Shows
Infinite Banking MasteryHow Can I Keep My Savings Safe?Infinite Banking is meant to help you take control of the banking function of your life, and keep your savings safe from the volatility of financial markets. But lately some self-proclaimed IBC specialists are setting their clients up with a type of permanent life insurance that looks good on paper, but actually exposes their savings to the same type of uncertainties they were trying to avoid in the first place. In this episode I’m sounding the alarm! I’ll explain what these policies are, why the information used to promote them is never an accu...2025-01-1615 min
Infinite Banking MasteryMore of Nelson Nash's insightsWe might be in a new year, but the important principles Nelson Nash taught in Becoming Your Own Banker remain timeless. That’s why in this episode we’re diving deeper into the book for more important takeaways. I’ll share what Nelson called “The Golden Rule,” and why treating your whole life insurance plan like a business startup can change your outlook (and results) for the better. Listen now! Show highlights include: “Golden Rule” (not the one from the Bible) that’s crucial to your financial wellbeing. Fail to learn this and you’ll alway...2025-01-0914 min
Infinite Banking MasteryEncore: A Typical American FamilyYou owe the US Government $519,000 (and growing). That’s how much you (and every other American) needs to pay in order to bring down Uncle Sam’s debt. What’s even crazier is this: According to retirement expert Ed Slott, the Federal government can increase their percentage of your savings whenever they need more money — and that day is coming soon. So the question is, how much will the government take away from your retirement account? In today’s episode, I reveal how you can avoid the government legally taking more of your hard...2025-01-0209 min
Infinite Banking MasteryEncore: Do What Rich People DoWalt Disney, JCPenney, and Ray Kroc. What do all these ultra-wealthy individuals have in common? They all possess, “The Secret of the Affluent”, as coined by the New York Times. In layman’s terms, they all got ahead in life, not by spending their own money, or taking out a loan, but… By borrowing against their whole life insurance policy! So, why do the ultra-wealthy leverage whole life insurance policies? Deposit amounts are unlimited (and NO income limitations) No tax on the growth of your account No tax when accessed...2024-12-2610 min
Infinite Banking MasteryWhy Access to Tax Free Cash is so ImportantElon Musk can be polarizing, but like him or not he’s saying something about government spending you ignore at your own peril. That’s why in today’s episode we’re taking a closer look at the alarm bell he and others are ringing loud and clear. You’ll know why this matters so much, and why you should urgently protect your savings from the volatility lurking around the corner for the American economy. Listen now! Show highlights include: Do you suffer from the Ostrich Effect? Why so many Americans put their head...2024-12-1916 min
Infinite Banking MasteryGetting in Our Own WayWe’re all human, so if you’re having a problem you can be virtually certain you’re not the only one. Especially when it comes to finances! But just because most people have financial struggles doesn’t mean you have to keep suffering right along with them. That’s why in today’s episode I’ll share some common problems that derail the ability to achieve financial goals, and help you see how to keep them from wrecking you too. Listen now! Show highlights include: How obeying Parkinson’s Law puts you in financial...2024-12-1216 min
Infinite Banking MasteryCreating Your Own Banking System Part 2You’ve heard the best whole life insurance policies can give you return of premium (aka dividends). But you’ve wondered if this feature is too good to be true, or at least exaggerated to sound better than it really is. This episode is for you! Because we’re talking more about creating your own banking system, and getting real about the actual potential for dividends. I’ll also share "need to know" information so you can set an appropriate death benefit, make loans to yourself the right way, and use infinite banking to save a fortun...2024-12-0512 min
Infinite Banking MasteryEncore: The Ideal Savings ToolImagine a savings tool that had: Guaranteed growth/return on investment (and we’re not talking under 1% like you get in savings accounts) Liquidity (access your savings income — tax and penalty-free — whenever you want) Borrow against the full amount of your savings (without risk of a margin call) — rather than withdrawing your money. Allowing your savings to continue to snowball and grow! And you know what? I only mentioned a fraction of the benefits here. In this episode, I reveal the additional 10 benefits this savings tool has. And if your investment vehicle doesn’t have these, you’...2024-11-2811 min
Infinite Banking MasteryCreating Your Own Banking SystemYou’ve read Nelson Nash’s Becoming Your Own Banker or listened to previous episodes of this podcast where I’ve shared some of the most important ideas and information from his timeless book. And now you’re thinking becoming your own banker might be something you should do. So now what? How do you do it? Why would you want to? What’s involved to get it going? Don’t worry! In today’s podcast I’ll help you with all of those questions. I’ll also share how the whole life insurance companies...2024-11-2113 min
Infinite Banking MasteryBrick & Mortar Bank vs. IBC Using Whole LifeTired of the stranglehold commercial banks have on you? Wouldn’t it be nice to just own your own bank! But owning a brick and mortar bank would take years to do and more money than most of us have lying around. Thankfully there’s an ethical way to take control of your finances, much like a banker, without all the hurdles to clear and capital to come up with. In this episode I’ll explain what it is, why it’s so much easier than owning a bank, and why more people aren’t using it a...2024-11-1413 min
Infinite Banking MasteryThe Problem...ContinuedYou already know it’s hard to pay your bills and provide for your future because of inflation. But there’s something else chewing up your income. And you probably don’t realize how big a bite this monster is taking. That’s because there’s a clever distraction the banks happily use against you. In this episode I’m going to explain to you just what’s going on. And I’ll use examples from Nelson Nash’s classic book to do it. You’ll see how this problem has grabbed Americans’ spending power by the throat, and how...2024-11-0711 min
Infinite Banking MasteryThe Problem and a Really Great Solution (Or, "the IBC Solution"?)There’s a big money problem that is slowly crippling the entire country. It’s been two years since I talked about this on my podcast, but I’m doing it again in this episode because the problem is only getting worse. I’ll also share a solution to this problem, and why the best thing you can do for yourself is also good for your nation: whether you consider yourself patriotic or not. Listen now! Show highlights include: The question Jesus asked a lame man that can help you get back...2024-10-3112 min
Infinite Banking MasteryCompound Interest vs. Keeping Your Money in MotionAlbert Einstein is credited with saying “Compound interest is the eighth wonder of the world.” And one of the perks of IBC is that compound interest can work in your favor, even when you borrow against your whole life policy. But does that mean you should park all your money in savings accounts, or do you need to keep your money moving? It’s a popular debate with a definitive answer. And in this episode I’ll explain a slide used by Nelson Nash to compare compound interest to keeping your money in motion. What he...2024-10-2410 min
Infinite Banking MasteryTreat Your Banking System Like You Would a BusinessIf you’ve owned your own business you know how hard it is just to get the doors open, let alone to keep things running long enough to turn a profit. But did you know that hard-earned wisdom is a great advantage when you apply it to Infinite Banking! And if you’re not a business owner, that’s OK. Because in this episode I’ll share and explain one of Nelson Nash’s favorite illustrations so you can learn these important lessons, even if you don’t have an entrepreneurial bone in your body. Listen now!2024-10-1714 min
Infinite Banking MasteryHow the Infinite Banking Concept Was ConceivedYou’ve heard of Nelson Nash and Infinite Banking, but you might be wondering: how did he come up with this idea in the first place? In this episode I’m going to share that interesting story as he explained it in his book. But more importantly, you’ll be able to see how your willingness to learn from everything you do, and apply your unique perspective to your problems, can help you overcome your biggest challenges…even if it feels like you’re at rock bottom. Listen now! Show highlights include: - What i...2024-10-1013 min
Infinite Banking MasteryNelson Nash's Book - Becoming Your Own BankerYou’ve heard of Nelson Nash, but you haven’t read his classic book yet. Or you’ve read it, but it’s been awhile. Either way, I’ve got you covered as we look at some of the biggest ideas from Becoming Your Own Banker. In this episode we’ll start with his very first page of writing. You’ll see what the banks have figured out, and why learning it for yourself can change your life and your net worth. Listen now! Show highlights include: Why Nelson Nash’s book should still be...2024-10-0310 min
Infinite Banking MasteryHow Soon Can I Take a Loan Out Against My Policy?You know enough about Infinite Banking to know you can use a Whole Life policy to effectively make loans to yourself. But you’ve also heard critics say it takes a long time before you can get access to the funds. In this episode, I’ll cut through the confusion to give you a realistic picture of just how soon you’ll have access to funds you can borrow against. I’ll also share why, with some companies, you can now access funds sooner than ever before. Listen now! Show highlights include: Critics...2024-09-2612 min
Infinite Banking MasteryDoes IBC Work for Everyone?There are different reasons people think Infinite Banking couldn’t work for them. But the most common concerns are age, health, and income. If you’ve ever wondered “Am I too old?” or “Do I have enough money?” or “Will my high blood pressure get in the way?” this is your episode! I’ll explain what factors are most important to qualify for the whole life coverage you need for efficient Infinite Banking. And I’ll share strategies you can use to get this coverage even if your health isn’t as good as it used to be. Lis...2024-09-1913 min
Infinite Banking MasteryShould I Cover My Non-working Spouse?When a couple comes to me with one income earner and a “stay at home” spouse, they usually think they should only insure the one earning the income. But this is a perilous decision that leaves you exposed to financial vulnerabilities that are hiding in your blind spot. In this episode, I’ll shine a light on those dangers, and show you how you can get the coverage you need even if you think it’s currently beyond your ability. Listen now! Show highlights include: “Hiding in plain sight” reason breadwinners...2024-09-1215 min
Infinite Banking MasteryShould I Have Different Policies for Different UsesYou know IBC is flexible enough to utilize for all sorts of financial plans. And if you plan to use your banking system to help you finance things like cars or college you might be wondering: “Should I have different policies for different uses, or is it fine to do everything I want from one policy?” It’s a great question, and in this episode, you’ll hear why the answer largely depends on where you are in your IBC journey, and what you want to accomplish. I’ll also explain when one Whole Life policy is...2024-09-0512 min
Infinite Banking MasteryCan I Pull Income in Retirement From My IBC Plan?You’ve heard about the flexibility Infinite Banking provides, but you might be wondering: Can I pull income from my IBC plan in my retirement? The short answer is a resounding “Yes!” But there are a few things you’ve got to keep in mind before you rush to take out funds. That’s why in this episode I’ll explain how it works, and what to watch out for so you don’t make a very expensive mistake. Listen now! Show highlights include: What’s the difference between building...2024-08-2916 min
Infinite Banking MasteryWhat's the Opportunity Cost of NOT Financing Through Your Banking SystemWith traditional methods, you can do one of two things with your money: Spend it, or save it. If you spend it, that money’s gone and can’t be used for anything else. And since you’ve spent it, it can’t appreciate for you: meaning you miss out on more than just the face value you spent. That’s why it’s important to think about opportunity cost: the dollars you really miss out on when you have to spend your resources instead of saving or investing them. In this episode I’ll explain...2024-08-2210 min
Infinite Banking MasteryProtecting Your Most Valuable Asset - Part 2By now you know your most valuable asset is your ability to earn an income. And you realize you can use disability insurance to protect yourself against absolute financial disaster. But you might still be thinking that common thought: “Other people get hurt, sick, or disabled, but that’s not going to happen to me.” In this episode I’m sharing real life examples so you can see that real, ordinary people do end up needing this coverage. And why even though there are limits, disability coverage provides a whole lot better than nothing in the even...2024-08-1514 min
Infinite Banking MasteryProtecting Your Most Valuable AssetYour most valuable asset is your ability to earn an income. But the majority of Americans do little to protect it. This is alarming because nearly ⅓ will suffer a disability sometime in their career that forces them out of work for at least three months. And it’s not just people with tough jobs like building bridges or mining coal. If you’re one of those under-prepared Americans, don’t panic just yet… Because in this episode I’ll explain how you can protect yourself against a disability that would obliterate your finances. Liste...2024-08-0811 min
Infinite Banking MasteryShould I be Saving 10% of My Income for My Future Self?You’ve heard the conventional wisdom: “Save 10% for your future self.” But different experts say different things…10%, 20%...who’s right? And what if your expenses are so high you think you can’t save anything? This is the episode for you if you’ve been wondering about how much to save toward retirement. I’ll explain why there isn’t a “cookie cutter” answer, and what to consider as you make your own decision. I’ll also share surprising pitfalls you need to watch out for so your assets don’t get plundered. Listen now! Show h...2024-08-0112 min
Infinite Banking MasteryWhat is the Right Financial Level to Begin IBC With?You like the idea of IBC, but you’re wondering if you really have the money it takes to get started. You’re not alone! It’s normal for clients to wonder if they can really afford this, and how much they need to get started. That’s why in today’s episode I’m going to help you understand why I advise the funding levels that I do. I’ll also explain why your exact number won’t be the same as somebody else’s, and why that’s a good thing! Listen now! S...2024-07-2512 min
Infinite Banking MasteryHow to Manage Policy LoansOne of the things we love about IBC is that you can set up a system to BYOB–”Be Your Own Banker” and essentially borrow money “from yourself”…at far lower rates than conventional banks offer. And while repaying these loans comes with LOTS of flexibility, for best results you do want to get them repaid. That’s why today I’m talking about ways to do that without burdening yourself with payments, and without giving yourself an accounting nightmare. I’ll also share an additional option that lets you leverage your existing bank account to re...2024-07-1814 min
Infinite Banking MasteryCan Churches Implement IBC?Every now and then I’m asked if churches can use Infinite Banking. And I wish more churches would ask, because the answer is “Yes!” If you’re in church leadership, or just a member of a congregation you care about, then this episode is for you. I’ll explain why IBC is a great option for churches who want to use their financial blessings wisely. And I’ll tell you why IBC makes more sense than a savings account or CD with the bank. Listen now! Show highlights include: Why Uncle Sam lets pol...2024-07-1111 min
Infinite Banking MasteryEncore: Two Ways to Build Tax Free WealthYou owe the US Government $519,000. What? How? Well, as a nation, we owe over $31 trillion owed in funded liabilities (debt.) And we also owe over $173 trillion in unfunded liabilities (even more debt.) Worst part? According to David Walker, ex-CPA of the USA, your future tax rate will need to double — or else the nation will declare bankruptcy. Imagine paying double the taxes you already pay. With taxes projected to double, trying to build a nest egg will be impossible. Imagine what your retirement would look like if the government lega...2024-07-0414 min
Infinite Banking MasteryThe Importance of the Child RiderIt’s great to have a whole life insurance policy for each member of your family. But what do you do when your budget simply won’t allow it? In this episode we’re talking about how to do the best you can with the resources you have so you can provide for your children. You’ll learn what a Child Rider is and why it’s a great option for most people who have financial constraints. I’ll also share why the first month after your child turns 25 is a golden opportunity that can help...2024-06-2712 min
Infinite Banking MasteryThe Importance of the Death BenefitThe death benefit isn’t the primary concern for most people who use Whole Life Insurance for Infinite Banking. But it’s still important! In this episode I’ll explain why you cannot afford to overlook what a benefit it is. I’ll also share a true story that illustrates why, in some cases, the death benefit is the most important part of the legacy you leave behind. Listen now! Show highlights include: “Immediate relief” your death benefit provides in case of a long term care need. (2:29) What happens if you pass awa...2024-06-2016 min
Infinite Banking MasteryAm I Too Old For Infinite Banking?Everybody who understands Infinite Banking wishes they had known about it sooner. So it’s no wonder many of them ask: “Am I too old to start?” I get this question a lot. So if you’re concerned you’ve missed your chance to use IBC this episode is for you. I’ll explain why in most cases it’s not too late, even if you’re already at retirement age! Plus, I’ll explain your options for those rare cases when age really does get in the way of starting an IBC strategy that meet...2024-06-1313 min
Infinite Banking MasteryI Received a Large Lump Sum, How Do I Use It To Fund My Policy Once It's Already Been Started?You’ve come into a big lump sum of cash, and you’re already using Infinite Banking. Naturally you wonder: “Is there some way I can use these funds to help my system?” Yes! You certainly can. And in this episode I’ll explain your three best options, and why two of them are usually better than the other. In the interest of full disclosure I’ll also share a fourth option. It’s NOT the best idea in most cases, but I’ll tell you why it makes sense sometimes. Listen now! Show high...2024-06-0610 min
Infinite Banking MasteryI Received a Large Lump Sum, How Do I Use It To Start My Banking System?You’ve just come into a big lump sum of cash, and you’re ready to get started with Infinite Banking. Is it best to put it all into your banking system right away, or is there a better approach? In this episode I’ll share why it usually isn’t best to put an entire lump sum into a new banking system. I’ll also explain an option on how to get that entire lump sum into your IBC over time, without spending that excess money on other things in the meantime. Listen now...2024-05-3014 min
Infinite Banking MasteryWhat's the Best Policy for Infinite Banking?There’s been a lot of buzz around Universal Life Insurance policies. Mostly because they offer great flexibility in their premiums, and they sound great at first glance. So you might be wondering: is this a better way to do infinite banking? That’s what I’m talking about today on the podcast. I’ll explain what Universal Life Insurance is, and why there are several types. And I’ll tell you why I still believe whole life insurance is the way to go. Plus, if you’ve got term life insurance you’re hoping to c...2024-05-2315 min
Infinite Banking MasteryWhat If a Hardship Comes Up and I Can't Pay My PremiumIt can be hard enough to pay all your bills when you’re healthy. What if hardship strikes and you can’t make your bills? How will you ever pay your whole life insurance premium? Is your policy doomed to lapse, or is there something you can do? This is a question I get a lot. And today I’ll explain different options (all legal and ethical) to keep your Infinite Banking plan together when life seems to be falling apart. Listen now! Show highlights include: Prime place to look for re...2024-05-1615 min
Infinite Banking MasteryWhat's the Best Company for Infinite Banking?You like the Infinite Banking Concept, but you honestly wonder: “What company is the best for the whole life insurance I need to get started?” It’s a question I get a lot! And even though I can’t give a cookie cutter answer, in this episode I’ll explain why that’s actually a good thing. Plus, I’ll tell you what to look for to get a great policy no matter what company you choose. I’ll also explain the Infinite Banking decision that’s even more important than the insurance provider you pick. List...2024-05-0910 min
Infinite Banking MasteryReal Life Examples of IBCHypotheticals are one thing, but you want to know: “How do people actually use Infinite Banking to make their lives better?” Today I’m answering that question the best way I know how: by filling this episode to the brim with examples of what real people have done, and are doing. There’s no theory or filler in here, just real world evidence of how IBC can help you handle the needs, wants, and challenges of life. Listen now! Show highlights include: How to buy that house you want, even if you ca...2024-05-0213 min
Infinite Banking MasteryIs Infinite Banking a Scam?In a world where “too good to be true” usually is, it’s easy to wonder if Infinite Banking works the way advisers like me claim. Maybe that’s why so many people head to Google and ask “Is Infinite Banking a scam?” In this episode I’m going to separate fact from fiction so you can see through the confusion and misrepresentations certain “experts” create around IBC. I’ll also explain why so many qualified financial experts refuse to tell their clients about IBC, even when it could fit them perfectly. Listen now! 2024-04-2517 min
Infinite Banking MasteryProtecting Your Older Self, Part 3.Now that you understand long term care coverage and why it’s so important, it’s time to talk about different ways to secure these benefits. Benefits that could be the difference between dignity and despair in the latter years of your life. In this episode I’ll explain the basic terminology you need to know, and tell you about different options available to you. Listen now! Show highlights include: Long term care coverage option that’s as easy to understand as car insurance. (1:09) Heartbreaking motive behind people dropping long term care coverage...2024-04-1815 min
Infinite Banking MasteryProtecting Your Older Self, Part 2.You know long term care coverage is something you should look into, but you figure you have plenty of time. It isn't urgent. But the truth is: waiting could be a huge mistake. In this episode I'll share why you should secure this coverage sooner rather than later. Listen now! Show highlights include: Sneaky way forgetfulness can slam the door on your ability to get long term care coverage. (1:15) What a "pure" long term care policy is, and when it makes sense to get one. (2:25) Little-known way to get lifetime l...2024-04-1116 min
Infinite Banking MasteryWhat is Long Term Care and What Does It Have to do With Infinite Banking?It's easy to get confused about long term care vs. long term disability. And without being prepared, you could be setting yourself up for financial disaster at the worst possible time: your senior years. But don't worry! Today I'm here to clarify. And I’ll explain why long term care coverage is something you should think about, unless you want a huge risk hanging over your head, during your retirement years. Listen now. Show highlights include: The difference between long term care and long term disability. (1:05) Who should get long term care, and...2024-04-0414 min
Infinite Banking MasteryWill an Injury Derail Your Future?Ask the average person if they think they'll become disabled, and naturally they'll say no. And while I hope they're right, the statistics tell a different story. And it's not just statistics: it's real people in the same position as you. Healthy people who never imagined it could happen to them. The reality is if you don't have a plan to deal with a disability, you're risking financial ruin. In this episode I'll explain why. And I'll tell you about ways to defend yourself so you can live with dignity even if you...2024-03-2808 min
Infinite Banking MasteryHow Much Money Do I Need to Start Infinite BankingGetting started with Infinite Banking is exciting, but it can also make you nervous: Especially if you’re concerned about how to fund it. And many people are, because I'm often asked questions like "How much does it take to get started?" and "Do I need to have a lot of money up front?" So today I'm here to help calm those nerves! In this episode I'll walk you through those questions so you can start Infinite Banking with confidence. Plus, I'll give you a "big picture" view of Infinite Banking so you'll be able to...2024-03-2110 min
Infinite Banking MasteryHow Do I Start Infinite BankingYou've heard about IBC and it sounds great. But you’re wondering: “How do I even get started?” That’s what today’s episode is all about. I’ll walk you through the best process. The process that lets you understand Infinite Banking and have confidence your plan is designed to work for you from the very beginning. I’ll also share what you should know before meeting an IBC practitioner. And I’ll give you a behind-the-curtain look at meeting with a practitioner so you can know exactly what to expect. Listen now!2024-03-1416 min
Infinite Banking MasteryPros and Cons of Infinite BankingIt’s normal to have questions and concerns about Infinite Banking. But where do you find honest sources who can tell you what you need to know? Look no further. Today I’m here to share the pros and cons of Infinite Banking. You’ll get to hear my long list of pros, and listen as I dig deep into criticisms against IBC so we can look at it fairly and set the record straight. Listen now! Show highlights include: Compatibility Check: Why IBC works with velocity banking, and why you mig...2024-03-0720 min
Infinite Banking MasteryLeveraging OPM - (Other People's Money)The prime way the rich get and stay rich is by leveraging other peoples’ money (OPM). But if you aren’t rich you might be wondering: how can I find some OPM to get started? If so, then this episode is for you. That’s because I’m sharing a long list of sources you can consider. Plus, I’ll also explain why whole life insurance is my favorite way to use OPM to grow wealth of your own. Listen now! Show highlights include: Where to look for OPM so you don’t get left b...2024-02-2913 min
Infinite Banking MasteryWhat About the Interest I'm Paying, Who Does It Go To?You know you can borrow against the whole life insurance policy in your IBC, and that repaying it with extra interest is like paying yourself back. But does that mean all the interest you pay is going right back to you? Not exactly. This is a topic that can get confusing, so today I’m here to set the record straight. You’ll have a better understanding of what’s going on with those interest payments, and be reminded of why Infinite Banking is superior to consumer loans from the bank. Listen...2024-02-2209 min
Infinite Banking MasteryWhen More is Less: How Inflation Keeps You BrokeEverybody’s heard about inflation, but most people don’t know much about it. And the government and banks seem all too happy to keep it that way. But this topic is so important even John Adams was sounding the alarm about it all the way back in the 1700s! Inflation can be hard to explain in academic terms, so today I’ll share a story that illustrates what inflation is, and how it does so much damage. It’s ripped from the Roman Empire, but you’ll see the parallels to your country today. You...2024-02-1509 min
Infinite Banking MasteryTypical Savings AdviceYou’ve heard plenty of savings advice. But you might be wondering if conventional wisdom really is the best. Well did you know sometimes banks will encourage you to follow one strategy while they operate on a different one? In this episode I’ll tell you what they do so well, and how you can adopt their strategy yourself to plan for retirement more effectively. I’ll also explain why you should be building a “ginormous” nest egg, and a few things to look for so what you’re building doesn’t get crushed by thi...2024-02-0813 min
Infinite Banking MasteryTerm Insurance, Upsides, Part 2You’ve heard the downsides of term life insurance and now you’re wondering: “Why would I ever buy term?!” But the truth is, there are times where it’s a smart move. And in today’s episode I’m sharing a boatload of reasons term life insurance can make sense for you or your loved ones. Listen now! Show highlights include: How to use term life’s flexibility so you get the death benefit you need without a premium you can’t afford. (0:52) Why you should go through underwriting right away, even if you don’t...2024-02-0110 min
Infinite Banking MasteryTerm Insurance, Downsides, Part 1Critics of Infinite Banking say term life insurance is the way to go. And while I believe there’s a place for term insurance, that doesn’t mean it’s for everybody. And there are things you should know that you can’t expect to hear from the people who sell and promote it. In this episode I’m sharing important downsides so you can know when term insurance makes sense for you, and when it doesn’t. And I’ll give you some warnings so you don’t let a good use of term insurance accidentally wreck your finan...2024-01-2511 min
Infinite Banking MasteryWhy Doesn't Everybody Know About IBC?You’ve learned enough about the benefits of Infinite Banking you’re starting to wonder: Why doesn’t everybody know about this! Is it a conspiracy? A plot to keep you in the dark? Not exactly. There’s a simpler (but still serious) explanation, and I’m sharing it in today’s episode. Plus, I’ll give you a peek “behind the curtain” at what goes through the mind of an average agent when they’re introduced to IBC. Listen now: Show highlights include: Does your advisor suffe...2024-01-1812 min
Infinite Banking MasteryIs My Whole Life Policy Protected From Creditors?You don’t like to think about it. But you know that in a blink something could happen that leaves you financially responsible for a fortune. But you don’t have a fortune. So now what? Can creditors or the government come after everything you have? Even your life insurance? This is a complex issue, with parts that vary by state. But on today’s episode I’ll help you understand the basics so you can know what protections you might have. Listen now! Show highlights include: Exemption exclusions you need to k...2024-01-1109 min
Infinite Banking MasteryConverting Term, How Do I Do It and How Does It Work?You know that IBC is built on cash value whole life insurance policies, so you might think term life isn’t worth your attention. Don’t be so sure! It turns out, term life insurance can make it easier for you to build your banking system. Especially if you’re just starting, or have a limited budget. In this episode I’ll clarify one important feature of term life insurance: how to convert it into a whole life policy. I’ll also explain when a term life policy is right for you, the difference...2024-01-0411 min
Infinite Banking MasteryLiquidity Needs at DeathYou’ve got plenty of life left to live, so you don’t want to think too much about all the expenses involved when you die. But that’s dangerous, because without proper planning you could leave your loved ones a nightmare, even if you have a fortune in hard assets. Today I’ll share the most common financial obligations that show up when you pass away. Knowing what these are will help you plan so your family has the cash it needs if something unexpected happens to you. Listen now! Show high...2023-12-2812 min
Infinite Banking MasteryLong Term vs. Short Term DisabilityIf you have disability coverage at work you probably think you’re “all set” if something happens. But the truth is, most coverage offered by employers hides terrible surprises. Surprises that mean you’ll get a lot less than you think, if you ever need to collect benefits. Waiting until disability happens is too late to protect yourself. You need to take a closer look at that coverage NOW. So in today’s helpful episode I’ll tell you exactly what to look for in that work-provided policy so you don’t get blindsided. 2023-12-2113 min
Infinite Banking MasteryA Risk That Can Derail Your PlanYou’ve heard people use that dreaded “D” word… Disability. It’s dreaded for good reason, because even temporary disability can demolish your savings. And yet, so many people don’t give this danger a second thought. They leave themselves completely exposed to catastrophe. But you don’t have to be one of them! In today’s episode I’ll explain just how serious this issue is, and how to protect yourself from a financial disaster waiting to happen. Already have disability insurance? I’ll also tell you what to look for so you can be su...2023-12-1413 min
Infinite Banking MasteryWhat Happens if I Don't Pay My Loans BackYou know the appeal of “being your own bank” and how you can use your IBC system to effectively give yourself a loan. And since you know those loans would ultimately be taken out of your death benefit, you might be thinking “Why not borrow the money, and then never pay the loan back?” It’s easy to think this way. But in today's episode I’ll explain why this is not a good idea. You’ll see why it’s in your best interest to pay those loans back as you build your IBC system f...2023-12-0713 min
Infinite Banking MasteryWhat Interest Rate Should I Charge Myself?Nobody looks at the terms of a loan and thinks "I wish I could pay higher interest on this!" So you might look at loans you make to yourself through your IBC the same way: “I’ll just pay back at the low rate the insurance company charges, and no higher.” Believe it or not, thinking like this could cost you! And prevent you from increasing your financial freedom through IBC. I’ll explain why in today's podcast. You’ll see why it makes sense to pay yourself a higher interest rate, and how to use...2023-11-3015 min
Infinite Banking MasteryWhole Life Policy Structure - Should I Be Doing a 90/10 Structure?There are different ways to structure a whole life policy. And that's great, because you can tailor your policy to your needs and goals. But with all those options, you’ve got to be careful! That’s why today we’re talking about the 90/10 policy structure. Some advisors really push it. Maybe you’ve heard it’s a great idea. But in my experience, it’s almost always the wrong way to go. So in this episode I’m explaining why it’s so risky… And I’ll tell you the rare occasion when it...2023-11-2321 min
Infinite Banking MasteryWhole Life Insurance and Dave RamseyYou’ve heard of Dave Ramsey. So you probably know one thing he loves almost as much as cutting up credit cards is putting down whole life insurance. Since he’s helped so many people learn how to budget, and how to get out of consumer debt, it can be easy to think he really knows everything he talks about. But when it comes to whole life insurance, that’s simply not the case. In today’s episode I’ll prove it by tackling several complaints Dave gives against whole life so you can separat...2023-11-1621 min
Infinite Banking MasteryFinding the Money to Get StartedYou want to get started with IBC. But where will you find the money to get started? Your monthly budget is already stretched too thin. And you’re trying to pay off credit cards or other consumer debt. Taking on a whole life insurance policy is impossible. Or is it? It turns out, there are plenty of places you can look to find the funds you need. So you can start securing your financial options for life, retirement, and beyond. Listen now and I’ll show you where those fund...2023-11-0917 min
Infinite Banking MasteryWhat Do Insurance Companies Invest InPeople fear government programs like Social Security becoming insolvent. And for good reason: Sometimes banks run into financial troubles, and even collapse. So maybe you’ve wondered: If I’m going to pay life insurance premiums for years on end, how can I be confident the company will have the money to pay the death benefit to my loved ones when I pass away? Insurance companies are businesses. So, of course, there are no *guarantees* they won’t fail. But in today’s episode, I’m going to pull back the curtain so...2023-11-0210 min
Infinite Banking MasteryUses of IBCMost people hear about whole life insurance policies and only think about the benefit it pays their family when they die. But the death benefit barely even scratches the surface of the wealth-building secrets IBC offers. And even if you know about using whole life insurance as part of your IBC system, you might not realize how many things you can do with it. So in this episode I’ll share seven different ways you can use IBC. You’ll see how IBC offers you flexibility that other financial planning methods can’t match...2023-10-2610 min
Infinite Banking MasteryMaximum InsurabilityWhen it comes to whole life insurance, oftentimes you want to know: “How much coverage can I qualify for?” Once you know how much you can qualify for, you’ll probably think one of two things… Either: “Why wouldn’t I get the maximum?” Or “Why would I possibly need that much?” In this episode I’ll show you how to easily estimate your maximum insurability. I’ll also explain when you’d want to secure the maximum, and when it might actually be in your best interest to NOT get as much as you possibly c...2023-10-1911 min
Infinite Banking MasteryAverage vs Actual ReturnThat informational brochure shows you an average that looks good. Really good. And you can’t help but think: “If that’s average, I’ll get at least that. Probably even better.” But be careful! Numbers don’t lie, but they don’t tell the whole story. Other factors (like commissions and taxes) can make actual returns lower. Dramatically lower. In today’s podcast, I’ll show you a few ways numbers can trick you if you aren’t careful. And help you get a better view of what’s really goin...2023-10-1210 min
Infinite Banking MasteryThat Time I Met the Cincinnati Reds' ER DoctorA few days ago something happened to me that was completely unexpected. One minute I was with friends and peers enjoying a baseball game… The next minute I hit the floor with a sickening thud. Medical attention came immediately. My alarmed colleagues insisted I should get to the hospital right away to make sure everything was OK. I’m so embarrassed by this. I still can’t believe it happened! But I’m sharing it with you today, in intimate detail, because it’s a valuable reminder of how important it is to be ready f...2023-10-0514 min
Infinite Banking MasterySaver vs. Wealth CreatorYou’ve heard the debate over spending and saving: Whether to use debt to finance your purchases, or to always pay in cash so you avoid debt. And you probably have your own opinion on which method is best… But what if I told you they’re both bad? That’s right. Savers and spenders are both losing, because they’re both playing a game that’s rigged against them and in favor of the banks. Thankfully, there is another way… And in this episode I’ll explain what this secret way ...2023-09-2809 min
Infinite Banking MasteryDifferent Ways to Use Your PolicyYou’ve heard Infinite Banking advocates talk about how powerful and flexible IBC with a whole life insurance policy is. But you might be wondering: Isn’t that just hype? Is whole life insurance really that great? So in this episode I’m sharing a boatload of ways whole life can set you up for smooth financial sailing. From buying a car, funding college, saving for retirement, or anything else you can imagine. Listen now! Show highlights include: The “apples-to-oranges” mistake when comparing whole life to investments that makes you overlook th...2023-09-2112 min
Infinite Banking MasteryCD or Whole Life for IBC?I talk about whole life insurance often. For most people, it’s the best vehicle to use for the Infinite Banking Concept (IBC). But technically it isn’t the only way. And with bank CDs paying higher interest rates right now, you might be wondering: “Would I be better off using CDs instead of whole life?” So today, I’m going to show you what you need to keep in mind when deciding which vehicle to use. You certainly CAN use a vehicle other than whole life (it’s legal)...but don’t do it before listeni...2023-09-1408 min
Infinite Banking MasteryWhat Age Should I Start Saving?You’ve heard all your life that it’s best to start saving early. But without taking a closer look at the numbers, you won’t realize how dramatic the difference is. Today I’ve got a practical example that demonstrates how much harder it gets to save for retirement as time passes. And I’ll share other important considerations that are easy to overlook when you think about retirement. You do NOT want these to sneak up on you! This is a powerful episode if you know you should be planning for retirement, but keep kicki...2023-09-0712 min
Infinite Banking MasteryWhat You Need to Know About Parents and Life InsuranceSo you’ve discovered Infinite Banking and realized the advantages whole life insurance offers to your loved ones? And now you’re thinking about whether you should have whole life insurance on your parents. But you wonder… Can I even do that? Are there good reasons to do it? How hard is it to set up? I’m here to help! Today I’ll explain why you can (and should) own whole life policies on your parents, even if they’re still in perfect health. I’ll also rev...2023-08-1711 min
Infinite Banking MasteryFrequently Asked Questions - Part 3Infinite Banking (IBC) users love the independence and control it gives them over their finances and their lives. Some users love doing everything themselves, and want to know how much they can do without needing to get anybody else involved… Others love not being shackled to banks anymore, but need somebody on their side to help them with every step. And to be there whenever they have questions. This makes today’s FAQ episode extra special, because each question highlights how much control you have with Infinite Banking, and also shows the support my t...2023-08-1009 min
Infinite Banking MasteryThe Death Benefit is Valuable in More Ways Than OneMost people think about the obvious advantage of their life insurance death benefit: when you die, your loved ones get money! As important as that is, there’s more that a death benefit can do. Today, I’m sharing how the death benefit can be optimized for your family, your business, and for charitable organizations you wish to support when you pass away. This will give you a glimpse of what’s possible with Infinite Banking, and give you some ideas you’ve never considered. Listen now! Show highlights include:2023-08-0316 min
Infinite Banking MasteryFrequently Asked Questions - Part 2When people hear me talk about the Infinite Banking concept they naturally have questions. And I get it! You’re doing your due diligence and want to be confident IBC will work for you. So to help with that, I’m back to answer more of the questions I get asked all the time in today’s show. Questions like: Should I even try to get insurance if my health isn’t great? I don’t have a lot of money. How could I even get started? And 2023-07-2714 min
Infinite Banking MasteryMaximize Your Pension Using IBCPensions are awesome! And while they aren’t as popular as they used to be, if you do have one you’ve got a tremendous asset on your hands. You might think all you have to worry about is choosing the right payout option… But in most cases you can safely get more money from your pension when you connect it with the Infinite Banking Concept. Today I’ll explain how this works, and help you see if it’s right for you. Listen now! Show highlights include:2023-07-2017 min
Infinite Banking MasteryFrequently Asked Questions - Part 1When people hear me talk about the Infinite Banking concept they naturally have questions. I get it: The ability to “be your own bank” can sound too good to be true. That’s why I’m answering a handful of frequently asked questions in today’s show like: “What is Infinite Banking?” “Am I too old to get started?” “How long does underwriting take?” And “Why can’t I use my own doctor and lab results?” This is a great episode to start with if you or a loved one are new...2023-07-1314 min
Infinite Banking MasteryHow Long Should I Fund the Paid Up Rider?Paid-up additions (PUA) are the “rocket fuel” that grows your whole life policy. So you definitely want them in your policy… But how long should you fund your paid-up rider? While there isn’t a cookie cutter answer to this one, Valerie has valuable insights to help you make the right decision for your situation. Listen now as she explains paid-up additions, the avalanche of factors to shovel through with an adviser, and practical insights about funding your paid-up addition. Listen Now! Show highlights include: Why too much money in your pai...2023-06-2916 min
Infinite Banking MasteryWhat Happens When Dividends are Earned?Did you know dividends aren’t just for stocks? There’s actually one specific type of life insurance policy–and only one–that can pay you dividends. In this episode I’ll explain how Whole Life Insurance dividends work, the three things you can do with your dividends, and what to consider if you’re looking for a policy and having trouble choosing a company. Listen now! Highlights include: Why knowing your contract’s cost basis can prevent an expensive surprise from Uncle Sam. (3:49) How to use “paid up additions” to liven up your d...2023-06-2210 min
Infinite Banking MasteryUse Your System to Get Out of DebtLife insurance policies are like a hidden treasure that only the wealthy know. Why? Because they come with mind-blowing benefits that can change your life. Join me in this episode as I spill the beans on how you can effortlessly pay off all your debts using a life insurance policy and much more… Listen now! Show Highlights Include: How to pay off a loan with your life insurance policy without spending extra cash monthly (0:48) Stuck with credit card debt? Here’s how you can reduce credit card payments down...2023-06-0813 min
Infinite Banking MasteryShould I Own Whole Life on My Children?Time is your child’s greatest asset. Especially when we’re talking about investing. The reason? Compounding interest. The earlier your child starts investing, the greater the power of compounding interest. And that’s where the REAL power of a whole life insurance policy comes into play. So, whenever a client asks me, “should I own whole life insurance for my child?”, my answer is always… Yes! I couldn’t think of a better gift for your child than the asset of whole life insurance. And in today’...2023-06-0119 min
Infinite Banking MasteryFlowing Your Money Like Banks DoThe banks receive massive paydays by collecting interest off of YOUR savings. Here’s how: Banks don’t let the money you give them sit there. They loan it out as fast as they can, marking it up with interest, and selling it back to us in the form of car loans, mortgages, business loans, etc. They do all this because they make a much higher profit by keeping the money in motion, rather than letting it sit. Worst part? They tell us to let our money sit — so they ca...2023-05-2511 min
Infinite Banking MasteryThe Mechanics of Paying Yourself Back with InterestWhen you pay yourself back with interest, you can: Avoid paying the banks ANY interest (and pay your banking system that interest instead.) Potentially retire with a larger nest egg, because you’re receiving that excess interest And you’ll stop forking over your hard-earned money to Wells Fargo or some other greedy banker All of this sounds great, but one of the biggest questions my clients ask when they first hear of this: How do I get this extra interest into my policy? And how does this extra interest grow my personal banking system? ...2023-05-1814 min
Infinite Banking MasteryDon't Steal From YourselfBanks potentially steal tens of thousands of dollars by the time you retire. How? With compounding interest. I know, not a revolutionary concept, but considering how a loan for a $30,000 car actually costs more like $40,000 when you factor in an 11% interest rate... Banks steal from you every day you’re paying back a loan — (well actually, you are willingly throwing extra money at them!) That’s the bad news. The good news? You can avoid paying the banks ANY interest (and pay yourself that interest.) A...2023-05-1113 min
Infinite Banking MasteryIBC vs. Non-IBC Style PolicyWhole life insurance is a terrible place to invest your money. And that’s because life insurance is an asset, not an investment. With infinite banking, you’re housing your money there as opposed to housing it with a bank. And from there, you can invest it however you want — pay off your house, debt, invest in short-term rental properties, etc. The trap Dave Ramsey and other financial gurus fall for is thinking that all whole life insurance is the same. But it’s not. In fact, there’s a huge dif...2023-05-0414 min
Infinite Banking MasteryUniversal Life vs. Whole Life for IBCOne of my new clients woke up with $0 in her life insurance policy after 33 years of funding. Worst part? Her premium was about to increase 1,300%. Yep, 1,300%! I tell you this because if you don’t know any better, you can choose a life insurance policy that’s not optimal for your personal banking system. Many people make this mistake when getting started in IBC. But in today’s episode, you’ll discover how to avoid waking up with $0 in your life insurance policy. Listen now! Sho...2023-04-2722 min
Infinite Banking MasteryTerm Insurance, Good or Bad?If you develop a serious medical condition, you can be banned from whole life insurance (or any life insurance contract!). This is fairly well-known, but there is a way around it: Term insurance. With term insurance, your ability to be insured is “locked in” — even if you develop cancer or another fatal disease decades later. Best part? You can convert your term insurance into a whole life policy. The benefit is that you can ensure your ability to create and grow your own personal banking system. In today’s episode...2023-04-2014 min
Infinite Banking MasteryKeepin' It Tax FreeYour savings can be taxed if you set your life insurance up incorrectly. Simply put, when you deposit “too much” into a life insurance policy, you create a “Modified Endowment Contract” (MEC.) So, what are the disadvantages of a MEC? Any gains you make in your policy will be taxed at your individual tax rate upon withdrawal There’s a 10% early withdrawal penalty if you try to take out before 59.5 Because of the 10% penalty, your money is less accessible Worst part? Once your policy has been established as a MEC, it’s impossible...2023-04-1315 min
Infinite Banking MasteryBorrowing Against Your PolicyIf you’re not using your money to make money, someone else is. While you think your money is safe in the bank, they’re loaning it out — at interest. This is how they make their real money. But, what if you were able to cut them out… And become your own bank? With a whole life insurance policy, you can! When you become your own bank, you can: Earn interest on the amount of money you’re spending Eliminate pesky inflation And borrow against your savings, purchasing rental properties and other...2023-04-0618 min
Infinite Banking MasteryKeep Your Money in MotionBanks are the biggest hypocrites. They, and many financial gurus, like Dave Ramsey, convince you to amass a large fortune and then let it sit. Yet banks do the complete opposite of what they tell you. They make their money by loaning out your savings to other people, all while earning interest. And the reason why they tell you to leave your money in the bank? So they can put your money in motion and make profits on it themselves! Why not take these actions yourself? Why don’t you start to...2023-03-3020 min
Infinite Banking MasteryCompound Interest, UninterruptedWould you rather earn: $100,000 a day for 30 days or… Earn a penny that doubles every day for 30 days? Trick question. At the end of the 30 days, you would have earned $3 million at $100k per day. Not too shabby. But what about a penny that doubles every day for 30 days? A cool $10.7 million! So how is this possible? Well, it’s all possible with Albert Einstein's “8th Wonder of the World” — uninterrupted compounding interest. Not only does Albert subscribe to this, but so does Tony Robbins, Warren Buffet, and Charlie Munger.2023-03-2316 min
Infinite Banking MasteryMoney We are Willingly Handing AwayDo you ever sit and burn $20 bills? If you don’t, you may as well, because right now the banks are legally taking 34.5% of your take home earnings in pure interest. This interest isn’t to pay down your mortgage, your car loan, or your student debt. It’s to fill the greedy coffers of ultra rich bankers. Think I’m being hyperbolic? I purchased my home for $377,988 — amortized over 30 years. With an interest rate of ~6.7%, that means $483,238 is going to the bank in interest by the end of the 30 years. Worst part? The...2023-03-1617 min
Infinite Banking MasteryWhat is Fractional Reserve BankingHow nice would an extra million dollars sound? And imagine if you didn’t have to work harder, smarter, or even work at all to get it. Well, this does exist! But I don’t recommend you try doing it, because you’ll cop a whopping 20 year prison sentence. But if your name is Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, or Goldman Sachs, then go for gold! That’s right, the banks do this every single day. They do it so much that a huge amount of our currency supply is...2023-03-0913 min
Infinite Banking MasteryHow Banks Make MoneyHave you ever wondered why there’s a maximum withdrawal limit at the bank? They’ll often tout it as “stopping criminals from laundering money.” But the reality is this: They don’t have much money in the actual bank! What do I mean? The primary way banks make money is by lending out YOUR money. Banks only need to keep about 10% of deposits on reserves. So when you make a deposit, they loan out your money (and then some!) and earn their profit by charging interest. The only reason why this has wor...2023-03-0212 min
Infinite Banking MasteryDo What Rich People DoWalt Disney, JCPenney, and Ray Kroc. What do all these ultra-wealthy individuals have in common? They all possess, “The Secret of the Affluent”, as coined by the New York Times. In layman’s terms, they all got ahead in life, not by spending their own money, or taking out a loan, but… By borrowing against their whole life insurance policy! So, why do the ultra-wealthy leverage whole life insurance policies? Deposit amounts are unlimited (and NO income limitations) No tax on the growth of your account No tax when accessed either (if structure...2023-02-2310 min
Infinite Banking MasteryThe Ideal Savings ToolImagine a savings tool that had: Guaranteed growth / return on investment (and we’re not talking under 1% like you get in savings accounts) Liquidity (access your savings income — tax and penalty free — whenever you want) Borrow against the full amount of your savings (without risk of a margin call) — rather than withdrawing your money. Allowing your savings to continue to snowball and grow! And you know what? I only mentioned a fraction of the benefits here. In this episode, I reveal the additional 10 benefits this savings tool has. And if your investment vehicle doesn’t have these, y...2023-02-1611 min
Infinite Banking MasteryTwo Ways to Build Tax Free WealthYou owe the US Government $519,000. What? How? Well, as a nation, we owe over $31 trillion owed in funded liabilities (debt.) And we also owe over $173 trillion in unfunded liabilities (even more debt.) Worst part? According to David Walker, ex-CPA of the USA, your future tax rate will need to double — or else the nation will declare bankruptcy. Imagine paying double the taxes you already pay. With taxes projected to double, trying to build a nest egg will be impossible. Imagine what your retirement would look like if the government lega...2023-02-0913 min
Infinite Banking MasteryA Typical American FamilyYou owe the US Government $519,000 (and growing). That’s how much you (and every other American) needs to pay in order to bring down Uncle Sam’s debt. What’s even crazier is this: According to retirement expert Ed Slott, the Federal government can increase their percentage of your savings whenever they need more money — and that day is coming soon. So the question is, how much will the government take away from your retirement account? In today’s episode, I reveal how you can avoid the government legally taking more of your hard...2023-02-0209 min
Infinite Banking MasteryHow Infinite Banking Became My PassionThe last 2+ years have shown us we can’t trust the banks or government: Criminally low interest rates, blatant market manipulation, and an unsafe and volatile market. Every year you leave your money in the bank, you're losing a small percentage of your buying power thanks to inflation. What if I told you that banks are doing something completely different, then what they are telling you to do? Sounds crazy, right? In today’s episode, you’ll hear an introduction to one of the most powerful strategies that will allow you to take control...2023-01-2615 min