Big Mike Fund Podcast

On today’s episode, I’m once again talking with Chris Miles, an expert in infinite banking, like insurance, and being a housekeeper (and zookeeper) for his own personal Brady Bunch at home. When he’s not being a family man, Chris works with life insurance and runs his own podcast about money called the “Chris Miles Money Show”.  Chris and I are talking about the volatile stock market and insurance, life insurance policies (and Chris’ specific designs), using life insurance like extra liquid reserves, and our policies on financial planning and advice. Minute Markers: 00:23 - Introduction  00:54 - A little about Chris 02:20 - CoronaVirus and the volatile stock market vs insurance 03:05 - Infinite banking and the Internal Rate of Return 07:38 - Timing the market 09:00 - Investment quadrants 11:11 - How Chris designs policies 12:40 - Needing money from life insurance policies 15:05 - Balloon payments 16:25 - Extra liquid reserves and investing 22:30 - Life insurance a