Jayson Lowe's first rule of money: don't lose it. He contrasts margin loans, which blow up in volatile markets, with policy loans against whole life insurance. Policy loans are boring by design, prioritizing stability over chasing the best rate.
Rule number 1, don't lose money. Rule number 2, see rule number 1. On that note, so here's the takeaway. Margin loans definitely look smart right up until they get loud. And when they do, things can go sideways in a real hurry. And whereas policy loans, right, they don't pretend to be exciting. They're boring on purpose. And boring, I think, just based on my going into my 19th year of implementing the infinite banking concept and utilizing dividend-paying whole life insurance contracts as tool and accessing and repaying plenty of policy loans, boring is exactly what you want when money is involved. I would suggest let it be this, that borrowing isn't about getting the best deal, it's about avoiding the worst timing.
