Fellow IBC Practitioner and author Luke Tatum joins Wade today to discuss his book and what drew him to pursue the Infinite Banking Concept. They talk about the importance in controlling the mechanics of how you bank so you aren't caught flat footed with forces beyond your control. Many people take access to capital for granted. Listen in to learn how you better control the banking function in your life and have access to capital whenever you need it.

Episode Highlights

• 03:39 How people can relieve stress about finances by questioning the fundamentals of money access and capital, and recognizing the importance of controlling the mechanics
• 07:40 Financial empowerment and the importance of controlling one's personal banking function
• 11:12 Luke's financial book, Between the Lies, and what led to its creation.
• 15:16 How success in one area, like finances, can lead to success in other areas of life
• 16:37 The importance of being responsible for your financial life and taking control
• 21:12 Some people are afraid to take responsibility for their financial life because they fear the consequences if things go wrong
• 35:23 The appeal of a whole life insurance policy
• 37:18 Emphasizing the advantages of flexibility, ownership, and control in choosing a life insurance policy
• 38:14 The differences between mutually-owned companies and Wall Street-owned companies in relation to policyholders' interests
• 39:51 The importance of contract law for whole life insurance policies and having guaranteed access to a line of credit
• 40:42 Comparing depositing assets in a bank versus a mutually-owned life insurance company
• 42:34 Questioning whether someone would rather be a customer or owner of an insurance company, relating to stock-owned vs. mutually-owned insurance companies
• 44:04 The concept of "quiet money" with whole life insurance policies Episode Resources
• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• [email protected]
• Connect with Luke Tatum
• https://betweentheliesbook.com/
• https://perfectspiralcapital.com/
• https://www.linkedin.com/in/luketatum