Infinite Banking Mastery

You'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 first on your list instead of newer works on IBC. (1:25)
• "97-3-10 Rule" of wealth accumulation that should shock you out of complacency with your personal finances. (3:17)
• Two businesses every businessman should be in if they really want financial freedom. (4:15)
• Surprising similarity between money and water. Understand this and you can win big with your finances. (4:33)
• Legal way banks use your own money to keep you broke while they thrive. (6:23)
• The two questions you must answer when wondering if IBC is right for you. (8:17)

Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

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 say it takes forever to access funds in your whole life account. Here's how to do it in weeks, not years. (1:06)
• Paying monthly premiums? Here's how long you should wait to borrow against that account. (3:38)
• Powerful tool helps you knock out debts while only tapping your account once per year. (3:58)
• The friendly employee your bank has, but the insurance company doesn't. And the surprising reason the financially savvy want to keep it that way. (4:55)
• Really want to borrow against your plan right away? Here's how to do it with enough cash value to avoid long waits. (6:36)
• Using your checking or savings account to hold a big down payment on a house? Where you could put that money instead so it works harder and more efficiently for you. (7:18)
• How the Paid Up Additions rider works so efficiently, and what to look for so you don't get surprised when it's time to move your money. (8:30)

Reach out to me:

[email protected]

https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)

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.

Listen now!

Show highlights include:

• Your biggest concerns about your ability to get coverage aren't really the biggest concerns. The single factor that trumps both your age and your income. (0:45)
• Want to insure a relative? It's possible, but not always as easy as you think. (0:56)
• "No risk" way to consider underwriting even if you have common health issues like high blood pressure or high cholesterol. (2:05)
• The practical reason to be completely honest filling out paperwork about medical conditions. (2:37)
• "Big picture" view of insurance ratings and how the different rate classes affect Infinite Banking. (4:16)
• Rating class too low for a whole life policy that works great with IBC? Do this immediately. (5:02)
• Waiting until your health improves before you get coverage could be the biggest mistake of your life. Here's what to do instead. (5:48)
• Why a lower health rating doesn't drive up IBC costs as high as you think. (9:32)
• Definitive answer to the age-old question: "Can IBC really work for me?" (10:58)

Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

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 miscalculate how much coverage their spouse needs. (1:29)
• Dark way your emotions betray you in IBC planning. (6:30)
• Why all the benefits of IBC can't save you if you refuse to be honest about your insurance needs. (7:55)
• Strategic way to use term life to cover your spouse if whole life isn't an option. (9:00)
• Secret reason the ultra-rich put whole life coverage on their stay-at-home spouse, even though they don't need the death benefit. (11:52)

Reach out to me:

[email protected]

https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)

You 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 enough, and when you should have several.

Listen now!

Show highlights include:

• Why it's better to start IBC as high as your budget will allow instead of starting lower and increasing later. (1:18)
• Dangerous thing some Whole Life companies allow that could destroy your IBC system. Especially if you don't read your mail every day. (2:20)
• "Irreplaceable" asset you lose forever by starting small to test out IBC. (4:50)
• Surprising ways to make arrangements for yourself and your family, even if you can't afford a plan for every family member right now. (6:50)
• What Infinite Banking can do for your young scholar that a college savings plan can't. (9:12)
• How multiple policies can save you from accounting nightmares, especially if you don't like keeping close track of everything yourself. (10:35)

Reach out to me:

[email protected]

https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)

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 a policy in a more traditional way vs. building for IBC. (2:00)
• Will Dave Ramsey ever like Whole Life insurance? Why Valerie thinks he'd never admit it, even if he secretly changed his mind. (6:00)
• "Should I go for a low base premium?" Why this trend is a choice you'll regret. (8:06)
• How to balance your policy so you aren't low on cash when you need it the most. (9:51)
• A whole life contract you don't have to pay premiums on for your whole life? It's possible! Details here. (10:32)
• Why the strategy for repaying loans to yourself changes once you hit retirement. (11:32)
• Two lurking dangers waiting to ruin you if you don't structure how you borrow against your policy. (12:20)
• What a policy lapse is, and why it's especially bad if you're in retirement age. (15:04)
• 10 years away from retirement. Is it too late to prepare? Valerie's answer. (15:42)

Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

With 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 exactly what I mean by this. I'll also share how IBC can safeguard you from squandering a fortune in opportunity costs.

Listen now!

Show highlights include:

• How IBC lets you "have your cake and eat it too" with your money. (2:57)
• What is "opportunity cost" anyway? Crystal clear definition to eliminate confusion. (3:03)
• Sneaky way car payments keep you broke, even if they're well within your budget. (3:52)
• How to spend today without compromising your savings for tomorrow. (8:17)

Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

By 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 event you do need those benefits.

Listen now!

Show highlights include:

• Jarring reminder of how quickly your world can unravel from disability. IF you aren't prepared. (1:38)
• What a fancy yacht can teach you about disability insurance. (3:09)
• How to navigate a gap in your company's coverage so you aren't caught unguarded if you get sick or injured. (5:10)
• How an individual plan can keep COBRA from squeezing your savings. (6:22)
• Surprising real life disability claims prove unexpected things happen even if your job isn't dangerous. (8:23)
• Didn't know it covered that? Arthritis, asthma, and other common ailments that can be covered by disability insurance. (10:12)
• They didn't think they needed coverage. Heartbreaking account of "I don't need it" turning into "I wish I had it." (10:58)
• Why you could still qualify for disability payments even if you're able to work a different job. (12:10)

Reach out to me:

[email protected]

https://www.linkedin.com/in/valerie-laroque-lacp-b569509

Infinite Banking Mastery (infinitebankingnorthwest.com)

Your 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.

Listen now!

Show highlights include:

• Four dangerous myths that stop people from buying critical coverage. (1:43)
• The surprising survey that says half of working Americans are just a few weeks away from financial ruin. (2:24)
• Why you don't have to work in a dangerous industry to be at risk of disability. (3:17)
• Long term disability coverage won't cover something you already have? Here's why to get the coverage anyway. (4:19)
• How a comfortable desk job makes you a prime candidate for long term disability coverage. (5:00)
• Think Uncle Sam will take care of you if you're disabled? (5:27)
• Why trusting your company's disability plan could let you down when you need it most. And complicate your taxes! (7:31)
• Questions to ask Human Resources to know for sure your company's disability coverage is right. (7:52)
• When short term disability coverage actually lasts long enough. (9:20)

Reach out to me:

[email protected]

https://www.linkedin.com/in/valerie-laroque-lacp-b569509

Infinite Banking Mastery (infinitebankingnorthwest.com)

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 highlights include:

• Why it's impossible to put a percentage on how much you should save for the future. (1:25)
• Overlooked expenses that leave retirees struggling to keep their house–even though it's paid off. (2:09)
• Tax man's 1-2 punch waiting for you in retirement. Know now so you won't get sucker punched! (3:34)
• Heartbreaking way assisted living needs can expose your assets like a carcass in the desert…and the vultures waiting to pick it clean. (5:30)
• How to use IBC to protect yourself in your retirement years. (9:30)

Reach out to me:

[email protected]

https://www.linkedin.com/in/valerie-laroque-lacp-b569509

Infinite Banking Mastery (infinitebankingnorthwest.com)