Not Your Average Financial Podcast™

Episode 367: A Bank on Yourself® Manifesto with Dave Bonnemort

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In this episode, we ask:

  • Would you like to hear Part 1 with Dave Bonnemort?
  • What about mindset?
  • What about cash value life insurance?
  • What is the point of all of this?
  • What about building capital?
  • Can you do hard things?
  • What’s Dave’s experience with his policies?
  • What about thinking long range?
  • Do you want a million dollars today or a penny that doubles every day?
  • What about dividends?
  • What was Nelson Nash pounding the drum about?
  • When do you want your money to be most efficient?
  • How does the Bank on Yourself® or Infinite Banking strategy fit into the E.S.I. framework we talked about last week?
  • What about warehousing your wealth?
  • What about emergency funds?
  • What about starting a business and access to opportunity funds?
  • What about looking at the flow of money?
  • What about the Profit First book?
  • How does Dave pay his taxes?
  • How does Dave protect the family and the business?
  • What is the Augusta rule?
  • What about paying for college and beyond?
  • What about saving to drive the efficiency of the dollars?
  • What about real estate, crypto or starting a business?
  • Does the choice have to be either/or?
  • How is life insurance an “and asset”?
  • How do the tax dollars pay for the life insurance premium?
  • What did Dave learn from Nelson Nash?
  • What about insurance as an asset class?
  • How did Dave choose to work with Mark?
  • Do you build capital in an investment?
  • Who gets burned?
  • What about ruminating over all of the information, to really absorb and learn it?
  • What about being more strategic?
  • What about paying a simple interest rate back to the insurance company?
  • What about having capital for opportunities?
  • What about getting better terms for cash (vs. financing)?
  • What about the example of the two sisters: the life insurance sister vs. the C.D. sister?
  • Why are books so important and so much better than social media?
  • What will take time?
  • What is a 30 year journey and process?
  • Who understands how to handle lump sums?
  • Who is willing to hustle and grind?
  • What are the strategies you can employ when you can’t pay a premium?
  • What about thinking long term?
  • Would you like to hear Episode 95 and Episode 96?
  • How might life insurance figure into your overall situation?
  • How might it be a safety net as well as accessible capital?
  • How might patience lead to exponential growth over time?
  • What about talking with your family to teach financial concepts in a practical way?
  • Would you like to meet with Mark?

    • Dave Bonnemort is a current client and active practitioner of the Becoming Your Own Banker concept, as well as a husband to an amazing wife and father to three incredible kids.

    He makes his living as a small business owner, is a student of Austrian economics, and a personal finance junkie.

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