Infinite Banking Mastery

The death benefit isn't the primary concern for most people who use Whole Life Insurance for Infinite Banking. But it's still important! In this episode I'll explain why you cannot afford to overlook what a benefit it is. I'll also share a true story that illustrates why, in some cases, the death benefit is the most important part of the legacy you leave behind. Listen now! Show highlights include...

Everybody who understands Infinite Banking wishes they had known about it sooner. So it's no wonder many of them ask: "Am I too old to start?" I get this question a lot. So if you're concerned you've missed your chance to use IBC this episode is for you. I'll explain why in most cases it's not too late, even if you're already at retirement age! Plus, I'll explain your options for those rare cases...

You've come into a big lump sum of cash, and you're already using Infinite Banking. Naturally you wonder: "Is there some way I can use these funds to help my system?" Yes! You certainly can. And in this episode I'll explain your three best options, and why two of them are usually better than the other. In the interest of full disclosure I'll also share a fourth option. It's NOT the best idea in mo...

You've just come into a big lump sum of cash, and you're ready to get started with Infinite Banking. Is it best to put it all into your banking system right away, or is there a better approach? In this episode I'll share why it usually isn't best to put an entire lump sum into a new banking system. I'll also explain an option on how to get that entire lump sum into your IBC over time, without spen...

There's been a lot of buzz around Universal Life Insurance policies. Mostly because they offer great flexibility in their premiums, and they sound great at first glance. So you might be wondering: is this a better way to do infinite banking? That's what I'm talking about today on the podcast. I'll explain what Universal Life Insurance is, and why there are several types. And I'll tell you why I st...

It can be hard enough to pay all your bills when you're healthy. What if hardship strikes and you can't make your bills? How will you ever pay your whole life insurance premium? Is your policy doomed to lapse, or is there something you can do? This is a question I get a lot. And today I'll explain different options (all legal and ethical) to keep your Infinite Banking plan together when life seems...

You like the Infinite Banking Concept, but you honestly wonder: "What company is the best for the whole life insurance I need to get started?" It's a question I get a lot! And even though I can't give a cookie cutter answer, in this episode I'll explain why that's actually a good thing. Plus, I'll tell you what to look for to get a great policy no matter what company you choose. I'll also explain...

Hypotheticals are one thing, but you want to know: "How do people actually use Infinite Banking to make their lives better?" Today I'm answering that question the best way I know how: by filling this episode to the brim with examples of what real people have done, and are doing.  There's no theory or filler in here, just real world evidence of how IBC can help you handle the needs, wants, and chal...

In a world where "too good to be true" usually is, it's easy to wonder if Infinite Banking works the way advisers like me claim. Maybe that's why so many people head to Google and ask "Is Infinite Banking a scam?" In this episode I'm going to separate fact from fiction so you can see through the confusion and misrepresentations certain "experts" create around IBC. I'll also explain why so many qua...

Now that you understand long term care coverage and why it's so important, it's time to talk about different ways to secure these benefits. Benefits that could be the difference between dignity and despair in the latter years of your life. In this episode I'll explain the basic terminology you need to know, and tell you about different options available to you. Listen now! Show highlights include:...

You know long term care coverage is something you should look into, but you figure you have plenty of time. It isn't urgent. But the truth is: waiting could be a huge mistake. In this episode I'll share why you should secure this coverage sooner rather than later.  Listen now! Show highlights include: Sneaky way forgetfulness can slam the door on your ability to get long term care coverage. (1:15)...

It's easy to get confused about long term care vs. long term disability. And without being prepared, you could be setting yourself up for financial disaster at the worst possible time: your senior years. But don't worry! Today I'm here to clarify. And I'll explain why long term care coverage is something you should think about, unless you want a huge risk hanging over your head, during your retire...

Ask the average person if they think they'll become disabled, and naturally they'll say no. And while I hope they're right, the statistics tell a different story. And it's not just statistics: it's real people in the same position as you. Healthy people who never imagined it could happen to them. The reality is if you don't have a plan to deal with a disability, you're risking financial ruin. In t...

Getting started with Infinite Banking is exciting, but it can also make you nervous: Especially if you're concerned about how to fund it. And many people are, because I'm often asked questions like "How much does it take to get started?" and "Do I need to have a lot of money up front?" So today I'm here to help calm those nerves! In this episode I'll walk you through those questions so you can sta...

You've heard about IBC and it sounds great. But you're wondering: "How do I even get started?" That's what today's episode is all about.  I'll walk you through the best process. The process that lets you understand Infinite Banking and have confidence your plan is designed to work for you from the very beginning. I'll also share what you should know before meeting an IBC practitioner. And I'll giv...

It's normal to have questions and concerns about Infinite Banking. But where do you find honest sources who can tell you what you need to know? Look no further. Today I'm here to share the pros and cons of Infinite Banking.  You'll get to hear my long list of pros, and listen as I dig deep into criticisms against IBC so we can look at it fairly and set the record straight. Listen now! Show highlig...

The prime way the rich get and stay rich is by leveraging other peoples' money (OPM). But if you aren't rich you might be wondering: how can I find some OPM to get started? If so, then this episode is for you. That's because I'm sharing a long list of sources you can consider. Plus, I'll also explain why whole life insurance is my favorite way to use OPM to grow wealth of your own. Listen now! Sho...

You know you can borrow against the whole life insurance policy in your IBC, and that repaying it with extra interest is like paying yourself back. But does that mean all the interest you pay is going right back to you? Not exactly. This is a topic that can get confusing, so today I'm here to set the record straight. You'll have a better understanding of what's going on with those interest payment...

Everybody's heard about inflation, but most people don't know much about it. And the government and banks seem all too happy to keep it that way. But this topic is so important even John Adams was sounding the alarm about it all the way back in the 1700s! Inflation can be hard to explain in academic terms, so today I'll share a story that illustrates what inflation is, and how it does so much dama...

You've heard plenty of savings advice. But you might be wondering if conventional wisdom really is the best. Well did you know sometimes banks will encourage you to follow one strategy while they operate on a different one? In this episode I'll tell you what they do so well, and how you can adopt their strategy yourself to plan for retirement more effectively. I'll also explain why you should be b...

You've heard the downsides of term life insurance and now you're wondering: "Why would I ever buy term?!" But the truth is, there are times where it's a smart move. And in today's episode I'm sharing a boatload of reasons term life insurance can make sense for you or your loved ones. Listen now! Show highlights include: How to use term life's flexibility so you get the death benefit you need witho...

Critics of Infinite Banking say term life insurance is the way to go. And while I believe there's a place for term insurance, that doesn't mean it's for everybody. And there are things you should know that you can't expect to hear from the people who sell and promote it. In this episode I'm sharing important downsides so you can know when term insurance makes sense for you, and when it doesn't. An...

You've learned enough about the benefits of Infinite Banking you're starting to wonder: Why doesn't everybody know about this! Is it a conspiracy?  A plot to keep you in the dark?  Not exactly.  There's a simpler (but still serious) explanation, and I'm sharing it in today's episode. Plus, I'll give you a peek "behind the curtain" at what goes through the mind of an average agent when they're intr...

You don't like to think about it. But you know that in a blink something could happen that leaves you financially responsible for a fortune.  But you don't have a fortune. So now what? Can creditors or the government come after everything you have? Even your life insurance? This is a complex issue, with parts that vary by state. But on today's episode I'll help you understand the basics so you can...

You know that IBC is built on cash value whole life insurance policies, so you might think term life isn't worth your attention. Don't be so sure! It turns out, term life insurance can make it easier for you to build your banking system. Especially if you're just starting, or have a limited budget. In this episode I'll clarify one important feature of term life insurance: how to convert it into a...