,000 a year. And then the rest. So probably all in $5,000 bucks. Let's call it for the cost of insurance. For you put 30 in, you got $5,600,000 in death benefit, probably around $5,000. But again, that's for us all guys at 48 years old. Yeah, I love it through us both. I'm the bus there. I appreciate it. I'm never going to do that myself. I'm bringing you a lot. So thank you. I guess go with you here. We're old. We have to change our. I don't feel old. I know you don't feel old. But hey, I'm definitely dumb. But good God, I didn't think this was what 48 was going to look like. So, uh, uh, surprise. So going in, you know, there's five K you pay the 50 bucks, whatever it is, you go through that process. Now you've got this ability to functionally get remodeled. It's fun. It's fun. My money, but you can call it what you want. I can't come. I from compliance. I can't call it free. I can't. You have not. Compliance. I'm not. I'm a podcast. I don't care. I'm just a dancer. After your arbitrage, yes. And in like a three year period thing you have to understand is in the first year to three years, depending on the policy design, you're going to be running a deficit. So because of those costs all upfront, you have no compounding happening right off the bat, you are at a loss. Okay. So you have to understand that there's going to be one to three years where you're going to not have 100% of what you put in. But then think about it this we're 48. We're young. So now I'm saying I'm flipping this now. We're young. Most of how long are we going to live? 195. So from 48 to 95, that's a long time. So if I got to give up three years of gains, okay, to make money guaranteed for the rest of my life and I'm guaranteed that every year, I'm going to have more than I had the year before. In other words, let's just use it this way. Let's just say you put your money into a policy. The third year is your efficiency year. So you gave up a little bit. Not a lot. 5, 10% for three years. Okay. What you put in. But then in the third year, let's just say you make a deposit of $30,000 into your policy. That year, you will take more than $30,000 out of the policy. So you put in 30 and you're going to have more than 30 to take. Now, the next year, you put in another 30. Now you're going to have even more. It might be 40,000. You can take out and then 45 and then 50. Listen, folks, this isn't semantics. This isn't guesswork. This is compounding interest. And because your money never ever is interrupted, these numbers are precise as it gets. They only can change based on dividends because everything else in the contract is guaranteed. The dividend is not. But right now, the dividends have been very stable for about 140 years. We haven't seen a whole lot of movement in dividends. They've gone up. They've gone down. But today, they're actually one of the lowest points they've ever been at. There's one of those incident conversations when you talk about depreciation and cost segregation. And for those of you who have had a high cost. And I love costs. This building right here, we just completed our costs. So I do want to mention that cost is one of the greatest things in the tax code. If you know how to use it. Right. Right. 100 if you know how to use it. So when you're doing cost sex, everyone's like, well, you know, there's this risk. I'm like, it's better than zero. When you go to the IRS and say, here's my $500,000 because I made XYZ dollars and I need to pay 40% on it. And there's only so much I can avoid. You're still going to have to pay so security and all of those other things. But when you're running into cost sex, it's still better than zero. It's because if you give it the IRS, you get nothing. But what's cost sex, you roll it in just some sort of investment. How I'm making this is wait, I now found a way to fuel my costs. Eggs were cost me functionally nothing. I see. I was protected. So now you see where I'm going. I know exactly where you're going. You're absolutely you are at now. You are absolutely correct. It's just how much of that would your your your audience understand, which is where I'm trying to kind of go. I'm on the other side. I know where you're at because like I know how cost tags work. So yeah, you are absolutely correct. Yeah. So I'm going to try and kindergarten level this down for those of you playing at home. And then I want to have people just track you down because this is a conversation. I think you're not going to have for a while offline. So yeah, for those of you playing at home, there is legal ways to offset your tax liability. There are legal ways to offset how much you have to pay. Higher than accountant, this isn't legal advice. Talk to your lawyer, talk to your account and have a nice day. When it comes to cost segregation, when when you have Trump's new bill, you go through and I'm not I refuse to call it a call because it's stupid things. But when you come in and you do this thing, I'm not telling you anything that you can't just that CPT or Google. I'm not telling you anything. It's a lot out there. You can hire someone that doesn't with you or you can hire people who do it for you. There are ways to do it. But the basic idea is instead of going to the government and saying, Hey, I owe you 500 K, I'm going to say, Hey, I'm going to invest that fiber in a K in a very specific vehicle that gives me very specific deductions, which is off-step. So you have two options. Take 500 K, give it to the government, lose it, or take that same 500 K, put it into this asset that will produce an outcome for you, which will kick you back to your original nut, but then you have to constantly re-roll it in so on and so forth. If you want to know more about that, go Google it. It's called cost tech. What I'm looking at with what you're talking about is wait. I'm going to take that 500 grand. I'm going to dump it into your insurance idea of infinite banking. Rip out the part that I need. Put it into my cost tag. And now that balance is fully protected. It's going to offset itself at some level at some point. And I still get my cost tag benefits. One is that in certain? That's possible. Yes, not only is it something that's possible, it's something I could mathematically prove with our software and show you the absolute part of it when it comes down to what would this look like from a math standpoint. There's listen, like both of us, we can have opinions, we can kind of go into our ideas. But you know, the one certain in life is math. Don't believe that. Ask Elon Musk. How do you put a rocket on Mars? Mathematics. It's because it's the one universal certain. And that's what we've done. Because in this industry, I'm in. It's always been conceptual until we finally developed software. And it was very hard to do. And I needed very smart people, way smarter than me. Breathe, who not how? And you'll figure out like how I did that. And I found them. And they were just brilliant. And they mathematically solved it with software. And AI. And AI. So sometimes AI means artificial intelligence. Also, most of the time it means always incorrect. So please understand when you're playing with that. It's a different ball game. And for those of you who are playing at home, the same where we went over and we went after Bitcoin, it's the same conversation we're having here. What is backed? What is masked? What makes logical sense? What is the law saying? Because at the end of the day, I don't have a nuclear sub. So if I can go up against the government, all I want, but they have nuclear weapons, so I'm going to lose that fight. So for those of you who are playing at home going holy crap, I've learned more in the last 40, 50 minutes, listen to Kristen Charles talk. Please understand, I've got the extra to this one. You want to track that Chris. So for the people who do want to track you down, how do they find you? How do they get in touch with you? How do they continue this conversation? Yeah, I'm extremely easy to find. You just go to this thing called Google and type in the Chris Noggle. It's NAUGLE. My YouTube will come up. All my social will come up. My website ChrisNoggle.com will come up. I am everywhere. So then you just watch a 90 minute video and I know some you're like, I'm not watching a 90 minute video. Fine, watch whatever video you want in Booka call. Every one of those links, well, every one of those places will have a place where you can book a call with my team. And then we're going to only do one thing on that call. What problem are we solving for you? Like I know Charles is problem. I'm super excited to solve that problem. I love that stuff. Tell me what you want to solve. You want to learn how to get all the money back for every car you ever buy, drive and own? I'll show you how to do that. I'll show you how I paid for my entire Porsche collection, not bragging, but how I get all the money back for every single one of them. So it really doesn't matter what I pay for the car. I get it all back over time. But most people just want to be out of debt. Okay. So we can show you how to pay off your debt in a fraction of the time using math, mathematics and this system. But we could even get really crazy and talk cost-seg. We could talk about private foundations and how I can take the money, put it into this whole life, take the money out of the whole life, put it into my private foundation, get a tax deduction on 100% of the money I put in there. But then still earn interest on all of the money. Because the worst part about a foundation is when you put the money in there, it's the foundation's money. It's no longer yours. You get the tax deduction, but it's no longer there to serve you. It serves greater cost, which is the best possible thing you could ever do. But imagine if you just can't wrap your head around that and you're like, oh, I just want to, I can't give up that money. I can't give the opportunity to cost up. Okay. You're still earning interest to dividends on all of the money because you put it into this stupid whole life policy first. And then you put it over there. Then you take the tax deduction, which would be significant. And then you figure out how you roll that back into your private banking system. You see, there's so many ways to do this, whether it's tax planning or just trying to get out of debt or just simple things like instead of using the bank and giving them money, principal and interest for the rest of your life. Why don't you just be the bank and just do it exactly what banks do every single day, but you do it yourself. It is so simple. I really appreciate you coming on sharing some of this stuff. Hopefully there's a couple people now who are having arguments over the cooler. Some people who are just like, what the heck is this even possible? This is a stuff they're not teaching you. So, Chris, man, I appreciate it so much. Thank you for coming on my pleasure. Thanks for having me on. All right, everybody. That was a show with Chris. A lot of you're going to have questions and new, a lot of you're going to have comments. If you have data and you can prove it, send us an email. If it's opinion, I don't care. Remember, it's a proving podcast. I don't care what you think. You only care about what you can prove.