Infinite Banking Mastery

Banks are the biggest hypocrites. They, and many financial gurus, like Dave Ramsey, convince you to amass a large fortune and then let it sit.  Yet banks do the complete opposite of what they tell you. They make their money by loaning out your savings to other people, all while earning interest. And the reason why they tell you to leave your money in the bank? So they can put your money in motion...

Do you ever sit and burn $20 bills? If you don't, you may as well, because right now the banks are legally taking 34.5% of your take home earnings in pure interest.  This interest isn't to pay down your mortgage, your car loan, or your student debt. It's to fill the greedy coffers of ultra rich bankers. Think I'm being hyperbolic? I purchased my home for $377,988 — amortized over 30 years. With an...

How nice would an extra million dollars sound? And imagine if you didn't have to work harder, smarter, or even work at all to get it. Well, this does exist! But I don't recommend you try doing it, because you'll cop a whopping 20 year prison sentence. But if your name is Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, or Goldman Sachs, then go for gold!  That's right, the banks do this ev...

Have you ever wondered why there's a maximum withdrawal limit at the bank? They'll often tout it as "stopping criminals from laundering money." But the reality is this: They don't have much money in the actual bank! What do I mean? The primary way banks make money is by lending out YOUR money. Banks only need to keep about 10% of deposits on reserves.  So when you make a deposit, they loan out you...

You've heard about NASCAR champion driver Kyle Busch's lawsuit over his Indexed Universal Life policies. And because his contract appears to have been written in an exceptionally bad way, you might think what happened to him is an isolated incident. But the truth is, even when IUL contracts are written in the best way possible, they still carry dangers you need to know about. In this episode I'll...

Paid-Up Additions (PUAs) aren't complicated, but the way different insurance companies handle them can be. And if you don't know how the company you plan to use does it, you could be in for a costly surprise. That's why in this episode we'll take a closer look at the different ways companies treat PUAs, and what you need to know before you take out a contract.  I'll also show you why you can't alw...

Imagine you pass away and the beneficiary of your life insurance policy (or other product with a beneficiary) ends up going to the wrong person. All because your life changed, and your beneficiary should have too, but you forgot to make the changes. It's easy to forget to keep your beneficiary up to date. But in this episode I'll explain why it's vitally important, and what can go wrong if you don...

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 st...

Some people don't realize churches can utilize Whole Life insurance and the Infinite Banking Concept. And even fewer realize how many people in a church are eligible to be insured–it isn't just the pastor! In this episode, I'll share the different categories of church members who can be insured and how Whole Life insurance can be a blessing to a congregation, whether they utilize the Infinite Bank...

If you're young and healthy you can be tempted to delay getting long-term disability insurance. But in addition to coverage in an unpredictable world, there are also benefits you can glean from a policy even if you never become disabled. In this episode I'll share those benefits. And I'll tell you what to consider if you think a policy is too expensive or won't cover what you had hoped. Listen now...

You know some things can slow down accelerated underwriting. But there are also health conditions that can slow down underwriting even if it isn't accelerated. In this episode I'm sharing common health conditions that can get in the way, and how to know whether they can be overcome or will lead to rejection. I'll also share a simple way to "test the waters" before underwriting if you're afraid you...

Accelerated Underwriting sounds faster than conventional underwriting, and it certainly can be. But you might be wondering: just how fast is it? In this episode I'll share, from real experience, how quickly approval can happen. I'll also share why it doesn't always work that quickly, and the biggest factors that influence how long it takes. Listen now! Show highlights include: "No-brainer" reason...

You know about the underwriting process for life insurance, but you might be wondering exactly how it works and how long it should take. In this episode I'll explain what happens as soon as you sign the application, what an underwriter is looking for, and why honesty is absolutely your best policy throughout the process. I'll also share why underwriting can take longer than expected, but it's noth...

We've talked about how a Whole Life policy can "MEC," but the language around what makes this possible can be confusing. So I'm here to help with more information about the biggest risk to existing policies later becoming Modified Endowment Contracts. I'll also explain how knowing the way these policies can go wrong helps me build strong policies from the start. Listen now! Show highlights include...

You've heard that a Whole Life policy can "MEC." But what does that even mean? And what are the real-life consequences if your policy becomes a Modified Endowment Contract? The consequences are real and undesirable. So in this episode I'll explain what a MEC is: where it came from, how it happens, and what you can do to avoid it. I'll also help put your mind at ease about what to do if it ever hap...

You know you'll need to go through the underwriting process for Whole Life insurance so you can set up your Infinite Banking system, and you're wondering: "How long will this take?" In this episode I'll explain how long it usually takes, and why it sometimes takes longer. I'll also tell you what to expect in underwriting and share a real-world example of a case that took longer than usual, and the...

You're ready to start Infinite Banking and you want to replace or cancel existing life insurance contracts so your resources can go toward your new policy. Be careful! Some contracts have a provision that will leave you with just a fraction of the money you've put into the policy if you walk away. I'm talking about surrender charges. And in this episode I'll explain what they are, how they work, a...

You already know IBC can help you have a predictable income stream in retirement, but you might be wondering if there's even more you could do to brace for the uncertainty of your golden years. This episode is for you because I'll explain how to set up a product that works like a personal pension, how it works, and why now could be the absolute best time to consider this type of vehicle. Listen no...

A key benefit of Infinite Banking is the ability to borrow against the cash value in a Whole Life insurance policy. So you might be wondering: "Does it have to be specially built, or will any Whole Life policy work?" This is a great question because it helps us appreciate the difference between something that technically works and something that works for you the best it possibly can. In this epis...

It's time to bust another myth about Infinite Banking. This time I'm tackling the mistaken idea that borrowing against your life insurance policy makes you lose money. I'll explain where the confusion comes from, and the truth about IBC and borrowing. Listen now! Show highlights include: Surprising source of IBC confusion. (1:15) IBC loans "de-mystified." What actually happens when you take a poli...

Some people think Infinite Banking is only for retirement planning. But while IBC is wonderful in retirement, it's a mistake to think it can only help you later in life. In this episode, I'll explain the multitude of ways IBC can help you plan in all stages, not just retirement. Listen now! Show highlights include: Key features of IBC and common pitfalls to avoid. (2:41) Unbelievable flexibility o...

I've shared several details before about how I discovered IBC and started advising other people. But if you've ever wanted to know more, then you'll love this episode. That's because I'm sharing my recent appearance on the Infinite Banking Initiative podcast from the Nelson Nash Institute. And it is all about how I found IBC, and the impact it has on me and my clients. This is the most-detailed ac...

Some people look at the funds that go into a Whole Life Insurance policy built for Infinite Banking and think the money goes in and then you don't have control…at least not for a long time. But is that the truth? In this episode I'm tackling two more IBC myths head-on so you can have a clear view of what Infinite Banking is really like. I'll explain why–despite what critics say–IBC offers you unma...

Would you rather earn: $100,000 a day for 30 days or… Earn a penny that doubles every day for 30 days? Trick question. At the end of the 30 days, you would have earned $3 million at $100k per day. Not too shabby. But what about a penny that doubles every day for 30 days? A cool $10.7 million! So how is this possible? Well, it's all possible with Albert Einstein's "8th Wonder of the World" — uninte...

There are plenty of myths about Infinite Banking, and any of them could derail you from doing something great for you and your family. That's why I like to bust these myths.  And today I'm busting two more. In this episode, I'll tackle the mistaken idea that IBC is just too complicated, and the faulty claim that IBC is a scam. You'll see the reality that IBC is a "too good to be true" thing that's...