The IBC Guys

Episode 48: Teach You to Be Rich(?) - Investing   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave continues the mini-series titled “Teach You to Be Rich (?).”  Using Ramit Sethi’s book I Will Teach You to Be Rich as a comparison, Dave tackles the Chapter titled “Get Ready to Invest.”   The book is a great one, but has one major flaw - it doesn’t address the Infinite B...

Episode 47: Teach You to Be Rich - Banks   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave starts a new mini-series titled “Make You Rich.”  Ramit Sethi’s book I Will Teach You to Be Rich caught Dave’s eye and was a great read over the past week.  The book is a great one, but has one major flaw - it doesn’t address the Infinite Banking Concept.  The goal of this mini-...

‘Best Of’ 1: How Banks Are Stealing Your Wealth   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, we take a look back at one of the most listened to episodes on the ‘Best Of’ series. Sit back, relax, and it’s our hope you’re able to gain a new insight into IBC as you re-listen to this important episode. As always, if Mike or Dave is able to help, please don’t hesitate to r...

Episode 45: AVERAGE vs ACTUAL Rate of Return - with Joe Pantozzi   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Joe Pantozzi joins Mike and Dave to talk through how people often describe investments - the average rate of return.  Joe lays it all out there - the numbers, all of the variables, and the broader perspective - to allow the listener and viewer deeper insight i...

Episode 44: [Part 2] Kyle Busch Revisited…with Mike!   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave finish their conversation based on the Kyle Busch situation being played out within the media.  The guys reaffirm their position on why they use Whole Life policies over IULs, talk through situations they’ve encountered in the life insurance space, and doubl...

Episode 43: [Part 1] Revisiting Kyle Busch - with Mike!    Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave revisit the Kyle Busch situation.  New information has come out reading the creation of the policy, the agent who facilitated the policy, and the actions of the Busch family.  There’s lots to talk about in this situation and Mike and Dave work to hit the...

Episode 42: Instead, Make Sure to IBC Like Walt Disney   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave talks about a famous person that did it correctly - Walt Disney!  Mr. Disney needed some cash to begin his journey of starting Disney World, and the bank wouldn’t give the cash to him!  So, like most that would do pretty much anything to realize a dream, Mr. Disney...

Episode 41: Don’t IBC Like Kyle Busch Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave talks about a big story in the Life Insurance World!  Kyle Busch, the famous NASCAR driver, is suing his insurance company and his former agent because the policies that were created for his family were not meeting the promises that were described from the onset. Taking this tale of...

Episode 40: The Other Side of IBC Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave takes a look at the other side of IBC: the Life Insurance Component.  Much is made of the banking capabilities in IBC, but the life insurance side is often overlooked.  The fact that an IBC policy is tied to a life insurance policy provides stability, tax free implications, and legacy bu...

Episode 39: Critiques, Claims, and Cash-Value - IBC Conversations Online Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave dives deep into the internet world of finance.  After someone asks a question about IBC in a financial forum, Dave reads through the responses.  There is some good, a lot or misunderstanding, and some downright incorrect.  If you understand IBC in s...

Episode 38: Would ChatGPT Do IBC? Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave asks ChatGPT - If you were me, would you do IBC?  As an unbiased third party, ChatGPT walks Dave through the pros and cons of INC from its perspective.  ChatGPT also provides a checklist of things it would ensure are in place prior to jumping into building a policy, building on foundatio...

Episode 37: IBC Stories: Yvonne Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave is excited to interview Yvonne Burke, an IBC expert and a long-time practitioner in her own right.  As an expert, Yvonne talks through people’s most asked questions when starting IBC, provides simple, succinct advice in getting started, and she shares where she made her biggest mistake in...

Episode 36: Can One Dollar do Two Jobs at Once? Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave poses the question. “Can One Dollar do Two Jobs at once?”  The answer: YES!  Dave discusses how this simple question gets at the heart of IBC.  The one dollar (1) stays within the policy growing one dividends, interest, and an internal rate of return while at the same time...

Episode 35: IBC Stories - Joe Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave is joined by Joe Pantozzi, the founder and CEO of Alpha Omega Wealth.  Joe has been in the business 50+ years and had the privilege of personally knowing Nelson Nash, the founder of the Infinite Banking Concept.  Joe takes Dave and the listeners through the ideas of ‘re-thinking one’s thinki...

Episode 34: The Trauma Around Money   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave discusses a new book titled The Trauma Around Money: Mapping Compassionate Pathways to Healing Financial Wounds and Disempowering Shame.  Dave is no expert on the topic, but he does talk with a lot of people struggling with different mindsets (trauma) when it comes to money.  Join Da...

Episode 33: Base vs. Paid Up Additions Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave discusses the two components that build IBC policies - the Base premium and the Paid Up Additions (PUA) premium.  He goes through and discusses how each policy should be built for the client and not just as a one-size-fits-all suggestion from the agent.  The Base and PUA should comb...

Episode 32: The Downsides of IBC Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave discusses the downsides of IBC.  The Guys want to get IBC out to everyone, so the Guys thought it time to discuss the downsides of IBC.  Dave discusses the downsides to individual policies as well as the broad overarching downsides of all Whole Life policies.  Dave doesn’t do this alone,...

Episode 31 - IBC Loan: Is There Interest?    Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike is away and Dave works to tackle a question people often ask - “Is there interest when I take a Cash Value loan?”  Discussing the ceiling of Cash Value, the collateral of the Death Benefit, and how the ledger continues to make one uninterrupted compounding growth, Dave discuss...

Episode 30: EVA (Economic Value Added) Part 2 Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave further discuss EVA - or Economic Value Added.  In Part 1, the guys worked to (1) define EVA and (2) provide insight into how IBC considers EVA while allowing one to still use someone else’s money.  EVA is a complicated issue but, at its heart, there is one question:...

Episode 29: EVA (Economic Value Added) Part 1   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave discuss EVA - or Economic Value Added.  Nelson Nash, the Godfather of OBC, states “One finances everything.”  What he means is that there is a cost to every choice made with one’s money - even saving it in a shoebox.  The Guys work to define EVA, discuss the impact...

Episode 28: Shame in Finances?   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike is away, so Dave and Tim get to hang out and discuss an interesting topic around finances - shame.  The title of the episode has a two-fold meaning: (1) Does one have shame in finances and (2) Should one have shame in finances?  The guys share their thoughts around shame related to their...

Episode 27: The IBC Loan Process   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave and Tim talk through the process of taking a ‘loan’ out of your IBC policy.  The guys work to explain the process, discuss common misconceptions and misunderstandings, and compare the IBC loan process with the loan process of a traditional bank.  If you’re ready for practical implementa...

Episode 26: IBC Discussion: Tim Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, back by popular demand, Mike and Dave are joined again by Tim Scheinder, a long time IBC user. Time provides his perspective and insight in IBC in this round table discussion.  Tim is able to talk through some of the same ideas the Guys have discussed previously, but in a different way that bri...

Episode 25: IBC Stories: Tim   Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave are joined by Tim, a long time IBC user.  Time provides a POWERFUL story in (a) what led his family to utilize IBC and (b) how IBC has impacted his family’s financial future. Also in this episode, Mike tries out for the Senior PGA Tour, Dave gets put in his place, and Tim gets hit...

Episode 24: Buy/Sell Agreements: Do You Need One? Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike and Dave discuss Buy/Sell agreements - definitions, examples, and encouragement in deciding if Buy/Sell should be in your life.  When life changes - death, retirement, disability, etc. - Buy/Sell agreements (a) proactively make the decisions for the change and (2) pay out...