The IBC Guys

Episode 70: IBC and The Psychology of Money: You’ll Change   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, we continue the series on the psychology of money using Housel’s book as a guide.  Dave examines Chapter 14 ‘You’ll Change.’  In the previous chapter, Housel states that one of the reasons we need to save money is that life is unpredictable.  Well, Ho...

Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, we continue the series on the psychology of money using Housel’s book as a guide.  We jump into Chapter 13 ‘Room for Error.’  Housel takes us through the certainty of the uncertain, and then the reasons to expect it.  The idea of building in room for error is a foundational piece of growing wealth.  IBC builds...

Episode 68: IBC and The Psychology of Money: Surprise!   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, we continue the series on the psychology of money using Housel’s book as a guide.  Dave dives into an interesting chapter titled “Surprise!”  Housel discusses using the past as a predictor, the biggest unknowns shaping the majority of the future, and what...

Episode 67: IBC and The Psychology of Money: Saving Money   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, we continue the series on the psychology of money using Housel’s book as a guide.  Yvonne is back to help dissect Chapter 10 - Saving Money and, in turn, apply it to IBC.  Yvonne provides some insights into Housel’s work with Dave reflecting, and then...

Episode 66: IBC and The Psychology of Money: Reasonable > Rational   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, we continue the series on the psychology of money using Housel’s book as a guide.  We discuss Chapter 11, Reasonable > Rational.  Housel discusses the need to remember the human side of how money is used when making decisions.  There is...

Episode 65: IBC From Someone Else: What Do Others Say About Policy Design?   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave takes a look at IBC through the eyes of another producer - someone else who works with IBC.  In taking a look through their free guide, what do they have to say about policy design?  What do they encourage?  Caution?  Does what is...

Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, we continue the Psychology of Money series.  Housel wins the award for shortest chapter in a book - 1 page - but it’s thought provoking none the less.  When you admire a car, house, etc., are you admiring the person that owns that possession or are you visualizing what that wealth would look like in your posses...

Episode 62: IBC and The Psychology of Money - Freedom   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, we jump back into the Psychology of Money series.  Housel provides a great chapter on the idea of ‘Freedom’ and, then, how money helps one realize that freedom.  Dave takes it a step further and provides two ideas on how IBC provides the financial freedom...

Episode 61: What Makes a Good Agent? - with Yvonne Burke   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Yvonne Burke joins Dave once again to discuss “What Makes a Good Agent?”  ChatGPT certainly has an opinion, but Yvonne would argue that it’s missing a key aspect in determining a quality agent.  As the discussion unfolds, the foundational heart issues a...

Episode 60: IBC and the Psychology of Money - Tails, You Win Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave continues examining The Psychology of Money through the lens of the Infinite Banking Concept (IBC).  In this chapter, we enlist the help of Housel as we walk through the idea of failing with money.  Housel posits that failure is to be expected an...

Episode 59: IBC and the Psychology of Money - Getting Wealthy vs. Staying Wealthy Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave continues examining The Psychology of Money through the lens of the Infinite Banking Concept (IBC).  In this chapter, we examine the difference between (a) getting rich and (b) staying rich.  For clarity, the definition of ‘b...

Episode 58: IBC and the Psychology of Money - Confounding Compounding   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave continues The Psychology of Money through the lens of the Infinite Banking Concept (IBC).  This chapter fits perfectly into the ideology of IBC - have your money work without you while NOT interrupting the compounding growth.  Housel e...

Episode 57: IBC and 501(c)(3) - with Yvonne Burke Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave has the privilege of joining Yvonne Burke in a conversation around how IBC can be used within the context of 501(c)(3)’s - ideas, practical application, and implications.  The duo discusses financial transparency within non-profits, along with their financi...

Episode 56: Is Scarcity in Business a Man Made Concept?   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Mike and Dave pose a philosophical question: Is the idea of scarcity in business a man made concept?  The guys talk definitions, how we’re taught scarcity, and a better option in how to approach the idea that one doesn’t have enough.  When the idea of bu...

Episode 54: IBC and the Psychology of Money - Never Enough   Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave begins exploring how people think about money through the lens of The Psychology of Money by Morgan Housel.  In this chapter, Housel examines the idea of "Keeping up with the Joneses" and its effects on ones’ thinking about money.  Dave then expl...

Episode 54: IBC and the Psychology of Money - Luck and Risk Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave continues exploring how people think about money through the lens of The Psychology of Money by Morgan Housel.  In this chapter, Housel examines the roles both luck and risk play within any financial maneuver.  Dave discusses some specific example...

Episode 53: The Psychology of Money - No One is Crazy Welcome back to The IBC Guys Podcast!   Welcome back to the IBC Guys!  In this episode, Dave begins exploring how people think about money through the lens of The Psychology of Money by Morgan Housel.  Housel comes out of the gate stating “No One is Crazy.”  How people think about money are shaped by their life experiences and money decisions a...

Episode 52: The Unconference and IBC’s Place Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave attended an invitation-only conference where he was able to talk about IBC with high-level entrepreneurs.  Some people had never heard of IBC, others had secured and were using their own policies, and others had a less than positive view of IBC.  As Dave talked with those in t...

Episode 51: Teach You to Be Rich - The Myth of Financial Expertise   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 platform, Dave tackles Chapter 6 titled “The Myth of Financial Expertise.”   The book is a great one, but has one major flaw - it doesn’t...

Episode 50: A Better Question - A Question IBC Doesn’t Ask but Helps Answer    Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Dave and Tim ask a better question.  Often, when people feel as though they don’t know enough about a given topic, they don’t feel as though they know what question(s) to ask.  Dave and Tim present a question that often doesn’t get asked: Where sho...

Episode 49: Teach You to Be Rich - Conscious Spending (Chp. 4) 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 Chapter 4 which is titled “Conscious Spending.”   The book is a great one, but has one major flaw - it doesn’t add...

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...