Perennial Pride

In part four of this series with Chris Tormey, they talk about the five simple rules for IBC and the human problems that stop people from having success and wealth. It is crucial to adopt a long-range mindset and carefully consider future implications of financial choices. By consistently paying premiums, embracing opportunities to capitalize on cash value, and minimizing reliance on traditional banks, you can maximize your wealth. Listen in to hear more about these and the behavioral problems that can impact financial decisions.

Highlights 03:43 Addressing the foundational rules of the Infinite Banking Concept 08:31 The third rule: Don't steal from the system 11:14 Rule five: Rethink your thinking 17:09 Final thoughts on the Infinite Banking Concept rules 23:33 Addressing the third human issue, the gold rule for infinite banking 25:06 Fourth human issue: Arrival Syndrome 26:29 Addressing the fifth human issue: Use it or Lose it 29:13 Real-life application of Infinite Banking Concept

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Chris Tormey
• https://www.monecoadvisors.com/team/chris-tormey
• https://infinitebanking.org/agents/tormey653/

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify

In today's episode, Tom and Chris talk about delayed gratification and its impact on life and wealth in a world of instant gratification. They discuss the need for finding a balance between immediate gains and future-oriented actions. Embracing failure as a part of growth and building good money habits through consistent savings, risk mitigation, and a balanced approach to wealth building are keys to success. Identifying foundational elements of wealth that withstand various conditions is essential. Tune in to hear Tom and Chris discuss strategies to impact both wealth and life success.

Highlights 02:16 How customers are often confused by the complexity of insurance illustrations 06:07 Various factors that could affect dividends 11:00 How low interest rates have led to lower dividends in the past 15-20 years 20:02 Using the key components of the policy's design 21:38 The differences between the base premium and the paid-up additions 22:54 The combination of PUA (paid up additions) and base premium in the Infinite Banking Concept (IBC) 23:56 The importance of understanding how the policies work and the benefit of partnership with a powerful institution like a mutual life insurance company

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Chris Tormey
• https://www.monecoadvisors.com/team/chris-tormey
• https://infinitebanking.org/agents/tormey653/

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify

Today, in part two of Tom's series with Chris Tormey, they dive into how IBC actually works and the benefit it has for managing finances. They explain how IBC gives people the opportunity to take control of the banking function in their lives and that whole life isn't just for income replacement but also serves as a means of building equity and legacy. Take a listen to learn more about how to leverage cash value during your lifetime.

Highlights 01:27 The misunderstandings around life insurance 02:08 Varieties of whole life versus term insurance 07:08 Benefits of whole life insurance 15:39 Difference between cash value and death benefit 20:41 Why life insurance companies allow policyholders to borrow against their policy 23:44 How loan repayments for a life insurance policy can be flexible 25:55 The downsides of withdrawal 31:49 The interest rates of loans from life insurance companies 33:49 How policyholders can borrow up to 95% of their cash value with life insurance loans

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Chris Tormey
• https://www.monecoadvisors.com/team/chris-tormey
• https://infinitebanking.org/agents/tormey653/

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify

In this nine part series, Tom is joined by fellow IBC Practitioner Chris Tormey to provide their perspective on Foundations of IBC. Today, in part one, they elaborate on the Infinite Banking Concept itself. They further discuss the characteristics of a good investment and how a well-structured whole life policy can provide benefits such as accessibility to cash, minimal market volatility, protection against inflation, and ultimate control of your wealth and finances. During this series, they will share the common misconceptions about IBC and shed more light on the many benefits of this way of thinking. Tune in over the next few weeks to learn more!

Highlights 01:49 Who is Chris Tormey and how he has been interested and involved in the concept of infinite banking for almost a decade 02:55 The complex concept of IBC and make it applicable to life, beyond just finances 04:36 Brief background of Nelson Nash's journey to creating the IBC 07:14 The two major functions that banks serve in the economy and how IBC can serve as an alternative for one of them 13:40 Characteristics of the ideal investment 16:50 Misunderstandings about the product providing the IBC platform and clarification about its characteristics 27:13 Exploration of the mutual benefits between the insurance company and the policyholder in IBC

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Chris Tormey
• https://www.monecoadvisors.com/team/chris-tormey
• https://infinitebanking.org/agents/tormey653/

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify

Today, Tom is joined by Dave Wolcott: Author, podcast host, and founder and CEO of Pantheon Investments to talk about entrepreneurs building wealth by passively investing in superior real estate and alternative assets that provide predictable cash flow and tax efficiency. Tom and Dave talk about shifting paradigms to find success and freedom in life and own their futures so they can achieve and invest more than they thought possible. Tune in today!

Highlights 00:07 Who is Dave Wolcott? 01:50 What Dave's background looks like 03:15 The inception of his entrepreneurial journey, triggered by dissatisfaction with conventional financial advice 05:50 Dave's journey into entrepreneurship 07:36 Core things that center around freedom and freedom in our lives 11:42 The importance of having a vision encourages people not to wait for a tragic event to take control of their lives 20:02 How uncertainty and lack of control over future taxes, fees, and inflation rates can lead to financial stress and insecurity 25:21 The concept of a syndication and how individuals can invest in large properties through fractional shares. 28:19 Ineffectiveness of limiting investments to conventional options like 401(k)s 31:30 How he came across and started practicing Infinite Banking 32:56 Things he learned about the ultra-wealthy

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Dave Wolcott
• https://www.linkedin.com/in/dave-wolcott-863306
• https://pantheoninvest.com/
• https://pantheoninvest.com/about/

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify

Time moves fast and before we know it, years fly by especially when we start getting comfortable. We can often neglect to stop and reflect on why we are doing the things we are or aren't doing. The world's most influential values are family, relationships, and financial security. Tune in today to hear Tom talk about his hopes to inspire others to think about how they can best support their families and leave a lasting mark.

Highlights 00:43 Reflecting on aligning actions with values 02:57 A survey on the world's most influential values: Family, relationships, and financial security 03:50 The three key areas for investing in your family 04:35 Importance of protecting assets and income 06:30 A personal story on supporting a family after a tragic loss 08:35 The importance of investing in family and education 10:31 The need for formal and life education on finance 12:23 Why families should discuss about legacy and generational wealth 15:29 The need for building independence in children 17:22 Importance of teaching children about failure and making decisions 18:17 The role of parents in giving kids the freedom to choose their path

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify

Tom is joined by Curtis May of Practical Wealth Advisors to talk about freedom of wealth and life. They help their clients achieve more than they thought possible from a financial perspective and want more control over their money. They want to become financially independent before age 65. They are committed to lifelong learning and know that with the right education, they can find the best solution for their financial well being. Tune in today to learn where you could be losing significant wealth and practical ways to address them.

Highlights 02:21 The importance of practical advice and simplicity in the finance space 04:20 How to become financially free by purchasing assets that send you checks each month 08:43 The need for automatic and systematic saving, separate from your 401K 13:41 The significance of being defensive with your finances and plugging the "holes" in your monetary bucket 18:21 The importance of saving and setting money aside for future capital deployment 21:20 The concept of maximum protection 23:38 Misconceptions around mutual funds and the concept of compounded interest 26:14 Recognizing and accepting the reality of the work required to build wealth 29:23 Inevitable financial missteps as part of the journey to wealth 33:14 The importance of managing spending

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with with Curtis May
• https://www.practicalwealthsolutions.net/
• https://practicalwealth.libsyn.com/
• https://www.linkedin.com/in/curtismay

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify

In today's episode, Tom talks about the potential recession coming given rate hikes and debt with companies. We are starting to see layoffs as some of the larger corporations that may have hired too many, too fast. However, many corporate professionals need paychecks and healthcare. Most have built good net worth but not much liquidity. Tom talks about assessing your financial foundation and getting the tools to help you manage and maximize your cash flow. Tune in today!

Highlights 02:44 Encouragement for people considering a change in their career or life but finding it too daunting 05:11 Importance of exploring, building a financial business, and talking to people in the industry 09:05 Using the tool Currence to manage lifestyle and expenses and save more money 10:03 Creating multiple streams of income and building cash flow engines as a way to achieve financial freedom 13:58 Importance of checking the broader financial foundation and preparing for potential risks and disruption in life 17:01 Encouragement to take steps towards change and removing golden handcuffs to lead a more fulfilling life

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify

Tom is joined today by estate planner and attorney Everett Sussman. Death isn't something everyone wants to talk about, but the reality is that it will eventually happen. Society has come to rely on the government more than ever for benefits and reduced the freedoms we have in life. Majority of families don't have an estate plan in place. Listen to hear about why you should have a plan in place and what trends are coming related to estate planning.

Highlights 01:34 How Everett got into estate planning law 04:15 Addressing concerns about what happens in various situations 07:41 The difference between a will and a trust 10:31 The role of a living trust in estate planning 13:07 How estate planning varies in different states 15:04 How moving to a different state can impact estate planning 20:08 Irrevocable life insurance trusts (ILITs) and their benefits 23:11 Probate fees and taxes in different states 25:43 Estate planning for children with special needs 29:25 Estate planning for business owners and managing different scenarios 32:04 Importance of relying on experienced professionals for complex estate planning tasks

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Everett Sussman
• https://www.estatelawonline.com/
• https://www.linkedin.com/in/egsesq
• https://www.facebook.com/LawOfficesOfEGSussman/

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify

In today's episode, Tom talks about his son and when he started to play baseball: He is a good athlete but didn't quite know what he was doing. He needed to learn the game. The same can be applied to Real Estate Investing. It's something many want to get into, but they just don't quite know where to start. Tom shares the opportunities he used to get educated and how he leveraged his whole life policy to save and store cash. Tune in today!

Highlights 03:37 Finding different opportunities for investing 05:17 Starting the journey into real estate by getting educated through books 08:31 Meeting people with the same interests in real estate 11:30 Importance of networking with experienced individuals 13:28 Starting with smaller deals on properties before venturing into larger ones 14:04 Investing in term key providers and managing properties for investments 16:28 Opportunities for accredited investors through private placements, syndications, and partnerships in larger real estate ventures. 18:29 Understanding if real estate investment is the right opportunity for you 19:25 Emphasizing the importance of growing, learning, and becoming more active in investments.

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify