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 common setbacks so that your policy can keep running efficiently and smoothly!
Episode Outline:
(0:00) - Introduction
(0:31) - Episode beginning, catching up
(1:51) - Client question, should you always convert a convertible term policy to a whole life policy?
(5:31) - IBC mistakes to avoid
(5:58) - IBC’s power lies in the “unseen”
(7:28) - The first mistake: Leaving yourself on “an island”
(10:02) - The second mistake: “Stealing the peas”
(12:06) - The third mistake: Having an outstanding loan AND having money in savings
(13:40) - The fourth mistake: Limiting the amount of wealth you can create by not funding your policy for long enough
(18:41) - The fifth mistake: Starting with a solution without understanding the problem
(21:15) - The last mistake: Continuing with a policy that isn’t designed properly
(27:14) - Episode wrap-up, what Dave and Paul are most thankful for
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
davidandpaul@theibcguys.com
