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I don't store much on fold, only my monthly spends, so besides the mortgage and food we buy... Otherwise I don't keep that. Much on it.

I keep a majority of my "fiat savings" in whole life insurance... Aka The Infinite Banking Concept or Becoming your Own Banker.

Fred Johnston 10mo ago

Interesting. From Whole Life to Bitcoin.

My step dad sold Whole Life - made a shit load of money. But I suppose if you have a ton of money it would work out well.

I do worry about the insurance companies due to the bond exposure. Interest rates and money printing have flipped the long term trend and Insurance/banking was one of the primary beneficiaries of the current 50 years system coming to an end.

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Discussion

Michael S Wildcard ✨ 😶‍🌫️🗽⚡ 10mo ago

There is that, but if there is any company with the most experience in bond management it's insurance companies. This is where I'm trying to bridge the gap with fiat and bitcoin. I haven't borrowed against my cash value to but bitcoin (though I almost did when it was $16k)

But using whole life to stack your fiat makes more sense than commercial banking.