Life Success Legacy

What started as a collection of notes and ideas for their daughter Jackie became the first edition of DIBS On Your Money. Years of real-world experience later, Mike decided updates were needed. In this episode, Chris sits down with Mike to talk about how the book began, what changed in the second edition, and why the rewrite includes more personal stories and a deeper look at the Dynamic Income Banking System, especially how others are utilizing their system. If you’ve read the first edition, this one’s worth hearing before you pick up the update. If you haven’t, it’s a good place to start. Get your copy today!

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This week we’re going through some of the most common myths and misconceptions about IBC. Some come straight from client questions and learning events, and plenty come from what’s floating around online. A lot of them stick because they sound reasonable until you look at how a properly designed IBC policy actually works. We take on a few them this podcast, say where the confusion comes from, and talk about what we’ve seen in practice. If you’ve heard something about IBC that doesn’t sit right, this one’s worth a listen.

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You’ve probably heard this one before: IBC is caught, not taught. Where did that phrase actually come from, and what does it mean in practice? We get into how LSL thinks about it — and why “catching” it tends to be a lightbulb moment, one that changes how people see the uses of their policy and, for a lot of folks, marks a real turning point in how they run their system.

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This is one we’ve talked around plenty of times but never actually sat down and recorded on its own: annual prepaid interest. So that’s what we’re doing here. There are a few different ways to handle it, but we get into what it actually is, why it gets charged, why that charge actually works in your favor, and how each of us personally handles paying it.

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This week we’re back on a question that comes up all the time in Boot Camp: how aggressive should your policy design actually be? We’re all for putting a policy to work right away, whether that means paying down debt or covering everyday expenses, but ultra-aggressive design is where we draw the line. We go through several examples, including a few from our own experience, and no one on the Life Success & Legacy team designs policies this aggressively. Ours typically run even more conservative than several of Nelson’s examples. Worth a listen as you decide how to design your policies.

The post Revisiting Aggressive Policy Design appeared first on Life Success Legacy.

Clients ask us this all the time: how many policies do you actually have, how did you fund them, and do you really need more than one? In this episode, we go through our own systems and provide an overview of why we started each one, and the reasoning behind adding more.

The post Why We Started Our Policies (and How We Funded Them) appeared first on Life Success Legacy.

Chris sits down with Mike Everett — founder, leader, el jefe, take your pick — to get into IBC, Nelson Nash, and what’s been happening with LSL. Grab your coffee for this one cause you know an Everett interview is not to be missed!

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The post When Can I Stop Paying Premiums? – A Mindset Question. appeared first on Life Success Legacy.

In this episode, Chris sits down with Jeff King — a man of many dimensions, but boring isn’t one of them. This first conversation is all about getting to know Jeff: his background, his philosophy, and how he and his wife are putting the Infinite Banking Concept to work in their own lives. Jeff also plays a role in the team’s Dream Conversation — but those details will have to wait for episode two. Tune in and get to know one of our favorite people behind the scenes.

The post Jeff King: Infinite Banking, Big Ideas & the Dream Conversation | Part 1 appeared first on Life Success Legacy.