Shows
The IBC GuysEp. 28 - Shame in Finances?Episode 28: Shame in Finances?
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, Mike is away, so Dave and Tim get to hang out and discuss an interesting topic around finances - shame. The title of the episode has a two-fold meaning: (1) Does one have shame in finances and (2) Should one have shame in finances? The guys share their thoughts around shame related to their own finances and, specifically IBC, including personal examples of how they have felt shame around finances in their lives. If you’re looking for enco...2025-07-2939 minThe IBC GuysEp. 27 - The IBC Loan ProcessEpisode 27: The IBC Loan Process
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, Dave and Tim talk through the process of taking a ‘loan’ out of your IBC policy. The guys work to explain the process, discuss common misconceptions and misunderstandings, and compare the IBC loan process with the loan process of a traditional bank. If you’re ready for practical implementation, this episode is for you!
Also in this episode, the jokes are at Mike’s expense because he’s not there, Dave gets mad at himself...2025-07-2238 minThe IBC GuysEp. 26 IBC Discussion - TimEpisode 26: IBC Discussion: Tim
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, back by popular demand, Mike and Dave are joined again by Tim Scheinder, a long time IBC user. Time provides his perspective and insight in IBC in this round table discussion. Tim is able to talk through some of the same ideas the Guys have discussed previously, but in a different way that brings clearer understanding.
Also in this episode, Dave proposes a new title for the podcast, Mike rides a bike backwards, and Tim is...2025-07-1435 minThe IBC GuysEp. 25 - IBC Stories: TimEpisode 25: IBC Stories: Tim
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, Mike and Dave are joined by Tim, a long time IBC user. Time provides a POWERFUL story in (a) what led his family to utilize IBC and (b) how IBC has impacted his family’s financial future.
Also in this episode, Mike tries out for the Senior PGA Tour, Dave gets put in his place, and Tim gets hit up for some of his wife’s cinnamon twists! If you’re interested in how IBC was...2025-07-0836 minThe IBC GuysEp. 24 - Buy/Sell Agreements: Do you Need One?Episode 24: Buy/Sell Agreements: Do You Need One?
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, Mike and Dave discuss Buy/Sell agreements - definitions, examples, and encouragement in deciding if Buy/Sell should be in your life. When life changes - death, retirement, disability, etc. - Buy/Sell agreements (a) proactively make the decisions for the change and (2) pay out any financial settlement that may be part of that change. All the while, the owner of the policy can use the Buy/Sell agreement as an IBC policy, main...2025-07-0129 minThe IBC GuysEp. 23 - IBC and Trusts: Mike's StoryEpisode 23: IBC and Trusts: Mike’s Story
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, Mike and Dave talk about the relationship IBC policies have with Trusts. The guys discuss legacy wealth, tax sheltering, and how Mike plans to bless his family for generations.
In this episode, Mike decides he wants to (maybe) become a musician, Dave reveals his status as an attorney, and the guys ask for your help. If you have been thinking about how to ensure your family’s financial status long after you...2025-06-2438 minThe IBC GuysEp.22 - How Much Premium Should Go In My First Policy?Episode 22: How Much Money Should Go Into My First Policy?
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, Mike and Dave talk through an often asked question: “How Much Money Should Go Into My First Policy?” The guys talk through different considerations, some key questions your family should ask itself, and help you to decide what the best amount should be for your first policy.
In this episode, Mike isn’t featured on 48 hours, Dave is glad to have his buddy back, and the guys give the most frus...2025-06-1734 minThe IBC GuysEp. 21 - How Many Policies Should I Have?Episode 21: How Many Policies Should I Have?
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, Dave discusses the number of IBC policies that is just right for each individual. Mike brings life into the world, Dave tries to explain things using cardinal directions, and Dave says things in a weird way - again!
Key takeaway: The number of IBC one should have is dependent on the person.
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a c...2025-06-1119 minThe IBC GuysEp. 20 - IBC Guys UpdateEpisode 20: IBC Guys Update
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, Dave gives a quick status update for the podcast, talks through specific examples of how people are using IBC, and asks you to call! It’s short and sweet this week.
Key takeaway: People are using IBC in all sorts of ways and so can you!
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
📱 Follow us...2025-06-0308 minThe IBC GuysEp. 19: IBC Stories - MelissaEpisode 19: IBC Stories - Melissa
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, the guys welcome Melissa! Melissa owns a marketing business that helps people define their mission and then communicate that mission in a way that is impactful and actionable. Melissa was instrumental in helping the guys launch the IBC Guys podcast. In doing so, she heard the guys’ story and learned about IBC, eventually leading her to secure her own policy. Melissa is relatively new to IBC so, if you have been wanting to hear about IBC from the...2025-05-2035 minThe IBC GuysEp. 18 - Mike's IBC StoryEpisode 18: Mike’s IBC Story
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, Mike tells his IBC story! It’s been too long coming, but this is the episode for which everyone has been waiting!
Mike and Dave talk through:
Mike’s introduction to IBC and his initial reaction
Mike’s perspective in the banking system and where IBC fits in (or doesn’t fit in)
How Mike realizes has passion of helping people through helping them with the Infinite Banking Concept
2025-05-1334 minThe IBC GuysEp17 - What is IBC? V.2 Part 2 - "HOW?!"Episode 17: What is IBC? V. 2 Part 2 - "HOW?!"
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, Mike and Dave work to explain one key question often asked when talking through the ‘Purchasing a Truck’ example: “HOW does the money run through your IBC policy come back to your family?”
Mike and Dave talk through:
The Truck Example using one truck
The Rate of Return on running your money through your policy
How IBC monetizes the capital you’re using to pay for the truck co...2025-05-0632 minThe IBC GuysEp. 16 - What is IBC? V.2Episode 16: What is IBC? V. 2
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, Mike and Dave once again tackle the question “What is the Infinite Banking Concept?” Using similar examples said a different way, the guys work to answer the question that is asked of them the most.
Mike and Dave talk through:
The options of purchasing a vehicle and where IBC fits in
The ultimate benefit of having money you’ve already spent return to your account
The notion that IBC is so simp...2025-04-2937 minThe IBC GuysEp.15 - IBC Stories - Jonathan and CarissaEpisode 15: IBC Stories - Jonathan and Carissa
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, Mike is away to spend time with family, but Dave is joined by Jonathan and Carissa to hear their IBC story.
Jonathan and Carissa talk through:
How they came to hear and learn about IBC
How their family is leveraging IBC to have their money make money make money.
Their recommendations for those who are continuing to learn about IBC.
Dave, Jonathan, and Carissa have...2025-04-2235 minThe IBC GuysIBC DefinitionsEpisode 14: IBC Definitions
Welcome back to The IBC Guys Podcast!
In this episode of The IBC Guys, Dave and Mike take a step back to unpack some of the key terms that often confuse folks new to Infinite Banking. If you've ever felt like IBC conversations sound like a foreign language, you're not alone—and this episode is here to help.
They break down:
Paid-Up Additions Rider (PUA): What it is, how it supercharges your policy, and why it’s central to building a banking system.
Modified Endowment Contract (MEC): What h...2025-04-1537 minThe IBC GuysDo I Really Have to Pay Myself Back? – IBC MisconceptionsEpisode 13: Do I Really Have to Pay Myself Back? – IBC Misconceptions
Welcome back to The IBC Guys Podcast! In this episode, Mike and Dave tackle one of the biggest misconceptions about the Infinite Banking Concept (IBC): Do I really have to pay myself back?
We hear this question all the time. When you take a loan from your policy, do you have to pay it back? The short answer? No—but the real question is, why wouldn’t you? Today, we break down the mechanics of policy loans, how they work, and why...2025-04-0829 minThe IBC GuysIBC and The Golden GooseEpisode 12: IBC and The Golden Goose
Welcome back to The IBC Guys Podcast! In this episode, we (Mike and Dave) dive deep into a powerful analogy—IBC and The Golden Goose—to help you understand how the Infinite Banking Concept (IBC) can transform your financial future.
You’ve probably heard the fable of the golden goose that lays golden eggs. But what if we told you that your financial system could work the same way? Instead of chasing short-term gains or relying on banks to control your money, what if you could bu...2025-04-0127 minThe IBC GuysPart 2 - Using IBC to Buy a CarEpisode 11: Part 2 - Using IBC to Buy a Car
Hey everyone — welcome back to The IBC Guys Podcast! If you caught Part 1 last week, you know we started breaking down how to buy a car using the Infinite Banking Concept (IBC). Well, today, we’re rolling up our sleeves and getting into the weeds.
🚘 Part 1 Recap: We walked through Nelson Nash’s example from his book, comparing buying a car with a Certificate of Deposit (CD) versus using an IBC policy. Spoiler alert — the IBC method starts slower but wins big in the long run. Today...2025-03-2535 minThe IBC GuysPart 1 - Using IBC to Buy a CarEpisode 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...2025-03-1834 minThe IBC GuysHow to Use IBC in Purchasing Real EstateEpisode 10: How to Use IBC in Purchasing Real Estate
Welcome back to another episode of The IBC Guys Podcast! In today’s episode, we’re diving into an exciting and practical topic—how to leverage the Infinite Banking Concept (IBC) to purchase real estate. Whether you’re a seasoned investor or just getting started, this episode will show you how to use your IBC policy as a powerful tool to fund real estate investments and build long-term wealth.
Mike shares his personal experience in using IBC to purchase properties and walks us through...2025-03-1138 minThe IBC GuysDave’s IBC StoryEpisode 9: Dave’s IBC Story
Episode Summary:
Welcome back to another episode of The IBC Guys Podcast! In this episode, we’re switching things up a bit as Dave shares his personal journey into the Infinite Banking Concept (IBC). From his early days as an educator to becoming a full-time entrepreneur, Dave walks through his path, his skepticism, and the pivotal moment that changed his financial mindset.
We also dive into how Dave and his wife transitioned from W2 jobs to running a land business, how they structure their finances using IBC, and t...2025-03-0427 minThe IBC GuysGood Debt vs. Bad DebtEpisode 8: Good Debt vs. Bad Debt – How IBC Fits Into the Equation
Welcome to The IBC Guys Podcast!
In this episode, we (Mike and Dave) dive into a topic that’s often misunderstood—good debt vs. bad debt. Plus, we explore how the Infinite Banking Concept (IBC) can help you transform liabilities into assets and take control of your financial future.
What We Cover in This Episode:
A fun backstory about Mike’s legendary $15 sport coat—yes, really!
The difference between good debt and bad debt, and why understandin...2025-02-2525 minThe IBC GuysFamily Banking LegacyEpisode 7: Family Banking Legacy – How to Keep Wealth for Generations
Welcome back to another episode of The IBC Guys Podcast! We’re Dave and Mike, and today we’re diving into a topic that’s close to our hearts—family banking and building a lasting financial legacy.
What We Covered in This Episode:
Why generational wealth disappears – Ever heard the phrase “Shirt sleeves to shirt sleeves in three generations”? We break down why 70% of wealth is lost by the second generation and 98% is gone by the third—and more importantly, how to stop that from happening to your family.
The financial literacy ga...2025-02-1834 minThe IBC GuysHow Much Does an IBC Policy Cost?Episode 6: How Much Does an IBC Policy Cost?
Welcome back to The IBC Guys Podcast! In this episode, we’re tackling one of the most common questions we get: How much does an Infinite Banking Concept (IBC) policy cost?
The answer? It depends! There’s no fixed minimum or maximum amount—you can start with what works for you. We’ll break down how IBC policies work, what factors influence cost, and how you can start building your banking system today.
Key Takeaways:
No Set Cost – Thin...2025-02-1110 minThe IBC GuysSavings vs. Investing & Where IBC Fits InEpisode 5: Savings vs. Investing & Where IBC Fits In
Welcome back to The IBC Guys Podcast! In this episode, Mike and Dave tackle a common question: What’s the difference between saving and investing, and where does Infinite Banking (IBC) fit in? We break down the definitions of saving and investing, discuss how most people confuse the two, and explain why IBC is neither—it’s a cash flow system that helps you recapture money you’re already spending.
We also play a quick game of "Is it Saving or Investing?" to challenge the way...2025-02-0428 minThe IBC GuysHow Banks Are Stealing Your WealthEpisode 4: How Banks Are Stealing Your Wealth
Welcome to the fifth episode of The IBC Guys! Today, Mike and Dave reveal how banks profit from your hard-earned money and share how you can take back control using the Infinite Banking Concept (IBC).
In This Episode:
How Banks Work: Learn how banks turn your deposits into massive profits through fractional reserve banking.
Impact on Families: Understand how traditional banking methods drain wealth from your family.
IBC Explained: Discover how IBC helps you grow and keep your money within your family’s financial system.
Real-Life Benefits: See how you can finance purchases like...2025-01-2836 minThe IBC GuysDave's IBC StoryEpisode 4: Dave's IBC Story
🎙️ Welcome to Episode 4 of the IBCguys Podcast!
Today, we’re diving into some of the most important questions we hear:
How do you get started with Infinite Banking (IBC)?
How does IBC fit into your family’s life?
How can it benefit your business?
If you’re not using IBC, chances are you’re letting money flow away from your family forever.
In this episode, Dave shares his personal journey with IBC—from first learning about it, to truly understanding it, and finally implem...2025-01-2330 minThe IBC GuysWhat is Financial Cancer and Do You Have It?Episode 3: What is Financial Cancer and Do You Have It?
Welcome back to our podcast show! We’re Mike and Dave, and this is our third episode. Today, we’re diving into a shocking reality: the average American is paying 34.5% of their income in interest. That’s right, over a third of your hard-earned money is going to someone else.
In this episode, we’ll cover three key things:
Identify how this is happening: Where is all this interest coming from, and how did it become such a massive burden on familie...2025-01-2118 minThe IBC GuysWhole Life Insurance vs. Term InsuranceEpisode 2: Whole Life Insurance vs. Term Insurance
"Buy Term and Invest the Rest." You’ve probably heard this phrase before, but have you ever stopped to ask: Are the people saying it telling you the truth?Or better yet, are they telling you the entire truth?
In this episode, we’re diving deep into the topic of Whole Life insurance. We’ll compare Whole Life to Term insurance and break down the role Whole Life plays in the Infinite Banking Concept (IBC). Spoiler alert: Whole Life insurance isn’t just another policy—it’...2025-01-1420 minThe IBC GuysWhat is IBC?Episode 1: Introduction to the Infinite Banking Concept
Welcome to the very first episode of The IBC Guys podcast with Mike and Dave!
Most people have never heard of the Infinite Banking Concept (IBC), but we’re here to change that. Every day, families are losing the opportunity to re-capture money that’s flowing away.
In this episode, we’ll give you a simple and practical overview of IBC and explain how we use it in our everyday lives. Whether you’re just hearing about this for the first time...2025-01-0630 minThe IBC GuysIntroductionIntroduction to the Podcast
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