Wealth Warehouse

IBC is no stranger to a constant flow of questions big and small. In this week’s episode, Paul and Dave are doing another installment of “IBC FAQs”! They’ll be answering all of your burning questions - from “why haven’t I heard about this?” and “is whole life too expensive?” to more complex questions like “how much premium should I pay?” and “what should I use a policy loan for?” Is IBC for you? U...

This month, we’ve seen three separate banks collapse - two of which literally made history. Dave and Paul would never say “I told you so”, but they would tell you that banks behaving badly is just par for the course. In this week’s episode, the guys address the recent bank failures - namely Silicon Valley Bank. They’ll take you through why it failed, what it means for the future as well as what yo...

As IBC gains more popularity and notoriety, more people get involved. Which can be great, but sometimes it can result in a distortion of Nelson’s core message. In this week’s episode, the fellas address policy design and push back against the small base strategies and the 10/90 policies that you may see on Tik Tok, or YouTube. They’ll take you through the actual arguments and what these people are...

For the first time ever, the guys are coming atcha from the road! This week, Dave and Paul attended the 2023 IBC ThinkTank in Birmingham, Alabama! This yearly event is well-attended by practitioners from all across the country and features workshops, speakers and other IBC-related events.  Dave and Paul will give you their thoughts on some of the workshops, as well as a recap of the speakers,...

In this week’s episode, Dave and Paul are getting back to basics: sequencing your capital and managing loan repayment. These are common areas of discussion in IBC - and everyone does it a little differently depending on their circumstances and needs. Today, Dave and Paul will go through their own personal examples of how they’ve sequenced their money and how they’ve set up their policies for maxim...

One of the most important aspects of IBC is paying premium - but many people ask, how often do I need to pay? In this week’s episode, the guys are taking you through a more niche issue in IBC: payment frequency. Are you paying your premium quarterly? Monthly? Each year? This decision can have affects downstream on your policies overall performance! The guys will take you through the different paym...

Everyone has a dream to make stupid amounts of money - to earn on the same level as the ultra rich. Well, as an IBC user, you may have more in common with billionaires and captains of industry than you would otherwise think! Join Dave and Paul as they discuss an interesting article that examines the uncanny connection between IBC and money-making legend, Warren Buffet. They detail how IBC practiti...

There can be lots of different reasons to get started in IBC - but one of the biggest ones is the banking system itself. In this week’s episode, the guys decide to take a step back and look at some of the broad reasons why IBC has made so much sense for so many people. They take a break from the specifics to review the banking system. How does it actually work? How did it come to be? And most impo...

When it comes to IBC, it’s important to have a clear understanding and vision for your policy. This can be difficult when you have some agents that lead with illustrations and promise amazing returns. In this week’s episode, the fellas guide you through some of the areas that trip people up when it comes to IBC. Should you be concerned about the dividend rate? Should you even consider an IUL? What...

IBC offers you unparalleled control over your capital - but the key is ensuring that you create your system of policies properly. You want to make sure that you get access to a level of ownership that is virtually non-existent in the market. In this week’s episode, the guys cover illustrations once again as well as the importance of getting proper guidance from a practitioner of IBC. They also cle...

Difficulty or success in life are decided, in large part, by how you build your wealth. In today’s episode, Dave and Paul take a look at the book “Heads I Win, Tails You Lose” and the “Hierarchy of Wealth” concept it outlines. This opens a much broader discussion on where most people traditionally “park” their money as well as how they look at risk. The guys also tackle each tier of the “Wealth Py...

Leaving a legacy is arguably one of the most important things a person can do. It’s a difficult task to accomplish that also takes a disciplined mindset and an eye for the future. In this week’s episode, the fellas take a look at the components of legacy and how it mixes not only with IBC, but also with contemporary views on wealth creation. How should you set up your family members for when you g...

With the new year officially here - it’s time to look forward to these next 12 months and see what you can do to make 2023 bigger and better for your financial future. So join the fellas this week as they outline their “7 Steps for a Better 2023”! Maybe you’re a new user, or a prospective IBC practitioner and you want to find out how you can get deeper. Perhaps you’re a vet that has years under yo...

With 2022 close to being in the rear-view mirror, it’s important to not only reflect on the past year but also to look forward to the future. In this week’s episode, the guys cover “7 Points to Consider” to help get you focused for the year to come as well as getting some of the uninitiated thinking more seriously about IBC. Dave and Paul cover each point, giving you the concepts and context to he...

With almost a year in the books and so many concepts covered, it’s easy to lose sight of the basics. In this week’s episode, the guys are going back to basics and reviewing Nash’s 5 Principles as outlined in his groundbreaking book “Becoming Your Own Banker”. Dave and Paul break down each principle, what they mean and how they are relevant in terms of managing your policy today, tomorrow and years...

“Capital attracts opportunity” - and IBC can put you in the position to take advantage of those opportunities. In today’s episode, the guys discuss more of the banking and private lending aspect of IBC. Dave and Paul also share some client experiences with red flags, some more on the mindset you need coming in, legacy and the flexibility IBC gives you. Episode Outline: (0:00) - Introduction (2:58)...

Getting your policy in place is one thing, but how you utilize it is the key. In this week’s episode, Dave and Paul explore some of the opportunities that IBC gives you. While some benefits remain “unseen”, the ways in which you can structure and use your policy are very much known.  The guys go through their own philosophies on using cash value, how they approach wealth building and the ways...

Getting your policy in place is half the battle with IBC, the other half is managing it properly and avoiding rookie mistakes. In this episode, the guys take you through their list of “mistakes to avoid” for IBC. These tips are relevant for newcomers and veterans alike and range from your wealth building philosophy to simple management and policy funding. Tune in to make sure you’re avoiding these...

IBC can help you become your own banker - but what does it do for your business? In today’s episode, Dave and Paul look at IBC through the lens of the business owner. There are unique benefits to IBC and a few different ways that a business owner can take advantage. The guys take a closer look at some of those strategies, as well as their take on owning a policy through a business, the drawbacks a...

With the Fed raising interest rates for a sixth time, some people are beginning to feel some turbulence as the cost of borrowing continues to climb. Which leads us to today’s question and central topic: what does another interest rate hike mean for your policy? Can you do anything to minimize the impact? Should you even care about it in the first place? The guys break down all the info you need to...

Each and every one of us has something that just.. gets under our skin. Dave and Paul are no different - especially when it comes to IBC. In today’s episode, the guys discuss what “grinds their gears”. They cover clients, how policies are set up and misconceptions about IBC. Additionally, they address the hate IBC gets and pretenders that push bad information to get you to sign..  Tune in to...

When it comes to your money, you need to make sure you’re making the right decisions and getting the right information. This week, the guys take a look at IBC practitioners behaving badly. From leading with an illustration to remixing Nelson’s concept, Dave and Paul take you through an exhaustive list of red flags in this episode. With this list, you’ll be able to sort through the pretenders next...

IBC can work for everybody - but it’s really great for real estate investors. In this week’s episode, Dave and Paul take a look at IBC in the context of real estate investing. The guys discuss all the problems it can solve, as well as the benefits it can bring! Tune in to see how you can up your real estate game, get unrivaled liquidity, access to capital and much more! Main Episode Outline: (2:09...

Welcome to episode 36 of Wealth Warehouse! It can be hard enough to plan for yourself when it comes to making financial decisions. When you add in your spouse, especially for a less-known route like IBC, things can get even more complicated. This week, the guys tackle the IBC decision from the POV of a couple. Should you sacrifice the relationship harmony to push IBC? Are there ways that non-belie...

Welcome to episode 35 of Wealth Warehouse! Most people accept that you need to get a 401k when it comes to planning for retirement. It’s what your co-workers do, maybe even some friends and family have one. And most importantly, it’s in line with what your financial advisor suggested. But is it the best place for your money? It should be no secret at this point that Dave and Paul often diverge fro...