Infinite Banking Mastery

It's easy to think only the wealthy can afford to use IBC. But is it true? In this episode, I'll show you why the Infinite Banking Concept isn't off-limits to anybody, even if you can't start with as much as a millionaire. I'll also explain why starting with a little today is better than starting with a lot next year. Listen now! Show highlights include: Real reason mega corporations (like Walmart...

It's not unusual for people to be serious about Infinite Banking, but hesitant about the process to get started. Is it complicated? Scary? Hard? Am I really ready?! If you've ever had any of those questions, this episode is for you! I'll give you an overview of how the process unfolds from our very first meeting all the way through having your policy in force and annual reviews.  You'll be able to...

You've done your homework and you're enthusiastic about the Infinite Banking Concept. But you're concerned your advisor might not feel the same way. Truth is, you might be right! And in this episode I'll share different reasons more advisors aren't on board with IBC. I'll also explain what you can do to make sure you can still take action on Infinite Banking, even if your advisor isn't sold on the...

You've heard of Dave Ramsey. So you probably know one thing he loves almost as much as cutting up credit cards is putting down whole life insurance. Since he's helped so many people learn how to budget, and how to get out of consumer debt, it can be easy to think he really knows everything he talks about.  But when it comes to whole life insurance, that's simply not the case. In today's episode I'...

There are popular trends in the industry that concern me. Because they result in policies that look good on paper, but don't deliver like the client expects, and can even produce a policy that becomes a dreaded Modified Endowment Contract (MEC). So when I got the opportunity to talk to a senior insurance actuary about these trends, I took advantage of it! I asked my questions so I could know from...

You can reach a point when you're no longer required to keep funding your Whole Life policy. And so it's easy to think you should stop as soon as that moment comes and put your money toward something else.  But is that the best decision? In this episode I'll explain why even though everybody's situation is unique, in most cases you shouldn't plan to stop funding your policy any time soon. I'll als...

Whole Life Insurance is a key part of IBC, but it takes some money to get it going. Especially when you fund Paid Up Additions that boost what your policy can do for you. And if your budget is tight, you might think you can't possibly find those funds. In this episode I'll share nearly a dozen places to look. And unlike some who gloss over risk and fine details, I'll tell you what to watch for so...

You talked to an IBC practitioner and they showed you an illustration. Now you want to see another practitioner in hopes they can show you an even better one. But should you pick your practitioner based on a better-looking illustration? Today I'll explain how illustrations can mislead you, and what to look for so you don't run into big problems later. I'll also share what's most important to look...

When you have extra cash available it's easy to think applying it directly to a large balance–like a mortgage–is a good idea. But in most cases there's a better use for that money, even if it is strategically used in a different way to help you accomplish the same goal. Recently a client came to me with a plan to pay down his mortgage, and left our meeting with a different idea. Once you listen to...

You're no stranger to premiums, but you might not realize all the options you have for paying your Whole Life insurance premiums, and what difference they make to your Infinite Banking strategy. In this episode I'll explain your options, and the surprising flexibility, for paying your Whole Life premiums.  I'll also explain why you should still consider Whole Life if you don't have much money, or...

People are living longer so it's more important than ever to prepare for senior healthcare expenses. But that's hard to do if you underestimate your need for care, or how expensive it can be. That's why, in this episode, I'm sharing insights and statistics to help you see how serious this is, and explain what options are out there so you can prepare for when you or a loved one need to pay for thes...

When you're trying to figure out how much life insurance coverage you should get, you might hear the term "Human Life Value." But what does that mean? If you're not sure, then this is an episode for you. I'll explain what it is and how it's calculated. I'll also explain different methods you can use to get an idea of how much life insurance coverage you actually need. Listen now! Show highlights i...

Some people protect their retirement savings from risk while they're working, but don't think about how to protect it after they retire. But this is a mistake, because there are plenty of threats to your income during retirement. If you don't think about them ahead of time, you could be vulnerable when you can least afford to be. That's why in today's episode I'm sharing the most common threats to...

Planning for future income for that time when you are no longer working or are working less, is important, and with so many options it can be confusing to know what you should do. And if it weren't hard enough already, it gets even more complicated when you factor in taxes on that income. I'm here to help!  Listen now! Show highlights include: Have a pension? Three reasons to hang onto this increa...

You know you can borrow against the cash value of your Whole Life insurance policy. But you're thinking about a conventional loan like a mortgage or a HELOC. Will your life insurance loan be a red flag to the bank? How much will it matter?  In this episode I'll explain how the banks really view life insurance loans, and why you shouldn't let one scare you into thinking you couldn't get a conventio...

You know life insurance is important, but you've been putting it off. Waiting until you can afford a Whole Life policy, instead of just Term… Or until you can qualify for a better health rating… Maybe you're "on the fence" about Infinite Banking and want to sort it all out before putting money into an insurance policy. Whatever the reason, if you don't have life insurance this episode is for you....

You know it's important to have money in the later years of your life. And you might think the conventional wisdom must be the safe way to go. But you need to listen to this episode first! I'll explain why following the crowd might be the worst thing you could do, and what to consider before making that decision. Listen now! Show highlights include: Why it's a mistake to view Whole Life Insurance...

I just returned from this year's IBC Think Tank. Not only did I have the privilege of presenting, I also learned from some of the top minds in Infinite Banking today. Today I'm sharing the highlights of the event with you, so you can know what's relevant in Infinite Banking right now, and be equipped to make good decisions with your financial planning. Listen now! Show highlights include: How Nels...

Velocity Banking is getting a lot of attention, and many people are confusing it with Infinite Banking.  While there are similarities, these two concepts have different main goals. In this episode I'll explain those differences so you can see why, for most people, Infinite Banking is the robust solution. You'll also learn how Infinite Banking can help you achieve most of what Velocity Banking does...

You've heard some people borrow from their life insurance policy and don't pay it back. And you might be thinking: "I'll do the same thing! Why not?" You'll want to listen to this episode because I'll share why not treating yourself like an honest banker is a bad idea. I'll also explain all the repayment options available to you, and what to do if you have a financial hardship and don't think you...

You know one of the benefits of an Infinite Banking Concept is the ability to "be your own banker" and borrow against your life insurance policy. But you might be wondering: "How exactly do I do that?" No need to worry, because in this episode I'll lay it all out for you step-by-step. I'll also explain why even though it isn't an "instant" process, IBC clients still prefer it far more than convent...

It's not uncommon for people to hear about Infinite Banking and think it's too good to be true. They think there must be some downside! And while I don't believe there are any actual downsides, there are a few things that could look bad when you're just starting to learn the ins and outs of IBC. So, in this episode, I'm going to walk you through those concerns and explain what's actually happening...

Everybody thinks about retirement. Not everybody thinks about how they'll have the cash flow they need to enjoy retirement. Today I'm here to help you with that. I'll explain four different options for retirement cash flow so you can see which ones make sense for you. Listen now! Show highlights include: Cash Flow vs. Big Pile of Assets: Which one is better, and how to get them playing on the same...

Your savings options are limited if you want to access money tax free: there are Roth IRAs and cash value life insurance. You won't know which option is best for you without taking a closer look, so in this episode I'll give you an honest overview and explain why I always prefer Whole Life insurance. Listen now! Show highlights include: How Whole Life spares you the headaches of calculating income...

You've heard about Index Universal Life (IUL) policies, and the benefits sound great: Who wouldn't like the sound of getting to enjoy (limited) climbs in the stock market while being protected against crashes.  But these policies have real dangers too many people don't know about, like losing cash value or even the policy, and are not great for practicing IBC.   Thankfully you don't have to be one...