Episode 11: Part 1 - Using IBC to Buy a Car
Welcome back to The IBC Guys Podcast! Mike and Dave are tackling a big one today — Using IBC to Buy a Car — and this is just Part 1 of a two-part series.
In this episode, we’re breaking down Nelson Nash’s book Becoming Your Own Banker. He lays out five ways to finance a car: leasing, bank loans, paying cash, using a Certificate of Deposit (CD), and using an IBC policy. We’re focusing on the last three — because they keep you in control of your money.
Let’s talk numbers. If you save $35,000 and buy a $10,550 car every four years for 44 years, you’ll end up with $52,270 using cash. With a CD (earning 5.5% interest), you’d have $259,000. But with an IBC policy? You’d have $964,000 — that’s $705,000 more than the CD.
The kicker? With IBC, you can pull $50,000 a year in passive income — for the rest of your life — and still leave $1.36 million to your loved ones. Your money keeps growing, even while you’re using it.
✨ Key Takeaways:
Part 2 is coming up — we’ll dive into why IBC looks “slower” early on and what’s really happening behind the scenes. See you there!
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
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