Fresh off of the return from IBC Think Tank, Wade shares his thoughts and takeaways of the event. This unique gathering is a must-attend for IBC practitioners and anyone interested in exploring the concept of Infinite Banking. He shares key takeaways and insights from the event, starting with a profound realization: "Premium is a contribution to capital." Join Wade as he unpacks this and more, aiming to provide valuable content for those who want to understand becoming their own banker.
Episode Highlights
01:57- Rethinking your thinking.
04:11 - Two businesses: a back-and-forth exchange of time and money.
04:36 - Importance of recognizing you're in the banking business.
05:55 - Contribution to capital explained.
07:00 - Understanding the problem and seeing premium as the solution.
08:11 - Capital: necessary for both business and personal life.
09:39 - Premium as a contribution to capital.
11:13 - Saving and reliance on banks.
12:57 - Control through capital contribution.
14:06 - Avoiding frustration and potholes.
16:59 - Long-term commitment and building a personal financing system.
Episode Resources