In this episode of Living Wealthy, Nick breaks down the three levels of using a Bank On Yourself policy and how each level serves a different purpose depending on your stage of life, goals, and mindset around money.

This episode is a clear look at how Bank On Yourself isn’t one-size-fits-all, it’s a flexible, customizable system that can evolve with your financial life. Whether you’re just getting started or already thinking outside the financial mainstream, there’s a level that fits.

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

In this episode of Living Wealthy, Nick breaks down the why and how behind Bank On Yourself-designed whole life insurance policies—and why they’re completely different from the life insurance products most people are sold. He dives deep into the specific design structure that makes these policies powerful financial tools, including early cash value growth, non-direct recognition loans, paid-up additions, and guaranteed performance.

Nick also explains why he only uses select insurance companies, those with long-standing financial strength and consistent dividend-paying histories, and why policies from big-name insurers or flashy products like indexed or variable universal life (IUL/VUL) don’t make the cut. From hidden fees to market volatility and unreliable projections, these other policies often promise more than they deliver.

If you’ve ever wondered what makes a true Bank On Yourself policy different—or why most agents aren’t offering them—this episode gives you a behind-the-scenes look at what’s under the hood, and why working with the right design and company makes all the difference.

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

In this episode of Living Wealthy, host Nick Poppe reacts to the YouTube video “Whole Life Insurance is a Scam – What the Salesman Won’t Tell You” by Rich on Money. Nick dives point by point into Rich’s arguments against whole life insurance, clarifying common misconceptions and offering his perspective as someone who uses and teaches the Bank on Yourself strategy.

Nick explains why calling whole life insurance a “bad investment” is misleading, it’s not an investment at all, but a long-term savings vehicle with unique benefits. He addresses concerns about premiums, commissions, fees, and slow early growth, while emphasizing how properly designed policies create flexibility, stability, and control.

Throughout the episode, Nick contrasts the “buy term and invest the difference” mindset with a broader financial philosophy: wealth isn’t just about chasing the biggest net worth decades from now, it’s about living a life of freedom, balance, and control today while still planning for the future.

Listeners will walk away with a clearer understanding of how whole life insurance really works, how it complements investing and business ownership as an “and asset,” and why financial strategies should fit the individual, not a one-size-fits-all formula.

You can watch the YouTube video from Rich on Money here: https://www.youtube.com/watch?v=g6nG_XRbXuY

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

In this episode of Living Wealthy, host Nick Poppe reflects on the importance of life insurance during Life Insurance Awareness Month. While recent tragic events serve as a sobering reminder of how fragile life can be, Nick emphasizes the peace and protection that life insurance provides for families left behind.

He shares his heart on living boldly, standing firm in faith, serving others, and being a good steward of the resources and responsibilities God entrusts to us. Life insurance, he explains, is not just about numbers or policies, but about love, stewardship, and protecting those who matter most.

Nick also opens up about his own journey of faith and why he feels called to speak boldly on both financial and spiritual matters. He challenges listeners to have real conversations about their life insurance, to ensure their loved ones are cared for, and to live with intention and courage in every area of life.

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

In this episode of Living Wealthy, Nick gets back to the basics—helping listeners lay a strong financial foundation, especially if they’re just getting started or need to regroup after a few missteps. He walks through the essential first steps: understanding where your money is going, building a simple and effective budget, and taking control of your debt. Nick emphasizes that financial freedom doesn’t require perfection—it requires clarity, consistency, and ownership.

He also shares his personal journey of using Bank On Yourself whole life insurance policies to pay off student loans, illustrating how these tools can create flexibility and financial control while still building long-term wealth. Whether you’re new to budgeting, buried in debt, or simply feeling stuck, this episode offers practical encouragement to take action and start creating a life where you feel confident, in control, and on the path to real freedom.

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

In this episode of Living Wealthy, Nick Poppe challenges the traditional financial planning model and explores why it often falls short for modern investors, entrepreneurs, and anyone who doesn’t fit the “retire at 65” mold. He breaks down the common assumptions baked into conventional advice—like maxing out retirement accounts, relying on a 60/40 portfolio, or chasing market returns—and why those may not serve people who value flexibility, control, or early financial independence.

Nick shares his personal experiences and observations from the financial industry, highlighting the limitations of locking money into long-term vehicles and the risks of being overexposed to public markets. He also digs into the myths around high investment returns, market outperformance, and how real people behave in volatile markets.

Through this lens, he advocates for a more custom, values-driven approach to financial planning—one that prioritizes access to capital, financial flexibility, and the ability to pivot when life changes. He introduces the Bank on Yourself strategy as one such solution and discusses how it can be a game changer for creating opportunity and security—without relying solely on Wall Street.

To watch the video referenced in the podcast, please go to: https://youtu.be/KLChXdquO-E?feature=shared

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

In this special reaction episode, Nick Poppe responds to a (pretty old but very popular) Dave Ramsey clip that calls the Infinite Banking Concept/Bank on Yourself a scam. Nick breaks down key misconceptions about Bank On Yourself and Infinite Banking, explaining their similarities and clarifying how these strategies truly work. He dives into misunderstood topics like insurance company dividends, cash value, commissions, and policy design, offering a detailed defense of the concept.

Nick shares his personal journey from being a Dave Ramsey follower to discovering the power of alternative financial tools and why personalized advice matters. He acknowledges where Ramsey is right and where he misses the mark, emphasizing the importance of working with trustworthy advisors and making choices that fit your unique goals.

See the full Dave Ramsey show clip from this episode at https://www.youtube.com/watch?v=5MVUN0yGF80

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

In this episode of Living Wealthy, host Nick Poppe wraps up his 3-part series on retirement income strategies by walking you through how to design your own personalized income plan. If you’ve ever wondered how to turn your savings into a sustainable income stream—or how to plan for peace of mind, not just performance, this episode is for you.

Nick breaks down how to:

• Identify and separate income needs (necessities vs. lifestyle)

• Take inventory of your assets (Social Security, 401(k)s, IRAs, real estate, annuities, life insurance, and more)

• Layer your income: guaranteed, semi-predictable, and variable sources

• Build flexibility into your plan with tax-advantaged, liquid “buffer assets”

• Manage taxes in retirement without letting them control your plan

This isn’t about one-size-fits-all advice or generic rules of thumb. It’s about helping you align your money with your values, and create a retirement strategy that helps you sleep well at night.

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

Keywords

retirement income strategies, financial planning, passive income, income needs, asset assessment, tax efficiency, retirement planning, financial coaching, wealth management, income layering

You’ve worked hard, saved diligently, and built up your nest egg. But now what? In this episode of Living Wealthy, host Nick Poppe unpacks one of the biggest financial transitions: going from saving to spending in retirement.

Nick explains why retirement isn’t just about how much you’ve saved, but how well you’ve planned to turn those savings into income. He breaks down the mindset shift from accumulation to distribution and the key risks retirees face, like sequence of returns, inflation, longevity, healthcare costs, and taxes.

You'll also get a high-level look at several retirement income strategies, including:

• The 4% rule and its limitations

• The traditional three-legged stool of retirement (Social Security, pensions, and personal savings)

• The bucketing strategy for timing distributions

• And a more personalized, multi-source income approach using annuities, real estate, whole life insurance, and business assets

Whether you’re approaching retirement or want to plan ahead, this episode will help you understand what changes when the paychecks stop—and how to design a plan that makes your money last.

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp

Keywords

retirement income, financial planning, cash flow, investment strategies, annuities, 4% rule, income floor, bucketing strategy, three-legged stool, retirement planning

In this candid episode of Living Wealthy, Nick Poppe pulls back the curtain on a bold and unconventional financial move he recently made, cashing out the pre-tax portion of his 401(k). While most financial experts would advise rolling those funds into an IRA or another retirement account, Nick explains why he chose to take the tax hit and penalty to access that capital now. He walks through the numbers, his thought process, and the pros and cons of this decision.

Nick discusses why control and flexibility are crucial to him as a business owner and investor, and how having access to this money today allows him to pursue opportunities he believes can outperform traditional stock market return . He’s transparent about the risks, the upfront costs, and the other downsides he faces for going against conventional wisdom. This episode provides a look at personal finance from a perspective of individual goals and unique situations.

Book a free 15-minute Intro call at https://www.fwstrategies.com/

Learn more about the Bank on Yourself strategy with the Bank on Yourself Special Report: https://www.bankonyourself.com/findoutmorenow?wp_src=NP43

Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp